End of the month is near!!!, And these cars need to find new Homes!!

The prices may have to come down now as I sense the market is softening for cars of this type. Perhaps people are realizing that they can do so many other things with all that money. Maybe its the economy or maybe its just the cars. I noticed that M.I. has had 2 Diablo SV's for so long they finally lowered the asking prices by $10K and they were still for sale as of a few days ago. Just an observation from someone who already "gave" at the offiice with 7 cars of my own.

 

Why not just post the prices here Chris?? Might help find a buyer!

 

Nice salesman reply

 

Each car stands on its own value...posting prices WILL not effect the market...IT WILL allow a potential buyer to decide if he/she is even in the ball park for the car...

 

Thanks for posting the prices. Roy is right. Helps a buyer decide if he can even get into the game. BTW, what is the mileage on the cars? I note that you did not post that info on your web site.

 

Thanks Chris. You do a great job with the pictures you present for these cars. Helps a buyer get a good feel for the cars cosmeticly at least.

 

Who did the clutch service on the 6.0?

 

Dear Ferraristi / Lamborghinisti,

I kinda disagree with that. I've been searching for a Diablo since last year to buy for my 40th birthday this July. I have seen all the Diablo prices rising sharply. Roadsters have all shot up above $ 200k ( Autotrader, Dupont )

I haven't seen the mythical 89k early diablo for quite a while now. I think with the sucess of the G and Murci, the diablo is now the "classic- Italian " Lamborghini. ( you know....the ones with Italian engineering)

" sometimes ita gonna work....some a times maybe a no....but she always gonna look a Good ! "

Shamile

Freeze...Miami Vice !

 

Shamile: Dealers/Sellers can set what ever prices they want. However it is the ACTUAL selling price that is the key indicator. Do not be fooled by Dealer asking prices. Buyers set the market, not the dealers.

 

Can't agree more. Speaking from other side of the pond. Now if only I stay in the states....

 

I do not know what kind of a "database" you have access to and a reader here could take the postion that your comments are self serving and not to be taken as Gospil. Also your remarks can be somewhat misleading. Example, just recently a Diablo which has been advertized be a well known seller, had the asking price reduced almost 5% after being on the market for a long time with no action. Now if this car actually sells for within 1.5% of that reduced price your premise would be partly correct but it would ignore the fact that the asking price had been reduced recently by 5%.
Buyers set the market and always will. Hopefully educated buyers will do their homework and resist the urge to pay what the dealer wants and not what they the buyers feel the car is worth. Or just look elsewhere. Each time a car gets sold at a higher price the next seller want to get his money back and maybe make a few bucks so he sets his price higher than the price he paid and the next buyer/seller goes through the same process. So the price keeps getting pushed up but at some point that pyramid reaches the top and guess what, there are no more buyers at those price levels and the Pyramid collapses. Kinda like the old Ponzi/Pyramid scheme. No one wants to be the last one in!
Many of us who already own Lambo's, and I own 2, want to see their cars appreciate but, at some point when they become buyers again they probably won't like the price.
Selling cars is a tough game, especially Exotics, for both buyer and seller.
Buyers really need to do their "Due Dillegence" if they want to have a satisfactory result. These cars get have an emotional effect on buyers, especially first time buyers, and cause them to do things that maye bring on "buyers remorse" later. Kinda like with women but, then that is another story.

 

100% correct.

Nice thoughtful write-up by the way. And Chris at Premier tries very hard to serve the needs of those in the market for the type of cars he specializes in.

Joe
www.joesackey.com

 

I find your response quite interesting Chris. Its a tough buisiness to be in I am sure. I still think the days are numbered for the $225K Diablo Roadsters and $205K 6.0. I own some of these cars and I can honestly say that my $160K Ford GT is a much better driver than my Diablo in every way. Faster, more power, especially torque, more excitement. The Diablo's is visually stunning compared to the GT but, then again, beauty is in the eyes of the beholder. I still love the Diablo but as a driver it pales in comparison to the Ford GT. Of course this in my opinion and I am sure others will feel different. If I had to get rid of one it would be the Diablo but I would not be happy. I like having both. I am sure that there are still many potential buyers who will be caught up in the allure of the Diablo and pay more than maybe they should, but one thing for sure, as prices go higher the amount of potential buyers who can get into the game start to dwindle. That Pyramid gets very narrow at the top. This alone may limit the price escalation that has been taking place. Now I am only talking Diablo as the very limited and exclusive Miura is in a class known as "how much do you like it"? Some Countashs' are in that league. Now should I relate my sad story about how I let my 67 Ferrari GTB/4 go too cheap? Naw, can't take the pain.

 

BTW, just to clarify, that was a 1967 ferrari 275GTB4 with only 3000 miles on it. Do you remember back in the 80's when the exotic market was going crazy and so where the prices? Some of the GTB 4 cam cars hit almost one Million Bucks!! I remember guys buying an Anniversary Countach, brand new with the Stickers on the window and plastic on the sheets, putting the car on a trailer and taking them home or to a wharehouse and putting it immediatley back on the market for another 20% and getting it. I once traced the last 4 sales on a Anniversary car and they were all bought by guys with Dealer Licenses who would simply flip it and make some quick cash. Not one buyer drove the car. Now that was a time that I don't think we will see again in my life time. Then again I'm so old I don't even buy green bananas' any more!

 

Joe: Do you remember what the US sticker price was for a new 89 Anniversary car? I seem to remember $149K??