CS Market | Page 76 | FerrariChat

CS Market

Discussion in '360/430' started by stokpro, Mar 13, 2010.

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  1. testdrv321

    testdrv321 Formula Junior

    Oct 31, 2010
    259
    Long Island, NY
    Full Name:
    Edward Newman
    #1876 testdrv321, Mar 22, 2011
    Last edited by a moderator: Sep 7, 2017
  2. 430rcks

    430rcks F1 Rookie

    Dec 26, 2009
    2,737
    West Palm Beach
    Full Name:
    Jason
    Congrats! :eek::eek:

    Oh, how I've been trying to get my hands on one of those for a shoot for so long.

    Enjoy in the best of health!
     
  3. J. Salmon

    J. Salmon F1 Rookie
    Owner Rossa Subscribed

    Aug 27, 2005
    4,367
    VA
    This thread needs a bump.

    How about dragging up this car again? I believe the stories run deep. It's hard to place a value on something like this, but it has been for sale as far as I know for several years:
    http://www.cavallinomotors.com/index_m.html

    Thoughts?
     
  4. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    Its actually been $149,000 on their site since they first put it up. I don't anything about that car other than what comes up when you google the VIN...sounds pretty cool if it all checks out. If I was still in the market for a CS this one would be at the top of the list.
     
  5. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    I've never seen that car...they sure are asking a lot!

    Three F-chatters (at least) bought CS's in the past couple of weeks...so the market is working on the rare occassion with buyer/seller come together...that said, there are several cars (some with stories, some relatively minor, some larger) that have been on the market for many, many months...
     
  6. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    There are 3 new ones on Ebay that look really nice. Of course, maybe they're not new but I don't recognize them.
     
  7. J. Salmon

    J. Salmon F1 Rookie
    Owner Rossa Subscribed

    Aug 27, 2005
    4,367
    VA
    The listing has been there since before the bubble popped. When I first looked at it, good cars were near to 200k, and this one was a really tempting price. This is the car with the yellow roll bar and stories that include "the roof being cut off by a chain".

    Hard to really judge the real deal now.
     
  8. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming

    The three are:

    The 3k mile car at Ferrari of Ftl Lauderdale discussed earlier, at $149k came on the market about a month ago. Has gotten some best in 'class' at local shows in Florida. Google it.

    The one at Exotics Classics with 6k miles has been on the market since January - I actually emailed and called them several times, even spoke to them once or twice. They absolutely are either incompetent (if they are in the business of sellling cars) or they simply didn't want to sell it. I can say that because they didn't try at all to sell it to me. Wouldn't return my calls or emails. I finally talked to them and they said they would send information but it never came. I fnally gave up!

    A relatively new one to the market at the Aston store on Long Island with 10k miles
     
  9. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    What do you mean by that?

    I can tell you what the actual sales have been for over the past 3 months (well, most of them anyways and I could give a pretty good guess on the others)...based on what I know of the market...

    An 18k mile care should sell for around $110k if it was in great shape with no stories. If an 18k mile car were to have some prior damage and non-stock modifications, then less.

    Anyone looking for a high mileage but solid CS should get the one at Fof Seattle which is now down to asking $118 including a to-be-done $3k service (belts and fluids). They also just got a new 23k mile car that they are asking $115k for (I don't know anything about that car). There are plenty of 15-20k miles CS's with asking prices under $120k now...

    So...I can judge the "deal" on the blue one with an asking price of $159k pretty easily!
     
  10. J. Salmon

    J. Salmon F1 Rookie
    Owner Rossa Subscribed

    Aug 27, 2005
    4,367
    VA
    Well I have been out of it and HOLY SMACK I am now back in. Thanks very much.
     
  11. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    Cool...go get one!

    Assuming the car actually exists and they actually want to sell it (!), the 6.2k mile one at Exotics Classics has the best asking price/mileage ratio right now (also assuming its a solid car with no story and the PPI checks out). I know nothing about the car except the mileage they state and the $125k asking price...they were asking $139k a month ago when I tried in vein to get them to use that new fangled phone thingy or that crazy email thangy and do their job (well, assuming selling cars is part of their, ya know, business).
     
  12. BRADAN

    BRADAN Two Time F1 World Champ
    BANNED

    Aug 29, 2009
    22,661
    West Babylon, NY
    Full Name:
    BRADAN
    #1887 BRADAN, Apr 1, 2011
    Last edited by a moderator: Sep 7, 2017
  13. testdrv321

    testdrv321 Formula Junior

    Oct 31, 2010
    259
    Long Island, NY
    Full Name:
    Edward Newman
    There's my girl! Thanks for taking the pics :)
     
  14. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    That blue looks stunning. I would like to see one of those in person (only seen red and grey).

    Are you having some work done at Braden first?
     
  15. testdrv321

    testdrv321 Formula Junior

    Oct 31, 2010
    259
    Long Island, NY
    Full Name:
    Edward Newman
    Thanks, I love the blue cars, so classy.

    Yes, they are doing a full annual; changing the oil, gear oil, coolant and brake fluid as well as the filters.
     
  16. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
    Himalayas
    Former Fchatter's CS. Has been for sale since Aug. 2008.

    Lots of activity in CS land again. Spring is in the air and summer is near. While there are several CS's to choose from, I haven't seen CS inventory this low in awhile. Couple sharp examples out there and prices stabilizing a tad?? I've seen a couple dealers actually raise their prices....

    BTW, for folks in Canada looking for a CS, there's a nice nero (black) one at F of Quebec.
     
