| Author | Message | ||
| Collin Hays (Chaysintexas)
Junior Member Username: Chaysintexas Post Number: 140 Registered: 4-2002 |
I don't buy Mike B's idea that when a new Ferrari comes out, all of the other, earlier year models of same/similar engine/hp are each worth less. If that were always the case, I would be buying a Lusso or GTO for, oh, say a few $ thousand. And how about Dinos, direct descendants of the 308GTS? (Ever noticed how similarly the cars are shaped?) The Dinos are fetching $70-$100K + depending on the example. Twice or three times what the later model 308's are fetching. It's all about demand. If Ferrari nuts want the 348, then count on it going to $100K or more. Same for any other model. Makes no sense to me, but what does good sense have to do with anything? | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2171 Registered: 10-2002 |
L. This link is a place to start. http://www.ferrarichat.com/discus/messages/271551/286260.html?1058988660 As for P4 replica's there is a Co. in the UK that makes a good Ferrari based one that one Fchatter Mark Collins is building up. It looks very good. As for GT 40's there is a good site that goes into them. GT40's.com. In europe there several co's that make good replica's both as turnkey and kits. I think the choice more depends on the vehicle laws of where you live. GT40 link http://www.gt40s.com/ubbthreads/postlist.php?Cat=&Board=UBB1 Best | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 79 Registered: 5-2003 |
James I didnt call your p4 or mk-IV fakes, its that I would like to have a p4 or gt40 repoduction since I dont have the means now to afford the real thing, in case they were repoductions then I would have liked to know where to find such cars or parts. Is the P4 chassis the only thing you have or do you have more original parts? | ||
| Russ Turner (Snj5)
Member Username: Snj5 Post Number: 338 Registered: 2-2003 |
Off topic, but.... The A6M Zero had little to do with the engineering of the P-51 Mustang, other than providing a performance benchmark. While the magnificent Merlin added the high altitude capability, the engineering brillance of the P-51 is the innovation of the laminar flow wing, not used on previous production fighters. The popular belief at the time was that the A6M was a copy of a Northrup design, also a misperception. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2165 Registered: 10-2002 |
L. If you search the site you'll find many pics and discussion of my P4. It's quite real chassis 0846 as is my MK-IV chassis J6. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 78 Registered: 5-2003 |
Terry, the u.s.a. "found" a jap. zero took it apart and built american history out of it. If you want to know more about the mustang then look closely at Edgar Schmued who worked for Willy MESSERSCHMITT, not so all north american engineers. This another story talks how the mustang was heavily influenced by the BF 109. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 77 Registered: 5-2003 |
James how did you get your hands in that chassis? Did you build it? Are you building a recreation? I would like to have a p4 or gt40 recreation. I bet your MKIV its a lot of fun. | ||
| Terry Springer (Tspringer)
Member Username: Tspringer Post Number: 672 Registered: 4-2002 |
Uhhhhhh the North American engineers who designed and built the P-51 had nothing to do with any Mitsubishi A6M aircraft. The zero had no influence on the Mustang at all. The original Mustang was actually something of a failure. It had an Allison un-supercharged engine that killed high altitude performance. It was only later when it was upgraded to the Rolls Royce Merlin engine that it morphed into the famous aircraft. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2156 Registered: 10-2002 |
L. It was a Lola. Ford bought Lola (the entire co.) and used the Lola GT as a basis for the GT 40. The Lola GT unlike the P4 had a monocoque tub and a Ford engine. They bought Lola when Mr. Ferrari (Thank God) refused to sell them Ferrari. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 74 Registered: 5-2003 |
James I saw a t.v. documentary about the g.t.40 about 10 years ago and some of the people invoved in the development of the car said that they took apart cars of other makes to understand them so they could build an equal or better car. My memory was of the p4 or a lola or porsche , Im not sure of which, but I do remember that it was from endurance racers. Anyways if we did it with the japanese zero fighter to build the much better mustang then why couldnt it be possible with just a car? And theres not much in common when looking at both planes. | ||
| Charles Brading (Austin308)
New member Username: Austin308 Post Number: 24 Registered: 6-2003 |
Depreciation on your Fcar. When I bought my car I wasn't worried about this issue. To drive these cars now thats where the value is. Put a $ on that rush you get driving these cars. Not worried about what it will be worth more concerned when I can get back behind the wheel. My 308 is already worth more than i paid for it and don't really care. I do have trailer and will pickup all the $0 Fcars that are out there. Will even buy you dinner. | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1467 Registered: 11-2001 |
