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TRADE IN value for the F430

Discussion in '360/430' started by jl13, Nov 17, 2007.

  1. jl13

    jl13 Rookie

    Nov 17, 2007
    7
    Hello everyone, i am new to this forum, I am wondering how much is my car worth now. I bought the 430 coupe last july, and want to trade it in to the dealer for another ferrari, thinking about the 430 spider. It is a 2006 F430, red on black, has around 4000 miles. Any one here knows the ferrari market really well and would know about the realistic TRADE IN, not retail, value of the F430, so I will know what the approximate trade in value is for my car if i decided to trade it in Thank you in advance!
     
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  3. Bavarian Motorist

    Bavarian Motorist Formula Junior

    Apr 10, 2007
    940
    Westchester/NYC
    Full Name:
    Mike
    You could simply ask the dealer. They won't bite your head off for that :) :D


    Anyways, is it F1 or 6-speed? Important option.


    I don't know how much profit they look to make, but it's probably at least $200,000 :)


    Good luck !!!
     
  4. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
    3,458
    potomac
    we need to know the options and esp if its F1..the dealer needs to make at least 15-20k dollars on the trade...depending on the options, an 06 coupe could go for 205-215k dollars, actually selling price..., so i would say 185-200k dollars unless the car is super heavily optioned......
     
  5. toggie

    toggie F1 World Champ
    Owner

    Nov 30, 2003
    18,453
    Virginia
    Full Name:
    Toggie (Ron)
    Since I also own a 2006 F430, I'd say "one billion dollars" (in my best Dr. Evil voice).

    I really don't know for sure, but I'll venture a guess.

    I suspect the dealer probably needs to make $25k - $30k on the transaction, so I suspect, for a 2006 F1 Coupe in like-new condition, the trade-in value would be around $180k - $185k. My hunch is the dealer would ask $215k to $225k for the car but settle for something like a $205k - $210k for the finalized sale transaction.

    Please post your actual trade-in offer if you find out I'm way off on this guess.
     
  6. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,732
    Nova Scotia Canada
    Full Name:
    Neil
    He would have to bring the car in for a true estimate.
     
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  8. spike308

    spike308 F1 Rookie
    Silver Subscribed

    Nov 8, 2003
    4,037
    Austin TX!
    Full Name:
    Mike Z
    I was just at LFSC... seems to be a lot of "sold out" F430's up for sale. They had at least 8 for sale.
    Plus, the cold hard freeze is setting in around many parts of the country... not exactly prime Ferrari sellin' time.
     
  9. Joe 575

    Joe 575 Karting

    Dec 18, 2005
    101
    So Cal/Carmel
    Full Name:
    Joe
    Having just done this, assuming daytonas, shields, carbon, sound system and perfect condition, $215M max. That is LA market.

    You will probably do better consigning the car and and making a deal on the new one.
     
  10. 410SA

    410SA F1 Veteran

    Nov 2, 2003
    8,391
    West Coast
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    A
    $215K wholesale value?! I don't think so. I'd imagine a well optioned 430 (steel brakes) will fetch no more than $180 from a dealer as a trade
     
  11. lapeter

    lapeter Formula Junior

    Jun 13, 2002
    885
    SunValley ID&Kapalua
    Full Name:
    Al LaPeter
    I think the value will be relative to original MSRP. I think the 430 market is, like everything else, softening up. I think retail in most parts of the USA is max 5-10% over MSRP. I think trade is max 5-10% under MSRP, assuming the dealer is not hiking the price of the car being bought. I know that dealers NEVER do that.
    Al
     
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  13. cove26

    cove26 Formula 3

    Nov 13, 2007
    1,099
    CT
    Full Name:
    Mike
    Your best bet, I agree, is to consign the car or have a broker sell it for you. There are plenty of people now looking to purchase a 430 that you could get more than if you were to trade it in.

