Have F430's bottomed out?
Discussion
PhilboSE said:
I've sold my F430 after 16 months of ownership and it's back at the same dealer I bought it from (and sold it back to), for more money than it was advertised for when I bought it.
On that single sample, prices are higher in November 2014 than they were in July 2013.
Similar experience with mine - so if you've spent the last 12 months deliberating on a purchase then you've just missed a summer of hooning for free On that single sample, prices are higher in November 2014 than they were in July 2013.
I think these cars are best enjoyed if their value/potential value isn't a prime consideration. The number of replies to this topic in anotherwise quiet form suggest it's quite an important aspect to ownershiip, which I suppose is fair enough, but it's also no doubt the reason why so many of these cars never get used properly. To drive them ~1k a year is just missing out on so much fun! If you're on the fence about one, get off and buy - you won't regret it
I think the prices have as good as bottomed out. My 430 coupe was bought from a main dealer and I sold it after two years at a loss of £5k which I viewed as pretty much the value of the two year warranty. My 430 spider I bought at a specialist and sold (to a main dealer) after a year at a loss of £1k.
To me that represents very good value for money motoring.
To me that represents very good value for money motoring.
so many informative replies, loving the fact that a topic gets replies, some car forums barely yield a single reply!!
For me personally I don't do a lot of miles per year, my factory is 11 miles of country lane from my home, I ride my Bianchi push bike or my CBR600 on dry days, but I'd make it a sertanty that I'd do more than 1k per year, I think the 1st thing I'd book is a trip to the home of Ferrari!!
I think all your replies have given me the confidence to make the move to a Ferrari, looking at whats on the market right now, there is a nice F355 with red/cream race seats, looks like a possible buy, also should I consider a 2009 grey F430 with 48k mile for £75k, looks cheap with its carbon breaks etc???
For me personally I don't do a lot of miles per year, my factory is 11 miles of country lane from my home, I ride my Bianchi push bike or my CBR600 on dry days, but I'd make it a sertanty that I'd do more than 1k per year, I think the 1st thing I'd book is a trip to the home of Ferrari!!
I think all your replies have given me the confidence to make the move to a Ferrari, looking at whats on the market right now, there is a nice F355 with red/cream race seats, looks like a possible buy, also should I consider a 2009 grey F430 with 48k mile for £75k, looks cheap with its carbon breaks etc???
dvb247 said:
also should I consider a 2009 grey F430 with 48k mile for £75k, looks cheap with its carbon breaks etc???
Not when you can buy a mint 08 with a third of the miles for same money no.The golden rule is buy on condition however miles and owners you can never change (legally) all else is doable bar accident history of course.
mwstewart said:
I think these cars are best enjoyed if their value/potential value isn't a prime consideration. The number of replies to this topic in anotherwise quiet form suggest it's quite an important aspect to ownershiip, which I suppose is fair enough, but it's also no doubt the reason why so many of these cars never get used properly. To drive them ~1k a year is just missing out on so much fun! If you're on the fence about one, get off and buy - you won't regret it
I think this reply is spot on. These cars are there to be enjoyed, but the drastic effect of mileage on values plays on many owners minds (including mine).The key is balance, I've done 1500-2000 miles in my first year of Ferrari ownership and don't feel I've missed out too much. Another consideration is that these cars like to be used, so I always ensure it's regularly taken for a drive and warmed up.
With regards to values, I can't comment on 430's but when I purchased my 360 Spider I had the option of buying a 355 Spider (also red) for almost the same price. I chose the 360, I would've been financially better off with the 355 as values have risen faster but I wanted the 360. If others are faced with a similar dilemma I'd say buy with your heart. Either way, 355, 360 or 430 are great buys and won't lose much money if at all.
mrdemon said:
Yes imo they are dropping, the later cars are 85k with low miles and 08
if the 458 drops then the top end of the F430 will drop.
entry level is what 65k now on the F430 in a wrong colour and higher miles 05 model.
Interesting. I'd accept 63 for mine and it still has a ferrari warranty. if the 458 drops then the top end of the F430 will drop.
entry level is what 65k now on the F430 in a wrong colour and higher miles 05 model.
