| Author |
Message |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 217
Registered: 8-2001
| | Posted on Saturday, June 22, 2002 - 11:04 am: | |
Martin and others,
Where are the best places to get a 360 Spider for $160,000?
Where is the best place to have the US Government junk done?
Thanks!
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Robert McNair (Rrm)
Junior Member
Username: Rrm
Post Number: 92
Registered: 5-2002
| | Posted on Thursday, June 20, 2002 - 5:32 pm: | |
That is my plan.Always buy when demand is LOW and sell when demand is HIGH. |
wm hart (Whart)
Member
Username: Whart
Post Number: 363
Registered: 12-2001
| | Posted on Wednesday, June 19, 2002 - 9:46 pm: | |
Wait until winter. |
Michael N. (Man90tr)
Member
Username: Man90tr
Post Number: 532
Registered: 4-2001
| | Posted on Wednesday, June 19, 2002 - 8:34 pm: | |
I may be wrong, but buying a TR for less than 50K will mean that you can expect to spend 10 - 15K in the first year. The impression I get is there is some correlation between asking price, condition and maintenance done. I have not met anyone who has spent upwards of 70 - 75K for a TR that spent tons of money in the first year or two of ownership, but I know lots of the others (low price and lots spent on maintenance). I have no empirical evidence just an observation. |
Stephen Patterson (Srpatterson)
Junior Member
Username: Srpatterson
Post Number: 222
Registered: 11-2001
| | Posted on Tuesday, June 18, 2002 - 7:49 pm: | |
Martin,
I think you're right about the delta between the TR and the 355. But do you really think the TRs will be below $50K? If so, when do you see this happening?
BTW...are you going into the T shirt business? |
sfulmer (98f355gts)
New member
Username: 98f355gts
Post Number: 11
Registered: 5-2002
| | Posted on Tuesday, June 18, 2002 - 5:12 pm: | |
When I bought my 355, I thought the prices were really high also (in comparison to the 348). However, several factors have kept the values high:
1) The 355 is a much more desirable car than the 348; in fact many people desire the 328 more than the 348. The 348 was not a very successful model which is why they don't cost much more than a 328 (sometimes less).
2) If you want a new/latest Ferrari v-8, the answer is the 360 - 360's go for 160-170k new and generally, no dealer discount is available. The spiders are selling on the secondary market for 250k+. Due to the high prices and waiting lists for 360s, the next logical choice is a 355. Buying a 355 for 110-130 is relatively cheap compared to the 360.
3) You also have to look at what the car cost originally - If I recall, the 89 328 sticker was in the upper 70's - now that car, with very low mileage, may be 60 or so. The 348 was 90 or 100k new, but does not have strong demand - so it's value dropped a greater percentage. I don't see the 355 (an excellent condition one) ever being lower than 80-90. The 355 is a 135-150k car when new - values of 50-60k seem totally unrealistic - unless the car becomes totally undesirable.
Therefore, I think the 355s will come down somewhat more, but as Ferrari retail prices continue to climb (base model 360 is 170k), it is rediculous to think that a 360 someday will fall to 60 or 70k. Generally, Ferraris seem to drop in value about 20-30% off of RETAIL PRICE - so long as the model is heavily in demand (355, 328, 550, testarossa not 348,456 - less successful models). There is definitely a relationship to original cost and, maybe more so, current model retail prices. |
Greg Owens (Owens84qv)
Member
Username: Owens84qv
Post Number: 431
Registered: 10-2001
| | Posted on Tuesday, June 18, 2002 - 4:23 pm: | |
Martin / Stephen...appreciate the input. |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2284
Registered: 5-2001
| | Posted on Tuesday, June 18, 2002 - 3:30 pm: | |
Without trying to split hair here, if the TS will come (and they will) under $50K, with your own caluclation the 355 will fetch $10K to $15K more, which will bring it at the high 50s, right?
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Stephen Patterson (Srpatterson)
Junior Member
Username: Srpatterson
Post Number: 218
Registered: 11-2001
| | Posted on Tuesday, June 18, 2002 - 2:56 pm: | |
With good 328's coming in around $45K how do you expect 355s to be that low that fast? Do you think 328s will be 25k? That would put 308 well under $20K
Want to know what a 355 will cost in 2-3 years? Well I don't think they will go lower than TRs anytime soon. Those seem to have stabilized around $65K-$75K. Of course, 512s are much more.
For comparable cars, the 355 should always fetch at least $10-$15K more than a 348. I would look for 348s to be under $50K in your time frame. |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2278
Registered: 5-2001
| | Posted on Tuesday, June 18, 2002 - 2:44 pm: | |
Greg,
just my personal opinion, the 355GTS will come the high 50s. Maybe another 2-3 years to go, maybe as much as 4. Same as the Berlinetta in the mid 50s.
