Edit: I promise I know how to spell mileage Hello all! I'm looking at a 2007 F430 Spider w/ 72k miles on the clock. Red/Tan and basically loaded. I will drive it like crazy so miles don't matter as long as it's been maintained. However, they are asking $99.9k aka $100,000 for it, and I feel that that is CRAZY overpriced. I was told very frankly that they will not budge and that the owner does not care if it is overpriced, because that is just an opinion. I respect that, however the car has been for sale for 6 months, and it even has an accident on the Carfax although it states that the car was not damaged. Before sounding overly negative, the car does look very clean and appears to be well maintained. That is why i'm looking at it. Obviously I would get it inspected. Am I crazy for thinking this car should be $70k?? Please share your opinions. Thanks! Spencer
Since you asked for opinions--mine is that a low miles 07 Spider say 15-20K miles would be about $130. I did some stats 2 years ago when I bought mine, and found about 80 cents/mile reduction -- all,other things equal, so a bit more than $40k reduction for the extra miles. So about $88K.
Thanks for your imput - wouldn't the accident on the carfax also bring it down quite a bit though? While it doesn't show up as a full on accident, it says "accident reported - vehicle not damaged"
My concern is if down the road I decide to sell it will already be damn near impossible to do so (i'll easily hit 90k miles) I don't think it helps one bit to have an accident on the carfax.
Exactly. So what do you guys believe a fair offer on the car is contingent upon it passing a PPI? Would have to make sure the CS brake pads & rotors are in good shape... very expensive to replace.
If you look around you can find '06-08 cars with under 25K miles for the mid 130's. My strategy is always to buy the best example that I can afford. Better resale potential if that's a consideration. Probably less inconvenience dealing with the car in the shop for repairs and maintenance that could total or exceed the initial price of entry difference between a lower mile example and higher mile example. Just a thought.
If I can get the car for 70k, then we are talking a difference of around 60k - not insignificant. Not in a million years would I pay 99k for it though. If the car is mechanically sound and has been properly maintained then IMO running costs would average out to be similar to other F430's. I'm not scared of high mileage as i'd be putting on 8-10k a year myself
While this .80 per mile formula may apply to a point.... seriously, any newer Ferrari with over 40k miles becomes damn near unsalable.....really! The number of potential buyers falls precipitously. At that point, the discount gets much steeper. I would target this car in the $75k to $80k range, and it better have a stack of receipts for repairs and maintenance over that time, as well as a stellar PPI. Otherwise walk.
I am in the "I want a somewhat lower amount of mileage on my Ferrari" camp.. but the bottom line is, if you can get a good deal, and it's the only way you can get into the car you want, it may be worth seeing how low you can get the guy.
I agree. I spoke with one of the salesmen and he firmly stated that the owner would not budge on the price and "doesn't care how long the car sits around" ...rightttt... I know that there is a sucker born everyday, but I feel that even they are dreaming a bit to much on this one. There are three clean title 05/06 F430 coupes that have recently had their prices reduced to 99.9k with 25-35k miles on them. I'll take one of those any day of the week over the car in question.
Agree with that. Look for under 40k. People are scared of the higher mileage cars but we will see more and more of them as people are using them a lot more. Look at all the California's with over 40k.
Used 2006 Ferrari F430 Spider Convertible in Ontario, CA near 91762 | ZFFEW59A560145624 | Auto.com Found another high miler - 62k miles 06 Spider - would this be similar in range price wise? Black would generally be considered harder to sell than Red/Tan. It's been on the market for 200+ days and they are asking 99k
Need to get the factory build sheet, but appears to have the factory upper and lower CF driving zone (including CF steering wheel), which is a pretty pricy set of options. Has power Daytona seats. Appears to have some cf pieces in the engine compartment too....not sure if they are factory or not. Only mods that are readily visible is the painted wheels, smoked tail lights and side marker lights. Not sure, but may have the HIFI audio option too. The pictures are really low quality so very hard to make much of an assessment on the cosmetics...
Sounds like you want a "steal". Either you don't understand the value of these cars or are hoping to pay 360 prices for an F430. Even a high mileage well maintained car will still be close to 100k. You wait long enough and prices may go up. Do you really want to buy an F430? So far I don't get the impression. Good luck
As is said often by others on this site, " the cheapest Ferrari is often the most expensive in the long run" The cars you are looking at: Repairs (most likely) and mileage/depreciation (for sure) will hit you hard. In your price range you should entertain a lower mileage 360 Conv. Manual transmission, maybe one with some Challenge/Scud wheels, maybe a CS kit, and good records. Sounds like $100k is your budget, set $5-10K aside for any car you get, upgrades, repairs, etc. Leaves you 90-95k to get a car.
Why are you NOT pursuing the lower mileage ones quoted above ? Instead of chasing double mileage cars, and one with a accident ? Set on a convertible ?
