16M vs 430 Spider
Discussion
Going down to take a look at a 16M tomorrow... either going for one or going for a standard 430 spider. Is the difference worth the 70k ish price tag? Has anyone changed from one to the other or driven both?
I am worried that if I get taken out in a 16M the spider will be ruined for me! It seems like such a huge price for what is essentially a very similar car but I can't resist looking...
I am worried that if I get taken out in a 16M the spider will be ruined for me! It seems like such a huge price for what is essentially a very similar car but I can't resist looking...
steelej said:
I'll be honest, is the 16M better? absolutely, is it 70 grand better? hmm, not for me.
John.
If you have millions splashing about then sure go for the 16M - but to someone who sees this as a big decision I don't think most could justify the £70k differential...John.
Give me a 430 Spider, GTR and Atom any day of the week for the same price.
Candellara said:
If you've the 70k spare - not earning any money elsewhere, the 16M is a safer bet for holding it's money and selling fairly quickly when you come to sell?
Dozens of standard 430 Spider's about, so will continue to drop in price.
Exactly what I was going to write too Jason.Dozens of standard 430 Spider's about, so will continue to drop in price.
francisn said:
Candellara said:
If you've the 70k spare - not earning any money elsewhere, the 16M is a safer bet for holding it's money and selling fairly quickly when you come to sell?
Dozens of standard 430 Spider's about, so will continue to drop in price.
Exactly what I was going to write too Jason.Dozens of standard 430 Spider's about, so will continue to drop in price.
I suspect a £80k normal 430 Spider, is going to be a far wiser buy than a £150k 16M when talking depreciation. I think the 16M will lose plenty over then ext 18-24 months, whereas the normal 430 Spider can only really lose about £10k.
BTW I love the 16M, just being realistic.
As someone else said, if you have millions and 70k doesn't mean much to you then go for it. But if £150k is a stretch and most your money tied up in a car then I think the 430 Spider is a much better buy when considering "value" or "depreciation".
As someone else said, if you have millions and 70k doesn't mean much to you then go for it. But if £150k is a stretch and most your money tied up in a car then I think the 430 Spider is a much better buy when considering "value" or "depreciation".
Shame they don't make a a Vantage V12 roadster 
I've considered a 16M and look at a couple.
If the think the V12 Vantage is raw then the 16M is an complete animal!
I'm pretty certain they will hold value well. Even early ones are now 3-4 years and old have on dropped ~20%.
With only 500 world wide they are are going to fair alot better than the standard F430.
All IMHO
I've considered a 16M and look at a couple.
If the think the V12 Vantage is raw then the 16M is an complete animal!
I'm pretty certain they will hold value well. Even early ones are now 3-4 years and old have on dropped ~20%.
With only 500 world wide they are are going to fair alot better than the standard F430.
All IMHO
UH-Matt said:
I disagree with both of you, and guess we'll find out in a year or twos time.
I suspect a £80k normal 430 Spider, is going to be a far wiser buy than a £150k 16M when talking depreciation. I think the 16M will lose plenty over then ext 18-24 months, whereas the normal 430 Spider can only really lose about £10k.
You always pretty good in your purchases but I think you wrong on this. The 16m hasn't dropped in 2yrs and I doubt it will now. Just look at the other special editions ie 575SA, 550 barchetta. They dropped and now nearly 50% over where they were a few years ago.I suspect a £80k normal 430 Spider, is going to be a far wiser buy than a £150k 16M when talking depreciation. I think the 16M will lose plenty over then ext 18-24 months, whereas the normal 430 Spider can only really lose about £10k.
16m will only go down if Scuds really drop from current prices which also seems unlikely.
16M is too early in its depreciation curve to stop going down just yet.
I would think it will end up between 20 and 30k more than Scuderias, which are older of course and have plateau'd now.
That would suggest they'll end up at 130-140k when 458 Spiders are more common.
Older models lose less money. Depreciation levels out past 5/6 years to minimal amounts on all Ferraris so the 430 Spider is going to lose less.
I would think it will end up between 20 and 30k more than Scuderias, which are older of course and have plateau'd now.
That would suggest they'll end up at 130-140k when 458 Spiders are more common.
Older models lose less money. Depreciation levels out past 5/6 years to minimal amounts on all Ferraris so the 430 Spider is going to lose less.
I think I can provide an educated opinion here guys....
In 2010 I purchased a 2009 16M having previously owned a 2008 F430 Spider F1, after almost 2 years and 6k miles I'd had my fun and decided to come out of it and am now back in a 2008 F430 Spider F1 again. I thought I'd really miss my 16M, but surprisingly I don't, I think that's because my newest Spider has only 4k miles and is so well specified & sorted.
On the road the F430 Spider is more compliant, but, you can still wind it up and have immense fun. The one thing I miss are the donkey kicks I sed to get in my back in my 16M at high rev gear changes, those just added to the thrill of my 16M for me.
The main differences are obviously looks, materials used & handling, in the 16M you can corner flater and faster as its a lowered, harder and stripped out version of the F430 Spider, is it worth £60-100k more than a F430 Spider....for production materials yes and for my money it definitely was and that additional price was ne I was happy to pay just for the experience....you only live once, so if you can afford it then just do it as the 16M is a fantastic Ferrari.
The trade does not know where to price them out at, hence quite a few have been advertised at similar pricing to last years and the year befores for some time now. I think a 16M will bottom out eventually around £135-145k with a Scud at £110-120k and that currently a16M is worth £150-£160k.
In 2010 I purchased a 2009 16M having previously owned a 2008 F430 Spider F1, after almost 2 years and 6k miles I'd had my fun and decided to come out of it and am now back in a 2008 F430 Spider F1 again. I thought I'd really miss my 16M, but surprisingly I don't, I think that's because my newest Spider has only 4k miles and is so well specified & sorted.
On the road the F430 Spider is more compliant, but, you can still wind it up and have immense fun. The one thing I miss are the donkey kicks I sed to get in my back in my 16M at high rev gear changes, those just added to the thrill of my 16M for me.
The main differences are obviously looks, materials used & handling, in the 16M you can corner flater and faster as its a lowered, harder and stripped out version of the F430 Spider, is it worth £60-100k more than a F430 Spider....for production materials yes and for my money it definitely was and that additional price was ne I was happy to pay just for the experience....you only live once, so if you can afford it then just do it as the 16M is a fantastic Ferrari.
The trade does not know where to price them out at, hence quite a few have been advertised at similar pricing to last years and the year befores for some time now. I think a 16M will bottom out eventually around £135-145k with a Scud at £110-120k and that currently a16M is worth £150-£160k.
Edited by Scottish16M on Thursday 17th May 00:29
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