What mileage is "too high" for 55 plate 430?

[kryten22uk]

Currently looking at F430s and mileage seems to be the biggest factor on the prices. A lot seem to have very low mileage. Does that mean that the higher ones should be avoided? Is 9500 miles too high for a 55 plate?

I'm thinking that I'll probably do 5k per year and hence it'll be 19k miles by the time I sell, which is perilously close to 20k. Is 20k still a psycological barrier for newer Ferraris?

Many Q's. Thanks in advance.

[Ade355]

It depends on the rest of the spec of the car, and what you would have to pay to get it. If you are talking 100K for this car then I would bite the bullet and budget a 20K loss over 2 years.

[kryten22uk]

Ade355 said:

It depends on the rest of the spec of the car, and what you would have to pay to get it. If you are talking 100K for this car then I would bite the bullet and budget a 20K loss over 2 years.

you cant get £100k for any car at moment (well not a main dealer Rosso/Crema F1). Its not a minimum spec (has Daytona Seats, stitching etc). Its marketed at £109k. A similar 6k miles one is at £112k, and one with 2k miles is £119k (albeit 6mths younger).

Edited by kryten22uk on Tuesday 1st April 12:16

[jackyum]

If your happy with the car and mileage no problem, buy it the car is more than capable of doing the mileage.

No doubt it is priced now to take into account the mileage so when you sell you can do the same.

Hope that helps if you get what I'm trying to say.

[kryten22uk]

Thanks. It does make sense, and I'm coming round to the idea. (ps feel free to move any further comments to my new thread). ta

Edited by kryten22uk on Tuesday 1st April 14:37

[david360]

I was offered, and had for the day a red 430 F1 with cream 12,000 on 06 plate for £108,000 from bentley manchester didnt buy it cause I feld I was driving on it rather than in it. I felt I was sat too high in the seat at its lowest level.

[BermyAndy]

Just out of interest (and maybe this a question that cant be answered) but how much of the depreciation from mileage is 'real'. By this I mean, lots of people want low mileage ferraris because they have heard this, or that, and therefore are willing to pay a premium (or atleast buy a less depreciated car) to get the lower miles.

Are ferrari;s really going to fall apart and blow up if they have done more than 5k a year? Surely you would take comfort from a car that has been able to be used regularly, and has had any niggles ironed out, as opposed to one that has been in a garage most of its life

It just seems odd for this marque to have value so dependent on mileage?

[jackyum]

No car should be stood up because over time the oil will drain from the pistons and every time it's started it will be running with dry pistons, no good for any car.

I would prefer one that has been used than stood up.

[900ssduke]

From my limited experience, the cars are good for considerable mileages and mileage alone should not be feared. Some 360 guys in the forums claim an easy 75 - 100k. Unlike any other car however, mileages have a considerable impact on resale. Any age of car with over 15k can be deemed "high mileage". Dont avoid "high mileage" cars, just dont pay too much for it and expect the same if you come to re sell. If you are going to pile on the miles, you might be better getting a car with more than 15K on it. Drive the things.

Edited by 900ssduke on Wednesday 2nd April 09:30

[Trommel]

Remember that loads of them are clocked in any case. Allegedly.

[Ade355]

Trommel said:

Remember that loads of them are clocked in any case. Allegedly.

Surely an experienced tech with an SD3 should be able to see indications on a 430F1?

BTW, the car is depreciating £500 per month without even driving it, so forget the mileage issue make a decent offer and go for it.

[Caruso]

BermyAndy said:

Just out of interest (and maybe this a question that cant be answered) but how much of the depreciation from mileage is 'real'. By this I mean, lots of people want low mileage ferraris because they have heard this, or that, and therefore are willing to pay a premium (or atleast buy a less depreciated car) to get the lower miles.

Are ferrari;s really going to fall apart and blow up if they have done more than 5k a year? Surely you would take comfort from a car that has been able to be used regularly, and has had any niggles ironed out, as opposed to one that has been in a garage most of its life

It just seems odd for this marque to have value so dependent on mileage?

The depreciation in market terms is real, and that matters. But if you plan to keep a newish car for a long time, then there are savings to be had through buying a higher mileage car over a lower mileage one.