F40 prices sinking fast? Asking below $499k and no takers | FerrariChat

F40 prices sinking fast? Asking below $499k and no takers

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by mjw599, Nov 12, 2008.

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  1. mjw599

    mjw599 Formula Junior
    BANNED

    Jul 30, 2008
    510
    A Chinese Democracy
    Are prices falling for the F40?
    Several have seemingly low prices, even nice ones below $499k on eBay and no buyers?
    #190262943848 is claimed as a concourse winner and can't get $529k
     
  2. Drive550PFB

    Drive550PFB Two Time F1 World Champ
    Rossa Subscribed

    I know of one that sold recently for just over $400K. (It was in Charlotte--after the Wachovia blood bath.) I know he had 2 offers under $375K. The guy who handled the sale said that he was "very, very lucky" to get that price.
     
  3. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
    35,532
    Victory Circle
    Full Name:
    HUBBSTER
    The euro was keeping F40s & other exotics up, but now the euro has collapsed

    So unless the Japanese w their super powerful Yen decide to start buying exotics by the shipload

    You can expect all exotics to start falling

    I imagine even the super expensive vintage models will start falling as well
     
  4. Tipo815

    Tipo815 F1 Rookie

    Nov 1, 2003
    3,565
    Newport Beach, CA
    Full Name:
    Jeffrey
    It's one of those "special" cars where price - in most cases - is secondary to ownership. I know some people who acquired their cars in the $200s and could have more than doubled their money a year or so ago but didn't even consider selling their cars simply because it was never (and will never be) about the money/values.

    I don't think most F40 owners bought their cars because they were thinking ... "I'm going to make money if I buy this car and hold onto it." They bought their cars to own a piece of history, heritage, and the last supercar influenced by Enzo. Whether F40s remain at $400k, rise to $600k, or drop to $300k is probably inconsequential to most who own them.

    In these hard economic times there will undoubtedly be opportunities. Could an F40 sell for $300k? Possibly. I never thought I'd see a $30,000 Maserati QP or a $105,000 360 Spider either. Unfortunately ... I have.
     
  5. sicqnus

    sicqnus Formula Junior

    Jul 11, 2005
    637
    Paris - France
    Full Name:
    Cyril Chartier
    Here in Europe, all prices are coming down.
    Those I see affected :
    - 512BB
    - 275GTB/2 (plenty on the market by miracle since the recent price hike...)
    - Daytonas (the 40ths' madness is over and stupids seem to recall plenty have been made... same statement as above)
    - F-50 (always been a poor second to the Mc Laren F1 it was intended to beat)
    - F-40
    - 275GTS (were highly overpriced these past few years)
    - 365 and 330s (same...)
    - Modenas
    - Vetroresina 308s
    Most of the recent ones.
     
  6. ppatel9

    ppatel9 Formula Junior

    Mar 31, 2008
    642
    The whole car market is falling....so that means that their values will drop, depending on how collectible or rare it is. Most likely, rarer F-cars wont be affected that much.
     
  7. Strictly Ferrari

    Strictly Ferrari Formula Junior
    BANNED

    Nov 29, 2004
    637
    3045 Davis Blvd.
    Full Name:
    Naples Classic Car
    THEY WILL BE $250,000. IN 6 TO 8 MONTHS.
     
  8. HMS

    HMS Formula 3

    Dec 12, 2003
    1,189
    Los Angeles
    Full Name:
    Zack Sursio
    The days of "funny money" are gone. Cold, hard reality is the norm.
     
  9. joe sackey

    joe sackey Five Time F1 World Champ
    Sponsor

    May 23, 2006
    57,292
    Southern California
    Full Name:
    Joe Sackey
    And what exactly is the formula for your specific forecast?
     
  10. Aedo

    Aedo F1 Rookie

    Feb 22, 2006
    3,616
    Perth
    Full Name:
    Steve
    wishful thinking and $250k in a safe (can't trust banks these days :p)???
     
  11. Drive550PFB

    Drive550PFB Two Time F1 World Champ
    Rossa Subscribed

    I agree completely. This economy is tanking; the world economy is following, and all our politicians want to do is to bail us out--which means even more economic distress.
     
  12. judge4re

    judge4re F1 World Champ

    Apr 26, 2003
    13,477
    Never home
    Full Name:
    Dr. Dumb Ass
    Last time we really considered one (before we moved to Shanghai), I could have got one for ~$295k, that was only late 2003, no reason to believe that they will not go below that now. That same car is now owned by someone who has posted in this thread...
     
  13. TimF40

    TimF40 Formula 3

    Nov 3, 2003
    1,035
    Seattle/Bay Area/NYC
    Full Name:
    Tim
    Cool! Sign me up for 2! Call me in 6 to 8 months... ;-)

    Tim
     
  14. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    I wish F50s would come down from their stratospheric prices
     
  15. switchcars

    switchcars Formula 3

    Jul 28, 2005
    2,216
    Full Name:
    Doug
    me too
     
  16. SSNISTR

    SSNISTR F1 Veteran

    Feb 13, 2004
    8,046
    SFL
    Doubtful. Even if that happens, in a year or so they will shoot back up.
     
  17. Napolis

    Napolis Three Time F1 World Champ
    Honorary Owner

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    One sold in London auction for 440K
     
  18. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    :D :D :D
     
  19. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,244
    440k USD? Any stories on it? Possibly a poorly maintained Brunei car? Seems odd for it to go that low...
     
  20. robert biscan

    robert biscan F1 Veteran

    Jan 17, 2003
    5,066
    Nashville and Palm b
    Full Name:
    robert s biscan
    The stock market is as low as it was 10 years ago. About that time I could buy an F40 for 235k or so. I don't know if this means the 2 are connected but historically the numbers are the numbers.
     
  21. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    damn, always a day late. the few I've called on recently were 950k and not budging. its a great car but thats enzo territory
     
  22. Neonzapper

    Neonzapper F1 Rookie

    Oct 19, 2008
    2,580
    MD/FL/Philippines
    Full Name:
    Mykol
    "The sky is falling" Chicken Little

    "When it hits the ground, I'll buy it" Warren Buffett
     
  23. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
    Full Name:
    Scott
    It has been a while since you had a new Ferrari.

    You know, there is a following on the secondary market of owners that brag they have an ex-TimK car. Several of of them regulary get together and remark at how nicely it is and how pleased they are ...
     
  24. Birel

    Birel Formula 3

    Sep 12, 2005
    1,877
    Brisbane
    Full Name:
    Andrew Turner
    £319,000 including premium, today that's about US$475,000. In Europe that was an encouragingly strong result. Currency fluctuations are playing havoc with a lot of commercial transactions, but for whatever reason the USA F50's have always been overpriced, or overvalued, whichever way you want to look at it.
     
  25. RufMD

    RufMD F1 Rookie
    Owner

    Jan 31, 2004
    3,246
    USA
    Full Name:
    Jas
    come on down....there were a few cars missed on the run up so another stab at them at reasonable prices won't bother me a bit :)
     

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