Any Ferraris £80k pipped to start appreciating?

[gizlaroc]

It is OK talking about these cars appreciating, but is he going to use it?

By that I mean, you buy a car for £80k and in 10 years it is worth £120k, and you think 'Wow! it has appreciated 50%!!'
But if you are using that it might cost you £4-5k to keep on the road each year.

These cars are great for appreciating when it is one of a dozen that does a couple of thousand miles a year, but you have to weigh up keep the ones on that appreciate well by how much they cost to keep mint vs one that is not depreciating but costs a lot less to run daily.

[hufggfg]

Lots of good advice here, but there are a couple of things that I don't think can be overstated:

- Supercars (and GT cars built by "exotic" manufacturers) cost a LOT to run. Please don't underestimate this. As someone said above £2000-3000 would be normal for a yearly service on a Ferrari, and expect to be having a £5000 one every now and again if something else pops up. Of course different cars and manufacturers are different, but make sure he does his research and goes in with both eyes open.
- Classics just add to this. The car that's 30+ years old is going to need more regular maintenance, will be more fragile, and likely have more expensive, difficult to source parts.

[mwstewart]

Mrs K said:

The car he sent a link to was a red 430 which my OH thinks is a terrible idea, primarily for depreciation...
http://www.ebay.co.uk/itm/Ferrari-F430-F1-Coupe-HI...

F430's have been appreciating slowly for some time.

[KFC]

mwstewart said:

F430's have been appreciating slowly for some time. Incredible cars that will only ever go up in value from here.[/img]

They are mass produced and crap in comparison to the newer model. There is no hope of these continuing to go up in value from here.

[mwstewart]

KFC said:

mwstewart said:

F430's have been appreciating slowly for some time. Incredible cars that will only ever go up in value from here.[/img]

They are mass produced and crap in comparison to the newer model. There is no hope of these continuing to go up in value from here.

Haha great post. Of course the new ones are all hand made

[McSam]

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...

Holy st. That. Without a shadow of a doubt. It ticks all the boxes better than anything else.

Glorious car, discreet as you could realistically get, easy to drive and live with, modern enough to rely on, and not likely to shed value.

An Aston may be a better fit for him as a driver/personality, but you'll not find a modern appreciating one that's remotely suitable for him.


That 599 is only two miles from me, I may have to go and perve on it this weekend..

[456mgt]

Schermerhorn said:

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.

Not at 80K though Tony, and not for the faint-hearted either. Easy to forget (or never know) how much automotive technology has moved on in living memory. Neither the BB nor the 250 are easy steers and I can see them pissing off someone who doesn't like cars to their core. Of those mentioned, the 599GTB is closest to the mark.

[McSam]

Actually, I just spotted some very handy evidence in favour of the 599, at the very same dealer..

[Mrs K]

McSam said:

Actually, I just spotted some very handy evidence in favour of the 599, at the very same dealer..

I will see what one he fancies
thanks - good findings

[Mrs K]

456mgt said:

Not at 80K though Tony, and not for the faint-hearted either. Easy to forget (or never know) how much automotive technology has moved on in living memory. Neither the BB nor the 250 are easy steers and I can see them pissing off someone who doesn't like cars to their core. Of those mentioned, the 599GTB is closest to the mark.

thanks!!

Edited by Mrs K on Thursday 29th January 11:26

[k-ink]

355 or more importantly the 575 - a V12 MANUAL will not be coming back!! Don't get side tracked into buying the latest and greatest.

[McSam]

Mrs K said:

I will see what one he fancies
thanks - good findings

Nice to have different options to look at when visiting the same dealer, but what I meant was we have a 2008 front-engine V12 Ferrari available for £80k, when its direct predecessor now ten years older still fetches the same money

[mikey k]

McSam said:

An Aston may be a better fit for him as a driver/personality, but you'll not find a modern appreciating one that's remotely suitable for him.

