| Author | Message | ||
| James Lee (Aventino)
Junior Member Username: Aventino Post Number: 86 Registered: 6-2003 |
Classic Cars and the Classic & Sportscar magazines both ran articles in the last few months on the Daytonas being good value in light of what they say is a large rise in 275 and Lusso prices that will eventually drag the Daytona up. Unfortunately they didn't get into good vs. bad cars. | ||
| William Badurski (Billb)
Junior Member Username: Billb Post Number: 198 Registered: 6-2001 |
To Bill Noon, Very well put. I couldn't agree more with any of your comments. I've owned several and they're great fun if you live in the boondocks as I do. Bill Badurski Technical Chairman Ferrari Club of America | ||
| William D. Noon (Billnoon)
New member Username: Billnoon Post Number: 10 Registered: 8-2003 |
Dear readers, I have bought and sold more than 100 (one-hundred) diferent Daytonas over the past ten years. In that time prices have changed very little with the exception of bad cars which are not for the most part worth buying. Some really outstanding examples may have traded over $150K, however these are exceptions not the rule. Real prices are more or less as follows: Roaches that need full restoration but might still go down the road if pushed hard will trade south of $75K. Nice worn out cars that still do what they were built for but look like crap doing it are in the $75K to $100K range. Nice original daily drivers that show thirty years of well maintained use will run $100K to $125K. Outstanding fully restored or "special story" examples will pull over $125K, however today the real market for the most part stops shy of $150K. I will go out on a limb and state that prices should continue to remain stable as their is a great supply of cars to support the few buyers stepping up to the plate. If you think you are going to save money buying at the bottom end of the market, beware! Your average Daytona needing work can easily eat through several large stacks of well earned disposable income. Full rebuilds on a motor will run over $30K. Full suspenions over $10K, same for a transaxle it is need everything. Cars with rust are a killer as a Daytona actually has an inner fiberglass body and and outer steel one. Major body repairs are no fun at all. Remember one thing. As cool as a Daytona is, they were designed strictly for European high-speed driving. I have spent many thousands of pleasent and unpleasent miles behind the wheels of good and bad Daytonas. Unless you can take your car to the track or live where the police do not monitor your speed on highways, it is very dificult to utilize a Daytona's true capabilities. While the heavy steering is often over stated, the bigger problem is an inability to put the car through its rpm curve given the stock final drive ratio. Third gear is good for over 100mph! Anyway, I still love them especially the racing variants. I have even won a couple of historic races behind the wheel of a client's car and one our store use to own. For Dr. I.M. Ibrahim, I am sure one of my boys can find you a nice 550 to trade against your Daytona should you so desire. Contact me privately if you wish. Warmest regards to all, Bill Noon | ||
| William H (Countachxx)
Advanced Member Username: Countachxx Post Number: 2981 Registered: 2-2001 |
Maybe I'll take my Countach to auction when it comes out of the paint shop | ||
| Dan (Bobafett)
Intermediate Member Username: Bobafett Post Number: 1314 Registered: 9-2002 |
Coachi, If I didn't want to keep my Maranello, I'd take you up! I think the ideal setup is both, plus an F40!  --Dan | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 355 Registered: 5-2002 |
Well, I have had a very nice Daytona, professional cosmetic restoration with 20,000 miles, in great shape and very original...have tried to sell it for $135,000 and have not gotten a taker yet. Everything cosmetic has been restored including the dash, the steering wheel and everything else. So I can't say the prices are going up. I want to own a 550 Maranello ( I have 2 daytonas ) and would trade straight up for a 1999/2000 maranello if anyone is interested | ||
| Terry Springer (Tspringer)
Member Username: Tspringer Post Number: 794 Registered: 4-2002 |
Who knows what a Daytona is worth. I had people telling me "You can buy them all day long for $90K" but when it came time to actually do so... only the real dogs were in that price range. I just got the new issue of Sportscar Market Letter. They state in several places that Daytona prices are "bouncing back" and "moving up". One EXTREMELY nice #1 2,000 original mile car sold for $162K and another good driver #3+ car sold for $145K. Both real sales at auction. A third car did not sell at a high bid of $110K. It had a few needs but they commented that it was worth "at least" $10K more. If you want one.... buy now. It does appear prices are moving up. I wouldnt bank on a Lusso like rise over the next 12 months, but if really good cars are bringing $175K - $180K in 3 years I would not be surprised. That said, I also think the dogs out there will stay tough to sell at $100K. Even at 1/2 the price you cannot turn a real dog into a great car for the difference in price. | ||
| Dan (Bobafett)
Intermediate Member Username: Bobafett Post Number: 1287 Registered: 9-2002 |
Norm, Let's buy twins. I want a cut-coupe, though. Gumball inspires me. --Dan | ||
| Norman (Storminnormin)
Junior Member Username: Storminnormin Post Number: 243 Registered: 7-2002 |
Dan, I'm hoping they'll go down so I can get one too!! In reality, the Daytona's have been holding pretty steady for the past few years. The Lusso (about 350 produced) did too, and suddenly their prices seem to have risen dramatically over the past year. Over 1300 Daytonas were made, and lots of people got majorly burned during the days of greed so I don't know if their prices will be going up much anytime soon. | ||
| Dan (Bobafett)
Intermediate Member Username: Bobafett Post Number: 1283 Registered: 9-2002 |
If this is true I should hurry...I have been toying with the idea of a Daytona for a few months now. Any comments from the speculators? --Dan | ||
| William H (Countachxx)
Advanced Member Username: Countachxx Post Number: 2962 Registered: 2-2001 |
I'm hearing that prices on older ferraris are going north, Do you suppose the same will happen to Daytonas soon ? I hope it happens to Lambos so I can trade my countach in on a Porsche GT2 or an F40 |