| Author |
Message |
Steve Magnusson (91tr)
Member
Username: 91tr
Post Number: 578
Registered: 1-2001
| | Posted on Thursday, March 07, 2002 - 7:45 pm: | |
"When does the list think 360 prices will drop? "
IMO it would follow the 355 history fairly closely (barring horrendous world events and assuming the next model V8 from F comes on a similar schedule). Aren't they/weren't they both attractive two-seaters with the best V8/engineering available from F at the time? I know I wouldn't mind picking up a ~7-year old 6-speed 360 belinetta for under or near $100K. Am I wrong?
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SteveF (Stevef)
New member
Username: Stevef
Post Number: 36
Registered: 12-2001
| | Posted on Thursday, March 07, 2002 - 6:06 pm: | |
for the asking price, I would hope they'd fix the rock chips. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 146
Registered: 8-2001
| | Posted on Thursday, March 07, 2002 - 5:34 pm: | |
When does the list think 360 prices will drop?
What is the logic behind the estimate?
When will supply generally catch up with demand?
They claim it is in perfect condition except for some rock chips on lower front. They claim to have bought it from Dallas where it was traded in. Has been registered.
So far one bid for $240,000.
It was recently on eBay with a reserve of $256,500. Did not sell.
Current reserve is $255,000. |
Tim N (Timn88)
Member
Username: Timn88
Post Number: 478
Registered: 6-2001
| | Posted on Wednesday, March 06, 2002 - 9:43 pm: | |
If you have the money for one, why shouldt you buy one? You might as well enjoy one while you can, who knows what may happen in 3 years while u are on the waiting list! |
Eric Eiland (Eric308gtsiqv)
Junior Member
Username: Eric308gtsiqv
Post Number: 188
Registered: 11-2001
| | Posted on Wednesday, March 06, 2002 - 8:19 pm: | |
Congratulations, Steven -- glad you found one -- sounds like a very nice 360 Spider...you'll have to post some pics for us some time - love to see them. |
Steven J. Solomon (Solly)
Junior Member
Username: Solly
Post Number: 227
Registered: 6-2001
| | Posted on Wednesday, March 06, 2002 - 8:10 pm: | |
I annoyed all of you for weeks with posts about my hunt for a 360 Spider. Yes, I could have bought a Euro, fully converted, 4,000 miles, no warranty (& no recourse if it was a lemon) for $180,000, but everyone I trusted told me not to. I too do not like being taken advantage of, but I'm 44, got about 5-6 good years left to act like a wild man, then I'm joining AARP and eating dinner at 4:30 PM.
So I paid 70k over list for a problem-free (relatively)US model with 500 miles. The kids' educations are paid for, and I'm not stealing the milk money to do it. I think I'll enjoy it anyway.
If the money is going to detract from your enjoyment, don't do it.
BTW, to the original post: $250,000 is the cheapest I have seen a low-miles US 2001 Spider go for. Most around 270k or so. |
Bill Michaels (Billm)
New member
Username: Billm
Post Number: 11
Registered: 1-2002
| | Posted on Wednesday, March 06, 2002 - 6:41 pm: | |
So it's over retail. Big deal! If you want the car and you have the cash, go for it. Why wait for your hair to grey! |
Ferrari (Speedracer_1)
New member
Username: Speedracer_1
Post Number: 1
Registered: 3-2002
| | Posted on Wednesday, March 06, 2002 - 2:17 am: | |
Nice car, alot of money |
Tyler (Bahiaau)
Junior Member
Username: Bahiaau
Post Number: 137
Registered: 12-2001
| | Posted on Tuesday, March 05, 2002 - 11:44 pm: | |
So it's over MSRP. So what? That is the beauty of a free-market economy! If you decide it's worth it to you, then go for it! Sure, some of these cars go to speculators. That is their right and they take the risk that goes with speculation. Some lose, some win, that is the game. Anytime you want to be among the first to own anything of value there is a price that is paid for that exclusivity. |
KH (H00kem)
Junior Member
Username: H00kem
Post Number: 65
Registered: 6-2001
| | Posted on Tuesday, March 05, 2002 - 7:56 pm: | |
Dave, face it, it will sell to someone who have the bucks...welcome to a free market economy! |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 145
Registered: 8-2001
| | Posted on Tuesday, March 05, 2002 - 6:20 pm: | |
I believe in the free market.
However, this seems like ticket scalping. Legal in some places, illegal in others.
Although it does not seem right, I guess there will always be speculation in any desirable thing that is in limited supply.
Most times it seems that the first speculators might make money, but the later speculators and buyers lose.
In this case, assume (very rough numbers)$170,000 purchase, 10 % value of the money plus insurance, etc. So it is costing him approx. $17,000 a year carrying costs, maybe more.
Each month the carrying costs increase, and the warranty gets less.
I think something legally should be done, but probably not possible. Hopefully the free market will win, and no one will buy it.
Dave |
BretM (Bretm)
Intermediate Member
Username: Bretm
Post Number: 1848
Registered: 2-2001
| | Posted on Tuesday, March 05, 2002 - 3:36 pm: | |
There are a bunch of cars over MSPR, almost all classics and exotics in particular have (after a short period of depreciation) even when factoring inflation. Out of relatively new cars though I would have to agree with you Dave about the F50 though. I would imagine the 288GTO never fell below MSRP, the F40 did though I think. Alright enough pointless rambling.
