Starting to see a lot more cars on the market

A beautiful 458 convertible with the right options just showed up on here for $199k. I've definitely noticed an uptick in cars for sale recently, but it's hard to tell if its economy driven or just people holding out for the driving season to get going to try and get a better price.

 

Which one? Did I miss something?

 

I think that was a typo ..299k

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Hah yes indeed, at 199K I'd have sent a cashier's check sight unseen, even if the paint and interior was inspired by a '78 AMC Pacer.

There's a very very nice looking 458 Spider with 9K miles in Vegas, now listed at 269K (down from 273.) Same spec as that 299K one, less the PPF and interior carbon fiber. The ones at 300 and above have all been sitting unsold for a few months. So who knows. The market may be correcting itself...

 

I think the 488 has a much better chance of being there within a couple years. Even when the market adjusts I don't think 458 values will go down much at all.

Hopefully I'm wrong.

 

Whoa! I was way off, sorry about that guys. Nope, it wasn't $199k, I'm not sure how I got that. Sorry to get everyone's hopes up!

 

Just a offhand thought, but I dont see no stories 458's dropping below the 250k mark now. Ferrari has moved in a different direction as have all others. Cant buy a new V8 mid engine car. Im a NA guy but the F 8 REALLY looks nice. I cant order a new one, so I think that This is my last unless I can cash in my piggy bank for a 812. I think the 488's are great, but they now are kind of the middle cars. Not a NA 458 but not a F8...

 

Oh I'm sure you can get a gorgeous 458 spider for $199K.

The drivetrain and engine are extra though

In all seriousness, Mike Berman has a nice looking 458 coupe with 26K miles for $189K. So who knows? The 458 Spiders,as far as I can tell, were in the high 100s/ low 200s a couple years ago. Give it 6 months of an actual recession and then let's see what happens to Ferrari (and Porsche and Lambo and Aston etc) values. The same lunacy that has gripped the car market is happening with aircraft. It isn't sustainable... It can't be.

 

Yesterday, a 20k mile gated resale red Modena sold for $215k. That has to be a record. So either people on BAT are just drunk with their money or the market is still hot. https://bringatrailer.com/listing/2004-ferrari-360-modena-20/

 

I'm thinking the same. I'd assume they all hover around a trend line of sorts. In other words, once inflation cools off a bit the prices will revert back to a trend. Even then, I can see a spider staying in the mid/low $200's. Over time what I'd expect to happen is the 488 to swap spots with the 458, or equalize with it. Given the same condition and color combo, I think the majority would pick the 458 over the 488 as the 488 begins to age. If anything just because the 488 with its turbo's will have higher maintenance costs, and higher probability of having something go wrong than the 458.

 

Hopefully the days of dealer markups are winding down. At least here in California, I suspect the easy money from real estate is going to dry up.


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Is fogging oil an option for storage? Does it degrade the motor oil in anyway if used too frequently?

https://www.sta-bil.com.au/products/sta-bil-marine-fogging-oil

 

there is a pan in the factory parts catalog from that time period that is intended for dealerships to use to catch oil leaking from new 911s on the dealer floor.

 

That has stopped being true .They changed the seal years ago.

 

I dunno. I can still buy it in Texas at almost any marina.

 

IMHO, go for the 430 over the 360. I have owned both and felt the 430 was the much better driver. The looks are a bit 'blocky' compared to the sweet lines of the 360 but it is just a much better car.

 

Buy the Modena, get a gated 6 speed with average kilometres - it will cost more than other 360's, but will be worth it. The 360 is last of the original V8 line, so has more parts and is easier and cheaper to work on.

The 430 was an experiment (IMHO) - they had to come up with something as the 360's engine just couldn't be bored out further to meet the demands of supercar owners in the 2000's, so most internals, trunk lining, engine bay, door insides, F1 transmission pump, O2 sensors, etc, etc are 360 sourced - but the engine is the extrapolation of the Maserati 4.2 and was never meant to be in a Ferrari. Either way, 430 will enter the history books as the the b@stard son of Ferrari and Maserati and the predecessor and test-bed for the 458 (the last, and arguably the best naturally aspirated Ferrari V8). Don't get me wrong, I love the turbos, but you can't beat the noise of the 360's V8 whining at 7,500 RPM with the thrashing of the 2 massive inlet valves, sucking in the premium unleaded while those 3 outlet valves are bouncing their merry tune at the end of the variable timing rail

The 360 will give you years of generally cheap, fun and long term excitement (mine has for 10 years now and showing no sign of aging - people are astounded when I tell them it's more than 20 years old), AND it's a very well put together car, it's very tough, easy to work on, roomy interior for a 2 seater and plenty of parts - some of them from 430's

 

No question the F430 is a better car. A Ferrari Challenge tech once told me, Ferrari softened the rear suspension to cure the snap/spin problem with the F360.

But, but, I’m a slut for a F360 with a Tubi.


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Sorry. They changed the composition of seals in the fuel systems of most cars about twenty years ago to resist alchohol damage. Ferrrari told me it wasnt an issue.on my car.

 

True. But in my 1974 POS Jensen Healey it is a major problem. [emoji33]


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So, what about the 1999 F360? Or any other exotic car before 2000? Are those models ok? Just checking to make sure. It is definitely a big problem.

 

Yes I agree. If it was going to break, the car would have done it by now. I sold my Rosso Barchetta colored ( a plum color or wine) 550 , I had 49,000 miles. I drove it all the time, but also my upkeep was on target. I never let anything slide.

 

That's the case for all 458

 

The retail buyer is always the last to know when the bubble has popped

 

If the retail buyer keeps buying, then has the bubble actually burst?