ATTN: MARTIN. I assume this price is a mistake?? | FerrariChat

ATTN: MARTIN. I assume this price is a mistake??

Discussion in 'Ferrari Discussion (not model specific)' started by Tyler, Feb 17, 2004.

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  1. Tyler

    Tyler F1 Rookie

    Dec 19, 2001
    4,274
    dusty old farm town
    Full Name:
    Tyler
  2. AJS328

    AJS328 F1 Veteran
    Owner

    Apr 23, 2003
    7,520
    New Jersey
    Full Name:
    Augustine Staino
    That certainly does look cheap.
     
  3. paulie_b

    paulie_b F1 Veteran
    Consultant Owner

    Jan 13, 2003
    6,823
    Jupiter, FL
    Full Name:
    Paul Bianco
    Tyler, email Martin directly. he is out of the country until 2/27. you can reach him at [email protected]
     
  4. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Martin is out this week with family business.

    I think that is a hijack of a car that IS with Martin. They are talking about it on another thread in GFD.

    Ebay scam
     
  5. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Go to "looks like another ebay scam" in GFD. Same auction?????
     
  6. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
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    Franklin E. Parker
    I suspect that's the market for anything but a perfect concours 355 spider, though I wouldn't pay that much. The 360 is headed that way as well. Has any V8 badged as a Ferrari ever held it's value well other than limited production cars such as the 288GTO and F40 ?
     
  7. Tyler

    Tyler F1 Rookie

    Dec 19, 2001
    4,274
    dusty old farm town
    Full Name:
    Tyler
    That is what I was concerned about.
     
  8. Tyler

    Tyler F1 Rookie

    Dec 19, 2001
    4,274
    dusty old farm town
    Full Name:
    Tyler

    Yep, same auction, thanks! It pisses me off that there are people out there who do crap like this.
     
  9. Ksullender

    Ksullender Formula Junior

    Sep 3, 2003
    887
    USA
    Is this a scam? Are they taking and setting up a fake auction just to take you on a deposit?
     
  10. F328 BobD

    F328 BobD Formula 3

    Mar 17, 2001
    2,327
    Southlake, TX
    Full Name:
    BobD
    Frank, kinda like the 550 too?... oops, that's a 12, isn't it?
     
  11. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    BobD, you're correct, the 12s aren't doing any better these days especially the newer 456/550/575 series. Most if not all Ferraris made from the 308 and earlier are now worth more than they sold for new except maybe the 400/412 series. However, with Ferrari now making so many more cars, it is doubtful that that will ever happen to the 328 and newer regular production cars.
     
  12. loungedog

    loungedog Formula Junior

    Nov 6, 2003
    291
    New Market, Ontario

    Keep in mind that even though Ferrari is making more car then they did 10 years ago there are also more people world wide that can afford these cars then 10 years ago.
     
  13. F328 BobD

    F328 BobD Formula 3

    Mar 17, 2001
    2,327
    Southlake, TX
    Full Name:
    BobD
    Not to completely hijack this thread but...

    Then why are prices coming down so quickly on most late model F-cars? Is the competition getting better? Performance not up to snuff?

    There's only one reason prices fall... because of lacking demand.
     
  14. Agent Smith

    Agent Smith Formula 3

    Apr 20, 2002
    1,569
    Or they fall because of a greater supply. There are lots more to pick from these days.
     
  15. snj5

    snj5 F1 World Champ

    Feb 22, 2003
    10,213
    San Antonio
    Full Name:
    Russ Turner
    Agree 100% with Agent Smith - there is too much supply. Not only does Ferrari have competitors in that market niche, but let's wake up and smell the lasagne, there are a lot of vehicles in other market segments creeping in for the business with a lot to offer (sometimes for much less).
     
  16. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,788
    western hemisphere
    There's only one reason prices fall... because of lacking demand.[/QUOTE]

    Well, you might throw in "over supply" in there, too.
     
  17. Ksullender

    Ksullender Formula Junior

    Sep 3, 2003
    887
    USA
    I thought that all (99%) of cars fall off on value from new and then cycle back up if they have the demand? That cycle usually takes more than 10 or more years doesn't it?
     
  18. F328 BobD

    F328 BobD Formula 3

    Mar 17, 2001
    2,327
    Southlake, TX
    Full Name:
    BobD
    Chicken or the egg? Isn't there greater supply due to less demand...? No wonder I failed Econ 101. :)
     
  19. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,788
    western hemisphere
    Looking at Ferrari V8's, the depreciation cycle appears finished once the car reaches 40-45 percent of its original MSRP. That normally occurs about 10 years out from the original sale date. Past performance is no guarantee of future values, however.

    As I have said before, if you want to own a Ferrari inexpensively and with a minimum of depreciation, buy the Ferrari of your dreams...but only after it's 10 years old.
     

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