Any Ferraris £80k pipped to start appreciating?
Discussion
TimLambert7 said:
Why not buy a 2 year old V8 Vantage?
From what you've said it fits the bill perfectly (apart from lack of Ferrari badge).
Because my three year old one is now worth ~50% I paid for it From what you've said it fits the bill perfectly (apart from lack of Ferrari badge).
They are NOT stable or appreciating
An N400 is about the best Gaydon Vantage buy at the moment.
They are a lot cheaper to run than a Ferrari though!
Has he thought about an F Type?
If he’s not knowledgeable about cars this is almost ideal, here he can buy a new, desirable, fast, beautiful car and with a warranty.
http://www.jaguar.co.uk/jaguar-range/f-type/index....
If he’s not knowledgeable about cars this is almost ideal, here he can buy a new, desirable, fast, beautiful car and with a warranty.
http://www.jaguar.co.uk/jaguar-range/f-type/index....
RobM77 said:
How about a DB9? They're still quite exclusive, but there are enough of them around for parts to not be scarce now or in the future. It's a V12 and really spacious for touring holidays etc. It's pretty much for the perfect GT. If this guy isn't into cars he may not appreciate the difference between the DB9 and something like a Vanquish etc.
Much like the Gaydon Vantages prices are falling unless you find a Le Mans edition, the DBS is based on the DB9 platformknitware said:
Has he thought about an F Type?
If he’s not knowledgeable about cars this is almost ideal, here he can buy a new, desirable, fast, beautiful car and with a warranty.
http://www.jaguar.co.uk/jaguar-range/f-type/index....
That's going to depreciate massively though. He'd be far better off financially buying a Ferrari 612 and spending £2k a year more than the Jag on running it.If he’s not knowledgeable about cars this is almost ideal, here he can buy a new, desirable, fast, beautiful car and with a warranty.
http://www.jaguar.co.uk/jaguar-range/f-type/index....
Incidentally, the 612 is probably a good choice because they're the newest and freshest Ferrari GT available for the money we're talking about, the reason being their looks never quite grabbed people's imagination and the market reflects that. If you don't mind the looks, the 612 is probably better value than the beautiful 550 or 575, which could cost nearly as much for a car at least five years older.
This is the solution.
Will appreciate in value, bulletproof mechanicals, low (relatively) running costs and an absolute joy to drive.
http://www.pistonheads.com/classifieds/used-cars/p...
This would be my choice, no guarantee of it appreciating, but they don't seem to dropping much any more....
http://www.autotrader.co.uk/classified/advert/2014...
http://www.autotrader.co.uk/classified/advert/2014...
Needing an automatic is good news in the Ferrari market - autos are more common than manuals with the later models (like the 612) and definitely with the FE/RWD GTs. Autos are also often harder to sell on the secondhand market, so sometimes command lower prices, that all works out nicely 
gizlaroc said:
This would be my choice, no guarantee of it appreciating, but they don't seem to dropping much any more....
http://www.autotrader.co.uk/classified/advert/2014...
Wow.http://www.autotrader.co.uk/classified/advert/2014...
"Not too flashy", link is a bright red Ferrari.... ok then. 
430 prices could go up, but getting the right example in the first place, at the right time, is key. A £80k car with 21k miles bought from a dealer would, I believe, attract trade bids in the region of £65k if you drove it around the block and tried to sell it again.
I don't think that particular car linked would be a shrewd investment.
430 prices could go up, but getting the right example in the first place, at the right time, is key. A £80k car with 21k miles bought from a dealer would, I believe, attract trade bids in the region of £65k if you drove it around the block and tried to sell it again.
I don't think that particular car linked would be a shrewd investment.
RobM77 said:
From what you say I don't think any of the mid engined Ferraris would suit him. The front engined GTs (in release order: 456, 550, 612, 599, F12; the first three are within budget) have a much more laid back and mature persona (like Astons actually, which are the same layout - take a look at the DB9), although they're still pretty fast road cars.
