| Author | Message | ||
| "The Dave" (Sparetireless)
Junior Member Username: Sparetireless Post Number: 141 Registered: 1-2003 |
New, actually, 1 owner 360 spiders are about $245 to $250k in LA, like it or not. It was lower in the spring but now prices are on fire again. Coupes are going for about $15 over sticker. | ||
| "The Dave" (Sparetireless)
Junior Member Username: Sparetireless Post Number: 140 Registered: 1-2003 |
Gallardo will not be a competitor, up close they are not so hot. Also zero racing history, zero used in competition. It does have 4x4 and 500 HP> so what. | ||
| dave handa (Davehanda)
Intermediate Member Username: Davehanda Post Number: 1510 Registered: 5-2001 |
spiders are still in high demand and short supply, which means $$$ for now. But prices have fallen from a year ago. I think true selling prices are closer to $210k or so depending on year, mileage, etc. | ||
| Chris Horner (Cmhorner17)
Junior Member Username: Cmhorner17 Post Number: 235 Registered: 4-2002 |
Is the 360 Spider still a super hot item? The local dealer here has one on the floor with a $234,000 price slapped on it! It seems the tags on their other pre-owned cars is kinda steep too, but I'm not enough of an expert to be able to completely tell. I'm with Mario - the dealers are still sticking some steep prices on their goods. But then I see cars like what Martin has that are priced reasonably and it makes me scratch my head. | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1998 Registered: 1-2001 |
I'm not a big "wrong-version" fan either. I'd be surprised if you don't get some action on your (very fair IMO) offer soon. There just aren't that many used car buyers willing to put out 6 figures for a 4~5~6 year-old used car nearing/needing a major. Am I wrong? Martin -- would a supply of 550s at $125K be easy money for you? And Coach -- Are you trying to collect 1 each of every 12 cyl GT!? | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 335 Registered: 5-2002 |
Steve, I have also excluded Euro cars...just don't want to mess with them. Maybe that is wrong, since they are very good cars and yet...since there is no warranty, why wouldn't a dealer want to work on one? | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 333 Registered: 5-2002 |
No Steve, but a lemans blue 1997 with some 10 K miles sold on EBay for 113,000 on absolute auction, i was in touch with its seller for a long time, he even offered it to me if the buyer did not come through with cash, but the buyer did. The car did not have the colors I wanted. I still want one, but I have had want ads stating a 120 to 135 range and no responses. Dealers want 150 to 175....ouch | ||
| Steve Magnusson (91tr)
Intermediate Member Username: 91tr Post Number: 1996 Registered: 1-2001 |
Coach I -- too high! -- I want to get mine for 100  Seriously, are you saying that there are a bunch of $120K or less un-decent 550s out there? | ||
| Dr. I. M. Ibrahim (Coachi)
Member Username: Coachi Post Number: 332 Registered: 5-2002 |
perhaps we may be exaggerating somewhat. I have tried to find a decent 550 for 120....no luck yet..anyone know where one is? | ||
| Sean F (Agracer)
Member Username: Agracer Post Number: 316 Registered: 2-2003 |
All I can say is I am definitly benefiting from this drop in prices. Asking Prices for a 30,000+/- mile carb'd 308 in good condition with records and maintenance hitory have dropped slowly but surely over the last 8-months. I saw cars advertised for $30,000 back in January, and similar cars (color, miles, etc.) now have asking prices closer to $27,000. The 308 market is getting close to bottom IMO and this is good for me since I've still not found what I want. While $3000 doesn't seem like much, it's still 10% of the price or $$ for a major service that the car may need in a year or two. | ||
| Faisal Khan (Tvrfreak)
Member Username: Tvrfreak Post Number: 747 Registered: 3-2003 |
Chris, excellent, excellent point. I am looking forward to picking up a slightly used and heavily discounted Aston Martin V8 and Bentley GT in a few years. | ||
| Chris A. (Asianbond)
Junior Member Username: Asianbond Post Number: 143 Registered: 5-2002 |
