How is the Scud market holding up ?

That's probably not a good assumption. It seems quite unlikely that is a US car.

 

It's a ME/EURO spec car..........I know the car.

 

Car is mine. Not for sale anymore, going to keep it. I can confirm though the Scuderia market in Europe seems to be pretty weak. Show me a market that isn't weak at the moment though....!

 

Friend just bought a 10 mile black one for $10k north.

 

Wow! Really? US car? That is crazy....I know everything is affected by the economic downturn but I figured something as sought after as a Scuderia would keep higher relative demand. Any others with similar experience?

 

US, yup. Can't say I'm surprised, the entire market is in the crapper and those few with cash only bite if they can steal something.

 

Is your friend sure about the mileage? Every Ferrari leaving the factory has at least 40 miles on the odometer.

 

Sorry, I'll take your word for it. Car was new. And it was $15k north, not $10k.

 

Well its a survival game out there and just give it 3 months and there will be many below list unfortunately, from what see in Banking for many, if you half the net worth of 12 months ago you are doing well...

 

Where are you guys seeing the scuds so cheap? 10-15k north?

 

Did you friend spec the Scud out with a Ferrari dealer? Was it a straight purchase or were there trades involved?

 

No. Yes (I believe, no trade)

 

for those of you in Europe, go to www.mobile.de and buy your scud at MSRP for delivery NOW (be sure to deduct the VAT of 19% when doing your calculations, and convert to USD at the EUR rate of 1.25)...

 

Cost of federalizing would kill the deal,in addition resale will suck.....

 

2nd owner??? I thought original USA owners had to keep the car for at least one year, or sell the car back to the dealer within the first year of ownership. I also thought they had to be financed through FNA which means FNA physically has the title.

 

How many is "so many" ? I've only seen two pre-owned in the last few months. There are a lot of ads saying "Scuderia", but they are really F430 Coupes.

 

FNA is no longer enforcing these policies. You don't have to finance and you don't have to keep the car for a year. The policy change is due to the bad economy.

 

There is one for sale in HK asking USD40k premium and no takers. Car is over USD500k in HK so premium is less than 10%

http://www.exclusivecars.com.hk/stock_detail.asp?key=18321

 

Thanks!

 

This is true.