One other thing is does he actually want all that performance from bespoke components in a large heavy GT body? The reason I mention those three things is that the running costs on a thoroughbred GT like a Ferrari are a step change from what he may be used to. Ferrari owners are pretty used to service bills in four figures, and often you can be talking £2,000 to £3,000 if it's a major service. Insurance is going to be expensive too, as are consumables such as tyres, and even the amount of oil that a big V12 takes. Parts too - from memory (so correct me if I'm wrong) a bonnet for a 456 is over £10k unpainted (although that is exceptional). PH is great for research, just use the search function, and also browse the member's 'fleet' section as some people keep full records of running costs.
This is sound advice OP.One other thing is does he actually want all that performance from bespoke components in a large heavy GT body? The reason I mention those three things is that the running costs on a thoroughbred GT like a Ferrari are a step change from what he may be used to. Ferrari owners are pretty used to service bills in four figures, and often you can be talking £2,000 to £3,000 if it's a major service. Insurance is going to be expensive too, as are consumables such as tyres, and even the amount of oil that a big V12 takes. Parts too - from memory (so correct me if I'm wrong) a bonnet for a 456 is over £10k unpainted (although that is exceptional). PH is great for research, just use the search function, and also browse the member's 'fleet' section as some people keep full records of running costs.
All supercars need looking after. So make sure he is aware that he will need a) a slush fund b) regular trips to see local dealer / indy and c) some possible large repairs in due course.
The older the car the more work its going to need to keep it in good condition.
Lots of F cars are going up in value, but on the flip side you have to spend a reasonable sum just to keep them on the road.
For example, 355s have cracking exhausts, body work cracks, belt tensioners, gearbox pumps, sticky interiors etc.
All are fairly common issues and once fixed you will just be on count down to when it next needs doing.
Cam belts are 3 years, so easy to plan for - things like exhausts you might get 2 years you might get 10 years.
In terms of £80k, you could buy most 80s/90/00s cars for this budget.
The older the more appreciation is possible. The newer the more reliable.
Its swings and roundabouts.
So for me, I would forget which car is going to give the "best return" and buy the car he actually likes and wants.
For me that's the 355. Or an F40.... slightly out of budget though.
The older the car the more work its going to need to keep it in good condition.
Lots of F cars are going up in value, but on the flip side you have to spend a reasonable sum just to keep them on the road.
For example, 355s have cracking exhausts, body work cracks, belt tensioners, gearbox pumps, sticky interiors etc.
All are fairly common issues and once fixed you will just be on count down to when it next needs doing.
Cam belts are 3 years, so easy to plan for - things like exhausts you might get 2 years you might get 10 years.
In terms of £80k, you could buy most 80s/90/00s cars for this budget.
The older the more appreciation is possible. The newer the more reliable.
Its swings and roundabouts.
So for me, I would forget which car is going to give the "best return" and buy the car he actually likes and wants.
For me that's the 355. Or an F40.... slightly out of budget though.
Anything V12 and classic.
I term 'classic' anything 30 years old and older; Testarossa, 512BB etc.
550 Maranello's have firmed up and have appreciated but not as sharp as people think.
I wanted to buy a Ferrari 250 GTE not that long ago as an investment. The cheapest were around £120k but still needed work doing to them; so a minimum £150k outlay.
Now I think they are nearer the £200k for decent examples.
It's not everyone's cup of tea but I love them
https://www.youtube.com/watch?v=9RUTjFlI_MI
Many 'non desirable' 250 models (like the GTE etc) were converted into 'genuine' 250 GTO replicas in the 1980s by specialist coach builders. Even these cars are now a minimum of £1,000,000 because everything used on them was genuine Ferrari OEM parts.
That's my advice - a V12 classic - catch them while you can.
I term 'classic' anything 30 years old and older; Testarossa, 512BB etc.
550 Maranello's have firmed up and have appreciated but not as sharp as people think.
I wanted to buy a Ferrari 250 GTE not that long ago as an investment. The cheapest were around £120k but still needed work doing to them; so a minimum £150k outlay.
Now I think they are nearer the £200k for decent examples.
It's not everyone's cup of tea but I love them
https://www.youtube.com/watch?v=9RUTjFlI_MI
Many 'non desirable' 250 models (like the GTE etc) were converted into 'genuine' 250 GTO replicas in the 1980s by specialist coach builders. Even these cars are now a minimum of £1,000,000 because everything used on them was genuine Ferrari OEM parts.
That's my advice - a V12 classic - catch them while you can.
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