Scud for the summer - worthwhile? - Ferrari Life
 
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post #1 of 11 Old 04-11-2013, 03:54 AM Thread Starter
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Scud for the summer - worthwhile?

We are in the process of moving from Switzerland back to the UK. Unfortunately I rather hastily sold my CS just before the winter.

At the dealer where I bought (and sold) the CS I see that they have Scud for sale:

FERRARI F430 Scuderia, Occasion, Benzin, 25'250 km, CHF 144'900 - AutoScout24

Price seems very reasonable and I could buy, keep until September when we move then get them so sell it for me on commission. Unfortunately I couldn't take it back to the UK with me as I would get stuffed for 20% VAT (you can get an exemption but you have to have owned the car for at least 6 months).

I am tempted but it would only make sense if prices remained stable and I could sell it on without too much of a loss.

I am going to see it tomorrow morning. I think I will need to make the decision on the spot as they have someone coming the day after that is very keen to buy.

What do people think of the car and the idea?

(Car was originally sold by F dealer in the Italian part of Switzerland and has had 2 owners, both known to the specialist dealer selling it. They are selling it on behalf of the owner so no warranty. Front spoiler needs painting and it will be serviced).
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post #2 of 11 Old 04-11-2013, 09:13 AM
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Two thoughts....
1. you only live once so as summers fast approaching do it!
2. How long are you going to the UK for as you may be better to pick one up over there, they are currently being offered for circa 120k, with 10k miles & pricing has remained firm for well over a year now.
Good luck in your decision making

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post #3 of 11 Old 04-11-2013, 09:40 AM Thread Starter
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Move back to the UK should be permanent.

When we move back I won't be working (at least initially) so I was thinking of something with a lower outlay (550 or 355). Thought I could treat myself with a Scud before the paychecks finish. I know that is psychological.
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post #4 of 11 Old 04-11-2013, 10:14 AM
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Personally, I don't think buying a clean Scud is ever a poorly made decision. It's a fantastic car, great fun to drive.


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post #5 of 11 Old 04-11-2013, 10:31 AM
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SM- Just think of the depreciation loss as a rental fee for 5 months and it sounds like a good deal. Plus you probably eventually want a RHD car if you are permanently moving to the UK. Did not bother me driving a LHD 308 GTS in the UK for 3 years, though. You could always stretch your Swiss stay to get to 6 months if you love her and want to keep her.

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post #6 of 11 Old 04-11-2013, 11:09 AM
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You only live once. If you can, why not?
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post #7 of 11 Old 04-11-2013, 06:09 PM
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You had one of the best if not the best Stradale's ever.

The Scud is your best remedy

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post #8 of 11 Old 04-11-2013, 07:09 PM Thread Starter
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Unfortunately can't extend our stay here beyond beginning of September as my daughter starts school in the UK (plus various other reasons). If I hadn't been tied up with selling and buying property I could have found something earlier.

If this Scud had been like the Stradale (ultra low miles) it would be an easy decision as I know I could sell it on easily with only a small drop in value but not so certain with this car as relatively high mileage. Also wonder whether increased supply of 2nd hand 458s will push down the value of all 430s, even the Scud.

Any thoughts on the spec of this particular Scud? Being in resale red probably helps. Is it missing any key extras?

Hope the weather stays dry this morning so that I get to drive it as that might make the decision for me :-)
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post #9 of 11 Old 04-11-2013, 09:18 PM
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I doubt 458s will have much impact on Scud values, early 458s have been at or lower than Scud prices for a bit now and Scud prices have not moved in over a year. Law of supply and demand is also on the Scuds side, right now there are 10X the number of 458s for sale.
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post #10 of 11 Old 04-11-2013, 11:01 PM
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A summer of alpine driving in a Scud seems like a temptation impossible to resist to me.

The Scud looks good to me, not specced to the hilt as far as I can see but that wouldn't have an impact on yout depreciation anyway.

I think the main thing is to decide what you can sell it for. I think it would be reasonable to assume you get 125k - 130k back if you take the commission off. If you can live with that, then go for it.


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post #11 of 11 Old 04-12-2013, 01:48 AM Thread Starter
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Quote:
Originally Posted by JazzyO View Post
A summer of alpine driving in a Scud seems like a temptation impossible to resist to me.

The Scud looks good to me, not specced to the hilt as far as I can see but that wouldn't have an impact on yout depreciation anyway.

I think the main thing is to decide what you can sell it for. I think it would be reasonable to assume you get 125k - 130k back if you take the commission off. If you can live with that, then go for it.


Onno
I went to see it (and drive it this morning). Lovely. Weather was not good with light rain but it was still great fun. I have left some questions with the dealer (clutch, brakes, tyre profile and whether the car was ever used on the track) but car looks straight. Some stone chips at the front and the front spoiler has a slight dent (will be repaired and repainted). Obviously not as pristine as my CS as this car has seen more action (25'000).

One issue is that when I finish with it it will have 30'000 km on the clock and so will need a 30'000km service before I can sell it, which will mean a loss of another CHF 2'000 or so.

If I were confident to get back CHF 130'000 I'd go for it. Although...just sent the wife an email detailing the plan and not heard back from her yet (waiting for an explosion in my inbox!)

With reference to Boxer's point: market here in Switzerland seems a bit different from the UK and I don't understand it as well. There are loads of Scuds/16Ms available (25 I think I counted on Autoscout), whereas in the UK I understand from other forums that good Scuds are very thin on the ground and sell very quickly when they come up. A lot of the Scuds here have been on the market for over a year (as I recognise them from when I was looking this time last year). Admittedly those are the ones at (unrealistic?) high prices.
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