Value of 2000 456MGTA ???? Help?

Cavallino Magazine, a respected magazine that publishes a price guide for all Ferrari models that purports to find actual selling prices, shows the market value range for the 1998-2003 456 M GT and GTA to be from $45,000 to $70,000.

Forza Magazine, another respected Ferrari specific magazine, just published a Market Guide in their May 2014 issue and that shows current values for the 1998-2003 456M of $50,000-$60,000.

Others on here are sure to have additional data points for you but the best way for a banker trying to value his collateral might be to call a few dealers and ask them for a price to buy a car fitting the description of your collateral. The bid/offer spread on these cars can be fairly wide.

BTW, Forza says that the value range in 2011 for that car was around $55,000-$75,000, so your client's price of $69,000 paid for it was consistent and within the range that Forza is reporting.

 

Aluminum body, not carbon fiber. Not that there's anything wrong with that.

 

Carbon fiber hood on the 456M. Rest of the body is aluminum.

 

I did not know that I'd love to have one for a year or two.

 

If you decide to call a dealer, ask your client who did the service work on his car and contact that dealer. They should have the records and know the condition of the vehicle. A lot of factors can adjust the value up or down. If your concerned you could have it appraised. You'll receive great advice here, but keep in mind, no one has laid eyes on this car.

 

I absolutely would recommend a thorough road test to make sure that the car actually works as intended and isn't just an inanimate non-runner with a seized engine!

Just curious, what is the loan to value guideline for an asset like a Ferrari?

 

Things that make you go hmmmmmmm.