430 Mileage Paranoia
430 Mileage Paranoia
Author
Discussion

sone

Original Poster:

4,612 posts

269 months

Thursday 1st September 2011
quotequote all
When I bought my F1430 just over 6 months ago I looked hard for the right car with the right spec and mileage. I couldn't believe my luck when I found a black 430 within my budget with only 8k mikes on it at Meridien Modena with a full 2 year Ferrari warranty.

Car has been perfect not missed a single beat and fulfilled my expectations in every way. Problem is Iv'e put 6k miles on it in that time and I haven't driven it half as much as I'd like. Furthermore I'm now considering selling it before I put another 6k miles on it in the next 6 months.

I'd like to upgrade perhaps to a Scud early next year so do I sell now, save for a few months and get a Scud or do I hang on and px the car with probably 20k on it next spring. What would the PH massive advise?.
If my Mrs see's this post selling the car will be the least of my problemsbiggrin

Cheers

Steve

RevHappy

1,850 posts

193 months

Thursday 1st September 2011
quotequote all
Tricky one, some say if your going to do some miles in Ferrari terms buy a low miler then it will be only a above average when it comes to move it on.

Others say, buy a high miler for alot lot less to begin with then put as many miles on as you like, the more the merrier. Then is will be sold on condition and upkeep than the miles on the clock.

If your likely to do 12k+ a year, which is alot in Ferrari world (which is stupid, but that's the market place your in) the second option would be a better bet in the future.

UH-Matt

2,173 posts

271 months

Thursday 1st September 2011
quotequote all
If you plan to use the car for the next few months and/or over winter then keep it, nothing worse than spoiling the enjoyment (the reason you bough the car) because of mileage worry.

If you intend to store the car away and stop using it when the sun disappears, then you may as well sell it now, if you can sell it for good money and then sit on that money then thats a nice option if the car was not going to be used anyway.


sone

Original Poster:

4,612 posts

269 months

Friday 2nd September 2011
quotequote all
UH-Matt said:
If you plan to use the car for the next few months and/or over winter then keep it, nothing worse than spoiling the enjoyment (the reason you bough the car) because of mileage worry.

If you intend to store the car away and stop using it when the sun disappears, then you may as well sell it now, if you can sell it for good money and then sit on that money then thats a nice option if the car was not going to be used anyway.
This is part of my problem, while I have the car available I will drive it, I can't help myself!

JazzyO

1,125 posts

212 months

Friday 2nd September 2011
quotequote all
Why do you feel the need to upgrade to the Scud? Please don't get me wrong - the 430S is wonderful, and I love it to bits, and it is an improvement over the 430. But *****!, if you are considering not putting on miles and enjoying yourself just to hope to get a better resale to upgrade yourself..... please don't get me wrong (again), but then I very respectfully think you're not thinking about your hobby in the right way. It seems to me that you're then looking for some kind of car-owning Nirvana that doesn't exist.

Please - have a think about it. What is it that you are really looking for, and what kind of budget do you have? Personally, I would much rather have the 430 and not give an <expletive> about resale than babysitting a Scud for the next guy (presuming you would then also be worried about Scud resale value and miles).

Best of luck deciding - and whatever you go for: make sure you have fun!!


Onno

P.S. I do have to make a note here that I think the UK is much more obsessed with mileage than the rest of Europe. This may explain my position (as a Continental) a bit more. Nonetheless I think these cars should be about enjoyment as much as possible. I would rather run a 308 with a 30k budget than a 430 without a budget. No stress! That's what makes them shine.


Onno

JamieBeeston

9,294 posts

296 months

Friday 2nd September 2011
quotequote all
sone said:
UH-Matt said:
If you plan to use the car for the next few months and/or over winter then keep it, nothing worse than spoiling the enjoyment (the reason you bough the car) because of mileage worry.

If you intend to store the car away and stop using it when the sun disappears, then you may as well sell it now, if you can sell it for good money and then sit on that money then thats a nice option if the car was not going to be used anyway.
This is part of my problem, while I have the car available I will drive it, I can't help myself!
So drive it, simple!
I cant stand all this whinging about milage and residuals!

These arent tokens to move around a bored.. they are cars.... buy,.. enjoy... drive... enjoy... hammer .. enjoy... drive ... enjoy.... drive... enjoy... px!

Anyone who buys to worry about mileage is a fool IMHO.

RVIANT

1,289 posts

284 months

Friday 2nd September 2011
quotequote all
driving it!

My 360 has 36k on it a friend has nearly 100k on his! IMHO if you want a garage queen just leave it in the garage! Ferraris can stand the mileage now, personally i dont think the performance hike in the scud is worth the extra £££, but only my opinion, i bought the car to have fun in it not to leave it in the garage!

Adz man

344 posts

190 months

Friday 2nd September 2011
quotequote all
As Onno says...more or less.

Will you be doing these kind of miles in a Scud? If so then you will have a heart attack when seeing the depreciation costs on a Scud compared to a 430.

If you are that worried buy a 360 as the depreciation will be lower than a 430 and you may feel less guilty about doing the miles.

