Join Date: Jun 2002
Location: USA & Singapore
Ferrari Life Posts: 5,509
There is no "Depreciation" on an '82 Mondial. The price is purely driven by the market. If the car is in great condition and the maintenance records are in order, you should not "lose" money on the car. There's a guy named Dane lurking around this board that had to sell his Mondial within 2 years and I believe he did OK on the deal. He treated his car with all the attention it deserved and the buyer definately got a great car worth the price.
I think price is pretty much driven by the buyer, not the seller. You'd need to find someone who wants that exact car to command the best price. So I think it is a relation between price and time. If you want a high price be prepared to wait. You see high prices on Ferraris and you think, "Wow. Those things sure go for a lot of money!" But then you realize that that particular car has been for sale for over a year.
The value on my car seems to fluctuate between $25k and $35k. Right now I don't want to sell it so it is worth $35k if someone wants to buy it. If I wanted to sell it but didn't need to sell it, I'd probably look at asking around $30k OBO. If I needed to sell it in a hurry - $25k OBO or less depending on circumstances.
Just some ramblings, but I hope it helps. But don't buy a Ferrari as an investment, buy one because you want one!
'79 308 GTS, '82 Jeep CJ7 Jamboree
"Time is what prevents everything from happening all at once."