F430 Market Watch
Discussion
subirg said:
A 430 is not an investment grade car. The end. There are too many of them. The only 430 which is investment grade is the 16m.
Disagree. Something like a low mileage manual 430 will be appealing to investors and collectors IMO.Look at the market for any of the usual suspects and cars of relatively high production numbers are attracting investors; Porsche for an example.
subirg said:
A 430 is not an investment grade car. The end. There are too many of them. The only 430 which is investment grade is the 16m.
Buy to enjoy. If you are fortunate to cover running costs with price appreciation at time of sale, that's a bonus. But don't bank in it. The current asset price boom will not last forever.
As has been mentioned above, an old car will need a full rebuild at some point in the distant future. For that to mean something, it will also need the hallowed Classiche certification. Budget for 6 figures to do all that.
Why will an old car need a full rebuild?? Please explain!... (maybe you mean old, not used and totally neglected. Otherwise your comment makes no sense.Buy to enjoy. If you are fortunate to cover running costs with price appreciation at time of sale, that's a bonus. But don't bank in it. The current asset price boom will not last forever.
As has been mentioned above, an old car will need a full rebuild at some point in the distant future. For that to mean something, it will also need the hallowed Classiche certification. Budget for 6 figures to do all that.
GG-33
ferrisbueller said:
subirg said:
A 430 is not an investment grade car. The end. There are too many of them. The only 430 which is investment grade is the 16m.
Disagree. Something like a low mileage manual 430 will be appealing to investors and collectors IMO.Look at the market for any of the usual suspects and cars of relatively high production numbers are attracting investors; Porsche for an example.
GG33 said:
Why will an old car need a full rebuild?? Please explain!... (maybe you mean old, not used and totally neglected. Otherwise your comment makes no sense.
GG-33
As it was my comment that started that comment I will add my 2p. The refresh will be required by the OP as, IMHO, he is saying he wants to keep it long term. When you get to 30,40,50 years old esp if you want (by his own admission) a garage queen then its going to need ideally bare metal respray as it will start to fail just by sheer age at that kind of time. Whilst its in bits there are going to be lots of things to replace, because its a good time but also due to wear and breakage during disassembly,GG-33
Just look at the detail Walker Sport etal go too on older cars like 308s etc. That aint going to be cheap!
Numbers made always seems to be a big thing but just look at the prices of decent E30 M3s and they made thousands and thousands. Similar with 993s. Made in massive numbers but still command a very good price now.
P6kmk said:
Thanks all greatly appreciated !!
It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
Cheapest is £138k new £170k. It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
488 is not new anymore
You simply cannot have more and more new cars hardly losing anything and then people think it's going up on a mass produced car.
P6kmk said:
Thanks all greatly appreciated !!
It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
I think in this market its hard to say but it looks like 458s are going to stay keen for a good while. With each new iteration prices go up by quite a chunk to buy new and that keeps used models at good prices.It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
If the bubble does burst I for one will pounce on either a Scud or a CS. And I am sure there are many others who would do the same and that's why I don't think we will ever see a catastrophic burst covering all models.
red_slr said:
P6kmk said:
Thanks all greatly appreciated !!
It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
I think in this market its hard to say but it looks like 458s are going to stay keen for a good while. With each new iteration prices go up by quite a chunk to buy new and that keeps used models at good prices.It's a bit of a mine field
How long do you chaps think before the 458 bottoms out
If the bubble does burst I for one will pounce on either a Scud or a CS. And I am sure there are many others who would do the same and that's why I don't think we will ever see a catastrophic burst covering all models.
red_slr said:
Around half what they are now maybe?
I would say the possibilty of picking up a Scud or CS for half what they are now would very much be as a result of a catastrophic burst! If this did happen then it would surely affect all ex production Ferrari models as well.As a Scud owner I am not adverse to the thought of a catastrophic burst - It would hopefully bring other models within my reach!
red_slr said:
If the bubble does burst I for one will pounce on either a Scud or a CS. And I am sure there are many others who would do the same and that's why I don't think we will ever see a catastrophic burst covering all models.
this statement IMO sums up exactly why there won't be a "bubble burst" anytime soon (or maybe ever) there are just too many people ready to "pounce" on a scud or CS at half the price... the burst your referring to will only happen when there is next to no-body able or willing to pounce on a £100k car.... just look at the demand for the new GT3 even serial GT3 buyers could not get them... theres just too much money sloshing round at the moment for this bubble that everyones banging on about to burst 
Apologies for the delay in providing an update - I am in the process of purchasing my own workshop which is taking up a lot of my time (and money!).
The numbers say that average F430 prices are up this month but it's only by 0.49% and in reality this market has been static for most of this year. The snap general election hasn't helped and has even put the brakes on some transactions. I can't see much happening until the result is known and digested.
The numbers say that average F430 prices are up this month but it's only by 0.49% and in reality this market has been static for most of this year. The snap general election hasn't helped and has even put the brakes on some transactions. I can't see much happening until the result is known and digested.
Another cheap F430 manual for anyone wanting one - 2008 model, Grigio Silverstone with Nero Leather, 17k miles. £119.990
http://www.autotrader.co.uk/classified/advert/2017...
http://www.autotrader.co.uk/classified/advert/2017...
When my 2005 F430 manual was written off the Insurer wanted £30k ish for it as salvage.
I couldn't see the headroom in the car to justify rebuilding it.and no interest in doing so. A chap in Scotland did.
With values at these levels, what once was beyond economic repair, start to add up.
So hopefully excited buyers will temper themselves and check the shiny car out thoroughly.
So if it's anything like this....
2005 F430 manual Rosso / Crema. Red carpets, carbon driving zone. 35k miles ( I have the service book )
I couldn't see the headroom in the car to justify rebuilding it.and no interest in doing so. A chap in Scotland did.
With values at these levels, what once was beyond economic repair, start to add up.
So hopefully excited buyers will temper themselves and check the shiny car out thoroughly.
So if it's anything like this....
2005 F430 manual Rosso / Crema. Red carpets, carbon driving zone. 35k miles ( I have the service book )
allister said:
Another cheap F430 manual for anyone wanting one - 2008 model, Grigio Silverstone with Nero Leather, 17k miles. £119.990
http://www.autotrader.co.uk/classified/advert/2017...
pretty sure I have looked at that one in the past - looks quite nice - I wonder what they paid for it ? or if its on SOR.http://www.autotrader.co.uk/classified/advert/2017...
I don't think this market is going anywhere until Brexit is decided , and a rise in interest rates will certainly hit the market - but that's a long way off......what you do notice though are the same cars up for sale and little movement, and sometimes even if they say "sold" its just because the owner has decided not to sell and the garage is trying to look like stock is moving.
still happy with my 718 Porsche , but I do miss a Ferrari.
Brexit and stamp duty are killing London property market in nice areas. Nothing moving and decent reductions. So agents telling me. Also some new build developments being sold on at losses. At least stocks are up but that's ccy depreciation and foreign earnings, not an endorsement of UK
Problem is nice cars like 355 manual, 430 manual, Porsche 993T are now at a pretty high risk premium to where they were
Problem is nice cars like 355 manual, 430 manual, Porsche 993T are now at a pretty high risk premium to where they were
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