Discussion
Looks like I'm about to get royally shafted!
Bought a 'Y' for circa £85k in Jan 04, now has circa 13000 on clock. Trade offering in the region of £68k to take off my hands!
Its in excellent nick, I've never tracked it, 4 previous owners, no problems with it at all.
Any suggestions where I can get a better price? I got a totally shit service when I bought it and now to make things worse they want to take my pants down!
Bought a 'Y' for circa £85k in Jan 04, now has circa 13000 on clock. Trade offering in the region of £68k to take off my hands!
Its in excellent nick, I've never tracked it, 4 previous owners, no problems with it at all.
Any suggestions where I can get a better price? I got a totally shit service when I bought it and now to make things worse they want to take my pants down!
Yeah might be an idea, but I have no experience of selling something of this rarity.
What really pisses me off is I have only done 2k miles in it, it had full services including belts from day 1! and apparently it has lost 22% of its value according to the figures!
>> Edited by mudfish on Wednesday 15th September 10:48
What really pisses me off is I have only done 2k miles in it, it had full services including belts from day 1! and apparently it has lost 22% of its value according to the figures!
>> Edited by mudfish on Wednesday 15th September 10:48
mudfish said:
Looks like I'm about to get royally shafted!
Bought a 'Y' for circa £85k in Jan 04, now has circa 13000 on clock. Trade offering in the region of £68k to take off my hands!
Its in excellent nick, I've never tracked it, 4 previous owners, no problems with it at all.
Any suggestions where I can get a better price? I got a totally shit service when I bought it and now to make things worse they want to take my pants down!
Sadly that seems about the going rate, dealers want to take £10k out of the deal, they'll sell it for £78k so to them it's lost £7k
A 20% drop takes some swallowing though.
In answer to a previous question, yes I lost £16k in a year on a TVR Tuscan, and that's 38%!!!!
There's taking a hit for using the car then there's taking a hit for not using the car.....2,000 miles in 8 months!!!??? 
How the hell could you have not been tempted to use this gorgeous machine??
Sorry if there's a good reason but it just upsets me when you hear that more and more of these cars are not being used.
I thought about the resale hit a bit when I was buying mine and I knew I'd drive it a lot and hard so paid a few grand under £70K for a 2001 Y LHD model with 8,000 miles on it....I thought to myself I probably wouldn't take as much as a hit than an exact RHD one but I'm probably wrong....But then again at the end of the day, I've used this baby, as meant to be driven I hope...OK so 1 clutch, 3 tyres, some wheel refurbishments and 6,000 miles in 6 months but I've had some fun
You should get a lot more than £68K for it but a private sale could take a long time...But a trader will give you a good price if they've already got a buyer so the car won't be sitting around long….
Fcuk the hit, not many people can say they owned a Ferrari 360 Modena whether they’ve driven it or not
Good luck.
How the hell could you have not been tempted to use this gorgeous machine??
Sorry if there's a good reason but it just upsets me when you hear that more and more of these cars are not being used.
I thought about the resale hit a bit when I was buying mine and I knew I'd drive it a lot and hard so paid a few grand under £70K for a 2001 Y LHD model with 8,000 miles on it....I thought to myself I probably wouldn't take as much as a hit than an exact RHD one but I'm probably wrong....But then again at the end of the day, I've used this baby, as meant to be driven I hope...OK so 1 clutch, 3 tyres, some wheel refurbishments and 6,000 miles in 6 months but I've had some fun
You should get a lot more than £68K for it but a private sale could take a long time...But a trader will give you a good price if they've already got a buyer so the car won't be sitting around long….
Fcuk the hit, not many people can say they owned a Ferrari 360 Modena whether they’ve driven it or not
Good luck.
Going back to an M3, more practical for business. Couldn't turn up to see my clients in the 360, and as I will be doing more mileage next year thought I should get a more practical machine.
I'm not fussed about the wheels I use on a daily basis. I knew driving the fezza alot would take a hit, but 2000 over 9 months, wtf! thats not alot of miles for a great enjoyment.
Why has it hit me on the re-sale so much?
Do you reckon I hang on to it, while making the dealer network aware I am selling for x amount?
>> Edited by mudfish on Wednesday 15th September 14:43
I'm not fussed about the wheels I use on a daily basis. I knew driving the fezza alot would take a hit, but 2000 over 9 months, wtf! thats not alot of miles for a great enjoyment.
Why has it hit me on the re-sale so much?
Do you reckon I hang on to it, while making the dealer network aware I am selling for x amount?
>> Edited by mudfish on Wednesday 15th September 14:43
keep it... but drive it to death, track it, enjoy it.. for the hit you are going to take, go buy a LHD smart for 3k and keep the 360....
I did 20,000 in my 2000 F1 and nearly 30,000 on my 2000 manual, tracked it, driven it to death... Trade are offering me 62k for it, and I dont mind as I have enjoyed it..
