F40 prices sinking fast? Asking below $499k and no takers

Seems a good deal...

Here are a few more:

http://www.finecars.cc/en/find/list/index.html?no_cache=1

Interesting that that site also lists 5 FXX's for sale. I could see you driving one of those Eli.

Cheers

 

Jim waiting for next year, there will be many good deals out there, fyi was offered a MC12 for just under $1M

 

A bit down from 1.5 ask. Agree with waiting.

 

U gonna get one?

 

How much under $1MM? I was offered one at $1.1MM, and I told them they are too high.

While we're talking about prices, I'm gonna get on my soapbox for a minute and talk about a business principle that has helped me a lot in my career: transparency. We need WAY more of it in business, interpersonal relationships, government, etc.

If someone asks me how much I paid for something, I'll tell them. If someone asks how a process works, I'll tell them. If someone asks me how much profit I made off a deal with them, I'll tell them. If I have any shame about anwering any of those questions, then I should probably examine how I'm doing business. Full transparency is how early economies operated. I'd know really quickly if the blacksmith charged the farmer down the street from me two chickens to make some horseshoes, but charged me three instead.

So let's talk OPENLY and TRANSPARENTLY about how much things are really selling for. This country wouldn't be in the financial mess it's in if everyone were transparent.

Steve

 

Veyron PurSang for sale:

http://www.finecars.cc/en/detail/car/27399/index.html?no_cache=1&ret=63

 

That's the one owned by that Exotic Car Club in Orlando. It was at Pebble this year.

3.9MM US

Interesting time to be selling one of those...

 

That's what I was thinking

 

Could'nt agree more!

B

 

Here's some real numbers as of yesterday:

A perfect F430 blk/blk spyder w/ all the options , a trade in to Bentley BH sold with 5k sold for 160k ,
Manheim Riverside - Post-Sale Results
Year Make Model Subseries Color Drs Cyl Fuel Trans 4x4 EW Radio Top Int Odometer Price
2005 FERRARI F430 BLACK 2 8 Gas A Y D CV L 5,269 $160,000
2000 FERRARI 360 MODENA GREY 2 8 Gas A Y Tape HT L 23,157 $61,000
2002 FERRARI 360 SPIDER YELLOW 2 8 Gas A Y CD CV L 6,978 $94,000
2001 FERRARI 360 SPYDER BLUE 2 8 Gas 6 2 Y CD CV L 10,077 $80,000
2007 FERRARI 599 GTB RED 2 12 Gas T 2 Y CD HT L 6,112 $250,000

 

Tough to keep cheering when 10k spiders are going for 80k. No joke, bought the same car less than 12 months ago for estentailly $130k. Re-cap the market this week and someone needs to crack a joke or theres going to be some splatter at the base of the Alliance Cap bldg!

B

 

Keep your chin up!

 

That 599 price is an eye-opener as well. There are three on ebay with buy-it-now prices from 335K-370K. Looks like sellers will be chasing the value curve downwards for quite a while.

 

WOW.

I really dont know what else to say.

 

I think you might be exagerrating a tad on the "longest post in 4 years" bit, but I do tend to write shorter posts because I appreciate high signal to noise ratios.

 

For transparency, I'll start the bidding here. Three chickens for your F40, dear sir.

 

Bentley of LI F40 ending in 4hrs. No bid:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=310100689101&ssPageName=ADME:B:WNA:MOTORS:1123

 

Wholesale auction ... lotta cars available w/way lower mi. Story?

 

Apparently way above market

 

Wow! That's really scary.

 

As a personal contribution to this debate, I must add that I find it a bit too exaggerated. Yes, we do have a finanicial crisis of huge proportions, and it is affecting all parts of the economy. People will loose jobs, and fortunes, as always in bad times. It is described as much worse this time, but part of this is due to the media coverage, that has "helped" the market sentiment to go from sceptical to panic. Most people that are affected by this is, as always the ordinary small players and the working society.

