How badly will price/value of 16M be hit by the 458 Spider?
Discussion
I've been given opportunity to acquire a 16M at a reasonable price. Not a car I was looking to buy, not something that fits my requirements at all.....but I still have a devil on my shoulder whispering evil thoughts into my ear! I know I am asking the wrong group to make me see sense (I can turn to my wife for that) but what I would like is input on how the value of the 16M is likely to be affected by the new 458 spider. Any thoughts? How did the 458 coupe hit the value of the 430 scuderia?
Schnellmann said:
I've been given opportunity to acquire a 16M at a reasonable price. Not a car I was looking to buy, not something that fits my requirements at all.....but I still have a devil on my shoulder whispering evil thoughts into my ear! I know I am asking the wrong group to make me see sense (I can turn to my wife for that) but what I would like is input on how the value of the 16M is likely to be affected by the new 458 spider. Any thoughts? How did the 458 coupe hit the value of the 430 scuderia?
Depends on how good the deal is on the 16M. Care to share with us?the 16M was a very late version of the 430 and is of course the Scuderia Spyder. We are some way from seeing a glimpse of the 458 Scuderia let alone a Spyder version so I think its's probably the best bet of all the 430 iterations. Can see a small drop once 458 spyder comes out but I imagine the price differential between a well specced 458 spyder and the car you've been offered is £100K so shouldn't have too much impact.
All of course IMHO
15HN said:
Don't know the answer to your q however what I can tell you is the 458 coupe will be hit a lot harder. 13 cars came onto PH classifieds over the last 2 days.
I would agree with this more. The 16M Spider is a limited edition, rarer than something like a 599GTO; it can't really be directly compared with a mainstream production model like the 458. 458 coupes are suddenly cropping up in increasing quantities, aren't they? Funny that...How long are you planning on keeping the 16M?
In the long term the 16M will be a car to hold on to. It's a stunning piece of machinery and one that will, in time, appreciate. By comparison the 458 spider will be sold by the bucket load and as such will do far more depreciating in the medium term when compared to the 16M.
If I was in your enviable position I would grab the 16M, enjoy it and in a few years time re-consider your position.
In the long term the 16M will be a car to hold on to. It's a stunning piece of machinery and one that will, in time, appreciate. By comparison the 458 spider will be sold by the bucket load and as such will do far more depreciating in the medium term when compared to the 16M.
If I was in your enviable position I would grab the 16M, enjoy it and in a few years time re-consider your position.
15HN said:
Don't know the answer to your q however what I can tell you is the 458 coupe will be hit a lot harder. 13 cars came onto PH classifieds over the last 2 days.
That's only because the FNE embargo on dealer advertising used 458s has been lifted Hari, the same practice applied to the California for the first 18 months or so since it's launch. Many of the cars being advertised are ex demos that were for sale in any case if you phoned the dealer so there is no real adjustment in the number of cars on the market, just greater visibility of them.If you have a chance of a 16M then go for it. It really is best modern supercar I have owned. Might not be as sharp as a Scud on track but the involvement you get with the roof down more than makes up for it. I wasn't sure it was going to be worth nearly 2x the price of a standard spider but when you look carefully at all the detailing then you can sort of justify it!
No plans to sell it even when the 458 spider comes.
No plans to sell it even when the 458 spider comes.
andy74b said:
If you have a chance of a 16M then go for it. It really is best modern supercar I have owned. Might not be as sharp as a Scud on track but the involvement you get with the roof down more than makes up for it. I wasn't sure it was going to be worth nearly 2x the price of a standard spider but when you look carefully at all the detailing then you can sort of justify it!
No plans to sell it even when the 458 spider comes.
Agreed. Fun car. No plans to sell it even when the 458 spider comes.
Unfortunately, the possible deal has fallen through. Best price I could/wanted to offer was too low for the seller, who is in the fortunate position of not needing to sell (has quite a collection and so does necessarily need it).
Hope it doesn't come back to bite me. About 6 years back I was looking to buy a 964 RS. Offered someone CHF 72'500 for a good condition car in blue. Seller wanted CHF 75'000 and wouldn't budge. At the time it wasn't worth CHF 75'000 but since then the values have gone up and it would have been worth around CHF 100'000 today!
Hope it doesn't come back to bite me. About 6 years back I was looking to buy a 964 RS. Offered someone CHF 72'500 for a good condition car in blue. Seller wanted CHF 75'000 and wouldn't budge. At the time it wasn't worth CHF 75'000 but since then the values have gone up and it would have been worth around CHF 100'000 today!
Hoddo said:
How long are you planning on keeping the 16M?
In the long term the 16M will be a car to hold on to. It's a stunning piece of machinery and one that will, in time, appreciate. By comparison the 458 spider will be sold by the bucket load and as such will do far more depreciating in the medium term when compared to the 16M.
If I was in your enviable position I would grab the 16M, enjoy it and in a few years time re-consider your position.
Best advice i have seen. If your in for the long term and drive it to enjoy it then it might appreciate, might not. I think it is hard to consider any modern car as an investment because newer models always being produced, unless your looking 25 years plus. BUT the 16M is one of 499 and if RHD then one of 49 in the UK. I bought a 16M and love it, magnificent car. In the long term the 16M will be a car to hold on to. It's a stunning piece of machinery and one that will, in time, appreciate. By comparison the 458 spider will be sold by the bucket load and as such will do far more depreciating in the medium term when compared to the 16M.
If I was in your enviable position I would grab the 16M, enjoy it and in a few years time re-consider your position.
Ok I am coming out with this now, and yes I have been fortunate to experience all cars, and not in any instance am I detracting from the 458, but due to the progressional transition between the F430 and 458, I really believe the F430 will be held in the same regard as the 355 one day, and will be considered the 'new' last true Ferrari.
Moving onto the 16M, the last hoorah and the finest of the F430's, limited edition and the first of a hardcore Spider, last of the fabric roofs, manual gearboxes (I include the 16M in this as the gearbox is a physical manual box) and common rail fuel injection, non body module car (perhaps considered analouge in comparison to 458) I think a 16M is a VERY good investment.
And of course, all my humble opinion.
Moving onto the 16M, the last hoorah and the finest of the F430's, limited edition and the first of a hardcore Spider, last of the fabric roofs, manual gearboxes (I include the 16M in this as the gearbox is a physical manual box) and common rail fuel injection, non body module car (perhaps considered analouge in comparison to 458) I think a 16M is a VERY good investment.
And of course, all my humble opinion.
andy74b said:
If you have a chance of a 16M then go for it. It really is best modern supercar I have owned. Might not be as sharp as a Scud on track but the involvement you get with the roof down more than makes up for it. I wasn't sure it was going to be worth nearly 2x the price of a standard spider but when you look carefully at all the detailing then you can sort of justify it!
No plans to sell it even when the 458 spider comes.
That is quite a statement given your garage. No plans to sell it even when the 458 spider comes.
Drove one last weekend and was very impressed.
Well this gives you an idea.
http://howmanyleft.co.uk/vehicle/ferrari_f430_scud...
I know a few have been exported.
http://howmanyleft.co.uk/vehicle/ferrari_f430_scud...
I know a few have been exported.
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