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F355 Market

Discussion in '348/355' started by Robb, May 19, 2015.

  1. ShineKen

    ShineKen F1 Veteran
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    Aug 3, 2007
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    The facility is absolutely beautiful. Slightly on a hill top, open air floor. Right next to freeway. Beautiful mountain views. Huge. Clean. Modern. Arguably nicer than some Ferrari dealerships. About 15-20 min from my office. The old place was 10 min from my office. It was a nice place to consign your car as the showroom displayed cars very well. Turned out to be a HUGE trap many of us could have easily fallen for.
     
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  3. tres55

    tres55 F1 Rookie
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    Sep 18, 2012
    3,105
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    I'll admit I used to check their inventory all the time and probably would've been a customer at some point myself.

    I think they started out with good intentions and just got in over their head...black swan event like the pandemic exposed it all. Like Bernie Madoff and 2008.
     
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  4. Doramon0720

    Doramon0720 Karting

    Jan 17, 2015
    90
    Rancho Palos Verdes
    Full Name:
    Steven
    Hi Guys, I am thinking of trading in my '99 GTB F1 16K Mile in for a '06 F430 GTB Gated 30K. The owner is asking for about 82K for it. I was wondering if I can break even on the trade and if I should do it! All recommendations welcomed!! Thanks in advance....
     
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  5. jag-oo-r

    jag-oo-r Formula Junior

    May 27, 2015
    393
    You found an '06 f430 with a 3rd pedal, for $82k?

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  6. Doramon0720

    Doramon0720 Karting

    Jan 17, 2015
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    Steven
    Yes
     
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  8. Kokose7en

    Kokose7en Karting
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    Dec 5, 2019
    176
    SF Bay Area
    Just buy it for $82k. Even $30k on top of your car is a good deal.
     
  9. Doramon0720

    Doramon0720 Karting

    Jan 17, 2015
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    Steven
    Are you saying my car is only worth $52K?
     
  10. jag-oo-r

    jag-oo-r Formula Junior

    May 27, 2015
    393
    What's wrong with it? That's mid- mileage f1 territory.
    Eyes wide open!


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  11. OCKlasse

    OCKlasse Formula Junior
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    if you pass, please pass it along to me. I’ll buy tomorrow if it checked out :)
     
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  13. 32 Ford

    32 Ford Karting

    Jan 31, 2021
    134
    vancouver
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    Mike McGowan
    And I 'll give you $60K for the 99. :) no inspection needed
     
  14. Kokose7en

    Kokose7en Karting
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    Dec 5, 2019
    176
    SF Bay Area
    No, I’m saying even if the f430 is $112k its a good deal. GTB? Gated? Converted or not... just do it
     
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  15. ShineKen

    ShineKen F1 Veteran
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    Nothing to think about. BUY.
     
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  16. Doramon0720

    Doramon0720 Karting

    Jan 17, 2015
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    Steven
    16K mile '99 F1 is a mid-mileage terrioty F1 and worth only 52K? Wow, I am not sure even @johnk... will agree with that.... then again.. I can be wrong...
     
  17. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
    16,480
    Factory gated 430 for 82k? Where and why?
     
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  18. OCKlasse

    OCKlasse Formula Junior
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    I called first dibs, haha!
     
  19. INTMD8

    INTMD8 F1 Veteran
    Owner

    Jun 10, 2007
    5,711
    Lake Villa IL
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    James Moran
    Saying the 430 is worth 30 more than your 355 isn’t implying your car is worth 52. The meaning is the 430 is under priced. (Based on info so far)
     
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  20. Targatime

    Targatime Formula Junior
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    Feb 22, 2014
    373
    Los Angeles
    I would buy the 430 for $82K outright and then sell your 355 later (for quite a bit more)
     
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  21. ShineKen

    ShineKen F1 Veteran
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    This 430 pink or sumthin’? What’s the catch?
     
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  22. Ferrarista98

    Ferrarista98 Karting
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    Jan 7, 2018
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    Jason L
    If it sounds too good to be true…
     
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  23. johnk...

    johnk... F1 Veteran
    Owner

    Jun 11, 2004
    9,014
    Yea, I would expect it to be around twice that if it's a decent car.
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  24. INTMD8

    INTMD8 F1 Veteran
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    Jun 10, 2007
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    Lake Villa IL
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    James Moran
    I would buy the 430, list it on BAT and keep the 355 :)
     
  25. Doramon0720

    Doramon0720 Karting

    Jan 17, 2015
    90
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    Steven
    I
    Let me go confirmed before I make a fool of myself...
     
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  26. Ferrari Fanatic

    Ferrari Fanatic Formula 3

    Apr 2, 2003
    1,278
    SoCal
    Maybe it’s the 430 listed at CNC.

    LOL

    Mystery solved.
     
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  27. jag-oo-r

    jag-oo-r Formula Junior

    May 27, 2015
    393
    I think you're misunderstanding my comments.
    I've no comment whatsoever about the value of the f355. I'm talking about the f430.

    An '06 F430 with "mid-mileage" (say, 20-25k) with F1 transmission would likely sell quickly for $82k. But the gated, 3-pedal version should be at least 50% more than that. I'm wondering specifically what's wrong with it?

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  28. Ferrarista98

    Ferrarista98 Karting
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    Jan 7, 2018
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    Jason L
    Fwiw if you look at Hagerty values for the 430 the notes ascribe a 100% uptick for the gated version. Seems high to me based on what I’ve seen but the market is skyrocketing at the moment.
     

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