Have F430's bottomed out?

[dvb247]

I've always fancied an F-car, I've been following F355's for the last 4 years, got very close but just can't get on the the interior, looked at 360's but they don't float my boat so to speak, both cars look stunning on the road but I like more modern interiors, the Gallardo is also poor for interior but again stunning exterior so although a sound investment, it's not for me, it's not an F-car, so I'm now considering an F430, must be a spider in red with race seats.
My question is, have they bottomed out? I don't mind losing some money per year but I don't want to ballon money as I have just done, 30 months with a Range Rover Sport, lost £27k from new in 2012, ouch, even more painful is that had I purchased th F355 GTS for £35k I'd be up £10k (((((

[Babw]

I personally don't think so. The 458 is such a big improvement that 430 owners I know are changing into them but the gap financially speaking is also pretty large so not all 430 will have this luxury available to them.

I think F355 will overtake the 430 and 430 will drop to around 360 levels before stabilising. What I can't decide on is whether 360's will appreciate significantly anytime soon as the F355 offer a more raw experience while the 430 offer a newer/faster option.

This is purely based on my observations as someone who's been considering a first Ferrari for some time and due to the relative overlap of 355/360/430 values I can't quite decide.

[GRBF430F1]

F430 was such an improvement over the 360 I can't see it dropping to that level and will always command a premium.
F355 is a different type of car and the last of the pretty Ferrari's IMHO. Its appreciation has been fairly slow but a good one is definitely worth more than a 360 now

I sold my F430 Spider rosso corsa, challenge rear grill and racing seats over a year ago now and TBH I think I would have got the same if not more money today.

I reckon an early, entry level F430 in the £60's is a fairly safe bet and you are certainly not going to lose £27k on it in 3 years although maintenance maybe slightly higher

[mwstewart]

I can't see that you will loose much, if at all.

Incidentally I think its a far better looking car than the 458, but I haven't driven one

[anonymous-user]

Epic lurking

[CGF993]

GRBF430F1 said:

F430 was such an improvement over the 360 I can't see it dropping to that level and will always command a premium.
F355 is a different type of car and the last of the pretty Ferrari's IMHO. Its appreciation has been fairly slow but a good one is definitely worth more than a 360 now

I sold my F430 Spider rosso corsa, challenge rear grill and racing seats over a year ago now and TBH I think I would have got the same if not more money today.

I reckon an early, entry level F430 in the £60's is a fairly safe bet and you are certainly not going to lose £27k on it in 3 years although maintenance maybe slightly higher

This is a very relevant thread to me as I have had the pleasure of owning a 355 Berlinetta for the past 6 years and love it.
It is an absolute event every time I drive it and the click click click while changing through the manual box is a lovely sound which I will never tire of.
With the values increasing slowly and steadily I have decided to keep it long term and get an F430 spider which is a totally different experience.

I have just had an offer accepted on a 2006 F1 430 spider in red with cream leather, Daytona seats and carbon dash, its a lovely genuine car just coming up for 15,000 miles.
I drove it yesterday and with the paddle shift and technology advances over the 1998 355 it was an very different car to drive as you would imagine and one where I think the 2 will compliment each other.
I feel the 430 prices may not have bottomed out but don't see them dropping much more, the 360 is holding quite strong and like GRB I don't see the 430 dropping below 360 prices.
I have never fancied the 360 and with the step change in technology that the 430 offers it was an easy choice.
I chose the Spider again to give a contrast from the 355 Berlinetta, knowing my luck we won't get another summer like this year to take full advantage.

I love the way the 430 roof folds away under the rear body and doesn't look like a pram on steroids like some cars, also with the roof up it gives the feeling of a coupe with a good fitting roof that has the lining you would find in a coupe.

The engineering and race derived technology that a Ferrari offers go to make a work of art and we are very fortunate to drive such great cars.

Charlie

Edited by CGF993 on Sunday 9th November 19:44

[dvb247]

Charlie, you must consider yourself a blessed man, an F355 and an F430 is an awesome combo to own, well done to you, a pic would nice!

As I've said, 4/5 years I've been in a position to buy at a push one of the 3 mentioned, 355/360/430, its just such a scary prospect for a mere mortal family man in his early forties to take the leap, if I don't do it soon I'll bottle it and never have one, I recall my father always saying he'll have a Porsche this year, as each year past it became clear to me he never would, and there's a sadness to the story because we all try to be financially savvy, that's life, but clearly this paralysed my father from his dream car and now I know how that feels!!!

