What's a reshelled 360CS worth?
Discussion
I've been offered by a friend a 15k mile Rosso Corsa/black 2004 CS that's been reshelled around 2005 by Ferrari. Apart from that, the history is apparently great and so is the condition. I haven't seen it yet.
So my question is what would an equivalent non-reshelled car be worth, and what impact would this have had on it both price wise and market liquidity wise?
Thanks
So my question is what would an equivalent non-reshelled car be worth, and what impact would this have had on it both price wise and market liquidity wise?
Thanks
I would say around £130-145k, keep it for a good 15-20 years as a investment as they heading f40 money by then and no would worry if it's been reshelled or not as it will be a true classic icon. The thing money rare cars that you see at the lemans classic have been some accident or had damage and does not reflect their worth. Remember the rhd where very limited compare lhd.
Why was it re shelled?
If it was in an accident, it will be recorded somewhere.
It's correct that racing cars that have been reshelled are less impacted by that fact, especially if done in period, but again, they are worth less than those still bearing their original shell.
So if it's a road car then think about it like this 'would I be confident paying 80% of the value of an undamaged car for a car that has been crashed hard enough to require a new (?) body'
If it was in an accident, it will be recorded somewhere.
It's correct that racing cars that have been reshelled are less impacted by that fact, especially if done in period, but again, they are worth less than those still bearing their original shell.
So if it's a road car then think about it like this 'would I be confident paying 80% of the value of an undamaged car for a car that has been crashed hard enough to require a new (?) body'
Thanks everyone for all the input.
I was told it hasn't been categorised and the work was done by Ferrari. Johnny you don't think
It's likely to have been done by them?
After the accident (not sure what happened) it went through the dealer network for sale at some stage so they would have approved the work (an assumption I guess)
So would you say a no history car was what £220k, and this 20-30% less?
Edit: Just to add, I'm not keeping it for 10-15 years. I'm buying it to use it and probably sell in say 3-5 years time. I'm not looking for an investment, just want to make sure I'm paying the right price and I can sell it without much difficulty.
I was told it hasn't been categorised and the work was done by Ferrari. Johnny you don't think
It's likely to have been done by them?
After the accident (not sure what happened) it went through the dealer network for sale at some stage so they would have approved the work (an assumption I guess)
So would you say a no history car was what £220k, and this 20-30% less?
Edit: Just to add, I'm not keeping it for 10-15 years. I'm buying it to use it and probably sell in say 3-5 years time. I'm not looking for an investment, just want to make sure I'm paying the right price and I can sell it without much difficulty.
Edited by Mousem40 on Saturday 18th April 11:33
It's the sort of car I'd buy. But only at a price that reflects the fact it has been reshelled. I cannot work out why it isn't recorded, unless it didn't go through the insurance.
A friend bought a 550 some years ago. He offered it for sale to a dealer who told him it had been in an accident, unrecorded and repaired in the Ferrari network . From memory they wouldn't buy the car because of that history.
If you wanted to test the theory that the network wouldn't buy the car, you could call up a dealer, offer them the car without telling them it had been repaired and see what they'd say...
A friend bought a 550 some years ago. He offered it for sale to a dealer who told him it had been in an accident, unrecorded and repaired in the Ferrari network . From memory they wouldn't buy the car because of that history.
If you wanted to test the theory that the network wouldn't buy the car, you could call up a dealer, offer them the car without telling them it had been repaired and see what they'd say...
Mousem40 said:
I'm not looking for an investment, just want to make sure I'm paying the right price and I can sell it without much difficulty.
Basically you'll buy it for less, sell it for less and may have a real problem selling it. Edited by Mousem40 on Saturday 18th April 11:33
Whats the point? The only reason I can see for doing this is if you are desperate to own a particular model and your budget can't get you a non-reshelled example.
For the sort of money being discussed you could buy a LHD Scuderia.
I took your advice Rubystone and called a few dealers. They weren't interested in showing me a bid. For them it would be hard to shift even at 25/30% off and would only be seen as a track car with little chance of upside.
A LHD scud is a much better proposition indeed.
Thanks for the help.
A LHD scud is a much better proposition indeed.
Thanks for the help.
interestingly I've just been to see a friends recently purchased 2.7RS. He had been to see a different 2.7RS but didn't buy it when he realised it was a re-shell. The only reason I mention it is that it would appear that the re-shell factor effects a cars marketability and value forever!
roygarth said:
interestingly I've just been to see a friends recently purchased 2.7RS. He had been to see a different 2.7RS but didn't buy it when he realised it was a re-shell. The only reason I mention it is that it would appear that the re-shell factor effects a cars marketability and value forever!
The RS enjoyed a healthy racing life for 20 years. As a result, quite a few have been reshelled and re-engined. So the provenance on them has to be spot-on. Hence the spread on prices.On the CS, I would be interested in buying it at a price, or doing a deal on other car/s if he wants to trade...which might work better for both of us...do invite him to PM me....and if you want an lhd Scuderia, I have a reliable contact to source these from continental Ferrari main dealers too, if that helps.
rubystone said:
It's the sort of car I'd buy. But only at a price that reflects the fact it has been reshelled. I cannot work out why it isn't recorded, unless it didn't go through the insurance.
If it's been smacked on the track then it may go unrecorded. I don't think track insurance works the same way as road policies.GregorFuk said:
rubystone said:
It's the sort of car I'd buy. But only at a price that reflects the fact it has been reshelled. I cannot work out why it isn't recorded, unless it didn't go through the insurance.
If it's been smacked on the track then it may go unrecorded. I don't think track insurance works the same way as road policies.rubystone said:
I've seen several Gt3RS spanked on track...I bet they were unrecorded...
In one infamous example to later be sold through the OPC network as a clean car only for the new owner to come on PH to show his P&J to be faced with pictures of it being previously pancaked on track (and reshelled by Joe Bloggs) Mousem40 said:
rubystone said:
I've seen several Gt3RS spanked on track...I bet they were unrecorded...
In one infamous example to later be sold through the OPC network as a clean car only for the new owner to come on PH to show his P&J to be faced with pictures of it being previously pancaked on track (and reshelled by Joe Bloggs) Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff