future value of 599

Hey guys, would like to hear everyone's opinion on where the Ferrari 599 pricing is headed once its replacement hits the market. Currently, I've seen them in the $170K range at the low.

Where do you think this will be in 2-3yrs?

 

Look at 575Ms for an example of a few years down the road. Newest 575M is ~six years old, oldest is ~nine years old. Oldest 599 is ~five years old. Newest 599.....

Taz
Terry Phillips

 

Early F599s will hit 35% to 40% of MSRP within two years.

Dale

 

High mileage examples lacking service will be had for $59.9K in 5 years.

 

Cute.

BTW, they are already trading at $180k on Manheim.

Dale

 

With enough inflation, they'll be worth more than what they're worth today.

Of course then again gas might be at $10/gallon by then...

 

I think I'll get one in 2013

 

Any around for the $150-$160 range? Or is it better to wait?

 

They are already there. I just bought a perfect 08 with 2k miles for 65 percent of list.

 

What was list?

 

65% of list is still over $200K, assxuming a list of $308K or more.

Taz
Terry Phillips

 

i think they 599s are going to fall harder and faster than u think....

imho, it's not as pretty as the 550/575 cars and electronics......

 

Better lay off the pipe,lol Explain high mileage,60-70K? 100k+? Lacking service? I would think there would be very few 07 599s out there that are going to be in that bad condition in 5 yrs and even then your number is a stretch.


Fixed it for you........
QUOTE=Simon^2;140541628]High mileage examples lacking an engine and suspension will be had for $59.9K in 5 years.[/QUOTE]

 

IMHO.....LOL...What else are you going to say you own a 575,My car is ugly and worthless.?
Lets face it all these cars are dropping in our lifetime..Iam just happy I did not pay what the first owner of my car paid..556K on a 338K sticker car! Of course he could afford to lose it where I couldnt..
Come on you know you really want a 599.

 

I know someone who just paid $130K for a nice 575M, so there are outriders at both ends of the price scale. I am sure there will be some very nice 599s that have been in accidents that will be available for much less than the norm, like the really nice accident involved 575M that sold to a friend for $70K.

All recent, regular production Ferraris fall in value. Some of the limited production cars fall more slowly, but they fall as well. Only the supercars seem immune to this rule, but they operate in an entirely different, rarified atmosphere.

Taz
Terry Phillips

 

LOL.... i didn't say the were worthless - i do want a 599 but in no way do i think it's a prettier car than the 550/575....

my prediction is a suprising small spread between the 550/575 cars and the 599s..... and the new model hasnt even been launched yet.

were almost at the point where the top dollar 575s are within $25kish+ of the bottom 599s.

i bought my 575 from the original owner at <50% of msrp. he drove the car 4k miles. took an ass pounding.

i hope they all go lower. i'll build a bigger garage.

 

NP Henryr,
I would like to buy the 575 SA at Silicon Valley.!!! I know they will all go down but I dont want to see any 300K + Ferrari go down to 60K LOL..I can make space its the cash to buy them thats tuff..Kevin

 

575 SA different ballgame there. same for 599gto

 

Roughly $100k in 2-3 years. I paid a lot more...love the car and wouldn't have missed a day of it!

 

I'm the last one anyone should listen to (Dr 599s will not go under $300k). But most late model Ferraris bottom out at around 35% to 40% of MSRP. So I'd say around $135K.

But, they may find support at a higher number. Don't forget, it is a competitive market out there. Say a car guy is looking at a new Porsche Turbo, and he sees a used F599 for the same money. Tempting. Tempting, particularly if he can get the Ferrari extended warranty as part of the deal.

Dale

 

Waiting is so hard....

I have my Maserati GTS until then. Those are dropping much faster. But for the money, I dont think there is a better car out there.

 

599s will stay about $50K more than I can afford. Perfect, since I love my car.

Taz
Terry Phillips

 

337k

 

So let me see, 0.65 x $337K = $219K, a good deal for an 08 with the right stuff.

Well bought.

Taz
Terry Phillips

 

This one looks pretty sharp

http://sanfranciscosportscars.com/2007-ferrari-599-gtb/