Enzo prices | FerrariChat

Enzo prices

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by seymour, Oct 30, 2005.

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  1. seymour

    seymour Karting

    May 10, 2005
    69
    I see a lot of Enzos offered now at $979, $975, $990, and these do not have any stories. Just 3,000-5500 miles. The two Enzos with a story that i know of (front end damage and the other engine pulled) were offered at 950 when i last looked. Not sure if they have even sold yet.

    If the F40/F50 is any indication and I am hoping someone has tracked these prices before, when will the prices stabilize? Now, 2-3 years from now? And compared to MSRP, where are the F40/F50 sitting at? The Enzo is still $300k over MSRP, maybe it can still come down another $150-200k?

    I think the car is getting a little out of flavor now that the warranties are expiring and people are waiting for the next supercar to hit the streets. For the Enzo to support $900, the next Ferrari supercar (FXX does not count, in my opinion, it needs to be production number of 350) will have to trade for $1.7-2.0mm and I am not sure that is going to happen.
     
  2. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
    40,647
    California
    Full Name:
    Carbon McCoy
    i can't intelligently speculate on Enzo prices or where they're going, but the ex-Don Wallace car with the front-end damage sold almost immediately... i would say four to six weeks is pretty fast for a car like that...
     
  3. sixcarbs

    sixcarbs F1 World Champ
    Silver Subscribed

    Dec 19, 2004
    10,487
    SF
    I think they will settle in the 800 to 900K range in the next 12-24 months.

    I think a lot of them may have been leased or financed with a balloon. Also, once the Enzo replacement comes out it loses the flavor of the month status.
     
  4. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
    40,647
    California
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    Carbon McCoy
    That will be the real judge of Enzo's price character... Once the replacement gets here, the newest thing, the flavor of the month, that top of the line, elite, status symbol, then we'll see where the Enzo really stands on the market...
     
  5. Malfoy

    Malfoy Formula 3

    Mar 22, 2004
    1,960
    Hampton, VA
    It'll plunge to 50k and BOOM I'll have one. Yea!
     
  6. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
    40,647
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    Carbon McCoy
    LOL, it'd be funny if that happened and all the black ones were still priced at $1.3M...
     
  7. atomstrange

    atomstrange Formula Junior

    Jun 3, 2005
    856
    Lenexa KS
    Full Name:
    Nathan
    Yeah nno, it would be time to break out the SATA guns.
     
  8. BlueBiturbo

    BlueBiturbo F1 Rookie

    May 19, 2004
    3,968
    Jakarta
    Full Name:
    TS
    I don't see the importance of color.
    If I have $950k for an Enzo I would buy any color available then repaint it to my taste (black, azzuro, nurb silver, etc), for maybe $50k?
    The body panel can be easily painted anyway, that's the nice thing about monocoque body with body attached, unlike the usual unibody chassis where you have to dismantle everything if you want to repaint the car down to the engine bay.

    I don't care about originality. It's my own money and my own car.
     
  9. seymour

    seymour Karting

    May 10, 2005
    69
    The F40 and F50 have been holding well, but can we put the Enzo in the same category?

    The Enzo is an incredible car, especially when it was announced in 2002. But now with the F430, is the Enzo still as amazing? I could see many people argue over buying an Enzo v. F430. The 430 is new and under warranty, you can get it in a spyder, it has some similar features, and is 80% of the Enzo for 25-30% of the price. Of course, the 430 does not have the status symbol or the performance, but at this pace, the next Ferrari model will probably exceed the Enzo performance.

    Also, I think "collectors" are looking at F40/F50 and not too much at the Enzo. Maybe this will change in a few years?

    So then if it comes down to the uniqueness of the car and I wonder if the Enzo is truly unique? If you want something "like a F40/F50", too bad. If you want something "like an Enzo", check out Ferrari's current lineup.

    With the Veyron (1000hp), LP650, BMWs with 500hp, Vettes with 500hp, I think Ferrari's next generation of cars (not supercar, just their regular cars) will meet or exceed the Enzo performance. Will the Enzo still retain its prestige and command $800k or a million dollars or will it fade away while the F40/F50 continue to be favored by collectors?
     
  10. modoindustries

    modoindustries Formula Junior
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    Aug 29, 2005
    316
    Bel Air, CA
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    Sami C.
    Thats like comparing the ford GT-40 to the mustang. Its 80% of the GT-40 at 25% the price. But do you really think someone who considers the GT-40 even momentarily considers the mustang?
     
  11. seymour

    seymour Karting

    May 10, 2005
    69
    I get your point, but your analogy is a little flawed. The mustang is 25% of a GT-40 and priced accordingly. The performance might be 60-70% of a GT-40, but since it does not have the exotic appeal or status, the mustang percentage drops considerably. The "wow" factor for a Mustang is ZERO. The "wow" factor for a F430 might be an 8 and an Enzo would be a 10.

    As a 360 owner, I am in the market for another car and I have been looking at buying an Enzo -- I think the car is incredible. I am sure something better will be here in a few years, but until then, it is amazing ... but I am thinking in the back of my head what the long term risk is. If I buy at 950 and in five years it is worth 800, that would be fantastic. (The depreciation in $$ would be similar to a 430 spyder) ... But if it is worth 500k in five years, then that is a big pill to swallow.

    This is where I was looking to get some feedback. The F40/F50 are truly unique, do you think the Enzo fits this category? In ten years, the performance does not mean anything anymore. A lot of cars will beat an F50, but nothing will match its style and appearance. With the FXX, F430 looking like a "baby Enzo", etc, will the market still hold a huge premium on the Enzo???

    I think you can buy a F40 or F50 and enjoy it and not worry about losing money. Seriously, I doubt you can lose money on those cars as from opportunity cost. Not sure if the Enzo fits this category. Agree / Disagree?
     
  12. asb9987

    asb9987 F1 Rookie

    Dec 4, 2004
    4,191
    Toronto
    Full Name:
    A. B.
    I have to agree with you there. I seriously doubt that the Enzo will retain anywhere near it's value today in the coming five or six years. It just can't happen, it will HAVE to slide closer to its MSRP, perhaps in the 700k-750k range? The F40 and F50 levelled out with time, what's to say the Enzo will be different? It's just another super Ferrari, similar in the category of the F40 and F50. I just can't picture Enzo's selling for 900k within the next five years, with the onset of the F60. It doesn't make sense, unless the F60 goes for over 1mil to begin with.
     
  13. props

    props Rookie

    Oct 25, 2005
    2
    I think the comparision on investment between the Enzo and the F40/50 should not be considered. Many have paid 1.3mm and over for the right to have the Enzo first, the market has dropped since - it will most likely continue. How much do you like to have an Enzo? Enough to jump in now and ride the value down? F40/F50 has considerable seasoning to it's value in the open market place, although they are collector/super cars - they are not the latest...

    Comparing a F430 to 80% of an Enzo? I'll let others chime in on this one...
     
  14. Tenney

    Tenney F1 Rookie
    Consultant

    Feb 21, 2001
    4,297
    F40's (unlike Enzo, F50 and 288) can still be had for under original MSRP.
     

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