I feel I must tick this box so I can experience the ownership, the owners clubs, the meets, the trip to Maranello etc etc etc. all part of the dream to me, its more than a car a Ferrari, at least I hope thats how it is??!!

[TISPKJ]

Guys, if you buy any of these 3 cars the right way you won't be disappointed with both the ownership and the resale.
355 appears to have gone crazy, 2 years ago I sold my car for approx 17k less than they are now.
I bought a 360 2 years ago and they have at worst stayed the same money and in most cases risen a few k.
Can't now decide between 430 or a gallardo, gallardo,s were cheaper 5 years ago than today, if I go 430 route I wouldn't expect to loose much except on maybe the 85k cars.
A 360 is a better car than a 355, a 430 a much better car than a 360, sadly that does not always equate as to there value or this game would be easy.
Buy a 65k 430 or either of the others and you shouldn't loose much.

[CGF993]

dvb247 said:

Charlie, you must consider yourself a blessed man, an F355 and an F430 is an awesome combo to own, well done to you, a pic would nice!

As I've said, 4/5 years I've been in a position to buy at a push one of the 3 mentioned, 355/360/430, its just such a scary prospect for a mere mortal family man in his early forties to take the leap, if I don't do it soon I'll bottle it and never have one, I recall my father always saying he'll have a Porsche this year, as each year past it became clear to me he never would, and there's a sadness to the story because we all try to be financially savvy, that's life, but clearly this paralysed my father from his dream car and now I know how that feels!!!

I feel I must tick this box so I can experience the ownership, the owners clubs, the meets, the trip to Maranello etc etc etc. all part of the dream to me, its more than a car a Ferrari, at least I hope thats how it is??!!

Like you I contemplated taking the leap in my mid 40's and deliberated for a long time. At that time it was a 993 C4S I was torturing myself over.
House was mortgage free, some investments for the future in place and funds available for the car so I bought the C4S and had it for 4 years and that was a lovely car to own and drive. I sold it to buy the 355 and again gave myself a hard time about such a luxury.
I did buy the 355 and love every minute of ownership and mixing with other owners on the Scottish FOC runs is a great experience.
Some runs have had more than 30 Ferraris from 246 dino right up to and including an Enzo, every one a dream in its own way.
Maintenance is not cheap if your going to look after it as it deserves and my 355 has an impeccable history file so its worth investing each year to maintain that history, especially with an appreciating asset.
It is so much more than a car, its a work of moving art to me and a pleasure and honour to be one of the relative few to experience such cars.

If you are considering a 355 or 430 try and drive both, they are so very different to drive and each wonderful in their own right.
I will post some pics with both together when I get the 430 home, hopefully before the end of the month.

We all work hard to provide for our families and afford these luxuries so I would say deliberate no more, go for your dream car, do your homework and have your potential purchase checked by a specialist and make sure the history is good.
You won't regret a minute once your in the driving seat and even going into the garage to tinker and clean it is a pleasure.

Just remember, life is not a trial run, we are here for a good time and not a long time, live the dream !!

All the very best finding the car of your dreams

Charlie

Edited by CGF993 on Sunday 9th November 21:10

[CGF993]

TISPKJ said:

Guys, if you buy any of these 3 cars the right way you won't be disappointed with both the ownership and the resale.
355 appears to have gone crazy, 2 years ago I sold my car for approx 17k less than they are now.
I bought a 360 2 years ago and they have at worst stayed the same money and in most cases risen a few k.
Can't now decide between 430 or a gallardo, gallardo,s were cheaper 5 years ago than today, if I go 430 route I wouldn't expect to loose much except on maybe the 85k cars.
A 360 is a better car than a 355, a 430 a much better car than a 360, sadly that does not always equate as to there value or this game would be easy.
Buy a 65k 430 or either of the others and you shouldn't loose much.

I think the fact you have said the 355 has gained approx 17k in the last 2 years and the 360 perhaps a few K perhaps shows a good 355 would be a better buy if future appreciation is to be considered compared to a similar priced 360.

For me I would suggest the 430 for its step change in technology and general opinion that it should not depreciate much more if at all.

Charlie

[dvb247]

Nearly paid a visit to Stratstone Ferrari Wilmslow today haha, getting closer!!!
It's not all about investment its about not losing my shirt, the 430 is my preferred option for the modern tech, the 355 all day for exterior looks but at it's new price point I can't make that work.
In regards to price and spec I would like rosso red spider with cream race seats and maybe some carbon, thinking in the region of 75k, also need to consider this 2008 update, not sure how significant a 2007 model to a 2008 one makes?

