MECUM 360 Modena resale: $7K loss | FerrariChat
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MECUM 360 Modena resale: $7K loss

Discussion in '360/430' started by Alpintourer, Jul 26, 2014.

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  1. Alpintourer

    Alpintourer F1 Rookie
    Owner Silver Subscribed

    Jul 20, 2013
    3,858
    The Low Country
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    Dave Steven
    #1 Alpintourer, Jul 26, 2014
    Last edited by a moderator: Sep 7, 2017
    A 2003 Modena Spider in Azzurro California that sold at their Kissimee Auction in January for $77K sold in Harrisburg this afternoon for $70K

    SPECIFICATIONS
    Year 2003
    Make Ferrari
    Model 360 Modena
    Engine 3.6/400 HP
    Trans 6-Speed (F1)
    Color Blue
    Interior Black

    HIGHLIGHTS

    - 14,000 actual miles
    - Rare Azzurro California Blue exterior
    - 6-speed F1 transmission package
    - Dual power seats
    - Power windows
    - Alarm
    - All the factory Ferrari tools
    - Anol tire inplate
    - Clean Vehicle History report
    - New BF Goodrich G Force tires
    - Ferrari Scuderia stripes
    - Just 80 miles on major repair completed 1/3/14 at $3750 with receipt provided
    - Extra keys and remote
    Image Unavailable, Please Login
     
  2. ferrame

    ferrame Formula 3

    Mar 2, 2005
    1,196
    Orange, Calif
    #2 ferrame, Jul 26, 2014
    Picture shows coupe, not spider.
     
  3. ferrame

    ferrame Formula 3

    Mar 2, 2005
    1,196
    Orange, Calif
    #3 ferrame, Jul 26, 2014
    If it is spider, I think at $70K is really a great price.
     
  4. Alpintourer

    Alpintourer F1 Rookie
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    Dave Steven
    #4 Alpintourer, Jul 26, 2014
    It was a Modena Coupe NOT a Spider!
     
  5. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
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    Nov 29, 2009
    24,518
    Honolulu
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    Kevin
    #5 Kevin Rev'n, Jul 26, 2014
    I like the stripes too!
     
  6. BSU

    BSU Formula 3

    Mar 30, 2008
    1,012
    TX
    #6 BSU, Jul 26, 2014
    Beautiful color on a Modena
     
  7. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,156
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    Snike Fingersmith
    #7 GrigioGuy, Jul 26, 2014
    Yep, and the bidding stuck in the high 60s for quite a while. When you add buyer/seller fees it cost the buyer quite a bit more, and the poor seller ate the buyer fees the last time and the seller fees this time.

    Beautiful ride. I might have to go looking for it in a few years.
     
  8. English Rebel

    English Rebel Formula 3

    Aug 13, 2013
    2,158
    Piedmont Area of NC
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    Alan
    #8 English Rebel, Jul 27, 2014
    Love that color.
    Alan
     
  9. arizonaitalian

    arizonaitalian Two Time F1 World Champ
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    Oct 29, 2010
    20,507
    Wyoming
    #9 arizonaitalian, Jul 27, 2014
    what's the point of this thread?

    In my experience and observations, most owners - unless they sell it themselves with no broker or auction house or retail lot - *even if the car retains the same retail value* lose the wholesale to retail margin if they resale or at least pay the broker or retailer fee or auction fee. Losing 10%+ on a car that you resell quickly is likely par for the course or a bit better.
     
  10. Alpintourer

    Alpintourer F1 Rookie
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    Jul 20, 2013
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    #10 Alpintourer, Jul 27, 2014
    This is just another one of those "been for sale forever" blue 360's I mentioned in another post. Just interesting to note how it has bounced around quite a bit on eBay, Cars.com, Autotrader etc. since last year. Has it found a real home? Or will we see it pop up again? Seemingly nice car with reasonable miles and recent services. Sorry I don't have the VIN to reference.
     
  11. LARRYH

    LARRYH F1 Veteran
    Owner Rossa Subscribed

    Jun 3, 2011
    9,679
    virginia usa
    #11 LARRYH, Jul 27, 2014
    awesome color
     
  12. MARMIST

    MARMIST Formula 3

    Jul 1, 2014
    1,338
    #12 MARMIST, Jul 27, 2014
    I said it already and will say it again. Future is looking brighter and brighter for used Ferraris :D

    Unless Luca di Montezemolo decides to set the production limit to 5k per year. or even 4.
     

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