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$$ deduction for 348 higher miles?

Discussion in '348/355' started by Husker, May 18, 2006.

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  1. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    #1 Husker, May 18, 2006
    All other things being equal (condition, 30K service, etc.), how much price difference should there be between a 40K miles 348 and a 20K miles 348? And what about the difference in a 20K miles car and a 10K miles car? Would it be fair to say that there is a $5K discount per 10,000 miles? More? Less?

    In other words, all things being equal...

    10K miles - $55K
    20K miles - $50K
    30K miles - $45K
    40K miles - $40K

    ????

    I'm not talking about anomalies where some guy somewhere paid $60K for a 40K miles 348, but rather the market norm.

    Opinions would be appreciated.
     
  2. Ricambi America

    Ricambi America F1 World Champ
    Sponsor Owner

    Dec 7, 2003
    16,443
    Winston Salem, NC
    #2 Ricambi America, May 18, 2006
    What a shame. The curve should be the other direction. More miles = more "sorted out" car.

    Sadly, the 'plastic bubble' preservation and market values crowd doesn't agree with me.
     
  3. Kevallino

    Kevallino Formula 3

    Feb 10, 2004
    2,257
    Mid-Ohio
    Full Name:
    Kevin
    #3 Kevallino, May 18, 2006
    Indeed - I have passed 45,000 miles on mine so as I've posted elsewhere I am probably best off to just drive it to 100,000 miles and then part it out....

    I guess the numbers above are probably right-ish although it's gotta level out somewhere - would think spiders wouldn't dip to $40 grand but I would say that.

    Cheers
    Kevin
     
  4. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
    13,259
    #4 VTChris, May 18, 2006
    Color should be factored in there somewhere too.
    a 20k car in red and a 20k car yellow, white or blue are priced pretty different.


    Also factor in interior wear.
     
  5. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    #5 Husker, May 18, 2006
    Again...all other things (color, condition, 30K service, etc.) being EQUAL.
     
  6. BT

    BT F1 World Champ
    Lifetime Rossa

    Mar 21, 2005
    15,291
    FL / GA
    Full Name:
    Bill Tracy
    #6 BT, May 18, 2006
    I think 50 cents per mile is a little steep for a 348. It should be more like 30 cents per mile in my mind. I would pay a $3k premium for a 10k car over a 20k car. I think the total value of the car limits the amount of depreciation per mile. 50 cents per mile is more like 355 depreciation, and 360's can be up to about $2 per mile.
    BT
     
  7. spider348

    spider348 Formula 3

    Nov 3, 2003
    1,273
    MA
    Full Name:
    John
    #7 spider348, May 18, 2006
    Kevallino, I just passed the "magic" 50k mark in my 348 spider. At this rate I will have to pay someone to take the car!
     
  8. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,294
    Colorado
    Full Name:
    Dave
    #8 hardtop, May 18, 2006
    Regarless of model, miles are worth more at the beginning. You will lose a lot more going from 10K miles to 20K than from 30K to 40K.

    Dave
     
  9. cig1

    cig1 F1 Rookie

    May 3, 2005
    2,914
    In front of you
    #9 cig1, May 18, 2006
    What about tracked cars?
     
  10. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,593
    Gates Mills, Ohio
    Full Name:
    Jon
    #10 Bullfighter, May 18, 2006
    I believe the rare blue ones never dip.
     
  11. BT

    BT F1 World Champ
    Lifetime Rossa

    Mar 21, 2005
    15,291
    FL / GA
    Full Name:
    Bill Tracy
    #11 BT, May 18, 2006
    I would severely discount a car with even 10k track miles ;)
    But seriously if the car has been on the track and shows it, I would stay away. A well kept occasional track car does not bother me, but I don't really know what I'm talking about as far as expected problems with a tracked car.
    BT
     
  12. RobS

    RobS Formula Junior

    Feb 18, 2004
    281
    Canada
    Full Name:
    Rob S.
    #12 RobS, May 18, 2006
    The most important thing I read is the 30k service or 5 years.
    As long as that is done, there is no need to worry.
    Just drive them and stop worrying about small things that can go wrong.
     
  13. Kevallino

    Kevallino Formula 3

    Feb 10, 2004
    2,257
    Mid-Ohio
    Full Name:
    Kevin
    #13 Kevallino, May 18, 2006
    Awesome, lemme go find my $120,000 window sticker then.... :)

    Cheers
    Kevin
     
  14. MDshore348

    MDshore348 Formula 3

    Dec 24, 2004
    2,460
    Maryland
    Full Name:
    Darron
    #14 MDshore348, May 18, 2006
    i would say the most premium car would be any car under 20 k with a fresh major service and great leakdown test result.
     
  15. brent Lachelt

    brent Lachelt Formula 3

    Dec 6, 2003
    1,831
    Brownsburg, INDIANA
    Full Name:
    Brent R.Lachelt
    #15 brent Lachelt, May 18, 2006

    Oh man, I just hit 20,000 miles last week, nuts!!
     

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