[TISPKJ]

CGF993 said:

TISPKJ said:

Guys, if you buy any of these 3 cars the right way you won't be disappointed with both the ownership and the resale.
355 appears to have gone crazy, 2 years ago I sold my car for approx 17k less than they are now.
I bought a 360 2 years ago and they have at worst stayed the same money and in most cases risen a few k.
Can't now decide between 430 or a gallardo, gallardo,s were cheaper 5 years ago than today, if I go 430 route I wouldn't expect to loose much except on maybe the 85k cars.
A 360 is a better car than a 355, a 430 a much better car than a 360, sadly that does not always equate as to there value or this game would be easy.
Buy a 65k 430 or either of the others and you shouldn't loose much.

I think the fact you have said the 355 has gained approx 17k in the last 2 years and the 360 perhaps a few K perhaps shows a good 355 would be a better buy if future appreciation is to be considered compared to a similar priced 360.

For me I would suggest the 430 for its step change in technology and general opinion that it should not depreciate much more if at all.

Charlie

With 50k to spend I wouldn't argue that the 355 would gain more over time as it becomes a classic, not looked lately but if you can still get a 360 for 40k if that's your budget not a bad move either currently, 430 is still kind of a bit lost with a gap of around 60k to a 458 ..... Although reading this back maybe that makes a nice 430 a bit of a bargain.
Like I say all cracking cars just in slightly different ways.

[CGF993]

TISPKJ said:

Like I say all cracking cars just in slightly different ways.

That Sir just about sums it up in one sentence !!

[TISPKJ]

dvb247 said:

Nearly paid a visit to Stratstone Ferrari Wilmslow today haha, getting closer!!!
It's not all about investment its about not losing my shirt, the 430 is my preferred option for the modern tech, the 355 all day for exterior looks but at it's new price point I can't make that work.
In regards to price and spec I would like rosso red spider with cream race seats and maybe some carbon, thinking in the region of 75k, also need to consider this 2008 update, not sure how significant a 2007 model to a 2008 one makes?

Sorry our mails crossed in the post, a 430 at 75k is kind of where I am looking also except I really don't want cream interior, black is far better IMHO
Recent car on clubscuderia may suit you.
2008 cars appear to start at around 80k and come with ceramics as std I believe, carbon seats are rare.

[Durzel]

I can't see the F430 dropping substantially simply because it would require the 360 to fall by similar money, for the reasons already mentioned, and I can't see the 360 dropping by so much that it becomes a realistic alternative to a "normal" newer car.

What is worth pointing out obviously is that 430s seem to be all over the place price wise, even factoring in Rosso premium, with a spread of £20k or more. So depending on what your plans are you'd need to think about what end of the market you want to enter, and exit.

Edited by Durzel on Monday 10th November 00:45

[TISPKJ]

Your right with the 20k spread but don't forget that's also a 4 year period and will include an 05 silver manual to an 08 F1 Rosso with carbon ceramics.

Edited by TISPKJ on Monday 10th November 09:41

[MDahmen]

It seems to me that the 360 has aged quite well, is seen as quite pretty by many people nowadays and many don't seem so keen on the looks of the 430 - in the long run I think therefore the 360 might actually overtake the 430 value wise as eventually both cars will not be seen as particularly fast and looks and sound will become more important (430 sounds very farty with a standard exhaust imo)and there is less tech in the 360. It is also the first of the "newer" design language at Ferrari compared to the 90s cars

[mrdemon]

Yes imo they are dropping, the later cars are 85k with low miles and 08

if the 458 drops then the top end of the F430 will drop.

entry level is what 65k now on the F430 in a wrong colour and higher miles 05 model.

[Durzel]

The 360 is pretty, but it's not 355 pretty, even bearing in mind that beauty is in the eye of the beholder. The 430 is to the 360 what the 458 is to the 430 - in my humble opinion - in that it is simply objectively better in every way, and were a big jump forwards technologically.

I find it hard to believe that someone in the market to buy a 430 would choose the equivalent spec 360 all things being equal, whereas I could understand someone buying a 355 over a 360 on pure styling terms.

Obviously I don't mean that in any way to be a negative reflection on the 360 which is still a stunningly beautiful car.

I also disagree about the effect of 458 prices on the 430. For the moment at least it is practically double the price, so it's a different purchasing proposition entirely.

[TISPKJ]

Yes and it is that huge difference in price between the 430 and the 458 even in its 85k form that is keeping up the 430 prices which haven't really moved in the last few years and same for 360.
Your right in that for same money you should choose a 430 over a 360 but with the current gap of 25k it kind of makes sense