Fair market value for this 430??... | FerrariChat

Fair market value for this 430??...

Discussion in '360/430' started by Chris550, Aug 5, 2006.

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  1. Chris550

    Chris550 Guest

    Nov 26, 2005
    31
  2. sgcullen

    sgcullen Formula Junior

    Jun 24, 2006
    464
    Morgan Hill, CA
    Full Name:
    Steve Cullen
    I have almost the exact same car in F1 shift. Mine is an '06 and only had 72 miles on it when I got it. When I bought mine a month ago, cars with its specs were going for $259K+. I think prices have steadied or may have even softened a bit, but you can use that as a baseline. Someone on here had come up with a number for the "depreciation" per 1,000 miles, I can't remember what the amount was though.

    The colors are outstanding and are stunning in person. From the pictures, it appears that the one you're considering even has the same titanium contrast stitching inside. We get lots of looks when we're driving and when it's parked. I had a guy in a Porsche follow me for about 10 miles a few weeks ago and he stopped and chatted when we had to go to the bank.

    All in all, the price seems good and the color is the best of the F430's (in my jaded opinion). Good luck with your decision.

    Steve

    P.S. pics of my F430 are on my website at www.cullenaz.com, if you are interested.
     
  3. Chris550

    Chris550 Guest

    Nov 26, 2005
    31
    can you add the shields? What about the depression they sit in?

    PS THANKS!!!!!
     
  4. sgcullen

    sgcullen Formula Junior

    Jun 24, 2006
    464
    Morgan Hill, CA
    Full Name:
    Steve Cullen
    Whoops, didn't catch that it doesn't have shields. You can add them, there's another thread about that right now in the 360/430 forum. Not sure of the quality of them and/or fitment. I actually passed on a titanio grigio in San Diego because it didn't have the factory shields (ended up getting mine from a dealer in NY), but that was me. I wanted as much factory stock stuff as possible and I plan on keeping the car that way.

    Steve
     
  5. nberry

    nberry Formula Junior

    Nov 1, 2003
    714
    If you can get for $190,000 I will be amazed. High mileage does not reduce the value of the car by that much.
     
  6. sgcullen

    sgcullen Formula Junior

    Jun 24, 2006
    464
    Morgan Hill, CA
    Full Name:
    Steve Cullen
    BTW, I would seriously doubt you can get the car for $190K. The listed price is not out of sync with the market.
     
  7. jim g

    jim g Formula Junior

    Jan 8, 2003
    887
    Waverly, Pa.
    Full Name:
    Jim Gress
    I'd say around $220K. Shields can't be added as they are recessed into the fender but I guess decals could.
     
  8. shawsan

    shawsan Formula 3

    Jul 2, 2004
    1,090
    Vancouver, Canada
    What an embarrassment for Ferrari to hear that a 2005 430 with 5,900 miles on it, is considered a high mileage car. That's only 3K miles per year. Why can my SUV do 30K per year w/o a hitch when 3K/yr on a Ferrari is represented as almost crippling?
     
  9. KenU

    KenU Formula Junior

    Oct 14, 2004
    543
    Planet Earth
    Full Name:
    Ken
    Steve,

    You have a PM
     
  10. spyderman

    spyderman Formula 3
    Silver Subscribed

    Nov 4, 2003
    1,622
    Toronto - Canada
    Full Name:
    Spyderman

    Hi miles at 3000 km per year??? The horor of it all...that someone would dare do something as crazy as that. Chris please tell us all that your car has under 500 miles per year!

    The tit colour looks great...if you can get it anywhere close to 200,000...buy it, but please...don't drive it when you get it. :) It gives Ferrari drivers such a bad image :) ;)
     
  11. 12:03

    12:03 Karting

    Dec 11, 2005
    60
    South Jordan, Utah
    Full Name:
    Ben
    I would say you should love it for the way it is, without any shields.

    I wouldnt order them, because I enjoy the cleaner look...
     
  12. Fly'n DutchMan

    Fly'n DutchMan Karting

    Oct 4, 2005
    248
    Agoura Hills CA
    Full Name:
    Sander Brouwers
    Agreed, the mileage isn't terribly high in this case either. Selling it retail from a Authorized Ferrari Dealer this is a $220K car.
     
