What should I offer 09 Scud 1k miles | FerrariChat

What should I offer 09 Scud 1k miles

Discussion in '360/430' started by scott40, Nov 30, 2010.

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  1. scott40

    scott40 Formula Junior
    Silver Subscribed

    Apr 4, 2006
    953
    Ohio
    Full Name:
    Scott
    I was asked to make an offer. Car is 1k miles. corsa, stripe, alcan, red calipers. Looking for some realistic numbers guys. I am considering offering 190k. Too much? Too little? Car has been sitting for a good while.
     
  2. ferrame

    ferrame Formula 3

    Mar 2, 2005
    1,196
    Orange, Calif
    I don't think $190k offer is too much for an 09' scud. If I were looking for an 09' scud, I would hesitate to pay any number more than $200k. Good luck with your search.
     
  3. thoang

    thoang Formula 3
    Owner

    Apr 12, 2004
    1,990
    SF Bay Area
    Full Name:
    Tuan Hoang
  4. F430GT

    F430GT Formula 3

    Sep 29, 2005
    1,300
    Marco Island, FL
    $150k, if not accepted walk away, eventually it is going to get there. The longer you wait, the cheaper you can get it.
     
  5. Joe Mac

    Joe Mac Formula 3

    #5 Joe Mac, Nov 30, 2010
    Last edited: Nov 30, 2010
    ...and eventually the Dolphins will win a Superbowl...who is to say when either will happen but my opinion is that you should buy were you feel comfortable, Scott, and not worry about waiting annnnnd waiting annnnnd waiting for the bottom.. See, there isn't one on these machines. as far as an offer, no "comfortable" seller will sell an 09 with 1k for less than $200k IMO. so, if you are comfortable at $190k, would you both be happy at $195K if it is the right car for you?
     
  6. ferrame

    ferrame Formula 3

    Mar 2, 2005
    1,196
    Orange, Calif
    Is it real or just a dream? Yes eventually....... but when?
     
  7. euro_king

    euro_king Formula Junior

    Mar 18, 2009
    759
    San Jose, Jakarta
    Full Name:
    Jastien Weiss
    I think Tuan is right 185k seems to be a good starting offer.
     
  8. scott40

    scott40 Formula Junior
    Silver Subscribed

    Apr 4, 2006
    953
    Ohio
    Full Name:
    Scott
    Well 185 was balked at...
     
  9. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
    Balked and countered? Or out right rejected?

    What was MSRP?
     
  10. scott40

    scott40 Formula Junior
    Silver Subscribed

    Apr 4, 2006
    953
    Ohio
    Full Name:
    Scott
    He didn't counter and stated that prices in their area aren't down to those levels yet. Meanwhile, the car has been sitting there since at least August. MSRP was 308k I believe.
     
  11. anunakki

    anunakki Seven Time F1 World Champ
    Owner Rossa Subscribed

    Oct 8, 2005
    78,816
    Las Vegas Nevada
    Full Name:
    Jerry
    its not a game. If you really want the car and can afford more then offer more.

    If the car isnt worth more than $185 to you then leave it be.
     
  12. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,179
    Australia
    Full Name:
    Paolo
  13. F430GT

    F430GT Formula 3

    Sep 29, 2005
    1,300
    Marco Island, FL
    when? 3 or 4 years, when the new 458 Corsa shows up with its $300k msrp, 600+ Hp, 2,900 lbs.
     
  14. jeff

    jeff Formula 3

    Feb 19, 2001
    1,924
    North America
    I sold my 2008 Scuderia a few months back. I'm back in the market looking for a 2009 Scuderia. I'm offering $180-185K. In February I'll be dropping that number by another $10K. The problem with some Scuderias is that they have been sitting on dealers' floors for 6 months or longer. Dealers have too much money invested in the cars to let them go for $190K. That being said, I did make an offer of $185K for a 2009 with low miles. I know for a fact the dealer paid $215K for the car. The dealer wasn't ready to take a $30K loss but he didn't act insulted at my offer. I'm in no hurry so I'll keep trying. Your offer price of $190K is generous.
     
  15. Buxton

    Buxton Formula Junior

    Oct 31, 2010
    484
    Full Name:
    B Buxton
    You should never offer, make them tell you what they want.

    Think of it as a game and the first person to say a number looses. If they don't know the number they expect to sell it for then they're fishing and not selling. Every negotiation takes two side to participate, looks like you're the only one participating.

    Buxton
     
  16. Masher44

    Masher44 F1 World Champ

    Jan 15, 2008
    12,674
    Exactly. He would have balked at any first number offered.
     
  17. scott40

    scott40 Formula Junior
    Silver Subscribed

    Apr 4, 2006
    953
    Ohio
    Full Name:
    Scott
    Agreed that dealers have too much invested in them. At some point, someone is going to realize that to sell, they are going to have to take a loss. That is the case with this car. It was a trade on an early 458. Sure I'd love to pick it up, but it's winter...I can wait. I just told him to keep my info and call me when my number works. If it doesn't work with this one, I will just move on to another one.
     
