the Ferrari market watch thread | Page 949 | FerrariChat

the Ferrari market watch thread

Discussion in 'Australia' started by ashsimmonds, Oct 21, 2006.

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  1. M900M

    M900M Karting

    Mar 16, 2016
    123
    WA / SA
    Full Name:
    Mr Guy
    Sure, but in the ballpark are medium-to-high KM 458's and also the McLaren MP4 coupe (270-290k) and spider (310-320k) - paying around $280-$300 I'd just go for the 458 or McLaren. A few LP560 Lambo convertible's, the 991 GT3 too fall within that pricing. I've got great experience with the LP560 convertible and have driven the 430 - noticeable difference between the two in performance (LP560 is a better performer, has less issues with reliability). Not sure the 430 is worth much more than $240 for a very clean example.

    Edit: Lower KM on the clock may actually lead to more issues down the line as the car hasn't been properly broken in/used since 2007. Just going on McLaren's and older Gallardo's with under 2,000miles I've seen finally get to 4,000+ miles and start having major issues seemingly out of nowhere. So with KM this low on a nearly 10 year old car I'd be careful. I think they'd settle around $285+/- but I doubt they will drop much more than that. In my opinion, if that was indeed the case, not worth the money - I'd go straight into an LP560 or MP4 or save an extra few months for a 458.
     
  2. Gizzi

    Gizzi F1 Veteran
    Owner

    Dec 3, 2011
    5,217
    Brisbane, Australia
    Full Name:
    Gezim


    I'd have to agree. The more you drive them, the more reliable they are. From my experiences, and those of friends with very low km cars (Ferraris), it seems to be the case.
     
  3. M900M

    M900M Karting

    Mar 16, 2016
    123
    WA / SA
    Full Name:
    Mr Guy
    I've noticed among friends with Ferrari's there is this "fear" (or something! I don't know) about driving the thing!

    When living in LA my group of friends, on the younger side, with Ferrari's still wouldn't take them out much and had alternative drives to keep them busy. There was a fear of putting miles on the cars due to resale as I recall. Still no idea why.

    I come from Lambo's and I sold my LP560 with over 15,000miles from new for a few K less than someone who had their's for sale with under 8,000miles. Literally a stone throw away in price, no big deal, depreciation hit us the same.

    We just got a Boxster GTS (did some major ECU and engine work, so it doesn't go at all like a Boxster GTS ;) ) so we'll see how that handles some heavy KM on the clock when time to sell comes. Surely it won't affect the Porsche much either. Seems to be a Ferrari thing from experience.

    On a side note: The previous gen California has dropped in price greatly; seem like a good buy for a first time Ferrari owner. Offered a 2011 with around 20,000ish KM for under $225k - I didn't even negotiate as I dont want one, but damn that is a good starter price.
     
  4. Gizzi

    Gizzi F1 Veteran
    Owner

    Dec 3, 2011
    5,217
    Brisbane, Australia
    Full Name:
    Gezim


    Lots of them on the market too. But I think they are butt ugly.
     
  5. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,207
    Mount Isa, Australia
    Full Name:
    Pap
    Each to their own I guess. :D:D
     
  6. au-yt

    au-yt F1 Veteran

    Aug 13, 2006
    5,838
    Burradoo... Actually
    Full Name:
    Graeme
    I'm with you on the Cal. The new series is better looking. And at 250 they still have a long way to fall.
     
  7. ihavearedferrari

    ihavearedferrari F1 Rookie

    Nov 23, 2007
    3,316
    Sydney
    Full Name:
    Adam
    +1 on the California T
     
  8. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,140
    Adelaide, South Aust
    Full Name:
    Steve
  9. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
  10. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,207
    Mount Isa, Australia
    Full Name:
    Pap
  11. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,672
    Full Name:
    Mike
    Well the ask is comparable to a 430 Scuderia or 360 CS for what is a much rarer car ( total build around 260) and reflects a similar price relativity already established between the 430/ 430 Scud or a 360 CS /360 Modena.

    Subjectively 355C's also sound better and many people consider the 355 a nicer shape. It's also the last Ferrari that was raced in a series and could still be road registered.

    For various reasons the Australian F355C's all had a very short racing career and were then sold and turned back in to road cars which is the opposite of what happened pretty much everywhere else in the world. This has resulted in our RHD cars being some of the best "non restored" examples left anywhere.
     
  12. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    You tell him Michael, he's a sore loser :p
     
  13. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,140
    Adelaide, South Aust
    Full Name:
    Steve
    I haven't lost yet. :)

    I'm guessing those Challenges are worth a fair bit as they're not hot-rods...
     
  14. GERRA456gt

    GERRA456gt Formula 3

    Jun 4, 2005
    1,407
    Australia, Melbourne
    Full Name:
    Anthony
    i called them when they sold it last time, which was ONLY a few months back.
    they said they sold for $370k, Now they are asking this!
    Seriously!
     
  15. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,194
    Sydney
    The dealers involved are colluding to set the market, hoping to find one sucker. Happens all the time.
     
  16. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,194
    Sydney
    And you happen to own one, what a coincidence that you're a big fan.

    CH's are a mildly modified production car, they won next to nothing when raced against anything other than themselves. Don't kid yourself that they're significant race cars.
     
  17. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,603
    Even when they're Tunad properly? :D
     
  18. Ferraridoc

    Ferraridoc F1 World Champ
    Owner Silver Subscribed

    Jun 20, 2012
    17,153
    Gold Coast, Aust.
    Full Name:
    Patrick
    Ouch!

    So I take it you don't have one, then
     
  19. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,672
    Full Name:
    Mike
    #23719 wrxmike, Aug 22, 2016
    Last edited: Aug 22, 2016
    Yes, I own one and I'm well aware of their race history.

    My point was that the current F355C asking prices should not really be a surprise because they are consistent with the established price relativity between a 360 Modena and the 360 CS or the 430 and the 430 Challenge Stradale where prices here have settled at 2 to 3 times the "base" car. At 450K a F355C is around double the ask of a 355 Manual Berlinetta - for what is a much rarer car and which actually has some race history / potential thrown in for good measure.

    The 360 CS / 430 SC market is consistent with the broader trend with recent model ( ie non vintage) limited edition Ferrari's where there is a big price difference between the base model and the special version, for example 458 Speciales are selling above their original list price, 458 Spider Apertas are probably double the new price and F12 TDFs are in a similar situation. (And I don't own any of those )



    M
     
  20. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,672
    Full Name:
    Mike
    Very clever dat. :)
     
  21. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,404
    Brisvegas
    Full Name:
    Jon
    Haven't you got another boat to roe?







    OLIO, BTW. :D
     
  22. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,194
    Sydney
    I have a real racing car, why would I buy a pretend one?
     
  23. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    26,603
    On most days, barramundi
     
  24. BRDC

    BRDC Formula Junior

    Oct 15, 2012
    943
    Ouch! And here I was thinking that an Aussie F355CH is as significant as a 250GTO!
     
  25. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,194
    Sydney
    to be fair, they're great cars. I'm just over being told so every 5 minutes by Moretti. :)
     

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