Asking Prices for Manuals still climbing!!

[allister]

Asking Prices for Manuals still climbing!!

http://www.autotrader.co.uk/classified/advert/2016...

[allister]

RamboLambo said:

2005 and 20,000 miles. Someone is having a giraffe at that price. Wouldn't even part with £100k for a F430 when you can get a McLaren 12C for £110k

You pays your money and takes your choice but that is seriously overpriced IMHO

I'm not sure..... I don't think a manual F430 is trying to be a McLaren 12C, it's a very different car and people buy each for different reasons.

Also, I can remember not that long ago at all, people were saying £90k - £100k was absolute madness for a low mileage, manual 355, such prices were simply insane!! Where as now, you can see below that a low mileage one is being offered for £160k! All of a sudden that £90k - £100k price tag looks cheap!

http://preowned.ferrari.com/en/united-kingdom/sear...

It's just my opinion, but I honestly think it won't be long at all before £130k will be very much the "Norm" for a Manual F430..... And in 5 years time £130k will sound like an absolute bargain!

[allister]

RamboLambo said:

You might be right but I think manual F355's were always going to be a classic and being the last pretty Ferrari that wasn't mass produced will seriously help its cause. Aint no amount of money making me part company with my F355 GTS manual.

TBH I preferred the F1 gearbox in the F430

From what I understand, there were less than 250 UK RHD Manual F430's produced, (inclusive of both spider and coupe variants), that sounds like pretty low numbers to me,

I think it is without question, that the 355 is a beautiful car and has an engine sound like nothing else - I have to admit, I definitely prefer it to the sound of my 430 - That said, the 355 does have it's downsides, firstly there's the engine out servicing, it drives like a car from the last century, (which after all, is what it is) and it has a dashboard which looks like it came out of a Fiat.... None of these factors have affected it's value and none of which I think should.

Furthermore, you just said it yourself, "Ain't no amount of money making me part company with my F355 GTS manual" and I don't blame you for that, it's a fantastic car and a great investment - And that's just it, there's lots of people who feel exactly the same way about there Manual F430's and with such low numbers produced there will always be a demand, for what is essentially the end of an era in Ferrari's history, the last and most advanced Ferrari produced with a manual gearbox!

Just one final thought, I went to the London Boat Show yesterday and then on to Harrods with my wife (to look at light fittings of all things) and one thing that was very apparent to me, is that there continues to be an awful lot of money in this country, both home grown and in particularly, coming in from overseas.

There are still a lot of people out there with an awful lot of money who simply love collecting cars, many of which will think nothing of spending £130k on one of the last Ferrari's with a manual gearbox.

I personally believe that there will always be more collectors wanting to buy the last and most advanced version of a Ferrari with a manual gearbox, than there will be available stock - Who knows, the 430 being the last and most advanced model with a manual box, may even overtake the "pretty factor" of the 355 in years to come.

In summary, I personally don't think that there is a bubble that will burst on either the 355 or 430 markets - I don't think anybody will ever wake up and find either model is now selling for around the £70k mark - And as long as the current owners continue to hang on to them and availability remains scarce, they will continue to be assets which either grow in, or retain their value.

[allister]

This is my point exactly..... These were all in times before we knew manual gearboxes were know more!

Edited by allister on Sunday 17th January 09:19

[allister]

Bo_apex said:

+ 1664

the amount of Champagne being thrown around on Thursday evening at the Boat Show was bordering on vulgar.
We were just glad the summer swimwear collection from Nichole De Carle was superbly presented, and averted our attention from all the cork popping

Sadly I missed that - but sounds about right....

[allister]

Bo_apex said:

+ 1664

the amount of Champagne being thrown around on Thursday evening at the Boat Show was bordering on vulgar.
We were just glad the summer swimwear collection from Nichole De Carle was superbly presented, and averted our attention from all the cork popping

Although I genuinely don't want to be the one to divert attention away from this extremely important topic..... As I missed Thursday evenings swimwear activities at the Boat Show, I thought best to Google what Bo_apex was referring to and also post an image link to share:

https://www.google.co.uk/search?q=Nichole+De+Carle...

Hope this gives us all an indication!

[allister]

MDL111 said:

mmhh wish I had been there

Me too MDL111 - Seems like we missed out

[allister]

rubystone said:

Those pix - underwear or swimwear?

I'd say you were safer invested in a manual 355 than an F1. I'd buy neither at the current inflated prices though...

Sorry, yep my mistake, that could be more along the lines of underwear.

The link below seems more accurate, although you still don't seem to get much for your money!

https://www.google.co.uk/search?q=nichole+de+carle...

[allister]

RamboLambo said:

Seriously - do you think anyone on here is looking at the woodwork

I'm sorry, what woodwork - I didn't see any woodwork - Thanks for sharing the pics

[allister]

jasonwdh said:

Bo_apex said:

It was definately the new Swimwear collection.
Me and the G/F were pleased to attend this private viewing as she took some pics from our strategic position.
She got some decent angles one handed !

where was her other hand?

Maybe she was giving Bo_apex a helping hand - Wouldn't go amiss!!

[allister]

The link I posted at the start of this thread for the £130k Manual F430 Spider, says the car is no longer available!! - I'm guessing that means it's sold?

