CS Market Super Tight?

All these factors are true. I really doubt the new one will be as pure as the Stradale.

 

Well I think there is a rather easy answer to this.

It is simply the ultimate driver's car. I've only had the opportunity to sit shot gun in one and that alone has made any of the cars I drive feel dull and boring.

The 430 isn't the same beast that the CS is, leading CS owners to keep their cars instead of selling for a 430.

When (and if) the 430LP is confirmed to come to the states, expect to see quite a few for sale.

 

Ignoring (for a very brief moment) monetary value, there are very, very few modern road cars for which I would trade my CS; F40, F50, but not an Enzo.

Challenge Stradales traded hands quite a bit in the first few years because some of the original buyers disliked the ride and noise. Most had no idea what they were getting when their dealers offer them a place on the list and about 80% thought the stripe was "too racy" looking. The cars are now held by enthusiasts who really love the CS.....OK, some of us would like more torque......

If the 430 Scuderia is produced in the spirit of the CS, no doubt there will be a several CS come onto the market. Since I have no hope of making the list and would likely need to write a check for $120-150K plus my CS trade-in, I'll be keeping the CS for a good long while.

 

mine is still for sale. Well taken care of, posted on Ferrariads. 15K service and belts done. New tires, etc also and yes, I drove it and enjoyed EVERY minute of it. I've gotten a few calls and but nobody with a check yet.

http://www.catsexotics.com/used_vehicle_details.htm?vehicleId=6b3fe2954046387401a9ec16afe14581

 

1]the non-red market is much tighter. add'l reasons:

my guess is 40% of non-red strads have been stuffed [at least those for sale]. In my latest search I saw many including
-the black car in costa mesa that has been crashed heavily twice [$40k and $100k damage] and passed off as parking lot damage by seller
-WCH's beautiful TDF which the 2nd owner "modified" off road
-black at Lambo OH reopainted by premier [a good car, but still repainted]

this has shrunk the available undamaged car supply.

2] The strad is one of the greatest cars ever if you like sporting models near 3000# in weight, and some of us are realising faster is not really better since you can only go so fast on modern USA roads anyway, so why not go stylin'.

3] 3-5k perfect cars are still in demand, altho' some realise miles are better for the car. my first argento is a good solid uncrashed but used strad with 17k on it at LFSC. this is a good starter strad., I tried to buy it back but 165 is too much for me. good low milers reach 200, without strange interior colours.

 

Here is one,drove it ,better then sex....

http://lfsc.com/dynamic/index.php?option=com_adsmanager&page=show_ad&adid=6&catid=1&Itemid=0

 

What defines "stuffed?" I'm sure that MANY CS's have needed repair to front bumpers due to low clearance issues or a run-in with a parking curb.. Where do we draw the line? Parts replacement? Simple repaint of prone areas? (front bumper, wheel arches due to sticky tires and gavel)

S

 

if we see the 430 scuderia (or whatever) with MSRP of $250K (or more) plus market price markup ($50K or even $100K) then a $200K stradale is going to look very reasonable. even if it had some minor damage/repaint. shops such as david freed at premier do beautiful work so it's really not an issue to me.

 

I don't understand why everyone always assumes that new models will make the older models suddenly plentiful. Everyone assumed the 360 market would dramatically soften once the 430 rolled out. As far as I can tell the 430 hasn't affected the 360 market at all! Different buyers when you're talking about cars that are $100,000 apart in price.

Rick is dead on. IF a 430 Light Pista/Scuderia (or whatever it is going to be called) does make it to our shores - it's going to be a $325,000+ car with all the premiums (markup, etc.). With Stradales in the $185,000 +/- range there is a HUGE gap in pricing. Stradale owners aren't going to all of a sudden put their cars up for sale in order to get a 430LP. Again, different buyers when you're talking about $100,000+ difference in price.

 

Of course, the market gets super tight just as I am about ready to trade in the 360 for a CS. Oh well.

I used to see quite a few for sale but now, almost nothing. If I had leased my 360, I might have already moved up to a CS by now but losing out on 11k in sales tax after just one year of having the 360 just didn't make sense me.

 

there's a red one in autoweek this week 11k mi, 185

 

i think the answer is obvious. stuffed=wrecked, serious repair. a story repaired and painted by Dave is still a story but one some of us would consider buying if the price was right. in the case of the black car he painted for lambo OH, 3k miles, 2 trashed wheels, damaged rear bumper, R rocker and road rash, he painted the entire thing for 40k. even tho' the damage was not too bad, without seeing the car beforehand i would not have considered it anywhere but Dave's. but 190 was too high down from their 210 ask!!!!

the biggest price you pay on a story comes when you try to sell it.

