I havent even got to the wheeling and dealing yet. I am still trying to figure out if the over 1000 car payment is something I want to do. I am looking at an '06 430 red coupe berlinetta with 12k miles. they want 134,000. To much? any type of advice is wanted.
Nice to see you over here on FLife also.
The car you're referencing appears to be over priced, but we don't know anything about the options, which on the F430, does make a difference. Also assuming it's a F1 car, and not a 3-pedal version - there are price differences there also.
Was bummed to hear Cheng doesn't think it is a buyer's market anymore due to seasonality. Indeed, this is sort of confirmed by the Asking Price Index on FML. That has been trending *slightly* UPWARD since January. Weird. But, in GENERAL, you can expect these cars to continue to depreciate - they are not limited production collectibles. There are SO MANY for sale right now. For that reason alone, I'd still assume it's a reasonable buyer's market. Hubris from dealers is another issue altogether.
Anywho, basically I'll give you the same advice as I gave you on FChat. To determine if it's worth your money, the best thing to do is to drive the car (World Class Driving or Exotics Racing come to mind - there's even a track at Walt Disney World where you can drive an F430!). In fact, if price is a consideration (indeed, it is to me too), then perhaps try to get behind the wheel of a 360 as well. They're less costly to buy, but can be more expensive to maintain.
Remember, the acquisition cost part of the Ferrari purchase is only PART of the occasion. Not only do you have to be able to afford the car, you have to be able to afford to maintain it. People quote about $2,500 annual maintenance on a 360, and about half that much for an F430 due to differences in construction.
Back to your pricing question - I know for certain that you can get 2006 Red/Tan F430 F1 Spiders (20k mi.) in the mid-teens. So, what reason would you have for paying close to the $134k asking price on the 2006 coupe with a few less miles? Must be something special...
Good luck - get behind the wheel and your decision will be made. Up until I got behind the wheel, owning a Ferrari was never a serious goal for me. After that point, I was almost consumed by it!