How much does a re-spray affect value

not really, if its a full paint job and theyre not taking it down to metal. if theyre taking it to metal it will be more than 30k

 

Really guys? A respray without an accident is a story? Really?

You know how many cars made it state -side with orange peel that were sent out for a respray? New cars all have a "story"?

Please.

Ferrari owners are their own worst enemy. OTOH.. in the case of a 430 spider with 3-pedals, I'm sure that the car will have a *massive* depreciation in value because of the respray. *rolls eyes* In this case all the guys calling the seller trying to reduce the price by $30-40k can be laughed at and told "go drive an F1"... Most Ferrari owners don't have a clue. And in this case if the cars history never makes it to Carfax, nobody ever will.

 

I think your friend was sold a bill of goods to be honest. But its over with so nothing can be done about it now. Regardless, I find it interesting how numerous Ferrari owners complain about a respray on a vehicle that has no accident history, when many vehicles, from the factory, had resprays before they were even shipped. I saw a brand new F12 TDF that had numerous blend lines. I saw a 599 GTO in which various body panels didn't even match...from the factory. I bet if people took a close look at their cars, more than likely they would find areas that have been resprayed. Now I am not advocating that resprays don't matter provided it is done correctly. But as Ferrari owners, it is my opinion that we sometimes place too much emphasis on certain items not even realizing that the cars we drive probably have the same issues that we have disdain for. Just my .02

 

Bingo. A $30k paint job better be beyond perfect. If so, nobody would be able to detect aside for the fact, if done right, would likely be better than the factory.

 

A "respray" is not a universally equal term. Yep, could be done for much less and be garbage. It could be done for much more and be garbage too.

But, usually price and quality align reasonably well.

 

I'm waiting on some decent pics from the owner and then I will list the car in the classified section here with full disclosure, blah, blah, blah.

 

How's this for value guidance? http://www.ebay.com/itm/2006-Ferrari-430-6-Speed-Manual-/192314221368
6 spd, high mileage, rear bumper repainted (not apples-to-apples, of course, but it does give an idea).

 

Of course its not that binary. A bumper repaint or even a panel here or there isn't going to set off red flags for most people. It's understandable someone may have repainted a bumper due to rock chips or scraping. However, if I see a newer car that has signs of repaint on every panel - door jams, engine bay, fenders, wheel wells, etc then I have to step back and question if I really want to take a chance on it. I guess I'm more picky than most. But after owning 30+ cars in the past 10 years I can say with some certainty that I have a good eye for this stuff and also know it can come back to bite you in the ass later. Yes documentation will help, but it's a story when I have to explain to the next guy that the entire car was repainted because a previous owner thought it had too many little blemishes. It's a story when a folder full of body shop photos and paperwork has to follow the car along with every transaction. That's not going to sit well with everyone. I'd feel guilty if I didn't disclose it to the next buyer, but I know not everyone is the same way.

And yes I'm fully aware of all the brand new factory cars that get roughed up on the boat ride over. There's a shop here that does all the work for a local ferrari dealer and I know what kind of damage is typical on new cars. I've never heard of a dealer repainting an entire car. Maybe a bad panel or bumper. If an entire car has been repainted after it left the factory, you can bet it was at the request of a picky buyer and was fully disclosed by the dealer. The prep work and cost involved with repainting an entire car properly is night and day from painting a single panel or bumper.

Back to the original poster, I do agree with the others that $30-40k off is too much if the paint work was done reasonable well. I'd say 10% off if you're fully disclosing everything. A good price, coupled with the rarity of a 6spd will make the car move quickly.

 

You don't say what the mileage on the car is.

If the car is low mileage, then a respray IF done to the utmost of professional standards, is probably less of an issue for me. I'll admit I'm new to the Ferrari world having only owned my "new to me" 2003 360 Modena for a little over 3 weeks. But I have discovered that most of the cars I looked at-- even the under 30K mile ones, were all what appeared to me as driven-- And not very well cared for cosmetically. When I was shopping for my 911, almost all the cars I looked at with 25 to 35K miles all were in excellent shape and seldom did I discover a resprayed panel or entire car repaint.

