Highest Price Ever Paid for F430 6-spd Gated MT | Page 4 | FerrariChat

Highest Price Ever Paid for F430 6-spd Gated MT

Discussion in '360/430' started by johnfe, Jan 6, 2017.

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  1. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,369
    Honolulu
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    Kevin
    The aliigator car has nothing to do with the market pricing IMO. It is a low miles show piece, it is outrageous, it will be cool to look at for many years to come but that has nothing to do with the normal stick shift crowd and pleasure of driving a manual trans car that has fewer complicated parts to maintain. How do you know you wouldn't like a 360 in gated? There are those who say that the 360 is a better match for the manual trans. That car referenced a few posts up for sale on F-Chat is half the price of your reference car. From the pics the owner may have gotten himself into a 458/488? and wants to make room, maybe there is a deal there for you?
     
  2. johnfe

    johnfe Karting

    Dec 22, 2016
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    John F Edwards
    Thanks for your very 'straight forward' answer to my questions, for this is what I was hoping for, and can only help to make what is already a much more difficult position to be in, (created by circumstances beyond my control), much easier to access and process.

    Regarding your comment about the Lamborghini Gallardo, I also had a keen interest in this vehicle as well and also see it as an alternative vs buying the Ferrari. What I have learned about this vehicle is only the 2009~2013 LP 560-4 with the introduction of the new uneven firing 5.2 L V10 engines are worth pursuing as there was a lot of problems with the earlier ones which one should avoid at all cost! Since a manual transmission is also fundamental to my decision as well, I gave up on finding a Gallardo as I learned only 59 MT were allegedly ever brought into the USA throughout all the years of production. However, quite recently I may add, a 2011 Gallardo Spyder with 40,000 miles on it's clock just recently became available on the East Coast as a For Sale by Owner, for $109K which seemed more than reasonable, so reasonable that's it's probably gone by now. But since I had no perspective on how the mileage affects the prices of these vehicles I didn't pursue it any further. BTW, I'm quoting the mileage from my memory which may be higher than the 40,000 on its clock.

    Thanks so much for your answer, very helful.

    johnfe
     
  3. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
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    Darius
    No problem, and while I don't know about Gallardos, there were thousands of the pre LP Gallardos in 6MT so would be surprised if there weren't quite a few Stateside? LP Gallardo manuals rare for sure.

    They are not Ferraris though..
     
  4. johnfe

    johnfe Karting

    Dec 22, 2016
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    Thank you very much for posting this, in fact I went to the link and looked over the photos of the vehicle, and while I was looking them over oddly enough my phone rang and when I answered it it was "RAC Performance" from Dallas calling as I had inquired about a month ago about a different vehicle which was now sold, and although we had never spoken before I did receive an Email from them about a month ago.

    When the gentleman described the vehicle I realized this was the same vehicle I was currently viewing, and incidentally told him so. I also explained I'm very interested to learn more about this vehicle, however I also have a bid in on another one and am waiting to hear back as to the results of that, at this time. He did tell me however this was the original owner of this vehicle which makes it more enticing.

    Thanks so much for the 'heads-up' on this vehicle.

    johnfe
     
  5. mtmilam

    mtmilam Formula Junior

    Oct 24, 2009
    440
    Lafayette, LA
    Full Name:
    Mark Milam
    Go Buy that car quick!!! What a gift that it came up for sale now. And what a great price. ....when I bought my manual, the guy listed at 10:30 pm ... I called the next morning and told him I wanted it......over the next 2 days, 12 other people wanted it and one even clawed me to buy it from me before I even picked it up!!!! Don't have Paralysis thru Analysis....if you don't I may get it it, njust to have two :D
    Mark
     
  6. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,293
    Colorado
    Full Name:
    Dave
    Tough question since I bought mine new for about 12K less than paddle cars cost. Since I've had 11 yrs., 5 months, I guess I'm a "lifer" as you say. But that's just the way it worked out. I owned other Ferraris first, so had some idea beforehand but the first time I got to drive a 430 was after I handed over a large check and was handed the keys in return. My plan was to first drive it to see if I even liked it. If I didn't, I would have flipped it. However, the "test drive" would have cost me probably 10K at the time in lost value. Since it was still a new model, I decided to drive it a bunch to see if it would be problematic. It was not, and still isn't so I still have it.