Considering the pending onslaught of the Gallardo, Pagainis, Ford's GT40, Porsche's Carrera GT, GT3, GT2 and plain vanilla Turbos & 996, the Mercedes sl55 and new gullwing car, the Bently Continental GT, Ferrari's Enzo & Stradale, BMW 6 Series and various other high price to obscene price exotics. The big question is are there enough car fanatics in the US to absorb all this supply. I think it is quite unprecedented and would not be suprise in a major price crash in this segment. | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1418 Registered: 3-2001 |
It's interesting to see which F-cars are most affected by the economy. There are two kinds of people with money in the world. One group has high salaries with a lot of disposable income but no "major" $$$ in the bank. Examples of these are the guys financing 355s and 550s. This group gets hit hard when the economy goes south, their income falls causing a glut of 355's and 550's and prices drop accordingly. Then there are the people who are truly "wealthy" with $MIL's in the bank. These are the guys who own (cash) the mega exotics (Enzo, F50 for examples). The economy doesn't seem to effect them in the same way. Prices of the mega-exotics have remained pretty stable. Then there are the lower end cars which will always be desirable because they are truly cost-effective (308, 328, etc.). Prices of these cars have dropped but by much smaller percentages because they are very affordable to a greater number of people. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5567 Registered: 5-2001 |
Pat, Dan is right on! 86 least desirable year. Low miles though. | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1551 Registered: 11-2001 |
mark - there are lots of threads re: 550 pricing. personally, i think it's a tad irrational, but, hey, i don't complain 'cuz i didn't have to take the six-figure depreciation haircut. i just said "thank you" and drove off, on my merry way. IME, maintenance costs on a 550 are the same or less than on a 355. no engine-outs, but more cylinders to deal with, for sure. much better access to the mechanicals, etc. etc. not sure "made too many" holds water. they made about 3,700 of them from MY 1997 to MY 2001. of those, apparently 1,075 +/- 100 are in NA. for comparison, MB has apparently been producing nearly this number (just under 1,000) of SL55s per MONTH for the worldwide market (talk about a price crash waiting to happen!). the other thing to keep in mind is that MOST ridiculously expensive cars DO depreciate painfully like this. talk to rolls and bentley fans. those things lose six figures the second they drive off the lot - not a few years out. doody. | ||
| Dan Gordon (Ferruccio)
New member Username: Ferruccio Post Number: 46 Registered: 2-2003 |
Pat NADA says your car is worth 37,000. Mark I think the market is just to over croweded. There are to many exotics out there. And most people (not me) want the newest fastest car out there. Also the econemy isn't great. | ||
| Mark (Study)
Member Username: Study Post Number: 630 Registered: 10-2001 |
I don't understand the 550's How can a new car go from $220k to $120k ? are people afraid of higher maint. cost on a 12? Or is it the non-exotic look? Made too many? | ||
| Pat Martin (Patm)
New member Username: Patm Post Number: 25 Registered: 2-2001 |
So what is a clean 1986 328GTS with 38.xxx miles worth? | ||
| Dan Gordon (Ferruccio)
New member Username: Ferruccio Post Number: 45 Registered: 2-2003 |
I think in the next year or 2 used f-car prices will sink to an all time low. With the Austin martin v8, Gallardo, and the Gt-40 comming out prices will plumit. Then everyone will pull out of the overcrowded market and prices will level off. | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 2560 Registered: 4-2002 |
THANKS ELI FOR THE INFO MARTIN I LOVE THE CAR, ITS PRISTINE, YELLOW AND BEAUTIFUL..HES ASKING RIGHT NOW 88K... HES MOVING TO CALIFORNIA, SO WE WILL SEE... MAYBE ILL WAIT, I HAVE 3 KIDS TO PUT THRU COLLEGE, AND THEN HOPE I CAN BUY A 360 SPYDER, OR WHATEVER # IT WILL BE... THANKS, BRUCE | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5565 Registered: 5-2001 |
