| Author | Message | ||
| PSk (Psk)
Member Username: Psk Post Number: 681 Registered: 11-2002 |
Yes Art, you are right ofcourse. Demand sets the price. I must admit Jay's black one is real nice. Funny how a colour that I am not really into works so good on this car. Makes it look completely different to me ... and reading the article it obviously is something very special to drive  I will be interested to watch the resale value over the years. Pete | ||
| IamA (Ski_bum)
New member Username: Ski_bum Post Number: 49 Registered: 12-2002 |
If you had the Enzo, shouldn't it be fast enough to keep away from the wife, at least until you run out of gas! <grin> | ||
| Faisal Khan (Tvrfreak)
Member Username: Tvrfreak Post Number: 446 Registered: 3-2003 |
Art, that's when you'd use the plane to make a quick getaway! | ||
| arthur chambers (Art355)
Intermediate Member Username: Art355 Post Number: 2052 Registered: 6-2001 |
Pete: I wasn't comparing the cars, only that if a car is truly wanted by those with sufficient assets, then the price will be what the seller demands. That is true for both the GTO and the Enzo. However, having said that, the Enzo appears to be a very, very special car. I wish I had enough money, pull, clout, etc. to be on the list to get one. I'm not, and there is no way I could afford the million to get one now. I might have been able to swing the 650k, but a mil is waay beyond my ability to buy it and stay alive when my wife found out. Art | ||
| PSk (Psk)
Member Username: Psk Post Number: 680 Registered: 11-2002 |
I would only buy a black one as it hides the shape ... read the article on Jay's one in the Car mag. last night, and they do look much better in black. Personally the reason there are so many for sale, is that they are not finding satisfied owners. In the end once you have got over the orgasim in buying the latest, fastest Ferrari, you are left with an ugly (to some people) Ferrari, that you struggle to fit a golf bag in. Most now realise that the 288 GTO/F40/F50 are better looking and for ROAD usage as good if not better cars. Pete ps: Please stop comparing a flashy road car with NO racing heritage or intention, to the 250 GTO that built half of what Ferrari is today. The Enzo is just the new kid on the block and so far is failing to prove itself, especially going by the number up for sale. If that is the only reason people bought the car, ie. a quick buck, then it must not be worth owning IMO. | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 2256 Registered: 1-2002 |
David, Shearson is but one investment management (aka stock brokerage) firm that aims for high net worth investors. There are many others. | ||
| arthur chambers (Art355)
Intermediate Member Username: Art355 Post Number: 2034 Registered: 6-2001 |
That's right each account have 150 or more in it. Art | ||
| David McGee (Damcgee)
Junior Member Username: Damcgee Post Number: 79 Registered: 2-2003 |
What is Shearson? | ||
| Vince (Manatee)
Junior Member Username: Manatee Post Number: 250 Registered: 6-2002 |
Henry, $150 million in each of the 1500 accounts. $150 million spread out over 1500 accts would mean each acct would only have 100k. | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 892 Registered: 8-2001 |
Arthur: Are these 1500 accounts, with 150 million EACH? | ||
| arthur chambers (Art355)
Intermediate Member Username: Art355 Post Number: 2027 Registered: 6-2001 |
399 cars. 1500 accounts at Shearson in excess of 150 Million. 399 cars. Prices will be at 1M and higher. The guy who has to have one, and has the money, will have one. Just like the 250 GTOs. Art | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 2230 Registered: 1-2002 |
I think they will be "in stock" the minute they get a deposit from a buyer, which they will give to the various private parties who have offered to sell theirs for a tidy $300K profit (minus a commission, of course...). | ||
| Jason Godsil (Godsil)
Member Username: Godsil Post Number: 271 Registered: 9-2001 |
I was down in Beverly Hills last month and stopped by Black on Black to see the Enzos they had advertised. Althought they were closed, the Enzos were not in sight. I thought maybe they were in the back area behind the garage doors. But when we drove by the next day the doors were open and it was just the service shop behind them, still no Enzos. I just don't think they were there. | ||
| Faisal Khan (Tvrfreak)
Member Username: Tvrfreak Post Number: 425 Registered: 3-2003 |
Maybe they mean in hock? | ||
| Faisal Khan (Tvrfreak)
Member Username: Tvrfreak Post Number: 424 Registered: 3-2003 |
It is in stock, just not in theirs. | ||
| Tyson Hall (Trhall)
Junior Member Username: Trhall Post Number: 123 Registered: 6-2003 |
LOL!! | ||
| Hubert Otlik (Hugh)
Member Username: Hugh Post Number: 998 Registered: 1-2002 |
tyson- i think the definition of "in stock" has been reinvented to mean "available." | ||
| Tyson Hall (Trhall)
Junior Member Username: Trhall Post Number: 121 Registered: 6-2003 |
