current market price - 98 F1 355 Spider | FerrariChat

current market price - 98 F1 355 Spider

Discussion in 'Australia' started by mtrain, Apr 13, 2007.

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  1. mtrain

    mtrain Rookie

    Nov 1, 2006
    21
    g'day all,

    I'm a bit confused;

    The current red book for a 98 F1 355 Spider, with average mileage of around 35k km, and in above average condition is showing as around AUD$230k.

    However, from what I can see on drive.com.au, and websites like it, there are low mileage examples of the same car at around AUD$180k (asking).

    As your "best guess", what do you think the current, market price (say, private sale) for one of these cars is?

    Many thanks,

    mm
     
  2. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    355s are only a couple years from being lumped in with 348s. depending on how much you want it and the condition of the car, i'd say anything between $140-180k is fair.
     
  3. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    what's $40k between friends, hey? :)
     
  4. ferrarifixer

    ferrarifixer F1 Veteran
    BANNED

    Jul 22, 2003
    8,520
    Melbourne
    Full Name:
    Phil Hughes
    the buying and selling price is of lower priority than condition and history.
     
  5. ap355

    ap355 Formula Junior

    Mar 18, 2006
    594


    red book value for a 2000 360 is lower than 230k
     
  6. Looney

    Looney F1 Rookie

    Jul 1, 2004
    2,767
    Gold Coast
    Full Name:
    BB

    be carefull, people may start abusing you for saying that, i said $130k for a F355 and got lynched by some people.
     
  7. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    yeah...and i said $45k or something for an elise and got that too.
     
  8. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    heh i was just gonna say anything between $20k and 400k should be reasonable but thought i'd narrow it down a bit. :p
     
  9. Looney

    Looney F1 Rookie

    Jul 1, 2004
    2,767
    Gold Coast
    Full Name:
    BB

    nah just leave it at that and leave em guessing :)
     
  10. mtrain

    mtrain Rookie

    Nov 1, 2006
    21
    I was looking up the price on drive.com.au and it seems it was a bit off...

    Reference to the proper Red Book Asia-Pacific website shows:

    Prices based on km 90,000 - 160,000
    Trade in price guide* $138,800 - $152,900
    National average price - private sale* $157,100 - $180,200
    Price when new (RRP) $338,054

    This is probably based on a straight-line depreciation model and doesnt account for condition in the way we would look for it, and most of the 355s have nowhere near this mileage.

    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR98AK

    Thanks for the help.
     
  11. 360C

    360C F1 World Champ
    Lifetime Rossa Owner

    Gotta love those depreciating assets.
     
  12. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    wow, only $340k. for some reason i thought they were sold for more (this was before my time).

    redbook time... :rolleyes:

    1995 F355B - $275k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR95AC

    1995 Diablo - $504k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=LAMB95AB

    1995 F512M - $472k
    http://www.redbookasiapacific.com/au/vehicle/prices.php?key=FERR95AJ
     
  13. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    you can tell MPMP's back when quote's are being screwed up :p
     

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