These are not the typical F40 or collector car owners. Naturally, some have invested on their margin, and must now sell at any terms. But they are not many in market terms. The amount of F40s for sale at any given time are always limited to a handful. Most owners will never sell, because this is not a matter of money, it is a life-style investment. Of course, it is always nice to know that your cars or other collectibles are worth a lot. But an F40 is an investment in unmatched experience, and it delivers every time you use it. From this point of view, it is priceless, even compared to the Enzo, which - in my opinion - is a much less rewarding experience.

At Anamera, Mobile, Classic Driver or wherever you look, prices have not changed drastically. These market places do not support a theory of falling prices. The only place it is in focus is in this tread. So if you find a "cheep" one - congratulations. And if you already have one - congratulations. Money can not buy a better driving experience, and prices will not be affected by 1 or 2 panic sales. It is nothing but pure darwinism that the speculators are taken out of the market. Most cars are in stable hands, and will not offer there car for sale at all, so long-term F40 supply will always be lower than demand, and this is the foundation for the long-term prices. Do not misinterprit that they stop getting more expensive with that the prices are falling drastically. The F40 will always have buyers, and this will support the prices as well. If you analyze it, you will find that the F40 has never been cheaper than when it was new from factory. And it probably never will either.

Regards to you all!

 

F40's will trade at 200K or lower before this is over. The next milepost will be the January Auctions.

Taking inflation into account which will be FAR beyond any one's worst nightmare F 40's will never reach the price they traded at one year ago.

Never.

As I've said in 1989 a 250 GTO traded for 17MM $ at auction in Monoco. A few years later the same car traded for 3.5MM.

Taking inflation into account 250 GTO's have never recovered to that 1989 sale price. It took 18 years for them to even reach the same non inflation adjusted dollar price.

The party is over for many, many years.

Here's one with 6K miles, 2 owner car, recent service, asking 310K US

http://www.classiccarsforsale.co.uk/classic-car-page.php/carno/3132

I realise it's a euro car but as you're from Sweden it's apples to apples. (euro cars will be US legal in 5 years without modification)

Cheers

 

Originally Posted by Caley
As a personal contribution to this debate, I must add that I find it a bit too exaggerated. Yes, we do have a finanicial crisis of huge proportions, and it is affecting all parts of the economy. People will loose jobs, and fortunes, as always in bad times. It is described as much worse this time, but part of this is due to the media coverage, that has "helped" the market sentiment to go from sceptical to panic. Most people that are affected by this is, as always the ordinary small players and the working society.

These are not the typical F40 or collector car owners. Naturally, some have invested on their margin, and must now sell at any terms. But they are not many in market terms. The amount of F40s for sale at any given time are always limited to a handful. Most owners will never sell, because this is not a matter of money, it is a life-style investment. Of course, it is always nice to know that your cars or other collectibles are worth a lot. But an F40 is an investment in unmatched experience, and it delivers every time you use it. From this point of view, it is priceless, even compared to the Enzo, which - in my opinion - is a much less rewarding experience.

At Anamera, Mobile, Classic Driver or wherever you look, prices have not changed drastically. These market places do not support a theory of falling prices. The only place it is in focus is in this tread. So if you find a "cheep" one - congratulations. And if you already have one - congratulations. Money can not buy a better driving experience, and prices will not be affected by 1 or 2 panic sales. It is nothing but pure darwinism that the speculators are taken out of the market. Most cars are in stable hands, and will not offer there car for sale at all, so long-term F40 supply will always be lower than demand, and this is the foundation for the long-term prices. Do not misinterprit that they stop getting more expensive with that the prices are falling drastically. The F40 will always have buyers, and this will support the prices as well. If you analyze it, you will find that the F40 has never been cheaper than when it was new from factory. And it probably never will either.

Regards to you all!

History repeats itself. Some never ever believe it cant happen again. Its happening in front of our eyes literally 24/7 with advent of a constant flow of information, accessible virtually anywhere at anytime. Bad news has never travelled faster and its impact is faster. The same applies to good news. This time our problems with the economy face a world wide interconnected fallout. I have a feeling you (Napolis),are correct on values as this economic situation unravels.

 

Wow, at this rate by June the P4/5 might be below $200k!? Better get the checkbook ready.