Are non turbo Ferraris going to hold value?

Are non turbo Ferraris going to hold value?

Author
Discussion

swanseaboydan

Original Poster:

1,770 posts

170 months

Saturday 14th December 2019
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Is it just me or are the non turbo Ferrari Californias losing less money now than the California T ? I prefer the noise and character of the non turbos - am I right ? Could it be cheaper to get a California T than an older model in a few years ? The T s are more powerful but it’s basically a fast convertible cruiser , not a track car so I can imagine people going for the non turbo in the future - any one else ?

MDL111

7,177 posts

184 months

Sunday 15th December 2019
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I suspect that is just a function of one being newer than the other and therefore still dropping faster.

Caddyshack

11,838 posts

213 months

Sunday 15th December 2019
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I have been very close to buying a 355 spider for a long time, I wonder if they will see a fall back to 35/40k prices?

BlackR8

465 posts

84 months

Sunday 15th December 2019
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Caddyshack said:
I have been very close to buying a 355 spider for a long time, I wonder if they will see a fall back to 35/40k prices?
I personally would be surprised if this would happen. I think prices have clearly softened but I think the 355 is now firmly in the 'classic' category and it perhaps has found its price point where I guess it would be stay with the exception of the garage queens which I assume would continue to appreciate over the long term.

If they did fall to £35k that will put them on par with what some of the new hot hatchbacks cost!

swanseaboydan

Original Poster:

1,770 posts

170 months

Sunday 15th December 2019
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I tested a Cali T but ended up buying an older one mainly due to the noise ! Also some of the modern touches like not having indicator stalks got on my nerves . .
I think if you purely use the car a weekend toy you can put up with quirks but sometimes a decent stereo and sat nav is nice to have . . I think I often miss this in older cars - not when I’m just cruising around town but stuck in motorway traffic . .

650spider

1,476 posts

178 months

Sunday 15th December 2019
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Caddyshack said:
I have been very close to buying a 355 spider for a long time, I wonder if they will see a fall back to 35/40k prices?
35/40k...

They went lower than that...i sold a corker of a F355 rhd spider in 2011 for £31k and know of another that sold at the same time for £27k.

Could they go back down there again...hell yes...unlikely, but never say never.

SFTWend

1,037 posts

82 months

Monday 16th December 2019
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If historic boom to bust cycle is replicated I suspect prices will not bottom out as low as the previous trough. So maybe £50k is a fair target price for a drivers F355 in the next year or two?

Caddyshack

11,838 posts

213 months

Tuesday 17th December 2019
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Thanks all with your comments. "My spec" of 355 would need to be a manual spider in red with cream hide, I think those seem to be a little more expensive than others.

SFTWend

1,037 posts

82 months

Tuesday 17th December 2019
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Caddyshack said:
Thanks all with your comments. "My spec" of 355 would need to be a manual spider in red with cream hide, I think those seem to be a little more expensive than others.
That's what I had but if buying again I'd go for a Berlinetta notwithstanding the buttress seams maintenance. I found opening the roof and pinning down the cover to be a faff and the roof would rattle on the header rail when closed.

Caddyshack

11,838 posts

213 months

Wednesday 18th December 2019
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SFTWend said:
Caddyshack said:
Thanks all with your comments. "My spec" of 355 would need to be a manual spider in red with cream hide, I think those seem to be a little more expensive than others.
That's what I had but if buying again I'd go for a Berlinetta notwithstanding the buttress seams maintenance. I found opening the roof and pinning down the cover to be a faff and the roof would rattle on the header rail when closed.
Useful to know.

Our 996 Cabriolet used to rattle quite a bit, even with the hard top on. It annoyed me that an expensive car did that, I can forgive my TT roadster a bit more.

Trev450

6,439 posts

179 months

Wednesday 18th December 2019
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I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!

cayman-black

12,929 posts

223 months

Wednesday 18th December 2019
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Trev450 said:
I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!
I,m not surprised these don't even look like a Ferrari worse F-car imo.

Not Ideal

2,948 posts

195 months

Tuesday 24th December 2019
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cayman-black said:
Trev450 said:
I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!
I,m not surprised these don't even look like a Ferrari worse F-car imo.
Agree. I think it was originally intended to be a Maserati and then Ferrari swooped in and stuck their badge on it.

Roof down

301 posts

133 months

Tuesday 24th December 2019
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Friend of Mike reckons the T is almost too quick and a little soulless, he recommended me to go for the earlier Cali should I buy one, which I am considering.
I hear the views about Maserati etc, but the the T is getting below 100 k now, and you can get a good one for that.
There seem to be loads of them for sale , so I believe that either N/A or T are ripe for a great deal to a prospective buyer.
In the end 90/100 k to a seller is better than a car taking up space when they have fell out of love with it.
Just my humble

Roof down

301 posts

133 months

Tuesday 24th December 2019
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Just as an aside there is a thread about the 50k MAC, that sums it up really, do folks want turbo charging monsters?
Maybe the N/A Calis will hold better

Roof down

301 posts

133 months

Tuesday 24th December 2019
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Trev450 said:
I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!
TBH, unless he is trading in I am surprised they even offered on it, what with so many for sale

Trev450

6,439 posts

179 months

Tuesday 24th December 2019
quotequote all
Roof down said:
Trev450 said:
I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!
TBH, unless he is trading in I am surprised they even offered on it, what with so many for sale
Maybe they felt obligated given that they supplied and serviced it.

anonymous-user

61 months

Tuesday 24th December 2019
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Not Ideal said:
cayman-black said:
Trev450 said:
I don't think my friend with a 2012, 19K miles California would agree with the OP's observations. A certain Ferrari dealership in the west country has just offered him £62K for it!!
I,m not surprised these don't even look like a Ferrari worse F-car imo.
Agree. I think it was originally intended to be a Maserati and then Ferrari swooped in and stuck their badge on it.
Just shows how different we all are as I think they look great.
The Ferrari that's started to lose my desire now is the tin top version of the F355 especially blue ones for some strange reason.

Roof down

301 posts

133 months

Tuesday 24th December 2019
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I sold my 360 spider, and for what seems not so much more money can buy a 8 year newer car with modern gearbox, much lower mileage and if going to a T in some cases Ferrari warranty.
I realise the 360 could become a classic but I had had enough of it for various reasons, the appeal of the Cali is for me more interior space, and solid top when required. I also think the interior is much more modern and the front end looks much nicer, back I agree is subjective, maybe Calis Will rise in value eventually.

swanseaboydan

Original Poster:

1,770 posts

170 months

Wednesday 25th December 2019
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I’m tall so there weren’t many Hard top convertibles that I could fit in comfortably for a few hours ! The California is more comfortable than a lot of family cars for me . .
The stereo as a bit ancient though - you’d probably get a more user friendly stereo in a Ford Fiesta of the same age