what are the reasonable asking prices for tdf?
in the US, i hear people talking in the 1.2-1.5m range. i believe few, if any have changed hands. (because of the 2 year ROFR they put in place to most (all?) buyers -- FNA was responsible for the allocations of the cars here) in europe, i have seen many advertised in the 900 EUR to 1.2m EUR range. i don't know what prices they have actually sold at, if at all.
A major swiss dealer confirmed when speaking to him a few months back that several have changed hands in the 900 EUR to 1.2m EUR range - all brokered through Ferrari dealers so that the original TDF owner remained in Ferrari's good graces
I am aware of one that sold in the UK for £890k, with the seller receiving just over £800k. I believe the transaction was documented in a manner circumventing the ROFR through a sale and leaseback.
Hi Guys! Wanted to check with you on the current market for the TdF. I might be interested in buying one, but I think the displayed prices are too high. Ferrari NA lists 14 cars with approved for sale. Cheapest one at 1.275m$. Not much movement, most of the cars sit on display since quite a while. In Europe, Ferrari lists 2 cars with approved for sale. Cheapest at 849k€. Most of the cars in Europe are with non-Ferrari Dealers. 18 cars are online, e.g. at mobile.de. Cheapest one at 749k€. Most of them also do not move. From my point of view, there is high competition for the TdF out there. 812 - clear. 812 "GTO" / LE version. Potential 812 Spyder. SF90 might also attract many potential buyers, especially because you can also buy directly from F and build relationship. 599 GTO as the previous LE car. 16 units on market in Germany. Cheapest at 435k€. Whats your opinion on the market? Especially for Europe / and in particular Germany, if any knowledge available? Appreciate your feedback and comments! Have a nice Sunday
It seems you know the answers. If cars are not moving it's because they are too expensive and owners dont need to sell. Buy one you can comfortable afford, and maybe knowing it will lose value bc of the reasons you mentioned.
Maybe I gave the answer already, but maybe my interpretation is wrong. That is why I was asking for feedback from you guys & highly appreciate your comments...
I got mine a few months ago, before that, I was shopping for the right one for 2 years. All I know is the US market. I can share some of my experience here. Price: For industrial specs (for example, red/black, black/black, grey/black, etc. simple color choices with all the carbon options), and try-hard specs (for example, got lots of different color going on but they dont flow together, and bad TM cars, etc.), these are going for $850k - 950k, with or without some miles. These are the lower end of the TDF market. The ones that tastefully spec'ed (includes the ones the owners think), still going for $1m+. Buying: From my shopping experience, most of the owners who still originally own the TDF's are rich enough not to give a damn. This is not a 100% market driven cars like Speciale, Pista, etc. Sellers expect to sit for months if not years. These are consignment cars anyway so the dealers don't mind having them display at the dealerships sitting pretty. If any of the TDF's pricing been significantly changing to lower prices, that means the owner in need for money or want to move it, these are the cars that you can negotiate aggressively. If you are looking for a deal, this is what you gonna look for. Competition: There's no competition in the market from the driving standpoint. The TDF has nothing to do with the F12 and 812's driving dynamics. Of course, there are competitions in the price bracket. Enjoy your TDF shopping.
Congrats, mays I ask you the color, I'd like to ad you to the little Fchat tdf owner register I made (If you're OK)
I'll chime in. Tdf transactions largely broken into 3 categories: (1) off market, (2) dealer, (3) auction. Cars spec's largely broken into 3 categories: (1) tasteful, (2) oddball (3) vanilla. Tasteful Tdfs rarely hit market, most sell privately off market. I'm aware of 4 tasteful Tdfs sold privately in last 12 mo's in range of $1.1 to $1.2. Oddball (aka "try hard") Tdfs and vanilla (aka "industrial") Tdfs harder to move, they make it to market. Dealers price at $1.0 to $1.2 with expectation of actual transaction upper 900s to $1.1. These can languish. As lamborarri pointed out, comes down to how patient seller is. Most don't need the $$ so are fine waiting. Dealers like car on floor to draw traffic. Maybe seller compromises price and/or dealer compromises commission, yielding upper 900s to $1.1 transaction. Impatient sellers go to auction, sell 800ish-900ish, but w/premium, buyer still in upper 900s to $1.05. Can't be ignored - More than perhaps any other model, lots of oddball Tdf specs out there, i.e. beautiful to beholden eye of original owner, but fall flat on buyers in secondary market. This only helps tasteful cars, and even vanilla cars to a degree. With direction of 2020+ models (i.e. GPF, HELE, other e-nannies, possible integrated speed regulatory software, unexciting "me-too" Manzoni designs, possible elimination of NA V12, high-priced Iconas, etc) it's arguable Tdf at $1.0 is relative "bargain." I know 5 owners (self inclusive) who find visual, audible and drive dyamics of Tdf so exciting that we'll "NEVER" sell. In which case, market value is meaningless compared to intrinsic value. What JWW et al say is true: 812 is fantastic, but Tdf is other-level, other-worldly good. Thus, no comparison, no "competition." Tdf stands alone. Buyers who can't establish intrinsic value w/o ownership thus rely on market value as measuring stick. In theory, we could be ~18 cars away from all Tdfs finding rightful owners who go on to establish intrinsic value greater than market value. Then what? As Harris Monkey says, "Catch my drift?" They ain't making anymore.
agree with all above - another perspective - at one time dealers were paying 1M+ for tdfs, now that number is 750 to 900k in the usa, depending on spec/miles.
Here is an example of one that just hit my local dealers floor: https://www.scottsdaleferrari.com/details-2017-ferrari-f12berlinetta-tdf-used-zff81bfa5h0229265.html
The ex-Roger Penske, Rosso Corsa Tdf with black historic (horizontal) hood stripe at your same local dealer (Scottsdale Ferrari) listed in April for $1.15 and sold two weeks later for $1.070. Confirmed.
There for a long time was only one tdF for sale here started at 1.3mil in USD. #2 oddball light blue with a lower body stripe. Reduced to 1.09mil in CDN. Only the second car to appear is also a #2 oddball in grey over blue int offered at 1.5mil CDN.
Since you are in Germany, I can add another data point that could be of relevance for your geography, in addition to the excellent contributions above. I bought mine early this year, and was looking a relatively standard spec as a driver. Found a French car, 1700km, was offered at €850k and traded at €715k. I think, as others have pointed out above, many cars are in strong hands with no pressure to sell. One point to consider is the relative pricing between the 599GTO and the tdf. A similarly standard spec GTO I acquired around the same time with 3000km was approximately 55% of the tdf. While the tdf's stellar reputation is entirely deserved in my opinion, the GTO comparison does raise an interesting debate about the relative pricing of the two V12 LEs in the long run, particularly as build numbers favour the GTO.
for “Oddball” or “Try hard” configuration do you mean something like this one? Color F1 2007 Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Open to interpretation... But overall, a spec that is very individualized, such as: Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
“Individualized” lol.... As always, one man’s individualized is another man’s blasphemy. In the end though, there is a butt for every chair.