I would be more troubled actually if the car was high mileage and had a total repaint. For me, too much unknown history leading up to the decision to repaint the entire car. But isn't this a common issue? I have to believe most guys have a high deductible anyway on these cars and often times will repair accident damage (especially self inflicted with no other car involved) out of pocket--- rendering a CarFax unreliable.

With that said my Modena Has 21K miles on it. It came from CA and I had a PPI done and the paint meter revealed some concerning paint thicknesses. I knew the car had had some paint work. But when the car arrived to me I could see the work was done perfectly. And this comes from someone who owns a restoration shop and knows what I'm looking at. Does it devalue the car? Not for me. And frankly I think anyone would be hard pressed to tell there was any paint work done. Match is perfect, fit and finish is perfect, and there are not tell tail paint lines to be found.

These cars seem to get driven. They get road rash, bumps and bruises. I have one of the best in the paint-less dent removal business I call when I have a ding that needs to be gone on a panel. He can get excellent results. But if there were scratches, missing paint at the point of impact, or simply a ding that is too difficult to reach with the dent removal tool kits these experts use, then a total repaint for the OP's car is not out of the question. Not to mention the paint-less dent removal guys all operate on a % basis. Meaning they will tell you that they can get "this dent 75% gone or that one 85% gone". So maybe the respray on the OP's car was justified.

The new clear coats do not blend well. The base coat blends perfectly if you are a true professional applying it. Even a small irremovable ding in a panel will not allow you to blend the clear on the panel without showing a line where the new clear meets the old clear. The only option in my shop is to clear the entire panel. One can see how this can add up to a repaint pretty quick as opposed to clearing in spot repairs that require the entire panel to be re-clear coated. The dealer's assessment of this may not have been off the mark.

30K for the repaint is not absurd in today's market-- although I'll agree the dealer probably got "a taste" on the deal. I think anyone serious about a 3 pedal 430 would be foolish not to consider this car above other "original" paint cars just because of the respray. Are you collecting cars to brag about or are you interested in getting a really nice car is the question for me. To think this respray devalued the car is crazy to me if it was a superb job. I'd take it over an original paint car that has dings, scrapes, or other cosmetic issues just to be able to brag to others that it's original paint. Makes no sense to me. may not add value to some but to say it devalues the car? I don't see that. Especially as a 6 speed stick spyder.

 

Should lose value. A repaint, respray, etc is usually not suggested unless there is something to hide. So, yes big impact on value.

 

I'd also agree that if I were buying a car for keeps and the paint work was done to my standard, it would not bother me as much. But like most of us here, we do not own these cars very long. When I'm buying a car, I'm already thinking about what it would cost me to own and sell. That mentality has served me fairly well in all my transactions. I'm not going to buy something at full market value just because it looks pretty. If I have to post disclaimers with my forsale ad in the future, then you better believe I want a discount. For the "caveat emptor" kind of sellers, probably less of an issue.

 

Agree!!!!!!!

 

I wouldn't care about the respray as long as they did a good job, especially if it was a car with the spec I wanted, like an MT 430.

 

It's not a special edition (cs, scud, speciale ) so I would rather it more if it was reprayed looking new. Go to the 308/328 or 348/355 forums. Most of the guys there would respray their cars the drop of the hat if offered for free.

I wouldn't get my speciale resprayed but next year I'm going to get my 348 for a total respray. I want it looking mint.

 

Interesting thread. So a totally new paint job? We still dont know what the mileage was right or the cars location? A female owner just gave a nod to the dealers idea that some paint chips would require a 10x more than a partial respray to fix the bumpers up. I would think that for the dealer to have any credibility that there are plenty of high quality photos of the before during and after. That important documentation is required to travel with the car from here on out as is the dealers name and paint shop that did the work. It will help the next buyer and seller, etc and any dealer worth a spit would know this. In the back of my mind I am thinking that I would want a car where the owner had deep pockets and did everything that the dealer recommended. This car probably doesnt have a sketchy anything if the dealer could count on the owner to just say yes....yes?

