Play the Maranello valuation game...!!! | Page 2 | FerrariChat

Play the Maranello valuation game...!!!

Discussion in 'United Kingdom' started by homemark, Jun 7, 2005.

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  1. murph7355

    murph7355 Formula 3

    Nov 30, 2002
    1,691
    SE England Yorkie
    Full Name:
    Andy
    Which is a good point Rick.

    If the price you get is properly stupid low, and you need to get out of the car, before you finally take it down to them, ask for PMs from serious FChatters.

    At least one car (not a 360) went for a criminal rate recently to a dealer, and I *know* that two or three FChatters would have bought the car for a bit over, which would be a no lose for anyone. Surely it's better that both FChatters cut out the middle man.
     
  2. Mark355

    Mark355 Karting

    Dec 7, 2004
    122
    Gloucestershire
    Full Name:
    Mark
    Yes, but the car has done less than 6k miles...
     
  3. KenC

    KenC Formula 3

    Dec 7, 2003
    2,120
    Kent, UK
    Full Name:
    Ken
    Agreed, that's why I have made no adjustment to the July 04 price or the current price as it was low in both instances, so the differential remains the same.
     
  4. G7RYE

    G7RYE Karting

    Apr 26, 2005
    218
    Ackworth
    Full Name:
    Ryan
    65K after some ****e about loads of 360's becoming available due to 110 430's coming in this year
     
  5. noony

    noony F1 Veteran

    Nov 25, 2003
    5,903
    Seoul
    Full Name:
    Johnathan
    60 grand
     
  6. EK3R

    EK3R Formula Junior

    Mar 26, 2004
    828
    FL
    Full Name:
    Eric K
    £60k!!!! How good would that be!!

    I would have a briefcase full of cash ready for tomorrow if I could get one for that!
     
  7. noony

    noony F1 Veteran

    Nov 25, 2003
    5,903
    Seoul
    Full Name:
    Johnathan
    well get a briefcase ready because you can get them for that now

    it would probably have to be a 99 T yellow F1 though :D
     
  8. EK3R

    EK3R Formula Junior

    Mar 26, 2004
    828
    FL
    Full Name:
    Eric K
    Not a RHD one - think closer to mid 70's no??
     
  9. noony

    noony F1 Veteran

    Nov 25, 2003
    5,903
    Seoul
    Full Name:
    Johnathan
    No :eek:

    a 2000 W reg grigo/blk F1 sold for £63k at forza288

    Eddie Jordan's old one is up for £63k

    There is a yellow one on pistonheads for £60k

    sorry to hijack the thread...
     
  10. murph7355

    murph7355 Formula 3

    Nov 30, 2002
    1,691
    SE England Yorkie
    Full Name:
    Andy
    Countach, Countach.

    Or 355.

    Sorry to hijack also, but Eric needs it :)
     
  11. RAY430RED

    RAY430RED Formula 3

    Nov 1, 2003
    1,112
    Marlborough Wilts
    Full Name:
    Ray F
    Are you going to tell us or is this another Steve f windup ?????


    RAY360M
     
  12. EK3R

    EK3R Formula Junior

    Mar 26, 2004
    828
    FL
    Full Name:
    Eric K
    lalalalalalala not listening <fingers in ears> :D
     
  13. Mark355

    Mark355 Karting

    Dec 7, 2004
    122
    Gloucestershire
    Full Name:
    Mark
    I'm bored by this game...
     
  14. nickster

    nickster Karting

    Mar 5, 2004
    191
    The moon
    Full Name:
    nickster
    Hate to disagree but you are so off the money.

    The F1 grigio had 35k plus miles on it.Making it the highest mileage 360 for sale I'd seen lately.It was priced according to that fact.

    So nothing like this car we're all playing the price is right with.
     
  15. homemark

    homemark Rookie

    May 23, 2004
    29
    London
    £69,000!

    To put that into perspective, by the time I factor in the deposit of £28,000, and 12 repayments of £750, I've laid out £37,000.

    The finance company are owed £65,000, so if I did take £69,000 it would have cost me £33,000 to own a car for 12 months and do 1,000 miles!!!

    I bet Maranello would put it on their forecourt at £87,950. Minimum of £85,000.

    So just how much profit should a dealer make.

    And to add insult to injury, the £2,000 spent on the extended warranty is not taken in to account. Although I can pass on the warranty to a private buyer, Ferrari will void it as soon as they buy the car. And probably sell a warranty to the next buyer!

    So given all the above, they can go stick it where the sun doesn't shine and this board needs to accept the reality of dealer mark-ups and the real value of our cars.

    I know this is nothing new and I except that dealers need to make a profit, but there comes a point when it really is just taking the piss.
     
  16. mal

    mal Formula Junior

    Jan 12, 2004
    615
    Kent
    Looking at the predictions I thinks much of this board were spot on with their predictions and so have a realistic view.

    Buying with such a large 'balloon' and low repayments has to be an expensive way to finance a car.
     
  17. nickster

    nickster Karting

    Mar 5, 2004
    191
    The moon
    Full Name:
    nickster
    Is 69 their final offer?

    Or are they messing about and will settle on 73.

    As you say,I think it will be on the forecourt at 85 or very close.

    I wonder what Gray Paul etc would offer on it,definitely ring a few other places.
     
  18. Ade

    Ade Formula 3

    Jan 31, 2004
    2,102
    UK
    £33,000 for one year and 1K miles. I nearly fainted !!!!!!!!!!!!

    So are you going for a private sale.... if so what is your price?
     
  19. tonyh

    tonyh F1 World Champ
    Lifetime Rossa Owner

    Dec 23, 2002
    14,372
    S W London
    Full Name:
    Tony H
    Maranello take the piss for sure :(
     
  20. KenC

    KenC Formula 3

    Dec 7, 2003
    2,120
    Kent, UK
    Full Name:
    Ken
    So my £68k wins! Anyone who said £70k is bust and out the game.
     
  21. 355BOY

    355BOY Formula Junior

    Jan 28, 2004
    328
    the North
    Full Name:
    Mark
    Too many cars bought on a whim with no exit strategy in my view.

    Frightening, the car dealers are no different to Market makers at the stock exchange, they are not ripping you off, they are making the market, they are the market.

    Mark
     
  22. tonyh

    tonyh F1 World Champ
    Lifetime Rossa Owner

    Dec 23, 2002
    14,372
    S W London
    Full Name:
    Tony H
    I am a market maker and can only dream of profit margins like that !
     
  23. KenC

    KenC Formula 3

    Dec 7, 2003
    2,120
    Kent, UK
    Full Name:
    Ken
    I've never met a poor market maker in your game :D .
     
  24. spidermanUK

    spidermanUK Formula 3

    Feb 26, 2005
    1,609
    UK
    Full Name:
    Clive
    You don't do so bad really, do you?;) At least you have a Ferrari in the garage!;)


    I think the analogy holds some truth, but one must consider the volumes traded!
    It can't be that profitable relying on 20 new cars a year, and used sales of probably 5-10 units/month. I think everyone realises after-sales is where the real money is made!
    IIRC someone posted a summary of their accounts recently, and it showed a net profit % in single figures.

    Don't get me wrong though, I'm sure it's going to be a nasty shock when I ask for a price on my car, that's why I've put mine on the FOC website 1st!
     
  25. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff
    £33,000 for 1000 miles....Ouch!

    Remind me a) never to buy a new, nearly new car b) if I do, use it and keep it!
     

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