    It is very difficult to say what I would pay for one now. When I bought it, I considered it "throwaway money." At one point, the value probably fell to about 100-110K. It's only been in the last two years a big premium appeared. Would I pay what my car is now worth? Maybe, but I'd check 360s out first. I'm not tempted to sell it, so that's an indication. Part of the thinking process there is that I don't know what I would buy instead. Also I don't plan to buy a new Ferrari ever again, so selling the car I've had since birth would be very hard. One thing I'm pretty sure of is that I would pay 150-160 for a car like mine before I'd pay 240-260 for a low mileage late model. But that's just me.

    As for the driving experience, whenever I get the motor working at high revs, the tranny is hot and slick and I can execute perfectly timed heel and toe downshifts, I've not experienced any other car like it. I haven't driven a two peddle version but have no interest. I've driven other paddle cars and found them boring. As someone else alluded, these aren't the easiest trannies to operate. The flywheel is very light which means the driver needs to work the throttle more up and down. When you get it right though, you can really feel in tune with the car in a way that is impossible with paddles. I have tracked mine quite a bit also and it's fabulous fun!

    Bottom line: If I couldn't have one with a stick, then I wouldn't have one at all.

    Dave

    PS: I'll be 66 next month. I can live with the "dinosaur" moniker!
     
  7. Cinque

    Cinque Formula Junior

    Aug 4, 2012
    402
    West Coast
    I took a quick look at cars.com and found 7 Manual 430 Spiders and 5 Manual 430 Coupes for sale. This is throughout the entire US, so certainly a very small supply, although this is very understandable as so few were made. With so few out there, they are priced accordingly.

    Overall the Spiders are priced higher than the coupes, but there is one black Spider at Ferrari of Central New Jersey for $186,500.

    Of the Coupes, 4 of 5 are priced under $200k (but still close to $200k in most cases). There is one with almost 50k miles at about $150k.

    So not all the list prices are on the what might be perceived as very high side.
     
  8. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    25,802
    Las Vegas, NV
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    Ryan Alexander
    Exactly my thought about it, I was surprised how fast the revs drop.
     
  9. johnfe

    johnfe Karting

    Dec 22, 2016
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    John F Edwards
    Good to know you took no offense, but to answer your question as to the reason that made me consider that possibly was because of your overall tone I perceived you were perturbed that I would even ask such a thing. Moving on....

    No I have never had the experience of even sitting in a Ferrari much less driving one. In fact when I told my older Brother (who lives in Seattle) about my pursuing this he, divulged his neighbor 2 doors down from him owns a 2006 and he had photographed it shown here (he was given a ride in this vehicle):

    https://www.360cities.net/image/ferrari-f430-spider-newcastle-golf-club-newcastle-wa-usa

    My Brother is into doing these 360 degree photos which you can move around the photos to see more, in fact here are a several more links to photos of Ferrari's shown at a Meet in the Pacific Northwest that everyone may enjoy taken by my Brother Bill:

    https://www.360cities.net/image/ferraris-in-the-rain-ferrari-concours-d-elegance-nw-region-ferrari-club-of-america

    https://www.360cities.net/image/gto-dreams-ferrari-concours-d-elegance-nw-region-ferrari-club-of-america

    https://www.360cities.net/image/two-rare-1962-gtos-ferrari-concours-d-elegance-nw-region-ferrari-club-of-america

    I agree with you I should have the experience under my belt, so to speak, to more fully understand what I'm getting into, however there's also a time factor involved which may prevent me from doing just that in order not to miss out on what's currently available. And that's the reason for my ever increasing barrage of questions I'm putting forth, as I'm now very slim on time regarding the buying process.

    Lastly, I might add my Brother Bill, is vehemently opposed to my doing this as he asked me recently what brought this on, and I answered having become aware of an operation I must undergo it the near future made me more aware of my own mortality and since this was a dream I had always hoped to fulfill, I had to ask myself, what the hell was I waiting for? Waiting for what, indeed? You know peer pressure is a funny thing especially when it involves a sibling. And I know that once he hears what I did, or paid for one on these Ferrari's I'll never hear the end on it. As many tell me I should simply ignore his input, but it's much easier said than done.

