2006 Ferrari F430 w/13xxx miles - $125k

Hi Folks,
Looking at a 2006 Ferrari F430 with 13xxx miles - The car is listed for $125k - I just had the PPI done.
1. Slightly Bent Front Wheels
2. 2011 Tires (Will need to change tires in 2-3k miles)
3. Rear Diffuser Scraped
4. Sticky Interior (Taken Care of)
5. Clutch 8%
6. Front End Creeks (Taken Care of)

I went and saw the car - it's in beautiful shape. Options are:
Red Brake Calipers
6 CD Changer
Battery Charger USA + Prewiring
Daytona Style Seat
Electric Seats
RED Insturment Panel
Scuderia Shields
Ball Polished Rims
Roll Bar Upholstery Color
Leather Rear / Door Mould
High power hifi w/subwoofer
Soft top color
All stiching in Color
Daytona Seat Leather stripes
Material for dashboard inserts

If I can get the deal at $122k .. Is it a good deal? Please weigh in your thoughts and options. I wish I could attach a picture - but it's RED w/ Tan leather SPIDER.

 

When you say the clutch is 8% - you are saying 8% worn with 92% remaining?
Did the wheels have road rash on the rims - strange that BOTH are bent?

For a Spider, I think it is a great deal, especially if it is exactly what you are looking for.

 

Well priced and perfect color.

 

very well priced and miles are low

 

Sounds like a great deal even if it needs a new clutch.

 

No. $90k wholesale? No way.

I think the price & miles are fair. The clutch question is a big one. I'm assuming it's got 8% remaining, but I could be wrong. Don't know for sure on that one.

 

Do you have evidence of this 90K number?

Dave

 

I'm somewhere in the middle of these two numbers. Been searching for 4 months for the right F430 at the right price. 06's with the mileage stated are "selling" in the 105 to 115 range. Wholesale is another world. 458 prices are dropping and consequently f430's are taking a hit. My 2 cents. Add a couple of grand for Spider.

 

The only US 06 430 spiders with low miles listed below 125K Since January I have seen have salvage titles. Red Tan, non salvage in excellent condition at 122K is a deal. Buy it and enjoy the ride! The prices are falling, wholesale price, my friend bought a blah blah blah guys aren't actually buying one they are looking at adds on e- bay craiglist and dreaming......

 

Price is reasonable for the market right now. There is a wide range of values for these cars. If you are flexible on color/options/mileage then you can offer 10 sellers $110, you will probably find one that accepts. If your goal is to get the cheapest 06 430 then do that. On the other hand, if you found the car you want, if it looks and drives clean and speaks to you, then buy it. You're certainly not getting screwed at that price.

 

So you walk in at a Ferrari dealer and ask wholesale/trade in value of 430. and expect a real response? really?

 

I find this really funny. Recently a guy had a 2002 360 spider advertised in the classified section. It was red with 10k miles. The guy didn't want to give out the price but he finally did. He said he wanted 98k for it. I responded that it would sell for 85k and the guy got insulted and said he could get more for it. Other people chimed in that I was out of line. After seeing your number on a 2006 430 spider I think I was overly generous. You would probably value that car at 70k. Of course I am just guessing. I think you are a little low on your 100k number on the 430 but not by much. I think you are more realistic about pricing than most people on here.

 

If you were serious why wouldn't they give you a real number. The Toyota and Honda dealer would.

 

I own an auto wholesale dealership and exclusively sell cars to independent used car dealerships. I also happen to own an 06 F430 so I follow the market closely.

Wholesale for a Red/Tan 06 Spyder with 13k is closer to $112k - $115k. Offering $100k is below current wholesale assuming clean accident history (carfax / autocheck). I would buy every one of these cars for $100k given the chance. See below for auction data for 2014 for these cars.

10/21/14 ORLANDO Regular $119,000 10,127 Avg SILVER 8G A No
04/08/14 PALM BCH Regular $118,500 15,408 Avg GRAY 8G A No
03/20/14 PA Regular $125,500 16,319 Avg RED 8G A No
02/13/14 RIVRSIDE Regular $85,000 56,065 Avg NERO B/B 8G A No
02/13/14 RIVRSIDE Regular $80,500 68,014 Avg ROSSO CO 8G A No
01/23/14 ST PETE Regular $118,000 16,201 Avg Gray 8CY A No
01/09/14 PALM BCH Regular $130,500 8,682 Avg RED 8G 6 No

 

And to answer the OP's question. $125k is a good deal. $120k would be a great deal.

 

10% seems to be the realistic goal for high end ($70k+) cars from my experience. Any money made on the back-end (warranties, marking up the financing rate, etc.) would be a bonus. Biased? Haha. I have no reason to omit any cars from the list, I simply copied and pasted the data from MMR but I left out all the cars before 2014 because that data would be outdated and somewhat irrelevant. Here is the complete list. Again, only 2006, only Spyders, sorted by date - most recent first.

