360 Challenge Stradale prices for 09?

I've owned many Ferrari(s) in the past and in response to the gentleman who says a F355 Fiorano to non-Fiorano F355 is the same as a Stradale to a 360 has absolutely no clue what he is talking about and probably never driven either.

A F355 Fiorano is a F355 with a few cosmetic extras, a 348 Speciale has a wider rear track, different seats, different front lip, ..., but neither will ever compare with a Stradale.

It is interesting that many on this thread and on the other "downward value" Stradale threads have one thing in common - In their profiles Stradales are in the wanted column. I can't figure why you non-believers want something which you believe will be the next Mondial (I mean no offense to Mondial owners - They are Ferrari(s) enough said).

 

Stradales will hold there value or lose a little until the Scud tanks... The problem is the Scud is $300K. you could buy 2 Stradales for that. Not a easy upgrade to Swallow when most paid over $200K for the Strad...

When the Scud hits $200, that is when you will see the Stadale owners dumping there cars for the upgrade... A huge upgrade it is and well worth $50-$80K.

One fact that will help hold its vaue, "it is the best looking F car of all time" imho...At the end of the day it is probably not a $170,000 car long term...Maybe $120,000

Just my .02.

 

Because we are all poor wannabe CS owners dreaming if they hit 30k by the fall maybe we can get a 12 year woodside loan for 29 with 1 down if our ARMS don't reset and and and...

 

As a 355 owner and CS wannabe, I have to agree. The fiorano is nothing more than a "limited" edition car. I have always found it interesting that it has a few track-oriented changes, but as they are all spiders you almost cannot track them. My favorite addition is the "brake upgrade" which amounts to track pads and rotors with holes (thanks!). It does handle a little better, but the difference between a standard 355 and fiorano is minuscule compared to the differences in the 360 and the CS.

 

I am not comparing a 355 F or a 348 SS to a 360 CS in terms performance or how great of a car it is in history. Blah, blah. CS people are VERY sensitive!
They are worlds apart. BTW 360 CS is a wonderful car.
I am looking from a value stand point over time.(TIME/VALUE) How did they fair? Do they command a premium today. THE 348,355,360 are high prodution Ferrari's. 17,000 360. How do these special editions do over time?

 

The issue is the CS is still an upgraded 360.

When you can buy a 99-01 360 for $70-90k, you have $60-80k you can throw at a 360 to upgrade it to the level of a CS or make it more superior in your own way. The gap will close, I see the CS being a $100-125k car by the end of the year.

 

Guys, it's not a matter of whether or not the CS is a great car - after five years of ownership following 3 three other Ferrari's, I can vouch that it is certainly one of the best looking AND best driving modern F cars. The problem is the economy is in the toilet and is spiraling towards the sewer. That means the Scud will lose big time in value over the next several years due to overpricng and overproduction. The CS will thus further depreciate - but at a much more modest rate. The days of minimal depreciation for any new Ferrari - short of the Enzo type models - are over for a long time. Best.

 

You are 100% correct. Excellent post.

 

so far enzos are holding...

200 k scuds and 599's by 2010 though

 

I think the CS is the most beautiful of all modern ferraris. I know I'm not alone in this. I also know there are quite a few guys out there that are longing to put a strad in their garages. Furthermore, there are probably at least a few hundred owners that never will sell their strads. So for the time being, the supply will be scarce and the demand high.

However, old in most cases have to make room for new. As new models roll out of Maranello and as technology progresses and changes, the CS no matter how fantastic it is right now, won't always be viewed as it is today. Most things loses its luster as it ages (antiques might be one of few exceptions). Old mechanical things especially, when becoming dated, will become less desirable. So guys that absolutely have to have one today will tomorrow acquire different proclivities. So with time, although supply never will increase significantly, demand will decrease.

Imo the CS market (and the exotics market as a whole) will never recover. Not only for economic reasons but also for environmental and political ones. The exotics saw its hey day in the 90's until the financial meltdown of 08. I think from this point and on, we will see a decline for all exotics. Rare models will do so at a slower rate but inevitably drop further and further.

Owning a CS has undoubtedly been fun and exciting. I am however looking forward to the future.

-Peter Oh

 

I am impressed that the CS prices have not declined as much as a 430 or a 360 in the current downturn. I think the prices are only down about $20k from last year compared to $40k plus on the other two cars.

I am guessing that the prices will stabilize in the $125-150k mark for the next 4-5 years. Beyond that it could be a function of how expensive it will be to maintain and faults that would arise over long term usage. E.g. the 355 header problems surfaced several years after launch. There are some issues with the 348 gearbox that are now emerging nearly 18 years later when the cars are hitting 50k miles. By contrast the CS is still in its early stages with very owners having driven past 20K (Jon aside).

The CS will always be a future classic. It has a nice blend of raw experience, fun and terror mixed in with some amount of electronic support. It is possibly the last modern Ferrari that I will like. The 430/599/California are more electronics laden cars that can do it all for you ... this ruins it for me. The older cars offer some faults that a good driver can fill in.

 

Umm have you ever owned a Ferrari? I find them to be very good quality and not fragile at all. Your post smacks of someone that is of the "working class hero" mentality that might be a touch
jealous of Ferrari and its ownership status. I don't know the correct end of a socket set but I can drive and enjoy these cars with very little in the way of unscheduled maintenance. CamryChat.com might
be your forum?

 

+1

It already is a classic....

 

LOLROF!!

Great Post!

 

I agree. Strads will continue to fall through the next 12 months and then stabilize. You have the Scud dropping and the new 450 coming out. Scuds will hit $200K within 12-18 months and the 450 will cause another step down - so my guess is Strads will get down to the $110-125K range and then probably stabilize. Scuds will stabilize for a while at $200K and then maybe fall a bit more.

The market seems to be taking a big breath right now. Not a lot of cars changing hands. I think the difference between buyers and sellers is too big... buyers feel the market has dropped further and sellers are not willing to accept reality - yet. Great Strads hitting the market around $150K now and depending on the economy this could be $130K by years end.

I am not in the market but watching carefully. If they do drop into the very low $100K range I would be tempted.

 

.. screw the depreciation! The thill of driving the CS is PRICELESS...

 

..meant the THRILL.!

 

CS values would have held relatively well, if they hadn't overproduced the Scud. The only thing temmporarily protecting CS value is the still relatively big price jump to a Scud. Once the Scud drops to high $100K's to $200K or so, the CS will drop further to low $100K's range. This is likely within 12 - 24 mos. IMO. Crazy of Ferrari to think that they can sell @ current sales volumes cars with MSRP's consistently @ $300K and above. They appear to be reading the Porsche corporate playbook (sell as much volume as possible with the greatest possible margin per unit, and don't worry about resale value). Only problem is that such strategy only works in a good economy, whereas it won't in the worldwide mess we're currently experiencing.