  18. Joe Mac

    Joe Mac Formula 3

    In march 2010, I made an offer of $245k on the black 08 offered by Miller Motorcars. After being denied I bought my 09 scud from Gianni at Long Island. Today, Miller still sits with the 08....listed at $222k now. Most dealers aren't able to execute using logic
     
  19. g4titan

    g4titan Formula 3
    Owner

    Feb 6, 2010
    1,196
    Around
    Full Name:
    Nico
    It will come around and you'll be happy you didn't pull the trigger in the heat of the moment rather with logical and rational thinking.
     
  20. MikeR397

    MikeR397 Formula 3

    May 9, 2010
    1,469
    SE Michigan
    I think thats a good strategy, esp in OH. The dealer's gotta figure the car won't get much interest in Dec - March while there is salt/gravel on the roads. Furthermore, along those same lines, how much are you really going to drive it before March? I think the car is a piece of art, and I would pay to look at it parked in my garage while it depreciated, but there is a limit on this. If someone else who owned a Scud asked me if I wanted to pay him $10k to park the car in my garage and I wasn't allowed to drive it much, if any, and I'd have to give the car back to him 3 months later, no way in hell would I pay $10k for that privilege. Assuming the facts are true and you agree with the proposition, then there is no reason you'd be willing to pay $10k higher now than what you'd be able to buy the car for in the spring.

    I realize I just injected rational thought into a F-car purchase, usually something that has no right in the decision or we'd never be able to splurge on these machines, so apologies! :). That said, if the $ didn't matter and/or you really wanted the car now, the ~$10k price negotation wouldn't matter and you'd already own it ;).

    Regardless, I'm wishing you the best of luck, and I promise to met up with you in Cinci one day to check out that beautiful Scuderia!
     
  21. thoang

    thoang Formula 3
    Owner

    Apr 12, 2004
    1,990
    SF Bay Area
    Full Name:
    Tuan Hoang
    Dealers are faced with a dilemna. I've seen that most of their inventory is consigned. The stagnant inventory, for any who's looked, reflects the unwillingness of their owners to accept reality that their depreciating asset has fallen so much in just 1 to 2 years. Most of the Scuds MSRP'd close to 300K and many above that. Now comes the 2010 458 Italia. It arguably looks better, is faster, drives better, has more power, and priced less than the Scud. The 2011 Italia's are just around the corner, unless they're already here. The reality is there are fewer qualified buyers for both cars. Ferrari will build as many 458's as they can sell. The law of supply and demand has punished existing Scud owners. 458 owners will face the same reality.

    The stagnant inventory only hurts the dealers, which is why they don't list everything on the internet. For a consigned car (offered for sale for many months), there is a point when the dealer will ask the owner to lower his asking price or simply ask the owner to take back his car. Consigned cars don't cost the dealers much in advertising cost, but it certainly hurts the value of their own cars that are floor planned. Buyers like Scott have a price point. Whether the dealers like it or not, he dictates the market value of these cars. Which is why so many sit unsold.
     
  22. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
    #22 Prancing 12, Dec 1, 2010
    Last edited: Dec 1, 2010
    From my experience, many of the colder/snowy locales see a 'bump' in Ferrari pricing come March/April when the snow and roads clear.

    I hate to take away from your logical post, but most owners and dealers I know already price in this 'holding' period in their negotiations. Now, if a dealer has already had a car in stock for a long time, they'll be into it wrong no matter what and these points are invalid.

    However, for dealers in colder climates, I know many that are actively searching for inventory now, knowing that they'll (a) make a better buy now (b) have to carry it through the winter but (c) will get more for it in the spring by holding out.

    Sorry, the secret's out ;)
     
  23. SrfCity

    SrfCity F1 World Champ

    Why don't you just find one elsewhere? If the guy is telling you they're not at that level there, than try somewhere else. Just for kicks pretend you have one for sale and see what dealers would offer for one. I'll bet not much more than $170K if that, maybe $160's? Just go on the FNA site and see what dealer's have and start throwing numbers out there. It might take buying a car that's been turned in more recently to motivate a dealer to let it go for less? Wait until the end of this month or Jan., Feb. when zip is happening at the dealer.
     
  24. Derek at FoD

    Derek at FoD Formula 3
    BANNED

    Jun 10, 2004
    1,924
    Denver
    Full Name:
    Derek Fennig
    I don't mean to be rude but where do people come up with these numbers? $150k-$190k for a 1k mile '09 Scuderia? Really?

    I'm currently watching a dealer auction a 4k mile '08 Scuderia and the current bid has almost reached $180k.

    Wholesale for an '09 is still +/- $200k depending upon colors/mileage and that's the reality.

    Sorry...I'll get off my soap box for now :)
     
  25. alcc

    alcc Karting

    Sep 2, 2010
    183
    Santa Barbara, CA.
    Thanks for restoring some sanity.

     

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