Diablo sold - I've left the fold

[L33]

Well folks, its been an epic 12 months of Diablo ownership but it saddens me to anounce that the Diablo has gone to a new home.

She was one car I spent a lot of time searching for and I thought I'd keep her forever but price increases made it too tempting to sell - I'm sure I'll live to regret it.

I've replaced her with a Mercedes SLS AMG which is also a great motor and should be more useable for my current needs of a weekend toy.

Drive safe, Good luck & so long folks.

L33

[Adz The Rat]

I didnt see that coming, doesn't seem that long since you got it.

SLS is a fantastic car, enjoy it.

[Ferruccio]

1. Did you actually sell it for more than you bought it for??

2. But the Merc will just depreciate?

[ferdi p]

Ferruccio said:

1. Did you actually sell it for more than you bought it for??

2. But the Merc will just depreciate?

Rhetorical questions???

[L33]

I don't think the SLS prices will fall. If anything, they have actually risen £20k+ over the last 6 months or so.

I actually wanted a Mclaren 12C but there is no doubt - they most certainly are depreciating!

Don't believe the advertised prices of the Diablos - Most have been on the market for a good year or so now. If those advertised prices were true, many of the cars for sale would have long sold. What people advertise for and what they are actually changing hands for is a whole different story. Sure, they have risen but not to the extent some optimistic owners appear to think.

[Davo456gt]

sorry to see you go Lee,

it was one of your posts on the other forums with the Diablo, that put me onto ACF-50 for suspension protection - thanks

Least you kept with non-standard doors with the Merc :-)

[Ferruccio]

L33 said:

IIf those advertised prices were true, many of the cars for sale would have long sold. :

Sorry but I don't understand - surely the point is that there are no buyers at these prices, that's why they haven't sold.......?
If someone doesn't want to sell at what the market is actually prepared to pay at any particular time, that's up to them.

[L33]

Ferruccio said:

L33 said:

IIf those advertised prices were true, many of the cars for sale would have long sold. :

Sorry but I don't understand - surely the point is that there are no buyers at these prices, that's why they haven't sold.......?
If someone doesn't want to sell at what the market is actually prepared to pay at any particular time, that's up to them.

Exactly!

There are no buyers at the high advertised prices. The market and what people are actually willing to pay dictate values.
Many owners will hold onto their Diablos because long term they will appreciate. I can fully understand why people will hold onto their Diablos. They are an iconic, never to be repeated V12 supercar and the styling is about as distinctive as it gets. They're awesome and I'm proud to say I've owned one.
For those looking to sell NOW, they simply will not get the artificially high prices that SOME Diablos are advertised at.

[sone]

Ferruccio said:

L33 said:

IIf those advertised prices were true, many of the cars for sale would have long sold. :

Sorry but I don't understand - surely the point is that there are no buyers at these prices, that's why they haven't sold.......?
If someone doesn't want to sell at what the market is actually prepared to pay at any particular time, that's up to them.

So in real terms they are chancing their arm, I assume?

[L33]

sone said:

Ferruccio said:

L33 said:

IIf those advertised prices were true, many of the cars for sale would have long sold. :

Sorry but I don't understand - surely the point is that there are no buyers at these prices, that's why they haven't sold.......?
If someone doesn't want to sell at what the market is actually prepared to pay at any particular time, that's up to them.

So in real terms they are chancing their arm, I assume?

Correct.

[TP321]

is this issue of high prices but no sale just with Diablos or with all classic cars in general? The Diablo is a notoriously difficult car to sell.

[L33]

TP321 said:

is this issue of high prices but no sale just with Diablos or with all classic cars in general? The Diablo is a notoriously difficult car to sell.

Good question - one I can't answer.

As for Diablos being hard to sell, I was told by numerous people I'd struggle to sell it privately.
Mine was probably the last one to appear in the classifides and to my knowledge, 1 or only 3 to have sold in the past year. I think the "right" car in good condition at the right price will always sell.

[Ferruccio]

L33 said:

Ferruccio said:

L33 said:

IIf those advertised prices were true, many of the cars for sale would have long sold. :

Sorry but I don't understand - surely the point is that there are no buyers at these prices, that's why they haven't sold.......?
If someone doesn't want to sell at what the market is actually prepared to pay at any particular time, that's up to them.

Exactly!

There are no buyers at the high advertised prices. The market and what people are actually willing to pay dictate values.
Many owners will hold onto their Diablos because long term they will appreciate. I can fully understand why people will hold onto their Diablos. They are an iconic, never to be repeated V12 supercar and the styling is about as distinctive as it gets. They're awesome and I'm proud to say I've owned one.
For those looking to sell NOW, they simply will not get the artificially high prices that SOME Diablos are advertised at.

So why sell, now, for a modern Merc??

[L33]

I simply fancied a change if thats ok?
The SLS is also currently a safe place to put your money

[ferdi p]

Don't understand all this 'why sell now' nonsense...

It's a car! Not shares FFS...

We are car fanatics not investment bankers...

[sone]

ferdi p said:

Don't understand all this 'why sell now' nonsense...

It's a car! Not shares FFS...

We are car fanatics not investment bankers...

I think it's the air of impending doom that we're fed on a daily basis. We are all too aware of the world market economies and we all think that every glitch that happens will leave us all penniless. I think for that reason we all like to think our assets are fluid when in reality if it did all go to ste cars wood be one of the first markets for the arse to fall out of.

[rubystone]

L33 said:

I simply fancied a change if thats ok?
The SLS is also currently a safe place to put your money

I considered an SLS, given their heavy initial depreciation but subsequent levelling off. I was finally put off by the thought that the AMG GT might be a driver in people shifting from SLS to them and thus releasing more cars onto the market so depressing prices further. But maybe I'm overthinking it? After all, the SLS does have the 6.3 Natasp engine after all...and in my CLK63 it was just an awesome engine.

On Diablos, I think you're spot-on. I've watched that market and I see the same cars not selling too.

[br d]

sone said:

I think for that reason we all like to think our assets are fluid when in reality if it did all go to ste cars wood be one of the first markets for the arse to fall out of.

Great stuff, that could have come straight out of the Financial Times!

Tell it like it is Sone, tell it like it is.

[roygarth]

L33 said:

Don't believe the advertised prices of the Diablos. What people advertise for and what they are actually changing hands for is a whole different story. Sure, they have risen but not to the extent some optimistic owners appear to think.

As a matter of interest, in percentage terms, how much lower is the real trading price than the asked prices?

[Alpinestars]

rubystone said:

I considered an SLS, given their heavy initial depreciation but subsequent levelling off. I was finally put off by the thought that the AMG GT might be a driver in people shifting from SLS to them and thus releasing more cars onto the market so depressing prices further. But maybe I'm overthinking it? After all, the SLS does have the 6.3 Natasp engine after all...and in my CLK63 it was just an awesome engine.

On Diablos, I think you're spot-on. I've watched that market and I see the same cars not selling too.

I think exactly the opposite has happened. An SLS is a supercar in my view, the GT is a Porsche baiter. People have suddenly woken up to the SLS being the last gullwing car from Merc. Has to be a great investment in my view. Sounds awesome, looks stunning and a good steer to boot. What's not to like.