2006 F430 Spider for $115,000?

Sports car and exotic sales always dip during winter due to the relative lack of decent driving weather, hazardous road conditions, salt, seasonal affective disorder, etc.

 

I think there's a HUGE difference between asking and actual selling price on these now. Stories and circumstances aside, this car just happens to be priced at what they want rather than the mistaken impression of its actual worth. Many of these circa-$159k cars are going for much, much less now.

The sad reality is that modern Ferraris depreciate and age just like any other car. These 430 Spiders will poke their noses under $100k fairly soon, IMHO.

 

But the car is in California . . . Or is it Vegas . . . Or Memphis . . . You may be right.

 

I doubt a good condition 430 spider will drop under $100k unless we end up a major depression and economic armagdon....this would represent less than 40% of the msrp!!!! But if they do it will be a screaming buy for a great car!!!!

 

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Its a scam.. come on guys. 100-115k 430 spiders with only 15k miles? When-late 2010 maybe.

Someone is gonna get robbed when they go to meet to look at the car. If you believe the News media about the great depression we are in why dont you believe the stories about CRAIGSLIST being full of scammers, killers and robbers that are reported every day.

 

Agreed. I have a bridge in New York, want to trade?

 

Agreed......$115k is NOT the bottom of the market, unless it is a salvage title. YES, we all know, the market sucks. But, I am in Vegas, and so are 20+ people I know in the car business, and every single one of us would have run down and bought this car in less than an hour if it was real.


If it's too good to be true....IT IS; no matter how believable the guy's story is.

 

Some of you people need a reality check, these are CARS. They aren't precious little flowers. Cars. Not Flowers.

The fact that they've held their value so long has nothing to do with the little horsie on the hood and everything to do with E-Z credit. Now we get to see the market value of our flowers...I mean cars... get down to depreciation curves that more closely resemble other automobiles.

 

What facts do you have to substantiate your claim that it wasn't "real?"

 

Maybe the fact that the guys phone number is selling stuff in 6 other states and he is the original owner and selling ring tones and unlocked sell phones on craigslist. Do you really think that someone who paid $220k +( as the original owner would have in 06) would be down to selling ringtones and their 430 for pennies on the dollar yet they still have places to live in 6 states..

If you were a 430 owner with a car in Vegas with a California title, would you list it in Atlanta Craigslist, with a broker's phone number in Vegas to do that. A broker would have that car sold in 5 minutes. I would buy it for 115k with the front bumper missing. They would not need to list it on Craigslist to have 400 idiots calling about it.

Its just common sense. Good deals happen like this sometimes but they come from being on the inside line somehow, not craigslist.

Another fact that 430's are not going for 115k anywhere... recent dealer auction 430's

Manheim MMR.
04/14/09 FAAO Regular $150,000 4,649 Avg YELLOW 8G A No
03/10/09 W PALM Regular $168,000 4,358 Avg RED 8G A No
01/15/09 RIVRSIDE Lease $144,000 23,660 Avg GRAY 8G P

If the deal was real and you think it is offer him 10k more to cancel the first deal that has finance pending and let him know your paying with a cashier check not a loan. It would still be a deal at 125k.

 

Put everyone out of their misery and go buy that amazing deal for $115,000. It is sharp business guys, with that killer instinct, that will rise above the rest.

 

lol!

 

Duly noted. No reason?

There's no getting around that these are mass-produced cars that depreciate massively. They are most definitely NOT of the vintage Ferrari ilk. Just look at the 355's and 360's. There's no pixie dust about these - you buy one and in time you'll take a $100k+ hit. Given that used Ferraris have been bought on credit or perceived home equity that's dried up, and since a new one is about to make the 430 old-hat, prices will continue to fall.

Besides, we're only six months into the big hurt so a lot of the better-off haven't felt it at all. Give it another 18 months, and trust me, you'll have your pick.

 

Joe, we're dying for an update! What ended up happening? Anyone bought it? Did it exist?

 

Believe me, I would have bought it. I spoke to the owner (a retail developer in LV), who in fact confirmed that a broker in Memphis was putting it all over the net for him, and he said the car was sold. No scammer is going to tell you something is SOLD.

$115,000 is a completely realistic price. If Manheim is an auction, replete with dealers, then it can be assumed that Manheim is the wholesale floor. Think of how many people are selling homes, jewely, yachts, vacation property, stock everything else at 15% below the "market floor" to find liquidity and once you look at it objectively $115K is a very realistic price for a quick sale. According to the owner it also needed the 15K service- so add another $5,000 or so to the tally and all the sudden you've got a real car at a real price.

 

Why are people so sensitive about the depreciation of their cars?

I ordered in May of '08 and took delivery last November. Paid full MSRP on an F430 Spider (Roughly $300k when said and done). I may have timed the top of the market to the day (maybe to the hour).

And now I am going to go out and drive every last dollar of depreciation out of this incredible machine. Seems like a pretty good deal to me.

 

Thank goodness- finally the voice of reason in this thread! Let's go for a drive tonight.

 

The 15k isn't 5k. Remember, it doesn't have belts. I just got the 15k done a little early, and it was 2k.

Art

 

I still can't believe some people continue to think this was real! I would bet if someone called sounding like a noob wanting to secure the car with a fast deposit they would be happy to oblige. Its not rocket science that cars depreciate and it has been even worse lately but wake up people. And to think he needed a "broker" across the country to dump a car for 40k under market!

 

Just like the housing market. Don't sell right now if you can afford to stay.

 

The weather cleared, the sun came out, and I'm home for a bit after a spirited 2 hour top down drive..The last thing on my mind was depreciation on selling the car.. I bought from a reliable dealer, got a no story 1000 mile perfect car, and was willing to pay for the ease of doing a trade in plus Dealer service plus an a-one no question Ferrari.... period. The numbers I have seen thrown about on this thread, simply do not exist when one actually purchases a pristine no story 430.

 

yep and same applies to a 360 or any ferrari.. you want the best.. you pay.. bottom line.