    Mike
     
  14. Bavarian Motorist

    Bavarian Motorist Formula Junior

    Apr 10, 2007
    940
    Westchester/NYC
    Full Name:
    Mike
    Isn't it better to sell the car back to the dealership to establish a relationship with them? Is it true that if you don't sell the car back to them or try to flip it for a higher price that they will blacklist you and not sell you a car again?
     
  15. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,732
    Nova Scotia Canada
    Full Name:
    Neil
    Establish a relationship? A relationship with a store? That's just a marketing tool. And it's not called "flipping" when you own it for nearly two years, a lot of people trade their cars in between the 2nd and 3rd year.
     
  16. jl13

    jl13 Rookie

    Nov 17, 2007
    7
    Thank you for the quick response. My 430 coupe is a f1 transmission. Most of you seems to agree that the trade-in value on the 430 is around 180,000, then why are the people on autotrader, dupont, or ebay are trying to sell it at 230ish? So people can buy a 430 f1 coupe at around 200,000? Damn, I bought it at 245,000. I own a lamborghini Gallardo too, and they hold up a LOT better.
     
  17. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
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    Franklin E. Parker
    Because trade-in is whole sale value whereas Autotrader, Dupont and Ebay are owners seeking retail value for their cars...
     
  18. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,151
    HAHAHAHAHAHAHA. now we know you don't own either one.
     
  19. 1ual777

    1ual777 Formula 3

    Mar 21, 2006
    2,431
    Orange County, CA
    The reality is you are going to lose some money on the car dealing with your 'friendly' dealor. But if you try and sell it on your own, then the hit will be smaller. Of course that way you will not be able to maintain that 'friendly' relationship with your favorite sales person and his employer; i.e. they willl not be able to make $20-$30K off you in each transaction.
     
  20. SGM

    SGM F1 Rookie
    Silver Subscribed Owner

    Sep 27, 2006
    2,651
    Northern VA
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    Steve
    +1....224 Gallardo's for sale right now on Dupontregistry.com. They are probably depreciating more than any other exotic right now.
     
  21. jl13

    jl13 Rookie

    Nov 17, 2007
    7
    No they don't. I used to own a Gallardo, sticker at 199999, bought it 10g off sticker. When i traded it in, they gave me 170,000 for the car.
     
  22. jl13

    jl13 Rookie

    Nov 17, 2007
    7
    And i won't be able to retain my tax credit.
     
  23. jl13

    jl13 Rookie

    Nov 17, 2007
    7
    Out of every cars that i had, Bentley is by far the worst one. I remember that when i had my white bentley, I bought it at 179000 and when i went an trade it in, they gave me 145,000, this is within 6 months and with less then 4000 miles.
     
  24. Kds

    Kds F1 World Champ

    Who deleted my post ?
     
  25. Bavarian Motorist

    Bavarian Motorist Formula Junior

    Apr 10, 2007
    940
    Westchester/NYC
    Full Name:
    Mike

    From those that I've talked to, this seems to be the best course of action if you want to be on the list for future Ferraris...


    It might not 'pay' per se, but it will pay when you want that last F430 spider allocation I guess.


    Then again, the OP already got screwed by paying $245,000.
     
  26. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
    3,458
    potomac
    Is 245,000 including taxes and tags...because thats very high for an 06 F1 coupe...you must have every option with full carbon everywhere and cc brakes, racing seats etc....for an $210k msrp car, i would say wholesale would be 185k-190k......
     
  27. Meister

    Meister F1 Veteran
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    Apr 27, 2001
    5,447
    Duluth, MN
    Full Name:
    The Meister
    Hillary
     
  28. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,447
    Duluth, MN
    Full Name:
    The Meister
    When you say "white Bentley"... I assume you've had more than one....along with many other cars.

    Here's the problem I have... by your posts you've been talking Lambo, Bentley, Ferrari and throwing around the cost of each, trade in #'$/flipping....you seem more like a car raper than a car lover.

    Fill out your profile, become part of the community.

    Sorry, I get tired of the attitude when guys buy (multiple) $200K+ cars and then complian about a loss of a lousy $30K.

    Welcome ;)
     

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