To good to be true?

Speak for yourself you poor pos!- are you broke living from check to check

 

Back down or be gone. Your anger issues are clear from the other thread ("fat lawyer" ring a bell?) and don't need to be exposed here.

 

I have to assume this is a sarcastic joke, otherwise I would predict your tenure on this site will be brief. There are people on here that could buy and sell you before breakfast, but have the good taste not to constantly remind everyone.

 

I can see where you are coming from, but it just doesn't work that way. This is the opposite of the usual concept of "the sum of the parts being more"

The reality is, there already are cars afflicted with this scenario and have been for years. Look at the 400 series. Relatively inexpensive to purchase, but appear to have pretty expensive parts/service. I've heard legends about 456 cars with automatics where the tranny's alone are worth more than the entire car (I can't vouch for if this is true, it is just something I heard)

Look at it this way...You really don't need to go out and buy a 355 to drive. But holy cow, if you need to redo the valve guides, you do have to do that if you want to sell the car or drive it again. There is a point at which necessity wins over rationality.

Keep in mind that as our cars get older and fewer and fewer replacement bits are available, you still think that the people selling the parts will feel sorry for us and start offering them for less? Maybe, but I don't think so. My car has the fog lamps that no one can seem to get their hands on. Can you imagine if I found a replacement unit for sale how the conversation would go if I said: "Well, now that my car is worth less money, and you currently have the only unit for sale, I think you should sell it to me for less"

One of the things I was warned about before I bought my car was: "Be carefull, in many ways a Ferrari is actually relatively cheap to buy....it's the parts and service that will run you dry"

 

Normally in the summer you might see an increase in the number of cars for sale and perhaps 10% higher asking prices compared to the dead of winter. This summer there seems to be a big glut of all types of nice cars with asking prices significantly lower than last year. The car in question here is 1/3 off its pre-crisis asking price. That doesn't seem out of line with what I've been seeing.

The question is what mechanism will suddenly make these cars worth 2007 prices again? I would contend that nothing will for the forseeable future, at least until scarcity pushes up prices many years from now. There are probably 10 355's out there for every Dino, so many cars will have to be destroyed before rarity bouys resale on these cars.

There are many more factors to push prices lower or hold steady than to make this $40k car worth $60k again. It will always be desirable, assuming driving a Ferrari/Bentley/etc doesn't become generally seen as vulgar and garish. However, despite the 348/355 looks are fantastic and performance is more than adequate, just from my experience I think these cars have experienced a more or less permanent step down in their price.

Servicing them will not get any cheaper, parts will not become more available, and their performance will only fall farther behind the newest wondercars who have 600 horsepower and easily do 200 mph. Perfect cars may still bring decent money, but the fleet overall is gaining age and slowly deteriorating. As 360 prices slide, they push 355 prices down further, which then puts downward pressure on 348 prices, and on down the list. They may never be zero, but I could see a point where many cars are effectively worth only as much as the owner is willing to spend on upkeep.

 

Are you giving orders.The only orders you give is when you use the bathroom.And then you can not make up your mind.

 

Ban this idiot. What are you about 12?

 

Is there an ETF where we can short ferrari values?

I find it very hard to imagine that only the ferrari car values are the only things to continue their deflationary cycle, and nothing else surrounding ferraris will deflate... I think is rather simple to predict. People don't buy ferraris, they drop in value until their pricing becomes attractive again. Isnt' that how markets work?

People don't buy ferraris and the market is filled with sellers. Sellers don't want to spend the cash to repair their cars, so they slow down on buying parts... When parts aren't selling like they used to then what? are they going to keep their value when demand falls? I bet you demand is already starting to fade in the parts arena for these Fcars.

This same premise should hold true for the fcar mechanics too... but don't get me wrong, the best of the best will be busy throughout this economic mess, and also the best parts retailers will continue to do well... But many will be forced to take losses, and many will be forced out of the market place. Many mechancs I'm sure will need to diversify their businesses and work on other car makes too...

None of this is going to happen over night... This is going to play out for possibly years to come...

Bobby

 

This 355 price is really low, when I think I spent 45K for my 1990 348ts just last year + some work on it, I feel like an idiot. What a great deal I did !

 

Yeah he can pay cash for anything he wants yet he is currently selling his 355. Why sell now then? http://sfbay.craigslist.org/sfc/cto/1294649094.html

 

Now it has been removed. huh.

 

I agree.

Late 70's, mid 80's 12 cyl Jags can be had for song, why........cause they cost a fortune to fix.

Same with 450/380Sl MB's. Way too expensive to fix in realtive to the value of the car. A 79 Benz 450SL is worth less than a 79 VW beetle convertable.......think about it. In 79 a 450SL was over 30K, new a beetle, less than 6K.

Nice 1981 Vettes, Camaros, T/A's will bring more money than most/all 91's and even some 2001's. Cost of repair has alot to do with that.

Cars built in the 90's are "too new to be old, and too old to be new". Compared to older classics they are boring and compared to newer cars they are just too old.

This happens to most cars, the cost of maintaining or repairing the vehicle becomes too expensive, thus they become disposable.

Now F-cars are hardly comparible to old Jags and Benzs but still. In theory the same thing could happen. They market will always be there for 348/355's but I bet bofore too long 308/328 will start bringing more money.

 

A perfect 328 is already at least as much as a good 348, it has been this way for some time. While I agree that you might see perfect 308 examples increase in value, this is primarily because of the relative scarcity of really nice cars. 10 years from new, there are lots of great examples. After 20 years, not as many. After 30 years, getting quite a bit more rare. But IMO you won't ever see a great 308 bring more than a great 355. The 355 has quite a bit more to offer in many areas.

For all the V8's at the moment it is far cheaper to buy a perfect one than to buy a scruffy one and bring it up to perfect condition. Ironically this may contribute to the widening "condition differential" between great and average cars. The perfect cars are more likely to stay perfect and the average cars are bought by drivers who use them (and use them up).

While I posted earlier that there appears to be more 348/355 cars for sale than normal, I would also add that more than normal also have issues, like a 30k service. Perhaps on a mediocre car that used to be $60k spending $10k to get it ready to sell was justified, now it is $40k and the owner just wants to unload it.

 

No remember he has so much cash that he can buy anything......so he just lowered the price a grand in his new ad! Haha

http://sfbay.craigslist.org/sfc/cto/1295603804.html


Oh and here is his new e-mail to his ad just in case he removes it again! [email protected]

 

He must be shortstacked with all of his outs gone...........lol

 

If a fellow is looking to buy a Ferrari - possibly of any kind - there may be no better window in the next couple of decades than right now. I firmly believe that the 348 will return to the $50K level. For the last 5 years (until late last summer), that was the price point for a nice 348. It will return there. If you can get into a nice 348 right now for high $30s, snatch it up! There will be no better time, except perhaps in the winter months. I predict that the 348 will be moving back toward that $50K mark by next summer. For whatever it's worth.

 

Yeah poor "working stiff" Marcello2 must be "shortstacked", he has lowered the price again! I wonder why a guy who says he can buy anything he wants in cash is selling his 355 in this economy? His latest advert. http://sfbay.craigslist.org/sfc/cto/1299264579.html

I love the internet!