current F40 pricing - Ferrari Life
 
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post #1 of 15 Old 04-15-2013, 06:46 PM Thread Starter
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current F40 pricing

Hi All, several months back, I decided that I wanted an F40. I was toying with the idea of importing one to save a few dollars. I spoke with all the regular F40 guru's and was told at the time that I should be able to get a good one for 600k.

I will admit, I have been distracted as of late, so my search efforts were not top priority, but I have been reading some collector mags, and with the sudden and dramatic increase in price for most classic cars, I couldn't help but wonder if the price on F40s have went thru the roof recently.
I see an F50 sold recently for 1.3m and an Enzo for 1.4m. Can the F40 be way behind? I realize there are approx. 3 times the amount of F40s to those others. I have not seen any recent sales of F40s to gauge my thoughts.

If they went up too much, I will simply have to either wait it out, or scrap the idea altogether.

Any input would be appreciated.

Kind regards

Rich
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post #2 of 15 Old 04-16-2013, 11:27 AM
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Over in Europe, I don't think F40 prices have taken any significant recent jump.

here is a decent one: Ferrari F40 For Sale | Kent, South East, Kent | Simon Furlonger Specialist Cars
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post #3 of 15 Old 04-17-2013, 05:08 AM
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Over in Europe, I don't think F40 prices have taken any significant recent jump.
Maybe not a jump but they are still rising. Asking prices are now well over €500k for good ones (say less than 12,000 kms non-cat non-adjust), 10 - 20% up from 2012. That barrier was not broken until recently. The one that you show the link to has significant miles for an F40, and I believe that car would have been for sale for 15% less 6 - 8 months ago.

Looks like a nice car though, and I personally wouldn't be all that fussed about mileage if the car has proper history and full maintenance records from well-known specialists, which it seems to have.

I think the F40 market is really healthy. No sudden rises, just a nice growth profile. With the number built, it is not so likely that they will go "through the roof" like, particularly, the F50.

But this market outside the F40 is very weird at the moment and I expect some odd things will happen this summer, especially now that gold has scared investors to death.

Just my €0.02.


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post #4 of 15 Old 04-17-2013, 05:23 AM
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Maybe not a jump but they are still rising. Asking prices are now well over €500k for good ones (say less than 12,000 kms non-cat non-adjust), 10 - 20% up from 2012. That barrier was not broken until recently. The one that you show the link to has significant miles for an F40, and I believe that car would have been for sale for 15% less 6 - 8 months ago.

Looks like a nice car though, and I personally wouldn't be all that fussed about mileage if the car has proper history and full maintenance records from well-known specialists, which it seems to have.

I think the F40 market is really healthy. No sudden rises, just a nice growth profile. With the number built, it is not so likely that they will go "through the roof" like, particularly, the F50.

But this market outside the F40 is very weird at the moment and I expect some odd things will happen this summer, especially now that gold has scared investors to death.

Just my €0.02.


Onno
I fully agree with Onno! I may add that IMHO i think the F40 market should go up probably faster than what Onno expects. It is a super car that itīs price is so close to a 599GTO or an F12 that for me it shows that the F40 is somewhat underpriced!
One thing i did not understand Onno was you comment on gold and how does it relate to Ferraris. Please elaborate a little more!!!!

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post #5 of 15 Old 04-17-2013, 08:28 AM
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that for me it shows that the F40 is somewhat underpriced!
Well, you are marketing your own asset there Pablo, so there is a little bias I think.

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One thing i did not understand Onno was you comment on gold and how does it relate to Ferraris. Please elaborate a little more!!!!
I'm not sure if you have seen what happened to the gold price this week, but it lost almost 25% of value in the space of 2 days. There was HUGE panic selling. Things have stabilised for the moment, I think, but many people got a big fright (and lost a lot of money). A car trader phoned me and said that he wanted to get more into the market, particularly rare and vintage Ferraris, because he believes even more people will now invest into cars because they are scared about putting their money into stocks, bonds, houses and now gold as well. There are very few good markets at the moment, so the classic and rare car really looks attractive.


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post #6 of 15 Old 04-17-2013, 12:16 PM
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Originally Posted by JazzyO View Post
Well, you are marketing your own asset there Pablo, so there is a little bias I think.



I'm not sure if you have seen what happened to the gold price this week, but it lost almost 25% of value in the space of 2 days. There was HUGE panic selling. Things have stabilised for the moment, I think, but many people got a big fright (and lost a lot of money). A car trader phoned me and said that he wanted to get more into the market, particularly rare and vintage Ferraris, because he believes even more people will now invest into cars because they are scared about putting their money into stocks, bonds, houses and now gold as well. There are very few good markets at the moment, so the classic and rare car really looks attractive.


Onno
Jajaja... very bias!!!!!
On the gold issue where do you think will go! I know you have reasons to know this things!

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post #7 of 15 Old 04-17-2013, 05:15 PM Thread Starter
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Thank you all for all the insight, however, the gold sounds good too. I don't watch the market as close as I should, which is plain foolish, but true. Now if I can acquire gold at the right time, the F40 pricing will be less important. Lets talk gold!!

Back to reality, I will continue my search. I originally was looking outside the USA and one of the big f40 brokers scared me off that, so I stayed looking in the US market. Very little for sale. I can't help but wonder if anyone who was selling, who did not need to is now taking a "lets wait and see" approach. I have seen some very strong upward movement lately, and many of the "experts" say they do not see a slump in the near future. I find it hard to think it can sustain at this rate, but I also sold my Ford stock when it hit 6.00 a share, so that shows how little I know about investing!

Thanks for the link Boxer, very nice car. A little miles certainly does not scare me.


Regards

Rich
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post #8 of 15 Old 04-17-2013, 08:32 PM
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Thanks for the link Boxer, very nice car. A little miles certainly does not scare me.
+1, F40s are now in the 25+ year old group and condition not mileage should be the major driver of values.
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post #9 of 15 Old 04-19-2013, 04:19 PM
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+1, F40s are now in the 25+ year old group and condition not mileage should be the major driver of values.
Does that mean I've got to put another 10kkm on this year... oh what a shame
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post #10 of 15 Old 04-20-2013, 10:38 AM
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Does that mean I've got to put another 10kkm on this year... oh what a shame
Yes.
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post #11 of 15 Old 05-04-2013, 01:41 AM
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I'm sure a few of us will be keeping a close eye on this!

UK F40 @ Ģ495k
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post #12 of 15 Old 05-04-2013, 03:36 AM
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I'm sure a few of us will be keeping a close eye on this!

UK F40 @ Ģ495k
Does it have adjustable suspension?

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post #13 of 15 Old 05-04-2013, 04:02 AM
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post #14 of 15 Old 05-04-2013, 05:03 AM
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I was quite intrigued by the LM conversion at Joe Macari. Looks like a quality conversion, lots of fun. But of course never as valuable as an original car.


Ferrari F40 - All Cars for Sale - Cars for Sale - Joe Macari

They also have a regular car with high mileage.

Ferrari F40 - All Cars for Sale - Cars for Sale - Joe Macari


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post #15 of 15 Old 05-04-2013, 09:55 AM
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I was quite intrigued by the LM conversion at Joe Macari. Looks like a quality conversion, lots of fun. But of course never as valuable as an original car.


They also have a regular car with high mileage.

Ferrari F40 - All Cars for Sale - Cars for Sale - Joe Macari


Onno
I would call it nicely broken in. On an annual basis, that is only 3k km per year.
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