 

this car is a good deal now at $190K, and it will be a really good deal as soon as the 430 scuderia hits the market at a guestimated $300 to $350K. the guy might even get $210K if he hangs on to it for another 12 months.

i won't be surprised if the market price for stradales creeps back up to the $200K level.

 

same story in the uk, prices seem to have risen in the last 12 months by around £10k, ($19k) there was a period when they were starting to drop out of manufacturers warranty where people got a little nervous (brake worries??) but that seems to have faded and prices continue to rise at the moment. I feel the 430LP WONT be as raw and exciting and will be very expensive which will help to bolster the exclusivety and values of the CS, which is, and will probably always be, one of the greatest road cars ever built by Ferrari.

I'm off around Europe and down to Monaco with 12 Ferraris, and 3 other Strads on Sunday, to find out how great the car really is on some of the best driving roads in the world

 

The market has been "tight" for two years with fairly priced cars selling within days. If you wait for great cars to appear in FML, Autoweek, etc. they are often gone when you call. Scottsdale Ferrari has sold 6-8 used Challenge Stradale in the last two years with most being pre-sold when they arrived. I do remember two very low mileage (<1,000 miles) CS at the dealership which took a few days to move due to the premium they were asking. Sort of like a solid F40, he who hesitates is lost.........speaking from personal experience on that one.....

 

How much did they give you on trade-in?

 

Rick,

earlier in the thread I confirmed current prices are 200+ right now, for cars with warranty left, low mile, best colours.

eg.: for quality colours like Nero/red/blk and Argento/stripe/blk leather 3-5k miles. [reds same mileage 5-10 cheaper, but i didnt put any energy into negotiating deals on red.]

lower mile:

- i know of a Ti/blk leath 2800 mile sold for 215
- red 1200 mile, ask will be 220

As for the premier repaint,

i didnt go for it, as say 1/2 the audience will not buy a repaint, even done by Dave. to me it is not worth only $10 k less than a perfect car, more like 20k less. the other 1/2 would promote the car pointing out a premier paint job is BETTER than factory, which is true, so take your pick. also i could have had Dave add a stripe before he clear coated... which adds more spice to the story since there was no factory stripe on that car... i'm glad i didnt do that as i go back and forth on whether i like a stripe on Nero

 

+1

 

i sold it to a guy in Chicago who drove it home from Malibu [right on!], and took it to 17k miles when he traded it to LFSC for 150, and got a CGT.

Neither of us had any issues with the car in 17k miles. Strads are bulletproof.

 

Hey Jeffrey, I agree completely. I think the only time a new model guts the old model pricing is if the old model was deemed a lesser choice. For many the 360 styling is much prefered and although the 430 may be a better car, it is not worth a significant price increase to these buyers. Of course there are a lot more potential buyers at $200k than $300k.
I think it also remains questionable as to whether the new model will remain as raw as the "old " one.
I think prices for the 360 cs will rise regardless of the new model unless they bring it in at $200k!

 

I really don't understand this infatuation with low mileage cars. When I was shopping, 2 cars with PPI with under 3000 miles showed up with a ton of issues just because it was not driven. If a car is in excellent condition but has mileage, I personally would take the higher mileage car over the one with less mileage if price is only a couple grand difference which I did when I got mine.. Thanks big Mike aka $$$=Speed.

 

I am so glad this thread was started. About 6 months ago I made a post in a thread that said "CS will more than likely start to come up a bit." I got blasted as being "an owner who is pumping up the market." Well, now we see how it really is. I too have been watching the market for 2 years now. I bought my first CS in Feb 06. I love it more than any car I have owned.
I have considered selling my CS for only one reason, not going to be home very much for the next 2 years. Every time I consider selling I get that bad feeling, like you know it would be a mistake. There is nothing on the market (175K-250K) to replace the CS and who knows how much a great CS may be worth in 3-5 years.

 

John,

you should buy a euro in Italy and drive it there, a better car anyway! ps i'll send you some photos soon. your car is gorgeous!!!!!

 

I'm all about driving my cars however, low mileage does not necessarily mean trouble. I've purchased several low mileage F-cars with no real issues. Once you have the blessing from your F-tech, typically, a good car is a good car.