F40 value in the USA?

It seems low miles US F40s are going for $1.2M-$1.5m.

Euro cars are rapidly raising. Very hard to find a clean and low miles euro F40 for less than $1.1M. They were going for $800k 6 months ago.

 

Joe sackey is the guy you want

 

For California, only a USA spec car is road-registrable.

As regards finding a USA spec car for under $800k, that was possible about a year ago.

 

PM sent

 

Even high mileage examples are getting top dollar now, soon it'll reach a point where mileage doesn't matter.

 

I recently spoke with a friend here in Houston who owned a F40. I mentioned to him that I was almost certain he would never sell but after I said that he said he recently sold his F40 because he was offered a price he could not refuse, based upon the escalating US prices for federalized versions I assume. I do not know what he purchased the car for or what he sold it for but I am certain he made a very handsome profit.

 

This^^^^

In my quest for an F40, I spoke to several US owners in the past 6 months who purchased their cars when the bottom fell out in 2009 - 2010 for $370-400K but who now wouldn't let go of their cars for anything less than $1M.

The market has fundamentally changed since last fall when high mileage/possibly dinged euro cars were sitting on dealer lots/on consignment forever for $500K (in current conversion rates) and are now being traded for $900K. US models which were $800K last fall are in excess of $1M now. Mileage has become irrelevant.

Folks on the board made a lot of fun of the buyer of the Gas Monkey F40 for buying a wrecked but repaired car for $675K - turns out the jokes on them as you couldn't buy a car in similar condition for less than $900K now.

 

So true. Mileage has become much less relevant now. Unlikely to find a no storied car for less than a million now.

 

Yes sir I agree that the mileage is becoming a non-issue, in my opinion of course, simply because even the higher mileage cars are still very low mileage cars in reality. F40 owners (most Fcar owners ) are known to keep meticulous service records which is crucial. I build a file for every car I have owned since '85, even though they were not Ferrari's, but said records always helped during negotiations.

Totally off topic but I must say that I am truly happy that I still know a F40 owner in the Houston area when I need a "FIX".

 

1991 Ferrari F40 -

just went up for sale recently

 

The painted F40 emblem on the spoiler just does not look right.

 

yeah it looks really awkward on the car

 

Used 1990 Ferrari F40 For Sale in Beverly Hills CA | ZFFMN34A9L0087085

7546 miles, asking price of $1.3M includes classiche certification.

 

Hard to say if the recent demand for '80s Ferrari supercars and Porsches is another bubble or a function of Generation X-ers beginning to hit peak earning power and starting to buy the cars of their childhood dreams. We saw something similar happen with baby boomers and muscle cars, and it's hard not to see the similarities with the recent run in prices in F40s, Countach-es, and 964/993 Porsches. Any way, it's just a theory I have - I don't have any hard data to back it up.

As for the bottom of the F40 market being in 2004-5, it may well have been but there were people on this forum listing F40s for $390K and no finding no buyers for months in 2009-10.

 

That was actually in the mid-to-late 90s. In 1997 I purchased a nice low-mileage example for just over $250k.

 

I get approached by bottom feeders all the time, the latest ploy being comparison with Euro cars. One thing I think you may have to accept with a euro car is new fuel bladders with some regularity unless you can have ethanol-resistant bladders made. And I think there is significant risk in buying a euro car, with language barrier and a trustworthy inspection and then shipping and registration in the US (but not Cali).

Most of these folks don't want an F40. They want a bargain.

 

i paid 425k for my 3200 mile car in 09

 

That's an old one!

 

Proves my point.

You sir, hit the jackpot (I think Keith may also be in a similar boat as you). That car is now probably worth 2.5 - 3 times what you paid for it.

 

and if it went right back to 425K i wldnt shed a tear...owning it has been a religious experience

 

Will the us f40 fuel cell fit in row cars?