Hi everyone I'm new to Ferrari chat but could do with your opinions. I've recently been looking at a late 09' 16m with 2000 miles, however I am looking at it from a collectors point of view. Will the 16m be likely to fall in value in the near future or will values stable off and possibly rise in the near future? I currently own a late 08' 430 spider with 1000 miles and would be changing out that vehicle if I were to go for the Scud. Thanks
Please don't take this the wrong way but since you don't drive the 430 what is the point of investing an additional six figure sum for a very similar lump of metal that will just sit in your garage and cost you maintenance insurance depreciation etc etc ? In fact why don't you keep your 430 and give me the money which I'll gradually fritter away for you !
IMO The 16M will continue to lower in value to around the $200k mark and level off. I believe because of it's limited production it will stay around $200k for 5-7 year then maybe get back up to $250k max for a cream puff. Oviously who the hell knows but buying now would be a big chance and like said before: Newer model cars are not investments but meant to be driven
No chance it will not depreciate. If your objective is to make money speculating on a car that will be safely tucked away in your garage I am sure many here can point you to something that actually has a legitimate shot.
In the near future? They are going to drop and have already started their decline. I've noticed ~$20k shaved off of avg asking prices since early summer. Likely to drop further during winter and even more when 458 spider is released.
yes for now because the 458 are here and the scud owner are taken a big hit because they want a 458 production car there going to make thousand of them just just like the f430 when they came out wait a few years remember Scud are limited made were talking 449 16m 2500 coupe in 08,09 ask me that in 3 to 4 years
16M will depreciate from here. forget any thought of price appreciation. 30 years from now.. who knows...
And you guys believe this? Unless the badges state "car number 34 of 499" rather than "1 of 499" I'd be willing to be they've made more than the 499 just as they did with the Enzo after stating it was limited to 400 cars. What's the total number of confirmed Enzos up to now? 500 plus?
That doesn't mean squat. Exactly! Even when they install a badge that claims "number X of 100" they produce more than that number. This apparently happened on the 355 serie fiorano spiders.
16M is a niche car. When it was announced many many on this forum questioned why build a Scuderia convertible? Price point was extremely high. I sold mine quickly when I realised that it was almost double a used 430 Spider. Because it started at too high a price aimed at a narrow niche, the fall in value will be hard. Limited production means nothing for now. 25 16M's came to a tiny market like Hong Kong
I don,t think they made more then 499 why would they do that, they can,t it in the VIN # which number you have, bring a vin # to a dealer they tell you what 16m car # you are.
They do it for the money and sure they can, why can't they? You probably also think they only made 400 Enzo's? Do you believe in Santa? LMAO!
The dealers can tell you you have 'A' 16M, not 'which one of the supposed number' your car is. Ferrari is not legally bound to only make a limited run of any car. They are doing the same thing with the 16M that they did with the Enzo. Ferrari still states that only 400 were built, but at last count there have been over 500 individual Enzo VIN's recorded.
You keep saying that there 1500-2500 430 Scuderias. Which on more than one occasion has been proven wrong. There are more than 4,000 Scuderias including 16Ms. To the OP, your looking at a big hit in depreciation if you buy a 16M for an investment. At current prices you will lose more than a 100K if you hold the car long term. Look at the 550 PF Barchetta for evidence, "448" (500) cars were built and look at what they're trading for. MSRP on those cars was in 280k range for a heavily optioned car and you can pick one up today for 140-150k.
Even when they number each car individually they still make more than the "official" number. Take the F50 for example they numbered 349 of these, and didn't number several other F50s. There are at least 380 F50s. It is very Italian car maker thing to do. "1 of 10 cars built, 1 of 13 surviving cars".
The idea that these are investment grade is silly. I bought a new 2009 Scud from a Dealer for 45K under msrp.
