Advice needed

as far as the CS is concerned it is definetly a much better car than any other 360 out there. As far as resale value it will probably holds it's value much better than he 360 coupe or spiders for sure. if your friend drives the CS i will guranatee you that he will never get the regular 360.

 

Why yes...a very lovely 1988 model on FerrariAds

 

Since the tax angle is not an issue for you, a "bird in the hand..." applies. Cut the deal. 360 prices won't jump - there's just too many of them out there - but they'll drop slower and later than most people think.

The value game is the 1999/2000's right now. Admittedly you want to get one that's got the servicing done. Get a 2001 and you pay the "higher echelon" prices for a car that's about to come off waranty. Get 2002+ and you're paying a full price for a car that'll drop 30% in the medium term.

(Of course, these is based on retail demand, not dealer rates. Your experience may vary.) -

 

i don't see how '02+ will drop 30% value in "medium" term, unless the "medium term" means 3 yrs.
If one pays 150+ for a '02+, its not gonna be close to 100k anytime soon, no way. Check how much a '99 F355 GTB can swing, its in 90's.

To me, the 360 game only has 2 ways to play:
1) GO cheap: get a euro or early MY USA car, pay the least you can, 100's - 120's. Pray to god nothing major breaks and it will not cost you an arm or leg to fix.
2) GO '03+, pay premium (160ish) for a newer car, has the full warranty for a year or two, enjoy the car with no worry at all.
Anything inbetween makes no sense, you still pay a semi-high price for a car that's out of warranty in a few month.

Oh my bad there is the 3rd way:
that will be, Stradale.

 

As of yesterday, I am helping the cause!

 

yup i included u in that stat gary

post driving impressions!

 

In our discussions, I knew you were going 360 - I didn't realize you were going CS! Congrats!

 

Medium term means 2 -3 years. A full-price $150K car bought today WILL be trading for about $100 - $110K in about three years.

We're pretty much saying the same thing, expect that I'm saying you'll take a good drop on later MY cars as well, as prices will fall on these cars shaper than they have in the past, as the 430 rolls out.

 

In my opinion (not that it matters since I don't own an F-car right now) but a good analogy is to look at the air-cooled Porsche vs. the water-cooled 996's. The reality is that both Ferrari and Porsche created a (mass market) car with both the 996 and 360M (I say that in terms that relate to their production figures). What you've seen is a precipitous fall in value of the 996 vs. the 993 due to the availability and "change of breed". The 360 was a similar car in the way that Ferrari created and produced it. While we're currently in the sea of change from the 360 to the 430, once the 430 actually becomes available, the values of the 360 (the "premium ones") will fall quickly. The timing will be based on the delivery of the 430 of course, but it will happen. I believe that the 355 has stabilized and may even sustain current pricing levels in the "medium" term in a similar fashion to the 993.

My opinion and analysis are based strictly on my observations and experience in the overall market. As with anything, I could be off base...but I have a strong suspicion that I'm not. Oh and you're right, the Stradale is a different animal altogether...but it too will fall in value as the months go by.

 

I just looked . It is certainly a bargain price for such a beautiful car. Wish I could buy it. Probably won't last long .


Tom

 

Well sure, if 3 yrs is the time frame here, then of course it can drop 30%. Most of cars will, how much you think a new 997 will worth 3 yrs from now, I will say more than 30% drop.

 

You're missing the point - read my post and then Eric's. He and I are saying the same thing.

 

Makes sense. Except I don't think 355 will sustain value in medium term.
If 3 yrs later, a early MY 360 can be had in 90's, I don't see many people would pay 70's for a 355.
In long term, it will, simply because there is always sort of a "floor support" price for a car, when a car falls to that price, alot more people who want it can afford it then, so there is a market for it.

 

Maybe I am missing it, but it seems to me that your bottom line point is that "the 360 will lose 30% in medium term while medium term means 3 yrs".

If so, then I am just saying that's the case with most of cars, that's what depreciation is about. One can wait 3 yrs to buy a 997/Benz/BMW/AMV8/blah blah and save 30%.

 

Except that your depreciation is going to get further exacerbated by the fact that you've got a MY changeover. In other words, a F430 bought in 2005 is going to fall much less in three years than a 360 bought today and held for three years. Further, generally with Ferrari's, even a MY changeover has historically impacted the resale value of preceding models only gradually, given the limited production. However, as Eric notes, the game has changed with the 360 given the volumes, and there is no doubt there will be more downward price pressure on it, relative to the pricing trends of older models as their newer brethren were introduced.

