Ah thanks Bill......must be my "old eyes for sure. Heres for the op..........to help with his "decision". Image Unavailable, Please Login
They weren't built in the thousands... there were only a little over 1,300 Challenge Stradales built. Only around 378 in the US.
Well that is still a factor of 10 greater than the "collector" Ferrari's that people like to think about from the 50's and 60's where they were built to the tune of 15 or 20... While 378 is not much that is pretty close to the same as the number of 928 GTS's that were imported to the US from '93 to '95 at $90k+ each... Those cars are loosing value and so too will a CS. Maybe not like a regular 360/430, but it won't hold value like a Daytona Spider or a 275GTB4...EVER in my opinion and only time will tell on that. Someone will have to come back to this thread in 30 - 40 years and see if I am right I guess! LOL!
My Rossa Corsa CS is currently for sale at Steve Harris Imports in SLC. 9K miles about and no stories, no accidents, new tires, new battery (didn't drive it for a few months this winter) and the major done last fall. Beautiful car and has always performed beautifully. Call the guys...they are great to deal with. I don't know about other CS owners, but those of us who love our cars and don't "need" to sell probably won't give them away for $130 for a long time. I'm only possibly selling to buy a scuderia and maybe a carrera gt or pick up a daytona now that the prices have dropped a little. pm if you want...it does have the window sticker, all keys, etc. I am the second owner, purchased in 2006 with few miles.
If you want to go off the old age theory of Supply & Demand..consider this - today - economy is a mess..430 couple are cheap and getting cheaper...Scuderias are basically msrp. Stradales enjoyed a good summer but are now suffering as well - 6 months from now - noone can predict the economy - BUT the 430 will end. Dealers tell me there will be NO 430 replacement this year. There will be Californias..but NOT 1 mid engine Ferrari. He thinks..and so do I...that ALL 430s/360s will firm. Perhaps not increase...but the decreases in price will slow. in otherwords...yes I think this is a good time to buy
to think there will be a robust recovery in the used market for these multi-thousand produced very fragile, poor quality machines is foolish. This market will never recover. The bulk of the money that was chasing Ferraris, etc. is gone. Are they special machines??... yes of course. Will the age of "I can pay anything.. so can you" is over Johnny. Trust fund, coupon clippers babies perhaps, a few celebrities, but with normal car performance approaching and exceeding Fcars the magic is lost.. and therefore the market. They will be a curiousity reserved for those who can enjoy an expensive hobby and turn a wrench. Arivaderici
I agree there will be fire sales in the future on many exotics. I'm waiting for a deal on a yellow Stradale with factory stripe (red or tan interiors don't work) to put next to my Scuderia red one.
Not sure about that... Could happen but given the macroeconomic environment I think it is unlikely. And, dealers may not be getting the 430 replacement this year but they will be getting 430s and Scuds. Yes, lower allocation for US but there will still be mid engine F cars for sale. Plus, the 450 (or whatever they call the follow-on) to the 430 will be shown later this year (october maybe) and as we all have seen when the new car comes out demand and tastes can shift (orders will be taken for January delivery - at least in Europe if Ferrari does not slow things down). And from what I have heard the new car may actually be beautiful which could really affect other commodity, mid engine F-cars. In a normal economy with allocation dropping I would agree. This time...?
There will always will be one Challenge Stradale. Ferrari would not call one of its cars a "Challenge car for the Street" unless it was very special. Some people with the finest car collections MUST have a CS in their collection. It stays with the fastest cars at Fiorano. CS prices are only low now because some people need to sell them quickly. I wouldn't expect others to sell their cars for less than MSRP, and good examples over that. In my opinion, buy a CS now from an owner that needs to sell it quickly. CSs will be gone soon, as they were just a few months ago. Image Unavailable, Please Login
Damn nice stable Bill. I agree CS prices will firm up and maybe even rise when the economy is stronger. I put 6k miles on mine and sold it for $10k more than I bought it under better econonomic times. I do think about adding one back into the mix, great cars for sure.
