Gallardo for less than $100G's?

Lamborghinis sell based on the car. Ferraris sell based on the marque. Price. Performance. Looks. Comfort. Maintenance. Lambo is *extremely* competitive (worthy of its own thread for debate) with Ferrari.

But a Lamborghini concours competition won't bring in the same audience (or even quantity) as will a Ferrari showing/contest.

...and Lamborghini isn't, to my knowledge, running a Challenge gentlemen's race series for owners like Ferrari.

...and Lamborghini isn't winning Le Mans and F1 (or even Indy).

Ferrari isn't just doing the above, it has been doing the above sublimely for decades.

Decades.

Look at Porsche. 1979 Porsche 928s sold new for *more* than 1979 Ferrari 308s, had more horsepower, seated 4 people in wrap-around leather, and got better gas mileage.


Doesn't mean squat. Today a used 1979 Porsche 928 will set you back about $4,000...while a 1979 Ferrari 308 will set you back $40k.

Comparing car to car, Porsche is competitive (at least!).

But comparing marque to marque is no contest.

It will take decades for the Porsche Driving School to morph into a Challenge-style race series for owners (or at least, into a race series of any note).



So I say all of the above to belabor the obvious: Lambos and Porsches are going to depreciate. Some Ferraris will drop too, but never as much (and many will even gain).

Not because of the *cars*, but because of the marque and all that the marque has done well for so many decades.



Don't fight it; take advantage of it. You can buy some *great* used exotics for very reasonable money because of the above. Drivers should live for these sorts of market nuances.

 

I was trying to say the samething...it's all about how they are sold and marketed...

 

Lambo dealers couldn't just buy up all Lambos on the market and drive up the price. This is because Lambos sell based on the car, not the marque.

Ferrari dealers could, however, absolutely drive up the price of used Ferraris if they had a mind to act in concert with each other. This is because Ferraris sell based on the marque, not the car.

Why?

Because customers can always find another car...they can't always find another marque.

 

you mean like porsche club racing ? and don't they have a porsche cup racing series in europe?

i hope your not referring to the ferrari 430 challenge series as some sort of "legitimate" racing series besides an outlet for "big ballas" and their toys to play professional race car driver wannabees for the weekend.

terry earwood refers to the Fcar challenge as "clubbing baby seals"

 

I agree with you to a point..Ferrari build more demand into there brand...I think Lamborghini could as well...Based on what your saying though there in no demand for Gallardo's..just supply...which is not the case..this is more based on what the buyer perseve the market to be, back in MY04 when cars first came out they ware all above MSRP, just like Ferrari...with only 2,400 cars to choose from, you might not be able to find another car...

 

again.. I absolutely adore the fact that the gallardo has dropped to under 120k for a low mileage good condition example.. it's a TREMENDOUS amount of car for the money..

like the Aston Martin V8 Vantage.. you can get an 06 with 6k miles for 80k.. or less.. save 40k off sticker.. my god.. what a gorgeous example that car is also..

Ferrari can be frustrating.. a '00 360 modena w/ 30k miles still can demand 100k+.. and I actually love the modena.. but if I were in the market 100-120k.. the lambo is the most car for that money.. without question..

 

If you spell culture with a "k" you are not out of touch with rap at all.

 

Lotus just shipped 100 Esprits per year into the U.S., yet you can buy them at enormous discounts all day long.

It's not the car, or the scarcity of the car...it's the marque. And that's good and bad. Certainly good for getting a deal on a used one.

 

I will give you that! Great points here guys!!

 

100 was the MAX figure for the most part.. by the time of the v8's they were closer to 50 a year..

odd thing is Lotus/Maserati/Aston Marton/Lamborghini are all top tier marques no? yet Ferrari is the only one that has such strong resale

and what about the NSX? a honda? how does it have such incredible resale? the HONDA badge?

 

The vast majority of Ferraris will not gain. Most Ferrari owners won't be around to see a modern car go up in value. This exclude the limited ones such as the F50, Enzo, etc. All modern cars are far too mass produced and easily gotten to result in any significant long term gain, let alone even match inflation. One also can't forget the premium one must pay to even get a Ferrari. They may be easily gotten, but those that are demand premiums far above MSRP. It may still be worth 10K more than MSRP after a couple years, but that gain is only realized by those who get them at MSRP. Let us also not forget that the depreciation will hit far harder on a Ferrari with 20K miles than it will on a Porsche.

