Hi folks, I have been doing some research here and there and I have finally decided on settling down on a 360 CS as my first Ferrari. When I did my research last year, the prices still remained in the high $190+ range for a low mileage, well documented car. As of date I have seen them drop to the mid $150K with low miles. Will the market continue to drop on the 360CS for 2009? Or will it stabilize at a certain number or year? Will current market conditions continue to dictate this? Lastly, - Does having a more 'rare' or 'special' color dictate the price? Ex) Rosso Scuderia w/ yellow calipers (which I believe is one of the rare colors with this factory option) Thanks in advance for the advice. Cheers, Mark
I think this is a great time to buy a CS. I don't think the market will drop too much further. I could be wrong, I'm no expert. By the time I'm financially ready to buy if they are 250k again it will still be worth it. I'm looking at the fall. If you are in the position to buy today just do it. Post pics and I'll re-mortgage something to keep up with the Jones
Will do. Thanks for the reply. There are a few right now that I am looking at. But finding the 'perfect' one for me is the key.
For me perfect is mechanically sound, and Red. It would be nice to have factory stripe. If not I have no problem adding aftermarket stripe as resale value does not mean much to me. in low, out low in higher, out higher It's all the same I'm not a collector so it works for me.
P.S. there are so many options and things to consider For example bidding is at US$130k on ebay for a red one (reserve not met) Locally there is another red one for CD$300k I'm only browsing so don't know the stories Hopefully in the Fall I can start asking without wasting anyone's time! What kind of options are you looking for? Good luck in your search
I've heard that the more traditional Rosso Corsa CSs are generally selling a bit higher than the Scuderia red CSs, especially with the stripe.
Personally I can't see the market dropping all that much more, of course depending on the condition, etc. As they dip into the sub $150k I think more potential buyers will come forward and that will end up keeping prices from going to low. Heck, if one was offered for $100k how many people on Fchat would be all over that? lots...and that would bid the price up. Just my point of view as a 355 owner and a 360 CS dreamer
The CS is a great choice - great fun on the track and you will love the brakes(no fade). It has a gritty race car feel to it but is really very civilized. Not as up to date as a Scud but also about 1/2 the price and very few of us can push the car to its full potential anyway. I also believe that the CS is one of the best designs ever and it will show in value in the long run - it is perfectly proportioned, nothing too big and nothing too small, very graceful - I am not trying to offend anyone but I think it is nicer(looks wise) then the scud or the 430(which I also have) - have a blast!!! Image Unavailable, Please Login
Ummmm...These are CARS, not property (as in real estate) with each successive GREAT new Ferrari they WILL get cheaper. At least for the next 25 to 30 years. The ones that are left after that might become valuable collectors items, but these are cars that were built in the thousands, not 10's... They will get cheaper through this year, and through next year, and the one after that... If the market keeps going down to 6000 as an financial adviser advised me today, then there will NOT BE MORE buyers, but FEWER... more cars for sale, less buyers, another year older, new model on the way in the not so distant future, equal cheaper car... James
Take your time and find one you love. There are more than 20 on the market right now just online... Prices will only go down from here so don't be in a hurry and buy something you are not happy with...
It's unfortunate,but all Ferrari's are starting to fall including the mighty CS. In 07, I said a CS will be worth $150K after the 430 CS (Scuderia) was available. A nice CS will be had for about $130k in a few months. One reason is these cars are simply getting older and have more miles on them. The CS will go the way of the 355 Fiorano and the 348 SS. Remember them? Just another limited production car with a few special parts on them. Sorry, sad but true. It's not just the CS. Look at all Ferrari's. A 575 for $100K.A 550 for $69, a 355 GTS $40K, A 250 Lusso for $300K, A F40 under $500K. 512 BB under $100K. I can go on and on!!
Sorry about that... As a hopeful future owner I like the current direction of things...that said, it is happening to ALL cars and I HATE it for my rather large 928 collection which has lost a substantial amount of its value from a year ago! Just highlights that these are cars and they are luxury items, which in the current market means they are worth much less than most of us paid for them! Get them out and drive them! Enjoy them! Ultimately that is what they were made for! Best to you all! James
Thanks all for the comments. The current CS that I am looking is a local car priced at $169K Rosso Scuderia. It has all the options including the Radio/CD, deviated stitching on the seats, scuderia shields, factory stripe, and painted yellow calipers. Low mileage and belts done less than 500 miles ago. The car is out of factory warranty (as most are) and does not have the actual window sticker (which I must say, I would like to have). It seems to have good pedigree (2 owners) who are both Ferrari Club members, but I also found out it was tracked (2x I think). A PPI is a must prior to purchase, but I am getting too picky if I don't go for it if it didn't have the following? 1. Not sure on the color (it's gorgeous, but would like a deeper red) 2. No window sticker 3. Tracked car even with low mileage (is this possible for the CS due to what the car was built for) Your thoughts?
1. Price is too high. 150-155 seems to be the current market 2. Sounds like you would prefer a Rossa Corsa CS- if you dont love it dont do it. 3. The window sticker is nice to have but wouldnt influence me one way or another. 4. I would think most of the CS's out there have been tracked at least once. As long as it wasnt abused (PPI key here) personally I could handle that. Good luck.
That's what I thought so as well. But the car did only have 8K miles. You would be right about the Corsa. Not that I don't like the Scuderia (still gorgeous) but always been attracted the richer red's. Comments 'noted' on the last two responses. I suppose the hunt goes on. I will keep everyone posted.
Is that that Rosa Corsa or Scuderia? Even in the light, it's hard to tell... BTW-love the way it's shown....teasing behind the palm tree's
I was going to list my Rosso Corsa CS with stripe and 6K miles for $175K based on the dealer's assessment of current sales for that type of CS. It's fully covered with VentureShield and like new. The car was tracked a few times, but that's not a concern in my opinion as long as the engine never overheated or over rev'd as shown on the SD3. Personally, I don't see why miles should affect the value of a CS as long as the paint is still good and the engine and transmission were not seriously abused. That is, what's wrong with a 15K mile CS if the exterior and interior are like new and the SD3 does not show abuse? Covered cars should be nearly perfect except for some windshield pits, but it's easy to replace the windshield. It's just a car made by imperfect humans... don't be afraid of it! Image Unavailable, Please Login
The difference between the two reds is indistinguishable in most pictures, but in person there is a stark difference. Just a fyi.........rosso scuderia was the original launch color of the Challenge Stradale. Introduced for the first time with and on this particular model. That along with the red/black alcantara interior. For some Ferrari purists this has much meaning...............a no nonsense stark version with the requisite fire extinguisher and original "from Factory" stripe. Anyways, a "window" sticker can be easily obtained with the right contacts at your local Authorized Ferrari Dealer.
