Where is the 400/412 Market REALLY at?

at the risk of nitpicking, it's a coupe, not a sedan...i think it's a saloon to the Brits.

regardless, now you have the Rain Man car (pending details) and the Risky Business car...

 

With regards to the state of the market, I know that a concours manual (stick-shift in US speak!) with 70k miles but immaculate has just sold in the UK for very close on £50,000 (slightly under $80,000).

The car is however a great example and was test driven recently in a multi-page Classic & Sportscar magazine feature.

After seeing the ad I called to enquire about the car and was told it had sold, the seller (a well known Classic Car Journalist) after some persuasion as to guage the potential value of my manual 412 told me it fetched around the £50k mark.

Coincidently and seperately I enquired about a manual 400i for sale which after some conversation turned out to be for sale by a friend of said journalist who told me about the 412 too - and verified the £50k sale price.

I have no reason to doubt that the car fetched this amount, I think this represents new interest in the model especially the manual/stick version.

 

............watching this thread with accute interest........

 

I´ve tried to read all posts in this tread to understand and I am a little confused.

Whats the problem with value ? If value is the main issue, buy art, diamonds, company pappers, properties or something else boring ..........

1
Either you want one of those cars or You don´t, thats easy ....

2.
Buy the best car You can afford, always the truth
It doesn´t matter if the car is 20kUSD or 40kUSD, You buy the one best for You

3.
Enjoy it, drive it ,use it as much as possible !!!!!

4.
Repair it if needs a repair

5.
Sell it, if You get bored... if You lose som money, whats the big deal ? How much money do we all loose on our new BMW, AUDI, Mercedes, what so ever. In Sweden You have to see a 50% loss for a 3 year period. Buy a rather simple BMW for 50kUSD, after 3 years You get approx 25kUSD. You never lose that money on an 365/400/412

6.
so .... whats the big deal ?
Its a undervalued V12 car from he 70-80-ties, with expensive spareparts and repairs, thats a fact........ buy with Your heart not with Your brain, the brain is fooling You



my car .......
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Looks just like mine! Oh but they've put the steering wheel on the wrong side. Thats unfortunate ; )
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hello friend ... hope You enjoy Your car as much as I do. Right now to much snow and ice but in the beginning of March i am planning to make the roads unsafe again.

nice car, mirrorlike......

 

Good day Ulf,

I, too, have read all of the posts and frankly I do not see the confusion. From my perspective, the thread starter was trying to understand where the market is for these cars. He obviously wants one and was trying to determine what is a fair price given all things considered (i.e. condition, model, market, geographical location, past sales, etc)... I never saw any of his posts about the car being an investment, etc or that he was/is conflicted with Ferrari ownership. He appears to be simply do some due diligence on pricing. That's how I read into the posts and if I am wrong, then my apologies.

The final conclusion... The market for these cars is too small, the number of vehicles sold is too small, and the conditions of the cars vary widely so a generally accepted valuation for these cars is very difficult ... only magnitude prices. In the end the value of the car (or anything for that matter) is what the buyer is willing to pay and the willingness of the Seller to sell.

BTW, nice car!

Cheers,

Sam

 

The problem is the resale value and future collectability of the car HAS TO be taken into consideration, and where we sit right now going into 2011 this particular series of cars has yet to be embraced by the collectors market. Now of course- if it is at some point- we'll all be kicking ourselves for not sticking one in the garage, but a lot of minty 412's that went at auction for $60K in the early 2000's are being resold in the $30K+ range now.





Please give me some more thoughts about the ...................................

"resale value and future collectability of the car HAS TO be taken into consideration"

why ?

You buy the car because You like it and WANT one. The "investment" is not that big and a lower resale value is possible but not a big deal compared to modern everyday cars, thats my point.

Of course it is nice to earn some money but it also cost some money to have fun and in the long run, a common carintrest over 30 maybe 40 years will almost certainly go positive


Drive safely over there, buy a Volvo ..

Ulf Rickard

 

I think you just need to get over the idea that you’re going to lose money on the car. With very few exceptions all cars lose value. Take the following eBay add.

http://cgi.ebay.com/ebaymotors/2006-CTS-V-Cadillac-LS2-6spd-Loaded-40k-miles-405-HP-/270693700860?pt=US_Cars_Trucks&hash=item3f069a14fc

It is for a 2006 Caddy CTSV. For those of you not familiar with this model of car it is a very limited production (about 3500 per year) car. It has a 400hp/395ftlb engine with a t56 six speed manual transmission. The car clocks the 1/4 in about 13.3 at 108mph. It also corners at around .99g. It is a serious performance sedan. The cost of this car when new was about 55k. The current auction has a buy it now price of 23k but has 6 bids topping out at 13.1k.

Go by a 365 or 400 5 speed and put a total of 55k into it. I would be willing to bet in four years you will be able to sell it for more than 13.1k.

 

you called me mant times in the past when there's a deal to be had Rock, why not that time ?

i'd love to see a $22K 412 with my own eyes and here that number come from the horses mouth...

why did you pass ?

 

why ?

maybe for you Jay, but not necessarily for everybody else...
and i guess it depend completely on what you drive everyday, wouldn't it ?

 

the reason i say that is because it seems that some people are prepared to lose a fortune on their '09 BMW over 5 years but 'sweat' losing a fraction of that on their 400...
that's just weird to me...i'd way rather drive a '02 Bimmer and have my 400 run like a dog on fire !

my 400 was a pseudo-daily ride for me from '02-06...cheap ? not really...
expensive by comparison to new car depreciation ? definitely not !

one of the coolest things about the 365/400/400i's is that they're the oldest Ferrari's that you can genuinely drive daily...

 

Brett.
The Kelowna car is in my garage just down the street in Bolton. I'll come up and show you the car when the weather warms up again and the roads are clean. When you will see the condition of the car, especially the "as new" bottom side, I thought it was an absolute steal. I bought it sight unseen and only from a few photos and a conversation with the owner over the phone. took about 5 mins to decide on the purchase.. Guess i was lucky or it was meant to be but i know a good car when i seen one. I would have payed $60k as there was one in Quebec also at the time but the seller was snobish.

Regards, Robert

 

fantastic Robert, i can't wait to see it in person because it looks gorgeous in the pic or two i've seen so far...we'll go for a blast on my favorite route before we have a beer !

was the Quebec car an '81 5 speed, medium/light blue with a tan interior ?