However, all this is irrelevant, because if you can afford one, the depreciation is but a mere fraction of your income.

 

The cheapest I've ever seen has been $80,000... it had been in quite an accident. I saw it a while back on ebay.

 

Hey, cool, dude, I mean, how did you know - as a matter of fact I (mis)spent a good deal of my college summers hangin' around the beaches of San Diego... dating hot California girls and going to a few hard rock concerts Now I'm all grown up and I've moved from metal rock to Italian metal... but the noise remains more or less the same

 

The NSX sells used for $20k, with T-models going for $25k. Is that really "strong resale?!"

Why does Ferrari have such strong resale? Because of what the marque does so well:
1. Classique certified rebuilding program
2. Concours events
3. Challenge racing series for gentlemen owners
4. F1 and Le Mans race victory reputation
5. Image, panache, and brand perception
6. FXX owner track time/feedback/publicity
7. Historical celebrity use
8. the cars themselves

Notice what's last on the list. So great cars that *aren't* Ferrari can be expected to regularly depreciate. Look at Jaguar (even their supercar from the late 1980's). Look at Ferrari's sister Maserati.

 

keep in mind the NSX is a 85k car ferrari's always cost 2x as much .. so you can get a 91' for 20k with SUPER high mileage.. how much do you think a testarossa w/ 200k miles would be worth form 91'? it would have to be worth 40k still to maintain it's value like the NSX.. and I would never pay 40k for a 1991 200k mile testarossa.. would you?

say what you will but the NSX holds it's value better than almost any car out there..

 

Hey it's great to praise Ferrari and they certainly have exceeded all other marques in creating the "Mystique" (#5). They also have remained in racing forever. But not all their cars do well long term in value. The newer ones hold their value better than any other newer cars though. Also, not all Lamborghinis and Maseratis, Astons ... have done poorly in vintage value. Some are quite expensive and exceed those of a Ferrari for a similar model. Ever heard of a Muira? At any point in time Ferraris have not necessarily been the best examples of that kind of car at that time. Let's just try and keep it real???

Oh BTW, in recent history which Italian car marque precedes Ferrari with a gentlemans race series?

Bob S.

 

I would like to point out that the whole discussion revolves around the US market. In Europe the situation is TOTALLY different. The Swiss market is starved of Lamborghini (which are highly valued for the all-year driveability thanks to AWD), and a 4-yr old Gallardo with 30,000 miles goes for about $170K, which is only 20K less than the cheapest F430s. And Murcielago NEVER go under $200K, even when they reach high mileages. Plus, unlike the US market, the Swiss market is swamped with Ferraris - there are at least 60 used F430s for sale in a country with only 9 million inhabitants... plus literally hundreds of older models. It's easy to buy a Ferrari here - as I said, try it, pay it, take it home. All in one day. And the cars advertised are all real.

The situation in the rest of Europe is very similar - recently I visited an UK dealer that had 3 used F430s in the forecourt. Just pick one, pay it, take it. No problems.

I guess that Ferrari has built up this "myth" by literally strangling supply to the US market, aided by its faithful dealers that put fuel in the fire by restricting supply further and applying obscene mark-ups.

As much as I love Ferrari, I cannot logically justify paying huge premiums and going through a painful buying experience just to have a prancing horse. A Lamborghini will do just as well, thank you very much

 

Why don't you (Swiss) buy up some of the many U.S. market Gallardos ? Or, is that not legal.

 

Actually it is perfectly legal. I already have a business plan in mind to do this. The import cost to Switzerland is about 12% including transport and tax, and there is a small amount to pay (a few thousand dollars) to make the car "swiss-legal" (the main expense being replacing the instrument clusters with Kms, bars and litres instead of miles, psi and gallons). This still leaves a very large gap with the average Swiss Gallardo prices (which are close to 200K), allowing for some very competitive pricing on the Swiss market. I have a business partner who will take care of the paperwork on the Swiss side and who has all the right contacts to get the right customers, all we need is some start-up capital. Anyone interested?

 

i remember many years ago when the opposite took place and we were importing euro cars at low prices. funny how things have turned around.