Car I order a 430 with a dealer and expect to get one? | FerrariChat

Car I order a 430 with a dealer and expect to get one?

Discussion in '360/430' started by bloke, Feb 3, 2007.

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  1. bloke

    bloke Rookie

    Jan 10, 2004
    12
    I went to the local dealer today with my boy and saw some great cars. Bunch of 430 sypders, couple of 360 spyders, a silver 612 and a couple of 575m. Not a bad way to tool around the morning with your little guy. But, I was thinking. Do I want someone else's Ferrari for this kinda money? So, I am going to go back tomorrow to place an order for a new 430 or the 430 spyder. Do I have a shot in getting a car by year end without paying some surcharge to the local dealer? I heard from folks that I wont be able to get one since I have never owned a Ferrari in the past. Give me your thoughts!

    TIA
     
  2. robert biscan

    robert biscan F1 Veteran
    Silver Subscribed

    Jan 17, 2003
    5,082
    Nashville and Palm b
    Full Name:
    robert s biscan
    It doesn't hurt to try. I don't know your dealer area but I would say in general the cars are sold for a year or more. The coupe would be easier to get.
     
  3. ylshih

    ylshih Shogun Assassin
    Honorary Owner

    Mar 21, 2004
    20,413
    Northern CA
    Full Name:
    Yin
    Yes, that's the conventional wisdom. All cars in California are spoken for with more people on the waiting list than there are allocations. People are lined up for the successor already too.
     
  4. ferraridude615

    ferraridude615 F1 Veteran

    May 4, 2006
    5,836
    Texas
    The waiting list is probably 2 years by now. Many people were still on the waiting list for 360's when they stopped making them.
     
  5. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    eightball says...not a chance. in fact, i bet alot of the people on the list now never get one.
     
  6. leead1

    leead1 F1 Rookie

    Nov 29, 2006
    2,828
    Florida
    Full Name:
    Lee
    I tried to do that to buy a new 360 and later a F430. The dealer told me the good news is it will take 3-5 years. The bad news i will never get a new car at MSRP without buying 3 used or flipper cars from the dealership. I said BS to my self and called 6 other dealers and got the same story. I think you only get on a list to get on a list to buy a car maybe! They knew I could buy it because they have seen my other cars. It did not matter.

    I bought my 2003 360 unmolested car from a Bently Long Island New York. The 360 was 1 year old when I bought it! I ordered and tried to get a F430 from my dealership. i was given options to buy flipper cars at $150k rolling down to $60k over list as time rolled on and F430's became more available. I would not pay that much over list but i wanted the car. Most of the time the car was sold that day at the price asked. This was all done before I got a chance to get to the dealership that day or the next morning.

    I decided to wait and buy something else I tried over two years to get a F430 at a reasonalbe price. I looked at a freinds Enzo that was at the dealership. He had given me a good starting price. The dealer offered me a Flipper F430 with only 970 miles for $15k over list. I bought it, wrote a check, and took it home that night. I also got on the list to buy a 599 coming in Feb of 2008. I am not sure if that will ever happen.

    I guess that is the way Ferrari markets their cars. This maybe be only my bad skills at buying Ferrari's but who knows. I find it interesting I had a dealers call me and try to sell me a Porsche GT at $454k, a MB McClaren SLR at a high price. etc yet ferrari doesn't care or seem to. My dealer had had his new car alocation cut in half for 2007. He only gets 22 cars of all types versus the past normal of 45. Lambo's you look at it, order it, or pick from stock it is not a problem.

    The sad part although I like my F430 F1, my favorite car is my 2005 Ford GT. Some of my other cars are quicker or drive better than the Ferrari but none of them are Ferrari's

