| Author | Message | ||
| Dale W Spradling (Drtax)
Member Username: Drtax Post Number: 376 Registered: 4-2003 |
Coach, on another thread, Bill Noon gave some pricing guidelines for Daytonas that is probably the best bet. I guessing that Bill has fotgotten more about Daytonas than I will ever know. Ironically, a Daytona is probably a better "investment" right now than a Maranello. Funny, huh? A 30-year old car holding its value better than a 5-year old car. That is, while Daytonas seem to be stuck in a $125k rut, they are fully depreciated. Plus, everybody who is anybody keeps saying that Daytonas are due for a beakout to the $150k to $175k range, kinda like Lussos. Maranellos, of course, are still depreciating. In fact, I think that Maranellos are one of the factors that are holding Daytonas back, i.e., potential Daytona buyers are jumping to Maranellos (I know that I did). What's the bottom for Maranellos? My guess is that each year will bottom out around $90 to $100 and that cars will trade from $100 to $125 depending upon the car. This is roughly 50% of sticker. I'm still thinking about the swap idea. But I'm gonna have to drive a Daytona first. I love vintage cars and motorcycles; but whenever I drive the Maranello, I just think that I must be some kind of "natural born fool" to ever think about swapping. But it looks like I'll be headed your way in November (long story), so maybe we can get together then. Andy, I made a start at a similar 465 chart, and if you like, I can email it to you. Problem is that only Ferrari dealers will make a market in these cars. Everybody else avoids them like the plague, which is too bad because they are great cars. But it is a thin market and so it's hard to know where the bottom is when it comes to the wholesale market. Dale | ||
| Andy Barre (Abarre)
Junior Member Username: Abarre Post Number: 62 Registered: 7-2003 |
Anyone have a similar pricing chart for 456's? | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 369 Registered: 5-2002 |
sorry my typing is off tonight...that is 1971..  | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 368 Registered: 5-2002 |
Dale, what are you willing to pay for a 1071 cosmetically fully restored daytona? Just out od curiosity...not asking for an offer Or better still, what is one worth? | ||
| Dale W Spradling (Drtax)
Member Username: Drtax Post Number: 369 Registered: 4-2003 |
Thanks, it wasn't easy putting this chart together. Apparently, there are not more than a half dozen real Ferrari wholesalers in the country, i.e., someone who will Fedex a check sight unseen for a car. Jim Lyons at the the Sports Car Company was the one who gave me the 10 & 10 rule, i.e., wholesaler profit + difference between years. Jim Apen's Gold book was also helpful, but somewhat lumpy between years. What really drives the chart are the following percentages of original MSRP: 2001 80% 75% 70% 2000 75% 70% 65% 1999 70% 65% 60% 1998 65% 60% 55% 1997 60% 55% 50% If anyone is interested, I'll be glad to explain. But, while some of you think that FC and coffee is OCB, damn, these FCars are a true sickness. I go through all these mental exercises and months of searching to buy what I believe (I don't care what you believe, this is my own rationalization, thank you very much) the very best 1998 Maranello on the planet (I am an accountant, don't you know) only to start getting the hots for a Daytona. No wonder my wife is interviewing divorce attorneys. Can't say that I blame her! Ack! Is there any hope? Probably not... ps Martin, my wife and daughter really enjoyed your (and others) recommendations for eating places in Miami. They are now in London. That's okay, I get to go look at the Maranello in the garage. Ha! | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 6038 Registered: 5-2001 |
Dale I think your numbers are pretty accurate. | ||
| mike550 (Mikeg)
New member Username: Mikeg Post Number: 50 Registered: 8-2003 |
P.S. Dr Tax - your 550 looks primo! You, Scott and I all coincidentally also have Porsche 996s | ||
| mike550 (Mikeg)
New member Username: Mikeg Post Number: 49 Registered: 8-2003 |
nice chart Dale. One additional point to consider Scott is that the 01 and 00s may be priced closer together now (than a year ago) as the warranty period is over now for most 01s as well. A year ago all 01 550s had a year of warranty left. Now at best you can find one with 2.5 months left. There are no differences (at least as far as I know) between the 01 and 00. So it may come down to the best price. If you find both an 00 and 01 model with 2000 miles you may not want to pay a big premium for the "same" exact car. A slight one might be in order as some services seem to also be based on years in addition to mileage. Anyway FWIW. | ||
| Dale W Spradling (Drtax)
Member Username: Drtax Post Number: 367 Registered: 4-2003 |
Scott, FWIW, here's chart that I did on 550s late last year. Note that "Good" is what you actually see for sale. "Excellent" means a trailer queen. Basically, the wholesale spread is $10K. Plus, the spread between years is $10k, i.e., 2001 to 2000. Maybe a little out of date. But, I'd be interested in getting your (and everybody else's) reaction to these numbers. Dale 550 Price Guidelines Dollars MSRP Excellent Good Wholesale 2001 215,340 172,272 161,505 150,738 2000 213,300 159,975 149,310 138,645 1999 212,000 148,400 137,800 127,200 1998 204,000 132,600 122,400 112,200 1997 204,000 122,400 112,200 102,000 ps No matter what I do, I can't get this chart to format right. But just slide the MSRP over to the first number column, and it will work. | ||
| mike550 (Mikeg)
New member Username: Mikeg Post Number: 47 Registered: 8-2003 |
I have not seen any 2001 550s with fewer than 4k miles for less than $165. I looked for along time before buying my U.S. 2000 550 with 3K miles - showroom mint. (shield, red calpers) I paid $155. Probably paid too much - but was eager and wanted one locally (California). The car was mint - PPI'd, compression, leakdown all done. I saw some a bit cheaper but not nearly as nice and wanted to buy from a dealer vs individual. P.S. Love it! Get one soon you will not regret it. | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 364 Registered: 5-2002 |
have been pricing and bidding on 550 maranellos. A 2000 or 2001 command some 135,000 to 150,000; a 1999 can be had for 130,000 easily, and 1997 models are going for 110,000+ on EBay. There is such a car as you desire on EBay right now and I think the Buy it now price is 159,000. I want one too, but I keep hearing prices are coming down....just have not found the right car. | ||
| Mark Moon (Enzomoon)
Member Username: Enzomoon Post Number: 259 Registered: 4-2002 |
With the mileage and year as noted above, based on my recent search for a 550 I would imagine market price for that car to be about $150k-160k. I picked up a near mint 1999 with carbon fiber interior, 11,000 miles, major not done, for $129k. | ||
| Scott DeGhetto (Scott63)
Junior Member Username: Scott63 Post Number: 143 Registered: 4-2003 |
I am considering a 550. What is market price on a 2001 with 2K miles and modest options (shields, leather rear shelf, red calipers) versus pricing on a similiar year 2000 and 1999. Thanks, Scott |