What I really agree on is the whole sell at 1000 miles thing. You're just getting off the break in period at that time, why would you want to sell a car that supposedly you have babied for a year. I guess for $70K you might, but not likely. I would always worry about these speculator cars like this. |
Dave328GTB (Hardtop)
New member
Username: Hardtop
Post Number: 21
Registered: 1-2002
| | Posted on Tuesday, March 05, 2002 - 3:05 pm: | |
Being of the free market, entrepeneur persuasion myself, I never fault anyone for making a buck. I think if you have a net worth of 50 million, then paying 50K over list is chump change. I suspect there is a group of speculators getting on waiting lists for the next hot car whether it be a Ferrari, Porsche, BMW, Honda, or Kia! Unfortunately, I am not one of these people and like most of you, I would be hard pressed to pay over MSRP for any used car, but I don't criticise those who do. I can't think of a single production car (as opposed to F50's) that has stayed above MSRP for an extended period. If someone knows of one that has, I would like to know about it. So, if you are patient, they all get reasonable after a while. If I ever do decide to go for a 360, I will make sure the original owner kept and drove the car as opposed to someone who thrashes it for 1000 miles and then sells for a profit.
Just my 2 cents.
Dave |
Scott Anderson (Srandrsn)
Junior Member
Username: Srandrsn
Post Number: 75
Registered: 4-2001
| | Posted on Tuesday, March 05, 2002 - 2:46 pm: | |
Frank, I agree with you also but there just enough people out there with more money than time...a couple years ago down at Cavallino Shelton had brought some of its inventory over and there was this guy (and his wife) who were dealing with one of the shelton salesmen. Anyway this guy literally didn't know the difference between a 550 and a 360 yet he was in the process of plunking down $200K for a grocery getter for his wife. Now I'm not juding them; its not about the money or whatever, its just that there are people out there who are willing to pay those prices, one becuase its available and two because they can. They may or may not be enthuisiats and your right that it hurts the core Ferrari folowers and the pricing structure of the market but unfortunately this practice will continue as long as demand is high.
It was the same with Harleys a couple years ago. They were so hot that to get one at MSRP there were 2 year waiting lists. There were bikes available if you were willing to pay $4-6K over MSRP. I wanted one I had the money I walked into a dealership and said "I'd like the blue one over there". Being a part of the demand that ran up the prices did/does cause friction to those who have been waiting longer and who had been enthusiasts longer. Harleys cooled down and spyders will to, although sadly I'll never be able to own one. But without a doubt it is one of the most beautiful cars I have ever seen. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 144
Registered: 8-2001
| | Posted on Tuesday, March 05, 2002 - 2:16 pm: | |
I agree with Frank.
Maybe they will lose money on it and this will decrease.
Dave |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 1551
Registered: 5-2001
| | Posted on Tuesday, March 05, 2002 - 12:49 pm: | |
Word On Frank !
If you look at it from the perspective of the next owner. This car was put in service in Jan 2001, so it has already 13 months off the warranty of 36 months. They have a reserve not met at $ 240,000. The first 1000 Miles are critical. Who knows how this car was driven.
Besides as long as FNA sues importers nobody should buy above sticker from a F-dealer, sorry Solly but that is my 2c! |
Frank Parker (Parkerfe)
Member
Username: Parkerfe
Post Number: 666
Registered: 9-2001
| | Posted on Tuesday, March 05, 2002 - 10:44 am: | |
As a Ferrari owner and enthusiast I hope no one is fool enough to bid the reserve on the car. It is a production car that MSRPs for well less than $200k. It will be a $120k car in a few years and continue to depreciate from there. Us Ferrari enthusiast are the only ones that can stop these opportunist who buy these cars at MSRP just so they can sell them for a profit. They are the ones that back log the waiting list causing us real Ferrari lovers to wait for two years or more. This car only has 995 miles so it was clearly not bought by an enthusiast to own and drive. If we enthusiast refuse to succomb to these opportunist who pray on our desire to own the newest Ferrari out, then these kind of prices will disappear and the people who really love and want to own and drive a Ferrari can buy one from the dealer at MSRP. Lets us FerrariChat members have a backbone and take a stand! |
Ernesto Sgroi (T88power)
Junior Member
Username: T88power
Post Number: 228
Registered: 2-2001
| | Posted on Tuesday, March 05, 2002 - 10:34 am: | |
There are no bids on this car because it is about $70,000 above MSRP.
Ernesto |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 143
Registered: 8-2001
| | Posted on Tuesday, March 05, 2002 - 10:26 am: | |
I cannot afford this, but I think it is one of the most beautiful cars ever made.
http://cgi.ebay.com/ebaymotors/aw-cgi/ebayISAPI.dll?ViewItem&item=1809633297&r=0&t=0
From what I have read, there is something like a 2 year backlog of orders for 360 Spiders.
I was wandering why there are no bids for this car.
Any thoughts? Is the price reasonable?
Dave Wapinski
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