Unprecedented Ferrari bargains on the way...

While it may be true that a 430 will one day cost what a 355 does...imo it won't happen as quickly. The 355 is a great car 375hp I believe. The 360 is a great car too. 400 hp. The problem for these cars is that the Horsepower wars from car manufacturers extended beyond the years of these cars. Look at how many 400 hp cars there are now.

I know horsepower is not everything...especially when it comes to a Ferrari. However...many car buyers do not see it this way.

Let's go back to the past. I'm more familiar with recent history so I'll use the 360 as a gauge. Back in 1999/2000 when the 360 came out...I mean how many 400 Hp cars were there let alone 300. The 360 along with 355 were in very exclusive company at the time they were being produced, respectively.

In 1999, the E36 M3 had 240 hp here in the US. A big jump occurred in 2001 with the introduction of the E46 M3. For several years (early 2000's), many cars did not even have the 333 Hp the M3 had. If a car did have more HP then the car was usually much heavier....if it didn't...it was a fairly expensive car. However...7 years later....tons of cars of have 300+ hp and many started hitting the low 400's. One thing I should add...I'm not comparing a BMW to a Ferrari. I'm just using the BMW as a reference point as to where car manufacturers went pertaining to the escalating HP wars.

Now on to the 430. It has 483 hp along with good torque. That's a territory that is seen for some cars but still not that very many and it appears the HP wars are mainly over. Car manufacturers will go to a trend of smaller lighter cars once again that will probably range between the mid to high 300 and low 400 hp for performance oriented cars.

So the way I see it, in another 3 or 4 years, we won't see another glut range of cars that have in excess of 483 hp or in that range. It's totally different than that of the 355 and 360. Don't get me wrong. They are still Ferraris and will always be valuable from that standpoint. But the 430 is also a Ferrari and will most likely have more hp than many cars out there.

In addition, the 430 does not have the hefty timing belt change as the 355 and 360 does. The 2005 F430's have been on the road for 3 years now and we don't hear of too many major issues if any.

This is the kind of way I see it. I might be incorrect or left some stuff out. I'm curious as to what others think also. Oh...I do think a 360 CS will retain it's value very well and will be worth more than a regular 430 in the long run.

 

I am clueless. I am just talking out of my ass.

 

I think that boats will be the big bargain. A pure luxury item that costs an additional dollar per gallon to ride around in. They will be the first to be "cast adrift" in today's economy.

 

Corvette? That is fine if you are a true fan and that is what makes you happy. For me, I would rather wait and let friends like you take first dibs and I will take the left over. Everyone justifies the value of a particular car in a different way. Just three years ago, I thought people purchasing cars over $100K had screws loose. Now 90% of my cars are well over $200K. Its like playing black jack in Vegas. Start out at the five dollar chip table and next thing you know you are playing at the $100.00 chip table. You lose value of the dollar. Then when **** hits the fan, and people get laid off or business is down over 50%, you regret what the Hell you did.

 

How about this one. The ad is for a Gallardo, but the film clip is Ferrari.

http://cgi.ebay.com/ebaymotors/Lamborghini-Gallardo-2007-Lamborghini-Gallardo_W0QQcmdZViewItemQQcategoryZ157069QQihZ007QQitemZ170230849345QQrdZ1QQsspagenameZWDVW

 

I won't regret it at all.
I will just have to sell it to my good friend Gustan at $50 under
Some day we are all going to die and what we have at that time won't mean a thing.
I think i am going to have some fun along the way.
Isn't that why we all do it?
No car i have can be called an investment.
Eric

 

I sold mine in 1992 AFTER the market crash, completely restored in and out including Bob Wallace engine, for $200k. Short of an insane economy, NEVER happen IMO.

 

Hey

None of us should really be throwing that first rock.

Best

 

I bought mine for 6.5K, drove it 65K miles in the rain, sleet and snow and in an act of Civil Disobedience on the day they lowered the speed limit to 55 drove her from Boston to NY in 2 hours. I sold her for 14K and thought I did great.

That was the last collector car I ever sold.

 

Assets reprice constantly. Prices go up. Prices come down. Prices go back up again. It will always be so, at least until the central planners finally control everything.


Jack

 

I would imagine its all relative. It most likely wouldn't matter in years to come, although the Enzo is not an 'old' car by any stretch just yet. Its performance is still outstanding and hardly touched by most of the biggest and best.

I can not see Ferrari placing the Enzo successor above $1M MSRP. The car will obviously have a superior package compared to Enzo, so how can one justify paying in the low $1M range for an Enzo in this scenario?

