CS Market

SOLD. That was quick.
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Ez sale ^ prices r cheap

 

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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They listed the asking price at $230k

 

Does that mean someone traded it in on a Jetta?

 

Funny thing is that they also have a low miles one owner 2008 yellow Scuderia available!

 

They are listing the Scud with 1700 mi for less than the CS with 15k mi., 219k vs 230k.

 

No, traded for a VW Bug. lol

 

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!

 

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

 

How does a CS end up in a dealer auction? Repo?

 

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.

 

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.

 

This month's Cavallino mag claims current CS values from $120-130k. doh!

 

like some have been preaching on this thread......


BUBBLE BURSTED!!!

 

^^^ 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.

 

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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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.

 

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

 

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.

 

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

 

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.

 

Yup. Scuds are already on the rise, as are 16M's.

 

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.

 

Just took delivery of 133311.
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