san berdoo? paging doctor rosenrosen..... doody. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2145 Registered: 10-2002 |
Bart The trick, as you well know, is to drive and enjoy them. San Berdoo... It's been a while.  Henryk I should have added a to "a bit more". The ocean front land I spoke of is now worth 2 million +. L This is my P4 chassis. Below it is my MK-IV chassis. Still think Ford reverse engineered the MK-IV chassis from Ferrari?   | ||
| Bart Duesler (The_bart)
Junior Member Username: The_bart Post Number: 230 Registered: 1-2003 |
James, San Bernardino has no beach front property. It is all beach but no ocean. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 73 Registered: 5-2003 |
Kuzi, if that was true then does mankind goes about not learning or knowing anything? So a caveman could of have design or built a combustion engine? Because if not knowing anything at all is the key of progress then why do we have to learn new things for, just to forget a second after because learning is counter productive? To make this short then that means that God is the most stupid and ignorant thing in all of creation... could you help me understand the meaning of it. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 72 Registered: 5-2003 |
james I got the info of some gt40's with ferrari motors out of an article from a newspaper, that they are wrong or right its not my b.s., but the newspaper. By the way I have come to see that even when someone is right there are some that still think that one is full of it, so I have come to the conclusion that I rather read and go on than to get into another argument that will not end. I didnt believe the article anyways, but any person that searches for the right answers will know that the ford was design using reverse eng. Who was the clown that got talking about the all american space program that landed the astronauts in the moon? "All american" yeah right ... My favorite one yet is the one that Cristobal Colon was italian and that the italians discovered the new world, now thats major B.S. | ||
| Henryk (Henryk)
Member Username: Henryk Post Number: 963 Registered: 8-2001 |
James: You obviously have the figures reversed, regarding the value of the lake front property.......right? | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2143 Registered: 10-2002 |
Bart About 15 years ago I bought a new TR for 123k put about 120k into it Gas, oil, insurance, service, drove it for 115k miles, loved every one and sold it for 23k. About 20 years ago I bought one acre of water front land for 250k. Still own the land it's now worth a bit more than 23k... IMHO production cars are not water front land. | ||
| Bart Duesler (The_bart)
Junior Member Username: The_bart Post Number: 229 Registered: 1-2003 |
My sweet 550 is one of 3,715 made. I guess it is a mass producted model. As time goes on, more and more of the 550s will disappear from neglect and accidents. I did not buy it in hopes its value would go up. I purchased it to drive it into the ground. Anyone who thinks a sweet V-12 will be worthless someday needs to buy some beach front property in San Bernardino. | ||
| axel wulff (Axel)
New member Username: Axel Post Number: 20 Registered: 5-2003 |
Mike B has mentioned an interesting point, that if I may.. try and expand on and formulate. (as the world population continues to increase and is getting older, with an equivalent ratio of motor heads that have an increasing disposable income ..., Plus a steady decline in the number of older Ferraris (attrition).... this should = stable older Ferrari prices) The demand may even exceed the supply.... Regards axel | ||
| Augustine J. Staino (Azzuro328)
Junior Member Username: Azzuro328 Post Number: 148 Registered: 4-2003 |
Matt, I'm so proud that my car made the front page of The Daily Shyster! Maybe it will be featured in The Onion next. LMAO! -Augustine | ||
| arthur chambers (Art355)
Intermediate Member Username: Art355 Post Number: 2170 Registered: 6-2001 |
They start the day you take them out of the showroom floor,unless its a very high dollar, rare car. For 99.9% of us, we'll lose money if we bought for an investment. They are cheap on depreciation to drive, but not free. | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1464 Registered: 11-2001 |
when you say "we will take most of the money back" do you mean (A) all the money paid and put into it over 10 years, or do you mean (B) if you pay $150K for it today, in 10 years you could get $150K for it? (B) would still entail some non-trivial depreciation given inflation over 10 years. i don't see how (A) is possible, unless it's an ultra-rare (250 GTO, etc.). it's an interesting theory. there's plenty of historical data for 10- year timefrmaes --- do the numbers in fact bear this theory out? doody. | ||
| Vincent (Vincent348)
Member Username: Vincent348 Post Number: 916 Registered: 4-2003 |
