Scud price increases over the past 3-6 months

Pricing is not infinite, still requires a buyer...an equilibrium will be established, not everyone wants a "track car" without a roof...

but it is a limited edition and looks like asking prices have increased around 10% from 2 years ago...

https://www.ferrarichat.com/forum/threads/scuderia-16m-prices.611326/

https://www.ferrarichat.com/forum/threads/scuderia-16m-to-buy-now-or-wait-for-depreciation.573342/

 

Its amazing how little love 16ms have gotten since day 1.

 

They are just a silly car. "Race convertible" has a smaller following than "Race"

 

Fwiw, if there is ever a scenario where I get my hands on a 16M, that will be my end all

No better car for me anyway

and I'll convert the trans to gated

 

It’s not “silly” at all...you are getting too caught up in semantics.
No Ferrari road car is a “race car.” Period.

The 16M is lighter, CF-tricked out, more powerful engine, better and faster F1 tranny with SF2 tech, lowered, better brakes and (to my eye) nicer bodywork. All packaged in a convertible so you can enjoy a sunny day and hear the better sounding exhaust as well.

That is what it is...the very best 430 spyder they could make in 2009.

Oh...and it is numbered to 499.

I am puzzled that they aren’t consistently in the mid to upper $300K range.

 

Guessing your Starbucks order isn't an easy one.

 

11 years ago (2010) the sp500 index was around ~1,000. Today it is at 4,300. In other words it is up 4.3x - and that’s not even including dividends.

If a Ford GT was $130k back then, it would have to be at $559k today to hold even with the sp500 and GTs are not that high.

In other words, there is no reason to kick yourself for that decision unless you had the $130k back then and didn’t invest it. If you did, then you could sell it and buy the Ford GT for today’s asking prices and still have money leftover (ok, maybe not much left after paying capital gains tax).

Inflation is significant over the last 11 years. These cars mostly went up with everything else.

 

11yrs has passed since I bought my 09, and the plot still remains unchanged? People are still quibbling on the sidelines over $15-30k on a sub $200k car…

I bought mine for $209K, RC w only 890mi on the clock.

At the time I was told, “You grossly overpaid.” Fast forward to today, did I really?

Also, I’d be very cautious buying examples off rando obscure auction lots…just coz it’s cheaper than normal doesn’t make it a great deal.

 

Anyone have a translator?

 

If you find the right one, buy it.

 

Thats always my point. For the right car, ill pay above retail.

 

Agreed on the quibbling over 10k part….. if it’s the right spec and in the right shape.., I’d pay a small premium…..

 

I drink my coffee black.

 

Guess that explains why Nascar is more popular than F1....stupid race convertibles......LOL

 

This is all true, but after a year and a half with a high mile driver grade FGT (paid $182k). Making 4.3x in the market has not provided anywhere near the joy the car has.

Having said that, I would not be in this bubbly car market.

 

All my cars bought in 2009 have been better than my equities. Shld have bought more cars.

 

Im going to start tracking this scuderia. It will go thru service next week. Its going to be worth more after Im done. This is worthless sitting in the garage.
I am done flipping cars and making money.

if i get a truck to ship it to Plano.

 

I mean it’s hard not to make money off cars, jewelry, real estate etc etc in this bubble…just sold my wraith which I bought 2yrs ago for $160k for $216k last week! Sold my primary house a few months ago for a frothy 40% over my ask which was already pegged on the higher end…

Its the stupid rich man’s buyers market right now, if you have something to sell, sell it for top $$$.

 

inflation is not a bubble. a bubble is not inflation.

 

Hmmmm I don’t feel any smarter after watching this clip—-

 

Inflation or projected inflation (in this case) can cause a bubble as it has in a lot of markets. A bubble can be caused by many factors, one of which can be inflation

 

Yeah, this guy is a you tuber I avoid......

 

inflation is purchasing power going down, price of real assets going up in not "bubble"

 

Hmmmm.....will agree to disagree on the relationship of the two statements, as they don’t correlate to sudden price increases of cars that should be following their depreciation curve.

 

Shrugs, u guys are smarter than me. I’m just goin with the flow and trying to survive.

up next on the chopping block is the FF…bought for $129K, looking like I will be able to offload it for at least $149k…even after putting 15k miles on it…

at this rate I hope to be able to afford that Newport house and pista I’ve been lusting after…