Scud vs California resale

It's even more insulting that the Cali is a 2009 model. The only 2009 models were the ones that the dealers used a demos. I don't think the bugs had been worked out in the 2009s. All customer order cars were 2010. Why is it that LFSC seems to be the only dealer able to price the Scuderias below $200K. Where are they finding these cars? Ferrari of Denver is still asking $260K for theirs. Good luck with that.

I sold my Scuderia months ago and glad I did. I'm a buyer at $170K which may be here sooner than I thought.

 

If you look on Ebay, it pretty much backs up the pricing. Used Cal's -- even with some mileage-- are a bit over 200K and Scuds are all over the place from 199 to 229.

It has to be supply and demand.

 

but if you log on the inventory of that dealership they have a 2008 Scud for 229k figure that out

 

That's a nice 09 which can probably be had for $195k. It doesn't look a heavily optioned Scud though and lack of a stripe will only appeal to 5 percent of the buyers. Probably $295 window? Maybe less.

Lake Forest seems to be a dealer that buys their inventory (trades) well. Others have been sitting on cars forever because they're so upside down! Oddly, though, things aren't getting better and that attitude doesn't work for high end exotics like these.

 

Scud has already taken a big hit and Cali has yet to for some reason I can't figure out. Markets are not rationale but they are what they are. Maybe the simple explanation is that the Cali is a current model and the Scud is an expensive 430 derivative in a 458 market

 

If you measure the cost of each in terms of depreciation then I'm guessing the Cali is going to be much more expensive than the Scud over next 2-3 years. I don't think you'd lose as much money buying the Scud (because they've bottomed) as you would on the Cali.

 

Scud's bottomed out? Really?!

 

You have a fair point: there is no way of knowing how rapidly Scuds (or Calis) will depreciate from here but we do know that there will be some depreciation from now onward, the only question is the rate of decline (ie the slope of the line). As this slope becomes less and less steep, then at some point we could say the market has "bottomed".

As the initial poster stated, this 2009 Scud is selling at roughly 2/3 of MSRP -- a 33% discount in 1 year! It is hard to imagine the decline will continuing at this rate. Perhaps I should have called it a "relative" bottom. With Cali's selling at MSRP it is easy to see them having a more steeply sloped depreciation line...

 

The reality is that people are selling Scuds and not Calis to buy 458s, 2 totally different markets. Add to that the fact that Scuds were priced from the start with a real premium which has largely diminished.

Fact: I can buy a well equipped 2008 430 for 170k or a 2008 Scud for 190k- that is not much of a premium at all. Certainly nowhere near the original MSRP disparity of 230k vs 300k

 

There may be one other factor here. It's possible a lot of Scuds where bought by people speculating or believing they would hold their value longer than the F430. When prices fell, they bailed.

It's unlikely most CA owners bought their cars for the purpose of reselling it for a short term profit.

 

That would certainly explain the absurdly low miles on some of these.

 

Bigger pool of buyers for the Cali. But eventually it will be worth less..much less than a scud.

 

not forgetting just about everybody who had a Scud, sold it for a 458

 

To expand on this, I think this quote from user "of2worlds" in the "Scud for $186k" thread explains the low mileage phenomenon: it is an artifact of Ferrari owners' mindsets during the boom years:

 

What happan when there less and less Scud out there it true most Scud owner traded there scud for the 458 and took a big hit after that done and the scud are sold off to someone else what then what happan when all those scud are bought out and taken over what the price of this scud going to i don,t know you guys tell me, I,am putting a Deposit on a Enzo for 2012 forget the 458 scud that I had plan for the way the 430scud price took a dive after a year why bother Enzo is the way to go buy high and it will stay high ,

 

That's the best theory I can think of. I happened to be looking at cars.com yesterday and it seems like every 430 owner except me is trying to sell their car, especially scuds. But there are not very many Calis for sale. Nevertheless, it seems pretty wierd that used Calis and scuds would be priced the same. I think that will change over the next 12 months as more Calis are produced. It does seem to me though that those people who criticized the Cali when introduced were wrong. People are buying tham and keeping them. Good resale should help fuel new sales as well.

Dave

 

I know many Southern California Scud owners, and none (that I'm aware of) have traded for the 458. From my perspective, most owners get hooked on the edgy rawness of the Scud, and would not trade it for a more pedestrian 458.

Tim

 

The scud model is a tough sale-it's a 300k track car that people are afraid to track because of fear of replacement,maintenance costs.

it's awful to drive for long distances, only fun when pushed to the limit, and theoretically ridiculously expensive should you dare track your track car and break something.

It got a ton of praise when first launched- and many people (myself included) HAD to have one.

Now that the 458 does everything a little bit better then the scud and is way more practical--- there's a new flock to the 458 (again myself included).

As for Cali pricing----there is no rationale why prices are not lower. only thing I can think of is that people have not pushed the panic button to sell yet, but when the new must have replacement model comes out......rest assured these prices will spiral lower.

 

But remember the 458 is mass production car like the first f430 came out they made so many of them , the scud is one of a kind what a ferrari should look like, the sound the looks the performace the raw look of it, i drove my Scud all over the map also i have no problem with ride the scud also has a soft ride button to smoothing the ride also,

 

It funny they can sell new 2009 scud and not sell 2008 when they first came out ?? anyway it still a 2008 with 0- k or 1000 -k

 

Back in dec08 I begged and pleaded to buy that exact car from them. Pretty amusing that they still have it.

 

Scuds without stripes are stunning.

 

Firstly, I believe your example shows LFSC is more serious than others in selling their Scud. In my area, the 2 dealers have had the same Scuds for sale since the summer time. One has just begun to list their '09 Scuds below $200K. Will that get buyers into the door? Next year, as more 458's end up in the showroom, they too will fall in price.

Secondly, I believe Cali's have a different appeal and is targeted to a different clientele. I would argue that it has a wider appeal for the masses and as such, owners are holding onto their cars longer. The caveat is until the replacement comes out.