To jump or not to jump on the 512TR bandwagon?

Hey David...


I have 2 512Tr's a 92 and a 94...one is my driver and one is my show keeper..
As of June 1st....I do believe the Entire Market has stalled...Everyone who had one and saw another advertised for 25 g's more, all of a sudden considered theirs worth 25 more and so on and so on..that could not go on..
This made for the hammerhead stall we are now experiencing...Textbook stuff.
I predict they will back off , cool off for a year or so...most certainly if the new president is well liked and she starts a rally of national confidence they will rise again after that.
Time is always on the side of Ferrari..
If you can find one for a reasonable price...No its not too late providing the history and condition is very good...and you deem it a long term investment..I say Go for it..
Awesome is the understatement for virtually the only flat 12 road going latest iteration of a super car ever built.

retrace the price climb of the daytona and you can see they will not go below double what they were just 3,4,5, years ago...likewise a 92, 93, and most of all a 94 512TR's are better than money in the bank...
Just my Opinion...

What cars did you find so far????

Where on LI are you?

 

how much did u sell it for and whats the asking price to get it back?

 

I feel your pain!!! I had a 1992 512TR and subsequently an F512M ( number 1 of 75 in the U.S.) which I sold about 10 years ago for about $185,000. I never imagined they would rise in value so much. That is one car I should have kept, but my Ferrari ADD had me move on to several others over the years. If my wife would let me, I would be in the market again for a 512 TR. We shall see. Good luck in your decision.

 

I would typically say the Daytonas have taken off, the Boxers have taken off, and the TR's are next. The most valuable versions being the 512TR's because they are improved and in fewer numbers.

But they have recovered quite nicely with the entire F car market. So, is there room to grow or should you run and buy a Maranello before they jump stratospherically as well?- because Maranellos are next

The TR's will move forward but as they do, so will every other significant F car as well.

You're not going to get the next big thing, you missed that. But you will have a car that will be a solid investment over time.

I own one of these too and was hoping it would move further, but the rush is over for now.

I really really wanted a Superamerica and turned one down 2 years ago at 150k. Now I'd never pay 400 plus for one.

They probably will hold value over time and move up slowly with all other values, but I can't bring myself to spring at today's pricing, even though it's one of my all time favorites.

So if you can spring for it and feel Good about it, Go for it- You're a better man than me. You likely won't lose, but there's definitely no home run, you missed that...because prices will need to surpass Boxers for that to happen, and 512TR's are not more significant. Just as Boxers will never surpass Daytonas and so on down the line.

512TR pricing is now in line with the relative values of other F cars, so you'll only see growth as the tide rises for all these cars.

My opinion- Hope it's helpful

 

I am always fascinated by the boxer / TR market comparisons.

Just as a quick question, How many boxers came to the US during its production history?

There were 409 512trs as a comparison.

I believe the 512tr is the last iteration of a special platform built by Ferrari. Hand built frames with the very last of the flat 12 platform. The styling is carried over from the legendary pinnifarina designed Testarossa, but most everything was upgraded. Larger brakes, lower center of gravity, revised suspension, and modern engine controls. This delivered the most powerful rear engine flat 12 Ferrari produced.

What is also impressive is the lack of systems that took away driver involvement. No ABS (unless you go 94) and no power steering. Nothing will save you in this car. You are on your own. The one key advantage of the 94 is the solid differential, but I believe this can be fixed in the earlier cars.

So I agree that the market may be stalling, but I find it hard to believe the price will return given what the car represents.

Only you know how much the car means to you.

 

well then id say put all ur effort into finding an example that satisfies you for as little money as possible and once you arrive to a price where the seller is willing to transact go for it

 

The market for all TR versions has been on a significant upward curve for around 12-18 months now but it feels more like a correction relative to other similar classics (Countach, BB), rather than a major bubble. Past recent history of other Ferrari Classics (e.g. Dino) shows prices tend to suddenly jump, then plateau for a while, followed by a long period of quiet price escalation (away from any forum/media comment) at a rate above inflation.

The questions you really need to ask yourself are; how much do I want this car? Is there any other car I'd rather have for the same money? If I did pay today's asking price, is there enough money left in the pot to really enjoy owning it and if prices did drop or stagnate, is it car I'd still be happy to own?

