Appreciation / Depreciation info
Discussion
Just wondering if anyone knows the best place to research Ferrari resale trends, specifically on mid / low-priced classics such as the 328GTS, value between £30K & £40K. Bascially I'm toying with idea of grabbing one and holding on to it for a few years, doing maybe 2.5K dry miles a year, but I wouldn't want to go down that route without fully understanding the trends. In other words, whilst I wouldn't think of it as an investment I don't really want to lose a bunch on resale after a couple of years.
carmonk said:
Just wondering if anyone knows the best place to research Ferrari resale trends, specifically on mid / low-priced classics such as the 328GTS, value between £30K & £40K. Bascially I'm toying with idea of grabbing one and holding on to it for a few years, doing maybe 2.5K dry miles a year, but I wouldn't want to go down that route without fully understanding the trends. In other words, whilst I wouldn't think of it as an investment I don't really want to lose a bunch on resale after a couple of years.
Last year I bought a limited edition Ferrari. I had the intention of leaving it in the garage to ensure that it would appreciate in value - probably over 20 years. Then as I kept looking at it, putting the cover back on it, I got to realising that the only person who would benefit from its [possibly]appreciating value in about 25 years, was my bloody nipper!! In the meantime I would drool over it, wash it, polish it, keep it covered and safe, then probably die miserable! I thought to hell with this - that car is meant to be driven! So I took it to Spain, had such a wonderful time I am going again next year. I still wash it and polish it and drive it about 3000 miles and if it doesent appreciate (and I am certain now it wont!) who cares - I drive a Ferrari!!!!!!!!!!!!!!! 
. For sure, I'm not interested in it being an alternative to a bank, but as Sesto reiterated I wouldn't want to lose too much on it. I certainly wouldn't just keep it in the garage, it would be driven several K a year, otherwise I'd rather not have one at all. I can fully understand that to some people owning a Ferrari is worth almost any amount of money but I'm far from what you'd call rich so I want to make an informed and justifiable choice.
High on the list
jontysafe said:
I`d plumb for a carb`d 308 in desirable rosso/corsa. Is that in budget?
High on the listAll the stats & research in the world will not tell you where you are buying in the price curve - any new car will depreciate to about 30 % in 5 years - your figures might tell you that you might do better but there can be no certainty becuase no market is completely predictable
And I suspect that most Ferrari owners aren't rich - only a very small percentage of the ten thousand (?) cars in the uk are worth more than a hundred thousand pounds and a high proportion such as those you are looking at are well under fifty thousand ie the price of a fairly average slightly upmarket family saloon car
And I suspect that most Ferrari owners aren't rich - only a very small percentage of the ten thousand (?) cars in the uk are worth more than a hundred thousand pounds and a high proportion such as those you are looking at are well under fifty thousand ie the price of a fairly average slightly upmarket family saloon car
jontysafe said:
I`d plumb for a carb`d 308 in desirable rosso/corsa. Is that in budget?
I bought one 2 years ago, with the plan to drive for 6 months and sell.The sound from the carbs is great.
I keep thinking of selling, but every time I clean it ready to sell, it reminds me why I wanted it in the first place.
johnnyreggae said:
And I suspect that most Ferrari owners aren't rich - only a very small percentage of the ten thousand (?) cars in the uk are worth more than a hundred thousand pounds and a high proportion such as those you are looking at are well under fifty thousand ie the price of a fairly average slightly upmarket family saloon car
Average income is £25k or so....gross. Average F must be £50k, even if you include all the second hand ones on the market. When just one of your cars is twice the national average wage, you're probably doing ok.We all have different perceptions of "rich", but based on what the average person in the street would think, most Ferrari owners are rich.
The thing that makes most Ferrari owners seem rich is that they have or had £30k+ to spend on a toy and didn't need that money for anything else.
I own fully an 80s 911, but even this can be costly to look after properly and was fairly cheap to buy, but only because I knew I wouldn't loose my shirt on it. It has slightly risen in value, but the cost of ownership outstrips that.
Some people might say that I am rich because I can afford a couple of grand a year to spend on a toy. I don't see myself as rich, I couldn't justify a Ferrari (yet) and I can't justify a top end family car and have never brought a new one.
There is nothing wrong with going into this kind of purchase with your head, for many of us it is what makes it affordable.
I own fully an 80s 911, but even this can be costly to look after properly and was fairly cheap to buy, but only because I knew I wouldn't loose my shirt on it. It has slightly risen in value, but the cost of ownership outstrips that.
Some people might say that I am rich because I can afford a couple of grand a year to spend on a toy. I don't see myself as rich, I couldn't justify a Ferrari (yet) and I can't justify a top end family car and have never brought a new one.
There is nothing wrong with going into this kind of purchase with your head, for many of us it is what makes it affordable.
supersport said:
I own fully an 80s 911, but even this can be costly to look after properly and was fairly cheap to buy, but only because I knew I wouldn't loose my shirt on it.
How could you know this ? Surely you could only hope supersport said:
Some people might say that I am rich because I can afford a couple of grand a year to spend on a toy. I don't see myself as rich, I couldn't justify a Ferrari
And yet your Porsche probably cost the same as some Ferraris both to buy and maintainI can't see 328"s going down in value at all. The key is getting a good one.
If you look at the price of them now compared to say 6 years ago they have gone up maybe 20-30%. I know because I looked back then and got one this year with the receipt from the last owner.
They looked dated 5 years ago but they they look very cool. Cars are going to Aus so UK stock getting smaller. Can only help prices IMO.
If you look at the price of them now compared to say 6 years ago they have gone up maybe 20-30%. I know because I looked back then and got one this year with the receipt from the last owner.
They looked dated 5 years ago but they they look very cool. Cars are going to Aus so UK stock getting smaller. Can only help prices IMO.
wineman02 said:
I can't see 328"s going down in value at all. The key is getting a good one.
If you look at the price of them now compared to say 6 years ago they have gone up maybe 20-30%. I know because I looked back then and got one this year with the receipt from the last owner.
They looked dated 5 years ago but they they look very cool. Cars are going to Aus so UK stock getting smaller. Can only help prices IMO.
Interesting, I was getting the impression that a low mileage model kept in A1 condition wouldn't depreciate but a 20% rise is significant.If you look at the price of them now compared to say 6 years ago they have gone up maybe 20-30%. I know because I looked back then and got one this year with the receipt from the last owner.
They looked dated 5 years ago but they they look very cool. Cars are going to Aus so UK stock getting smaller. Can only help prices IMO.
johnnyreggae said:
supersport said:
I own fully an 80s 911, but even this can be costly to look after properly and was fairly cheap to buy, but only because I knew I wouldn't loose my shirt on it.
How could you know this ? Surely you could only hope johnnyreggae said:
supersport said:
Some people might say that I am rich because I can afford a couple of grand a year to spend on a toy. I don't see myself as rich, I couldn't justify a Ferrari
And yet your Porsche probably cost the same as some Ferraris both to buy and maintainI was put off the Ferrari by stories of expensive servicing, cam belt every couple of years and sadly the lack of a third seat, my son was 9 months old when we got the Porsche.
It is quite possible that the costs are not as bad as I thought, but I would have expected to pay around £30K for a car in first place, which I could not justify (well I could but the wife
)Edited by supersport on Monday 31st October 16:10
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