 

My personal preferences as a buyer:

1. Perfect original paint
2. Perfect respray by proper restorer
3. Original paint with lots of scrapes/chips/rash
4. Respray with lots of scrapes after the event
5. Bad respray

I'd pay less for each, going down. Sounds like this is number 2. Not a big deal for me. Maybe for some people. So, would limit the market, but not necessarily be a significant hit on price. Here in the UK, anyway.

 

is this;
irony?
sarcasm?
good humored fun?

IMO a re-spray will most definitely affect value (negatively) for most buyers shopping for a collectible car.

it still seems like a desirable car for people looking for a cool convertible.

 

People only care about a respray for realivley new cars (20-30 years old). 99% of all vintage Ferrari's are fully restored. Nobody cares about a respray or milage and these are multi million dollar cars

 

If nobody really cared, we wouldn't be having this discussion. Nor would there be numerous threads already on this subject.

My guess is that he just doesn't have much real world experience when it comes to selling newer ferraris. I've sold many exotics privately and know first hand that even mentioning the word "repaint" scares off many buyers. And this is even for minor stuff like bumpers. It's sad but that's the way it is. Sure you may find someone who doesn't mind, but that doesn't change the fact that you've narrowed your buyer pool. There's a reason you never see paintwork mentioned in forsale ads and it's not because every car actually has "original paint". It just that most guys either don't know or just don't want to disclose it.

Now as time goes on and 6spd 430s become older and harder to find, the impact will become less and less.

 

It's not that people want to brag about original paint. People just don't want uncertainty about the value of their car when it comes time to sell. Why do you think most guys buy red ferraris? If you hang around exotic owners long enough, you'll find that many are fickle when it comes to their toys and the #1 thing on their mind is resale/depreciation. Resale value is what makes cars like 6spd 430s, CS, etc enticing for many.

 

I totally agree with your points. I'm just not the typical exotic car owner I suppose. Buying for investment or buying for enjoyment are two different camps, and I get that.
My car is Azzurro Blu. It was my "first choice" color. Will it be more desirable as a rarely seen color or less desirable because it's not Russo Red?
Doesn't matter for me, resale and depreciation are irrelevant. I have always kept my cars for many years and very well maintained-- driven often but with respect and care. I intend to keep my 360 Modena for a long time. So I probably have a different outlook on this resprayed 430 than the buyer who is moving into another car in a few years.

 

$30K for any repaint seems unjustifiable, unless is has actual 24k gold flake, which would definitely hinder the resale value! Kidding aside, that really doesn't add up, especially if it was repainted the same original color. There is a lot more work involved with changing colors, and even that shouldn't run $30K. I see award-winning custom painted cars all the time who's owners didn't spend 1/2 that.

 

So your friend spent $30k to have it worth $30k less after the fact?

$60k paint job.

How is it possible that the entire car needed to be painted? As mentioned, this person was taken for a ride.

 

While this is true now, I wonder if it will be true in the future. The difference is that there are relatively few vintage Ferraris out there now. Production numbers were really low in the '50s and '60s. So, people can't be too picky as there are so few cars out there. Production levels are much higher now so people may be able to be more picky in the future as today's cars become vintage cars.

 

That is correct. Don't have much experience selling newer Ferraris. Had my stick for 7 years now.

My point being, since there are so many stick 430's on the market to choose from (sarcasm stated) buyers can be really picky. As you know the supply is so great and the demand is so scarce (again sarcasm for you guys) that sellers can easily demand a large reduction in asking price. Because there are so many right? (sarcasm)

As you know, the buyer who is searching for a collectable car with 10 miles on it and no chips on the paint won't be interested in this car (see post #10). But you know that because you've sold so many newer model Ferrari's. Hence, the buyer.. a guy like me, who actually owns their cars for a while.. won't care one bit.

Of course as an experienced seller, I'm sure you've had the opportunity to sell truly collectable cars like the 250's or Dinos. Which of course as we know.. repaints dramatically reduces their asking price (sorry Sarcasm creeping in again). With the abundance of 430's on the market with a stick and no demand... I'm sure the respray, even if it's mentioned will not have a dramatic effect on resale.