360 CS current prices

That car should be about $190k. Tonkin didn't service the car. Not sure how it made its way to them. It is in good condition and I believe is up to date.

Everyone is "asking" $199k for stradales.

Can't beat TDF. Best looking color in my opinion. There is another one on ebay with less miles and a tan leather interior.

 

here's another TDF with red interior on ebay. Starting bid is 140k but dunno what is the reserve price.

http://cgi.ebay.com/ebaymotors/Ferrari-360-2004-Ferrari-360-Challenge-Stradale-3K-Mi-Stunning_W0QQcmdZViewItemQQcategoryZ84156QQitemZ4628191553QQrdZ1

 

Cars are trading in the 160s, the asking prices have been remaining high but the transaction prices are considerably lower.

--Dan

 

Must be a CS with 20k miles. I know the Stradale market pretty well and I have yet to hear of a single car trading in the $160k range. Let me know if you hear of another one.

 

Perhaps this is not indicitive of the market, but Ferrari of Denver RAISED the price of their CS for sale from $189k to $199k.

It's been for sale for sometime...so who knows...but I was shocked to see it go up.

 

Unlike 360 modenas, and to a lesser extent spiders, price variations of CSs are not all over the map IMHO. Specific to 2004, limited numbers in NA (250?), relatively low mileage, and on warranty, my search suggests an average price range of 190-200K $US in the states, and around $250-270K $ Cdn (where we have around 25 CSs in total. Maybe you'll find something that LOOKS cheaper on E-bay, but the same applies to brides on E-bay. Who wants one? BTW, CNN moneyline ID the 360 CS as an investment in view of it's limited production and exotic/race bred nature. Go tell your banker that if they hesitate on a car loan.

Good luck!

 

One had 7k, the other less than 15 (12, IIRC). Both were cherry cars, normal colors, etc. Nothing odd / weird about either.

--Dan

 

I haven't seen a non-red car for less than $190k

Dan,
lets see some cars for sale around $160. I have 2 buyers that can't find one less than $190


Vernon

 

I could wholesale mine to the dealer today for $175-180K. If someone has bought a great CS for $160K ($35K below the FML asking index mind you) it was one of the Ferrari deals of the decade.

 

Cars at dealers are selling in the 190s. Some low mileage cars are selling over sticker. A recent red/stripe sold upwards of 210. I picked up mine from a private party for 175, and that was an exceptional deal. Nowhere have I seen any cars in the 160s. If you find a (good) car in the 160s, buy it.

Another dealer on this board recently *raised* the price of their car from 194 to 206.

FML shows most cars asking high 190s.

Mike Byers at go2autosales has a few in the mid 180s.

 

there's no reserve

 

Looks like there is.

 

There is a reserve. Ebay moved the "reserve not met" message to underneath the price.

 

No offense but I concur with the other guys. The market is much higher than this. If someone gave a car or two away then it was an exception. Certainly not the rule. A 15k car could possibly be a $169k car but it would still be a rarity.

 

It seems the "typical" selling prices are between $185k - $198k for a nice CS. Yes, there have been cars that have sold for a bit higher and a bit lower, buy they are more unusual than the norm.

Here's the issue with the CS...... If you find one you like, you better ante up and buy it even if it's a few $$ more than the "great deal" cars that people tell you about but aren't available anymore. The reason is, they can not be easily subsituted. In other words, there aren't many out there for sale, and if the car you want slips away, there may not be another one like it. (I know this b/c I kick myself for not buying the yellow one I found before they sold it to someone else - luckily I found my titanium one, but I still wish I had jumped & bought the yellow one)

 

I would concur with this 100%. Its hard enough to find the right 360 Modena... I looked for 4 months with no luck. I missed JackinLA's yellow Stradale by literally 15 minutes. Once I saw another yellow Strad available I jumped on it immediately.

 

Those were cars offered to me, I didn't say it was the rule but it's a car. It depreciates. It was not a special run, it was not a racecar, it was not a limited edition. A mass production car that ended when they swapped over to the new model.

Will they carry a premium over standard 360s? Sure, though maybe not over late spiders. Will they hold value indefinitely? Absolutely not.

I realize some people have a vested interest in keeping the prices high - but for those on the prowl dig deeper than just FML. Cars can be had and oftentimes for great prices. They may not necessarily be advertised openly but that's half the fun of finding a car.

--Dan

 

Uhhhhh, Dan, do you have any idea what a CS is? Doesn't sound like it.