[allister]

I can't no - The number plate displayed the garages name - consisting of two or three letters

[allister]

mwstewart said:

"Deposit taken"

That confirms it then - This is the second Manual F430 that I know to have sold this month for over £100k (both of similar mileage / age)..... This one being the slightly higher priced of the two at £130k

Edited by allister on Thursday 21st January 06:07

[allister]

_Leg_ said:

allister said:

That confirms it then - This is the second Manual F430 that I know to have sold this month for over £100k (both of similar mileage / age)..... This one being the slightly higher priced of the two at £130k

Edited by allister on Thursday 21st January 06:07

Advertised price and sold price are typically very, very different.

This car sold in just 3 days!!! - The car dealers you've dealt with must be very different to any I've ever experienced..... I doubt you'll find many who are going to slash the price after just 2 or 3 days of advertising. In fact, I suspect the complete opposite, they will have been standing very firm.

The second car I refer too, was bought by someone I know and they've told me that the main dealer wouldn't budge at all on the price..... The general opinion among dealers who have these cars is, "If you don't want to pay it, someone else certainly will"

[allister]

ZeroH said:

_Leg_ said:

Advertised price and sold price are typically very, very different.

Sometimes sure..... not for low mile Rosso manual 430s with full (and fully documented) service history tho.....This car sold for pretty much ALL the money (130k), fact.

I'm not suprised ZeroH - It sold within just 2 or 3 days.

Furthermore, I noted your comment about the metal gated Ferrari being something you romanticised about as a kid - well yes I'd certainly agree with you on that.

While I'm not directing this comment at Zero H at all, it does seem to me that many people on here talk about the Manual Gated Ferrari, being something that only an old man (well mid 40's like myself) would want to buy and that we are a dying breed but I'm not sure about this.

While many young teenage kids now do love their X Boxes and alike, which contain games with virtual cars controlled by flappy paddle gear shifts, let's not forget that when these kids reach 17-18 they will leave their bedroom computer games behind and go on to drive real cars, with I suspect around 95% learning to drive with a Manual Gearbox - Again, once they've passed their tests, their first car will no doubt have Manual Gearbox controls.

So I suspect the enjoyment of driving a manual car will continue within the younger generation also, meaning that the demand and desire for Manual cars will not go away, or be something simply for the oldies.

Until such a time that 17 year olds start learning to drive in 1.0 litre Ford Fiestas with flappy paddles, the enjoyment experienced with driving a manual car and the desire to go on to own a Ferrari with a manual gearbox will continue, not just with older people like myself, but down through the generations - No doubt increasing further the demand for these very rare cars.

Edited by allister on Sunday 24th January 09:36

[allister]

£129,950

[allister]

chippy348 said:

Ok, so if you have a Manual F430 would you bail now or do we still think they are rising ?

Regarding values i remember when i brought my 430 4 years ago 360CS were £120 i think and thought then surely they can not go much higher !

Personally, I think it's very early days with these cars and there's still a long way to go in terms of value increases - After all, they've only just started to really climb this year, I certainly won't be selling mine...... Even if they don't go up a great deal this year, I feel confident that they won't go down - Also, what else are you going to put the money in to?

I think you'll struggle to get a better return on anything over a Manual F430 at the moment - And if you put your money in to something dull, then you won't have the pleasure of owning a Ferrari!

[allister]

chippy348 said:

Really, you think they will climb more ?

I am very fortunate to have more than 1 Ferrari so if i do bail i still can get my "Ferrari fix"

If you had told me 4 years ago that the car i was buying would go up in value i would have thought you were mad, totally mad to be honest. So with the value being what they are perceived to be you have to consider at what point do you sell.

I don't think it is relevant what you do with the money as the point being you will be up on your original purchase price and at some point they have got to come back down, haven't they ??

Of course no one really knows, but I'm not sure they will come down from where they are at the moment - I think they'll continue to go up or at least stay the same.

If you have another Ferrari then it may make sense for you to sell, as I suppose you can only drive one at any one time. I guess if you've made money on the F430 and can think of something else to do with it, then maybe it's time for you to sell.

For me if I had another £120k tomorrow from the sale of my car, I don't know where I'd put it to give myself a better return - So for me I'm just going to leave it where it is

[allister]

roygarth said:

It would be interesting to know how many 430 Manual were manufactured. There were around 1300 Challenge Stradale manufactured and RHD prices are £225K up to £320k.

Now I'm not suggesting 430M is or ever will be at the same level of desirability. What I will say though is that I sold my 430M to buy a 360CS and sometimes wish I had the 430M in the garage as its more usable. BTW I did say 'sometimes'!

You never know with this relatively new 'collectible/investment' car market what will happen. But if there are only, say, a hundred RHD 430M, prices could easily go much higher.

Firstly, congratulations to Zeroh and again to willfinch36 - Both are beautiful cars and I know you're both going to love them.

As for what roygarth has to say (see above), well........................ Thank god, someone else with a brain who's worked out just how huge the potential for this car is!

Those who think you're going to see these cars back down at £70k - Forget it, It's never going to happen.

Those of you who own, or have just bought one, congratulations, you're sitting on a goldmine!

Edited by allister on Monday 25th January 18:28

[allister]

Nano2nd said:

didn't someone post the figures for 430s a few months ago, as i recall there was something like 120 odd manual RHD coupes made

UK RHD F430 Coupe Manual - Total: 112
UK RHD F430 Spider Manual - Total: 119

Figures taken from Aldous Voice.com - F430 Production Numbers - So I suspect pretty accurate, or at least very close.