Always the same, new model comes out, lot of owners trade up and Market becomes saturated. Scud is still a special car, prices will stabilise and at some point may go the other way. Who knows. 458 prices will soon start to drop as Market becomes saturated, it's just the way it is. McLaren is on the horizon, will follow the same pattern, strong residuals, saturated Market and on we go - you can't make 4000 cars a year (this is Mclaren goal) and not face the same Market forces. JUST ENJOY THE CARS.
Did they make too many cars or did too many WANT them -- and then sell them later? Is it Ferrari's fault if a lot of people order them and then resell them 2 years later? As far as I can tell, they never announced this would be a limited production car (as they did the 16M).
A lot of guys like me wouldn't want one because the wife would never want to get in it. Others would want one because the wife would never want to get in it. Personally, I have to have a convertable. I'd go nuts for a Rosso Dino scud spider. Love to buy the one for sale right now on cars.com. Too bad it's twice what I had to bring myself to pay for my 430. Well, it's just all about strike price. I'm aware of depreciation on my vehicles like most everyone else. I just pay to play and hope my payments keep up with it. Past that, if you're cryin' over it, you shouldn't be buyin' it in the first place.
I've been looking since I sold my CS, and I'm still seeing a declining market which is surprising me. Has to be a supply issue, and there are many more available compared to when I bought the CS. I think that is the issue. CS was much more limited so the supply more closely matched the guys who wanted them. Still, they are great cars and are becoming pretty darn good values. I doubt they will appreciate any time soon though. Best thing is to just enjoy it if you already have one. And if you're shopping like I am, set your price and buy when one with the specs you want falls into that number.
It always surprises me that threads like this continue to arise where the posters are all "surprised." Why are you surprised that prices for Scuds are falling? They're used cars! "My [insert car name here] has lost value over the past 6 years and I'm so shocked. It's such a great car." LOL! "I've had my GE microwave for the past ten years and it's lost value every year. I'm in shock, it's such a great microwave."
It's the zero's. Your microwave doesn't depreciate by the average cost of a detatched home in middle america every few years. Looking forward is so much better than looking back. To heck with the depreciation on my car. I'm rooting for a good depreciation curve on my 458 spider, which someone will buy for me in the next couple of years, keep garaged and make payments on for four or five more so I can buy it from them at half price with under 5k miles. That's what I'm talkin' bout.
I have a 08 Scud and am thinking of doing the same thing - I track a lot but also my wife is now tracking and my daughter somewhat - I was going to get a used challange(430) to keep them safer if the worst happened on the track but with the falling prices of the scud - why get another car and now have two to maintain - this way you are safer on the track and still have a street car
Hey that was my idea first I need to make friends with some 458 owners now so I can strike when they are most vulnerable....hee....hee...hee. Though in all honesty, I hope to be in a position to buy a new one at the end of this year made to my specs and to hell with what its future value will be when I am done with it.....Steve
Yeah, they are in my range. Just looking for the specs I want. I missed a couple that fit the bill. There's going to be one that works for sure.
I have the same microwave and just naturally assumed it had gone up in value? Is this really true? Tell me it's not. I need a drink.
My friend has a Honda that's so economical she actually sees the gas gage go up a little on short trips.
I'm not surprised at the fact the SCUDS are depreciating. It's the rate of depreciation that's surprising. We're talking about $300K+ cars losing 30-40% in the first 18 months. Based on past history for F-Cars that's extreme.
In the last 6 years that is about average - $100.000 plus per new car with trade or sale - that has been my experience with my last 4 cars - some better some lower
http://cgi.ebay.com/ebaymotors/Ferrari-430-2dr-Coupe-2009-FERRARI-430-SCUDERIA-USCARBON-MSRP-297-857-STRIPE-_W0QQcmdZViewItemQQhashZitem5197cd8eaaQQitemZ350439181994QQptZUSQ5fCarsQ5fTrucks any info on this car. carfax start at 8500 miles, instead of the delivery miles
Great car but the trajectory does not look good unfortunately. Dealers don't want the risk of catching a falling knife and many already have several examples on consignment. Yes, $160K seems to be the trade in number. Ask me how I know. Saving those miles for fear of depreciation or shying away from track days just went out the window.
Interesting that the Scud prices are falling so much, yet the Strad prices remain RELATIVELY firm...especially the clean ones. I've noticed the same with the new Porsche GT3 RS....the second-gen cars are tanking in value, and the first generation cars haven't moved more than 10% in the last year.
The CS is 6+ years old now versus 2+ on the Scuds. Much further along on the depreciation curve. I'm sure it was mentioned earlier but there are also far less CS's to go around than Scuds. The Scud didn't arrive to market in the best economic climate either, so surely that's had an effect as well. A big a fan of the Scuderia as I am, these should have never been $300k cars. Prices have adjusted accordingly.
+1 The other thing to add is that CS prices did suffer when the 430 was launched, people trading up to 430 did cause a larger number of CS's to be available for a period of time and hence forced prices down. Prices have since recovered after people realised that the CS was quite a different beast to the regular 430 and now of course they are running at far higher prices compared to early 430's. Will this happen with Scud and early 458's? Not driven a 458 so I can't really comment on the difference - out and out performance of course is not the only criteria people look for, the thrill of the drive is so important.
I'm very certain now is at the very least, the right time to trade CS for SCUD (having done that 1 month ago). The SCUD gearbox alone will have significant emotionial/thrill value in due course vs the unemotional (and heavy 458 DSG) and net net net the CS is underpowered in torque terms, the SCUD sits nicely in the middle, only problem is there many thousands of them around. By the way how many 458's are being built a year ?? Fwiw some SCUD's in Switzerland are bizarrely now cheaper than some 430 coupes, something is definitely wrong there