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Robert McNair (Rrm)
Junior Member
Username: Rrm
Post Number: 85
Registered: 5-2002
| | Posted on Tuesday, June 18, 2002 - 1:41 pm: | |
I too noticed online dupont registry has old ads running and I know of a few ads that have run months after the cars were sold. |
Greg Owens (Owens84qv)
Member
Username: Owens84qv
Post Number: 430
Registered: 10-2001
| | Posted on Tuesday, June 18, 2002 - 11:39 am: | |
Martin, your opinion only, where do you see 355 GTS models bottoming out price-wise / time-wise? If anyone else has info, I'd be curious... |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2277
Registered: 5-2001
| | Posted on Tuesday, June 18, 2002 - 11:33 am: | |
Seen some coupes for $140K as true US cars.
My example here was a Euro with US federalization, which is worth less than a true US car for warranty issues.
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Ricky Nardis (Ttforcefed)
New member
Username: Ttforcefed
Post Number: 8
Registered: 4-2001
| | Posted on Tuesday, June 18, 2002 - 11:06 am: | |
Where price is the market at for a 99 360 in the US right now? |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2265
Registered: 5-2001
| | Posted on Tuesday, June 18, 2002 - 7:59 am: | |
As the 360 Spiders are coming down, so are the 355s. They have a while to go. Spiders will bottom at probably $80K, the 348 Spider will drop to $ 60,000 over the next years.
I was offered a 360 Spider Euro without DOT/EPA, but easily done for $ 8,000, for $ 160K. So here is a new 360 Spider for $ 168,000. |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2264
Registered: 5-2001
| | Posted on Tuesday, June 18, 2002 - 7:56 am: | |
you have to check how many of these are old ads. They can stay in their system for a while, just to hold up the price and the count or how many ads are online.
355s Spiders are between $105,000 and $135,000 depending on age and mileage.
I will have an ad in the next DuPont Registry and I do not believe I am high with my prices for the 348TS and the 348 Spider. In general they may be overpriced though.
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Bill Sawyer (Wsawyer)
Member
Username: Wsawyer
Post Number: 288
Registered: 2-2002
| | Posted on Tuesday, June 18, 2002 - 7:39 am: | |
131 355s for sale? It would be interesting to run a report through Polk or Experion and find out how many used 355s actually are sold per month. Prices are artificially high and the dam will have to break at some point.
My local dealer freely admitted that they survive on service and merchandise sales, not the sale of cars. |
Tyler (Bahiaau)
Member
Username: Bahiaau
Post Number: 308
Registered: 12-2001
| | Posted on Tuesday, June 18, 2002 - 6:03 am: | |
I agree that these are asking prices and do not represent the figures these cars are actually trading for. |
Mr. Doody (Doody)
Member
Username: Doody
Post Number: 251
Registered: 11-2001
| | Posted on Tuesday, June 18, 2002 - 5:57 am: | |
the only place you'll find higher prices than dupont registry is at the authorized dealers - and lately i think dupont's been giving the authorized dealers a run for their money ;-)
remember - it's just an asking price.
when i was shopping, i found a '99 spider listed in dupont for $159K. towards the end of the process he was down 20% to $130K. the deal fell through regardless though.
355 berlinettas are not going for $130K. in fact, it looks like spiders are having a rough time of it cracking $130K now.
doody. |
Dave Penhale (Dapper)
Junior Member
Username: Dapper
Post Number: 68
Registered: 4-2002
| | Posted on Tuesday, June 18, 2002 - 3:30 am: | |
355's are holding their prices very hard indeed over this side of the pond too. Its for this reason that I went for a 348, just over half 355 money and IMO not half the car.
You need about 75K ukp min over here to get a 'very nice', low miles fsh RHD 355, whereas a same standard 348 can be had for 39-45K.
You can get RHD 348's for as low as 35K but every one I looked at was so rough time they've been sorted cosmetically you'd end up having spent more.
Although that may seem a high price for 355's to you guys, 360's are still aworld above that over here in RHD form, you'd need about 95-100K UKP.
of course, you can save big money by opting for a LHD over here but many (like myself) wont touch one for use on British roads, regardless of the traders trying to convince us otherwise, in any case, unless you intend keeping it forever its false savings because its worth that much less when you come to move it on! |
Robert Jude Klein (Rjklein4470)
Junior Member
Username: Rjklein4470
Post Number: 111
Registered: 3-2002
| | Posted on Tuesday, June 18, 2002 - 1:04 am: | |
DuPont Registry rarely had anything that is not over priced IMOP. Some of the adds, will have good prices, but most of the fore sale by owner cars are very high |
Mark (Study)
Member
Username: Study
Post Number: 268
Registered: 10-2001
| | Posted on Tuesday, June 18, 2002 - 12:29 am: | |
Just went over to www.duPontRegistry.com and looked at the 355 prices. They had 131 of them. Most priced at $130k.
Seems kind of high to me? Prices seem to be holding strong for this weak economy and all the 360's that have hit the market in the last few years. |