So I wandered into Meridien Modena yesterday....
Discussion
Cerbieherts said:
jackal said:
CS all the way. Wouldnt spend 90k+ on one though ! The main uk players seem to have created their own distorted market because outside of those dealers, on the continent and privately, they are selling for a lot lot less. A ferrari warranty isn't worth £20,000-£30,000 imo.
Totally agree. Dealers have both over inflated and stagnated the market for years. Obviously the CS is an epic car, and worth more than a normal 360, but they built a fair few, and they certainly shouldn't be compared to the f-40 in terms of rarity or value....Just my opinion.
Steve
Speaking as someone who (ahem) did that, what else is there at that price that has the blend of rareness, rawness, drama, beauty and thrills as a CS? Total build numbers are supposed to be about the same as the F40 (seems right given there are usually the same numbers in the classifieds at any one time)
I know that dealers do try and manage the market, but if there is far more supply than demand they can't. Their offers to buy reflect what they think they can sell for.
Having owned both, the CS is far more focused drive than a 360 and much rarer so the price seems about right.
I think the market will hold, but then I would wouldn't I? A strong cult following, like that for the Stradale = demand. It's that that drives the market in my view and having owned a Strad now, the hype is justified.
Strong demand for a rare car can often lead to long lead times to sell though - worth bearing in mind.
I know that dealers do try and manage the market, but if there is far more supply than demand they can't. Their offers to buy reflect what they think they can sell for.
Having owned both, the CS is far more focused drive than a 360 and much rarer so the price seems about right.
I think the market will hold, but then I would wouldn't I? A strong cult following, like that for the Stradale = demand. It's that that drives the market in my view and having owned a Strad now, the hype is justified.
Strong demand for a rare car can often lead to long lead times to sell though - worth bearing in mind.
jackal said:
the market outside a handful of uk official ferrari dealers is 65k-85k and has been for at least the last 36 months.
I haven't seen it on either Pistonheads or Autotrader (and I have been looking). Some higher mileage examples or cars with a story to tell have been below £80k but that's about it. I'm not disputing what you say but if it is true, I'm looking in the wrong places.Even reputable indy dealers are at £90k+ for anything less than 15k miles and presented properly. I really don't think the strength of Strad prices is to do with Ferrari official dealers 'managing' the market (unless you call waiting for a customer to come along who will pay the price 'managing the market').
LukeyLikey said:
Some higher mileage examples or cars with a story to tell have been below £80k but that's about it.
What proof do you have that any of the cars had 'stories to tell' ? Sorry but this is just a wishful inference because they were not >90k. Nothing personal meant to your good self but I really dislike this sort of rumour, it's all part of parcel of the whole mystique crap that surrounds the marque. A stradale is a very difficult to sell right now, make no mistake. I can recall at least 3 cars which were withdrawn because they just never sold. A friend of mine sold his Strad just 3 weeks ago for £75,000 after over a year and after dropping it by 10k or so and that was through a dealer who offered the usual finance/PDI/part ex etc.. It was as good an example as any that I have seen, better in fact condition wise than some I have seen at 90k+ with plenty of recent work under its belt. It was on pistonheads for many months.Furthermore, I can recount almost 8 or 9 UK RHD cars that have sold in the last 2-3 years all less than 85k. Apart from one TDF one, not one to my knowledge was accident repaired, excessively worn in the clutch or ceramics department, mileage fiddled or anything else suspicious. Don't get me wrong, there is nowt wrong with walking into a ferrari dealer and paying top dollar for an easy life, a ferrari warranty and a slick official customer service; that's fine if you wish to choose that route and it has many upsides. But don't go kidding yourself that all other cars outside of this are or were old dogs. I will concede that the 90k plus cars also often appear to be low miles but that has blurred recently as well and you are finding that cars in the late teens/low 20's miles are now lumped together with cars in the low teens/high singles. Look at the furlonger car at 21k miles and 95k ! Thats only 4k miles less than my mates example but up for £20,000 more. That's £5 a mile
Edited by jackal on Sunday 16th September 23:20
If all these cars are available in LH drive at massive discounts why aren't we seeing many of them for sale in this country. Given how fussy people are about history etc and the LH drive compromise that there will be that many who want for them.
I remember struggling to get a price on a Mitsubishi for insurance because it was an import years ago, will this be an issue?.
If I were driving on the continent regularly then fine I'd buy one without hesitation but living in this country LH drive would always feel like I'd made a massive compromise. Also make no mistake there will be two bands of prices, ones that were uk cars and those that are LH imports and the prices between them will be relative to what was paid for them.
I'll say it again if something seems to good to be true etc etc.
Just my humble
I remember struggling to get a price on a Mitsubishi for insurance because it was an import years ago, will this be an issue?.
If I were driving on the continent regularly then fine I'd buy one without hesitation but living in this country LH drive would always feel like I'd made a massive compromise. Also make no mistake there will be two bands of prices, ones that were uk cars and those that are LH imports and the prices between them will be relative to what was paid for them.
