1995 456 GT

I'm interested in a fair-priced 1995 456 GT "driver" with solid documentation. A well-maintained car with 20-50K miles and minor cosmetic flaws okay. Neutral/light color interior preferred. Exterior color not as important. Will consider low mileage examples, but not too interested in a collector car. Of course a thorough PPI will be essential in any case.

I have owned a 1974 Porsche 911S for half of my life--and recently put $27k into "deferred maintenance", so I understand rolling money pits. But, as Jeremy Clarkson said in Top Gear S4 E3 2004 (driving a Ferrari 360 Challenge Stradale), "I'd like to consider a Ferrari as a scaled down version of God while a Porsche 911 is a jumped-up Volkswagen Beetle." My 2.7L S coupe is light, fast & fun, but my body is older and creakier now...I'm looking for a gentleman's Ferrari (2+2 for the kiddos).

 

Thank you for the post, but I am looking for a '95. Any other year would have to be an outstanding price for a six-speed manual. Who out there has a '95 456 GT sitting in a garage not being driven due to deferred maintenance (which will not get better with time)? My '74 911S sat for 4 years and I paid dearly for that mistake. (It's sweet now and I drive it twice a week after 19 months at Flat Six Inc--but I still have another $5k of "minor" stuff to resolve)

Time to clean out the garage for 2015, get that 456 GT to the shop and find out what needs doing. You can then decide to keep or sell. Maybe we can work a deal?

 

At this time I'm only looking for GT or possibly M GT with manual trans. My body may be older and in need of a comfortable grand touring car, but the kid in me has always dreamed of that gated shifter.

 

By "fairly priced" for a '95 456 GT (or '96, etc.), I mean the price properly reflects current condition & any deferred maintenance requirements. The three pricing sources I've looked at (below) are fairly consistent. Of course, a 456 six-speed in the right place at the right time that suits me perfectly could get an "over market" bid from me.

Hagerty '95 456 GT: $32K daily driver up to ~$50K for "flawless"

Ferrari Mkt Lttr "Asking Price Index" (average) for all 456 GT: current issue $43,823

NADA '95 456 GT "retail": low-$38,700; avg-$45,700; high-$53,200

The trouble is, these low prices are probably keeping a lot of nice cars locked away off market. But my understanding is that these cars can be pretty costly if you let them sit. Is the market going to go up faster than the required maintenance in 2015?

I'd also consider a 456 M GT and those prices are somewhat higher. High retail is $69,000, but I think the black one listed this weekend on Craigslist for sale in Encino CA with 7500 miles and "minor interior flaws" at $74,000 is over the top.

 

I do not believe that the red '95 456 GT out of Chicago is for sale. That ad, which posted on many sites, has been online since 2011 I think. If someone knows something about the current status of that car, please post.

 

Thanks for posting. How many miles have you driven since buying? What has your experience been with the car so far? Was there a PPI before the sale closed that helped support the price?


John

 

Here's a current offer somewhat in line with Hagerty, Ferrari Market Letter and NADA...

Canna Di Fucile Metallic with Blu Scuro interior for sale by Michael Sheehan 1995 456 GT. Asking $49,000. Originally owned by Mike Tyson. In December I called a collector in So Cal looking for leads on available cars, and was told that the most recent owner of this car died in a motorcycle accident. Today I noticed the car up for sale. Also, I heard this car may have been damaged and repaired some time in its past, but I have no direct knowledge nor details and have not gone through the carfax. I like the dark gray very much, but I'm not keen on the Blu Scuro interior.