And, where is evidence of the $160k Stradales?

 

Given that I owned one (albeit for a short time), I'm pretty sure I do. And if you recall, back when they were new, I picked up a car for 194 that was loaded with everything but a stripe. As a gesture of goodwill, I sold the car for the exact same price when I decided I didn't want it. Joey Kramer (Aerosmith drummer) owns that car now. It's all in the archives.

I don't have to prove ****. If you can't find the deals, tough beans for you. Do what I do: talk to service managers, talk to guys who aren't advertising their cars, talk to friends of owners, etc. I'm sick and tired of the guys who are out there pushing prices trying to keep their "investments" (hah) inflated and not getting the true numbers out to the real buyers.

--Dan

PS - look at stradales. THey were not a special run. There aren't "No. 349/500" plates on any of them. They made as many as they could sell before making the final swap over to the 430 body. It's not a racecar either (giving it racing heritage or value). In fact if you look, it's the road version of the race version of the road 360. Opinions differ, but I don't think 1000-odd cars makes it a limited edition either. Maybe in the eyes of a Ford production manager.

 

Back to the original question, if it were my money, I'd offer them no more than low to mid 180s. Depends on the nature of the relationship. The car in atlanta, by comparison (with 27k miles) should be a 150k car. 194 is a pipe dream.

--Dan

 

Stradales are changing hands for typically 180s and 190s. Suggesting here that you can pick one up for 160s is cruel and will lead many to disappointment. You can buy a Ming dynasty vase at a garage sale for a dollar too ... doesn't make it easy or achievable for most. The pipe dream then is to give the impression that you can buy a Challenge Stradale for 160k....

 

I once owned a Gull Wing. I think there were 1,200 300SL cars. Good one's are nearly $500,000. Sold mine with 12,000 miles for $3,900 circa 1961.

There are 1,200 CS cars worldwide and about 353 in USA. Of those, anecdotally, there appear to be about 35 with the distinctive race stripe option. Some people think the stripe is the signature of the CS.

The CS was actually good value with all the carbon fiber and special features like brakes, 20% stiffer springs and dampeners, special muffler, more HP and lighter weight, etc.

Numbers are part of the story, but lightweight, with various track-ready features has been important in keeping cars like the Porsche 1973 RS at prices now pushing $200,000. But it took people years to figure out how special this lightweight version was.

I recently paid north of $200,000 for my CS, when cars were available for $185K. I think I got a bargain over some other cars. Here is why:
1,400 miles (most cars were 4,000-6,500 miles) I valued low miles at $5,000-$10,000 over higher mile cars.
low miles: less chance of clutch replacement
local car, no coast to coast journey to learn it had a story
local car, no 5-6 transporter load-unloads required from the other coast
Red. This was important to me.
$206,800 MSRP. A little above average MSRP
$2,000 Factory Hi-Fi option. Not a big deal but I have it and many cars didn't
Special black leather interior: seats, dash, shelf, roof
Red stitching. Big item for me. I've grown weary of red/black alacantra. Just personal taste.
As new in every respect, not a scratch
One local owner, owner known to me
purchased from dealer who provided OUTSTANDING service
Dealer delivered to my door on flatbed
No track or hard driving
Total package: records, car cover, seat covers, wheel cover
Front, sides and rear protective film. Very expensive
16 months warranty remaining
Yellow calipers, Red would have been OK, but yellow is different and nice
STRIPE, STRIPE, STRIPE, a personal thing, but I never would have been happy with a CS w/o the stripe.

Here's why I'm stupid. I could have bought a brand new CS 20 months ago for about the same price I paid. I let someone else use the CS for 20 months/1400 miles then still paid new car price.

I didn't realize how special the CS was until I got it home and read the brochure. Based on all it's special features, I say it will hold good value over normal 360 cars, unless Ferrari Spa makes a F430 CS and similar models in the future.

I say a red car with stripe, low miles, and perfect condition will be worth substantial value twenty years from now, assuming there are not later iterations of the CS.

The car is only two years old and is slowly being recognized as a very special car. It usually takes time for the lemmings to be educated to real long term value.

It took me decades to learn to pay-up for the right car. I feel I got the right CS for me.

The paint-to-sample blue CS is the CS to die for. If he ever sells, he'll get his $6,000 for paint and then some.
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login
Image Unavailable, Please Login

 

Well said. One great deal (or even a couple) a market does not make.