    Good luck,

    Lee
     
  7. 410SA

    410SA F1 Veteran

    Nov 2, 2003
    8,511
    West Coast
    Full Name:
    A
    If you believe you can go into an authorized Ferrari dealership and order a new 430, as your first purchase from the dealer, you will be sadly disappointed. There is no way on this planet that the scenario you outlined is even remotely probable. What may happen, depending on how unscrupulous your dealer is, is that he may induce you to give him a $5,000 deposit on the the order and then string you along for ever.
    US version 430's will cease production by June of 2008, due to an agreement between Ferrari and the Federal D.O.T. regarding the lack of up to date and conforming airbags in the 430. The replacement car will probably begin to be shipped to US dealers sometime during the first half of 2009, and that list is already well over subscribed for the first year's production.
    Production of US version 430's has already been somewhat lessened due to Ferrari opening new markets in China, India and Russia, where regulations are less stringent and profits are higher, and the people who have been on 430 lists for several years already, both for spyders and coupes, are certainly not assured of getting a car.
    If you really want a Ferrari 430 I'd suggest you buy a low mileage one from a dealer, pay the premium and begin the process of building a long term relationship that will eventually put you closer to the front of the line when it comes to new Ferraris in the future.
     
  8. bloke

    bloke Rookie

    Jan 10, 2004
    12
    This is starting to be a sad situation. I live in a area where the current list for the 599 is 50 deep. I guess, if I want a 430. Time to look for flippers as for building a relationship with this dealer. I dont think it is worth the time. They are nice guys but I am sure they have a ton of existing relationships. But, thanks for all the comments.
     
  9. Testacojones

    Testacojones F1 Veteran

    Nov 3, 2003
    5,198
    Florida
    Full Name:
    Luix Lecusay

    Only $15,000 over sticker for a 970 mile F430? I think you made an error there, maybe 35k or 45k was the real number, no?
     
  10. Joe Mac

    Joe Mac Formula 3



    Most likely, your dealer will tell you they can't put your name on a 430 list because their allocations through the end of run (2009?) are already spoken for. My dealer (Algar in PA) has recently said this when I asked about trading in my 360 Spider for a spot on the "list"
     
  11. John Dowling

    John Dowling Formula Junior

    Oct 1, 2006
    596
    Richmond, VA
    Full Name:
    John Dowling
    My feeling is one way or another you are going to pay. Either by buying flipper cars or paying a premium from a dealer or private party. I bought an '04 F360 with 1,000 miles and 1 year old to get on a dealers F430 wait list. I doubt they will ever make good on it. They told me if I buy multiple cars (they are also a Maserati and Porsche dealership) they could "move me up the list" and that "it would help my cause" (wink, nod).

    I decided that I am going to get the car I want, when I want it and not play the dealer/list game. It makes me come away feeling too slimey. I think I will feel less bent over the barrel just paying $30K over sticker at the time I want a 430, than kissing some salesguy's a$$, who is probably making $60K a year and living with his parents.
     
  12. 410SA

    410SA F1 Veteran

    Nov 2, 2003
    8,511
    West Coast
    Full Name:
    A
    Free markets are wonderful and efficient mechanisms and once a Ferrari finds its way into circulation it becomes a commodity. Everything that I am hearing lately is that Ferrari are committed to the idea of allowing market forces to dictate prices at the dealer level. There are obviously obligations at the dealer level, where dealers have accepted deposits for cars to be delivered at MSRP at some time in the future, but most of the Ferrari dealers have stopped taking deposits for new cars. Once their backlog clears cars will sell at the market price and it will have the effect of weeding out a substantial portion of the market. No-one will feel slimy or used or a second class citizen. If you want a car you will buy it at the market. If more buyers exist than there are cars to be sold, prices will rise to the point that supply equals demand, and obviously the same economic rules apply for an excess of cars.
     
  13. krC2S

    krC2S Karting

    Dec 7, 2006
    133
    boston, MA
    I think at this point where the mark up is much less you are financially better off to just get a used car from a dealer or maybe private seller and you get the car right away unless you are looking for an unusual color/option combo

    unlike the the initial craze of larger markups which evaporated later you will not lose that much when you sell if you dig for a good deal and 05 f1 430 with less than 3k miles can be found for 20-30k easily and a 6-spd for less
     
  14. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    i will never understand people's reaction to "paying over". msrp is just some figure that obviously doesn't reflect real world demand with respect to the 430. so folks are ok, for example, getting a carrera gt or any porsche for a "discount" only to have their ass handed to them a year later?? let's see, $450k CGT, dealer will knock $30k off, whoohoo. car is worth $320k right now.

    paying a reasonable/market amount "over" for a f430 will still leave you ahead of the game than getting a discount on almost any other car.

    would folks feel better if MSRP on a 430 coupe was $400k and the dealer discounted them $150k??

