CS Market | Page 117 | FerrariChat

CS Market

Discussion in '360/430' started by stokpro, Mar 13, 2010.

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  1. Joe Mac

    Joe Mac Formula 3

    +1
     
  2. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,439
    On the Limit
    Full Name:
    Dino
    I've seen this car in person. Talked with the previous owner who had the accident. Driven the car, and inspected it.

    For all intents and purposes, its perfect. There were a couple of slits in the floorpan, that probably took about 3 hours to fix and paint..... while taking a 45 minute espresso break.

    It has since had a major, and I believe a clutch. At $95K, buy it, keep it and enjoy it. In 15 years, when another hundred of these cars have managed to wrap themselves around various immovable objects, that title will mean zip, provided it has been cared for.

    I would believe that every 250GTO and most SWB's would have 'salvage' titles, if possible...... But guess what? It doesn't matter anymore. They are collector pieces, which is what the CS will become.

    When I was on the car he was 'firm' at $110K. I figured that $85-$90K was a real number. However, if I wanted a red car, I would have paid the ask.
     
  3. since-15

    since-15 Formula 3

    Nov 26, 2008
    1,142
    Well said.
     
  4. njcycleguy

    njcycleguy Formula Junior
    Silver Subscribed

    Dec 27, 2008
    819
    Northeast
    I never stated that this car is making the CS market, I stated the market is speaking and won't support the $95k asking of this particular car.
     
  5. george111

    george111 Karting

    Aug 21, 2011
    120
    florida
    If the damage assesment, that was described, is trully the only damage this car sustained it should be worth 95 - 100k in my humble opinon.

    Is the salvage title really the market maker for this car? I believe if it were financable it would have sold long ago. Of course this is only my biased thought. I guess it could just be I hate seeing one sell for under the six igure number?

    Enjoy the Super Bowl all.
     
  6. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,475
    Wyoming
    #2906 arizonaitalian, Feb 5, 2012
    Last edited: Feb 5, 2012
    I think its worth $92,259.69 IMHO ;-)

    Obviously joking. There is no "exact" price or even a range that any of us can say is for certain the market on this car. Its a "one off" salvage title that is clearly a lot of work to sell (at least at anywhere near what the seller wants).

    I think given the seller's new asking price and the speculations herein, its worth south of $100k. How much south? Who the hell knows!

    It seems like the would-be buyers and the seller are doing the inevitable market dance towards each other...so a sale should happen here shortly somewhere between the bid and the ask...markets are so predictable ;-)

    A CS for $90k's that is in the condition that Ingenere described (and I trust his assessment) albeit with a salvage title would be a nice addition to anyones garage....just dont' plan on ever selling it quickly (and please remember to check your ability to finance, register/license and insure it!)
     
  7. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    Interesting, I was thinking about listing mine soon for 125k. Didn't realize the difference between a salvage car and clean one was only 15 - 25k.
     
  8. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,475
    Wyoming
    Depends upon mileage, condition and options. And, that salavage title will sell in the 90s most likely...perhaps lower 90s. I would think any decent comparable mileage, non-salvage CS would sell nearer 130...so that is nearly 40k diff or ~40% uplift from salvage to clean title. Which, IMHO, is likely pretty close.

    If you are going to throw out there the 125k listing price for yours, please tell us about mileage, condition, service history, options, color, etc so we can fairly compare what you seem to be doing in your head...
     
  9. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    Mine is red with stripe, black challenge wheels, all black alcantera interior. New clutch, approx 25k miles. Its a great drivers car.
     
  10. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,475
    Wyoming
    Sounds great. Factory stripe?

    Obviously the 25k miles has its impact. Mine has 15k and I believe 2k per year is the min range of acceptable on modern ferrari's (any less becomes an issue IMHO). But, I realize I'm in the minority on that account! So many folks want "garage art" CS's...maddening...I buy art and sculpture when I want art. I buy cars to drive and enjoy the thrill of driving. The "thrill of ownership" doesn't move me...but I know I'm in the minority on that...
     
  11. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    yes factory stripe of course. I don't care for stickers. And frankly I don't see the difference between 2k or 3k miles per year, but hey I'm a driver. Thats 8 more week of fun in my book.
     
  12. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,475
    Wyoming
    I agree. 2-3k sounds okay to me. Heck that is only 20-30k over 10 years. 40-60k at age 20. And these things are slavishly maintained with new fluids and filters every 12 months by most owners. But, you and I are the proverbial preachers and choir!

    Some buyers want 500-800 miles per year on their used ferrari's. That is so odd to me..but I'm sure makes sense to them ;-)
     
  13. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    My CS was parked yesterday while in a store. When I came out a 430 spider was parked next to it. Made me think......

    I've been kicking around getting a Scud but I swear I can't find a Ferrari I think looks better than a CS. I love my CS.

    I just don't like 430s as much.
     
  14. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    With regards to mileage its important to look at services (as I'm sure you know). One may think a 20k car is better than a 25k car. But the 20k may need clutch, belts, brakes, and the other does not. Not trying to promote my car over another, just saying to folks that may be looking for the first time to not get too hung up only on miles, especially around the 8 year/15k to 20k mark. There are some expensive services needed about that time. You're going on a second belt change, probably a clutch and possibly brakes (if the car was tracked much, mine was not but many have been). So be careful about mileage hangups and look for services.
     
  15. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,475
    Wyoming
    Absolutely. I mean, the primary reason folks "care" about mileage is that it infers that wearable bits are, well, worn! So, selling a higher mileage car with all new wearable bits like clutch, belts, fluids, filters, tires and brake pads certainly makes it "newer" in a very real sense of the word!
     
  16. since-15

    since-15 Formula 3

    Nov 26, 2008
    1,142
    Have you driven a Scud yet? If so, what was your experience?
     
  17. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    No I haven't. I don't doubt it's a screamer. I'd kill for one of those white scuds. I'm on the fence. My plan is to add a 612 but.......
     
  18. Challenge64

    Challenge64 F1 Veteran
    Owner Rossa Subscribed

    Jul 28, 2004
    6,358
    Full Name:
    Ron
    but.....what?! lol. The 612 has brought new meaning to the idea of a Ferrari as a daily driver.
     
  19. Mattyrae

    Mattyrae Formula 3
    BANNED

    Apr 17, 2011
    2,048
    All you have to do is watch one of Rad's videos, done deal. I will get to drive one at Exotic's racing before mine shows up near month end.

    Will also head to Seattle on Tuesday and check out FOS's Cali with the forged wheels. First car I have seen them on.
     
  20. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
    Himalayas
    You can get more than 125k for "TRACKME". :)
     
  21. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    +1
     
  22. Lukie

    Lukie Karting

    Dec 6, 2011
    88
    Atlanta
    Full Name:
    Luke
    I personally think the CS not only looks better than the Scud, but sounds better as well.
     
  23. Mikestradale

    Mikestradale F1 Rookie

    Jan 25, 2006
    2,600
    Netherlands
    Full Name:
    Mike
    #2923 Mikestradale, Feb 7, 2012
    Last edited by a moderator: Sep 7, 2017
  24. pascalt

    pascalt Formula Junior

    Dec 8, 2003
    280
    Switzerland
    Full Name:
    Pascal
  25. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    3500 miles? Who are these people? He lost is ass on that car and didn't drive it.
     

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