It sure is an advantage, that one can import japanese and EU cars to Canada without major hassle. Quite some CS from both regions have made it to Canada in the recent past - some true gems amongst them. Seems to be an increasing trend?!
And soon when they go neerer to 20-25yrs+ the prices will probably go up world wide as the americans can then import them aswell (car has to be 25yrs and older if im correct)... Like we see with all special cars that america hasnt gotten a whole lot of (think about supra's, Skyline's, RX7's, but im sure also cars like the E46 M3 CSL are going to undergo a similar fate in prices)
Part of the reason is Americans have sucked a lot of our good inventory out of the country and down south. Lots of Canadian cars are already in the US because of our weaker dollar and no 25 year requirement. I shop overseas mostly out of necessity...would love to be able to buy local cars otherwise.
This is very accurate...as soon as something turns 25 years old the American market drives up prices. The buying power and demand is too immense. CS's still have 5 years left though. Unless you go through a registered importer. I know of some Americans that buy cars and store them overseas and wait for the 25 year mark to bring them in.
Hah same here, i hardly ever buy cars here in Holland, i usually buy them anywhere in EU except for Holland, got my previous M3 from Czech, my current F430 from belgium/france, cars before that came from greece, uk, sweden, france etc Yeah this is happening big time with R34 GTR's in Japan from what ive heard and seen in video's, if not the actuall users buying them, its garages buying them and storing them untill they 25 yrs old so they can sell them overpriced to someone from the states, the fact you guys can almost get unlimited lines of credit (not sure how accurate, but thats what it seems like from eu when we see how ppl spend money in the usa), allows americans to be able to spend alot more on cars than europeans can, as our rules are too strict around borrowing money (not that i would ever use a line of credit to buy anything other than a house but thats another story). Its interesting to see whats going to happen to the cars like the aforementioned E46 M3 CSL
As I posted, we got out Stradale out to a local Cars and Coffee event with about 350 cars. I was shocked by the amount of enthusiasts that knew what the car was! There were a few "regular" 360's in attendance (great cars in their own right) and consistently people came up to ask about the differences, etc. A few people even said how nice it was to be able to see them side by side to really view the more aggressive nature of the CS. Seeing a car with no radio, all carbon fiber door panels, bare floors, etc. is a sight to see on a "modern" car. We all have to do our part to spread the word on these amazing cars! Here is a pic of me pulling into the show. Image Unavailable, Please Login
I understand that. I’m just wondering if these asking prices are inflated. I paid $259,000 for my CS a little more than year ago, fully aware that I could see the asking prices going back below $200,00 overtime, but I said screw it, I’m not waiting anymore. Just unusual to see it still going up with the economy. I’m no professional though.
I'm just using the CS Registry as my reference. I'm sure it's not 100% correct, but shows 7. ChallengeStradale.com - cars for sale (challenge-stradale.com)
My view is that it is the same dynamic as the housing market. Everyone wants yesterday's prices, but virtually no one wants to pay those prices...inventory is light, so pricing hasn't totally collapsed (yet). That can't hold forever. Eventually someone has to sell. I am completely on the sidelines in the car market now...nothing specific to the CS (which frankly I wouldn't consider absurdly overvalued like many, many other cars), but prices across the board in the market seem so divorced from reality. Just a lot of stale inventory, very few trades, etc. I have to imagine dealers are taking a hit no different than realtors. EDIT: Looking at the cars for sale, I guess I do have to chuckle at some of the prices. $330-350k asks for 9-11k mileage examples. Do we ever have confirmation of anyone paying anywhere near that for similar examples? A 12k-mileage car sold for $277k a couple of months ago on BaT, which tends to extract the absolute highest prices. Who is the marginal buyer paying $330-350k now, or even close for comparables? No one...it's a pipe dream.
That's my thoughts as well. The asking prices are not justified. Will be interesting to see what direction things go though. Mike
https://collectingcars.com/for-sale/2004-ferrari-360-challenge-stradale-9 Bit of a bargain (35k, red, factory stripe, harnesses etc) £153,250 plus £6,000 fees? Feels like a good deal given the heady asking prices for RHD cars in the UK recently. Despite the ‘relatively’ high mileage.
It's not a pipe dream for some cars. I had a real cash offer for my 4,400-mile car, original Rosso Corsa paint, no stripe, no stereo, and leather car, for $363K. But it has never had an accident, and it looks, smells, and feels like it is direct from the factory. No, I didn't take it because I am not selling it. I also do not post VIN for any cars for privacy reasons.
The 5k miles collectible CS will always command a premium. I believe there were a couple on this forum who have sold close to 400. The question I see in the market is between 10k-20k miles Those numbers are erratic based on mileage condition, service records, etc. It would be nice to see a consistent positive trend trend on that. Scuds have outpaced the CS in that mileage range over the past 18 months.
I own one. What difference does that make anyways? I agree that they are wonderful cars. I’m just stating what I think as an opinion looking at the market and economy. Just a curiosity on what others think too. That’s all…
If you're looking for the most expensive CS ever, mine will be for sale soon ! But at least is in a unique colour with a unique spec !! Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
