Discussion
i need to shuffle the pack as the missus lease car is going back..... it involves a couple of older Ferraris, 456 and a 355.....i have come up with some options and would be interested to get anyones ideas / opinions.
1. get another lease for the missus
2. trade the 456 for something more everyday for her to drive, have looked at this can't see this being a great idea as market is on it backside
3. trade the 456 / and or the 355 for something like a california and make her drive the merc GL i drive
4. see if anyone wants to do a swap
5. buy her a scooter / bicycle
at the moment, option 1 is looking like the favourite as least amount of hassle...... and there's not really any dealers who will give me a fair price on the 456 that also sell more modern everyday cars etc.....
is there another solution that i have missed?
cheers
1. get another lease for the missus
2. trade the 456 for something more everyday for her to drive, have looked at this can't see this being a great idea as market is on it backside
3. trade the 456 / and or the 355 for something like a california and make her drive the merc GL i drive
4. see if anyone wants to do a swap
5. buy her a scooter / bicycle
at the moment, option 1 is looking like the favourite as least amount of hassle...... and there's not really any dealers who will give me a fair price on the 456 that also sell more modern everyday cars etc.....
is there another solution that i have missed?
cheers
andyleeds said:
Yes I could but I dont really want to put £20k plus at mo into another car as have too many other bits of metal doing nothing.....
Thing is the bits of metal you have doing nothing, are a pretty safe bet, and long term even safer. The 20k is an opportunity cost really to end up with two bits of metal that in a decade, could double, they certainly won’t be worth any less than they are today. Moped is a bad idea. s
t in the winter and endangered by other st road users. Right now you'll get bugger all for the 456, the market is dead for that particular car. The 355 is a little better than bugger all but it will be an amount that would probably make me think, bugger it I'll keep it.
Throwing £20k at something else now is likely to be a smaller cost than the loss you'd realise trying to sell either of the F cars.
Throwing £20k at something else now is likely to be a smaller cost than the loss you'd realise trying to sell either of the F cars.
thats sort of the conclusion i have come to, i would be happy with £50k on my 456 which is a decent hunk under what rardleys are selling a very similar one at, and there's has a grey interior which I'm not a massive fan of with silver, although mine is blue leather which is not everyones cup of tea...
andyleeds said:
thats sort of the conclusion i have come to, i would be happy with £50k on my 456 which is a decent hunk under what rardleys are selling a very similar one at, and there's has a grey interior which I'm not a massive fan of with silver, although mine is blue leather which is not everyones cup of tea...
Sadly, the 456 market is not even close to £50K. Here's a sale from last week, and that was for a manual which is generally valued higher:-https://www.historics.co.uk/buying/auctions/2019-0...
£35,500 includes all fees.
With buyers premium, vat etc that’s £40k to who ever bought it..... I would say that’s about right for a 50,000 mile car, like all Ferrari’s they are quite sensitive to mileage and it’s done quite a bit more than mine and that’s before we even know the history etc. Yep manual like mine they are worth more than the auto
I trust rardleys as a market place as they sell more than anyone in the country..... he’s got one up at £60k like
I trust rardleys as a market place as they sell more than anyone in the country..... he’s got one up at £60k like
As I said, £35,5k included buyers premium and vat. Bidding struggled to get to £30K
The Rardley car will likely be on SOR with the owner naming the asking price. That's the problem with the Ferrari market right now in the UK. Very little being offered for sale is actually owned by the dealer and the asking rices are not reflecting current market sentiment.
The only dealer currently selling in any sort of volume seems to be The Ferrari Centre in Maidstone. I was there last week looking at a 550 and a 575. All the 456's they had for sale had been withdrawn by the owners as there is simply no appetite for them at present.
They price cars at a level that will sell rather than vanity prices that then sit on the market for 2+ years.
The Rardley car will likely be on SOR with the owner naming the asking price. That's the problem with the Ferrari market right now in the UK. Very little being offered for sale is actually owned by the dealer and the asking rices are not reflecting current market sentiment.
The only dealer currently selling in any sort of volume seems to be The Ferrari Centre in Maidstone. I was there last week looking at a 550 and a 575. All the 456's they had for sale had been withdrawn by the owners as there is simply no appetite for them at present.
They price cars at a level that will sell rather than vanity prices that then sit on the market for 2+ years.
Edited by 21ATS on Monday 27th May 11:17
It was a private buyer.
https://www.ferrarichat.com/forum/threads/456-sold...
I was watching on line, I was interested in a couple of other cars at the sale but I make a point of watching the Ferraris.
https://www.ferrarichat.com/forum/threads/456-sold...
I was watching on line, I was interested in a couple of other cars at the sale but I make a point of watching the Ferraris.
Edited by 21ATS on Monday 27th May 11:21
nice, hope its a good one!
yep i would imagine that most of rardleys will be sor, i have being offered £45k by someone in the trade that knows the car..... i don't think that anything is shifting generally certainly of the older stuff with brexit still not sorted.... fortunately i dont need to sell anything so its all good!
;-)
yep i would imagine that most of rardleys will be sor, i have being offered £45k by someone in the trade that knows the car..... i don't think that anything is shifting generally certainly of the older stuff with brexit still not sorted.... fortunately i dont need to sell anything so its all good!
;-)
Not a great deal is selling (Ferrari's that is). I've been watching the same cars now for 2 years as they come on and off the market and circulate around all the dealers. All asking way more then they would realistically sell at. I've made some sensible offers on a few - but just get met with "asking price or no sale". "Owner doesn't need to sell" "part of an impressive billionaires personal collection just making room for something else" etc etc.
After the bubble that peaked around 2016 for some of the 90's and 00's manual V12's there's a reluctance for sellers to accept things are not what they once were.
However Ferrari's being what they are, generally being owned as 3rd or 4th cars by people that don't really need to sell them, or would prefer to hang on to them unless their asking price is met leads us to where we are now - a non market or kind of vacuum.
It would take another financial event to create distressed sales similar to 10 years ago. That may or may not just be around the corner. I'm comfortable waiting until then if I need to.
After the bubble that peaked around 2016 for some of the 90's and 00's manual V12's there's a reluctance for sellers to accept things are not what they once were.
However Ferrari's being what they are, generally being owned as 3rd or 4th cars by people that don't really need to sell them, or would prefer to hang on to them unless their asking price is met leads us to where we are now - a non market or kind of vacuum.
It would take another financial event to create distressed sales similar to 10 years ago. That may or may not just be around the corner. I'm comfortable waiting until then if I need to.
I would agree with pretty much all of that, my two Ferraris are numbers 3&4 in the household or even 5th if you count my ‘66 split camper.
Mine was for sale with Foskers for a while and actually agreed two sales both north of £65k, which unfortunately both fell through....then Brexit landed and the market died...... a lot of people are waiting to see which way the wind blows, indeed if they actually decide !
What are you trying to find?
Mine was for sale with Foskers for a while and actually agreed two sales both north of £65k, which unfortunately both fell through....then Brexit landed and the market died...... a lot of people are waiting to see which way the wind blows, indeed if they actually decide !
What are you trying to find?
Gassing Station | Supercar General | Top of Page | What's New | My Stuff