the F40 is undervalued | Page 9 | FerrariChat

the F40 is undervalued

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by ross, Jun 1, 2019.

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  1. ross

    ross Three Time F1 World Champ
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    Mar 25, 2002
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    there are differences of origin, mileage, and probably condition, never mind location, sale order, time of sale, accompanying lots etc.
    without being there and seeing them in person, its hard to say what moved the prices around with much confidence
     
  2. joe sackey

    joe sackey Five Time F1 World Champ
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    USA cars do comparatively bring more money, but Euro cars are not unloved.
     
  3. 6Speed 430

    6Speed 430 Karting

    Jul 6, 2012
    100
    https://www.goodingco.com/vehicle/1990-ferrari-f40-7/

    Gooding's 7500Mi F40 which got a high bid of 1,050,000 is now available with an ask of 1.3 for a few days, and no takers. Is anyone familiar with this car who can speak on its condition. Estimate was for between 1.2-1.4 which leads me to believe they'll even take an offer of 1.2, seems very reasonably priced.
     
  4. ross

    ross Three Time F1 World Champ
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    seems like a bargain.
    why dont you just call them and ask the guy there - they will most likely have more info on the car themselves.
     
    joe sackey likes this.
  5. PAUL500

    PAUL500 F1 Rookie

    Jun 23, 2013
    3,136
    Out of interest, how come the US spec car above cannot be registered in Cali?
     
  6. Caeruleus11

    Caeruleus11 F1 World Champ
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    Jun 11, 2013
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    I noticed this disclaimer on many cars at the auctions. I think it must be an emissions thing.
     
  7. mikesufka

    mikesufka F1 Veteran
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    So here’s a question ... how many of you big F40 ballers actually drive these things regularly ? To coffee ? To dinner ? To the lake ? To Sedona for lunch ? Etc ...

    MDS
     
  8. BarryK

    BarryK Formula 3

    Dec 17, 2016
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    I think the answers depend quite a lot on values and where we are in the cycle. Back in 1994 I bought one which during the last bubble had been kept in storage from new for 3 years. Even had all the plastic interior wrappers. By then the bubble had collapsed and you could get them for less than list price, a long way from the 5 x list they were selling during 1990.

    So I drove my 100k euro "investment" nearly 20,000 km in the next 3 years. Who would do that now?

    When this current bubble is over, I think you'll see a few more on the roads, which is where they should be.
     
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  9. mikesufka

    mikesufka F1 Veteran
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    ^^^

    I apologize for the “ballers” term ...

    Let me try this again ... for those of you that own a F40 ... does the thought of making a few $100,000 if it appreciates really keep you from driving it ? You have one of the coolest cars ever in your garage and you can afford to buy it .... really ?

    MDS
     
  10. mikesufka

    mikesufka F1 Veteran
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    BarryK -

    Bet those 20,000 km were a hoot !! Nice work.

    MDS
     
  11. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    i dont get to drive most of my cars - not because of miles but because of time. that being said driving a 99 point f40 to dinner at < 55 mph and leaving it in a parking lot doesn't account to all that much fun, i've tried it. i have 300k miles across a few daily drivers and my average speed for all 3 cars is 26 mph. so id rather be in my FF or 430 spider that i dont care about, way easier to get in and out of if i'm going to dinner, shopping, etc...f40 is perfect when me and a couple friends want to have a playdate. at some point i'll add a high mile euro car and try it as a daily driver, maybe.

    if i commuted on the autobahn daily i'd def drive it more.
     
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  12. mikesufka

    mikesufka F1 Veteran
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    Dinner was probably a dumb example .... but lunch with the wife ???

    ;)

    MDS
     
  13. Drew Altemara

    Drew Altemara Formula 3

    Feb 11, 2002
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    I have a 92 with 17,000 miles. So high mileage I guess, huh? The car is perfect aside from a Tubi exhaust. I drive it about once a month on Sundays going to see my in-laws who live in the country about 80 miles away with the radar detector set to "highway".

    I would never buy a 1,700 mile car to stick in a collection. But if I did, I would just probably just start it once a month and drive it around the block then have a glass of cheap wine with it. :)

    I think there is an argument for both.

    Once you pay up for a low mileage car I think it stays low mileage - I can appreciate that.

    If you want to drive one more frequently buy one with more mileage.

    They are the same car.

    The F40 is a well engineered car. They are not going to fall apart if treated and maintained properly.
     
  14. JackCongo

    JackCongo Formula Junior
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    Dec 22, 2006
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    Fully agree
    Mine has 50000km and I drive it whenever I can!
     