Mike, I think you're right on for the 348's but a little low on the 355 range. I'd say most, including the later model years are in the 80-100...a few stragglers aside of course. There are always some that are had for more or less on price range. Vincent. | ||
| gian maria traversone (Giamma)
Junior Member Username: Giamma Post Number: 74 Registered: 10-2002 |
For low depreciating car, I believe in the following list: - Ferrari ( the less depreciating brand of all) - avoid 2+2 ( as more inconfortable and extreme the car is the less it depreciate) - no more than 1500 units built. - Nice design - big noise (mainly press noise)when it came out _ no mayor mechanical recals - avoid strange colors.. - give it good maintenance - do not put aftermarket products on the car ( even if it look better or more powerful) I am almost sure if we follow these steps, after 10 years even with some heavy miles on it we polish the car the redo details in the interior , and we take it to a respectable sport car focused kind of auction and we will take most of the money back. Just my opinion examples: 512M, 246 gts dino, 275 gtb, 355 fiorano, and then ofc ourse daytonas, GTOs GTCs SWBs ect.., ec GM | ||
| Terry Springer (Tspringer)
Member Username: Tspringer Post Number: 670 Registered: 4-2002 |
Just buy a Ferrari that will not depreciate. Im not expecting the Daytona to be some wonder investment..... but I will be surprised if it goes down significantly in value over the next 10 years. Look at Lusso depreciation over the past 3 years.... its something like negative 100%. Uhhhhhh that means its gone UP in value! How could that be?!?!?!?!? A really nice '73 Porsche 911S coupe is currently worth more than a 993. This is indicative of the key factor in future values for any car brand: numbers produced. A car with less than 1500 total produced, as long as its desirable in other ways (looks, performance, racing history etc) will be worth more than one mass produced. I would not be shocked if 25 years from now a glass 308 in perfect condition is worth more than a 360. | ||
| Yoshi Ace (Tiger_ace)
Junior Member Username: Tiger_ace Post Number: 152 Registered: 5-2003 |
Bob D, yes, I am more humble on Ferrari as I consider myself a beginner, and have tendency to believe most of things I read here. Thank for your guidance. Dave-sama, thanks for PM. I am putting the car in a shop tomorrow. | ||
| Mike B (Srt_mike)
Member Username: Srt_mike Post Number: 291 Registered: 12-2002 |
>>>>Mike, It's more like 30k to 50k between 348 and 355. Vincent.<<<< Really? There was a thread the other day debating the value of a 355, and the gist of it seemed to be that the car was worth around $80-85k. So can 348's really be had for $30-50k? That's less than I had thought. I was going on 348's at 50-70 and 355's from 70-90. | ||
| Kuzi (Kzma)
Member Username: Kzma Post Number: 311 Registered: 3-2003 |
L: "True knowledge exists in knowing that you know nothing" | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2136 Registered: 10-2002 |
L. You're so right. In another thread someone stated that Ford reverse engineered Ferrari's when they built the original GT40 and that they tested the original GT40's with Ferrari engines. Oh...that was you. | ||
| Dom Vitarella (Dom)
Member Username: Dom Post Number: 328 Registered: 11-2002 |
I see several in this thread have stated their beliefs that the 308 GT4's will increase in value. Therefore, I will now be putting up my pristine 1975 308 GT4 with 25000 miles for the sum of $10,000,000. Buy it now, while it is still cheap, and prices appreciate even further. | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1459 Registered: 11-2001 |
Testaroja - there is absolutely no right answer to the questions being discussed here. there are some wrong ones, but no single right one. if you have a theory, opinion, idea, or comment, please make it and join in the discussion. the more the merrier. that's the whole point! if you think some of the theories, opinions, ideas, and comments are BS, then call the BS out and let's clear it up. doody. | ||
| L. (Testaroja)
Junior Member Username: Testaroja Post Number: 70 Registered: 5-2003 |
The more I read F chat the more I see that almost everyone doesnt know anything or if not they make up a lot of B.S. | ||
| Vincent (Vincent348)
Member Username: Vincent348 Post Number: 914 Registered: 4-2003 |
Mike, It's more like 30k to 50k between 348 and 355. Vincent. | ||
| Vincent (Vincent348)
Member Username: Vincent348 Post Number: 913 Registered: 4-2003 |
Buy one, drive it, enjoy it, keep it or trade it, and get another. That's the goal. Don't worry about the next guy! Oh...and...if you don't drive the piss out of it once in while how are you going to know aht a special thing you have? Vincent. | ||
| Mike B (Srt_mike)
Member Username: Srt_mike Post Number: 290 Registered: 12-2002 |
