Sheehan has dropped the price $20 k and sent me this email. Very good original paint, and the correct "Euro style" front and rear bumpers with no ugly US side marker lights. 512 BBi s/n 39311 is very original and has the factory stereo, equalizer, etc.... It even has the small clear A and B stickers on the rear view and driver's side mirrors. The engine was rebuilt in 1999 with new bearings, valve guides, Nikasil cylinder liners, updated Wiseco pistons and new fuel injectors. A 30k major (belt) service was completed in May of 2006. At the same time, the transaxle was rebuilt with all new synchro rings and bearings, and a much beefier 512 TR ring and pinion set was installed, along with an updated throwout bearing and an updated clutch assembly. The water cooling system was completely rebuilt in January of 2007 and the complete air conditioning system was rebuilt and the front shocks were replaced in August 2007. 512 BBi s/n 39311 was last smog tested in May of 2008. Power is transferred to the pavement though new front Michelin Boxer TRX tires and very good rear Michelin Testarossa TRX tires, about an inch wider and about 1/4" (not noticeable) lower than the stock Boxer TRX tires. 512 BBi s/n 39311 comes with the original factory books, a complete tool kit, jack kit, the factory "skinny-tire" spare and a new original Factory car cover. Complete with all service records back to 1999. Now priced at only $129,500. http://www.ferraris-online.com/pages/carintro.php?reqcardir=FE-512BBI-39311 where its shown at $149k
I think the entire "normal" used Ferrari market is softened across the board by economic news... Also, Boxers ARE going up in value, but those that 'overhyped the trend' were maybe expecting too great of returns??? The market for them in Europe is pretty strong, going from auction results there....
This is no fire sale. This is not a low mileage car by any means with flaws in it's original paint. This car has been driven. It's not worth much more than the new asking price. Major done a long time ago, so not a fresh service. The seller may also need the funds, so the price has been adjusted. If this was a 5K- under 10K mile car with no visible flaws and a recent service, $150K would be the correct value. A ultra low mileage car (under 2500 miles) should be $170K-$190K. This is not that car! Gene.
I agree. It has about 27,000 miles - there are certainly boxers with fewer miles available. It has had a lot of work (?story there). Not an OEM gas cap - no big deal in and of itself but so obvious that it may portend some deeper oversights etc. There is carpet, dash and usual driver seat bolster wear. I wouldn't call it a $150k car. Yes, the recent economic swing has and will continue to hurt the "toy" market but great cars will probably weather the storm better.
Engine and gearbox rebuilt before 42K? Either the PO was super anal and liked to spend money or it had the crap kicked out of it.
Of course they have dropped and will continue to. Who do you think was buying $150,000 cars? Wall Street's young turks, rich mortgage brokers and people making a bit of money in the market. These guys are now under water. They are not the ultra rich buying the $10MM cars, they were guys who did well and overspent on luxury items. Asking owners is the slowest possible way to find out market realities.
Just look at e-bay bids on 360's and 430's, there are none. A boxer is a least a classic. The newer ones are totaly in the tank, and their type of buyer is gone. Will a 360 be a 50k car soon, quite possibly.
I can have a 2000 360 6 speed coupe in red with 100kms on it for 30K euros right now. I cant import it though .
why would you want it? or are you thinking it would be nice to have to show ferrari's evolution from sexy mid engine machine to...well the 360?
Lets see that is about US 50k, although the way the dollar is going more likely to be 60-70k. There will probably be low mileage US spec cars down to 60k soon, that is if you do not mind the deferred maintanance. If 30k 308's allowed a whole new gneration to enjoy f-cars what will the 50k 360 do, and does this mean a 355 is going to be a 35k car.
It's one of those weird things, he must actually want to sell it. And what do you bet there's still room for negotiation? There are many sellers in this market who are far from priced to sell. Hopefully they don't need to cash out for years because winter is going to start a long hibernation. Disregard if you have a perfectly original example of which less than 50 were made.
I'd think the 360/430/599 buyer and the Boxer buyer are two different guys, generally speaking. I don't own either, so maybe my insight is worth something. Sure the market is dropping, the economy is rough right now. You actually have to have money to buy cars (horrors! )
I don't know, but it seems to me that in order to have some assurance of long-term value (again, NOT the reason to buy any of these cars unless you're talking 250 series, 275's etc) with any F-car, the production number needs to less than 2000 or so. Then all the other variables kick in like mileage, wear and the fickle appeal factor. Boxers are 'tweeners with just over 2000 made. However, really good OEM ones are going to be harder and harder to find and will hold their value just fine over the long run.
http://www.ferrarichat.com/forum/showthread.php?t=209317 this says otherwise and its nowhere near original nor is it "restored". I dont get the 2000 production number being the threshold. How about if they made 20000000 and only 5 were left? Would such a car be cheap to come by? How about other markets that now come into the equation like china? Ferrari has doubled sales in china in 2 years. Just because the states is in trouble doesnt mean the rest of the world is broke.
I am sure this car is consignment... The owner most likely dropped the price...Or is Dumping the car.. this will Hurt all other Boxer sales in near future...even with bad miles. That car will probably go for $99,000.00 It is a ripple effect of sour times. Poor Boxers are always a brides maid never a bride. Give them another 10 years and they will stick.
In the spirit of keeping Boxers prices high and reflective of their inherent rarity, coupled with unbridled purity, I'm raising the asking price on my 365bb by $10K. Although she's not a low mileage, cream puff virgin...and recently has been put away wet, she's been in my careful hands for 25 years. Before the flood of e-mail inquiries: She's due for a major within a year Tires are pretty thin Original wheels included, but need refinishing And she's low on gas...and windshield wiper fluid Service contract available to the "right" buyer... Actual asking pricing TBD... David
Actually...$335K, including all the nickel and dime stuff than needs to be done. Perhaps this is your opportunity, once in a lifetime so they say, to own a real Boxer. Operators are standing by the phones...
China is a new money place, they want the latest, not classics. the Market for older cars is the USA, Europe, Japan and Australia. So far only Australia is doing OK. BTW China is also in trouble, their stock market is major down, and their main client is in the crapper +plus social pressure. On the other hand with the US dollar declining even if boxer depreciate in real terms the dollar price may stay the same. If 1000 daytonas are worth 300k, thenb 2000 boxers are worth 150K. However you slice it there are on average more classic car collectors globaly than 20 years ago, therefore threshold production number need to be revised. A boxer is not yet a blue chip collectable, daytonas just are. In the next cycle boxers will be. BTW how low do you think the price of a ford GT will go. Also look on E-bay, the premiums on Nissan GTR's are gone. There are also plenty of Vtette ZR1's looking for a premium. 09 Z06 vettes with no bids and buy it now prices of 66k. If you have the money and the inclination there is a very good car buying opportunity comming up. Of course remember that the biggest car boom came after the crash of 87. That 700 billion of you tax money is going to go somewhere to park once the pirahanas have taken their bite. Who can say? For 80K I am a buyer for a 430 scuderia. My conservative wife is a buyer for nothing at the moment, so goes the economy.
So, now might be the time to pounce on that nearly rust-free, barn find, mid '80s Ford Escort. I think it's got a new tire from Sears...well, newish back in '94. It might even be the only one left, now that I think about it, that's not been made into a refrigerator, manhole cover, or rodent mansion.
My bank would only loan $25K on the prototype 512 Boxer, I found.....$90K sell "ask"..probably firm on the number though... It had 'needs' too......don't they all???
