Whats the usually depreciation of an F430 Spider? Red/Tan. I have interest in one but want to see what sort of depreciation I can expect on it per year. I'm looking at an 05. I will drive roughly 1800-2500 miles per year. I don't drive hard or bother to race. I just like to drive. Also if anyone is selling one please let me know via private. I'm looking for Red/Tan. Let me know mileage/price and pics if possible. Thanks for your replies in advance.
Please fill out your profile. Depreciation from "market price" seems to run around 5-10% per year. Although you can get burned much worse than that by mistiming the market.
ive filled out my profile. thanks for the tip. how do you tell when its a good time to buy or sell? like what do you mean mistiming the market? can you please give me an exampe.
I think that if you are buying at "market" which is over MSRP, you can expect at least 10% per year depreciation. It may be a little less, but that is a present. Al
Hmm. Well, a good example of timing the market well would be to purchase, in 1962, a nice 250 GTO for around $12k. Keep it until 1989 and then sell it for close to $14M A bad example of timing would be to have purchased an F40 in excess of $1.2M in the late 80s, and to sell it in the late 90s for $300-400k. Those are the obvious extremes. F430 spiders new, or close to new, are still commanding $80-100k premium over list. The coupe's premium is "only" around $30-40k. Currently the F599 is the "it" car and demand remains strong, and supply limited, hence the $200k premium. I would strongly recommend subscribing to the "Ferrari Market Letter" if you'd like to keep abreast of market-pricing of Ferraris, the "asking price index" gives you a quick-glance idea of where the market is headed for each of the models. While not accurate (asking prices are not the same as "sold" prices) it does give you a feel for where certain markets are headed. To answer your question, I think the "sweet spot" for Ferrari models right now is the 360 spider. This is still a great car, beautiful, reliable (for an exotic), and priced on the "right side" of the depreciation curve. When the F430 is replaced, it tends to hasten the depreciation of that model, whereas the 360 is already "not current". If you are a good customer of a dealer and have access to Ferraris at list-price, well then that's a no-brainer and that changes the whole equation, but if you're in the position to have to pay market pricing, where I would be plunking down my dough right now would be on a 360. If you can get a nice 360 spider for around $170k vs a new-ish F430 for around $280k, I think the 360 makes more sense. However, purchasing a Ferrari is a decision of the heart, and you have to ask yourself which one is worth it to *you*.
Well, the rules have changed recently. Dealers used to sell at msrp all models; resulting in cars being sold at substantially less than the actual "market price" resulting in speculators "flipping" the cars for profit. Dealers can now charge what ever they feel like. Some dealers have taken this to mean "every man for himself!" and charge whatever they can get away with. Other dealers take a more long-term view and keep their existing client base happy with cars at msrp. And everything in-between. The 612 is available for msrp (or perhaps even at a discount) (excepting the "Sessanta").
Well I certainly don't know any dealers so I guess im kinda out of luck. i wouldnt mind a 360 as well for now and then perhaps in 2-3 years look at the F430. Where should i be looking for a good deal on a 360? Spider Red/Tan is what im looking for. And you mentioned 170k, thats not a bad price. what year would i expect for a 170k spider red/tan? i hate it though that everyone is charging way over msrp, I guess i came in late. thanks for all your answers.
FerrariAds.com here is a good place to check. FML (mentioned previously) is a good place to look (will cost you $40 for a 6-mo online subscription). I see that there are 14 US 360-Spiders listed there from 2001-2003 under $176k, with 5 in red/tan.
i got a question i enrolled in this subscriptin (very very useful info) their asking price market index..what year are they basing the values on? like: 360 Spider 182,995 184,876 -1.02% 189,168 -3.26% 205,757 -11.06% what year vehicle would that be based on
nice info in this website. thanks brit. i copied down about 10 360s and going to sort through them to see which what i like best. should I worry about mileage? like what would be max I should look at for a 04?
You should only worry about the mileage if you are worried about the mileage .... Most Ferraris average 1500-2500 per year (at least for the US market). Resale value is priced accordingly. If you don't mind the fact that it's high mileage going in, and the price reflects that, then it makes sense to go that route -- just be aware that when "getting out" the price will also reflect the fact that it is "high" mileage. It's a similar situation with the "Euro" cars -- these cars are available for a significant discount over US-cars with a similar spec. You get in cheaper, but you'll get less when it comes time to sell; as long as you go into the transaction with your "eyes open" it's no big deal....
okie thanks alot hope to get one soon im so anxious .. ive come from corvettes and vipers...i wonder what the ride will be like.
I am very good friends with the guys at Algar Ferrari. Give Francis a call at 610-527-1100. Tell him I sent you. They have both used 430's and 360's there now.