10/21/14 ORLANDO Regular $119,000 10,127 Avg SILVER 8G A No
04/08/14 PALM BCH Regular $118,500 15,408 Avg GRAY 8G A No
03/20/14 PA Regular $125,500 16,319 Avg RED 8G A No
02/13/14 RIVRSIDE Regular $85,000 56,065 Avg NERO B/B 8G A No
02/13/14 RIVRSIDE Regular $80,500 68,014 Avg ROSSO CO 8G A No
01/23/14 ST PETE Regular $118,000 16,201 Avg Gray 8CY A No
01/09/14 PALM BCH Regular $130,500 8,682 Avg RED 8G 6 No
12/13/13 FT LAUD Regular $112,000 12,012 Avg Red 8G N No
12/12/13 RIVRSIDE Regular $125,000 7,612 Avg NERO B/B 8G A No
12/12/13 RIVRSIDE Regular $106,000 14,302 Avg BLACK 8G No
11/26/13 RIVRSIDE Regular $118,000 9,565 Avg GRAY 8G A No
11/14/13 RIVRSIDE Regular $125,000 7,404 Avg GRAY 8G No
09/18/13 ORLANDO Regular $135,000 1,907 Avg NONE 8CY N No
09/11/13 FT MYERS Regular $135,000 13,535 Avg RED 8G No
08/08/13 FT LAUD Regular $133,500 11,341 Avg Red 8G N No
07/08/13 ORLANDO Regular $127,000 11,326 Avg RED 8G No
05/30/13 RIVRSIDE Regular $125,000 13,461 Avg RED 8G No
05/02/13 TAMPA Regular $126,500 12,400 Avg Yellow 8CY A No
04/04/13 RIVRSIDE Regular $134,000 8,682 Avg GRIGIO S 8G A No
03/21/13 RIVRSIDE Regular $117,500 23,696 Avg BLACK 8G A No
02/14/13 PALM BCH Regular $129,500 7,724 Avg BLUE 8G A No
01/29/13 PHILLY Regular $116,250 15,100 Avg Silver 8CY A No
01/24/13 RIVRSIDE Regular $138,000 6,086 Avg RED 8G A No
01/24/13 PHILLY Regular $119,500 15,100 Avg Silver 8CY A No
11/06/12 HOUSTON Regular $104,500 31,454 Avg Yellow 8CY A No
10/02/12 ORLANDO Regular $135,000 9,046 Avg RED 8G A No

 

Only one 430 sold at auction since April? Not likely. Prices before September are useless.

 

This is only Manheim auctions, cars that went through Adessa or other auctions would not show up here.

Here are the 2005's

08/21/14 PA Regular $107,500 19,233 Avg YELLOW 8G P No
04/03/14 TAMPA Regular $122,000 6,801 Avg Red 8CY A No
03/13/14 RIVRSIDE Regular $110,000 18,187 Avg GRIGIO S 8G A No
01/07/14 RIVRSIDE Regular $128,500 10,281 Avg Red NON N No
05/16/13 PALM BCH Regular $105,000 23,090 Avg Black NON N No
04/04/13 RIVRSIDE Regular $118,000 10,552 Avg YELLOW 8G A No
04/03/13 PALM BCH Regular $117,500 21,058 Avg BLACK 8G P No
04/03/13 PALM BCH Regular $102,000 31,891 Avg BLACK 8G A No
02/19/13 ORLANDO Regular $112,000 16,878 Avg SILVER 8G M No
02/06/13 PALM BCH Regular $110,000 14,563 Avg RED 8G A No
01/31/13 PHOENIX Regular $108,000 23,515 Avg RED 8G A No

Here are the 2007's.

09/15/14 NY Regular $138,000 8,902 Avg Blue 8CY A Yes
09/04/14 PA Regular $119,000 17,780 Avg BLACK 8G P Yes
09/04/14 PA Regular $73,250 72,231 Below RED 8G P Yes
07/31/14 TX HOBBY Regular $100,000 15,276 Avg GRAY 8G A No
06/25/14 ATLANTA Regular $130,000 9,573 Avg GREY 8G A Yes
03/12/14 PALM BCH Regular $133,000 10,830 Avg BLACK 8G A Yes

 

At first I thought it was a good deal. But this afternoon I went to the FC section and went through a lot of the 430's that were listed on Ebay. Yes, many of these cars may have been rode hard and hung up wet, but many were around $115K, had low miles and complete service records. I think $100K may be low, but I think if you had the ability to offer $115K cash, you may get a better deal.

 

Not true coupes are selling high over 120 k with 18k miles

 

Update: Clutch 8% worn - 92% Remaining. I have given an offer - if they bite it .. I will be getting it this weekend

 

Yes - 8% worn.

 

Good luck!
I'm glad your thread resulted in some data graciously provided by one of the FChat members.

I stand by my original contention that wholesale on a car like this is not $90k, not even really close to that (and I don't know why the hell we're talking wholesale anyway - use that word in an FCar sale and you'll get laughed at). If that car could be had for $100k, I'd get out my check book. Realistically, it's going to be closer to $120k. Even at that, it's a pretty good score, so good luck.

Nice clutch by the way. Little bit curious as to WHY it was replaced when there's only 13k miles on the clock, but whatever.

 

I hope you get it. Let us know how it goes either way. I am sure it will be helpful to the next person.

 

I just bought at red tan 07 coupe with 8600 miles from an authorized dealer in very good condition. They told me they paid $130K for it, then CPO'd it and put some work into it. I would say on good cars you will pay a premium as always. In my research, I did talk with a wholesaler, at first he said he could get me a much better deal. I told him what I paid for the car, and he told me I got a great deal.