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Ferrari: Help, me again. Thinking about buying a 355

  1. #1
    Guest

    Help, me again. Thinking about buying a 355

    I should first point out that I drive a newer C5 Vette. I love it and the
    power & control that it provides. Acceleration & lateral G's are
    impressive. But, I am considering trading up (down ?) to a used Ferrari.

    I have found a 1995 355 spider with 20 Some thousand miles on it here in
    Michigan. About $10-15,000 more than the 328 I was looking at. @ $55,000.
    So this cost would be about $ 70,000. It is mint, well cared for and
    documented. There still may be room to bargain on the price.

    I expect that maintenance costs are more costly than 328s. However, do the
    costs make the car a non logical choice ? I make a comfortable living but I
    am not rich by any standard. I Still have a mortgage, vehicle payments and
    work needed on the house like most other people.

    Im aware of the fact that most any Ferrari needs a 15,000 and 30,000 mile
    tune up. How much do those cost ?
    What other tune-ups may it need in between those mileage slots ?

    I think the 355 styling is beautiful and I am falling in love with this car.

    I have also read about some 355s catching on fire. Something to do with the
    manifold heat and fuel lines being too close. What other problmes does this
    car have ? Cracked Heads ?

    Are these incidents occuring from days at the track or everyday normal
    driving ?

    My dream of owning a Ferrari is soooooooo close its nerve racking.

    Any repsonses would be greatly appreciated. Especially from 355 owners.

    Thanks in advance,

    Jeff

    P.S. Oh yeah, what with this toolkit that is mentioned in every Ferrari ad ?





  2. #2
    J.C.
    Guest

    Re: Help, me again. Thinking about buying a 355

    <Nikola Tesla> wrote:
     

    Indeed. Spiders are more expensive, but it's a 1995 car.
     

    Nor am I, but still I've been able to own and maintain an F355 for 3 1/2
    years now.
     

    An arm and a leg. The 40,000 km (I'm in continental Europe) service cost
    me 7,500 euros. This included the "normal" service (changing cam belts),
    but also replacing part of the clutch.
     

    Yearly oil change, and minor service every 10,000 km. These cost around
    1,000 euros. 

    Never had any major problem with mine, only some small but costly
    glitches, like this A/C control panel I must change for 800 euros
    (remember that any part is Ferrari branded, which means it's friggin
    expensive).

    I know a guy who blew his engine, due to rod supports which broke. It
    happened on the road, but I know he had been using his car on quite a
    lot of club events / track days. The garage told me they had heard of
    similar problems with other F355s.

    The F355 engine is obviously pushed to its limits: 5-valve/cylinder, red
    line at 8,700 rpm, max power at 8,500 rpm... This is where the pleasure
    comes from, but also where the risks come from.
     

    Kind of compulsive, isn't it?
     

    Every dollar/euro/rupee is worth it. I still quiver every time I start
    and rev this engine, and drive this beauty.

    An investment you should consider is a new exhaust (e.g. Tubistyle). An
    F355 makes a wonderful sound, but with a sports exhaust it becomes
    totally addictive.

    --
    J.C.

  3. #3
    Fred
    Guest

    Re: Help, me again. Thinking about buying a 355

    On Thu, 23 Jun 2005 03:36:08 -0400, <Nikola Tesla> wrote: 

    The fires appear to be related to improper reconnection or replacement
    of the fuel lines after a belt service.
     

    Heard of that, don't know of that.

    Someone hear mentioned cracked headers, but that may be ass apocryphal
    as substantive as well.


    -

    The difference between stupidity and genius is
    that genius has its limits. - Albert Einstein

  4. #4
    Iain
    Guest

    Re: Help, me again. Thinking about buying a 355


    "Fred Garvin" <com> wrote in message
    news:com... 

    More likely blown headers - and they do. In order to make the headers run
    nice & hot to improve the gas flow Ferrari manufactured the headers out of
    quite light weight tubing & then encased them in a heatshield stuffed with
    some kind of wadding. Seems they made the tubing just a tad too light cos it
    has a habit of blowing through - particularly on the middle two pipes on
    each bank.

    Early signs of a blown header are a fine white dust all over the engine bay
    as the wadding gets blown out from within the heatshield.

    Price of one new header is (I believe) about £1200 (call it $2100). Our
    friends at QV London are repairing & remanufacturing 355 headers with
    slightly heavier guage tube faster than you can say boo to a goose. Last
    time I was in there they were just loading another 5 pairs onto the van to
    go off & get the treatment. I believe they then sell them for around £450 a
    side (call it $800).

    There have been other issues of 355 engines with head problems and a few
    that have thrown rods etc but these have mostly beeen "well used & abused".

    I.



