430 pricing breaks $190K

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&item=250161752825&ssPageName=STRK:MEWA:IT&ih=015

Is this the start of a new pricing regime for 430's? This one appears to have sold at $185,100.

 

lots of miles, no?

 

It is more miles than most but not too many miles for the car to have. There seem to be a lot of 430's on the market with 8-12k miles. Owners seem to realize that they can easily sell the car as soon as they buy it for a significant profit or they can choose to drive the car for a year or two and get their money back out of it.

That number seems really cheap. I wish I had seen it.

Does anyone have recent Manheim results for 430 coupes 05-06?

 

the buyer is a dealer/wholeseller in Houston and who I bought my 360 from.

 

My crystal balls tells me that the over all economy and fear of a recession will soften the prices on everything, not just real estate. F cars fall into the category of "everything".
Al
PS that seems to be a well optioned car in spite of the miles.

 

prices seem to be dropping rapidily here in the uk too..... great for buyers not so good for those wishing for a good return

 

It sure would be nice to ride these down to $130 over the next 5 years while I'm saving pennies.

 

i wonder if the dealer is really going to let it go for that price or if that's some shill bidding going on? Wouldnt surprise me 11K on the clock is nothing.

edit: just saw the buyer...probably some collaboration going on...that car will be turned around and sold for 200K+ easy.

 

Manual without daytonas, still a very low price even for wholesale.

-Peter

 

Thats my exact car and almost exact miles. I wouldn't sell for less than 220K. But, I love the car so much that I wouldn't sell period.
I just dont get these guys that dont friggin drive these cars! My car is just starting to break in as far as Im concerned. It's getting
faster and seems to have more and more soul. So, to whoever it is that may end up with my car one day all I can say is that I
ain't saving the car for you.

 

Lol yes we know how you feel about driving your car and how you feel about other people not driving their cars. Does it really bother you that much?

-Peter

 

Wow! That is very cheap for a '06 regardless of the transmission and miles. Very surprised it sold for that amount!

 

It looks as if somebody needed to get rid of the car in a real hurry.

 

Take a look at eBay. There are a lot of cheap "Buy it Now" prices on Ferraris. I think the easy money is drying up. I believe Ferrari market will take a hit in the near future.

 

+1

 

The near future is here now.
Al

 

That's in the Stradale price range. For me...Stradale vs. 430 would be a tough choice. How about you guys?

 

Here is a 2005 F430 Spider with 16,000 miles on it. It has a buy it now price of $262,500.

http://cgi.ebay.com/ebaymotors/2005-Ferrari-F430-F1-Spider-in-Titanium-over-Bordeaux_W0QQitemZ150159361655QQihZ005QQcategoryZ6212QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

Funny quote from the listing:

"I love this car. The only reason I am selling it is because my girlfriend wants me to buy a new house."

I'd say it's time to get a new girlfriend ;-)

 

People like that don't deserve a Ferrari nor a girlfriend.

 

Agreed, Al, but recognize that this is going to be a relatively short lived dip, from an economy standpoint. This is a credit crunch, not an equity crunch. So, as long as companies with strong balance sheets use their cash wisely, this should be a mid-08 turnaround.

Let's hope.

Joe

 

I'm ready for the mid 08 turnaround!

 

Joe,
I really hope you are right. I see this current situation as much more than a credit crunch. I feel the RE market will trickle down to almost everything. I see "rich" people cutting back a little and "average" people cutting back more. This will effect most companies even with strong balance sheets. Most people (95%) have most of their investments in some kind of real estate. I own shopping centers in various states and I am seeing financing to buy or refi much tougher and higher than a couple of years ago. I am not seeing small businesses closing, but they are having a tougher time. Vacancies are still OK, but the amount of inquires for vacant space is slowing down. I live in two affluent areas, Kapalua Maui and Sun Valley, ID. The real estate markets here are currently DEAD!! The buyers for these properties are the most wealthy in the nation. These people are sitting on the side lines. Overall we are not even close to the bottom and I see this turn around being 2010 or later. I better be wrong, but I may not be. Also I agree that companies need to use their cash wisely, but that usually equates to less spending and less expansion. It can become a vicious circle. I just think everybody needs to be ready for tougher times. That being said, when my number comes up for the 430 spider replacement, I will be putting my money up. Sean Harris, don't forget me.
Al LaPeter

 

Now this is a man with his priorities in order!!!