I'll say it again if something seems to good to be true etc etc.
Just my humble
jackal said:
Lovely car but import costs 10% ish?Will it warranties stand with our dealers?
The steering wheels on the wrong side.
Minor conversions, speedo etc
So in real terms you won't have saved that much, will you?.
sone said:
jackal said:
Lovely car but import costs 10% ish?Will it warranties stand with our dealers?
The steering wheels on the wrong side.
Minor conversions, speedo etc
So in real terms you won't have saved that much, will you?.
Just as a reference, I keep looking for "cheap" LHD Ferraris to bring into Switzerland but prices in UK always seem high. As an example, a Ferrari approved F430 Scuderia - Automat, Rosso Scuderia 03.2008, 19'800 km at CHF 179'900 thats 120KGBP.
Don't know if thats good or bad, but a private sale Scud is going for under 100KGBP (as the Swiss would generally only buy from a dealer.)
Don't know if thats good or bad, but a private sale Scud is going for under 100KGBP (as the Swiss would generally only buy from a dealer.)
jackal said:
I agree that the market does dictate and (excluding the very lowest mileage cars) the market outside a handful of uk official ferrari dealers is 65k-85k and has been for at least the last 36 months.
Hmmm wasn't easy to find a good car within that 65-85kGBP range you are talking about when I was looking for one before the summer. Much harder than you might think 
Edited by 911Thrasher on Monday 17th September 17:38
911Thrasher said:
jackal said:
I agree that the market does dictate and (excluding the very lowest mileage cars) the market outside a handful of uk official ferrari dealers is 65k-85k and has been for at least the last 36 months.
Hmmm wasnt easy to find a good car withing that 65-85kGBP range you are talking about when I was looking for one before the summer. Much harder than you might think - and i'm a cash buyer certainly was lucky selling my TDF one, plenty of time wasters out there who try to nick a bargain but if the car is genuine and tip top condition i think you will get what you want for it (realistically). Same old story, if someone needs to get rid then they will take a bath - if not sit back and wait for the right buyer
d8ean said:
certainly was lucky selling my TDF one, plenty of time wasters out there who try to nick a bargain but if the car is genuine and tip top condition i think you will get what you want for it (realistically). Same old story, if someone needs to get rid then they will take a bath - if not sit back and wait for the right buyer
This makes a whole lot of sense to me. Any market is always about demand and supply. RHD cars in the UK are becoming fewer due to cars travelling overseas. The RHD markets with wealth or strong currencies such as Singapore and Australia have been mopping up our stock for a while now.Since there is clearly UK and overseas demand for cars like the CS, the market is strong. However, it is still a very small market, which means that in order to realise a certain price you may need to wait. If you need cash quickly you will most likely pay for the privilege. I think it is probably a good point to note if you are thinking about getting into a CS with at least part of your thinking being that it will hold its price.
LukeyLikey said:
This makes a whole lot of sense to me. Any market is always about demand and supply. RHD cars in the UK are becoming fewer due to cars travelling overseas. The RHD markets with wealth or strong currencies such as Singapore and Australia have been mopping up our stock for a while now.
Since there is clearly UK and overseas demand for cars like the CS, the market is strong. However, it is still a very small market, which means that in order to realise a certain price you may need to wait. If you need cash quickly you will most likely pay for the privilege. I think it is probably a good point to note if you are thinking about getting into a CS with at least part of your thinking being that it will hold its price.
ferrari will always have the problem that people think leggy cars have been cained, price will always be related to stone chips... fact is ive seen some very nice new shiny ones been cained round tracks etc and then sold 6 months later because the owner wants to get into something newer (bottomless pot of cash) Since there is clearly UK and overseas demand for cars like the CS, the market is strong. However, it is still a very small market, which means that in order to realise a certain price you may need to wait. If you need cash quickly you will most likely pay for the privilege. I think it is probably a good point to note if you are thinking about getting into a CS with at least part of your thinking being that it will hold its price.
if your buying from a dealer always check forums because more then likely you'll find some history, but if buying privately i think you'll get a feel for the owner and make your call from there
the CS is such a great car imho, has looks to die for, gives you that go-kart buzz everytime you drive it, sounds like nothing else on the road, will hold its money better then some other ferraris/marques
people may say its a bit old hat and the scuderia is a better car, but really its all about what the buyer wants
d8ean said:
certainly was lucky selling my TDF one, plenty of time wasters out there who try to nick a bargain but if the car is genuine and tip top condition i think you will get what you want for it (realistically). Same old story, if someone needs to get rid then they will take a bath - if not sit back and wait for the right buyer
And IIRC, your car was also sensibly priced as I remember seeing your ad on club csud. (i.e. not 90k+)Gassing Station | Supercar General | Top of Page | What's New | My Stuff