    :) :)
     
  15. John Dowling

    John Dowling Formula Junior

    Oct 1, 2006
    596
    Richmond, VA
    Full Name:
    John Dowling
    All good points. Perception is everything!
     
  16. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    LOL, so true!!
     
  17. Tarek K.

    Tarek K. F1 World Champ
    Rossa Subscribed

    Sep 7, 2006
    10,798
    Cairo - Egypt
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    Tarek K.
    Only applicable to the US. Not the case in our markets and also Europe isn't that bad. I bought two F430s at MSRP from authorized Ferrari dealerships in a span of one year. Each ordered about 5 months prior to delivery.
     
  18. John Dowling

    John Dowling Formula Junior

    Oct 1, 2006
    596
    Richmond, VA
    Full Name:
    John Dowling
    I think this waiting list BS is unique to the US.

    I am going to Italy for a factory tour later in Feb. I hear next door to the factory is the world's largest Ferrari dealer in Modena. From what I hear, they have "dealer stock" where you can go car shopping on a Saturday afternoon and look at 8 or 10 models, pick one out and drive it home that day... just like at the Honda dealer.

    We'll see...
     
  19. nberry

    nberry Formula Junior

    Nov 1, 2003
    714
    I would be surprised if Ferrari abandoned its customer base and allowed market price as a pricing strategy. By doing so, they in effect are telling their long time customers we no longer value you or your loyalty and will sell to the highest bidder. It would destroy the brand image.:(
     
  20. Tarek K.

    Tarek K. F1 World Champ
    Rossa Subscribed

    Sep 7, 2006
    10,798
    Cairo - Egypt
    Full Name:
    Tarek K.
    With our authorized Ferrari dealers it's "first come, first serve" regardless if you have been a Ferrari customer for the last ten years or it's your first F-car.
     
  21. LittleBro

    LittleBro Formula 3

    Jul 7, 2004
    1,790
    Herts, UK
    Full Name:
    Woody
    I think its daylight robbery that a dealer can hold you to randsome like that "buy some more of our cars, or you dont have a hope of getting a new one". What a joke.

    If there are that many buyers, bump the price up. End of. If Russia/China is so profitable, surely they could do the same in the US just by raising the price of a new car, thus reducing the demand?

    Ferrari are missing a golden opportunity.
     
  22. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,294
    Colorado
    Full Name:
    Dave
    Although I am one of the fortunate ones that got a 430 at MSRP, I think market pricing is the way it should be. That way the market eliminates flippers and I believe if only enthusiasts buy the cars that market prices would quickly decline to about MSRP and dealers might even have an example or two in stock. I kept my 430, but would I have bought it if I had to pay market? I really don't know. I probably would have waited to see if prices got close to MSRP.

    Dave

    Dave
     
  23. Testacojones

    Testacojones F1 Veteran

    Nov 3, 2003
    5,198
    Florida
    Full Name:
    Luix Lecusay
    Paying over msrp or buying two or even one used Ferrari to get into the list for a shot at a msrp new car, (think it over) this almost equals the same amount of money invested or lost to get into the new car. In my case I lost $14k, $35k, $10k, $16k, $25k, plus the money to keep them service which amounts to over $50k after this I got my F430. Stop thinking this over, it really is silly as the math can't be ignored, just pay over msrp and get it now better than later.
     
  24. Nielsq

    Nielsq Karting

    Dec 23, 2006
    245
    NY Metro Area
    Full Name:
    Nielsq
    I don't mean to be dismissive,but without being a previous buyer at this dealership, you'll never get a new 430,as you envision. They'll take a deposit but you will wait years.
    Buy a used 430 or 360 instead and enjoy.

    Nielsq
    NY
     
  25. mwhitesell

    mwhitesell Formula 3

    Sep 17, 2006
    1,083
    Atlanta
    Full Name:
    Mark
    This is the same concept as a nightclub. People always want to go to the club with the line out front, even if the club is empty. It’s all perceived desire, and I think the marketing concept works great for Ferrari.
    I think you should take a different route and buy a 355. They are fun cars that are readily available without as much hassle and worry for a third the price.


    Mark
     

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