    On the plus side I might add I actually went to 2 Dealerships and got to see the Ferrari's up close and personal. LOL!

    Thanks for the time you spent outlining your thoughts, they are appreciated even if I can't fully agree with all of your points.

    johnfe
     
  10. johnfe

    johnfe Karting

    Dec 22, 2016
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    Largely it was because of the article that I decided on the F430 over the 360:

    https://aldousvoice.com/2014/07/08/ferrari-360-vs-f430/

    I agree with you about the F430, I can assure you I don't plan to let any grass grow under my feet on this one!

    johnfe
     
  11. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,369
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    Interesting, When I read that I feel glad with my choice and the extra 100K in my pocket.

    He said, "Consequently, both cars feel the same to drive to a certain extent."....
    He said, "As time marches on the 360 is looking better and better"...
    He said, "The manual cars feel very much the same to drive but there is a noticeable difference with the F1 gearbox."...
    He said, "The 360 F131 was the last in the long line of engine evolution that lasted nearly 40 years"...
    He said, " It is very easy to “bog down” in a high gear if the engine speed is allowed to drop". I do not agree with this but then I am accustomed to high revving motorcycles and keeping the engine and gear selection in the appropriate place for my intent is a point of satisfaction for me.
    He said, "There is one area that the 360 wins hands down and that is the exhaust note."
    He said, "look carefully at your how you use the 360 – if you don’t see the track then you wont really get the most out of an F430"...

    Aldous knows I have a lot of respect for him. I bet if you email him and ask your specific questions about only wanting a manual car and let him know your concerns about the pricing for the 430's you are seeing he will give you some spot on advice.
     
  12. mtmilam

    mtmilam Formula Junior

    Oct 24, 2009
    440
    Lafayette, LA
    Full Name:
    Mark Milam
    The Ass end of the 430 is better looking than the 360,....at least that's what my wife said... Lol.....to OP....I didn't know why I waited so long from moving from a 328 to a 430...after grtting the 430 MT....we're always a little nervous spending that kind of money on a car, but after you get it, that will quickly go away...... I look at it as "driving" my money around instead of letting it sit somewhere. This is assuming you have enough not to hurt you financially......I mean you have insurance on the car, get agreed value insurance.

    Remember This .... "The hearse doesn't come with a trailer Hitch"......You can't take nothing with you. Lol
     
  13. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
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    Darius
    John, if you buy a good 430 manual today and sell it in a year's time, not only will have you more fun than almost anything else could bring you, you'll likely make enough to buy your brother a fine meal and go on holiday with the rest.

    And if you don't, you'll still have owned and driven what is becoming a legend! So, seize the day. It's wild.
     
  14. johnfe

    johnfe Karting

    Dec 22, 2016
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    John F Edwards
    What can I say to this great advice but, Yeah? And, so "Let it be written. So let it be done!" LOL!
     
  15. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
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    Darius
    ..and if my address had the words 'Beach' and 'California' in it, I'd for sure buy a Spider. I love driving mine with the roof down, and I live in England.
     
  16. mchas

    mchas F1 Veteran
    Silver Subscribed

    Oct 5, 2004
    6,086
    Los Angeles
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    Mark
    +1 John just realized you are in Manhattan Beach. I am in Redondo. If you end up buying this beauty I hope to see it sometime!
     
  17. johnfe

    johnfe Karting

    Dec 22, 2016
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    John F Edwards
    Sounds good to me no matter what I do I would still love to see your Ferrari F430 MT or do you have a Ferrari 360 MT? Either way, both are great cars! I currently own a 2003 Aston Martin DB7 Vantage Volante 6 speed manual and when I bought it, it was one of only 2 in the USA which were up for sale at that time. Oddly enough one was on the East Coast I believe in New Jersey, and the other one just happened to be in Manhattan Beach, CA and that's the one I ended up buying.

    I have worked as a professional mechanic in the past and in fact put myself through college doing so. There's only a very few things I've never done working on cars, so the first thing I did when I brought my Aston Martin was to go to their technical website and download all of their technical information and complete workshop manual. It is set up so you pay a fee for a 24 hour period and during that time you can download any of their documents you like.

