| Author |
Message |
BretM (Bretm)
| | Posted on Monday, September 10, 2001 - 9:18 pm: | |
Yeah I saw that thing on ebay awhile ago, it looks like a $100K Italian designed easter egg. |
Herbert Edward Gault (Irfgt)
| | Posted on Monday, September 10, 2001 - 9:09 pm: | |
That color is known as Carolina Blue. In the 70s the Carolina GM dealers had a bunch of Cutlasses and Impalas painted specially in that color and with special ornamentation called them Carolina Editions. They sold a ton of them and it really did not look that bad on an Impala or Cutlass, but that poor Ferrari needs help. |
Rob Lay (Rob328gts)
| | Posted on Monday, September 10, 2001 - 8:03 pm: | |
In my experience, Ferraris and other collector cars are sometimes valued through http://www.cpivalueguide.com
They have everything but the rarest of Ferraris.
You'll have to pay to see anything but the excellent prices, which only represent a small % of the cars anyway. |
Tim N (Timn88)
| | Posted on Monday, September 10, 2001 - 7:58 pm: | |
yeah, the ad says its a rarity, because no one is stupid enough to get one in that god awful color |
Tim N (Timn88)
| | Posted on Monday, September 10, 2001 - 7:57 pm: | |
thats disgusting |
Ben Lobenstein 90 TR (Benjet)
| | Posted on Monday, September 10, 2001 - 12:50 pm: | |
Somewhere I have a pic of a TR in that exact color. Blech.
-Ben |
Octavio Mestre (Alfab4308)
| | Posted on Monday, September 10, 2001 - 12:39 pm: | |
That was the first time I have ever seen a ferrari and laughed out loud! That has to be the car of some pro athlete with too much $ and too little taste. |
Willis Huang (Willis360)
| | Posted on Monday, September 10, 2001 - 10:41 am: | |
Ouch, That hurt my eyes!!
Seriously, That color would look great on a 57 T-Bird. Who in their right mind would do that to a Ferrari? |
Jim E (Jimpo1)
| | Posted on Monday, September 10, 2001 - 9:53 am: | |
Maybe the car is Prugna! (Just kidding, I like Prugna!) :-) Want to see an ugly Ferrari color? Check this out...
http://cgi.ebay.com/ebaymotors/aw-cgi/ebayISAPI.dll?ViewItem&item=594359231&r=0&t=0 |
paul s (Pes236)
| | Posted on Monday, September 10, 2001 - 9:28 am: | |
martin - as i had posted somewhere in here - dont know where - a 96 355 with 11K miles from a private seller would never go for less than $ 110K
as per your math above 146500 subtract 10k per year = 20k and 15k for f-1 = $111500- so what do we subtract for to get to 95k --- was the car purple? |
Martin (Miami348ts)
| | Posted on Monday, September 10, 2001 - 9:06 am: | |
This is an e-mail I just received through eBay becasue of my callsign: IBuyFerrariCars
If you have any interest, I am in Houston and selling my 98 355 F1 yellow
and black spider. I have an 02 360 coming in Jan. My car is currently in
inventory at Ferrari of Houston, but I can also sell it since I consigned it
to them.
The car has about 9500 miles and is in perfect condition. I am also in the
investment management business with a major firm.
For reference the organization Exotics Cars Wholesale in Ft. Lauderdale has
put a bid in for my car(since I have used them in the past for transactions)
slightly above $130K. I think that establishes true whosale for a forced
sale. Its like getting a bid for a bond that the counterparty is willing to
execute.
I am not in a forced sale mode, and based on the current market am asking
146,500 for the car.Am very willing to discuss with qualified buyer. |
Martin (Miami348ts)
| | Posted on Monday, September 10, 2001 - 8:51 am: | |
I have just been offered a 1996 US 355 Spider with 6 speed (no F1 then). The car has 11.5K miles and is in good condition red with tan. The car really needs the 15K service done, not included. The car was offered to me for $ 95K.
That is where I base my prices on. That price does make sense. So add $ 15K for the F-1 and another $10K for each year.
Again, I believe that the 355 is overpriced beacuse of the hype around the 360 Spider. Things will quiet down in a few.
People can ask how much they want. I am encountering that every day in Real Estate. How can you offer X when they are asking Y? Simple, I buy at X not at Y. And just as you said, there is about 100 cars out there. One will have to sell at MY price. Maybe not the first or the second, but there is one that will sell at my price.
