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when will 430's crack the 100k mark

Discussion in '360/430' started by Oengus, Oct 3, 2009.

  1. Oengus

    Oengus F1 Veteran
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    Sep 29, 2004
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    I was discussing this with my brother in law, we are both in the market for a 430 coupe.
    Im thinking early next year as the economy sputters we will see some 430's under the 100k mark.

    No flames please just looking for other opinions. :)
     
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  3. hifipj

    hifipj Formula Junior

    Sep 26, 2009
    402
    I have been thinking the same thing. It's pretty close now, as high mileage (22-30k) 2005 coupes have sold from 100-110k. There was a Yellow F1 with, I think, 31k miles that sold a couple months back on eBay for around 105k. And there is a very clean yellow F1 coupe with 22k, currently for sale with no takers at 112k.

    So in the winter, there may be the first sub-100k 430s, but they will definitely be the lower end of the scale (higher mileage, not most popular color combo, etc.). Unfortunately the combo I want - red/tan with 6-speed - is hard to find and always more expensive!

    Patrick
     
  4. Oengus

    Oengus F1 Veteran
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    Patrick

    SCC has an 05 red/tan 5 speed with challenge wheels for 120k. I talked to them about it, they would come down a bit on it. Nice looking car....
     
  5. cove26

    cove26 Formula 3

    Nov 13, 2007
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    What is considered as "a bit" with regards to SCC coming down? I am in the market for a 360 but may upgrade to a 430
     
  6. Oengus

    Oengus F1 Veteran
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    call Jim Lyons and ask him.....
    PS....sorry its an 06....my bad.
     
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  8. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
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    I assume we are talking about higher mileage 05 coupes..are we saying the current price range is 130-150 $k... If we assume the economy stays slow well into 2010 as many experts are predicting, and as the the 458 comes out in 2010, there will be increasing downward pressure on 430 prices. However, also keep in mind that Ferrari is a very powerful brand and relative to the volume of cars there is still a strong demand for 430s...$140k for a 430 coupe is a great deal for an amazing car!! So I would say at most we will see 10% drop in 430 prices in the next 6 months , which puts us at 120-135k for a clean 05 with some miles on it...just a long winded quess!!!!
     
  9. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
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    Wow, have prices fallen this much the past couple of months??? I stand correct on prediction....if prices fall any more, I will HAVE TO buy that 430 spider....
     
  10. Oengus

    Oengus F1 Veteran
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    sorry its an 06 :)
     
  11. TM328

    TM328 Karting

    Jul 26, 2004
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    Selling prices are significantly lower than asking prices. 430 price drop is not limited by production #'s, collectibility or general demand. In fact they have none of those qualities right now and probably never will. In the F car world they are the most common and a spectacular 2000Mi car is not too different from a nice 15000Mi car.
    All indicators point down. But depreciation %'s are still better than any high line car, so no one can really complain. For enthusiast, there is hope that modern Ferrari's are attainable at a fair price. The 430 is going to be the best deal in the modern F car line up for a long time.
     
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  13. carcommander

    carcommander Formula 3

    Sep 28, 2006
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    I have an 07 F430 coupe red tan. I can easily do it, but it is hard to think about putting 100K plus with it to go to something else. In exotic land it is a great value and fun to have.
    I have had it for 2 years and still enjoy looking at it and driving it. I too think as Ferrari's go it's a great value. I am on the list but doubt I will upgrade to a 458 or Scud or 599. If I had a 360 I would probably sell it and buy a 430 though.
     
  14. hifipj

    hifipj Formula Junior

    Sep 26, 2009
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    Oengus-

    Thanks! In fact I have been watching that one for a while; in fact for how long I've been watching it and thinking about pulling the trigger on it, I'm surprised nobody else has snatched it up. And it is higher than a few other 20-30k mile '05 coupes I've seen, but they have all been non-red and F1, which I don't want. Red/tan 6-speed does something to me on a hormonal level.

