Is it time to buy an Enzo?

id be surprised if those are all legit ads. sounds like way too many to be on the market at the same time.

 

How many of them are legit? How many are duplicate ads? Personally, I would think that within 2/3 years after the release of the next supercar would be the most ideal time.

 

damn it still looks absolutely gorgeous ...

 

As good as the 599GTO is, it isn't an Enzo replacement. The Enzo is outrageous, like the F50/F40 were when released and still are. The interesting thing will be what the replacement "ferrari supercar" will be- if it's a twin turbo V8 or hybrid like the 918 there will be some that prefer the v12 of the Enzo. A friend has an Enzo w/custom exhaust and I don't think there is any way to replicate the sound of that car other than with a V12. His car sounds unreal....especially on cold startup in the garage -amazing!

 

well said. +1

 

Well I did buy one recently, but I think there is no rush... The car is now at its low point, similar to F40s ten years back... Not many people are asking for them and the price is softening...certainly not an "investment" at least until the new Enzo comes... If the new car is a 1500kg hybrid V8, then prices will pick up. If it is a V12, prices might drop further

At the same time you have to be careful as very few of the cars out there are "real" and even fewer are really nice, low mileage examples with no stories. An Enzo that is full of scratches, has a terrible interior and needs clutch and brakes, will cost a fortune to put right

I still think it is an awesome Ferrari and I just sold my GTO for it!

 

i think it will be imposible later to built some cars like an Enzo, so if it s a good time to buy
an Enzo my reply it's: Yes. Better today than later.

 

Interesting and valid thoughts.

But, conversely, there will also be some selling their Enzos simply to get the new Supercar. Some people simply want the latest & the greatest. This means there will be a significant influx of Enzos on the market just prior to the launch and during early deliveries of the new Supercar.

A word on Enzos available: many cars are available, and whilst there are indeed a few fake or duplicated ads, there are also a significant number of Enzos 'available' that are not even advertised.

To the OP in answer to the thread's title: not yet, if you are looking for good value. Wait a bit and I believe they will be even better value.

 

If the decision to purchase an enzo is financially motivated, then I still think there is time to wait yet. Although I don't think they will drop too much in the near future ( there will be no half price sales anyway). Of the 40 or 50 cars which have been mentioned earlier I doubt most of them as being physically for sale more along the lines of the owners testing the market.

However if you have always wanted one and are in a position to purchase one then the financial side of things shouldn't enter into the equation. Although now is a time when the purchaser can be choosy over the right car, on both price and colour etc. Although I think prices will dip a little after the launch of the next model, I think there may be more offered for sale then which may force some owners into a lower than expected price, and more selection for genuine customers.

Just my 2 cents worth.

 

it is always the right time to buy an Enzo

 

Was just thinking the same thing.

 

Yep, I would be upset if I could have had one all this time.

 

Congratulations sir! Beautiful Enzo! I too will be in the market for an Enzo next summer. I am always on jameslist.com seeing which ones are for sale and how much they are asking. Plan on moving to the French Riviera permanently so the Enzo will fit right in.

 

Gentlemen i am looking for a euro spec Enzo with sub 2000kms in perfect condition and one owner and proper no story history.
I am familiar with the obvious candidates. (many Jameslist etc cars are not what they seem).
Any thoughts or leads would be appreciated?

 

Congrats. The 7-10 year delay in purchasing one reminds me of the McLaren F1 as well. People (buyers) will be "over it" with the car since it was out for about 7 years or so and prices drop. They think the next thing will be better so they figure they'll wait for that...until they realize how special the car really is and then the prices go back up.

 

one for sale at loris kessel lugano.

 

FERRARI Enzo FERRARI Enzo
Colore esterno rosso
corsa / Interno
Nero Coupé 7.2004 rosso 2'050 km CHF 1'400'000

 

Time to buy Enzo ????

Not yet.

It will be ok after all 599gto delivery and after Enzo successor.

 

The time to buy an Enzo is when you want and can afford one. Enzo's will never be an investment. Look at F 40's. In 20 years they've gone from 425K to 425K. Twenty years ago a dollar was worth a lot more than it is today so investment wise they've been poor.

The only value in owning an Enzo/F40 is in the enjoyment you get from owning it.

There are a lot of Enzo's for sale today and many of them have been for sale for a long time.

 

True but in 1990 some F40s were sold at around 500k€ (the Mansell one for example) and in 1999 my father sold its F40 Michelotto GT at around 170k€...and now that car worth 400k€. So we can say that for a few lucky guys F40 has been a really good investment.

 

For every sale there was a buy so the net profit from all buys and sells was zero as the price remains 425K today as it was 20 years ago. Some did make money but other's lost an equal amount. Every seller thinks the top has come and every buyer thinks there's upside but if over 20 years the price remains the same then it was a zero sum game.

 

I agree!

My father, even if he lost some money (he paid his new F40, around 380M of old italian lires, so around 200k&#8364, raced his F40 around 30 times. The souvenir of those three italian GT championships, that's best investment he ever made!

 

Jim: You are right about F40s & Enzos being a poor investment in an overall sense.

But in the case of the F40 perhaps we ought to clarify with the proviso 'for the long term holder who bought one in 1990 and still owns it'. As you know, in between the original list price and today's price, there have been several spikes, the first being around 1990/1991, and the next occurring around 2007. In the first instance they went up to well over a million, and in the second we saw cars exchange at around $600-$700k. In the first instance, I know a local fellow who made almost a cool mil selling his F40 he bought at list price for $1.4m. In the second instance I am all too familiar with someone who sold a number of them accruing enough to put all his kids thru college. So, as the old adage goes, its all about timing, and like any asset you have to know when to buy and when to sell if you want to make a profit. Doubtless they will go up again simply because of their iconic status, but your overall premise remains true in that if you are not in the business of buying & selling them, you had better chalk ownership down to a matter of the enjoyment you get out of one, especially when you consider what it really costs to truly maintain one properly. I hope my thoughts make sense.