LHD F430 value?
Discussion
With the current exchange rate it means there are some overpriced LHD cars in the UK. Six months ago it was quite easy to pick up a decent LHD in Europe for around 70,000 EUR, equal to around £50k.
If buying a car from Italy, first thing to check is service history, most have huge gaps of several years.
If buying a car from Italy, first thing to check is service history, most have huge gaps of several years.
cgt2 said:
With the current exchange rate it means there are some overpriced LHD cars in the UK. Six months ago it was quite easy to pick up a decent LHD in Europe for around 70,000 EUR, equal to around £50k.
If buying a car from Italy, first thing to check is service history, most have huge gaps of several years.
Err I would check your FX sources first thing Monday morning... Stirling has tanked recently against the Euro so now Euro cars are MORE expensive... Be daring and wait till Brexit malarkey is done and dusted, assuming we stay in the Exchange rate will bounce back in our favour over night...If buying a car from Italy, first thing to check is service history, most have huge gaps of several years.
Slickhillsy said:
Err I would check your FX sources first thing Monday morning... Stirling has tanked recently against the Euro so now Euro cars are MORE expensive... Be daring and wait till Brexit malarkey is done and dusted, assuming we stay in the Exchange rate will bounce back in our favour over night...
I'm well aware of that. What I mean is that there are a lot of cars here that are less desirable because of the fluctuation. And not easy to sell in the UK as there are so many of them. My last two LHD cars I sold back into Europe as there was no demand in the UK. Witness Kahn's LHD stock that he has already been sitting on for a year, and several very nice LHD cars attracting no bids at last week's Silverstone auction. And the incentive would have to be significant for a Euro buyer to come here and buy then take back. I've seen this cycle twice in the past 10 years.Edited by cgt2 on Sunday 6th March 19:49
Edited by cgt2 on Sunday 6th March 19:53
I think it comes down to FX, supply/demand and history.
The latter is a concern when sourcing a car from Europe because they tend to be less anal about it than we are. I had multiple official dealers trying to convince me that the first service on a Ferrari was at 10k km as per service book
Quite a few cars would have received at best one or two services in 4-5 years given the low mileage and advertised as full service history of course. Couple that with the fact that some Ferrari dealers are NOT in the same database as others it makes it impossible to cross check and make sure said maintanance was indeed carried out. I had to pass on multiple cars because of this.
That said if a car has good service history and is well kept then no reason not to go ahead, I have a feeling that for some models at least the EU prices also partly fluctuate to reflect attractiveness of the FX for the UK buyer.. But maybe it's just me dreaming. But I guess for special models the UK is a big market still.
The latter is a concern when sourcing a car from Europe because they tend to be less anal about it than we are. I had multiple official dealers trying to convince me that the first service on a Ferrari was at 10k km as per service book
Quite a few cars would have received at best one or two services in 4-5 years given the low mileage and advertised as full service history of course. Couple that with the fact that some Ferrari dealers are NOT in the same database as others it makes it impossible to cross check and make sure said maintanance was indeed carried out. I had to pass on multiple cars because of this.
That said if a car has good service history and is well kept then no reason not to go ahead, I have a feeling that for some models at least the EU prices also partly fluctuate to reflect attractiveness of the FX for the UK buyer.. But maybe it's just me dreaming. But I guess for special models the UK is a big market still.
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