CS Market | Page 277 | FerrariChat

CS Market

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

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  1. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
    Himalayas
    #6901 stokpro, Apr 18, 2015
    Last edited by a moderator: Sep 7, 2017
    SOLD. That was quick.
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  2. supratime

    supratime Formula Junior

    Mar 22, 2006
    597
    Ez sale ^ prices r cheap
     
  3. Mikestradale

    Mikestradale F1 Rookie

    Jan 25, 2006
    2,608
    Netherlands
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    #6903 Mikestradale, Apr 20, 2015
    Last edited by a moderator: Sep 7, 2017
    ZFFDU57A040137965 is for sale by Union Volkswagen in NJ. So that's 3 silver cars for sale in the US at the moment.

    Argento Nürburgring
    Black alcantara interior
    No stripe
    Radio
    Fire extinguisher
    Red calipers
    Red stitching

    Mileage 15680 miles
    Asking price $CALL

    Link to registry: Challenge-Stradale.com - Ferrari 360 CS VIN 137965
    Link to dealer ad: Used 2004 Ferrari Challenge Stradale For Sale | Union NJ
    Link to cars.com ad: 2004 Ferrari Challenge Stradale , - Cars.com

    No photos posted yet, here's an archive photo
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  4. jet

    jet Formula Junior

    Apr 12, 2004
    837
    Bay Area
    They listed the asking price at $230k
     
  5. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    Does that mean someone traded it in on a Jetta?
     
  6. jet

    jet Formula Junior

    Apr 12, 2004
    837
    Bay Area
    Funny thing is that they also have a low miles one owner 2008 yellow Scuderia available!
     
  7. jehu999

    jehu999 Formula Junior

    Dec 2, 2011
    670
    Coastal Central Fl
    Full Name:
    James
    They are listing the Scud with 1700 mi for less than the CS with 15k mi., 219k vs 230k.
     
  8. stokpro

    stokpro F1 Rookie
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    Jun 25, 2003
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    No, traded for a VW Bug. lol
     
  9. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    I'll be the guy didn't know what he had. Took his "old Ferrari" down to the dealership to trade it in on a new car. VW dealer did an even trade. Cha Ching!
     
  10. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
    Silver Subscribed

    Jun 30, 2007
    99,785
    for some reason a lot of VW dealers do a decent side business in high end cars (I can think of several that do this off the top of my head). my guess is they bought this CS at auction or some kind of wholesale deal with another dealer.

    check their used inventory on cars.com....CS, Scud, Masers, Porsches, a Bentley, etc

    Union Volkswagen - Union, New Jersey: Used Cars for Sale - cars.com
     
  11. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
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    How does a CS end up in a dealer auction? Repo?
     
  12. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    Jun 30, 2007
    99,785
    lots of ways...another dealer has it and can't get rid of it (unlikely here), or needs to dump it, or a finance deal (lease end (also unlikely here), repo or other default), etc...cars ending at dealer auctions aren't necessarily a bad thing, they're just an instrument/marketplace.
     
  13. John B

    John B Formula 3

    May 27, 2003
    1,564
    NJ
    That's my old CS. I brought it to my local F-Dealer for a belt service & mentioned I was thinking of selling it. They bid me way low and I passed. One of their other customers saw it and they gave him my #. We ended up doing a quick deal w/o the service. He mentioned he also owns a yellow Scud. I didn't know he was a VW dealer, but then again I didn't ask. I think I sold at last months prices though...

    If anyone is interested, it's actually a very nice car. I was the 3rd owner, put 10,000 miles on it in the last 7 years. Very trouble free. No stories car.
     
  14. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
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    This month's Cavallino mag claims current CS values from $120-130k. doh!
     
  15. marknkidz

    marknkidz Formula 3
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    Oct 7, 2004
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    so cal
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    like some have been preaching on this thread......


    BUBBLE BURSTED!!!
     
  16. sunir

    sunir Formula Junior

    Oct 30, 2014
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    ^^^ I don't think it's going to go down to 120-130 but I do think there's a bubble and the prices will come back down for a period of time in the 150-160 range before going back up again in a more gradual and deliberate climb. This is not uncommon for Ferraris, i.e look at 275 GTB values over the past 2 decades.
     
  17. rockminster

    rockminster Formula Junior
    Silver Subscribed

    Nov 20, 2003
    874
    Lake Tahoe
    It is my observation that the CS' in general and the best CS' in particular are settling into the hands of long term collectors/owners who don't own the cars speculatively, haven't purchased the cars with debt, and won't need to sell if the markets take a hit.

    Ask yourself how many CS owners you know who are in a place where they might be forced to sell their car? My guess is very few.

    The limited supply will support CS prices. Doesn't mean prices can't drop, but I think CS' outperform the market both in limiting downside and and in terms of upside appreciation.


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  18. drivhrd

    drivhrd Rookie

    Sep 30, 2006
    39
    SF Bay Area
    You are wise not to sell either. I suspect you would indeed regret it. Are there faster cars? Absolutely. Are there cars that provide a more rewarding driving experience? Very, very few, at least as far as I'm concerned. I'm lucky enough to have both a CS and 996 GT3, and I have no intention of ever selling either - regardless of what happens with prices - simply because I know it would be so hard to replace the driving experience with something else.
     
  19. sunir

    sunir Formula Junior

    Oct 30, 2014
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    For driving experience alone (not value , or any of that), F430 Scuderia could give you the "replacement" driving experience you may be seeking ...
     
  20. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
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    Yep, I agree. Prices *may* come down a bit, but not to 120-130k level for clean, no stories CS'. Those days are long gone. Supply and demand will keep prices afloat.
     
  21. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,255
    I don't know - given where other cars are trading clean CS shld be well over 300k....id take a CS over a 512M every day
     
  22. FerrariFL

    FerrariFL Formula Junior

    Dec 2, 2012
    526
    I can't help to think the Scud is about to go on the same incline the CS has experienced in The past 12 mo. I know there were a lot more made but it is too good of a car not to you. Just my .02.
     
  23. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,383
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    Yup. Scuds are already on the rise, as are 16M's.
     
  24. FerrariFL

    FerrariFL Formula Junior

    Dec 2, 2012
    526
    I know off topic, but it will be interesting to see what happens with the Speciale market. This car truly marks the end of an era.
     
  25. blueTT

    blueTT Rookie

    May 16, 2004
    36
    SoCal
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    Winston
    #6925 blueTT, Apr 25, 2015
    Last edited by a moderator: Sep 7, 2017

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