430s at dealers?

You are not crazy. But what will the dealers move on to? It’s not like there will be another 430 around the corner, so it’s wise to hold until you are sure it’s overpriced. If a Ferrari sells in less than a month or so, the price was too low. They often are 4-6 month endeavors.

 

150k.. jeezus. I thought 110k was a lot of money when I bought mine in 2021.... But again, I hate spiders... any kind

 

17,800 miles, 2005. "high performance audio" , carbon brakes, scuderia shields (everyone has it ???)

 

120-150 is current market value for F1 430s depending on spec/history etc.- Especially sold by a dealer where they usually put some time and money getting them as close to perfect as possible (tires/brakes/annual service etc).

The reason they might have one a while is combination of the buyer wanting to stretch to a 458 or other options or not stretching to $140ish and going with a 360- It is also possible it is on consignment and the owner wants to hold out for max $$

A nice 430 F1 under $150 from a dealer is a great purchase if the spec and history is right.

Cheers

 

I think we may have a couple 430s for sale.

I know they were traded in from owners that felt that they were in “ excellent condition” , the sales department then turned the car over to the service department and there was a $30,000+ dollar bill for deferred services & repairs, including a lot of cosmetic work. ( This is not to say they were perfect cars )
Except for the sub thousand mile example we’ve had recently.

I know at least one 430 we had was in service for well over 60 days maybe even 90 before the sales department even had the opportunity to list it for sale due to the amount of work that had to be performed and completed to make it sales department ready

Whereas independent sellers and wholesalers can buy the car detail it and maybe fix some of the obvious stuff and make their profit. A dealership Hass to stand behind it, as we know they are held to a higher standard, which translates to them having to do more before putting the car out there on the market.

So the price point that a dealership is presenting may very well represent the investment made in the car, for the next maybe long-term owner.

I am not defending the price point, I’m just offering an alternative perspective, as I am confident no one‘s making $50,000 off of a 430 simply by pricing at higher than everybody else…..

S

 

A nicely specced low mileage Spider in excellent shape is worth $150k all day long. $150k cars don't fly off the shelf. There are a limited number of buyers that can even afford a car that expensive. I bought mine from a dealer in September 2020 for $125k. Worth every penny.
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Well in Colorado (and pretty much everywhere else) 458s are $210+ / 430s are $150ish / 360s are either side of $100 (most $110+).

If you think you can score a 430 from a Dealer for under $120k then God bless ya and buy and enjoy!

Cheers

 

15k is low miles. If you get into super low miles, you're likely to have trouble with the car down the road. You want the car driven at least 1000 miles a year.

 

Don't let sticky buttons deter you from buying.. or headers for that matter... It's just time or money (your time or your money, pick).... IF the car has good history, or mostly, more importantly it LOOKS like it's been taken care of.

 

For sure! Stickies are an easy fix. Headers will likely be fixed on a dealers floor, and just remove the lower brackets to keep them that way after purchase. I don’t know the protocol of recommending dealers here, but I bought mine from a shop in Tampa owned by a long time Ferrari master tech, who is also certified to service Koenigsseg, so he’s the real deal. They have 3 or 4 430’s in stock right now, so PM me if you want details…a google search will also make it obvious

Good luck with your search. The 430 is an amazing experience to own. It’s the last of the visceral Ferrari drive IMHO. It’s raw and brutal in a glorious way.

 

Agree- And obviously all dealers are not the same (assuming you are talking about actual Ferrari dealers and not grey-market correct?)- our local Ferrari dealer would never sell a car in the "latter" condition so perhaps that's what I'm basing my thoughts on.

Cheers and good luck- The search is half the fun

 

your other choice is to buy from an individual....
find somebody on fchat selling - they are usually good cars and the seller needs to be careful not to misrepresent on here......
dont be afraid of higher mileage - that just means all the stuff is sorted out.

i keep thinking of selling my 430, but i have done ALL of the maintenance and replacements - i think every common 430 ailment has happened and been remedied by me at dealers or top indies.
but now with 25k miles, my trade in value is $100k, which i find ludicrous, so i just keep it and enjoy the v8 music (with aftermarket headers that scream !). there is literally NOTHING that comes close to the 430 at that price level.

not all dealers are scrupulous.
board walk is without question the very best dealer i know, so if you are hell bent on buying from a dealer, call steve.

otherwise, take a walk on the wild side and buy from an fchatter.

oh, and pls drive it.

 

The problem I’ve found at any dealer (and ive bought maybe 10 cars from various dealers) is that they never prep the car properly
I even would get written on contract what id like done as part of sale and most of they dont even do whats contract

So now, whatever it needs i figure that out and make an offer accordingly and sort it myself

 

The used car market, across the board really skyrocketed late 2020 and most of 2021... No doubt. But there has been a significant downturn over the last 9 months or so.
There's no denying that cars were getting listed for crazy prices and selling rather quickly. Dealers are still listing them for crazy prices but they are not selling. Many of the cars I've seen have been watching have been listed nearly a year. The problem is the dealers got used to the greed or they're in these cars way too much.
The market will correct, and things will get back to normal. On the long-term I do see a slow uptrend.
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This. I think there is an argument to be made for buying a car - any car - at a franchise dealership if you can make the deal work. I've owned 4 Ferraris, and every case in my search experience, I've found that most cars need attention - some of it extensive and expensive. That's often why they are being sold. With Ferraris, the seller is often relying on the "Greater Fool" rule: The car needs attention, but at some point, an uneducated buyer won't know the difference, see the car as a bargain, and buy it.

 

agree, though I suspect many of these cars could be the dealer's "toy" and (s)he isn't particularly motivated to sell. They'll put a high price out there and see what happens. If nothing, so be it. I also suspect a fair amount of these cars are consignment, with an owner that has an overzealous opinion of fair market value.

I've got my own 360 for sale at what I believe to be a remarkable price given its service history. The market apparently disagrees with me, so I'll just hang on to it. No reason to give a super fun toy away.

 

I'm only using KBB as an example because it illustrates mindset that accepted but really not true.
The reason there is a difference between private party and retail is because it is assumed that retail (dealers) have invested money into these cars to bring them up to a like new standard and addressed all their issues....
I bought 30 cars in the last decade and I have never once found this to be true.
I've had dealers try to sell me $100,000 cars with bald tires, no pain corrections, Ferrari's with stickies, broken or missing interior pieces etc etc.
They just get these from auction or trades, and slap them online.
Every car is different of course, but in general the private party cars are nicer than the dealer ones because usually if the owner is willing to put the time and effort to sell it private party, he has put the effort into maintaining an upkeeping the car.
So get it better car And as it added bonus, they're usually cheaper.

 

Fair points. I am really more referring more to franchise dealers that are selling the a used car that is their brand. I would think a Ferrari franchise dealership isn't going to put a used Ferrari on the front line that hasn't been sorted. If so, that would be very disappointing.

Auction cars are often their own unique deal. I suspect most have issues. A Lexus dealer isn't going to send a trade-in Lexus to auction unless it's not reasonably a front-line car. Paint, odors, questionable records, etc.