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Discussion Starter #1
When will the 550 reach it's lowest price ?

Or has it already?

Also, is there any word on the replacement for the 575M

From reading it seems that the current car market costs lower when a new model replaces the past one, would the 575M be considered the true 550 replacement or will a totally new car eclipse both?
 

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My 550 will be worth nothing when I am done with it. It will be a piece of junk. Maybe someone stupid will try to make it good.

Good Luck.

Buy one quickly before the cost goes up again.

8)
 

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Many magazine reviews have put the 550 ahead of the 575. So it will not depreciate as fast as many of us would think. But then again the US market may react differently.
 

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Discussion Starter #4
Hmm thats interesting

does the F1 trans. of the 575M have anything to do with that?
 

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Botto said:
Hmm thats interesting

does the F1 trans. of the 575M have anything to do with that?
Not really. It's the total package. The first road test by autocar found the 575 "impossible" to drive in the wet. The rear was trying to stick out at every corner in the wet! Ferrari made changes to the 575 and while it worked in the dry, it was terrible in the wet. Ferrari signed off the car when they have not fully sorted it out. But they have made changes since. The 575 with the Fiorano package does not have this problem. The magazine recommend that the 575 should be ordered with the Fiorano package option.
 

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Like any "investment", it is impossible to pick the "lowest-price-point" exactly (unless you have inside information!).

The price regime shouldn't change "overnight", so my advice is to check out the Ferrari market guides & market letters and keep an eye on the 6-month / 12-month / 24 month trends. Over the past 6-months the 550 may still be depreciating, but maybe at a slower rate than the past 12 or 24 months. When the 6-month rate flattens, you're at the bottom I guess.

There's no substitution for doing your own homework here, I'm afraid. Others may say "buy now!" but it's your cash.
 

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Both the 550 and 575 are fast deprecating Ferrari's thats the bottem line. Thats not to say they are not great cars, its just a fact that the second hand market demand cannot support the origional asking price. The same goes for the 456 where resale values are even worse, "horrific depreciation" is a more appropriate description.

If you are concerned about resale value and need to drive a more recent Ferrari model, my advice is stick to the 360 or 355. I've estimated I've lost on average about $5k per year in depreciation on these cars over the last 5 years which I consider acceptable considering the initial outlay.

Derm
 

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Discussion Starter #8
I don't own one yet but I plan on purchasing one, So i was just wondering what year some Ferraristi would consider the 550s to reach their low points of price before rebounding?

The 456 also interests me, has it yet reached its price low or is the 612's entry going to push it down even further?

Also, is there any word on the 575M's eventual replacement?
 

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The 456 has a lot of problems. If you want to buy that model get the 456M. But the 550 is the car to buy, if you're in the market for a V12 Ferrari.
 

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Sorry Botto, but you may have to wait a while.

If you check the Ferrari Market Letter you can see that (generalising a bit here ) most cars of the 70's are slowly appreciating, most cars of the 80's are still v. slowly depreciating and most 90's and newer models are still dropping significantly. This excludes all the "special" models like 280GTO, Daytonas, etc, etc which have their own markets.

This is pretty much in-line with a lot of desirable (but not totally unreachable) cars, in that after about 15-20 years they have gone from "cool" through "uncool" and are coming back into demand.

Derm - I reckon -$5K p.a. is bloody terrific considering what a 360 costs. :up:
 

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4kids3fish said:
Sorry Botto, but you may have to wait a while.

If you check the Ferrari Market Letter you can see that (generalising a bit here ) most cars of the 70's are slowly appreciating, most cars of the 80's are still v. slowly depreciating and most 90's and newer models are still dropping significantly. This excludes all the "special" models like 280GTO, Daytonas, etc, etc which have their own markets.

This is pretty much in-line with a lot of desirable (but not totally unreachable) cars, in that after about 15-20 years they have gone from "cool" through "uncool" and are coming back into demand.

Derm - I reckon -$5K p.a. is bloody terrific considering what a 360 costs. :up:
Yeah 4kids3fish, its a good deal for this sort of car. The demand is huge for the 360 right now in the US, Ferrari US is having its best year so far and thats pushing the secondhand market prices upwards again.

I think the 612 will suffer the same fate as the 456 (Rapid depreciation) once the initial excitement dies down. The 456M is way too expensive and is very hard to sell based on feedback from dealers I know, so I'd be very cautious about putting my hard earned cash into a car that may loose in excess 10% of its value every year ($25k+). I have to agree with Stradale, if you want a recent v12 the 550/575 is the way to go but make sure you have a friendly bank manager!

Derm :nuts:
 

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Discussion Starter #12
Well this purchase will not for several years

So with the general 'trend' of the Ferrari market, the 550 is still in it's "drop" ??

Is there any sign how long this price drop will continue?
 

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I've noticed all the highline cars drop in value recently. I suspect it has to do with the price of gasoline. When gas goes down, the price of these cars goes up.
 

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Pete04222 said:
I've noticed all the highline cars drop in value recently. I suspect it has to do with the price of gasoline. When gas goes down, the price of these cars goes up.
The reason for the 456's drop is because it is a 2+2 Ferrari. This car has taken a pounding with drops of 50% of its sticker value.
 

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Pete04222 said:
I've noticed all the highline cars drop in value recently. I suspect it has to do with the price of gasoline. When gas goes down, the price of these cars goes up.
So then, isn't this the best time to buy the 550?
 

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Stradale said:
Pete04222 said:
I've noticed all the highline cars drop in value recently. I suspect it has to do with the price of gasoline. When gas goes down, the price of these cars goes up.
So then, isn't this the best time to buy the 550?
The best time to buy a 550 is when you can afford one!!!! :green: :green: :green:
 

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Pete04222 said:
Stradale said:
Pete04222 said:
I've noticed all the highline cars drop in value recently. I suspect it has to do with the price of gasoline. When gas goes down, the price of these cars goes up.
So then, isn't this the best time to buy the 550?
The best time to buy a 550 is when you can afford one!!!! :green: :green: :green:
You got it Pete!!!

Derm
 
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