Is any Ferrari Safe?

If you want safety, buy gold and put it in a concrete safe under your bed. Then buy a 1989 Taurus for less than a grand. I'll only lose a grand and it will be the best investment you can make with a car.

 

Good news and bad. If you've lost $25K -$30K consider yourself lucky. Wholesale right now is $240K -$250K. I've lost $50K -$60K on my Scuderia and I paid MSRP. The 16M will depreciate too. Based on an MSRP of $320K-$330K I wouldn't be surprised to see a loss of $75K in 6 months of ownership. And it won't matter if the car has 200 or 2000 miles. I passed on the 16M but my brother has one coming in. His financial situation is good and doesn't care about depreciation. He just wants to enjoy the car.

 

The 16M will hold its vaule much better than a Scud. The Scud, I hate to say, can be had with 1,000 miles for around $260k. Unless your dealer is letting you trade in for MSRP you will loose alot more on your scud if you paid over sticker.

I think the 16M will be worth alot of $$$ down the road.

 

Sorry but.... buy the car for the enjoyment and privilege of owning a Ferrari. If you don't want to lose money, don't buy it... pass it up. Buy into something else if you don't want your investment to depreciate.

 

Fill out your profile, unless you're a spy.

My advice; don't buy a Ferrari! You WILL lose money because it's NOT an investment, but a hole in your pocket the size of Arizona. It's all about miles of smiles.

 

If you're worried get a good deal on a classic.

 

You can expect any late model Ferrari, including special models to depreciate. 355 Fiorano, 550 Barchettas, Stradales, etc. They all depreciate. Perhaps not as bad as regular models but bad nonetheless.

Dave

 

you can't be serious

 

If you're truly worried about your car depreciating, you could always buy the 16M and give it to me - the expression on my face will be PRICELESS.

 

Doubt the 16M will depreciate much - limited edition says it all. Will certainly hold better than the SCUD. Replacement is probably 15 months away and will be much more expensive. All in all, you might lose some but then think of all the fun you would have. Buy the car and enjoy.

 

I normally lose money on cars, and I love my 16M. I lost a ton on my 08 Spider so that I could get the 16M, and I don't regret it at all... yet. I hope I keep this car 4ever. I have no idea what it will be worth 6 months from now, but it is so much more fun than my old f430 spider, it really doesn't even matter. the car is really special and if you have the opportunity to get one, you should do it. Of course, I would probably sell my house before my ferrari if it came down to it, so I'm probably not the best at giving financial advice when it comes to cars.

I bet you won't lose that much more in the 16M then you would if u just kept the scud over the same period. I will tell you that you should get rid of the scud ASAP to cut your losses if you decide to get the 16M. I priced my 2008 spider at least $30k below the nearest asking price and it still took a month to sell. Dealer wholesale is probably very bad right now given the inventory out there.

 

Comments like this get a little old after a while. Yes, we know that "real owners" don't care about value, they just drive the car and forget about it. Right? Unfortunately, these cars also command gigantic sums of money, so there are very few people who can "just buy the car and forget about it." The OP asked a legitimate question regarding how much money he'd lose in the car. When you spend six figures on anything, questions like this should be asked. Don't fault him for it - just give him a legitimate answer or move on!

 

With all due respect to the OP-- The question is: Is any Ferrari safe? That implies speculation to me. When you ask enthusiasts -- many of which have given their left arm to get one -- a question about which car I should buy not on what it means but which one gets me the best return (or smallest loss), you might expect some to question your true intentions when owning one.

That being said, you have a legitimate point. It is a fair question and perhaps I misinterpreted the meaning of the post. My apologies.

As to which will lose less value over time, it's no different than what the price of gold will be in 2 years. Whatever your theory, its pure speculation. One could argue that the Scud is really more of a track car and the 16M more of a novelty, therefore the Scud appealing more to the true purist who want "the ultimate". Others could argue the 16M is rarer and a spider, which traditionally are very popular in the US.

Then, you have to marry this information with the state of the general economy, the used car market, and the potential large price increases/markups of the replacement F430.

I still say... at 300+K, buy what you want.

 

I think at MSRP both the Scuderia and 16M are a bargain. The 16M is a better bargain due to the 499 worldwide production.

With less than 400 Scuderias and less than 250 16M destined to U.S. (using the information I have, not official). These cars have a niche in the market, they're under warranty and there are not many of them.

Not long ago, 2007 Spiders were more expensive than a 16M today, and back then (last year) there were thousands of F430 Spiders in U.S.

As the economy slowly recovers, and confidence grows back on the consumers, we will see more buyers, but the supply for these specific cars is limited.

I think that the 360 Stradale, 430 Scuderia and 16M are going to be the Ferraris that will hold their value better from all Ferraris made in the last 10 years, except the Supercar (Enzo).

Obviously, there will always be a price difference between a 2008 and a 2009 car, a low miles car and a high miles car, a car with no options and a car with plenty of options.

My opinion, a 16M will do well. The F430 has proven to be a very reliable, and low maintenance Ferrari compared to other Ferraris. The Scuderia and 16M being the last F430, have the best parts from all the F430 made to date.

 

Buy it because you want to drive it. You're going to lose money on a car. For the most part they're a horrible investment. Get your enjoyment out of the drive.

 

I don't think they're saying that "real owners don't care about value". Everyone likes whatever they buy to hold as much value as it can. But there are at least 3 categories of owners: 1) owners who buy and keep, in this case resale doesn't matter it's more a concept (maybe to support a case to the wife about why the next car should be added to the stable ), 2) owners who buy and hold a few years, genuinely experience the car, and then sell to experience the next car, and 3) owners who buy more to appreciate (or speculate), then sell quickly for a little loss or a little gain. It used to be that owners could get in an out for $10-20K per year, if they drove these cars "lightly" and that was an acceptable price; but the annual cost of ownership for categories 2 & 3 just doubled or tripled to $50-75K for the first year.

