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599/430 Prices Crashing

Discussion in 'Ferrari Discussion (not model specific)' started by Napolis, Oct 13, 2008.

  1. ferrari sulla pellicola

    ferrari sulla pellicola Formula Junior

    Jun 21, 2004
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    Richard
    #101 ferrari sulla pellicola, Oct 13, 2008
    Last edited by a moderator: Oct 13, 2008
    the wholesale offerings of every major mfg highline car are quite plentiful..those 430 prices are nothing compared to what ive seen cross my desk the past week or so on big ticket MBZ,POR LAMBO etc.....its a buyers market for sure but dont think that EVERY 430/599 will end up priced so cheap. ive seen brand new cars offered at below list a few times they were quickly snatched up.. most of these cars are lease turnbacks,repos and sell offs from those who are cash strapped! im pretty sure there are more to come sos those with the means to buy such cars and hold them for a better day should start looking for extra storage space..
     
  2. SonomaRik

    SonomaRik F1 Veteran

    Dec 15, 2006
    6,685
    kinda of what I was thinking too.

    and correct on the latter bid, believe this is a buyer's better environment.
     
  3. bizz

    bizz Formula Junior

    May 26, 2008
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    joe B
    #103 bizz, Oct 13, 2008
    Last edited by a moderator: Sep 7, 2017
  4. DMC308

    DMC308 F1 Rookie

    Aug 19, 2006
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    I seriously doubt it, but I have been wrong before...

    IMO things will get worse before they get better, but I don't see things getting that bad...
     
  5. wax

    wax Four Time F1 World Champ
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    Jul 20, 2003
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    At forks in the road, Luxuries and Commodities split.
     
  6. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
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    Not what I meant. The late model cars made in he 70's got killed and stay killed. I think the same fate awaits big SUV's now.

    Dave
     
  7. whart

    whart F1 Veteran
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    Dec 5, 2001
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    Herr Prof.
    Guys, the SUV thing was a joke. Sorry for the distraction. The car market will no doubt slide, how far I dunno- would love to see some of the really desirable older cars come back within the zone of reason, e.g., Daytonas, 275 GTBs, etc. But, the new models aren't just missing the 'collectability' aspect; the profile of the buyers is generally different. Those guys- at least here in the NY area- are the ones who got clobbered first in the financial mess, so it doesn't surprise me that the latest model cars are the first ones to plummet.
     
  8. Sfumato

    Sfumato F1 Veteran
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    Nov 1, 2003
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    Now you tell me Bill, after I've nabbed 10 'Sclades and some Navi's with dubs. Old Bentley's drive better ;)
    If you can't afford it, or may NEED to sell it, don't buy it. That seems to be what got us here in first place-Ironic it is hitting the enablers on the downside.
    My 599 was a lousy investment, but flat out, it's priceless every time I drive it.
     
  9. speed racer

    speed racer Formula 3

    Feb 16, 2008
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    +1 in spades.
     
  10. hardtop

    hardtop F1 World Champ

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    Phew! My faith in you is renewed.

    Dave
     
  11. silver-gt

    silver-gt Guest

    Mar 13, 2008
    47
    Thats right, and lets face it. There will be a new 8 cylinder ferrari soon enough. As far as the Ford GT replacement...not happening FOR A LONG TIME (if ever)! That's why prices for the 430s/Gallardos drop more significantly; and cars like the Ford GT and classic cars (the ones not bid up to ridiculous levels) havent moved down that much.
     
  12. VisualHomage

    VisualHomage F1 Veteran

    Aug 30, 2006
    5,579
    SoCal
    my opinion, 599 will be had for current 430 prices sooner than what some may believe presently. 550s will be at sub 60k or less soon.
     
  13. REMIX

    REMIX F1 World Champ
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    Seriously, if I can finally get a GT, I doubt I will want anything else anytime soon. Wouldn't matter to me what prices do after that. Down/up, wouldn't care.

    RMX
     
  14. REMIX

    REMIX F1 World Champ
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    That would represent a phenomenal value IMO.

    RMX
     
  15. DonJuan348

    DonJuan348 F1 Rookie
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    Aug 5, 2008
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    Taxing Jersey
    IMHO,
    this is the F car market correcting itself...these cars were tens of thousands over MSRP and now people maybe realizing that you can buy a R8, GTR, Z06, or ZR1 for a third of the price with the same or better performance...Ferrari is no longer really hand built so they can't claim that. so it only leaves that you are paying for the badge...

    so now that money is tight people are thinking more, actually too much
     
  16. Joe Mac

    Joe Mac Formula 3



    While I agree that the market is tightening, sdo you really believe that the Ferrari buyer is a buyer considering a Corvette or Nissan as an option? I disagree.
     
  17. REMIX

    REMIX F1 World Champ
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    As an outsider (i.e., non-owner) I think very much so with those who were not Ferrari enthusiasts in the first place. Those who really appreciate the history, lineage and such will want the brand no matter what because of what it represents. A lot of poseurs out there who will end up in GTRs and Vettes because the economy finally flushed them out and forced them into something else.

    RMX
     
  18. 575Mike

    575Mike Formula 3

    Mar 11, 2004
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    This correction, which is occurring with frightening speed, has little if anything to do with would be Ferrari buyers suddenly crossing over to a Corvette or Nissan.

    And in fact, the Corvette market is down as well: The just introduced ZR1's market price is steadily decreasing on a linear scale. R8s market prices are also decreasing as you can find one at MSRP.
     
  19. Bluehinder

    Bluehinder Formula Junior

    Aug 9, 2005
    861
    Colorado
    I look forward to that day. If you liked it at the old price, you gotta love that discount. I'd be all over that.
     
  20. Bluehinder

    Bluehinder Formula Junior

    Aug 9, 2005
    861
    Colorado
    +1
     
  21. targanero

    targanero Formula 3

    May 31, 2005
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    You're right. Chevy actually halted corvette production for all of last week due to oversupply and they've lowered production by 20% going forward.
     
  22. whart

    whart F1 Veteran
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    Dec 5, 2001
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    One observation about possible bargains in the 5-10 year old model range: a 550 at 60k dollars may be a true bargain for the car (I've owned two of them and not at those prices), but the amounts necessary for repair and maintenance will not correspond to the purchase price of the car. And, a car of this 'vintage' is certain to need attention.
    So, for bargain hunters, I would urge the same routine that is always recommended: cars with known history, service records and PPI, as well as a realistic budget for repair and maintenance.
     
  23. DonJuan348

    DonJuan348 F1 Rookie
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    Aug 5, 2008
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    I was never implying the people would choose GT-R over Ferrari but if you are after pure performance then yes, most true enthusiast buy the older cars...my point is that these were grossly overpriced and now they are coming back the realm of realistic...

    now, everyone who overpaid is complaining and now they are beside themselves because they are losing sooo much money...

    Its Bargin Time!!!
     
  24. Tom LaPointe

    Tom LaPointe Karting

    Dec 29, 2005
    127
    Tampa, FL - Go Bucs!
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    Tom LaPointe
    I disagree; the SUV revolution revived it, and look at ALL the cars with 300+ (real) horsepower on the market. even 400 hp is passe these days. It DID take 20+ years to return, though.
     
  25. mousecatcher

    mousecatcher Formula 3

    Dec 18, 2007
    2,116
    san mateo, ca
    I don't quite follow -- I think you are conflicting two differences of opinion.

    If you are a "true" (whatever that means) enthusiast, yes you might love and buy the older cars. If you are after pure performance, I'm sorry but the modern cars have it all over the vintage ones.
     

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