Two thoughts... First, as newer and newer cars come out, they will depress the upper limit for the cars. The 308 will always be less than the 328, which will be less than the 348, which is less than the 355, which is less than the 360. In 3 new model generations, the 308 will fall again that much more. At the bottom end, you have people who want into a Ferrari keeping the low end propped up, and the parts value keeps it up also. Eventually what you get is a closer spacing of price. Right now there is maybe a $60-70k difference in price between a 355 and a 360 (maybe more), but only maybe $20k between a 348 and a 355. That spacing will get closer and closer. Eventually cars reach some bottom level of value (during this time, many of them get bought and trashed, crashed, sold for parts, etc). After this period, the price will go up again a bit usually. For example, Corvettes. I'd say the early 80's cars are the least valuable Vettes right now. Go back to the 60's and 70's and values go up. Go forward to the 90's and 00's and the price also rises. The second thought is that where there is a market need, there will be products to fill that need. They are making a LOT of 360's. Someone, somewhere will come up with an aftermarket computer program or something to allow you to do what the dealer does to your 360. Right now the market is almost zero - most 360's are under warranty or at least valuable enough that their well heeled owners take them to the Ferrari dealer for service. In 40 years when a 360 is $30k (in today's money), people will be working on them themselves and lamenting the new cars technical jackassery in favor of the classic simplicity of their vintage 360. | ||
| RS Biomedical (Rsbiomedical)
New member Username: Rsbiomedical Post Number: 50 Registered: 9-2001 |
If you worry about Ferrari depreciation it�s a safe bet you suffer Ferrari depression as well. | ||
| rob guess (Beast)
Junior Member Username: Beast Post Number: 110 Registered: 5-2003 |
But it might be the first casino where there is a group of slots marked "Win a Ferrari". While it is true that the price of Ferraris are going down then stabilize once they reach a price point. Eventually they will start to go up in value again as the parts cars and the daily drivers get wadded up. Just my honest opinion | ||
| Stephen E. Schroeder (Seschroeder)
Junior Member Username: Seschroeder Post Number: 67 Registered: 4-2002 |
Rumor has it the Steve Wynn will have a Ferrari dealership in his new hotel/casino in Las Vegas (the "old" Desert Inn I believe). Anyone care to guess what they will ask for the cars? | ||
| DES (Sickspeed)
Senior Member Username: Sickspeed Post Number: 5446 Registered: 8-2002 |
Oh, if i had a Ferrari... Before 5th gear went on my Saturn, i was averaging 1,000 miles a week, putting between 400-600 of those miles on during the weekends... If i had a Ferrari - any Ferrari, doesn't matter which one - i'd probably double - maybe even triple - those numbers... i'd still live in the same apartment i'm in now; wouldn't need a bigger place, 'cause i'd never be in it; i'd always be driving the Ferrari... All my money would go towards gas... Paint chips...? The whole front of my car would be gray... i get into it with the Saturn, i can't imagine how obsessed i would be with my own Ferrari... i'd probably sleep in it... | ||
| Lou B (Toby91)
Junior Member Username: Toby91 Post Number: 242 Registered: 4-2001 |
BobD: Think of your Fcar as a beautiful Italian mistress. You wouldn't just look at her would you? | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1394 Registered: 3-2001 |
| ||
| dave handa (Davehanda)
Intermediate Member Username: Davehanda Post Number: 1374 Registered: 5-2001 |
Good for you man! But 400? I do that in a weekend. I've put on over 6,000 miles this year. Wear the miles (and paint chips) as a badge of honor. Enzo would have wanted it that way. :-) | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1393 Registered: 3-2001 |
Dave, the beauty of not driving it is that you DON'T have to wax it! Besides, I've already driven mine more than 400 miles this year! I'm a driver, man, I'm a driver! | ||
| Rob Lay (Rob328gts)
Board Administrator Username: Rob328gts Post Number: 5677 Registered: 12-2000 |
BobD, you drive your car plenty. Which car would run better though? Yours or one that's started once every 4 months? I think that's all the rest of us were saying. Drive your car for it's fun and healthy for the car. Whether that is 1k, 3k, or 10k a year. 100 miles a year is bad. | ||
| todd montandon (Sllade)
Junior Member Username: Sllade Post Number: 139 Registered: 7-2003 |
hey don call me real quick todd 619 440 5612 i need to ask yopu a quick question | ||
| dave handa (Davehanda)
Intermediate Member Username: Davehanda Post Number: 1373 Registered: 5-2001 |
BobD, I don't believe anyone is saying that the car will fall apart if not driven, only that not driving it does not preclude regular maintanence; so you might as well drive it some. I believe you may actually be trying to justify your (possibly) not driving YOUR car much. Me? To each their own; but I get my pleasure from driving my 328 as much as possible, not from waxing it and looking at it in the garage... | ||
| "The Don" (The_don)
