I dont think the value will drop that much more if any. The real cost may be maintenance as the 355 costs a lot more for the upkeeps and repair from what I've heard. Love the 355 though.

 

I'm new here so not trying to start any flames but I need to call BS on some of this as someone who actually owns a 355 F1. I've had my car for over two years with no problems whatsoever with the gearbox. In fact, I find it far more fun than the previous 6 speed I had but it's personal preference. Don't pass up a good F1 just because of some unsupported rumors you read on the web. Yes, there are a very few failures but I think you'll find it to be more fiction than fact.

I doubt the 355 will become a collectable but good ones are getting harder and harder to find. As far as mileage, there are a few cars that are starting to show up with rolled back odometers so I would be very suspect of anything under 10K miles that can't back up the mileage with documentation. Besides Carfax, a good place to check the history of a car is www.ferrari355registry.com It's a web site that was started to prevent this exact kind of problem and start to track the cars. Still fairly new but there are quite a few cars on there already.

Further, I would say that a low mileage, unmaintained car is going to be more of a problem than a well maintained, higher mileage car. I know the weird things (leaks, suspension light, etc.) usually happen to my car the first few hours after I've taken it out of winter storage because it sat all winter. Once I've driven it a few times it's just fine. These things don't like to sit so have any car thoroughly checked out by a respected Ferrari mechanic.

If you're going to buy, you should do it soon because the prices start going higher just as quickly as the temperature especially the spiders.

Now the bad news. They are expensive to maintain and there is no cheap way around it. There are ways to get around some of it if you're mechanically inclined like oil changes, brake pads, etc. since they are pretty easy to work. Although a very few people have done the belt service (30K) themselves it's not something for the faint of heart since you're dropping the engine and messing with things like cam timing so I would take it to a respected shop that knows the car. This service runs between $6K (if nothing is wrong) on up depending what the car needs so be sure to budget for that up front because you WILL need it at some point.

As long as you do your homework, they are incredible cars. I've been blessed by owning some pretty incredible cars in my life but nothing, and I repeat nothing, sounds like a 355 (with a Tubi) at 8K in a tunnel. It's unbelievable.

So, buy the car because you want it and will drive it but don't buy it as an investment. Hope this helps.

 

the true collectible 355 is the GTS. All you see for sale are the verts, the Targa GTS you never see for sale.

 

355's continue to drop at Mannheim, so unless something spectacular happens I don't see them becoming collectible. They aren't even selling that well at wholesale. Def one of the sexiest cars though.

 

People LOVE 355's, myself included.

I doubt the immediate long term potential of the cars though.

I predict 355's will become what 328's are currently, at least for a while. The problem with them (355) is that they are way too expensive to maintain. We all know the horror stories, the manifolds, etc; it's not worth those enormous expenses for what you get. It's not a superb performer like that of collectible-era Ferrari. It's not the newest technology, nor is it vintage yet. I'd say for the next twenty years 355's will be stuck in a low volatility price-point. They are too gorgeous and sound too good to get cheap, but not good enough to appreciate heavily.

HOWEVER, we all know vintage Ferrari are relics of grandeur, passion, beauty, and history. Think 275 GTB. Nowadays, we ALL know a 275 won't perform anywhere CLOSE to a modern sports car. Who cares? Driving one around town would be a more gratifying experience than putting around in a 430. If you so choose, taking a 275 to a track would more than likely be more fun than I could imagine-- the sound and drama would just be euphoric! We all know they aren't cheap to run nowadays as well-- like 355's. Buyers don't care. They WANT the cars. Because of that, 275's are now very expensive.

I do think the 355's will follow that trend-- but only when they are so outdated that they become vintage. At that point, the classic beauty and perfect proportions along with the (still very fun) drive and sound will be very enticing. I think it will just take some time for the cars to move through that doldrums state.

 

If its nothing for you to pick up and you don't have another car in mind, why not pick it up?

Then let me drive it at the 6speed meets

 

i absolutely love my car...like everyone said theres something about the car. but i can't see the point of collecting the car... Ferarri made so many of them..i bought it for a great price so i might as well enjoy it while i have it..

 

love the 355 but i doubt it'll ever be that collectible. 400hp is pretty run of the mill these days and ferrari has really been cranking out v8 models.i can't see them ever going as cheap as the 308/328s but i can't see them going up in value either at least for 20 years.