Ferrari prices going up?

Have noticed the same. But I think it's either that the desparate sellers are mostly gone, or the economy is getting better and sellers are holding on to them longer. Just keep looking...

Ace

 

Here are over 200 of them for sale starting at 57K...

http://autos.yahoo.com/used-cars/ferrari-360_modena-overview

 

Yes, but if you wanted to buy 225 nice red/tan 360s today it would be hard.

 

Let's try again.

If you wanted to buy one at a reasonable price would it be hard?

If you want to buy one six months from now will it be hard?

If you want to buy one six months from now will it cost less than it will today?

 

355 and 360 prices are still dropping, but maybe not quite as rapidly as they were dropping over the past year and a half. Since neither jobs nor housing will be leading the economic recovery maybe used ferraris will! ;-)

 

no, no, and yes.

 

We have a winner.

 

no
no
yes

 

No
If it isn't hard now, then it shouldn't be in six months
Don't know, nobody has a crystal ball

 

355 prices are on the way up! Yes, especially 97 355B's in Argento. Expect them to top $100K by the end of the year. BTW, my 97 Argento 355B isn't for sale!



(Unless you believe me and want to pay the $100K now in anticipation of all that future appreciation!)

 

One aspect is that future maintenance costs will either remain the same in 6 months or appreciate in cost. Regardless of the model. Those 550 Maranello prices are surely tempting, that V-12 looks just like the 612 engine and to have it in a manual 6 speed would be cool.

So after financing the whole cost amount, how do you want to pay for the 30k or just a simple clutch or brake job?

The car may tarnish, but the maintenance is solid gold.

 

Obviously silver 355s are going through the roof. We were talking about other Ferraris.

 

The answer is... "its the economy, stupid".

 

It's SPRING time, the time when a young man's heart lusts for a Sports Car.

 

Oh, well, now I understand.

 

I saw two 328 GTBs listed recently at 90K and 100K. My net worth increased a lot while I slept!

Dave

 

Yeah just don't check the F430s listed just north of the 328s...

 

See, that’s why I diversified my portfolio and have both a 328 and a 430.
That way I'm covered no matter which way the market goes down.

 

My '05 has not changed in value much in the last 18 months. Seems the bottom end has been holding at about 110K+/-. I'm sure the newer ones are a different story.

Dave

 

I agree with this. Seasonal like the real estate market.