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A hypothetical future

Discussion in 'Ferrari Discussion (not model specific)' started by Davidindallas, Sep 19, 2005.

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  1. Davidindallas

    Davidindallas Formula Junior

    Nov 5, 2003
    344
    #1 Davidindallas, Sep 19, 2005
    With Ferrari production numbers and prices (new) both on the upswing, I'm fairly confident that the older cars that have languished with collectors with continue to shine. I do not own a carburated car and am thinking of buying an older car. I understand that I'm not buying an investement and I do drive my cars. Nonetheless the question comes to mind. Are the cars that are most underappreciated likely to show the greatest gains? I'm thinking here of the Berlinas (365 GT4 2 +2), the 308 GT4s and the like. Will the 2+2s built during Enzo's life continue to appreciate despite the normal 2-seats-too-many stigma? Will the forgotten top end cars of their era (Boxers and Testarossas) move up to follow Daytonas, etc.... I, in particular am torn between a 330 or 365 2+2 and a carburated boxer.
     
  2. lukek

    lukek Formula 3

    May 2, 2003
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    LK
    #2 lukek, Sep 19, 2005
    Cars that are at the bottom of the pecking order will remain there, and that includes 2+2s. Family values will never be that popular when it comes to luxury goods. Sure, they will be lifted by the more desirable models' higher prices (They have lagged a bit). Some models have already creeped up (the last auction data for a GTE was a $97K and it did not sell). See Velostrada this month (top link here) for an article that talks about the difference between the upper and the middle of the Fcar market. Same conclusions apply between the middle and the bottom.
    It is likely that the Testarossas will be worth more soon. 80s styles are starting to appear in clothing stores after the 70s have been all the rage. Also, the folks with the posters of them in their teenage room walls are starting to make real money. Boxers, Dinos, Daytonas also have some room to travel, at least compared to Lussos and 275s. But I would not expect 308 GT4s and 412s to suddenly triple in value.
    Just get the best you can afford. Too much research can spoil an irrational purchase....
    :)
     
  3. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
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    HUBBSTER
    #3 WILLIAM H, Sep 19, 2005
    I looked at FML & BB's are going up in $. Sounds like a good investment :)
     
  4. TigerAce

    TigerAce Formula 3

    May 29, 2003
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    Yoshi Ace
    #4 TigerAce, Sep 19, 2005
    Just my guess.

    I think Testa Rossa's price will appreciate quite a lot from today's price after 2018.

    330 will be better car for minimize depreciatetion than 365.

    I think BB's price will keep going up more, especially 365GT4.

    Why are you interested in 2+2 now?

    I wish I could consider ownership of a vintage Ferrari...
     
  5. jvbjr

    jvbjr Formula Junior
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    Aug 19, 2005
    418
    #5 jvbjr, Sep 19, 2005
    As the global economy makes people rich in places like China and India, there will be a larger pool of potential buyers, combine this with worldwide selling networks like ebay and prices should climb for all Ferraris. If the US dollar stays weak, we may start seeing an exodus of Ferraris to places abroad.
     
  6. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
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    #6 No Doubt, Sep 19, 2005
    Nostalgia comes later (heh, heh, little joke there). New money generally goes for the hottest trends, typically paying retail for things new and under warranty.

    And if you've ever experienced Beijing's giant dust/pollution cloud or India's inter-city roads, you'll probably reconsider about the newly rich jumping through hoops for older cars.
     
  7. Davidindallas

    Davidindallas Formula Junior

    Nov 5, 2003
    344
    #7 Davidindallas, Sep 21, 2005
    I'm not so sure that by ten years hence we won't look back on these pre-90s cars and be drawing distinctions among them on grounds we don't currently contemplate. The 2-seat 12s were historically the top speed kings of their era. But, as time moves on that's just lingering nostalgia. The new corvette will outrun any testarossa ever built. subarus and mitsu's will beat any pre-90 ferrari to 60. This is not to suggest that these cars will decline in value, but that they'll be valued for different reasons. I think we may see pre-FIAT cars (regardless of bhp or number of seats) trade at a premium to 360s and 355s. I could easily see a c4 (technically not pre-fiat) or 330 2+2 series II's selling at 85-90 in today's dollars while the 355s at 360s could bottom at 65 and 75, respectively, taking a long time to trade up based on volumes of production.
     
  8. whturner

    whturner Formula Junior

    Nov 25, 2003
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    Warren Turner
    #8 whturner, Sep 21, 2005
    It seems to me the basic decision you need to make is whether you are going to keep it for a long time, or want to sell it in the near term (5 or so years). In the former case appreciation merely costs you more for insurance. There is no tangible benefit. Except to explain to a skeptical wife that you are "Investing".

    Cheers
    Warren
     
  9. Davidindallas

    Davidindallas Formula Junior

    Nov 5, 2003
    344
    #9 Davidindallas, Sep 21, 2005
    I agree with you totally. Knowing myself better by the day, I think I'm not a seller--ever. So, this is more a hypothetical question or one that will prove to be of interest to my heirs and devisees. On a more practical note, it does sort of run through your mind in terms of a usage issue. To me, if I owned a Daytona in dirver condition and a 412 in the same condition, I'd be more willing to pile miles onto the Daytona for the reason that the service costs somehow wouldn't bother me. A belt service or even an engine rebuild are worth while on a 100k car. It's then worth (if for some reason your inclined to sell at some future unplanned point) 105 or 125 and more likely to get it. Meanwhile, an engine rebuild on a 400i or a 308GT4 may exceed its value, even after its done. If you're going to own them all forever, I suppose it makes no difference, but to me the "what if" issue does matter.
     

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