In looking at 550 asking prices, and NADA values, I see quite a range. What are your thoughts regarding values for a 97-2000 550, under 15,000 miles, no stories, documented service history? How is demand for these cars? Thanks
Danny, glad to see you are doing your research. Please don't hesitate to call me if I can answer any questions. Regards, Brad
Estimated Gettin Prices Estimated Average Average Asking Gettin Percent Year Count MSRP Price Discount Price MSRP 2001 19 215,340 160,000 10.0% 144,000 67% 2000 27 213,300 150,000 10.0% 135,000 63% 1999 40 212,000 140,000 10.0% 126,000 59% 1998 14 204,000 130,000 10.0% 117,000 57% 1997 16 204,000 120,000 10.0% 108,000 53% 209,728 140,000 126,000
Hmmm, for some reason it's comes out a lot neater when you quote it, then when you view it in the thread?! Is this the original analysis Dale, or has it been updated?
Dale, Thanks for your help. I'd like to ask some stupid questions, Are you assuming an automatic 10% discount from asking prices? Where did you get your asking prices from? I also checked out NADA.com, here is what they said for retail prices Year Low Avg. High 1997 $116,000 $117,000 $125,000 1998 $119,000 $123,000 $126,500 1999 $126,000 $133,000 $137,000 2000 $136,000 $141,000 $146,000 2001 $139,000 $146,000 $164,000 They was no option on the website for mileage, options etc. I would assume you would adjust through the range. I tried to post the headers over the price, but being computer challenged was unable to do so
Yes, I, along with just about everybody esle, starts at 15% below asking and ends up at 10% below. Mostly the FML and the Internet. Send me PM with your email, and I'll send you the spreadsheet. The NADA prices are always too high They was no option on the website for mileage, options etc. I would assume you would adjust through the range. I hate HTML!
Hi, new to site. Well I feel good about the purchase I just made after reading this post. I just picked up a 2001 550 Maranello with 6,8xx miles for $126,000. Silver with black Lusso int. I think there are good deals out there, they are just hard to find.
dale - didn't you pick up a spec miata? i'm looking to get into that. told for $15k you can get a top car......... are you planning on running it or track day toy? any advice?
surfingbuddhist That is a great price! I have been looking at a 2000, nart/tan/ lusso, 12000 miles 3 owners, just had 30k service by a Ferrari dealer price is over $126k. Car is supposed to be very nice.
surfingbuddhist did you buy the EURO car that Heritage Classics had for sale, because they were selling an identical car to the one you described. If so the market value would be a minimum of 10% less than a US car. BTW Jim Lyons at Sports Car Company was originally selling the same car for $115,000, I know because I considered it before I bought my 550.