Senior Member Username: The_don Post Number: 6200 Registered: 8-2002 |
 | ||
| William Henderson (Billh)
Junior Member Username: Billh Post Number: 66 Registered: 5-2002 |
"This is obviously how they justify their higher mileage cars." Justify? whats there to justify? we friggin drive em' and love every mile we put on. some of us dont want to put them in our livingrooms or feed them to mice worrying that it holds some kind of resale value. | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1390 Registered: 3-2001 |
Yoshi, don't believe everything you read on F-Chat. This is nothing more than a place where people write their opinions. There are some here who believe that if you don't put at least 10,000 miles per year on your F-car car, it will fall apart and die. This is obviously how they justify their higher mileage cars. This is also pure bunk. Ferrari's like every car will eventually wear out no matter how well they're maintained. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2126 Registered: 10-2002 |
Ken That's the prob. You have to do that to yourself Total $ per mile? IMHO $2.5-$3. per mile. | ||
| Steven R. Rochlin (Enjoythemusic)
Member Username: Enjoythemusic Post Number: 612 Registered: 4-2002 |
Hmmm... we also need to factor in TCO and PVM. The Total Cost of Ownership (upkeep/servicing) and Present Vale of Money. Just because a car is worth $60k today and worth $60k in five years means little as one needs to factor in the price of operation/service over those years and also the lost value of what $60k is at today versus $60k five years from now. Imagine a $150k home five years ago. What is that home worth today? (on average). There are other factors, those these are two obvious ones i am sure you are all aware of. Enjoy the Drive, Steven R. Rochlin | ||
| Ken (Allyn)
Intermediate Member Username: Allyn Post Number: 1075 Registered: 10-2001 |
James, I like your math. I'll go to my Ferrari dealer and he'll give me both the TR and a check for $10k. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2125 Registered: 10-2002 |
TR after 100K miles Engine rebuild 30k Trans 10K Fix rust 10K Redo dash fix seat leather 3K Etc 20K (Suspention, shocks, brakes... Value -10K (+23-73+40) (Value without work, cost of work, value when done) | ||
| Yoshi Ace (Tiger_ace)
Junior Member Username: Tiger_ace Post Number: 148 Registered: 5-2003 |
I'm confused! If F-car (production models) runs over 100,000 miles (or anything close), the car has practically no value??? I thought Ferrari engine is durable as long as you took care of it. "A well used high volume production Ferrari as Doody says will be worth $0 after about ten years as the cost to restore it will excede it's value." by Jack G. I think what you are saying is if a F-car has over 100K miles, you need to replace engine, transmission, etc, then the cost of replacing these parts will exceed the current value of a car. That doesn't make sense to me. I thought if you spent, say $40K to replace everything, the car's value will go up, not full amount of what you spent (in this case $40K). For example, the car's value was $20K, wouldn't it be like $50K after the repair? Come to think of it, I never saw any F-car w/ 100K miles before. Where did these high miles F-cars go? I once saw all old used jets abandoned in AZ desert in a magazine. Is there any place like that in the USA for Ferrari? (half serious, half joking here) | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2123 Registered: 10-2002 |
Nick we're talking 10 years from now. IMHO 360's with 100k miles 10 years from now will be parts cars as was my TR after 14 years and 115k miles. The computer's will make them more so. When the warantee is up in my F1 Maser I'm selling it. | ||
| Nick Berry (Nickb)
Junior Member Username: Nickb Post Number: 121 Registered: 8-2002 |
Sorry, Tom's argument is faulty. He fails to take into account that the Ferrari's of 360 etc. have a better build quality and are made to be easily serviced compared to past model. Today if you take your 360 in they plug it into the computer and it reads present problems and identify's possible future problems. The computer also indicates the appropriate fix, the parts and service time. If anything today's Ferrari is easier to drive for a longer period of time and easier to repair. The only thing that has not changed between current and past models is the price of repairs.  | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2122 Registered: 10-2002 |
Tom is also right. Those are the ones to keep for low cost enjoyment. | ||
| Ken (Allyn)
Intermediate Member Username: Allyn Post Number: 1072 Registered: 10-2001 |
Doody is right; that's the trend for all cars and not just exotics. Know what a pristine Ford Pinto sells for? Don't ask... | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1454 Registered: 11-2001 |
