Do Drive Them...

That's just insane.

I have 19,000 miles on my F430 and I'll be selling for what, $15,000 or a little more when comparing it to a garage queen? I think once more I have done my car experience right.

 

I have seen the same thing in the gun world:

At the Range:

A: "Wow, that's for sure a nice pistol !
How well does it shoot?

B: Never fired it.

A: Why not ?

B: Once it's fired, it loses value

A: How Much?

B: Almost $100 !

So, for $100, you don's get the pleasure
of the "new toy."

Remember what Jim says about girl friends.....

 

150K over: now that's crazy in itself!!

 

I find it funny that people complain about the drop in Scud prices when these same owners bought them, drove them 1000 miles, and dumped them back on the market 2 years later.

Just whose fault is that?

 

People who operate this way deserve to have cars that cost $263 pre mile.....

Heck, you could run a NASCAR team for less than that per mile.

 

I guess you could argue its art... ;-)

 

That nothing,lol My 07 599 MSRPd for 338K and the original owner paid 556K!!!!! I bought it with 1,389 miles...

 

Boy, this makes me look like an idiot. I remember saying in another place far far away that 599s would not drop below $300k. Of course, that was before the Great Depression II.

Still, a 40% haircut in 3 years on what is arguably one of the best super cars in the world, wow!

Jim, I wonder how much of this drop is due to changing demand? For example, I was told over the weekend that the California is Ferrari's best seller. In fact, there is some suspicion that it may stay number one even after the F458 hits the ground. (BTW, the Panamera is Porsche's best seller.)

To me, the F458 is Ferrari's intrepation of the modern sports car. If its twin-clutch shifter is half as good as Porsche's PDK, this car will be a rock 'n' roll animal.

The California, on the other hand, is a luxury sports car, and I don't mean this in a negative way. After checking out one this weekend for the first time, I like it. But, using motorcycle lingo, it is a crusier, not a sport bike.

What I'm wondering is whether the F599 is the right car, but the wrong time. The market appears to more interested in a fun car than one of the highest performing sports cars ever made.

If so, Ferrari better be thinking of dailing back the numbers for the Enzo replacement.

Thoughts?

Dale

PS I also saw a F458 for the first time. I assume Ferrari is sending you some royalty checks.

 

I hope the values keep dropping like rocks. In 15 years I'll be able to get a scud, 458 and 599 for less than 500k .

EDIT: Wouldn't he of only been paying about 150/mile (300k/1900 as opposed to 500k/1900)? Either way it's ludacris but for 263/mile I'd get flown around in a private helicopter.

 

Good point

 

very

 

What's sadder is that someone will pay over $200K for it, feel obligated keep the mileage low for another 5 years on an absolute non-collectible, get bored of the car and be lucky to get $120K for it.

 

Don't pay over MSRP!! The only thing that proves is... well lets just say it's not good...

 

Unfortunately, I find that the more people "claim" that they drive them, the more I find out that they don't. A few have come on the market (and I've been watching you guys), with mileage that's super low for a car that they supposedly "drive". Unless they bought the car with almost zero miles, SOME of you guys have not been driving them!

This doesn't apply to the OP, whom I know drive his cars. But then again, he's got quite a few of them.

Personally, I drive mine, but it only comes out on nice days and when I have time. That's not very often, unfortunately.

Ace

 

Reminds me of a story about a low mileage 300SL.

Original owner passed away and left it to his siblings. The sibs let it fester outside for a bit then evetually sent it to a mechanic to make it driveable. Once roadworthy it has accumulated 1 mile on the odometer since then.

Sad

 

I just calculated that if I threw away my 430, which I bought new in 2005, I'd be out 9.73 per mile (depreciation only). It would be roughly 4. a mile if I sold it now. Can't blame me! I think I'll keep it.

I don't have much sympathy for owners such as Jim's example. They either knew what they were in for and did it anyway or they were dumb.

Dave

 

Not so fast. Or, actually, so fast! Check this out:

A plain jain 599 is 3 seconds faster than the F40. The 599 GTO is 6 seconds faster!

How much do F40s trade for now-a-days?

Dale

 

It will be interesting to see how the 458 sells after the first blush is off the rose. Let's say, pulling a number out of the hat, your 2005 car is worth $125K. I wonder how much people will be willing to pay double that for a new 458, which is only 2 seconds faster at Fiorano?

Granted, the 458 is sex on wheels. But your 430 is not exactly wearing a chasity belt, is it?

Dale

 

Anyone who would pay $200k over for a 599 is showing with their purchase that a couple hundred grand here or there is meaningless to them.

They got what they wanted and did with it what they wanted. Then someone gets a great deal on it used.

Seems like a win/win to me.

 

An F40 is miles faster than a 250GTO ... but we all know which is now way more expensive. Thus the value of a car has nothing to do with lap times unless you are talking current race cars, which we are not.

And yes I'd much rather have a F40 than a F599. The F40 made a mark, the F599 was just made.
Pete

 

Thats the part of the equation no one ever gets.


Few new owners buy these cars so they can go wear them out.


They buy them for their reasons, not ours.

 

Seeing how the market is never wrong, people who actually buy these cars agree with you.

My point in posting the lap times is to point out how the 599 performs versus contemporary super cars, including the Enzo, F50, and F40. Ferraris have always been about performance, not luxury. I'm not sure that this will be true in the future.

My second point is at $200,000, a 599 is the deal of the century. While you're spanking your monkey in a F40, I'll be one long gone Texan in a 599. (That is, when I get around to buying one, which may be a while yet. )

Dale