    Does anyone know if Ferrari has anything like this? As the very first thing I do is buy a Complete Workshop Manual for any vehicle I ever own.

    Fairly recently, I ordered new Eibach Federn German front coil springs for the front end and replaced the ones in the front end along with the proper shims. I took pictures of the method I used and always planned to post them on the AMOC forum but never got around to it, but did send them to a chap over in England so he could what I did. I also replaced all the crappy Lambda O2 Sensors that came with the vehicle, and put in all Bosch sensors and did a complete cleaning of the MFA sensors located behind the Air Filter Boxes and installed brand new oil bathed air filters so it's running like a top and no longer throwing up any CEL's like it did when I first got it. Now it really roars! LOL

    Thanks for letting me know,

    johnfe
     
  18. johnfe

    johnfe Karting

    Dec 22, 2016
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    John F Edwards
    Do you live anywhere near Swindon? I have a friend from the AMOC Forum that lives there.

    johnfe
     
  19. mchas

    mchas F1 Veteran
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    Oct 5, 2004
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    I don't own either one yet, unfortunately! I was very close to buying an F430 MT in June 2015 for 147k and let logic get the best of me and watched them run up in price ever since. I am still kicking myself for that one. I joined this site 10+ years ago while in grad school and am finally in a position to purchase one but the recent jump in prices has not been helpful! But I do hope to own one in the near future. For now I hope you end up bringing one of these beauties to MB so I can see it around town. :). I have probably seen your DB7 at some point - great car!!
     
  20. johnfe

    johnfe Karting

    Dec 22, 2016
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    You know what's interesting is that because a dealer I was price negotiating with kept saying the this car sold for $395K I simple believed him, and it wasn't until just recently; that I finally noticed that it actually sold for $357,500K. But when I went here to read more about this Infamous Alligator Ferrari F430 I learned so much more! For example when I went here and learned the real facts about this situation I learned it really sold for $170K and not the #357,500K that everyone was touting! Read the fine print below the photo shown here to learn facts which must not be overlooked:

    2007 Ferrari F430 Spider | Arizona 2016 | RM Sotheby's

    If one takes the time to read the fine print below the vehicle in the photo one will find out the “Alligator Interior Option” alone cost an additional $154,798.00. It’s because of this I decided to add up these additional options which are not normally found on these vehicles to see how they might have really impacted the sale of this vehicle. Also note the article points out the extraordinary actual sticker price of this vehicle was $419,534.00! Thus making it a real bargain at $357,900K LOL (Sarcasm)

    Additional Unusual Options:

    $154,798.00 Alligator Interior Option
    $ 17,000.00 Carbon-Ceramic Brake System (was an option on the 2007 Model)
    $ 9,983.00 Carbon Fiber for Engine Compartment
    $ 2,721.00 Challenge Style Rear Segment in Carbon Fiber
    $ 3,665.00 Ball Polished Challenge Stradale Style Wheel Rims
    __________
    $188,167.00 Total Costs of Non-Normal Options

    Also please note the published article also states an additional $52,000.00 in additional options were added to the optional cost of the Alligator Interior Option of $154,798.00. The additional Non-Normal Options I added for this 2007 vehicle is a total of $33,369.00 and when subtracted from the $52,000.00 additional options over and above the Alligator Interior Option of $154,798.00 this still leaves a rather generous figure of $18,631.00 for the traditional options such as Daytona Seats which are normally found on many 2007 Ferrari F430’s.

    Therefore, let’s now take a look at what this 2007 Ferrari F430 6-Speed Gated MT vehicle really auctioned for; once these most unusual specialty items were subtracted from the mix, shall we?

    $357,500.00 Total - 2007 Ferrari F430 6-Spd. Gated MT ‘Alligator Car’ Auctioned for
    ($188,167.00) Minus Total Costs of Non-Normal Options
    ___________
    $169,333.00 Total Price Car Auctioned For was $170K! Not $357,500K After removing all the frills

    Therefore, when one really takes the time to properly analyze this auction sale, this car can’t be used as a “Benchmark” by which to judge potential future prices of this vehicle.

    Additionally it's my understanding from people who attended this auction that the price of $357,500K = $325,000K + $32,500K (10% Commission of sale of vehicle). What this represents is nothing more than anomaly or an outlier of what these cars are really selling for and nothing more!