If the answer is positive to most of these questions, then look at it at a 10yr+ purchase and go for it, rather than considering it as a short term purchase you currently seem to be doing. And always remember, Ferrari ain't going to be making any more flat-twelve supercars anytime soon..

 

Not 12-18 months imo, only 6 months now Harry ...

 

This

 

I was looking to buy 18-24 months ago when values were around £40k in the UK. Ended up paying £54k for my '87 TR in July last year and then £96k for an '85 TR this Feb. so the upward curve got going approx 18 months ago but agree has accelerated significantly in the past 6 months..

 

For me, this is the crux of your post. If you buy now you are buying high relative to most of the past 15 years.

For Diablos, when people ask (and they ask all the time now) should they buy I tell them in stock analyst terms I think they are split between hold and sell.

If prices hold reasonably in the next economic downturn....that is the new bottom.

OTOH if you HAVE to have one now go get it

Of course opinions vary.....

 

[QUOTE.....If prices hold reasonably in the next economic downturn....that is the new bottom.
..[/QUOTE]

New pres coming in..that alone will avoid next downturn...good bye obamanomics
Never thought of it this way....
Buy now...because this is the new bottom...!
I think I agree..
Its all a relative mindset..


GEEZE...someday people will be saying.." I shoulda bought a 512TR when it was $299,000.00
Like now we say....shoulda bought an F40 when it was $650,000.00

 

Expect a slight correction as mentioned here before. It will be the 4th wave down and should not amount to too much. The 5th wave up is the scariest though. It's the frenzy that makes the last 12-18 months look tepid but these usually end badly. We'll all know when we see it but the timing on that is not certain.

In regard to an up and coming economic downturn, it's a lock IMO but i sincerely hope i'm wrong. It is the "Sovereign Debt Crisis" if you haven't already heard about it. Expect it to really gain momentum around September time.
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New pres coming in..that alone will avoid next downturn...good bye obamanomics
Never thought of it this way....
Buy now...because this is the new bottom...!
I think I agree..
Its all a relative mindset..
[/QUOTE]

Not trying to get too political, but no one man (or woman as we prepare for President Hillary if the GOP keeps floundering) can control the economy. There WILL be ups and downs under any economic policy.

I'm hoping the next downturn will bring a driver grade Boxer back to $150k so church mice like me can afford one.

 

I´m sure there will come a down again

but also I think that you will never get a boxer below 200k US $, or you have to spend until you can drive it much more than you buy it for and then you also are over those 200K

only my opinon

but also: church mice will buy a small japanese car

 

True, the bottom of Boxer prices from here out may be higher than I can afford. Then I'll drown my sorrows in a 458 when they reach $150k.

Mrs church mouse likes japanese SUVs, Mr church mouse wants something non-boring.

 

By your own words, you sold the car(s) in a panic. If you buy now and the current price drops 50%, will you be a seller? If so, it sounds like you are buying on "fear of missing out" on future price appreciation. If you are buying to enjoy the car, then do so. To paraphrase another FChatter, Sherpa, you either love the car or you love the money, you cannot love both.

 

Never go back to your old car, it may only be a great dissappointment imo ...

 

ive bought back 4 cars that ive sold in the past - was always glad I did....never regretted buying them back

 

Lots of interesting comments. Another consideration is the financial coming of age of the Miami Vice generation. There are likely a lot of 40-somethings who grew up with MV, and one day hope to have a TR. I would think the Daytona (and maybe the BB) demographic has reached financial maturity; the TR generation still needs a decade or so. Quite possible for the TR to push ahead of BBs and even Daytonas by 2025 - 2030, simply because of the pop icon it is.

If you are buying with the hope of a big gain, you need to have patient capital (and funds to run it until then - not an insignificant sum given the timeline involved).

If you are buying for love, then none of this matters - hopefully you have the funds to realize your dream.

Good luck!

 

I may be in the Miami Vice generation or slightly behind it and cannot ever see myself buying an engine out service car like the Testarossa or 512TR. That engine out service just seems like a financial and personal hassle. I'd rather have a 512bb or a newer mid engined V8 Ferrari.