Bruce the year will play in a little but not that much if you ask me. Low 80s is the best he can hope for. | ||
| ELI (Titanium360)
Member Username: Titanium360 Post Number: 547 Registered: 4-2002 |
I think that the 360 market is still holding on stong specialy the Spiders. Bruce, last year i sold my 97 355TB with 17K miles for $94K when the market was still a bit strong on the 355's . | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 2558 Registered: 4-2002 |
MARTIN NEGLECTED TO SAY IT IS A 1998 | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5564 Registered: 5-2001 |
We finally see the market correction we all knew was coming. 355s are not worth $50K more than a 348. $20K maybe but not $50K. So finally we are coming to realistic numbers. 360s will be down now and come to where they should be $ 120s by the end of the season, my guess. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5563 Registered: 5-2001 |
Bruce: Without telling you he is high or low, I had a 21K Miles F355B with no 30K done and lots of options for $ 79,000 asking and could not get an offer. Finally sold it as a lease and will get it back in September with 26K Miles, then I will do the major and sell the car for $ 73,900? | ||
| Mr. Doody (Doody)
Intermediate Member Username: Doody Post Number: 1550 Registered: 11-2001 |
toby91 - i've gotten calls like that before. for me, it has always coincided with the salesperson i dealt with moving to a new outfit. refreshing his/her contact lists and just getting his/her name in your head again. but the market is definitely soft regardless - no question about it. doody. | ||
| Mario B (Lawwdog)
Junior Member Username: Lawwdog Post Number: 93 Registered: 12-2002 |
It is a bit of a buyers market. I ended up finding 5 F355's and all but 2 of the owners were aware that the market is not in their favor. F-car dealers on the other hand...are a diferent story. Ferrari of San Francisco is still very high and showed no sign lower prices on their cars. | ||
| Kds (Kds)
Junior Member Username: Kds Post Number: 97 Registered: 5-2003 |
The market up here in Canada for the more expensive (read newer) Ferrari is very soft right now.....some might almost say "nonexistant" if they are to be believed. Prices are off 20% on average. The Porsche dealer where I live has about 15-20 996's in stock...one of them is almost 2 years old now. | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1417 Registered: 3-2001 |
More cars on the market = Less demand = Lower prices. Pretty simple economics. If the demand were still high, prices would be high as well. Times are still tough, there are a lot of people who had to dump their fun cars to get out of debt which created this glut of cars causing the price drop. | ||
| Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr Post Number: 2557 Registered: 4-2002 |
MARTIN THERE IS A GUY RIGHT HERE IN MY TOWN THATS SELLING HIS 355B, ORIG OWNER , MAJOR 30K NOT DONE, 19K MILES, EXCELLENT CONDITION FOR 88,000.00 YELLOW/BLACK..GOOD PRICE ?? THANKS, BRUCE | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5561 Registered: 5-2001 |
I can not say there is less demand. There is more cars in the market and that has depressed prices but not less demand. | ||
| Martin - Cavallino Motors (Miami348ts)
Senior Member Username: Miami348ts Post Number: 5560 Registered: 5-2001 |
yes! | ||
| BobD (Bobd)
Intermediate Member Username: Bobd Post Number: 1416 Registered: 3-2001 |
I don't think there's any doubt the market is VERY soft... and has been. Look at what's happened to prices in the last couple of years... they've plummeted on many models (348, 355, 550, TR). Less demand means lower prices. It's definately a buyers market right now... great time to be buying an F-car. | ||
| Lou B (Toby91)
Member Username: Toby91 Post Number: 251 Registered: 4-2001 |
Got a call from a F car west coast dealer where I bought my 512TR 6 years ago asking if I was in the market for anything. This never happened before and caused me to wonder if it was an isolated incident or is the market getting soft? |