It is a car. A equal item. You can compare one to the other. Make sure you are looking for the color you want and the Miles and the price and thou shall find! |
paul s (Pes236)
| | Posted on Monday, September 10, 2001 - 6:28 am: | |
frank - I agree and disagree with you - if you find 10 - 99 f-1 355 spiders in the ferrari market letter All with 5K miles all US cars and all for 165K - I dont think you will get 1 of them for 124k ( 25% ) now 150K a few might be bought for or at best prob 145 from a private seller |
Frank Parker (Parkerfe)
| | Posted on Saturday, September 08, 2001 - 1:50 pm: | |
One must remember that the Ferrari Market Letter publishes "asking price" not selling price. There can be anywhere between 0% and 25% or more between the two. |
paul s (Pes236)
| | Posted on Saturday, September 08, 2001 - 12:53 pm: | |
martin - apples and oranges here - you r right on 360 spiders - asking way too much - main reason as you pointed out is they are still being produced and more and more will become avail. But a 355 f-1 spider they are done making - no more will become avail so as my previous post these are the asking price ranges for these cars thats 14 cars prob averaging around 165K and can prob offer around 10K less than asking price and strike a deal - but no less - and as to your 91 348ts yes condition matters a lot and so does milage - with 40K miles I have seen asking prices around 53K but an 6K mile car would be around 67K - considering the year of 355 98-99 condition should be good and if milage is right (5K) i dont think you r going to get a 98/99 355 spider
F-1 for any less than 160 ---- i look at ferrari market letter / dupont registry / and the ferrari NA website - this is what these cars go for -between the 3 thats probably 100 98/99 355
f-1 spiders averaging a 165K price tag - thats my documentation - where do you get your numbers from - i just have never seen a 98/99 F-1 355 spider with low milage and a U.S. car for 135 as you claim |
Martin (Miami348ts)
| | Posted on Wednesday, September 05, 2001 - 8:30 am: | |
Talking about depreciating assets...
For how much can you sell the 360 spider next year, when they are available and most rich guys got bored of their toys?
You bought it for $320,000 in 2001 and sell it for ??? in 2002.
Is there a faster way to burn through $100K in a year on one single item? ...except investiong in the IPO of www.Istillbelieveindot-coms.com |
Martin (Miami348ts)
| | Posted on Wednesday, September 05, 2001 - 8:26 am: | |
I saw that but how much less can they drop on a average car or a fair car? I would not consider my car excellent but it is in very good condition above most other 348 I saw.
I think the FML is a little too high on all of their prices. It is a great indicator if you take an additional 10-15% off the asking prices. Who is going to pay $160,000 for a 1998 355 Spider today? You have to be nuts to do that, same as the guy that pays a $140,000-premium to have a 360 Spider. |
paul s (Pes236)
| | Posted on Wednesday, September 05, 2001 - 7:21 am: | |
ferrari market letter- that 98 355 f-1 spyder for 135k listing above sounds nice - but try to buy one for that - Actual cars for sale in ferrari market letter 99 355 spyder f-1
164900--- this one a 98
179500
162500
164900 all others 99
174900
169500
174900
159000
155000
162500
179500
164900
179500
175000 |
Frank Parker (Parkerfe)
| | Posted on Tuesday, September 04, 2001 - 3:01 pm: | |
If you will look at the CPI definitions for, Excellent, Good and Fair condition of the cars, you'll see why the value is a little high. |
Martin (Miami348ts)
| | Posted on Tuesday, September 04, 2001 - 2:43 pm: | |
This CPI appears a little on the high side. A carb 308, 1979 would be valued at $36K ? My 1991 348TS would be valued at $67,300? Anybody interested, for that I would consider selling.
But to get a loan, hey the more value the better! |
Frank Parker (Parkerfe)
| | Posted on Tuesday, September 04, 2001 - 1:55 pm: | |
Check the C.P.I.(Cars of Particular Interest) which is the "Blue Book" of exotic cars. You can order one at 800.972.5312 or www.cpivalueguide.com |
Ben Lobenstein 90 TR (Benjet)
| | Posted on Tuesday, September 04, 2001 - 1:48 pm: | |
Actually NADA does have it. Go to:
http://www.nadaguides.com
then to classic cars, enter your zip code,
click on "F" below the heading Import Cars & Highline Exotics, then pick your year and model, and print.
Since you didn't indicate a year on your 355 I can't help you but here is a sample:
1998 355F1spyder Weight: 2,976
Manufacturer's Suggested Retail Price: $147,615
Low Retail: $126,500
Average Retail: $135,800
High Retail: $144,800
altho I can't see buying one for those prices, I sure would love that value on my insurance policy (if I had that model)...
-Ben |
Robert R. (Multisync23)
| | Posted on Tuesday, September 04, 2001 - 1:20 pm: | |
I'm taking out a loan and using my 355 Spider as collateral. It doesn't show up in the Kelley Bluebook or the nada.com index. The bank wants me to have the car appraised by a Ferrari dealer.
Is there any authorized source to determine the fair market value of our Ferraris? |