IF you buy a car now, you need to accept that such losses in resale value are highly probable and that you can live with that. That's a personal decision. I think the OP should assume that he will lose that much and if he's looking for reasons to contradict his common sense and market observations, he's just talking himself into a situation that he will find unpleasant. If the market does recover to prior levels or if these models do respond more strongly than the mass production ones, then he can be pleasantly surprised, just don't count on it. That doesn't mean these are or aren't affordable; what we find affordable (relative to income/net worth) and what we can tolerate (relative to our sense of worthwhile value) are different measures and may result in different decisions.

 

Guys, i hate such threats ......I would answer that Ferrari is not safe. Its powerful 2WD car, 2 airbags only and especially in rain is dangerous to drive.

 

Sorry but I think your statements are unlikely at best. If a 16M loses 75K it will be just about 225 - 235K. That is only about 10 - 20 K above the average price for a 2007 spider. If you put that same logic to the SCUD, it will be below 190K, then the 430 coupe will be below or at about 100K and a 360 well below 50K. Thus, a 355 will be had for 25K or less, and a 348 or earlier car would be free or the owner would have to give you money to buy it. If you look at the CS, over 5 years it has perhaps lost about 30K - 40K. So, even in the current market, and a cost for the 450 that will be at about 350K, a loss of about 25K after a year for a 16M is probably what would happen, and even that is being pessimistic.

In the end, as all wise ones have said before me, you really should drive your car and enjoy it. It might depreciate some...but so what? Enjoy!

 

This is probably the best statement regarding this thread. The answer is no Ferrari is safe from depreciation.

 

First my comment specified in the first year, not per year in case there was any confusion there. Also I sold a CS last year, I currently have a 2007 Spider, and I'm thinking about a 2009 Scud so I don't have much reason to talk the market down; it would benefit me if values stayed flat or "only" declined $10-20K. Also a lot of these differences of opinion in price/value stem from different unstated conditions (like dealer/dealer or dealer/private-party or private-party/private-party turn-overs, sticker vs market value, base price vs sticker price, average over model years or specific model year, etc), so it's helpful to be specific.

I believe 16M's are about $320-330K typical sticker; so it would not surprise me to see that I could only get out of a 16M for $260-280K with a year and a few miles; but that's speculation since nothing has happened yet. However, I base that on the pattern that we are now hearing that $280-300K sticker Scuds are selling for $250-270K with 1-3K miles, dealer wholesale is maybe $10-30K below that (depending on how much the dealer wants to help). Note that while some Scuds sold for sticker to good customers, a number also sold for a market premium of $50K or more over sticker, also 2009 Scuds are $10-20K higher than 2008's. BTW - some people talk about decline in values from sticker, I think decline in values over market price is more realistic, where the premium value granted to the customers that bought them at sticker (below market price in the dealer and preferred customer gold rush days) was paid for some other way (loyalty, trade-in, cooperative flipping, etc).

Based on this, I am now expecting that getting into a Scud will cost me $50-75K in the first year and possibly a cumulative $80-100K by the second year. During that same time, a $160K CS (which I agree is about right today) will probably be $140K and a Scud will still be $60-80K above a CS. For the comparative values and performance, that seems about right to me.

As far as 2007 Spiders, typical stickers for 2007 Spiders ran about $220-250K (and market premiums of $30-50K still existed in 2007), I see listings at $180-190K for 1K mile cars that aren't moving; and I know that brokers were offering $170K or even less a couple of months ago. As far as compression in price tiers for models below the 430's, I suspect that average differences will get squeezed to some extent and prices will drop to some extent; but I don't pay much attention to them, so really wasn't commenting on them.

As a reference point, look at other convertible special editions - Barchettas and SuperAmericas; they haven't held up well after their initial 1-2 years.

Perhaps, I'm being pessimistic, but my point was be pessimistic and you can only be pleasantly surprised; be optimistic and you might talk yourself into something you'll regret.

 

The "I don't care how much I lose" mentality is for liars or the inane. If you really don't give a rats arse about the money, then hand over your F-Car to charity, let them sell it, you get zip (except for a tax write-off) and you get to lose a whole chunk of money.

See anyone doing that?

 

Depends on what you have and what you can afford to lose. Then there are those who cannot afford it but finance it all anyway.

I think there is no yes or no answer as it depends on the individual's motivations for owning a ferrari. One guy may want to get *****, one might want it for the track, one might be a collector, one might have nothing to spend money on apart from cars.

Some guys do care about depreciation and some could not care if they wrote it off without insurance they are so rich.

My personal take is I expect to take a hit but would not like to take a hit from new so I usually buy cars a few years old.

 

the car is only as safe as the experience the driver has behind the wheel to control it! ...the factory where they hand built designed it to be a street racer out of the box, for the public to be able to enjoy ? is made safe in their idea of a well built car ... the fact that we can enjoy this amazing machine that some one built is Awesome in it's self ...everyone should have a chance no matter their income buy it, lease it, rent it, borrow it, doesn't matter .we only go round once on this planet enjoy all you can....this is coming from me a stoked new owner who can't believe he actually owns one
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sort of reaching in that argument.

nobody is saying that they want their $2XX,000 car to be worth less, but they realize that its part of modern Ferrari ownership. They would rather spend their time driving the car than worrying if an extra mile or an extra rock chip is going to hurt resale.

To me, its the "who are you saving it for" argument. I don't buy cars to think about what the next buyer wants. If I love purple, I'll buy a purple ferrari even if it takes a hit on resale because I bought it for ME.

If you are looking for investments, 99.99999% of cars are not a good place to search