Thats fine if they are brokering the cars but their ad in the Auto Week clearly states IN STOCK. | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1084 Registered: 3-2002 |
Even their website doesn't have actual photos of the cars; just the factory shots of a red version. | ||
| Hubert Otlik (Hugh)
Member Username: Hugh Post Number: 997 Registered: 1-2002 |
i'd venture to guess that "flipped" enzo's are going to go for ~ 900k. that's if anyone is actually selling them (i.e., holds them in stock), i'd say the enzos listed are simply being brokered by dealers, and the owners are taking offers as the come in. | ||
| Tyson Hall (Trhall)
Junior Member Username: Trhall Post Number: 120 Registered: 6-2003 |
There was somebody who took pictures of the Black on Black showroom. Where are the Enzos?? | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1082 Registered: 3-2002 |
Very true. What cracks me up is that one ad shows four available cars, each with 100 miles. One is listed at $1.5M, two merely say "In Stock", and the fourth says "Inquire". | ||
| Dave (Maranelloman)
Intermediate Member Username: Maranelloman Post Number: 2225 Registered: 1-2002 |
...and let's not confuse ASKING price with SELLING price... | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1080 Registered: 3-2002 |
I think the key number here isn't $1MM, but rather 399. It's a lot of money, but there are so many people out there for whom money isn't an issue, especially when you're talking about owning an exclusive Ferrari. When you get into the ultra-exotic market levels like this, your target buyers aren't generally as affected by economic fluctuations like at other levels. | ||
| Dale W Spradling (Drtax)
Junior Member Username: Drtax Post Number: 150 Registered: 4-2003 |
What I'm interested in is how many Enzos have really sold for 2 times sticker? The 90s are in your rear view mirror. Are there really that many fools, ah, I mean, buyers who have $1MM+ burning a hole in their pocket? It appears that the insane car buyer world is not as big as it used to be. Plus, as James has repeatedly pointed out, there's a lotta nice cars out there.. | ||
| Vince (Manatee)
Junior Member Username: Manatee Post Number: 248 Registered: 6-2002 |
I hope Ferrari has a long memory for these 'qualified' individuals when it comes to their next supercar application. It wouldn't surprise me if the next supercar returns to the sold on a lease only scheme. | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1079 Registered: 3-2002 |
Here's my understanding of how the process worked, and if I'm wrong or omitting something, somebody please fill in: Dealerships were given an estimate of how many Enzos they would receive, and they were in turn told to submit applications of their customers deemed most worthy to receive a car from the factory. Ferrari then made final determinations as to who would get the 399 Enzos. The ads you see are from exotic dealerships, not Ferrari shops. For instance, Black on Black in Beverly Hills has four advertised. Still, would this not have originally involved the willingness of four individuals, all of whom were "qualified" Enzo recipients, to peddle their cars? I just remember reading in the past how much Ferrari looks down on that, which makes it hard for me to believe that they don't seem to care this time around. I know that they've held such practices against owners and threatened to use it as a means to disqualify them from future purchases. | ||
| Tyson Hall (Trhall)
Junior Member Username: Trhall Post Number: 117 Registered: 6-2003 |
Notice it is not private sellers who have these cars. They were purchased from Ferrari dealers for 300K over sticker by dealers who would otherwise not get one. Now the dealers that do have them are asking 1.3-1.5 The Europeans however are more reasonable in price I have seen some from 780Euro-850Euro. | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1078 Registered: 3-2002 |
But isn't this exactly what Ferrari didn't want to happen with the F50? A lot of these regular clients would have had to flipped their Enzos for the quick profit. Is the factory going to keep a s**t list for future releases, or do they not care about this anymore? | ||
| Ernesto (T88power)
Intermediate Member Username: T88power Post Number: 1585 Registered: 2-2001 |
All those Enzos are being sold through the second hand market. Ernesto | ||
| Jack (Gilles27)
Intermediate Member Username: Gilles27 Post Number: 1073 Registered: 3-2002 |
I was curious how people feel about the "scalping" of Enzos. The reason I ask is because it seemed like we were told originally that every model was spoken for, and the factory then agreed to add 50 more cars to the line to satisfy demand. Now, you see dealerships offering multiple Enzos at double the sticker price. I'm not dumping on free enterprise, but I did hear of scenarios where a dealership couldn't satisfy multiple "worthy" clients, but meanwhile others have a surplus. |