Black is my least favorite color in cars. (Although naturally I have a black Cayenne.) Looks great when detailed, but is hard to keep looking good after you drive it. Sent from my iPhone using FerrariChat
The Grigio/Cuoio one at FOD is STUNNING and my #1 pick, however, the ask is insane. I DO like black/black and there is no shortage of them. My 2nd fav is the black/black HGTE on Cars.com. I also like the burgundy one in Utah..that's a sharp looking 599. Jim
The black one in the FChat ads looks nice. It is retro fitted with HGTE. Sent from my iPhone using FerrariChat
My experience with high asking prices at a Ferrari dealer is you are dealing with a consignment car with an owner who is patient or out of touch. Sent from my iPhone using FerrariChat
Yes, I appreciate this. But if there are no trades it suggests what we call a "frozen market". The market here seemed frozen for a long time but recently started to clear. Maybe that's a sign of things to come in the US. Thanks for all this info.
I know Tex knows this but a transaction takes a buyer AND a willing seller. You get a "frozen market" when the buyers aren't in touch with what sellers will accept. IE: there is zero inventory that will sell at the prices of the bid (the same is true of sellers). This also creates a pretty large spread and the real market is somewhere in the middle. People here often get confused that only buyer offers set the market, they forget that it takes a willing seller.
Here's a Rosso '07 with less than 10k miles with a BIN (Ask) price of $116,338 (where do people come up with these numbers?) and two hours left, and no bids.
And here is a Rosso '08 with less than 10k miles with a BIN of $199,000. I don't get it. Doesn't eBay charge listing fees based on the asking price?
One thing that intrigues me, but also pisses me off, is when dealers have a ridiculously high ask price on a car. Unless, I'm really interested in that specific car, I won't even brother contacting them. I always start haggling up from my bid, not down from their ask. But when the ask is so high, the process is too much work. Thoughts?
You are correct. There are studies on RE that show if it is 10% over priced it won't get offers. That is kind of the threshold for 'too much work'. I would extrapolate that is about right for cars too. Maybe it is as much as 15% for cars but it isn't 20%.
If I like a car or R/E and I feel it’s to high, I still make an offer. The worst they can say is no. Nice cars, colors, and a strong history are coming harder to come by.
While I really like your spread sheet, I found several years ago when I was looking for a F-car, too many cars which I would never buy for one reason or another tended to confuse me. At the time while there were an average of 20 cars (612s for me) on the market. Usually I was only really interested in 1-3 at any one time. The car which I eventually bought came to market priced as a non OTO (which turned out to be a mistake as it was an OTO) at a price I would have offered. So I immediately made a fully price offer, subject to PPI, which was accepted before the error was discovered and the dealer honored the transaction. I knew it had to be an OTO car because of equipment list. Guess I just lucked out. But my point is don’t get too mired down in detail if you see the car that checks all or most all the boxes move on it quickly as real specially equipped cars tend to go fast. This year I missed a a very low mile ‘17 991.2 TTS optioned exactly like my former ‘08 997 TT which I factory ordered in 2007. I should have given myself a dope slap thinking I hadn’t done enough “market research” so I missed it.
Still trying to figure out why a 599 was singled out as a poser car. Aren't they all poser cars? A Ferrari V12 is a rare and special experience. Good hunting.
The front engine V12s are much more subtle than any of the mid-engine V8s. If someone were a poser, the latter would be the choice.
Just had mine in for annual service. $2900. An awful lot for fluids, filters, and check up. Add insurance, registration, and LOTS of gas. I drive it maybe 2500-3000 miles a year. Weekend DD and for longer cruises, tours, rallies a couple times a year.
That is high. Should be around $1000 per year when the aux belts do not need changing. Unless it lined up with the 3 year checks, including changing out the F1 fluid.
Now I'm not arguing here but, my car is what would be considered high mileage but very well cared for. '08 Black/Cuoio, I don't know what it's worth but I would never let it go for 90K. Image Unavailable, Please Login
Really cool effort. I am lurking in the market for another year or so for a 599, or po$$ibly move up to an F12 by the time I am ready. Now if a winning lottery ticket happens to fall in my pocket, 812. I would think service history would have a direct effect on price, or is that too difficult to quantify...yeah, I thought so...
Really like the 599, not the F12 so much. Haven’t seen the 812 in person so I am withholding judgement. They all go plenty fast so that would not be the issue for me. Also I really being the guy who takes the big depreciation hit unless I order new and get exact, exactly what I want. Then I can some how rationalize the hit - that said I am not so sure that is rational either?
The 360/430 worlds has a huge spread in maintenance/condition. The 599 world is VERY small and the condition spread isn't nearly as much. Plus, the backyard hack who can't afford to fix the car or cobles something together doesn't generally get a 599. Sure, there are a few in poor condition but most are reasonable condition. If you are shopping for concourse, that is a different question. Ultimately you are shopping color & features, from the 1 or 2 cars that meet that you mix in reasonable condition and make the move.