    (And I must add, that I owned an '87 Testarossa for 6 years in Black/Tan, loved that color combo, and absolutely HATED the TR in red and would have never bought a red one! Funny how time or age changes us.) There were days, in winter when I wasn't driving it (used to live in East Lansing, MI area), when I would just go out into the garage with a cup of coffee and marvel at its beauty. That's how I feel about red/tan in either a 360 or 430.

    Patrick
     
  15. charliebronson

    charliebronson Formula 3

    Dec 5, 2004
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    My guess is spring next year (2010).

    -Peter Oh
     
  16. DerWebMeister

    Aug 21, 2007
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    Timothy
    Ragardless of the amount of depreciation and economic pressure, the 360/430 will always be the benchmark of quality for Ferrari in modern terms.
     
  17. Carnut

    Carnut F1 Rookie
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    I never try to predict pricing, but there are a lot of cars on the market today priced in the 100K range, and in my opinion, a lot less buyers. If things get worse, there will even be less buyers.
     
  18. drew138

    drew138 Karting

    Jul 31, 2006
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    This is the smart move. 360s still doing OK but you could trade up for 35k and get a lot more car. Regular 05 430s for below 100k are probably 2 years away, at best, maybe longer. 360s only recently started to dip below 100k mark and that was 2-3 years into the 430 cycle.
     
  19. hardtop

    hardtop F1 World Champ

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    I suspect there is a long line waiting for sub 100K 430's. Don't hold your breath.

    Dave
     
  20. PogueMoHone

    PogueMoHone Formula Junior

    Oct 3, 2004
    327
    If the world doesn't go to "hell in a handbasket" the F430 values will rise, especially the Spider.

    The replacement is a ways off (and availability uncertain), and the the level of improvement subject to discussion..so the tried and true will retain it's position.

    Now if Ferrari builds the the F458, in F430 quantities, then just go straight to the F458 because they will be everywhere, in this economic environment.

    However, it seems to me that Ferrari has to do two things with the F458:- 1) establish the market and 2) reestablish the market for previous models.... compounded by the new California so no easy task.

    If they don't, any way you cut it the days of restricted waiting lists and "drive for free" are near an end, so Ferrari Dealers will be begging for Customers when the realities hit.
     
  21. hdpt00

    hdpt00 F1 Rookie

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    I would estimate there is a 0% chance of that happening.
     
  22. tbakowsky

    tbakowsky F1 World Champ
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    Sep 18, 2002
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    When the 360 hits the 60K mark...the 430 will be in and around 100k. Love it when a 300k car loses over 70% of its value...don't you??
     
  23. rimoore

    rimoore Formula 3

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    Call me if you want it. It's sure to go soon.
     
  24. Taximan1

    Taximan1 Rookie

    May 5, 2006
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    If 430's get to sub-100k. Then what will 360's drop to?

    50's- LOW 60's
     
  25. Oengus

    Oengus F1 Veteran
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    some 360's are already in that range...
     
  26. delta2210

    delta2210 Karting

    Aug 15, 2009
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    Ferrari's only real choice if they want to maintain their pricing ability is to build less than 1000 458's and sell them for at least $280,000, thus making it a collector car.

    The problem is that Italy, like most of Europe is a socialist state and laying off workers is not easy. They probably have a pretty big workforce after producing thousands of 430s and 360s during the good 'ol days. They are looking at laying off people or their brand will become as common as Porsche and BMW. Lambo will be the only exclusive Italian car.
     
  27. hardtop

    hardtop F1 World Champ

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    300K? My '05 cost 178K & change brand new. Paddle cars were mostly 190-210K. Even after 4 years and 16K miles, I can still get 110-120K. It will have to get down to 55K to be a 70% loss. If that happens soon, we will all have much worse things to worry about.

    Dave
     
  28. ttforcefed

    ttforcefed F1 World Champ
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    i wld estimate and even lower chance of it happening. Seriously, no way they go back up. theyre a dime a dozen and people with money are being taxed more, etc. wholesale on scuderias is under 200. they aint bouncing.
     

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