F40 prices sinking fast? Asking below $499k and no takers

Jim's point regarding Mr. Sackey and others of his ilk is quite to the point. Enthusiasts on this site are plentiful, knowledgeable and in almost every instance willing to share their opinions and specific experience with their cars, so that there is really no need initially to rely on the obviously subjective information that self-serving car salesmen will provide. In the event that a particular car is exclusively represented by a broker then there is little choice, but for the most part buyers of high end exotica can be pointed to the cars they seek, for no cost by willing fellow members, who act without any vested interest.

I have bought and sold many cars over the past several years and many of the deals were done with the aid of fellow members and in some cases were sold to fellow members or their friends.

The short moral of the story is that this forum is a unique place with an unprecedented accumulated wealth of information and experience that is available for free to real buyers and sellers.

 

Picture is not very good, but do I see red brake calipers in fron on this car? How can this possibly have passed Classiche ?

Regards!

 

You ask the question as if Classiche is a purist organization without any financial interest in the outcome of their reporting.

 

Dear Mr. Carsinxs,

There is no connection with A Singer and a Banned!

Wonderful corollary though don't you think? I had predicted that either your goodself. 410SA or Mr Sackey would make the connection. But I do regret to say that it has taken a little longer than I had expected. Which, proves that I am very, very occasionally wrong. Heigh ho.

However, there is no such thing as bad F40s. More that the cheap ones are magnificently expensive. And the expensive ones are an absolute joy. Indeed the bad ones are acquired by gentlemen that pay good money to a dominatrix to beat them and do other sorts of horridly unmentionable things. The expensive ones are acquired by clean living and discerning gentlemen who only do the missionary position and only then on Friday nights - when there is an 'R' in the month.

 

The F50 is a fantastic car, and much more civilized and comfortable to drive than the F40. But performance is quite similar, so I would not like to sit in an F50 underestimating an F40. They are really fast when well sorted!

Regards!

 

Posted by Hardtop in another thread -

"Interestingly, there are more F40's for sale in the latest FML than 328's. I think there is a message there."

 

I have left the debate about the future prices, but still want to leave a remark regarding some posters mentioning the cost of repainting.
It may be high if done correctly, but for the really pure high-end cars repainting is not helping the value, but rather the other way around.
The F40 should show it´s carbon fibre structure through the paint, and this is often lost when given a proper paint job. Looks fantastic, but
it is not true to the concept, so all that glitters is not always gold.

Some posts seem to build up steam, but I hope the debate can continue on a gentlemens level.

Regards to you all!

 

I am well aware of there financial interests, but I have tried to convince Mr Vaglietti more than once about my own F40, which is ully original, but for the Tubi system.
I have the original of course, but hey will not even do it if I do not install the original, even though I have offered to bring italong. But no, so I find him/the board that decides rather ridgid, hence the question about the red brakes.

Regards

 

See Ross's post # 18 here:

http://www.ferrarichat.com/forum/showthread.php?p=138255552#post138255552

That one is a mile stone...

 

Ummm....could be because Joe Macari is an authorised Ferrari Service dealer, and issued the certificate to himself?

 

Thanks for the link - sobering transaction!

I pulled this from the link you posted from Autocar about Ferrari production

Ricambi America -

Changes in the market
Dec 08, 2008 6:13 PM
Clearly, there is a significant sea change the Ferrari world now. In the past, my company (Ricambi America, http://www.ricambiamerica.com) sold the majority of our genuine, original Ferrari parts to customers with 328, 348, 355, and 360's. From the perspective of parts, those are certainly not the most contemporary cars.

Since the beginning of this meltdown, we see a huge number of 430, 575, 599, and 612 customers -- in addition to a larger number of 360 customers who are choosing to service their cars outside the main service centre, and perhaps even in their own garage. We can only assume this is a pure cost-cutting measure because generally the 'new' cars (even those just outside their 2-year warranty) would have been sent to the selling dealership for service. Now, they're coming to us for parts.

The extended factory shutdown in December certainly does not make things easy, as we're trying to stock up now, before the closure. Maybe it will cause Ferrari to rethink the California concept and 'mass production'.

 

Hey that's where I buy parts for P 4/5.

 

If the brakes are original and just repainted...

 

Someone I know recently bought a new 599 for $150k off retail price in Australia. The discount available on 612's is a lot higher.

 

Are they the original seats in the car with the red calipers? They look too modern for the F40.

And surely they could complain about the car having mats...

 

With the vast disparity in F-40 condition I question how one could even put an accurate price range to the model. Every one of them advertised is perfect in every respect...... unless you actually want to drive it! There are cars on the market in the last year or so that should be in the 250 range already but surely are not.

The F40/F50 market place is not an area to set the "value" of the model by what the cheapest price advertised is. There will always be a big price difference between properly sorted cars and those let go so far that converting to a track car is justified. That said, there is a big difference between a track car and a Race car. Many buyers shy away from any car that hit the track which I strongly disagree with, cars need to be maintained to be put on the track or used in a spirited manner. This is a lot more than I can say for many of the low mileage cars I have seen in the last few years. Is there a difference between a well sorted / maintained car that hits the track for a weekend club event and one that sits for months on end and is pulled out to tear up a canyon and then moth balled again? They both shine the same yet I have seen one passed over for the other. If ever there was a model that left the factory where proper but very spirited use is good for the car, the F40/F50 is it.

This is one rare area where past owner use / maintaince has more to do with the value of the car than mileage in my book. Bolt on performance mods (other than brake upgrades) prove only to slow the car down and lessen the reliability, Ferrari was on their game with these two models. There are few owners capable of utilizing a properly sorted/blueprinted bone stock car past 70% of its designed limits regardless. That said, there were very few cars that left the factory being all they can be, even here "consumer acceptable" came into play once the assembly line was rolling.

Dave "I have no dog in this fight, I only fix them" Helms

 

bentley LI F40 on ebay auction ended, no bids. $475K opening bid, reserve not met.

 

Re-listing ended with no bids, reserve not met. Will be interesting to see if they list it again.

 

I was going for the idea that the F-50 is much, much rarer. For this alone, there should be some delta in the value.

Also, given the dated technology, and the number built, I would think that there had to be some other difference in the cars.

As I recall, the performance was similar--V-8 turbo vs V-12, but I am looking for some reason to realize a "gap" in pricing.

 

Now THAT is funny!!!

 

For all of you interested in an F40, there´s a nice one on ebay.co.uk (see link). It has recent service done (including tanks). Classiche certification. The "Buy It Now" price is £225K or ~$300K, or best offer (!).

Who said prices are not coming down....?

http://cgi.ebay.co.uk/1989-FERRARI-F40-WITH-CLASSICHE-CERTIFICATION_W0QQitemZ150316846329QQcmdZViewItemQQptZAutomobiles_UK?hash=item150316846329&_trksid=p3286.c0.m14&_trkparms=66%3A2%7C65%3A2%7C39%3A1%7C240%3A1318

 

This price level (£225 - 300 K) has been the price level for the last 2 years in Europe for a non cat car, so this one is no trend indicator.

Regards

 

242K euro still seems high even with new tanks and Classiche. I'd hold out. They'll be breaking 200K euro soon enough.

 

Considering that my father sold his F40 in 1990 at DM 850,000 (what was about $500,000) and considering purchasing power, this is still a high price

 

the now infamous black f40 was a no sale at 320k at gstaad. maybe not an indication of anything in particular. but certainly not a positive result.