  17. bayareaferrari

    bayareaferrari Formula Junior

    Dec 19, 2004
    672
    California
    So, if you are stating asking on a 15K-20K mile Stradale is $115K-$118K then the low mile ones should be trading in the $120K-$130K. Would this be a correct assumption?

    Do you think the Stradale will hold value over the 430's with the 458 now showing on the used market?
     
  18. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,505
    Wyoming
    #1893 arizonaitalian, Apr 3, 2011
    Last edited: Apr 3, 2011
    First, to be certain of what is out there, just look on cars.com, autotrader.com, ebay.com, dupontregistry, etc, etc. I stopped studying the cars on the market about a week ago when I got my car. From what I recall prior to that, there were a couple of 3k mile cars at $149k asking and a couple of 6-7k mile cars with askings in the high $130s (although, as I mentioned in an earlier post, the 6k mile car at exoticsclassics is now at an asking price of $125k). There are some crazy asking prices too. For example, the red car at Steve Harris is at $149k and has been there for many, many months and is (IMHO) overpriced by $25k.

    Obviously the amount of mileage matters to value. So to answer your question you would need to cite an actual mileage, not just "low mile ones". I actually did some statistical and graphs on the price/mileage curve and found that its not linear. Meaning that I found that cars with mileage below 10k were in one price cluster range and then there was a big/non-linear drop off in asking price as one got closer to 20k mileage.

    That said, there are many opinions on how to factor in mileage on value among members here. I have my view. FWIW, I generally factor in condition and the state of wear related items (clutch, brakes, tires, belts, fluids). And then add a pure "market value" factor for higher mileage too. For me, I basically took a reduction in price if the wear-related items were closer to needing to be replaced on the next owners' dime (based on the cost of those items) and then took $1-2 per mile as a general value deduct. While there are always some outlierers, I found generally that my "model" for determining a market price "worked" when applied to most cars on the market (at least the one's I negotiated to buy and/or used as reference info based on known sale prices).

    To make an example. The car at FofSeattle with 21,838 miles is higher mileage. True. But it must have had a clutch done already (I could not get an invoice to prove this but the wear is very little). The tires are okay (the dealer was going to replace one axle). The brakes are fine. The fluids and belts will be brand new when sold. So, even though its 22k miles, its wear items will be such that the new owner will not have to put money into those items for a while. So, it gets a general value deduct for the higher mileage under my "model" but no penalty for wear-related items.

    Another example is the car I bought. Within the next year it will need tires, belts and a clutch. That is big $ and I deducted a large portion of the costs to do that work from my value for that car. I also deducted some for the 13k miles it had (when comparing it to the 6k mile reference sales I was familiar with).

    Oh, another factor I had to include in my market analysis and value determination was the options on the car. Factory stripe is worth something it seems (regardless of whether any one buyer/seller/owner thinks they prefer it or not - I was told there are only 30 factory stripe cars in the US by an F-chatter yesterday, but have no idea if that is true). I also added value for leather interior (again, it is a preference item, but to me makes it rarer and will age better than the alcantara) and a bit for the factory fire exting and stereo and spare tire and so...not a lot for these items but I did factor it in.

    Of course, the cars' history and maint records and ownership records are at least as big of a factor as mileage and options...

    Anyways, hope this helps. You can PM me if you want to discuss further.

    I'm not sure what you mean by this? If you mean will they depreciate "less" (dollars or percentage?) than the regular F430 and Scud, then I am guessing since they cost less and are further down the curve that they will depreciate less in dollar terms (big duh).

    If you mean with the CS be worth more than those cars? I also would venture that Scuds will always be more because there is a lot more car there. I suspect a 2005/2006 regular couple F430 might fall below an equal mileage CS (I think this is already happening for the very low mileage cars and may happen for the 10-20k mileage cars in the next year or so)...who knows, but that's my guess...there were only 350 of these brought to the US and they are pretty unique and special cars. YMMV...
     
  19. SlickMurphy

    SlickMurphy Formula Junior

    Aug 18, 2004
    275
    Essex
    Full Name:
    David
    Any hot tips on a nice CS for sale in the USA?

    David
     
  20. ewright

    ewright Formula Junior

    Nov 17, 2003
    611
    Gents,

    Does anyone know of the actual sale price for any of the CS's sold in the past month? Thanks in advance for any information or advice you can contribute.

    ernie:)
     
  21. bayareaferrari

    bayareaferrari Formula Junior

    Dec 19, 2004
    672
    California
    3 sold in the Bay Area for $137-$149K
     
  22. skudred

    skudred Karting
    BANNED

    Jul 3, 2008
    70
    SOCAL
    Full Name:
    Sid M.
    Yes mine, I'm thinking about listing it. PM and I'll reply in detail


     
  23. ewright

    ewright Formula Junior

    Nov 17, 2003
    611
    If anyone knows of a nice Grigio Titanio stradale for sale, please drop me a PM

    ernie:D
     
  24. bayareaferrari

    bayareaferrari Formula Junior

    Dec 19, 2004
    672
    California
    I spoke with a guy selling his Grigo CS 2 months ago. He was in the $150 range and had 2 offers at $149K. My guess as the car was very clean and under 12K miles he will get what he wants. Just a guess based on the CS my friend just paid $150K for 2 weeks ago before it even came on the market..
     
  25. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    Is there something wrong with the CS's on EBay asking a lot less than this?.

    I bought my CS last November.... Should I put it up for sale for profit?
     

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