how do you value f-cars?

how do you figure out what an f car or other exotics are worth?

 

There's several value guides....

Ferrari market Letter
Cavallino
eBay sales results
FCA Newsletter listings

...or you count the money in your hand, as it drives away!!!

 

Any car is only worth what somebody is willing to pay for it. Often, that is quite a bit less than the owner trying to sell it wants to be.

So, when looking at 'comps' only pay attention to selling prices, not asking prices.

 

+328.

 

Toss it on eBay starting at 99 cents with no reserve - that will quickly establish true market value.

 

They are MONEY PITS .......


Someone should be paying us to keep them on the road .........

 

I used craigslist to determine insurance value which is an asking price and I could replace my car for that or less. Otherwise I chose to believe my cars value to be zero. That way I don't hesitate to use it. The ebay response is the truest sense of finding value.

 

If the condition of the car, options, mileage, service records all being equal, then recent selling prices, not asking prices, dictate the market.

 

For what purpose?

 

Ferrari Market letter and Cavallino mag are good general indicatior

 

It is a simple formula, market value = trade-in value + $20,000.

 

I dont trust the "ebay" guide. Yeah, you can find cheaper cars there and such, but you really get "bottom of the barrel" pricing too. If I were to sell my car I would NOT put it on Ebay - just because I know that it would not get to what I think the car is worth. Therefore, the two are incompatible.

What would the car sell for in face to face negotiations would seem like a fairer assessment of the cars true value.


PDG

 

However, I do believe that an Ebay No Reserve is the best market gauge for pricing....as long as you market the car adequately. I did not have the time, car salesmanship, or patience to properly prepare my car for top dollar.

Ebay No Reserve is the purest market. Similar to a stock exchange.

 

Cavallino has been obsereved to value some models that no longer exist.
Making it somewhat hypothetical.

Ferrari Market Letter tracks actual reported sales, making it the industry standard.

There's a NADA Blue Book on Special Interest Vehicles, no idea how it stacks up...

 

Just for fun, I pulled out some old issues of Ferrari Market Letter. Love the 1989 Ferrari "bubble" Vol 14 number 25 9 December 1989.

Random listings;

3.2 Mondial Cabriolet, s/n XXXXX (1988 USA model) Red with tan interior. 4,400 miles. $200,000 FIRM.

Testarossa, s/n XXXXXX (1988 USA model) Fly yellow with tan leather. Perfect inside, outside and mechanically. 1,100 miles $310,000.

308 GTSi, s/n XXXXX (1980 USA model) Red with tan leather. Absolutely as new, not a scratch or chip, only 18,000 miles. $85,000 FIRM.

 

Can this be real?????????????

 

Right after Enzo died, (1988) the future speculative value was built in....

I recall in particular a white fibreglass 308GTB with blue interior, $115,000.

I bought in a few years later when they (steel NON CAT) started dipping below $30K......

 

yes the 89 prices were real and many were sold (and unfortunatly bought) at those #s. I have a friend who bought 3 $250K testarossa's and another who sold a $650K Daytona.

Those were in good $s not todays monopoly money

 

(Speechless)

 

In my opinion, it is not a monetary issue but rather a sentimental and passion issue - I love my 348, it is a dream come true.

 

thanks guys. very helpful as usual. im a complete newb at f-cars just trying to get well educated so i know what i am doing when it come time to buy one in the next year or so.

 

when it comes to buying a f-car. what does your general inspection consist of for private party and dealer?

 

That's simple - by "smiles per gallon"!!

 

To me, the ebay number seems closer to the trade in value. It's the "I'd buy it, shooting from the hip" number. It's the "sell it in a week" number. I think the retail asking price is typically $10k more than the ebay number, and the actual retail selling price is about $5k more than what you could get in a week or three on ebay.

The thing that blows my mind about those 1989 selling prices, is what those prices would be if adjusted for inflation.