  13. SrfCity

    SrfCity F1 World Champ

    Yea, they can. Premiere in LA for example is able to recess them into the fender.
     
  14. Derek at FoD

    Derek at FoD Formula 3
    BANNED

    Jun 10, 2004
    1,924
    Denver
    Full Name:
    Derek Fennig

    I'm thinking you're not a real buyer...$190k is wayyy too light. Heck, that's wholesale money.
     
  15. Chris550

    Chris550 Guest

    Nov 26, 2005
    31
    220K, not worth it. Two years old and 6K, still over original MSRP? No, I'm not a fool. Back to the GT3 list.
     
  16. crazy canuck

    crazy canuck Formula Junior

    Jun 20, 2005
    426
    West Coast

    Easy, there, my friend...how does wanting to buy a 5k mile ferrari at still OVER MSRP make this guy "not a REAL" buyer?...I say more power to him if he can buy it at that price..doesn't seem that far off considering the mileage and options...

    i don't think you have to pay stupid amounts of money for a ferrari to be a real buyer...some of the unscrupulous dealers try to tell you that your only cool if you pay over market price for your car. You don't happen to work for a Ferrari dealer, do you?.. ;)

    ..and why should he pay retail if he doesn't have to?..if the selling party is willing to sell this 5k mile car ..at the END of the summer with not much driving time left in the season for this price..it seems reasonable to me...

    Now if it was a 200 mile car or something, it would be worth more...
     
  17. GoodWood

    GoodWood Formula Junior

    Oct 2, 2004
    351
    SE Florida/Indiana
    Full Name:
    Steve
    With this being only Aug 8th, I'd hardly call that the end of the summer. Just making a point herre. I too think the price is insanely low. Maybe somebody died in it or something? :-/
     
  18. mw575

    mw575 F1 Rookie

    May 30, 2001
    2,924
    Lake Oswego,Or
    Full Name:
    Martin J Weiner,M.D.
    Perhaps my eyesight is going but color looks like silver (titanium) and not dark enough for grigio Titanio.
    I would think 200K is fair market price for 6 spd-no shields and 6kmi.
     
  19. Gary(SF)

    Gary(SF) F1 Rookie

    Oct 13, 2003
    3,637
    Los Altos Hills, CA
    Full Name:
    Gary B.
    Grigio Titanio IS Titanium...the dark silver is Silverstone.

    Gary
     
  20. masterlu

    masterlu Formula Junior

    Jul 26, 2005
    380
    Florida, Cape Cod MA
    Full Name:
    Ivan

    I was told by them today it was sold!
     
  21. azew

    azew Formula Junior

    Jul 4, 2006
    463
    New York
    Of course it sold for that price. I find it interesting that folks continue to be surprised when an F430 is sold well over list. That is market. I would be a bit wary if someone were selling one for $199k or anything near that.
     
  22. racerdj

    racerdj F1 Veteran
    Owner

    Jan 19, 2003
    6,952
    Indianapolis
    Full Name:
    DJS
    At that price, I'm not surprised that it is sold.
     
  23. GoodWood

    GoodWood Formula Junior

    Oct 2, 2004
    351
    SE Florida/Indiana
    Full Name:
    Steve
    Masterlu was told it was sold, he, afaik, was *not* told how much it sold *for*
    Aren't you guys are making assumptions here?
     
  24. Chris550

    Chris550 Guest

    Nov 26, 2005
    31
    I see how this works now. Pretty much anyone who answers a price check has a vested interest in these cars not depreciating. Of course if you are one who endlessly sucked-up to your authorized dealer, you got one for msrp. But for some scmuck like me trying to break into this exclusive club, I should pay a premium for a used one.

    Every time I think I'm going to do this, something like this comes up and totally turns me off. Last time it was the dealer flip game that I became educated on.
     
  25. Chris550

    Chris550 Guest

    Nov 26, 2005
    31
    By the way, these cars, esp the 300K plus cabs are sitting. They will depreciate.
     

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