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  15. jeffmoore

    jeffmoore Karting

    Feb 19, 2011
    92
    Unless you are in the business of making money with cars i would use a car for what it is intended, drive! ;-)

    Thats what i do with my F40 as often as i have time. All together 500-1000km per year. Now it has 18k km and when i bought it 4 years ago it was sub 15k. I enjoy every km
     
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  16. joe sackey

    joe sackey Five Time F1 World Champ
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    Glad you are taking care of it Drew otherwise I'd be knocking on your door to buy it back!
     
  17. Caeruleus11

    Caeruleus11 F1 World Champ
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    I drove mine to meet friends for breakfast last week! :)

    I drove it to meet friends to watch F1 a few weeks ago also.

    I don't drive it like that all the time, but I do drive it.
     
  18. fbrs2

    fbrs2 Formula Junior

    Sep 7, 2012
    309
    UK
    ... to the track, round the track and so far, back home again... imo there's very little point owning a supercar if you don't wring it's neck occasionally. In about 50 years my lawyer can worry about what its worth, or not, when I die!
     
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  19. mikesufka

    mikesufka F1 Veteran
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    Fantastic
     
  20. ross

    ross Three Time F1 World Champ
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    its a tough call.
    i would like to say i drive it as often as i like, but that is not the truth.
    now that it is back in the same city as me, i intend to drive it, but i do worry about the state of roads in houston, and the fact that i have recently gotten a few speeding tickets. the f40 is easy to drive slow in town, but not as much fun as going fast, and the problem is that once you engage the turbo, you cant simply stomp on the brakes after you hit the speed limit...
    and then there is the 'other people' issue, where you are never quite sure what might happen, on the road or in a parking lot- these cars bring out some strange behavior

    it (along withe other 2) will be garaged at drivers source in houston, which is a 30 min drive from my place, and is open during business hours.
    so the plan is to pick one up on fridays, drive it around on the weekend, keep it at the house for that week and maybe drive it a couple more times, and then return it friday and pick up another one and do the same again. rinse and repeat. that way they all get some exercise, and i change my automotive scenery on a weekly basis.

    but even with these good intentions, i doubt i will end up driving it all that much. maybe 1k per year.

    maybe i should drive it to san antonio or austin for the weekend - at least i have the luggage set !
     
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  21. roma1280

    roma1280 F1 Rookie
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    I had an 1,800 mile garage queen and it was the only car I basically didn’t drive. Putting 10,000 miles on it would cost you hundreds of thousands. The USA cars in particular are quite fragile, the seats, the stupid seatbelt on the rail that is always breaking etc. I was glad to sell it. I would like to buy back a high mile Euro car with leather seats and proper seatbelts and upgrade to LM brakes. As you all know the standard brakes are quite terrifying.
     
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  22. 2cam

    2cam Formula Junior

    Aug 28, 2014
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    Austin, Texas
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    You're welcome to keep it at my place in Austin. I promise to take it out a couple of evenings each week for a workout on curvy, Austin backroads. ;)

    2cam
     
  23. rmolke85

    rmolke85 Formula Junior

    Mar 11, 2013
    748
    I bought a high mileage Euro car with Plexi windows (42,000 km) because thats the truest F40. The USA cars are akin to a USA Countach for me but instead of screwing with the engine they screwed 250lbs into it. To me the weight is a huge detractor alone for those cars not to mention they look like they have a mustache. Weird seats and belts to boot.The Euro cars are THE F40 and now us USA folk can have them. They are rather stark in contrast of you get them right next to each other. The USA cars are bolt on safety cars compared to the bare race car a Plexi window car is. The office inside feels so very different. I would love to have someone back to back both cars and review. I believe it may be quite enlightening.

    Prediction is the USA cars trade off once good F40s come here and start getting restored. Only matter of time IMHO could be 10-15 yrs or more but thats my sense. As time goes on the importance of current condition seems to be on par with mileage for a collector car.

    The fact tha multiple people above this very post made similar comments on how they would proceed with an F40 purchase underscores the shift is beginning....
     
    ross likes this.
  24. ross

    ross Three Time F1 World Champ
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    the whole mileage thing is an enigma for me.
    these are machines meant to be used. keeping them idle is a waste.
    at the same time, when was the last time anybody cared about the mileage on a 275gtb? the answer is likely never.
    the same thing should apply to F40's.
     
  25. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    hopefully but unlikely because they made a good amount of them - so, albeit a slow process, clean ones can be found.
     

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