Need help pricing a 430 Scud in today’s market

I like your starting point. We have seen high mile cars sell for that recently, so in essence you are trading lower miles for a branded title. I might be inclined to price it at $149,900 and leave yourself some negotiating room.

 

i think that's very reasonable

 

That's beautiful!

 

Staggeringly. What a car, and at a price at which you wouldn’t feel guilty about using it. Good luck OP

 

Having recently purchased one and following the market for many months, that starting point seems fair.


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What car are you replacing the Scud with?

 

Damn. I probably should have bought this one LOL! Oh well, at least my title is clean (that's about the only thing though LOL!). Good luck with the sale!

 

Nice to see Thomas’ (original owner that sued) old car still alive and kicking.

Unfortunately, a branded title is always going to make it difficult to price and sell within a predictable window of time. If you aren’t constrained by a timeline, then you could aim for higher, but sounds like you need to unload relatively quickly and time always screws things up.

You’ll be looking for a pretty rarified type of buyer, like the one who bought the fleet rental Scud in awful condition off BaT...they’re out there, just rare. I bet had he seen your car before the one he got off BaT, he’d be all over it...he paid pretty much the same price as your asking, but as the car was in poor shape, he’ll ultimately be spending more in the end and also irrecuperable amounts of time. If someone offers anything even close to $140k, take it and run.

Good luck!

 

Guys, I’m right here, ^. ( I can hear you lol!). And for the record, I’m pretty sure the “rule of thumb” for a “salvage title” is 50% of fmv. I’m sure this one is worth more since it is not a true “salvage” but I agree, it will take a special buyer.

 

Not to speak for Scott (he does a fine job of that himself of course), but the track-rent-a-scud sold for $123,500 on BaT with fees included, not "pretty much the same price as your asking" of $145k. (at least for me, $22k is not nothing)

So $140's range for this car makes sense as (imho) a premium of at least that much is warranted given the work/cost needed to bring that BaT car to the level of this one.

If I owned this car, I'd price it at $149k and document its known history (the pluses) and the factory take back thoroughly. It really does sound like nothing to worry about and a "flesh wound" to the title alone (but *prove* that in the associated ads/documents so that everyone sees it). Too bad us humans are wired so funny on this stuff...in reality this car is *physically* worth no less than any other 13k mile similarly equipped scud. The fact that the car had electronic gremlins 12 years ago, that were clearly properly addressed by Ferrari factory/NA/Dealer is less worry in the history than many 12 year old Ferrari's given the usual lack of historical maint records that these cars mostly come with. But the "paper" with the car says that happened and now its stained and worth less? Silly of course (but true, I know).

Last comment, rather than compare to the 'beat up' track car that has needed loads of work and has loads of miles, I'd work backwards from a 13k-mile same equipment scud and deduct for this 12-year old issue that was remedied. What's the going rate for such a car without the lemon buy back event? 180k? Then take off how much? 20? 30? 40? Really, 40? Hmmm...or is a "clean title" 13k scud not worth 180 these days?

Anyways, if you can establish some comps of "clean title" cars and then market this one as "save $25k or $30k or whatever over the clean car and know this one comes with full documentation of what was wrong and who/how fixed back in 2008". Anyways...that's what I would do. Comparing to the Las Vegas rental car is imho the wrong place to start (presuming this car here is in great condition and has a great history documented aside from the lemon buy back).

 

A clean titled silver Scud with 13,000 miles is not worth 180 today.

I put it closer to 155-160.


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I've been following the market for the last month as I'd like to get one soon and I notice that most Scuderias have been sitting for a very long time. I haven't tracked too many since I only started recently but on CarGurus alone, half of them have been for sale for 30-60 days and the other half over 180 days! Those are incredibly high numbers which to me suggest the market isn't paying close to asking.

I forgot to mention the ones over 180 days are mostly over a year actually. Kind of baffling.

 

@arizonaitalian You basically said what I said in case you didn’t realize it...”Scott” has the good fortune to be talented in DIY and mechanical know-how so he doesn’t have to bust open the wallet wide open to get his car into comparable condition...anyone else would’ve had to spend “$22k” easily (at minimum!) to get that car even back to decent oem condition (simple parts & labor).

So ya, $145k is comparatively fair and accurate right?

And to the tire kicker quoting from “car gurus”, who the hell uses car gurus to benchmark actual sale prices? A red 09 in my area w 8k miles in my area just sold for 195k at the dealership a few months ago just before the pandemic hit, and I have many other actual sale figures more recent than “a year ago” to prove that pristine red 09s are selling in that range.

I swear every other year these guys just pop out of the wood work, smh...been on here for 10yrs, it’s like clockwork lol. It’s worse than those ppl back 10yrs ago who who never pulled the trigger just to save what? $20k? Pretty insane if you think about it...hope that 2k/yr has been life changing lol

 

I will say this...FM is absolutely correct. I would not say I'm a "talented" diy'er, but I am willing to get my hands dirty, I am patient, and I am good at researching issues and watching youtube tutorials! (and I have a garage lift which makes all of this 1,0000 times easier especially with that damn undertray!) If you are not any of those things then the car I bought would have been a pretty bad idea. But I knew (after alot of research) that I was "probably" going to be able to sort most of the issues (at least the ones that bothered me) with a MASSIVE investment of my own time (which has proven to be accurate) but not too much money out the door). There is no way I would have purchased the car intending to take it to a shop to sort everything that bugged me. It would have made no sense because Mr. Meat is right that I would have very quickly eclipsed the value of a nicer example. And, for the record, if there is a catastrophic issue that I can't sort then my gamble will not have paid off. But here is the thing...catastrophic issues can happen to any car (I personally know of a few "lower" mileage scuds that have also needed F1 actuator replacement/rebuild, so its not like it can't happen to a garage queen too, in which case you got a "double whammy" (high purchase price plus high repair bill).

I think the above car is a great deal at 150k ish. But it will take the right kind of buyer that has 150k cash lying around for a "collectable" model that most wouldn't want to collect due to the black mark. But, if you don't really care about that and truly plan to keep if for a long time, this car is a no-brainer. Give it ten years and I bet the "taint" of the lemon buy-back will largely be gone too. Good luck to the OP...its an awesome car.

 

Is this the car in question? Mileage looks a little different.

https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=559079797