However, I also know where you're coming from. I bought my 3 year old 430 Spider with 3k miles on it and now it has 10k just 18 months later. Nevermind, I'll live with that and count myself lucky that I have it.


sone

Original Poster:

4,612 posts

269 months

Friday 2nd September 2011
quotequote all
All valid points I know but I'm talking about putting 12k a year and that's just weekend use and the very rare sunny weekday. I'd really like to use it more !!!.
The only way I'll stop myself driving it is to sell it and while it's still only circa 14k I see it more saleable than at 20-21k in 6 months time.
Bugger!!

aceparts

3,724 posts

272 months

Friday 2nd September 2011
quotequote all
I guess you can either afford, or justify the cost to drive it 12K miles a year or you can't, in which case sell it. I don't see the point of owning it without driving the arse off it personally.

TISPKJ

3,780 posts

238 months

Friday 2nd September 2011
quotequote all
My thoughts are the difference between 14k miles and 19k miles will make no difference to value will it ?
Once you hit twenty something or 30 something different story.
Enjoy till it gets to 19995 miles and then sell :-)

Porkie

2,378 posts

272 months

Friday 2nd September 2011
quotequote all
My F430 just smashed through 20k miles at the weekend! gonna do loads more in it as well.

Sold my M3, and and am selling my 996tt and gonna use the Donkey whenever and as much as I can!

I freaking love it and it feels bombproof. For what it costs to run other cars... may as just drive and enjoy the one I really love!

every mile is magic and it laps em up!

AtomMan

10,742 posts

265 months

Friday 2nd September 2011
quotequote all
Surely you knew this when you bought?! Either you buy a car to enjoy and hence had the subsequent knock in value or you keep it wrapped up and sell after a short period of not using it.

If you were to sell now, it seems like you have not actually enjoyed the car (I maybe wrong of course). use the bloo*y thing, learn it and don't worry about the next machine (that will be more valuable and you will be just as afraid to put any miles on).

Having a car is one thing. Appreciating it and enjoying it is something else.

gbrownlow

4,843 posts

201 months

Friday 2nd September 2011
quotequote all
If we all drive them as they were designed for the average mileage would be higher and not so much of an issue. Ok the odd low mileage car might fetch a premium but if the majority have done circa 6,000 miles a year I don't think the prices will be vastly lower and the gap to a vehicle with 12,000 miles pa will be less.

I always buy a car on condition and service history first and then consider the mileage. I would be reasonably comfortable up to 8,000 miles a year for a F430 if the condition and history were good. I looked at an 05 coupe originally with only 2,000 miles on it as it was £30k cheaper but it was a dog and ended up in an 09 with 5k which is beautiful

Right the sun is out in the westcountry and its the start of the weekend so time for a quick blast rooooooof down !

UH-Matt

2,173 posts

271 months

Friday 2nd September 2011
quotequote all
I think the difference in value between a car with 14k on it and a car with 24k on it is smaller than another years depreciation/enjoyment... I think overall the "cost to change" each year will be greater than if you just found the right car and put the miles on and enjoyed it...

jackal

11,251 posts

313 months

Friday 2nd September 2011
quotequote all
sone said:
When I bought my F1430 just over 6 months ago I looked hard for the right car with the right spec and mileage. I couldn't believe my luck when I found a black 430 within my budget with only 8k mikes on it at Meridien Modena with a full 2 year Ferrari warranty.

Car has been perfect not missed a single beat and fulfilled my expectations in every way. Problem is Iv'e put 6k miles on it in that time and I haven't driven it half as much as I'd like. Furthermore I'm now considering selling it before I put another 6k miles on it in the next 6 months.

I'd like to upgrade perhaps to a Scud early next year so do I sell now, save for a few months and get a Scud or do I hang on and px the car with probably 20k on it next spring. What would the PH massive advise?.
If my Mrs see's this post selling the car will be the least of my problemsbiggrin

Cheers

Steve
Put another 50k on it and enjoy it to the max. Youre a long time dead.

Sarnie

8,377 posts

240 months

Friday 2nd September 2011
quotequote all
This is how I see it.

You bought the car to enjoy it right? So enjoy it. If 'enjoying' it means an extra 6k on the car then so be it.

Do your sums and if the extra 6k means the 'cost to change' to the scud is too much, then don't do it!

If you do the swap now then you'll save a few quid, but you'll be back to nannying a car around, paranoid of adding mileage to the scud.

If mileage, depreciation and therefore 'cost to change' are factors for you why not just keep the 430 and spend the money on servicing and running one car that you love, rather than half heartedly enjoying two cars that your scared of taking out incase it loses a few quid??

RosCabezas

118 posts

284 months

Friday 2nd September 2011
quotequote all
As car nut, guru, pistonhead and p4/5 owner mr Napolis says, not driving your car to make it more desirable to it's next owner is akin to not f***ing your girlfriend to make her more desirable for her next boyfriend. So, if you can afford it...

SonnyM

3,475 posts

224 months

Saturday 3rd September 2011
quotequote all
Going to say something different to the others...

Put it on sale now and drive it at the same time.

sone

Original Poster:

4,612 posts

269 months

Monday 5th September 2011
quotequote all
SonnyM said:
Going to say something different to the others...

Put it on sale now and drive it at the same time.
I think this is the answer to be honest. I'll get it on PH
so anyone looking for a low mile f1430 with Ferrari warranty in black let me know.
Thanks for feedback.

Cheers

steve