Value check

Seeing as I live in Canada, I need a real boots on the ground value check.

I have the opportunity to buy a 2006 F430 Berlinetta. It has 52k miles on it. But needs A LOT of work. I figure 20k Candian will get it up to an acceptable form.

Its red tan, carbon brakes and carbon interior trim. Daytona seats. Side booster is worn which can be fixed..no rips in the seats.

Will get new tubi manifolds, full fluid service, plugs, filters etc. Install new cats, but keep the Tubi dual muffler set-up it has. New tires, and fresh set of brak pads.

My plan is to buy it fix it and sell it in the USA, as it is an original US car. (Still confirming the tariff thing)

All fixed up with 52k..call it 53k miles, what would the US market bring for such a car. There is zero service history other than what I would be doing.

 

based on how you described it…

Low end: $90
High end: $115

depends on the options and what, if any red flags there are. I’ve yet to see any recently below $100 that weren’t a salvage title though but you could work the repairs into negotiations. Even a well sorted 2006 with that many miles would probably be around $115-120

 

The cheapest non salvage berlinetta listed on Autotempest in the US is $120,000. It is a 2008 with 27k miles. I would guess you would fetch about $105-110 with your miles. A few months ago there was a 2009 listed with 47k miles for 127k. I am not sure if it sold or just got removed.

https://www.autotempest.com/results?make=ferrari&model=allf430&zip=21228&localization=country&bodystyle=coupe

 

If you bring it across the border the Rep of Canada Feds will also charge RIV & AC Fees, Duty + HST.
That's quite a sum to add unless you're fixing it in The US and not registering it in Canada

 

2008+ typically get a $10k premium from what I’ve been seeing. That $120k is a bargain.

 

This 2009 seems underpriced compared to other 2009 sales. It is offered by a Ferrari dealer, which is a plus, but even with 37K miles and the lower spec, I would have thought it would be about 10k more at least. I wonder what the clutch and carbon ceramic brake readout is at.

https://www.cars.com/vehicledetail/cabb1394-6d8e-42f8-a143-ed15723ef438/?aff=atempest&utm_campaign=atempest&utm_source=autotempest&utm_medium=trp&utm_campaign_id=1&utm_trusted=TRUE

If the clutch and brake readouts are good and everything else is good, this one is a pretty good deal even without the common 2009 options like the challenge rear bumper/grill.

I know that has nothing to do with the OP's question, but Pete's post had me curious so I had to click on the autotempest link.

 

All fixed up needing nothing? Probably 105k - 115k. Just a guess….

 

Thanks guys. Appreciate it. I must also consider the tariff of 10% when it passes through. At 60k Candian funds, plus 20-25k invested..never mind the 13% in taxes I must pay on the car, the numbers don't make sense. Gonna let this one go..

 

Flipping a bad Ferrari (or Porsche) is something you do for love, not money. Move on Tom.

 

The car wasn't bad..it actually drove pretty good. Just needs the usual wear items they all need. I think the owner enjoyed the car, just got bord of it.
But digging further, the tariff is 25-30% going in. DEFINITELY not worth it. I thought about keeping it for myself, but theblast thing I need is another car..

 

Flipping any car these days is a crap shoot. With all the electronics, you never know if you have a gremlin or a hidden issue that, when added in, costs more than an already sorted one, or worse. The only way it makes sense with minimal risk is for someone with a decent YouTube following who uses the car for content, so they make money with YouTube. Whatever happens with the car and profit/loss is just part of the financials of making monetized content.

 

or motorcycle, me too.

 

I did think about that..make a youtube channel about the car, or an online "how to". Show a clutch being done step by step, ball joints, but I think a 360 would be a better car for that. More service items need to be done on one of those vs a 430. I may look into doing that

 

I dont think any 50k + mile cars are getting over 100k. List prices and sales prices are much different.

 

Depends on the options. You're hard pressed to find any F430 under 100 right now unless it's a salvage title or has accident history.