 

but we were talking about the 360, not a 430, of course the 430 will hold its value, a used one prolly sells for msrp 3 yrs later, JUST LIKE the MASS produced 360 did. and when the next models comes out, 430 will tank, just like 360 is tanking now.

and as for erik's opinion, i don't see the 355 value hold, we all know how much the car is worth now, we will see 3 yrs later if it loses 30% like 360 does.

 

i say to all of u....

if u are worried about the "30%" depreciation or whatever the number is in the "3 years" or whatever "medium term" means, then dont buy the damn car and stop crying. if u cant handle the depreciation or if its such a big deal for anyone, dont buy it. obviously u cant afford it.

 

I'd buy a CS, but I LOVE the 430 and I need to save my €€€. I ain't got Meatwad cash!

I'm MANNING UP for what I LOVE not for what I sort of want. I love the 430. I sort of want a 360. I'll live with one until I can get my hands on a 430.

I appreciate all the analysis and input and thought. Thanks for keeping us focused, Hubie. Only so much analysis you can put into an F-car. Man up and drive sukkas! right?

 

Ok this is getting a to be a bit annoying now. This whole "stop crying" and "man up" stuff is just getting repetitive. Now I know that after you read this you are probably going to come back and try to make jokes but how about trying to stay on topic for once? A few people here are looking at cars and seeing where they will be in the future, this DOES NOT mean they cannot afford it. Not everyone has been blessed like you allowing them to say okay here is "x" amount of dollars and that is it. If I am looking at a Ferrari and was just trying to be smart since when does that mean I cannot afford it? Be a little sensible.

 

This is a good post. Just because I don't own an F-car doesn't mean I can't afford one. It does mean, however, that I want to own it when I feel the timing is right, and I am not going to take a bath on the car. As much as I love the idea of owning the car, I am not going to spend that kind of cash just to have the latest and the greatest (which will very soon be just another used car).

Cash may be king, but alot of kings went broke because they didn't spend it wisely.

 

Well said Josh...

 

Josh, I could not agree with your point more. I love like the last sentence though, it sums everything up VERY well.

I just brought the point up because I am tired of reading this whole "man up", "pay to play" BS. We get the point. If someone asks what the cost of something is or says something is expensive, why are they automatically cheap or can not afford the item?

 

That depends on the definition of "afford", and yours and hubert's definition is different.
Using your definition, I can afford a CS, a Murci, and a Carrera GT right now, although I am not going to spend on anything else and I wil eat every meal home and do not go out. Does that mean I can afford it? With hubert's definition it's a NO.

We all know, unlike real estate(your area of knowledge) most of cars are depreciating asset, it will depreciate, some more than others. If you like the car, want the car, but must time yourself to enter at a point that you lose minimal on depreciation, then it means at the present time you can't afford it, simple as that.

On top of everything, if you want a 360, and you got 100k, you patiently wait for 2 yrs, you can get one, dream comes true. But if you supposely can afford it now, just trying to be smart and wait for 3 yrs to save 30%, however at the mean time you buy a car that loses more than 30%, what's the point of that?

 

Can you ever just stay on topic? I only know real estate? That was just stupid. Just stay with the facts please! Thank you.

Just because some people do not buy the car at the present time does not mean they cannot afford it. That statement cannot be further from the truth. Some people just do not waste money. I shopped around for my car and got it new and got a good deal. Because my parents saved money, does that mean we could not afford the MSRP? NO! Many celebrities have purchased used cars, does that mean they could not afford the sticker? NO! Many people on this board have bought used cars, so that means none of them can not afford the sticker if it was new at that time? NO!

Yeah that would be true if the cars were the same value but most of the time it isn't. If someone was looking for a 360 at $100K and was waiting for three years and in the meantime bought a Maserati CC for $100K then that equation would work but it almost always does not happen that way. Most of the time it would be something cheaper like an M3's value at $50K or $60K. The 30% on a M3 is much cheaper than a 30% drop on a 360.

 

Agreed. Just because we can afford it, doesn't mean we need to throw money away. It's a god-given right to find value, however you define the term. Sure car's depreciate, but minimizing the curve on your watch is the name of the game. Ask away playa - most of the people here will share your views. There's a few that don't cause they truly have the G's to make them indifferent. And there's a few that don't, cause they pretend to have the G's. I think you know who's who. -