Highest Price Ever Paid for F430 6-spd Gated MT

Is anyone aware of the highest price ever paid for a 2007~2009 Ferrari F430 6-Speed Gated Manual Transmission?

I'm in the market for one but feel when the asking prices are now about $100,000.00 more than the same model with a F1 Transmission, it's getting to be a bit ridiculous!

I have also noted many of the asking prices are being reduced after the vehicles have been listed for sale for some time with no takers.

Anyone responding would help to give me some sense of direction.

Thank You,

johnfe

 

Thank you all for your responses:

Unfortunately, Hagerty has not as of yet started the tracking of the Ferrari F430's. But if one looks at what they have to say about the additional price the manual 360's are getting over and above the 360's with the F1 Transmissions they suggest a $30,000.00 premium.

Taking into consideration the F430 is a later model it would seem reasonable to consider that the premium paid for a manual transmission vehicle over the F1's would be higher than that of the 360's. But quite frankly even a $80,000.00 to $100,000.00 additional premium borders on total insanity!

I have used the Hagerty pricing for the 360 as a 'proxy' to determine what would be a fair market value for the F430 and it comes in around the $200,000.00 mark for most of the low mileage vehicles with variant adjustments made for particular year of production.

Here's a case in point: Two 2007 Ferrari F430's both with low mileage this one has (4,246 miles), and seems appropriately priced at $179,888.00 : Which just may be the actual price paid, because I think this one may have already been sold, and appears to be very low for an asking price:

2007 Ferrari F430 Spider Stick Shift | Nero on Beige | EM 151218 | Exotic Motors Midwest |

Compare this to a second one I saw recently listed: also a 2007 Ferrari F430 6-Spd MT, with a price in the ionosphere of: $289,900.00 with actual miles of (7,038).

With such an enormous disparity in prices this makes purchasing one of these vehicles at what would be a 'Fair Market Value' a real challenge indeed.

What I have seemed to note is the when the Stock Market is doing more poorly the Ferrari prices seem to go up, whereas when the Stock Market is in full Bull mode the Ferrari prices seem to turn down as the Ferrari's seem to act more like Bond investments, rather than Equity investments. In other words a safer more secure tangible asset. Has anyone else noticed this or am I completely wrong about this?

So if one were to add an additional premium for the 6-Spd. MT F430, I would think that should be about $40,000.00 more over and above the asking price for the same vehicle in the F1 transmission version.

Thank you all for your input on this topic,

johnfe

 

To: Kevin Rev'n

You make a very valid point certainly worth consideration. so I thank you for bringing this to my attention, as I'm just a novice when it comes to learning about Ferrari's.

When looking at the Ferrari 599 GTB Fiorano made from 2006~2012 I learned that only a very small number of stick shift versions of that model were ever made with a grand total of 30; 10 for the European Market and 20 for the USA Market. Source Wikipedia. Note their following statement:
"The vast majority of the 599 GTB's have been equipped with the semi-automatic gearbox as apposed to the manual 6-speed gearbox. Only 30 examples have been produced with a manual gearbox of which 20 were destined to the United States and 10 remained in Europe."

Given the very small number of stick shifts made in this particular model one could only assume they would command a substantially higher price than that of the F1's in this same model.

Given the very small numbers of stick shifts available in this particular model (Ferrari 599 GTB Fiorano) I think it would be very difficult to draw a useful comparison to the Ferrari F430 stick shifts as many more stick shifts were produced in the Ferrari F430 series, wouldn't you possibly agree?

Were you aware only 30 stick shifts were ever made in the Ferrari 599 GTB Fiorano? Quite frankly this came as a surprise to me.

Thank you for your valuable input.

johnfe

 

To all who replied I thank you: This morning I have a 5 Mile walk to do before I go to a "weigh-in" so I'm pressed for time, however I'll respond to the first 2 new responses I read this morning, and the others a little later this morning.

To italiafan:

First I would like to say from what I have read my understanding is the highest price ever paid was AFAIR $235,000.00, will anyone challenge that?
Secondly I have made a cash offer and it was turned down. I then submitted a report tracking the values up to the present time by using a "proxy" (360 prices via Hagerty) by using the % differences up or down showing the vehicle wasn't worth the asking price. So I have made multiple offers. Lastly, I wish it was simple! LOL.

To: vrsurgeon:

As far as the Dealers are concerned; I have found that many of the owners of these vehicles are listing them via consignment thru the Dealerships. How that is effecting the sales of these vehicles I am uncertain. When it comes to using Aldous Voice to track these cars one runs into several situations. First there should be a higher demand for the sticks in the UK because fewer of these vehicles arrived in the UK in the first place.
Secondly you have the exchange rate differences affecting the prices due to a stronger dollar because of Fed rate bumps, not to mention how BREXIT changed things.
Because of the above situations this has only complicated the process. More on this later.

On that note, I must go now, more later.

Thank you all,

johnfe

 

Well I'm back:

To Themaven:

Thanks for the heads up on Aldous Voice, as I remember I had read an article by him comparing the differences between the Ferrari 360 and the Ferrari F430 as he has owned and driven them both. The article was intuitive and comprehensive, however I had no idea as to the depth of information he could provide, so thank you for this it was very helpful.

On the pricing for the F430 F1 vs MT in his January 2017 figures he shows the asking price Delta (difference) to be $46,027.16 USD after conversion. It's really a shame he isn't tracking the asking prices in the USA as they are a great deal higher which of course nobodies paying what the Dealers here are asking. But the real conundrum is why is that so; since more MT were brought into the US than were brought into the UK. Since, this creates a greater demand in the UK the reverse should be true but it isn't. Could the answer possibly be the folks in the US are greedier? LOL.

Here's something interesting which I haven't seen before. There is a 2009 Ferrari F430 F1 with only 2,040 on it and it's listed on one site for $184,900 and the same car is also listed on EBay for $160,000.00. What's up with that?

IMHO as far as the Ferrari 599 GTB Fiorano is concerned I completely discount that being used for comparison sake because that car is in a completely different class from the F430's, as it was their top end flagship model with a front engine V12. Therefore to me it really doesn't make any difference how many actual MT were made in that particular model. Quite frankly to compare the Delta's between the two vehicles is like trying to compare apples to oranges. The same would also be true when trying to compare Deltas between the F430 and the Ferrari 575M, as again the two cars are in completely different classes, IMHO.

To DK308:

Yes that's the 64 thousand dollar question as to how may MT vehicles were produced in the F430 Berlinettas and the F430 spiders. I've read that the total number of Ferrari 360's produced was 16,000 and some say more F430's were made the the Ferrari 360's but there's no confirmation of that to be found anywhere. To know that number is important because some Dealers argue that only 5% were produced in the MT. But it should come as no surprise that Dealer is asking $299,900.00 for his low mileage clean 2006 F430 MT vehicle. Sounds to me like he's lying about the 5% number to simply justify his exorbitant asking price! While I've also read some say 10% and some claim 15%~20% were produced in the MT version, so go figure.
I can't understand the veil of secrecy coming from Ferrari about these numbers, why not just let people know and allow the free market supply and demand sort it out. To me that would be a much fairer way of doing things.
Simply stated I just want to avoid becoming the smuck who paid the most money ever paid for a MT version, knowing it would be a long time before someone took that title away from me! LOL.

Thanks everyone,

johnfe