All this speculation about value!!! Let me break it down for you - Its really simple, lower mileage cars that have not been tracked, have the right options, and the right colors, that have had the major service done are going to sell on the high side, closer to msrp, and the opposite cars are going to sell on the low side. Look at the Scud, an early 2008 model with no stripe and no US Carbon Package and no trimmed wheel wells will go for 25-30k under msrp today. Whereas one with the exact same mileage and the stripe, carbon package, etc will go for msrp or above. That being said - These cars will ALL continue to decrease in value for the next 10 - 20 years. Weed out the high mileage, tracked, wrecked and abused cars and the pristine ones MIGHT be worth msrp. Maranello built way too many of these cars to make them instant collectibles. If you want an investment, take the 140-180k you would spend on a CS and put it into the depressed real estate market, you will definitely get your money back over time. However, if you love these beasts, as I do, pay the price, get the car shut off the cell phone and stereo and just DRIVE!!! Image Unavailable, Please Login
Agree with Dom - if money is not an issue go ahead and buy one now and enjoy. About $150K today buys a nice, one owner CS w/avg. miles (say 8K to 10K miles). Will it depreciate more as you drive it and enjoy it? Of course! Especially w/the economy getting worse by the month. Don't let anyone kid you into thinking a recovery is around the corner - it's a long way away and until then expect worse than avg. depreciation for Ferrari's. If you are truely wealthy and basically have excess cash that you may not ever need then go ahead and get the car you want now. I did the opposite. Though I am reasonably successful and work in a relatively stable industry (medicne), I chose to sell both my CS AND Scuderia several months back. Why? Well not because I didn't love my cars, but because I felt, in part, that I should be a little more fiscally conservative in light of current economic conditions. Furthermore, I felt that at some point down the line I could re-purchase one or both for much less than what I sold them for. That makes more sense for me; it may not for others if money is no object whatsoever. Where you are with respect to these issues is your personal decision.
Old Ferrari trick just a new day! Sound familiar!!! Ferrari's final hundred 355's were all F1-equipped Spiders that formed part of a limited edition known as the Serie Fiorano. Debuting during March 1999 at the Geneva Salon, it was launched alongside the all-new 360 Modena that understandably deprived it of many column inches. This was especially unfortunate because the firms small batch of last-of-the-line machines were actually the ultimate 355 road cars. All were enhanced with the Competizione-derived Fiorano suspension pack and featured wide track, stiffer springs, a thicker anti-roll bar, drilled and ventilated brake discs and competition brake pads. A Competizione-sourced steering rack complimented the other set-up changes whilst alterations to the computer mapping provided a little more power and torque. Challenge rear grilles and enamelled Scuderia Ferrari shields were fitted as standard whilst inside, the competition theme continued. There were a number of carbon-fibre inserts (normally only available as expensive special order options), these being found on the centre console, door sills and paddle shifters, the steering wheel receiving a suede covered rim. Only 100 Serie Fiorano's were initially going to be made but Ferrari eventually manufactured 104. I love the CS. It's a great car. You are just fooling yourself if you think it's going to hold it's value. Prices will drop further on all 360's and 430's when the new 450 or new Ferrari is available in 2010. Everyone with the newer Ferrari's will be selling before the new 450 arrives. The word on the street is 430 sales are slowing and Ferrari is hurrying up the launch of the new 450. The Scuderia is the end of the series run for the 430 (around a 8 year cycle). I also heard the new 450 is an awesome car in terms of looks, performance and build quality! I honestly don't think the CS will be a classic. It will always be the "ultimate 360 road car"!!! Just enjoy the CS and don't worry about the value. Wrong reason to buy a car anyway!
here is my $.02 on the issue. I remember very well a few years ago, when we heard about the new 430S (Scud) that was coming out and most "experts" predicted that the CS would tank, "All the CS owners will sell their cars and get the new Scud". That didn't happen then and I don't see that happening today. In fact thats when the the CS price increased the most. Even when Ferrari will put out another 430 replacement, there are many that will follow the Stradale and pay a premium for a nice, clean, OEM striped, no story, car.
Time will tell, look at the 355F's price now. I really doubt the price would hold any better in the future.
Excellent comments and suggestions. I am in a position to purchase and can afford the overall total cost of ownership. This would be a weekend car and definite keeper (since the fiance soon to be wife) won't allow me to have another anytime soon. The Scuderia is a beautiful color, but after looking at them side by side (via pic), I think I prefer the Corsa. It has the deep richer look. I am patient and willing to wait for the right car, (since I almost considered a F355 B) but will not pay over the $200K mark.
Here you go... "Oh Magic 8 Ball oracle, knower and seer of all, will CS Prices be unchanged to higher by the end of 2009?" Image Unavailable, Please Login
And another... "Oh Magic 8 Ball, knower and seer of all, If I buy a CS and drive it for pure enjoyment, without worrying about its value, will it be worth it?" Image Unavailable, Please Login
