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04 360C VS 04 575M Depreciation

Discussion in '456/550/575' started by titanium360, Dec 15, 2003.

  1. titanium360

    titanium360 F1 Rookie
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    Nov 10, 2003
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    I have a choice of getting a 04 575M or a 04 360C before my spyder gets here in March. which car would you guys think will depreciate more in value by March. Keep in mind that i will be paying $225 for the 575M ($20K below sticker) and sticker on the coupe.
     
  2. Bill Sawyer

    Bill Sawyer Formula 3

    Feb 26, 2002
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    The 575 value will drop like a stone compared to the 360.
     
  3. Napolis

    Napolis Three Time F1 World Champ
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    Like a set of car keys falling out of a Lear Jet.
     
  4. titanium360

    titanium360 F1 Rookie
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    I don't know if it make a difference but the 360 is Pozzi blue on cuio and the 575M is titanium on dark blue.
     
  5. Gary(SF)

    Gary(SF) F1 Rookie

    Oct 13, 2003
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    Wouldn't make any difference. I can't really figure it out, because I like both cars, but the 575 depreciates MUCH faster, and will actually be worth less than the 360 in less than a year, if past history holds.

    Gary
     
  6. rob lay

    rob lay Administrator
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    Maybe not in a year, but 3-4 years yes.
     
  7. Mark(study)

    Mark(study) F1 Veteran
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    When its time to sell a 575M you have to find a guy that wants a Ferrari but doesn't want to be flashy or show-off.

    Re-selling any 360 has many more potential buyers, two to three times more buyers are looking for some "exotic" or "flash" when they spend the big bucks on a Ferrari.

    Ferrari has to slow its trend of making Ferrari into luxury cars and away from exotic. Or you will see Maserati like depreciation.
     
  8. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
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    In the short term the 575 will depreciate faster. But, in the long term the 575 will be worth much more than the 360. For those of us that have been around awhile, I remember when you could buy a Daytona for much less than a 308 . After the 308 craze wore off, the rarity and 12 cylinders of the Daytona caused its value to surpass the 308 by a long shot. Same thing with the 575. Ferrari is making 360s like crazy with the 575s being the much rarer car. So, if you only plan on keeping the car 3-5 years, the 360 will hold its value better. In 5-10 years I believe the 575 will end up being worth more. Plus, the 575 is a 12 which is worth more to me anyway.
     
  9. tifosi

    tifosi F1 Veteran
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    You always have the tough choices :)
     
  10. Juice It

    Juice It F1 Rookie
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    Thats a great take on it Mark, even though I am sure many will disagree I think it's right on.
     
  11. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
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    why not just go w/o until march? *gasp* :)

    i would definitely go with the 360CS. 575's are just getting hammered. plus, the 360 would be a more "unique" driving experience for a couple months than the 575, imho.
     
  12. parkerfe

    parkerfe F1 World Champ

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    Ty, since they made far less 550s and 575s than 360s, the 575 would offer the more "unique" driving experience. After all, unique is defined as rare, very unusual, not common.
     
  13. Juice It

    Juice It F1 Rookie
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    Are we talking about the Stradale or regular coupe?
     
  14. titanium360

    titanium360 F1 Rookie
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    Ty,

    You almost gave me a heart attack! i have been without an F-Car since November and i am going thru withdrawls. eventhough i probably would not be able to drive it much in the winter.
     
  15. titanium360

    titanium360 F1 Rookie
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    Jeff,

    a regular coupe. if it was a stradale i wouldn't hesitate.
     
  16. Wickeddeus

    Wickeddeus Karting

    Nov 12, 2003
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    Totally agree with this. Which one if more of a classic to you? A Ferrari V12 or a V8? Sure the 575 is not as sporty but it wasn't made to be....it a GT and when your talking about GT you'll be hard press to find one better then a Ferrari, which can't be said about all out sport cars(excluding supercars, not same class).
     
  17. Juice It

    Juice It F1 Rookie
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    If that is the case, you have 3 months. Take your future depreciation and take a nice trip to Hawaii, get refreshed and your spider will be here before you know it and you will have saved yourself at least 10k!
     
  18. ty (360mode)

    ty (360mode) Formula Junior

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    my bad, i thought you were talking about a stradale! but i still would go w/ the coupe to answer your original question re depreciation.
     
  19. ty (360mode)

    ty (360mode) Formula Junior

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    what are the details on the 360? f1, 6spd? '03 or '04?
     
  20. Texas Forever

    Texas Forever Three Time F1 World Champ
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    Based on what I could figure out when I brought my 98 Maranello, you can expect a Maranello to depreciate by at least 30% within three years. Because the first year is the worst, I'd say that a new Maranello will depreciate by 12% in the first year. Because you are starting out with a 8% discount (i.e., $20k), you should be okay depending on how many miles you drive.

    BUT, my guess is that a 360 will sell a lot faster than a 575. Supposedly in Europe, Maranellos outsell Modenas, but that's not the case here.

    Long story short, I'd go for the Maranello only if you plan on keeping it. Like Frank said, it is a totally different car than the 360. Can you say TORQUE? A 360 with F1 is one screaming machine. A 550/575 is a throwback to days of old, when gas was cheap and rubber was made to smoke.

    Have fun, DrTax
     
  21. titanium360

    titanium360 F1 Rookie
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    Ty,

    The coupe is pozzi blue on cuio, 04 brand new, F1, challenge grill f/r, shield, navigation, CD changer, Elec seats, sticker should be around $171K.
     
  22. ty (360mode)

    ty (360mode) Formula Junior

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    ahh, if it was a 6speed i might have been interested (although i wonder what my '02 is worth now???). pozzi blue is absolutely gorgeous.

    i dunno, if you're not too excited about either one and w/ winter - i'd seriously consider abstaining! of course, this is completely hypocritical since i wouldn't take my own advice either :)
     
  23. mikey

    mikey Karting

    Nov 8, 2003
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    #23 mikey, Dec 15, 2003
    Last edited by a moderator: Sep 7, 2017
  24. Doody

    Doody F1 Veteran

    Nov 16, 2001
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    if you're going to flip it in march, do NOT buy the 575. you'll get a telephone pole shoved up your arse. no lube. no apologies.

    while i generally agree with frank, the numbers are not that easy to cross-reference.

    they only made about 1,400 Daytonas all-in.

    they built 3,800 or so 550s. tack on 700 (?) or so 575s per year to that number, and you're at nearly 6,000 by the end of CY 2004. (though i'll bet they've grossly scaled back 575 production).

    so that's a lot more than they made Daytonas.

    they made about 2,400 Boxers.

    the counter-argument might be the Testarossa at 7,200 units - those prices don't seem to have entirely stablized yet - though the 512TRs (and certainly the F512Ms) have held value better. all in all, they made 10,000 Testarossa variants, and i can't imagine they'll come close to that on the Maranello.

    doody.
     
  25. Doody

    Doody F1 Veteran

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    LOL mikey :)

    the truth hurts sometimes :)

    doody.
     

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