I'm simply saying it will drop a bit. Although as you mentioned, desirability and exclusivity have a huge impact on these cars' resale prices as we all know, so it is no doubt that the price will again come way up in the future; similar to the way the F40 has demonstrated.


_J

 

But why??? NOTE: I don't ever plan on selling. The 308 was my dream car since I was a kid...dreams do come true (some dream small )

Is it the "classic" factor, the recognition factor, both, other?

 

I have been on the sidelines now for 15 months. I incorrectly predicted a precipitous drop to occur in February-March of this year. It has not. I am still between Ferraris and the best driving months are upon us. It's not so much the price that is holding me back, but the quality and character of the available units. If the economy was all that bad, there would be a whole lot more toys on the market than there are.

 

I too was waiting and it did not drop much.In fact MSRP and mark up went up on the new ones a bit.
I pulled the trigger 3 months ago when i found an 07 with 1000 miles and the CC brakes.It also had the extended warranty.
Glad i did since i am having such a nice time this summer.
Good luck in your search and hope you get one soon.
Eric

 

Astons, Porsches and other lesser cars are starting to take a beating and piling up in inventores new and used. I think Ferrari 308,328 and 348's will stay about the same value as you get a lot of fun for the $$. TR's may soften a bit. 360's are going to be the ones hardest hit. I think F40's and Enzos will be fine as those cars are starting to reach icon status. F50's may go down a bit.

Talking to brokers ,dealers and banks there is starting to be a wave of repos mostly Astons, Merc, Land Rover and Porshe. Not too many Ferrari repo's. I guess the Ferrari guys are better with thier $$$$.

 

Great. Just ****ing great. Here I am. For purely personal reasons, having nothing to do with Chinese demand (or lack thereof) for oil, subprime mortgages (ain't got one, never invested in the them), unemployment (can't lose what you never had), the fact that my country is going to go through a major irrational brain fart and will elect yet another inexperienced slick politician to be our next president, I have decided to cut my loses and sell my 1998 Maranello.

You see. One can only play the fool for so long.

Original owner paid $205,000 and drove the car for 8,000 miles under warranty.

Second owner paid $195,000 and drove the car for 800 miles under warranty.

Third owner (me) paid $115,000 and has driven the car for over 20,000 miles. While they were fun miles, they cost me $20,000.

I was figuring that my car was worth $85,000 after five years.

But enuf is enuf. And, $50,000 is ****ing enuf. ($20,000 out of pocket and $30,000 depreciation.)

Now you're telling me that I own a $65,000 car.

Plus, I'm reading about yet another problem on these ****ing cars (i.e., gas tank leaks).

**** it. **** it. **** it.

I'm going to buy one of those cocoon thingies, put 60 psi in the tires, jack the POS up, hook up a battery tender, and not look back.

I feel like such a fool for losing $50,000 on a car.

Particularly when I just brought a Miata for $25,000 that is more fun than that expensive piece of crap in my garage.

I hate feeling like a fool.

Trust me. All of you paying through the ass for a new Ferrari, you're gonna feel like a fool to.

Dale

 

Wow
I think i need a drink.
Eric

 

Cheers <click>

 

Dale,....that ain't nothin"! I've got 2 brand new black and white portable TVs, still in the box, and they won't be worth a dime after February 2009 when everything switches over to digital. My only hope is to put them up on blocks and hope they increase in collector value!

 

i paid 30K over on my ZR1..in 1989; now that was sad; I still have it.

 

I don't think QVs will drop much lower than $40K for a nice one. There's a point where it just isn't worth selling a car to cash out. Your QV, and 328s are both like that. A nice 308 QV for $40K is a stupendous value on the sports car market compared to whatever else you could get for that (base Porsche Boxster? BMW Z4 2.5?) What else would you actually want at $40K that qualifies as a dream car?

IMO, they were underpriced going into this recession, so they should hold up fine.

 

I sold my Shelby within the last 6 months and all the experts told me I would not get the money I was asking because of the economy. Despite the so-called experts I got the money I wanted.
Then everyone told me to wait before buying my first F-Car as they will be coming down in value because of the economy. I ignored that advise as well and bought a 330 GT 2+2 within the last 30 days. Personally I could care less what the values do. I buy and sell as I please and let the chips fall where they may...

 

precisely. Classic cars should be bought and sold when it's the right time for the individual. Not when it's the right time according to the market. Market timing is for the investors - not the true enthusiasts.

 

I wouldn't let my QV go for anything less than $55K.