although the parts argument is not specious, you have to look at the bigger picture. if there are 1,000 "X" cars and over time 10% of them get the snot driven out of them, and 10% are garage queens, then that's suddently 100 parts cars to service 800 vehicles. the cars most in need of parts will be the few hundred who are driven hard, though perhaps not to that 10% bottom "snot" level :-) and those guys aren't going to be willing to pay top dollar for parts. the top end 200 cars below the garage queens won't be in any great need for parts. you end up with 100 parts cars for 200 cars that won't pay big money and maybe 400 cars that might pay real money - and the trend just continues, pulling the top of the bell curve down to make it flatter and flatter over time, until you end up wtih all the cars being either parts cars or garage queens (a logical extreme, not necessarily a real one, but you get the point). the net effect is that the cars will CONTINUE to depreciate until they reach some very small number, maybe not zero, but small. one man's opinion. "if you can't afford the depreciation then you can't afford the car" --- Mr. Doody doody. | ||
| Tom Bakowsky (Tbakowsky)
Member Username: Tbakowsky Post Number: 489 Registered: 9-2002 |
The 360 will be the car that is worth zero. Any older car that cannot be partly serviced by the owner, requires a scan tool to set up the clutch(f1), generaly has way too much tech in it, will fall in price rapidly. Just look a 745-750i BMW. Heck even the 850i. Any one of those cars are very difficult to sell on the used car market. Why? because know body wants to put up with the headaches after the thing is out of warrenty. Thats why you can buy either one of these cars in the $16k to 24k price range. And they still clog dealer lots. The BMW dealer beside my shop has 6 850i BMW's and can't sell them, even through the auction!! So he's stuck with them. They might become delivery vehicals. Not to give the owners of 360's a bad feeling or anything, just be thankful your car still has a warrenty, and after it's up get rid of it and grab a new one. The older cars that are basic and easy to repair, and the parts are realtivly inexpensive will always be in demand, because they are more managable to own for the enthusiast who does not earn enough to beable to afford a new car. The 308,328,GT4 etc will start to climb in price very shortly. You guys with these cars hang on to them, because there are very few nice ones out there that are worth fixing up. Keep the car nice and watch what happends to the prices. | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2120 Registered: 10-2002 |
| ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5330 Registered: 5-2001 |
I knew what you meant James! | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2118 Registered: 10-2002 |
Martin They retain some value for parts but that's about it. I realize TR's are very high cost to maintain but mine after 115K miles went for 23K. Compared to the one you have for sale with much lower milage and no rust I guess I did ok. I'm talking about WELL used 100K miles +. Best | ||
| Ken (Allyn)
Intermediate Member Username: Allyn Post Number: 1071 Registered: 10-2001 |
The theoretical "zero" price is the parts car price. A running Ferrari will never be worth zero. The cheapest Ferrari today seems to be the Mondial 8 which can be had in 'not awful' condition under $20k. To me, it seems the GT4 has become more popular of late as they are now almost always over $20k for a decent example. These prices should be stable or go up; if a Mondial 8 ever went to $10k I'd own 2. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5324 Registered: 5-2001 |
James, if that is the case I would like to take a whole bunch of those for free please | ||
| James Glickenhaus (Napolis)
Intermediate Member Username: Napolis Post Number: 2117 Registered: 10-2002 |
A well used high volume production Ferrari as Doody says will be worth $0 after about ten years as the cost to restore it will excede it's value. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5321 Registered: 5-2001 |
10 years about. After that they lose only minimal value! 348, 328, 308 prices are stable since the last years. 348 Spider still a little slipping. I think they hit rock bottom now and are stable at about $60K. | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1452 Registered: 11-2001 |
in all seriousness, is this a trick question? these things will depreciate to zero. hopefully a LOT more slowly than, say, a buick regal or a honda civic, but the target is zero. irrational market peaks aside, i assume that if you graph the value of any out-of-production, high-volume f-car (355, 348, 328, 308, etc. etc.) over time, the slope of the resultant curve is as one would expect. doody. | ||
| Kuzi (Kzma)
Member Username: Kzma Post Number: 307 Registered: 3-2003 |
With this economy...............NONE! | ||
| gary green (Minuke)
Junior Member Username: Minuke Post Number: 67 Registered: 7-2003 |
How old does a Ferrari have to be before it stops depreciating. I am talking about production models. Do not include ( 288gto, F-40, F-50, Enzo) you got the picture. What pre-owned F-car can I buy today that will be worth the same amount in 5 year's.( remember production models only) | ||
| Anonymous |
poker casino poker 290 |