Fcars Remaining On Market 60 Days+

good point, i am looking for a QV GTB and i have found only one reasonable and personable seller out of the cars i have called on. i can have a euro car here, and i dont like red, so the off red hard tops are the ones i am after, and the ones most buyers dont want.

some of these guys are still in dream land with prices. i want one to keep and drive as long as "i" want it, i dont care about the market value later.

that said, i also don't want to pay out the wazzo in a buyers market. cash is king, as i don't finance toys.

i can wait and buy some one else's off color euro spec GTB.

winter time will bring the wailing and gnashing of teeth, as its the best time to buy, and we drive our cars year round down here!

 

+1

Could not have said it any better myself.

 

I've been reading and hearing about all the speculation about how prices are falling and have been waiting for the "crash" on two fronts (F-cars and luxury homes). I'm currently looking to upgrade my F355 and 550; and primary residence

The car I want (the "right" Stradale - <5K miles/1 owner/complete records/non-red/factory stripe/extinguisher/factory stereo) cannot be found for less than $190K. In the community I'm living in there are only two homes for sale and asking prices are 10% less than selling prices from mid 2007 and the community I'm looking at has only 1 home for sale with an asking price just shy of $1.3 million which is about what homes sold for in 2006.

Bottom line if the market crashes what I'm selling should take less of a hit than what I'm buying, but as I'm waiting for this "crash" another day/week/month goes by where my family does not get to enjoy a nicer home and I just keep checking e-bay, ferrariads, cars.com, ... for the right $185K +/- Stradale.

 

Now this is just my opinon and also more of a thought or theory that I am just trying to work through.

I know everyone is saying that 360 prices are falling, which is a fact. however, just because they are falling doesn't mean that they will continue to do so at an alarming rate. Not everyone has to sell there cars, and many people wont. Also, as the cars get less expensive, there are more prospective buyers. Another thing is, and this is what is really confusing me. 308 328 348 prices seem to be staying pretty high. I recently saw a 328 bring somewhere around 50k... now if thats a 328... whats a 348 worth? And since we ALL know that the 355 is WORLDS better than the 348.. whats it worth? and since the 360 is only a marginal improvement over the 355 whats it worth? (lol, sorry i have to shove in my bias... please leave my bias out) In all seriousness each of those cars is a marked improvement and definetly worth more than the predecessor. so my question is how far can prices really fall on 360s without effecting the mid engined predecessors as well? One more item to consider is the 430. does a mid 100's 430 exist with resonable miles yet? are there spiders to be had for less than 200k? if not then there is a market for 360 spiders in the mid 100's still. prices wont just plummet only to leave its predecessors at a lower value and its successor at a much higher value. Now I do realize that 430s have fallen in price, significantly... however, they are still high especially when you compare them to the scaretactic prices that are posted in threads like this about 360s. Now I do believe the one major down fall of the 360 is the massive production run... as well as many of these being purchased with mortgage money... its just economics...

Also, I know this is off topic, BUT i must address this to those who are NOT in the car business but think that they are (those in the car business know the types I am talking about) YOU CAN NOT COMPARE A CAR THAT IS PURCHASED AT AUCTION (MANHEIM etc...) TO TRUE MARKET PRICING!!! For those of you who think I am wrong... have you been to a wholesale auction before? Have you seen the condition of the cars that are ran through there? have you seen Manheims version of "above avg." or "avg." if not you would be absolutely appauled. Above avg. wouldn't even be considered good condition to many of you. So those of you with access to Manhiem Internet MMR, you are seeing about 20% of the picture. Also, you must remember that you don't get to PPI these cars, so many are a little gun shy to pay all the money for the cars especially when they know that they are is a very good chance that they are going to need to spend alot of time and money reconditioning the car to an acceptable level. The other thing to think about when looking at auction statistics on highline cars is that there is a reason why that car is at a wholesale auction and not on a dealers lot. Dealers keep good merchandise for themselves to sell, OR if that particular piece of merchandise is not a good fit for there lot, they will call someone in there local network who will want it. There is always a "wholesale buyer" for a clean car, and these cars never make it to auction... they are TOO nice!


ok ok i can breath now... sorry...

 

What did you expect ? They are used cars .

 

You also have to take into account the production numbers, not just the age or improved specifications. There are way lot more 348s than there are 308s. So supply is lower on older cars which keeps the prices a little more stable.