F40 quotation

dear all,
I'm investigating about a f40. please, could you help me regarding the actual quotation level? which is the right price for a good car in your opinion?
thanks a lot.

 

530 to 650

 

You can get a good car sub 400K.

 

god bless.

3 have traded in the past 90 days, 515K, 520k, and 540k...+/- $5k

 

shld have stated thats here in the US.

 

1. Please define "good".

2. Please put me in touch with the relevant party. Facilitation fee available. My contacts lie below.

Thanks in advance.

 

I thing you buyed veru cheaper, in my opinion de price today is arount 375.000 euros/520.000 us dollars, more or less
allways is posible to find one more cheaper, but a car with absoluty know past story, ferrari controls, etc, etc, this is the raisonable price

I own 40, MY CAR IS NOT TO SOLD, but this is my opinion

 

Your estimate is representing the current asking prices for F40s with a known and fair history in Europe at the moment. However, you should know from other treads that this
is a very sensitive topic on this chat...

Regards
Caley

 

Caley:

I note that exceptional Eu cars are closing in in USA F40 values. A client of mine in the UK with a very low-mileage car with impeccable maintenance history was offered what translates to be circa $600k US. However the range of values for F40s will continue to be very wide.

That's why I am curious as to what the mythical "good car sub 400k" represents. I think he means 400k GBP.

 

As an aside there is a virtually unused one that along with 20 other's (Enzo. F50, 333sp, MC12, Zonda etc) that will be sold soon.

This collection can be bought today complete but if it isn't it will likely come to auction at Pebble.

If someone wants to buy a very low mileage, very well maintained collection pm me.

I personally know these cars, how they were maintained, and have driven several of them. These are all one/original owner cars.

As for sub $400K F 40ies there are several for sale. These are good cars similar to the good one that sold all in for 385K at Pebble. They are not ultra low fetish cars and some have modded turbo's, exhaust and seats but I rate them as good and they are available.

Roland's is still for sale and while that is exactly what it is the rebuild he and others did on it was quality work using real parts including LM Parts, it's serious fast, sorted, runs to 200 mph (I followed it at that speed in my Mk-IV at FFQC in NOLA) and Joe and I feel it could be bought for 300K USD.

Make yourselves happy.

 

Jim do you know if the collection can be split up?

 

In my opinion, a good F40 is a car with a verifiable history, original condition, service history and all papers, milage 10 - 20 K kms. Those cars sell at EUR 375-425 K / GBP 340-385 K at the moment, especially in Italy. This is a parallell phenomenon to the old Porsche 911s which are most expensive in Germany, like the old cars are returning home...! In Italy at the moment, there is a range of cars in good condition priced even up to EUR 500-600 K as asking price. This is very high, and not normal only 6 months ago, so obviously the sellers are raising their expectations.

There are cheaper ones, but many of the so called bargains are without a verifiable history and even without papers,and it does not help if they are shiny red then - interest is lower and for a good reason. Renovating or even servicing an F40 is a massive cost, and just the fuel cells which are different from the US cars cost EUR 12 K to replace. The highest value cars are often with a Ferrari Classiche certification, or a possibility to do so if you whish. That rules out the rebuilt ones, no matter how fast they are.

The F40 is an iconic Ferrari, and the last masterpiece from Enzos hand. This means that a good car will always be expensive, and the future demand will focus on the good examples, because when you collect something, you usually go for the good ones. This is as I see it, but this debate is nitro as I have noticed. I think it is just very important to realize that a few cars without papers or of unverifiable background and high milage is not trendsetters for the future. Really, it is not more complicated than that.

Regards
Caley

 

Thx for the PM Jim.

 

Good perspective. You obviously follow this market closely.

 

Lots of opinions, but I shopped F40s for years and bought one and a nice, all original (except Tubi exhaust) car is hard to find under $400K and at that is likely to need work. Ours bought in 2008 was under $400K but had sat for 10 years and essentially needed to be recommissioned, including pulling fuel tanks and going over the car mechanically from stem to stern. No major problems, but that work added up when things like fuel pumps, some injectors, clutch, belts, tires and more needed to be replaced. On resale, this car is way north of $400K because (1) I don't have to sell it; and (2) I am unwilling to take a loss (actually it would have to be a decent profit to part with it). You might find more motivated or distressed sellers, but I'd wonder if they also cared for the car properly. I think the liquidity crisis of 2008-9 is over and you won't find many owners of original, well cared for F40s, selling them for under $400K. Maybe a rebuilt track car, hotrodded car, can be had for less, but I have race cars far faster than the F40 and wanted the correct car that represents the era.

 

Oh, dear I fear you may have opened up a can of worms! Over to you Jim......

 

The high end may remain stable but the low end is about to establish a new low.

 

I'd agree that the low end can turn a 20-year-old car into junk very easily, esp. an F40 that needs proper care and feeding and invites hard use. Bust up a front or rear clam and patch them for repair, irreversibly modify the car, neglect service on engine or transmission and cause damage and no way the car is worth $400K or even close to it.

The car could still be as good or better to drive than a more pristine version, however.

 

Exactly the point.

 

along those lines, I'd actually be interested in a "bargain" car that is mechanically sound and I coudl probably enjoy more and worry about less so send info my way if you have it.

 

I'm not a dealer. People ask my advise. I give it. The one that I spoke of a few posts ago is in active negotiation. IMO it's an interesting car at the price the buyer is offering to buy it at.

 

Sad to see that collection dissolved.....you should keep the 333SP for Old Time's sake...lot's of upkeep on that one, tho.

 

this the same car thats part of the collection?

 

No.

 

Jim: I can see that you too will on occasion exhibit a wonderful economy with words..