Interesting discussion. I bought a 2005 Grigio/Rosso F1 back in September with only 12,000 miles on it. Almost perfect condition (normal stone chips that were repaired and some wear on the leather of the drivers seat bolster). I paid just over 70k for it and have been told equally that I overpaid / underpaid, it's the right colour / wrong colour, it's a garage queen, it's been cherished, I will lose money, make money, etc.
Bottom line is that I bought it because, to me, it is perfect. I look in the garage daily just to remind myself that I have a Ferrari, and I take it out every weekend - regardless of the weather! Every time I get inside my heart rate rises and each time I pull back into the garage after a ride along the twisting country roads around my village, my adrenaline levels are peaked and I feel great. That's why I bought a Ferrari, not as an investment (although of course one should never be foolish with hard earned money), but because to see the picture I had on the wall as a boy, now sitting in my hands, puts a smile on my face like few other things in life.
It's a privileged position to be in, but if you have the chance, grab it.
Bottom line is that I bought it because, to me, it is perfect. I look in the garage daily just to remind myself that I have a Ferrari, and I take it out every weekend - regardless of the weather! Every time I get inside my heart rate rises and each time I pull back into the garage after a ride along the twisting country roads around my village, my adrenaline levels are peaked and I feel great. That's why I bought a Ferrari, not as an investment (although of course one should never be foolish with hard earned money), but because to see the picture I had on the wall as a boy, now sitting in my hands, puts a smile on my face like few other things in life.
It's a privileged position to be in, but if you have the chance, grab it.
Edited by anonymous-user on Thursday 13th November 18:04
Im glad to hear you are enjoying your 430 and bringing that poster to life, its an amazing feeling to own a Ferrari and we are indeed very fortunate.
I have just completed the deal for mine and should take delivery next week complete with new clutch, replaced manifolds and ball joints sorted out.
2006, F430 Spider, red with cream leather and carbon dash, 14,700miles and just had its annual service carried out.
I can't wait to get it home hopefully by the end of next week and will be a great stable mate for the F355 Berlinetta. I don't plan t have it on the road all winter but will certainly try to knock up a few decent runs before the Scottish roads go white with road salt.
I have bought to enjoy but feel quite happy that it shouldn't depreciate much, if it does then so be it but the enjoyment of ownership will surpass any depreciation.
Charlie
I have just completed the deal for mine and should take delivery next week complete with new clutch, replaced manifolds and ball joints sorted out.
2006, F430 Spider, red with cream leather and carbon dash, 14,700miles and just had its annual service carried out.
I can't wait to get it home hopefully by the end of next week and will be a great stable mate for the F355 Berlinetta. I don't plan t have it on the road all winter but will certainly try to knock up a few decent runs before the Scottish roads go white with road salt.
I have bought to enjoy but feel quite happy that it shouldn't depreciate much, if it does then so be it but the enjoyment of ownership will surpass any depreciation.
Charlie
X7LDA said:
If it's an F1 then it's worth more than 63k... It's the strange coloured manuals that are sitting around the 65k.
It's f1, rosso scuderia, carbon sports seats, parking sensors, etc etc. II had a few offers on it about 3 months ago - all under 60 (from other ph members).
I didn't sell but interesting that it may be worth much more than that.
SlartiF430 said:
It's f1, rosso scuderia, carbon sports seats, parking sensors, etc etc.
II had a few offers on it about 3 months ago - all under 60 (from other ph members).
I didn't sell but interesting that it may be worth much more than that.
i personally would say a manual would be worth more than the equivalent F1 car as its a much rarer car and is a better longer term ownership proposition as the gearbox tech isn't going to date like the F1 box, its also the last mid engine V8 manual that Ferrari will probably make.II had a few offers on it about 3 months ago - all under 60 (from other ph members).
I didn't sell but interesting that it may be worth much more than that.
Ultimately though its worth what someone will pay for it, a bunch of low ball offers from PH time wasters (there are a lot of them IME) doesn't necessarily mean anything, until you advertise it properly you won't know. Get some trade bids as a starter for ten, there are very few people with £40k+ cash to buy a private car like this, so it won't fetch much above a trade bid IMO, anyone with £100k cash lying round if probably in a position to buy a new 458
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