You are absolutely correct there. Case in point is when dealer start to see the 08 scud for sale right now at CNC for $165k asking!!!
http://cgi.ebay.com/ebaymotors/Ferrari-430-Scuderia-2008-FERRARI-SCUDERIA-430-SILVERSTONE-CHEEEEEEEP-_W0QQcmdZViewItemQQhashZitem1e5fd6a690QQitemZ130456921744QQptZUSQ5fCarsQ5fTrucks
To be fair that car has 21K miles on it. An example toward the median of the model year would probably have 5K miles. I've been using $1-$2 per mile depreciation, so you'd have to add $15K to 30K to adjust it to its brethren. That makes it $180-195K in adjusted market value as of right now. That being said, I find it amusing that some of the people who are talking about how low the Scuds are going can also say, it's now a deal and even an "investment" in order to justify entering in at the current price levels! (Not you Jim). I see this behavioral phenomenon all the time with "investors". A stock is over-priced until they finally buy in (if they ever do), then it has innate value or is under-priced so long as they own it. The car is a nice car, but it is a disposable expense, it will go lower at a faster or slower rate, but steadily lower until a floor set by its liquidation value (scrap value of working parts). If the buyer can't stomach the steady base depreciation and the mileage deductions, they're deluding themselves getting in at all. At the same time, I think the higher volumes that are at the root of this depreciation are a necessary counterpart to the higher reliability, better performance and greater accessibility of Ferraris today. You can't achieve the above characteristics without building more cars to spread R&D costs or else the cost per car would have to be much higher and the accessibility would be less.
I checked out the history on that car. It has paintwork on the driver's door, has 21,000 miles and has a peculiar autocheck, where the car starts with 3,800 miles when first titled. The only other time I have seen that is when a car was a demo before it was bought. So this is likely a demo which was then driven close to another 10k a year. I would hazard a guess that this car was owned by one of those Ferrari driving experience companies. This is hardly a choice example of a Scuderia. But for someone, I guess it might be the right car.
with over 20,000 miles and body been repaint and driven the crap of it and what else is wrong with the car ????
Mileage means little to me. I own cars that were driven 3300 miles in 24 hours. Paintwork? All of my cars have had paintwork. I personally find 1200 mile 20 year old cars creepy. A ppi which they are welcoming any buyer to do at an authorized Ferrari dealer will tell the mechanical condition, how fast it was driven, highest temperature reached in engine/gearbox, condition of clutch etc.
No, Jim, he hasn't. He is bugged by the fact that a month ago he was spatting on here that his Scud is worth $300k
all I can say you guys with the 458 you,ll have your day when the mass production of 458 will be worth pennies and thousands out there for sale and I,ll know the scud. will hold there price give it time when all the smoke and fires clears the air if you know what i mean,
Seriously take your car to a good upholstery shop and have them fit the seat to your back. I've had a lot of seat made to fit and the difference is huge.
I keep telling scud owner not to trade there scud for a 458 the dealer will make you take a big hit it not worth it, it a mass production car the 458 the car is so dam quite can,t tell if running or not the 458 are going to be going for 100k in a few years there so many out there they give them away, keep your scud, like a smart invester would say
The 458 will drop hard as well, no doubt about that. But don't pretend the Scud is somehow immune to supply/demand curves. I agree the Scud is a fantastic road going sports car and arguably has the edge for a weekend track day now and then. I should try that sometime - sold my scud and bought Carrera GT, now those seats fit like a glove
I understand where you're coming from, I'm just commenting on the typical buyer. You're not a typical buyer .
what do think your 458 is going to worth next year they,ll be thousands out there they,ll give them away,
Whatever the 458 is worth 12 months from now, the Scuderia will cost $50,000 - $75,000 less - and nobody has to give anything away. And at those prices, the Scud is a nice value proposition.
Well, now they can be had for $189k or lower with only 1600 miles on it http://cgi.ebay.com/ebaymotors/2009-FERRARI-SCUDERIA-ROSSO-ESC-BLCK-1-600-MILES-/19051425640?pt=US_Cars_Trucks&hash=item2c5b88da12
