Current 16M market | FerrariChat

Current 16M market

Discussion in '360/430' started by stan996turbo, May 12, 2022.

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  1. stan996turbo

    stan996turbo Formula Junior

    Jun 11, 2004
    711
    Philadelphia
    Full Name:
    Stan
    I’m thinking about trading my 430 spider for a similar spec 16M. Does anyone have a feel for the current market value for an under 10K mile 16m. I’ve watched the 16m prices for years and it’s very hard to track the real transaction prices because many sellers put overly optimistic asking prices on cars that sit for months.
     
  2. plastique999

    plastique999 F1 Veteran
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    Nov 9, 2008
    8,841
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    Edward
    Previous owner here, epic car.
    Very difficult to track the market on 16M’s. I sold mine 2 years ago with 19k miles around $220k. But these are very mileage dependent.


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  3. Mercedes_Benz

    Mercedes_Benz Formula Junior
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    Nov 1, 2003
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    Wow, only 220k? that seems way too low even 2 years ago.
     
  4. plastique999

    plastique999 F1 Veteran
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    Nov 9, 2008
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    I did have “high” mileage in the Ferrari world. That’s a huge stigma (for no reason).


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  5. colorfull

    colorfull Formula 3
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  6. Mercedes_Benz

    Mercedes_Benz Formula Junior
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    Nov 1, 2003
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    Good info. From a low of 230k to 285k.. I still would have expected over 300k for these.
     
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  7. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
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    I agree, I think one of the more undervalued Ferraris right now.
     
  8. Gh21631

    Gh21631 F1 Veteran
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    Feb 24, 2011
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    #8 Gh21631, May 13, 2022
    Last edited: May 13, 2022
    These cars are truly limited and numbered, I believe they will be 2x their current value in the next 3 to 5 years and perhaps 3x in the long term. Only 499 built, convertible, raw, beautiful, NA, and plenty of performance for the road.
     
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  9. Enzo Sebastian

    Enzo Sebastian Formula Junior
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    Aug 2, 2020
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    Laurence Sebastian
    We’re at a crossroad now worldwide.

    It’s 50/50 cars like these keep their value. You’d need a glass sphere to tell what will happen.
     
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  10. colorfull

    colorfull Formula 3
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    I suppose so, but I'd bet on this one.

    Wish I was in @stan996turbo 's shoes....I love my F430 spider immensely, the 16M is probably the only car that would replace it, without moving into F40 territory that is...
     
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  11. colorfull

    colorfull Formula 3
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    Still can't believe that 3600 mile one went for $285k + fees

    Shoulda cashed out some IRA for that one....
     
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  12. stan996turbo

    stan996turbo Formula Junior

    Jun 11, 2004
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  13. Mercedes_Benz

    Mercedes_Benz Formula Junior
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    Nov 1, 2003
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    I disagree that it is 50/50. I can't speak worldwide. But a car like the 16M would only appreciate in my opinion no questions asked. Especially with the way of these new cars now, i.e, turbos,hybrids, electric....
     
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  14. Gh21631

    Gh21631 F1 Veteran
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    Feb 24, 2011
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    You are correct, the 16M is truly a special car but under the radar at the moment. It won't stay that way.
     
  15. ScottS

    ScottS F1 Rookie
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    #15 ScottS, May 14, 2022
    Last edited: May 14, 2022
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    Amazing cars. I personally daily drive to work and errands always taking the long way….

    I think the value is hard to gauge due to limited number of sales. When I was looking and purchased last spring, I could not touch any for less than 335-350. They appeared and disappeared quickly. When I was offered mine when it was not ready for sale, I committed at an agreed price. Picture below say NOT READY FOR SALE. It had done 200 miles in seven years and then sat for two years and my dealer went though and brought it up to spec. I took delivery and badges were still being made by the factory ( had been removed). But now its good serviced, up to spec, 1 of ? Azure California 16M. And driven.

    Compared to others, my son says this one purrs. Fast as hell, with shotgun shifts. I gave up a 430 manual and Euro 360 spider to make room.

    Will they go up in the long run? Probably. How much? Don’t care. Only complaint? Cannot drive it enough.

    Find one and buy it. These are special cars. Life is short

    One more thing. The 430 is nice- this car is a different beast. Nice is not the word. Image Unavailable, Please Login

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  16. colorfull

    colorfull Formula 3
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    Ya know when I was writing everything I was writing, I was thinking of you and yours Scott and was gonna tag you in. Thanks for the excellent pics and post!
     
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  17. Mercedes_Benz

    Mercedes_Benz Formula Junior
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    Wow! nice car! and awesome to hear you daily drive it!
     
  18. ScottS

    ScottS F1 Rookie
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  19. stan996turbo

    stan996turbo Formula Junior

    Jun 11, 2004
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    The 16m I’m thinking about is the black one listed here at Continental Autosports for $339k. What do you think the selling price on this car should be relative to what you paid for your car?
     
  20. kylec

    kylec F1 Rookie
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    Jun 9, 2005
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    It’s a beautiful car, I saw it in the garage when I was dropping my wife off for work last week. Azzuro California is an underrated color, imo.
     
  21. ScottS

    ScottS F1 Rookie
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    Sorry I didn’t respond. Anything in the threes is good.


    With scuds going for threes it seems it will push the 16m up.


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  22. Edward 96GTS

    Edward 96GTS F1 World Champ
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    my friend just bought a rosso dino/ black 16m.
    can extended warranties be purchased thru dealer?
     
  23. RAKLAW

    RAKLAW Formula Junior

    Mar 22, 2009
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    YES..After a compression test
     
  24. ScottS

    ScottS F1 Rookie
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    Didn’t realize you meant the hospital garage. We should connect.
     
  25. njcycleguy

    njcycleguy Formula Junior
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    Dec 27, 2008
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    Great result for us 16M owners. I believe this one had about 13,000 miles as well.

    I have said it for years, 16Ms have been undervalued compared to all other LE cars especially considering production numbers.

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