Originally posted by Melbourne Park
schuy interesting about the high retained values of Ferraris ... I presume in the States. Over here, I have not followed them for a number of years. However I suspect our market is quite different. Small countries, with left hand drive, might effect values somewhat. I still think that the idea of a premium does not make much sense to me, except if the car was not driven, and was more noteworthy than later models. Like a 250GT etc etc. Seems to me the best buys are at the right time, like a Dino when over here, they could be bought for $US6,000. They cost more now ...
Hey Melbourne Park,
First of all, I am not an expert, I should heed that at first.
I understand the American market, I think it's immensely predictable, but my greatest interest and time lies in the UK market.
In the UK there are no rubbish.
You need to have a proper car, and they all are as those which are not in good shape will not reach the reputable dealers, plus the car must have full service history as again, no reputable dealer will except anything else.
You mentioned the thing about the RHD and LHD deal, well, regarding the F355, it is commonly believed in the UK that a Ferrari F355 on LHD can lose up to 10,000 pounds off of it's value!
The thing about premiums.
When we are talking about new cars, it's bceause people don't want the long wait, which they will get if they buy a car on a new order.
A 360 Modena's waiting list lies at around 10 months, whilst the spider's is much longer.
The first used 360 Spider in the UK was allegedly sold with a premium of 40,000 pounds.
That's a lot of money.
Regarding older cars, cars in the 1960's especially bear great importance, and their value is incredibly high, and in the 1950's many cars actually had racing experience in races such as the Mille Miglia and the Targa Florio, so that raises the values of the models, and the racer in specific of-course.
Do you like the Dino then?
(Maybe we should continue this on PM, though, so we won't put everyone to sleep)
Liran Biderman.