What will be the next model to go up in value? The 599?

Will it be next?
The Testa Rossa and the 550, have both made run ups, and then have fallen back to higher than where they started. Warm weather is coming. Values will strengthen.
I think it should be the 599. They are beautiful, fast, and in a price range that gives them room to move up. GTO prices are holding strong. There does not seem to be an abundance available. The only thing better in its class is the F12, and they are trading at $100k higher.
What do you think?

 

I vote 575

1) 2,064 made with less than 600 in the US
2) First V12 road car with an F1 system
3) First mass produced Ferrari to do 200 mph
4) Single Disc Clutch that no cars use anymore
5) Timeless beauty and lower production figures than 550,599,F12
6) Cheaper maintenance than many older Ferraris bc engine doesn't come out for belts( Lock & Swap belts is around $2,500)

People always say the 575 wont go up bc its got an F1 system yet manual cars trade for $300-400k. Ok in that same train of thought 599 GTO's, 360 stradale's, 430 scuderia's, Enzo's, and LaFerrari's shouldn't go up either bc they dont have manual transmissions either. At some point the 575 will get love, I have one and its honestly better than my SLR which is triple the price. The 575 is just an awesome car, I've driven the 599 and honestly if its possible to say it has too much power. In stoplight to stoplight driving you barely tap the gas and it wants to jump. It's an amazing car without a doubt but for your average non ferrari enthusiast go park a california T next to a 599 next to an F12 and they're all fairly similar to the untrained eye.....the 550/575 cars are distinctive and no other car in the lineup is even remotely similar looking. Plus longer term down the road all those computer components in the 599 are going to be expensive and costly. My 575 doesn't have all those screens in the dash that could possibly fail down the road.

 

Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Maybe everything will keep going up forever with only small corrections, who knows.

But here’s a few adverts from 13 - 15 years after the last crash.

 

Wow how long ago were all these?

 

One is 2006 I think, the other two 2003 or 4. Only yesterday.

 

Wow! so in 2003-2006 you could have had a 275 gtb for around $300k USD? Damn thats a tad more than a new 575 was at that time.

 

OK, so other than the GTO, what about the 599 is special? Really nothing, its just another car in a long line of good Ferrari V-12s. The jury is still out on them and should be the case for many more years. You mention the TR and 550. Both have more claim to being special, the TR because of its iconic place in the 80s and the last real production mid-engine V-12, and the 550 because it was the first of the return to the front engine V-12, and the LAST all manual Ferrari.

If you want an investment car, pick one of the others that you have called out. They are likely to see a couple of jumps while the 599 keeps depreciating slowly for awhile. And I'll take offense that either TR or 550 fell back to where they were 5 years ago. Think of true collector car value oscillation as a rising sine wave.

 

We will have to start history around 1998, and leave out the eighties and nineties.

 

I think the 599 is still way too recent. You'll need to wait for a few more years, IMHO.

 

Agree there might be spikes (positive or negative) like what occurred around Enzo's death, or the dot com years....but even the great recession did not reset values on true collector cars. My point is to define special, rather than just blindly look at production numbers. There are FAR fewer 348 convertibles than Scuderias (someone said this recently, surprised me)....but which would you want to add to a collection?

 

wow

 

Take something a bit rarer than a 348 Spider : 250 GT Lusso, 351 made, as Jose Mourinho would say, one of the special ones. (although I think technically he is the special one)

The dealer Paul Baber posted here that he bought 5417 which had been obtained by an individual using finance for over £600,000. He bought it for less than 10% of that figure in 1993. £55,000.

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Plus, its really interesting to see look back at the dealer advertisements from 1991-93. There are hardly any, and there are no prices. Everything is POA. In the private classified listings at the backs of the various magazines Ferrari are conspicuous by their absence. It jumps from Fiat to Ford.

 

Not by much (looked it up).....1,146 348 spiders worldwide. More rare than a Challenge Stradale even.

 

Wow good or wow bad?

 

And given that everybody !! would buy one today for 300, why were they not fighting over them a decade ago.

I know my own experience of selling the odd nice car is that “investment potential” had to be a player. You could advertise a car when they are very good value ie early 2000’s and the phone will be very quiet. And when the prices are high it will ring lots. And every buyer is an enthusiast.

 

That’s exactly what I’m saying about the 575, everyone says well they’re cheap thus nobody wants them but the reality tons of special cars were once cheap like 512bbi was less than $100k 10 years ago and look at it now. Low production numbers + awesome bodies + amazing engines are what make classic cars classic. The 355,360,430,458 are all gorgeous but their production numbers will hold them back more than low production cars in the long run.

 

308 GT4s..

 

The TR is not a V12 and the 575 owes a lot of its design to the 365 GTC/4 2+2, otherwise good posts. I agree that even the F1 575's could go up at some point.

I never even considered a pre-M 456 because the interior was such a turnoff for me. I feel the same about the 550 versus the 575.

I'd rather have a 599 than an F1 575 though. It's an amazing car.

 

The thing that doesn't get mentioned is these cars needed at least $200,000 worth of work to get to a strong 3+ category. Taking it to a 2 or 1 category required proportionally more dough. Ferrari never meant for these cars to last that long.

 

Aside from the SA and the GTO, a base 599 probably has another 20 years before it curves upward.

I think the best use of them for now is the conversion that Dr. Kita is doing with Fast Cars. SRS

 

Is this a six-speed conversion? For how much?

 

The 599 is a cool car. But damn..the thing is huge. It doesn't feel big behind the wheel, but it's about the same size as a 5 series bmw..if not a tad larger.

The handling of the car could be much better in Ferrari terms. The back end gets loose extremely easily. The car almost seems over powered for the chassis. I really don't see any collector value in the car, unless we are talking the GTO. I feel prices for them will continue to drop, and hit bottom in the 80-100k range (for higher milage exampkes) and sit there for a fair amount of time.

 

Howie you work on these cars, is it true that cars like the 599 will be tough to maintain down the road bc of all the computers in it? The dealer I bought my car from had one for around $20k more than I paid for my 575 and I wanted it initially and he told me it was going to be a difficult car to keep up with down the road bc parts would be hard to come by and expensive. Anyways when I drove it, like you said it was huge and it was really "too fast" if thats such a thing.

 

He is correct with that statement. I agree with him.