  5. #5
    James
    Guest

    Re: Help, me again. Thinking about buying a 355

    I've owned & maintained my '95 F355 for 5.5yrs now. I've been thru annual
    oil changes (~$300 USD), brakes (~$800 for rear only), rear wheel bearing
    (~$1100 including installation), 15K service (~$6K), new catalyst due to
    cracked header (~$1500 -- Ferrari covered the new header), a set of tires
    (~$1100), rear shocks & CV boot covers (~$4K), etc. All of that being said,
    I consider the $/mile driven that I've spent to be a bargain. If properly
    maintained, 355's are fairly bullet-proof. I've tracked mine many times &
    never had any issues (maybe I'm just not pushing it enough!).

    The 328's a beautiful car & would make an excellent choice. Personally, I'd
    go ahead & spring for the 355. Just be sure & verify the maintenance
    records.

    Oh yeah, the toolkit is simply that -- a toolkit that comes in the "trunk".
    Not much to it really, but important to have.

    Good luck with your quest/purchase.

    Regards,
    James

    <Nikola Tesla> wrote in message news:com... 
    $55,000. 

    and 
    car. 
    the 
    this 




  6. #6
    Guest

    Re: Help, me again. Thinking about buying a 355

    thanks for taking the time to reply

    "Iain Miller" <me> wrote in message
    news:dQHue.1958$ntli.net... 



  7. #7
    Guest

    Re: Help, me again. Thinking about buying a 355

    Thanks for the info.
    Tires and oil change prices are kindof expected. Brakes high but I
    understand.

    But 15K over 5 years sounds quite expensive.

    Wheel bearing
    Catalyst
    Header
    Shocks
    CV boot covers

    Is this normal for Ferrari upkeep ? Perhaps the 328 does make more sense for
    me now.

    How many miles per year are you putting on your 355 ?

    Thanks Again

    Jeff


    "James" <rr.com> wrote in message
    news:8vIue.73325$texas.rr.com... 



  8. #8
    Steve
    Guest

    Re: Help, me again. Thinking about buying a 355

    Back in the 1960s - '70s, car magazines reported that most Ferrari owners
    did their own work on the cars. I owned a Sunbeam Talbot convertible (drop
    head) coupe, a very souped up Triumph TR3, and two Jaguars in that time. I
    did everything except crankshaft grinding on them. As a result, maintenance
    costs were no more than an ordinary family car. I'm surprised that no one on
    this group seems to be doing this. I am almost 65 years old now, and still
    do not think in terms of having dealers, or service garages work on my
    vehicles!

    Steve R.


    "James" <rr.com> wrote in message
    news:8vIue.73325$texas.rr.com... 



  9. #9
    Dean
    Guest

    Re: Help, me again. Thinking about buying a 355

    On Fri, 24 Jun 2005 16:52:13 -0700, "Steve R." <tc.ca>
    wrote:
     

    Well, not quite the same thing but a one-man dealer who I've known for
    a while and who counts about a third of his turnover as Ferraris had
    an F40 in his warehouse a while back that I was drooling over. He
    showed me that he had pulled the camshafts out of the engine because
    he wasn't happy that the new cam belt seemed to be wearing more on one
    side than the other. I'm not sure why he had pulled the camshafts
    out, as I can't see what that would have to do with it, but in any
    event, he's certainly a braver man than I am.
    --
    Dan.

  10. #10
    Iain
    Guest

    Re: Help, me again. Thinking about buying a 355


    "Steve R." <tc.ca> wrote in message
    news:victoria.tc.ca... 

    Quite a lot of Ferrari owners do do their own maintenance. Plenty of people
    who frequent Ferrarichat.com do everything right upto pulling their own
    engines on 348s, 355s & Testarossas for major servives. A lot of what you
    can do also depends on the facilities you have. Life would be much easier if
    I had a double width garage with a lift in it! I don't so I end up working
    outside for most of the time which tends to mean I can only work on dry days
    & on jobs that don't take too long. It takes over half an hour just to get
    the thing up in the air onto stands with the wheels off and a similar length
    of time to get it down again.

    I'm not sure I'd go as far as trying to pull an engine myself (and to be
    honest its hardly ever necessary on a 328) but I'm starting to do more &
    more of it. Basic stuff like the maintaining the brakes & fluid changes etc
    are easily do-able on the 328 & just maybe in 2 years time I'll have a go at
    the cambelts. I've done it on a number of other engines before (including a
    B5 Passat which entails pulling half the front of the car apart). The main
    problem is always getting the information to be sure you are doing the right
    things but there is plenty of help about. There are (of course) some special
    tools needed from time to time as well.

    The consequences of getting something wrong with something like a cambelt
    change are, of course pretty hideous though!

    rgds

    I.




 

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