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2002 Ferrari 360 Spider £44,494

For almost anyone, the asking price for a motor such as this is a bundle of money. Still, many of the more fortunate among us could scrape together that much, should the dream of owning one burn brightly enough. This one, picked from the 70,000 used vehicles listed for sale on Autoweb.co.uk, is (as I write) the cheapest among those listed. It's offered for sale by our friends at Spectrum Motor Centre of Flintshire. Its price now is a third of what its first owner would have paid back in ’02, when it was new.

Owning a Ferrari is a dream for the many, realised by the few. A 360, at least, is reckoned by those in the know to be among the best-built of the marque and so the most practical . So it’s to drive every day, rather than keep under wraps for high days and holidays. For would-be owners, this one ticks the obvious boxes: low mileage (for its age) and a service book-ful of stamps from main dealers or Ferrari specialists. It’s also just had a (expensive-sounding) garage visit, too. Then there’s the F1 gearbox, which gives racing-style semi-auto shifts using the paddles to either side of the steering. Very nice.

The non-dating private plate shown in the ad is also desirable; although the white/carbon-fibre body wrap will doubtless offend purists and so raise a question over its future resale value.

Buying one isn’t even the half of it, though. What of the running costs? Allow me to reel off a few prices for replacement parts. They’re hair-raising. A replacement windscreen is around £2000, and new rear window glass is the same. Need a new front headlamp unit: that’ll be £1000. A replacement front bumper: £2000. Handle for the seat height adjuster? £60. One owner, posting on the ferrarilife.com forum, reported a £5666 bill for new tyres, lower front ball joints, anti-roll bar, new LH track rod ends, brake discs and pads, new clutch and repairs to weeping cam seals. And that didn’t include the service he’d also booked.

In short, if finding the buying price means scraping together all your coin, you probably come to regret owning one. Remember that while the value of second-hand Ferraris may drop, the costing of keeping them healthy rises as they get older. Realistically, you need to keep spare £5k a year for servicing and repairs.

Bear in mind, too, that you’ll need to drive the car often, and far. Not purely to justify the hefty investment it represents, but also because too little use encourages engines to become dry and sticky, while hoses will become brittle and leak. You’ll drop almost as much on the upkeep of a car that covers no more than a few hundred miles per year as you would on one that you used daily. And to drive? A 360 will be a revelation. Delivering an experience unlike any other except, um…driving a Ferrari.

Think of them as road-legal race cars. Easier to pilot than a full-blooded competition machine, but demanding concentration and care to see of their best. Like most good things in life, they’re worth what they cost… definitely.

 

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