The way people talk here is looks like 430's are steeply declining in value even as spring approaches and it's replacement is 300K. Low mileage 06's coupe's going for 125? Really?
I wonder if we are getting into the price range where wannabees are starting to have hope and trying to acquire with low-ball offers/quotes.
Can't speak about late models, but the bottom end of the 430 market has been pretty firm for about two years. It took a big dump in late 2008. Early 2009, there were a few that sold for 100-110K but haven't seen any like that in a long time. A friend of mine bought a really nice red/tan low mileage 360 spider for about 90K in early 09 also. Lately, it seems like it would very difficult to find a 430 under 120K unless it has stories or very high mileage. I don't think this phenomenon is limited to Ferraris, a lot of high end cars bottomed in early 2009 and have since firmed up. Having said this, there are a ton of 430s on the market which usually foretells price declines. Dave
Based on my discussions with my dealer the base is $225K but with common options around $260K. I can see fully optioned hitting $300K.......Steve
You may be right, but these folks are going to end up screwing themselves if they do not understand the commitment that must be made to maintain these cars as expected. Buying one is not that hard with the current prices, but owning and driving them has not gotten any less expensive......Steve
I tried to spec one with the minimum of options that most would want and it came to 265. 275 must be very common. The gap between a 2007 F 430 coupe and a new 458 is over 100 grand. But, the difference between the cars is NOT 100 grand. F430's are a bargain. Why? "It's the economy stupid."
You know, the F430 isn't a difficult or expensive car to maintain. If it breaks, it's no different really than what you can be hit with on a 348. The 308/328 was the last Ferrari that was "cheap" to run, which is one of the reasons it's so popular today.
+1. I've spent less than 1K/year for scheduled maintenance over 5.5 years. I've spent more on tires and much more on brakes but I track the car. If not for that, I'd still be on the original brakes and second set of tires (19K miles). My 328 costs more to maintain though most of it comes in one big lump followed by years of merely changing oil. Also brakes last forever and tires are cheap. Dave
I should clarify that regular maintenance is very reasonable for such a great car. It is more that when something big goes wrong you may need to come up with $5k-$15k or more to get it back on the road. (E.g. the $65K convertible top or the $36K CCF Brake Job or the $16K F1 system going south) That can put folks on the edge out of business and then they are just watching the car sit in their garage for a while.......Steve
Local F dealer here is putting low optioned 458's on the showroom floor for about $265K, which includes dealer markup.
If you look around inventories are sky high. There is huge selection of F430's, Scuds, 16Ms, 599's. Its pretty sad when there is plenty of stock of a limited run car like the 16M available. Ferrari over produced the F430 series because of false signals that came from excessive credit inflation. When the real estate/stock market begin their next leg down expect another huge down leg in vehicle prices. Cash buyers are few.
I'm certainly not an expert, but I think they have retained their value quite well all things considered. 2006 f430 listed for ~170-200 and is now selling for $115-140.. that's about 70% of its value for a 5 yr old car... pretty darn good if u ask me esp considering econ.
How can Ferrari "over produce" when every car is built to order? What you really mean is that some people were just speculators with no real interest in owning one aside from flipping it OR people over mortgaged themselves with cheap credit. Anyway you cut it, it was owners who signed the dotted line before Ferrari built the cars. The only reason F430 prices have fallen this much is because the economy has been in a freefall, followed by a long stagnation. Compared to Real Estate, it's a marvel. Like I said before, prices now make the F430 a true bargain vs buying a new 458. I don't believe that will last forever.
Perhaps, but the gap may close due to 458's losing value in a couple years vs the F430 remaining fairly steady. There are 351 F430's listed on yahoo autos alone. Compare that to only ~160 360's listed and 20 458's. I realize this is just one random indicator of supply, but I still think the numbers say a lot. There is a lot of F430 excess supply to work through right now before prices would rise on the F430. I mentioned prices seem pretty constant, but I think a lot of that is simply due to dealers asking too much and the F430's just sit and sit; hence the big supply of them, with the few that are selling being in the $120k-$130k range mostly.
Usually, if there is a huge stock, it means they are priced too high. Otherwise, they move. Taz Terry Phillips
Thats exactly what I am saying. Easy credit fueled a massive boom in almost everything so a lot of people thought they were wealthy when they really weren't. This created a complete artificial demand for everything luxury, including Ferrari's. Ferrari ramped up production thinking this was real demand, compared to previous models the F430 was massively produced. Look how many low mileage F430's are scattered around dealerships. Its crazy that you can find dozens of 16Ms for sale in US and EU. Complete disaster on Ferrari's part being unable to analyze the market. Now they are going to be in big trouble sitting on a 400k FF when you can buy 3 F430's for the same $. How many people will be willing to take another 50-60% depreciation on new cars?
People to whom the depreciation is just another minor cost and no different from what they would see in an AMG Mercedes, a Bentley, or a Rolls Royce. People definitely not like me. Taz Terry Phillips
