no affiliation.........
no affiliation...... http://www.cars.com/go/search/detail.jsp;?tracktype=usedcc&searchType=21&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&criteria=K-%7CE-%7CM-_51_%7CD-_1407_%7CN-N%7CR-10000%7CI-1%7CP-PRICE+descending%7CQ-descending%7CZ-40513&aff=national&paId=222034546&recnum=0&leadExists=true
$600,000! He's optimistic........ and probably a bit deluded. Who does he think he is asking that kind of money? Michael Sheehan?
1 What the hell is it doing on Cars.com? 2 Why can't people figure out how to take a picture of a car includes the ENTIRE CAR in at LEAST ONE PICTURE? 3 7xx miles??? 4 Anyone know the car? 5 I smell Scam don't know why
Dear Comrades, If this car is genuine, then is the price really too much? These motor cars have been steadily increasing in value, particularly over the last two years. Anyone who has endeavoured to acquire an F-40 will know how very difficult it is to acquire a good example, and therefore the price for this one does not seem at all excessive - that is, if the car really is as described and has none of the 'stories' usually associated with them. With kind regards, Road Burner
Might get it. Were it a '92, may've been gone before advertised. Internet message board disdain for garage queens aside, customers actually dig a little deeper for cars like this. Still, a bunch 'o these were socked away at birth, and could be a good few under 1K mi cars'll hit the market if prices carry on rising.
If it is a genuine 735 miles car properly maintained with a pure provenance youll have to give him what he wants to get his car IMHO. Joe www.joesackey.com
I was recently offered $450K for my 1990 with 5,800 miles... On a side note... while $600K may seem a bit high currently, it also may seem like a bargain in the not too distant future.
+1 as well, but I'm about to perpetrate a minor thead-jack. Jorge: Speaking of F40s, I love the one in your profile. And I think the car in the photo is mine. Where did you get that shot? It's great! I think it was taken last year in Cannon Beach, Oregon when I was giving rides for a charity event.
Yes...it is your car and it was in Cannon Beach in Oregon It was posted here... http://ferrarichat.com/forum/showpost.php?p=136664145&postcount=399 Let me know if you dont want the pic in my profile since it is your car.
No problem at all, Jorge. I'm honored that anyone would want to use a photo of my car in their profile!
I would love to see him get $600K for a 1990 F40. However ....... IMO a low mileage F40 is a recipe for a mechanical rebuild. I'll bet every bit of rubber in that car is hard and brittle. I wouldn't want to be standing behind it when it starts up. Really low mileage cars are good as museum pieces only. They get that"low mileage disease" where the owners don't drive them to perpetuate the low mileage aura. A complete waste if you ask me. These cars have to be driven to get them to perform anywhere near their intended levels.
All very true...the ad does mention a full service completed at a Ferrari dealer, whatever that might entail... I think this ad is indicative of where the F40 market is heading in the short term.
First, let me say I hope he gets it. The F-40 is a beast. Second, I think people should be realistic in what they are offering and what they will take. If the guy really wants $600K, then he is free to ask it. However, I have seen too many people go looking for that "crazy guy out there with more money than sense." I think it is better for "that guy" to go looking for a car, instead of the car owner looking for that guy. While Ferrari owners are loosely considered "rich" by normal joe-six-pack standards, money and common sense are not infinite. Gas prices are on the rise and will stay up for a long time. While this directly impacts cars, it also affects everything else we touch. Food in your grocery stores is delivered by trucks or rail cars (which use gas) and food prices rise. Rising prices fuel inflation, and interest rates are up recently. When these factors are present and the economy slows, luxury goods are the first things that take hits in prices. I remember looking at a 1988 328 GTS priced at $140K (the salesman said "Cars built during the life of Enzo Ferrari will always carry a premium"). I think that car sold for about $72K a year later. However, if he had priced it at $85K at the original offering, it would have sold. Economics lesson aside, and reasonable people can differ on these subjects, one has to admit that this market has had a good long run and is in for a breather. If that is the case, you don't want to have the highest priced product in the market. Take 20% off of everything in the duPont Registry and you get to a reasonable level of pricing.
+1. Didnt some sell for $1m in 1990? It seems some values are almost back to that point, albeit it in a much healthier market today. Joe www.joesackey.com
The F40 is on my hit list! With any luck they'll still be under a million in 5 years........................
ribbit ribbit... you rang? ....here i am! back in action! we can just leapfrog right over to this thread and continue our little talks! now about the F40...
from a purely investment-minded/car collector view, the F40 is one of the best purchases for that purpose. it will only continue to climb and climb whilst other currently popular makes, fetching similar prices, begin their inevitable decline. but not the F40.
+1. Which brings us back on topic with the car upon which this thread is based: $600k may not be today's price for this car, but sometimes to get the very best you have buy at tomorrow's price. If the seller thinks along similar lines, I cant see him dropping his price, and soon someone will jump the qeue for an excellent low-mileage car by stepping up. Ergo a new benchmark is established. With supply of good unmodified low-mileage USA F40s fixed or diminishing (as a new generation of long-term owners come to possess the cars), and demand always existent for Enzo Ferrari's Swan Song, this process repeats itself and values slowly increase. Joe www.joesackey.com
