Thanks for the data point. Your car was beautiful! Someone got a great deal, and congrats on the sale. Hope the new owner is a member here!
It sounds like you took great care of the car and got it sold quickly at a fair price rather than holding out for top dollar (many of the dealers seem to be taking the holding out for top dollar approach with the gated 430s). Congrats on your sale and thanks for the data point.
Just thought I'd provide an update on the number of 430 Manuals for sale in the US (via cars.com). Manual 430 for sale numbers remain very slim, even as compared to the other collectible 430 and 360 models. 430 Manual Coupe- 6 430 Manual Spider- 6 430 Scuderia- 34 430 16m- 11 360 Challenge Stradale- 8
I just bought a 2006 F430 Spider with 21k km (13k miles) on the clock. Rosso Corsa with Nero interior, red stitching, red carpets. Manually-adjusted standard seats. US$220k at today's exchange rate, however one must account for the 60% premium (due to duties & VAT) on cars in our region - which means the comparable number was US$137k. To give you an idea, normal F1 F430 spiders are selling here for between US$170k - US$195k.
Does that mean if you bought one for $137K US in the United States and imported it, the duties and VAT would end you at $220K?
Correct. We also have just 4 6-spd F430s that came into our market. An almost unbelievably low number. Our market doesn't share the same level of enthusiasm for manual cars as the more established markets - but they still command a premium here nonetheless.
So with the 2 last comparable sales listed here, would it be fair to say that the market price for a gated 6 speed is about 150K right now?
I originally set up this thread and watch it closely as well as other data. I think market is $160 - 190 right now. I think 150 is a little low unless over 30k miles, accident or some other wart (I personally don't consider higher mileage of a well maintained car a wart but significant discount in the world of Ferrari for miles). There have been some comps north of 200 but not for a while. 190 would be very low miles. I think the sweet spot is 170 - 180 based on recent market data. In the interest of full disclosure, I own a 6mt but have no intention of selling. I also am not an appraiser, just follow the market and this is my opinion. I set up the thread for three reasons: - help those looking to buy and sell - help figure out right value for agreed insurance - curious.
I recently bought a 2005 Gated 430 Spyder in the Mid 150's with 13k miles. I believe I got a killer deal considering what is on the market and the asking prices.
TooTallMcGraw, what are the specs on your recently purchased F430? And what do you guys think the price difference is from coupe to convertible?
That's what I figured, as I am guessing most of the dealers would not have gone that low on the price of a 6MT. With so few manual 430's for sale currently (only 3 manual 430 coupes and 7 manual 430 spiders for sale in the US on cars.com) it seems like the dealers are holding out for top dollar. One dealer told me there are so few available that they can hold out for the price they want knowing that if somebody really wants one, there are only so many they can buy. In comparison, there are 33 Scuderias and 11 16Ms listed on cars.com in the US.
That's great, but some of those dealer's cars have been for sale for months/years now, whereas the lower private party asking prices are actually resulting in sales. It's all just supply and demand, and you have to go off of actual sales to determine the market, not the high prices dealers have been asking for a very long time without any buyers.
Who would pay more for a six speed f430 than a scud??? Crazy! Scuds will double in price in 3 years. I see so many for sale but I believe they will be viewed much better in the future than a regular f430 stick. All of abive is my opinion only of course!
We'll see I guess. Depends if there is more demand for the last manual mid engine V8 Ferrari street car or for a track weapon. I think there were less manual 430's built than Scuds. Only time will tell.
Rarity is one of the biggest price drivers. If dealers are holding out for top dollar then you can bet the eventual buyer, who knows they are appreciating, wont part with it for less.
Also, at the risk of getting flamed, there are some great new track cars out there - look at McLaren. I think it is unlikely we will ever see another car like the 430 6MT. It is the last of a breed. I am biased (I own a 6MT) but I would be surprised if scuds appreciate while I will not be surprised to see 6MT's appreciate more.
The closest new car out there to a Manual 430 is the 911r (light flywheel, similar HP, similar weight, similar production numbers) and those are being listed for $300k over msrp and the car world/media has gone crazy for them! Makes the Manual 430 asking prices seem low relatively!
The Scud is in an interesting position between the 458 Speciale and the 360 CS. The Speciale is of course superior to the Scud performance wise (as is the regular 458) and gets the billing as the last naturally aspirated mid engined V8 and the ultimate track weapon in the line. The Scud banks on being raw and unrefined, but the 360 CS really is the top of the line when it comes to being a race car for the street and being raw and exciting. Also, the 360 CS is more rare than the Scud which in my opinion will insure that it retains its spot as the most collectible car. Don't get me wrong, I think the Scud is an amazing car but can't imagine why they would double in price in 3 years as that would put Scuds at over $400k. Will the Scud in the long run get overshadowed by the Speciale in terms of performance, and by the 360 CS in terms raw driving experience and rarity? The Gated 430 is more rare than the Scud, and is the top performing and most powerful mid engined V8 Ferrari with a gated manual (with the exception of the F40 perhaps).
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Sounds like the buyer got a great deal. It was probably worth mid 170s, but you were ready to sell and it happened. Congrats.