Keep it for another 2 years and put a deposit on the F430 spyder, it will be worth 50k trade then....
to be honest it is wiser to go for an F40, okay 130k plus to buy, but they are not dropping in value.. just something to consider.
>> Edited by okey on Wednesday 15th September 15:08
I did 20,000 in my 2000 F1 and nearly 30,000 on my 2000 manual, tracked it, driven it to death... Trade are offering me 62k for it, and I dont mind as I have enjoyed it..
Keep it for another 2 years and put a deposit on the F430 spyder, it will be worth 50k trade then....
to be honest it is wiser to go for an F40, okay 130k plus to buy, but they are not dropping in value.. just something to consider.
>> Edited by okey on Wednesday 15th September 15:08
To be honest mate I have the same problem. I can't turn up for work in anything to flash. Keep the 360 it's a great car and buy a Skoda diesel for work. You will lose loads on an M3 too and it's not even close to a 360.
If you've got the parking space you then have the best of both worlds. Good luck.
PS how much do you want for it?
If you've got the parking space you then have the best of both worlds. Good luck.
PS how much do you want for it?
okey said:
keep it... but drive it to death, track it, enjoy it.. for the hit you are going to take, go buy a LHD smart for 3k and keep the 360....
>> Edited by okey on Wednesday 15th September 15:08
I'd keep it, an use it more!
Seriously though I sympathise, I'm in a similar position with my 3200GT - having bought and considering trading 12 months on I'm going to get royally shafted financially - the only conslation I have is that I've done 10k in it! I've decided pretty much now to keep the car, grin and bear it and go on Eurohoon/ Le Mans / VMAX etc next year and get my moneys worth
Thing is I can't understand why a dealer would fleece you on potential trade, or even a realistic offer, I know dealers are going to get customers for a red Ferrari, fairly regularly........., so I'm here waiting, they then want to pull my trousers down and have the car sitting on their forecourt for an easy £10k margin?!
Jeez, it had the full belts and annual service the day I took ownership thats got to count for something?!
Jeez, it had the full belts and annual service the day I took ownership thats got to count for something?!
completely agree mudfish.
However I'm sure the dealers take would be that they don't run a plush dealership for 2k per car markup.
Besides they may put the car on sale at a 10k markup, but not many people will pay full asking to a car dealer! On an 85k car at a main dealer you'd be looking to pay 80 or less if you've got a decent bargaining head on!!
In the end you have other options :
1. Go for the 2 car option as the man said previously. A hack mondeo for 3k will be perfectly serviceable, cost peanuts to run and insure and won't make you the object of envy with your clients!
2. Sell Privately.
3. Put the car on sale with an independent and let them take a %age - you'll get more than trade but less than private.
Good luck whatever you choose!
Personally I'm keeping mine. I don't want to take the hit (which BTW is significantly larger than yours on a car worth significantly less than yours!).
I'm keeping because I know the curve will shallow out at some point, and I know I'll love driving the car anyway for the next year or two. (Unless I get mad and get that countach / 512 in the spring...)
However I'm sure the dealers take would be that they don't run a plush dealership for 2k per car markup.
Besides they may put the car on sale at a 10k markup, but not many people will pay full asking to a car dealer! On an 85k car at a main dealer you'd be looking to pay 80 or less if you've got a decent bargaining head on!!
In the end you have other options :
1. Go for the 2 car option as the man said previously. A hack mondeo for 3k will be perfectly serviceable, cost peanuts to run and insure and won't make you the object of envy with your clients!
2. Sell Privately.
3. Put the car on sale with an independent and let them take a %age - you'll get more than trade but less than private.
Good luck whatever you choose!
Personally I'm keeping mine. I don't want to take the hit (which BTW is significantly larger than yours on a car worth significantly less than yours!).
I'm keeping because I know the curve will shallow out at some point, and I know I'll love driving the car anyway for the next year or two. (Unless I get mad and get that countach / 512 in the spring...)
Buying from and selling to dealers you will always take your trousers down.
Keep it, use it, and buy a 2nd hack as mentioned.
Nice cars as M3s are, it'll depreciate like crazy and potentially still raise heckles in your clients if they're that anal.
Alternatively, get yourself different clients. After all, in the grown up world we all have different priorities and if yours happen to be cars, fair dos. Plus, they surely know what they're going to have to pay you? What do they expect you to do with the money, count it?
Keep it, use it, and buy a 2nd hack as mentioned.
Nice cars as M3s are, it'll depreciate like crazy and potentially still raise heckles in your clients if they're that anal.
Alternatively, get yourself different clients. After all, in the grown up world we all have different priorities and if yours happen to be cars, fair dos. Plus, they surely know what they're going to have to pay you? What do they expect you to do with the money, count it?
Gassing Station | Supercar General | Top of Page | What's New | My Stuff