Cheapest one is £5k under budget and their prices have been pretty firm over the last year or so

http://www.pistonheads.com/classifieds/used-cars/a...



Quite a few in and around OP's budget, annual services are ~£1k with any good indie (loads to chose from) & pretty reliable mechanically

[Mrs K]

McSam said:

ice to have different options to look at when visiting the same dealer, but what I meant was we have a 2008 front-engine V12 Ferrari available for £80k, when its direct predecessor now ten years older still fetches the same money

Hi, yes i see what you mean. i am guessing they are comparable models for their eras?

[Soov535]

Mrs K said:

McSam said:

ice to have different options to look at when visiting the same dealer, but what I meant was we have a 2008 front-engine V12 Ferrari available for £80k, when its direct predecessor now ten years older still fetches the same money

Hi, yes i see what you mean. i am guessing they are comparable models for their eras?

Yeah.

You won't beat that 599GTB.

He must go into it with his eyes open though. They are expensive to run.

[KFC]

mwstewart said:

KFC said:

mwstewart said:

F430's have been appreciating slowly for some time. Incredible cars that will only ever go up in value from here.[/img]

They are mass produced and crap in comparison to the newer model. There is no hope of these continuing to go up in value from here.

Haha great post. Of course the new ones are all hand made

How they are built is irrelevant. They are still built in large numbers, and they're not a particularly good car in comparison to the 458. There is no way the entry level 430's justify a "only ever go up in value from here" comment. Its extremely unrealistic... though now I see you own one. I'm not sure if you're just trying to pump the price, or convince yourself

[phib]

To summarise !!!

Wanted Automatic, apreciating and easy to drive / no hassle and £80k

355 : F1 horrendous decent ones are £70-80k already
550 : manual only

430 : going down, easiest to own
360 : stable but not going up
599: going down
456 : cheapest but not really going up due to 4 seat ( expensive to run)

575 an option but again probably £70k + for a good one.

Not sure really any these are no hassle really and buy a bad one and £20k can go in an instant putting it right !!

You really have to have a passion for one of these imho

Phib

[Durzel]

McSam said:

ice to have different options to look at when visiting the same dealer, but what I meant was we have a 2008 front-engine V12 Ferrari available for £80k, when its direct predecessor now ten years older still fetches the same money

Not to nitpick but if the goal is to exit after 10 years with the same or thereabouts amount of money that you spent in the first place, I'm not sure I'd call that an investment. It would represent nice "free" Ferrari motoring, with the caveat mentioned previously that actually driving these cars will to most normal people be ruinously expensive.

[RobM77]

phib said:

To summarise !!!

Wanted Automatic, apreciating and easy to drive / no hassle and £80k

355 : F1 horrendous decent ones are £70-80k already
550 : manual only

430 : going down, easiest to own
360 : stable but not going up
599: going down
456 : cheapest but not really going up due to 4 seat ( expensive to run)

575 an option but again probably £70k + for a good one.

Not sure really any these are no hassle really and buy a bad one and £20k can go in an instant putting it right !!

You really have to have a passion for one of these imho

Phib

+
612 - I would say these are on the up from a dip a few months back. I did wonder if they'd go the same way as the 456, but it doesn't seem to be that way.

[Durzel]

KFC said:

How they are built is irrelevant. They are still built in large numbers, and they're not a particularly good car in comparison to the 458. There is no way the entry level 430's justify a "only ever go up in value from here" comment. Its extremely unrealistic... though now I see you own one. I'm not sure if you're just trying to pump the price, or convince yourself

I don't agree with KFC's way of putting it, but I do agree that 430s are only likely to go one way now.

If they went up at all from where they are now they would quickly be knocking on the door of 458s value wise, and with significantly more production numbers 458s will only come down (Speciale/Aperta notwithstanding), so 430 values only have one direction they can go. They aren't classics like the 355.

As much as I love 430s, I think you'd be hard pushed to find anyone who doesn't say that the 458 is several steps forward in evolution and wouldn't choose one if the price difference was negligible.