    Just saying.....

    johnfe
     
  21. johnfe

    johnfe Karting

    Dec 22, 2016
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    Well don't feel like the Lone Ranger out there, as we all realize these things are quite unpredictable and it's very hard to properly access just when is the right moment to pull the trigger and act so to speak.

    If I have victory with this situation it will even be a surprise and shock to me, as well. One's things for sure you'll know about it if I do get lucky enough to own one of the legendary automobiles and I'll make sure you get a chance to see it.

    Never stop trying, your moment will come, "Perseverance and Determination alone is Omnipotent!"-- Coolidge

    johnfe
     
  22. 348SStb

    348SStb F1 Rookie
    Owner

    John-

    Thanks for the arithmetic and the 3rd grade math lesson. One can see that after joining this community a month ago and having had absolutely zero experience with Ferraris, you have quickly become quite the market analysis expert.
     
  23. johnfe

    johnfe Karting

    Dec 22, 2016
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    No I would have to politely, and respectfully, disagree with your somewhat callous assessment. In fact I would think you'd be doing the very same thing I'm doing if you were fighting with a Dealer who kept telling you the car is worth more based on an erroneous amount as the Dealer kept saying these cars have sold for $395K! And was continuing to hold that over you after you had already offered a pound of your flesh for the damn vehicle.

    But I'm still glad you gave your unvarnished assessment of this as I wanted to see how different people might react to what I have stated here as I already Emailed this to the Dealer in an effort to dispel his false notions of the crazy pie in the sky amounts once and for, all in hopes of discussing 'real world values.'

    But who knows he may turn out to be just like you and dismiss the valid points I'm making considering me to be a total ass instead. But I still had to try. I'll agree I got carried away when the Bold typing which I'll admit looks a bit overdone.

    But my points are indeed valid, this car got jacked up and got it's notoriety from the $154,798K Alligator interior which is not Ferrari in anyway shape or form which is totally ridiculous! I think someone put it best when they said, "they were just glad Enzo was not alive to witness a Ferrari being turned into a Pimp Mobile"

    Additionally most vehicles on the market today don't have the carbon fiber for engine compartment added for $10K, and most of the cars pre 2008, and 2009 didn't order the Carbon Ceramic Brake options either, all you have to do is look at the numbers on Aldous Voice to confirm that to be true. Now some ordered the more expense wheels but not many.

    Put all these items which aren't normally there together with the alligator, and take them out of the equation and just what do you have? A car that auctioned off for $170K, Big Deal!

    Now for the rest of the weekend I'll be praying the Dealer Manager doesn't think like you and has a more open mind. Honestly I will!

    johnfe
     
  24. eagleye49

    eagleye49 Karting

    Oct 5, 2010
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    Bruce
    #99 eagleye49, Jan 14, 2017
    Last edited: Jan 14, 2017
    The infamous alligator 430 was parked beside my 6MT 430 at the Monterey FCA national meet. The... ahem... unique interior was a factory option. It was interesting but not $154K interesting. Had it been done in something other than yellow/natural it might have been downright attractive. No haters allowed here.
    Personally, I find the early single clutch F1 trannies clunky and dated. That said, the newer double clutch systems are fabulous, but there's nothing like shifting for yourself. It's a sports car, dummy! I've spent an entire day with an F1 430 while I owned my 6MT, and I wouldn't trade even if you gave me an extra 80K. It's a textural, sensuous experience that has direct lineage from the sports racers that real men drove in the dark ages, when we were all teenagers. The F-car manuals, especially the 430s and 599s with their light flywheels, are not the easiest to drive. 456s and 550s are... Porsches even more so! Once you master the timing needed for a smooth shift each run through the gears is orgasmic. Nuff said.
     
  25. RedTaxi

    RedTaxi F1 Rookie
    Silver Subscribed

    Mar 1, 2012
    3,310
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    Glen
    Very well said. The closest thing to an auto I've ever owned was my 360F1. It went to make way for my manual 430. You are right about the light flywheel, but that makes it even more engaging and fun to drive and try to master. Superfast shifts are the answer and when you get them just right, bellissimo. The OP is losing money while he posts. He should hurry up and buy one.
     

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