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Why the massive depreciation

Discussion in 'Maserati' started by qball, Jul 2, 2006.

  1. qball

    qball Rookie

    Jun 22, 2006
    7
    Thinking of taking on a Gransport next spring when my BMW lease is up. In looking at leasing a Maserati, the deprecation kills the deal.

    Why the massive depreciation? From my research the cars are reliable, have great warranties. The only issues seems to be clutch replacement every 20K or so and possible early F1 pump issues. Maintenance seems to run $4 to $5k per year.

    Still, the cars seem to resell terribly low.

    Makes me want to seriously consider a low-mileage one-year old Gransport at a 25-30% discount.

    I am wondering if there will be decent deals on the new 2006 leftovers in the spring of 2007?
     
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  3. BULL RUN

    BULL RUN Formula 3

    Dec 18, 2004
    1,665
    The low resale is because there's too much mystery, not enough places for service, and doesn't fall into the mainstream herd mentality...which is a good thing. A low mileage year old car is as always the better financial decision.
     
  4. DeaneG

    DeaneG Karting

    Jan 26, 2006
    239
    SF bay area
    Also, at least in the late 1980's, Maseratis had terrible reliability. They have a long way to go to shake that reputation.

    I'm thinking of a new Gransport Syder myself. Not getting any younger, time for some fun - damn the torpedoes.
     
  5. Bryan

    Bryan Formula 3

    I believe the standard warranty on a Maserati is 4 years / 50,000 miles. A 2 year old car would be a good deal with much lower price due to depreciation and 2 years still on the warranty.
     
  6. Kewpie

    Kewpie Formula Junior

    Jun 7, 2004
    597
    canada
    Full Name:
    !
    if you check a month ago there was the deal on a $10k incentive on a 2006 GS if you sign up for their driving lessons.

    and yes, you can probably get a good deal on an 06 leftovers in 07 IF there are any remaining ones.

    you should enjoy the massive depreciation if they already depreciated for you and you got it at a good price.
     
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  8. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    14,220
    California
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    Ethan Hunt
    How is the QP value holding up?
     
  9. tbakowsky

    tbakowsky F1 World Champ
    Professional Ferrari Technician Consultant

    Sep 18, 2002
    15,615
    The Cold North
    Full Name:
    Tom
  10. RossoCorsaItaly

    RossoCorsaItaly F1 Rookie
    Rossa Subscribed

    Jun 9, 2004
    4,222
    90210
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    Kevin
    The majority of us on maseratiforum.net have minimal problems with the car. I had no problem with the leather on my 2002 that I used as a daily driver and to be honest I didn't have any problems.

    The 02 Spyder was more reliable than the MVP 360 so far and the Spyder was used daily whereas the 360 is not.
     
  11. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
    6,786
    NewRotic
    Full Name:
    Otto
    Massive Depreciation ==== World's most expensive parts supplier ------- Ferrari
     
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  13. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    47,427
    Texas!
    FNA way overpriced the car initially. In 2002, the couple was NOT a $90k car.

    As a result, dealers ended up dumping them by selling them at or below dealer cost just to get rid of them. This, of course, starts a downward spiral.

    In my case, about a year and a half ago, I brought a 2004 spyder with 8k miles for $65k. This was a car with a sticker of $104k that the first owner brought for $85k. After keeping it for 6 months, I sold it for $65k because I was concerned that it might drop another $20k in two more years.

    The sad part is that the current Grandsport is a $90k car. However, everyone is afraid to buy one because (1) Ferrari had to drop Maserati, and (2) the massive depreciation you mention.

    Dale
     
  14. Kewpie

    Kewpie Formula Junior

    Jun 7, 2004
    597
    canada
    Full Name:
    !
    the saddest part is there are people who believes the car is not worth the money because "Ferrari had to drop Maserati".

    if anything, the current coupe/spyder/gs were engineered and made with the strongest influence and association with Ferrari.
     
  15. 99355F1

    99355F1 Formula Junior

    Dec 13, 2004
    543
    Full Name:
    CG
    Did anyone here buy a GS when they first came out? (Late 04)
    Because the dealer was willing to make negotiation room on the Coupe and spy, but wouldn't budge on the GS. Paid 111.
     
  16. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    If you buy the Maser for the "right" price (ie, for a decent discount as most folks do), depreciation %-wise is not materially different than that of MOST other high end cars. Go buy an SL550 or 997 and trade it in a year later, there's some massive depreciation for ya too. Depreciation isn't that different from most BMWs, Porsches, MBs, Jaguar, AM, etc.
     
  17. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
    6,786
    NewRotic
    Full Name:
    Otto
    realistic they are in SAAB territory for Depreciation
     
  18. BJS

    BJS Formula Junior

    Jan 18, 2004
    287
    Central FL and SW MI
    Full Name:
    Brad Stephenson
    I think part of the reason for the large depreciation was the tie Ferrari/Masererati management created between Maserati sales and Ferrari allocations. Dealers were incented to move the Masers in higher numbers; in exchange, they could receive more allocations for the higher-profit Ferraris.

    The only way to 'force' more units into the slowly growing new Maserati market was to drop the sell price. In turn, that action helped kill the market value for used Masers.

    Good idea that had unintended consequences...

    My $0.02 (depreciated down to $0.01).
     

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