Curious what the used 612 market is looking like now. With 3 production years already out (2004-2006), I think the market will start showing more with miles and and looking for a 2nd owner. How many have been made in each of the first 3 years? Upon quick search in this forum the new or almost new cars are still at $240-290k asking. One 20k mile example was being asked at $189k. Nothing known out of the ordinary about that car except 20k miles. My local dealer claims Ferrari is being smarter about flooding the market with this 2+2 and with the car being much improved over the 456, then the cliche hard 2+2 depreciation may be minimized. Also claims that his customers buying new aren't flippers and plan to own the car awhile. This is somewhat suspect as everyone knows the most prefered new Ferrari customers are the flippers that they make money on the inbound and outbound. Maybe the flippers have stuck to the 430 and 599, so the less prefered non-flippers have bought the 612 for immediate availability? Here is all I can find on current used market... www.ferrariads.com: none listed Shelton Ferrari: 2006 Ferrari 612 Scaglietti 290 miles $$$? Auto Gallery: 2004 612 Scaglietti 4,500 miles $210k WWoC: 2005 612 Scaglietti F1 4,500 miles $233k FoSD: 2004 612 Scaglietti F1 3,000 miles $240k FoSD: 2005 612 Scaglietti F1 4,000 miles $250k FoNB: 2005 612 Scaglietti F1 3,000 miles $250k Ferrari Market Letter... 612 SCAGLIETTI, VIN ZFFAA54A250138567 (2005 USA model). Red with tan interior. Daytona seats with black stitching and inserts. Tubis, shields, red calipers and modular wheels. We sold new. 2,600 miles. $249,000. 7/06 Ferrari of Newport Beach, [email protected], www.fmsocal.com, 949-646-6900, fax 714-646-7037 (CA) 612 SCAGLIETTI, VIN ZFFAA54A150139130 (2005 USA model). Titanium with sand interior. One owner local car, sold and serviced by Ron Tonkin. Daytona seats with blue stripes, blue piping, aluminum calipers, ball polished wheels, leather headliner and spare wheel kit. 660 miles. $239,980. 8/06 Greg, Ron Tonkin Gran Turismo, [email protected], 800-547-4455 (OR) 612 SCAGLIETTI F1, VIN ZFFAA54A850139979 (2005 USA model). Titanium with charcoal leather. Sold new and serviced here. Aluminum calipers, Daytona seats, charcoal dashboard and steering wheel, charcoal upholstered top and central tunnel, shields, rear parking sensors, rear leather shelf, silver stitching and front and rear remote radar. MSRP $276K. 4,535 miles. $255,000. 6/06 Wide World of Cars, Spring Valley, NY, [email protected], 845-425-2600 ext. 234 612 SCAGLIETTI F1, VIN ZFFAA54A450141308 (2005 USA model). Grigio Ingrid with cuoio interior. Ball polished wheels, power Daytona seats, custom piping and stitching, leather headliner and aluminum calipers. 15,306 miles. $214,000. 7/06 Ferrari of San Francisco, www.ferrarisanfrancisco.com, 415-380-9700 (CA) 612 SCAGLIETTI F1, VIN ZFFAA54A250142649 (2005 USA model). NART blue with cuoio leather. Sold new and serviced here. Red calipers, upholstered roof and rear deck leather, shields, ball-polished wheels, white stitching, run-flat tires, cuoio dashboard and steering wheel. Immaculate in every aspect. 2,410 miles. $248,000. 10/30/06 Wide World of Cars, Spring Valley, NY [email protected], 845-425-2600 ext. 234
I doubt if anyone is buying a 612 to flip it-- most new Ferrari buyers are not idiots and have some idea of the depreciation factor. Plus, have new 612s ever not been discounted? That should be a clue right there. I don't know about how much smarter they are about the number they're making. Maybe they're doing a little better, but it seems like my local dealer is always struggling to move their allocation of 612s. If you want to avoid the worst of the depreciation, you'll still need to wait a few years. I'm probably not that atypical in that if I were to buy a 612 (and I've thought about it), I understand that it only makes sense if I decide to keep it for 10 years or so. Otherwise, the depreciation is just ridiculous.
There's not as much demand for the 612, so flipping isn't as prevelent. It's like comparing the PS3 to the Wii .
Sorry, by flipping I didn't mean immediate turnaround to sell above MSRP like the other new Ferrari models. I meant the customers that buy new and are already on the list for everything else new promising to turn back to that dealer only so they can profit on trade too, often at premium.
Who will make a prediction as to how long the 612 will take to drop below 6 figs? 2001-2002 456's are there now. So will 2005 612s see 99K by 2010? (especially if there is an M released soon?)
A more representative example would be the 95 456GTs (by 2001, the 456M was already getting pretty long in the tooth). I believe they went below $100k consistently around 2002 or so, so 2010-2012 would be realistic for the 612. Keep in mind that for the 456, there was very little time between when they were worth $100k and $75k-- they were pretty much in free fall then.
Unfortunately the 456 keeps depreciating even as we speak. If history shows us anything, its that the 4 seater ferarri's were always the weak link. Given that the 599 has the Enzo engine, and new models around the corner again (430CS maybe), i think the 612 will hit under 100k before the 2010. There are too many ferraris coming out of the factory....wait when the 430 finishes its production run. God forbid we have alittle slowdown in the economy...can you say "Ouch"
http://www.sportscarmarket.com/profiles/2006/April/Ferrari/index.html A 2004 sold at auction in Switzerland in Dec 2005 for $176,000.
The 430 and 612 appeal to very different buyers. There are probably some people who have both, but very few people who are considering one or the other. And 456s have been doing pretty well the last few years. I bought my 456 for around $75k three years ago, and maybe it's down to $65k now-- not too bad. In fact, probably not much worse than had I bought a similar year 355 at the same time.
I was looking at getting a 456 in the $75K-100K range but think I'll wait 3-4 years and pick up an early model 612 instead. I'll be happier with the features and styling of the 612 in the long run so it is worth the wait to me (and the extra bucks). - I turn 40 in 2009 so timing might be good for an indulgance.
I reckon prices of Scagliettis in the EU are somewhat lower than in the US. You get various examples priced between 170-180k EUROs incl. VAT (sales tax). So if you deduct sales tax (you can claim it back when you export the car) you get a decent price even with currently weak dollar exchange rate. My brief calculations show that you might be able to get a 2004 car for 178k USD before your local sales tax and before conversion (which should not be too bad considering the overall price we are in) check it out for yourself: http://mobile.de/SIDruS-EnW6roqqwHUsz0vZWQ-t-vaNexlCsAsCsK%F3P~BmSB11LsearchPublicJ1164149815A1LsearchPublicD1100CCarS-t-vpLtt~BmPA1B20A0/cgi-bin/searchPublic.pl?sr_qual=G&formType=pkwDetail_G&_form=search&sr_make=8600&sr_modelId=22&sr_useNetPrice=0&sr_priceFrom=-2&sr_priceTo=-2&sr_category=1100&sr_doorCount=-2&sr_powerFrom=-2&sr_powerTo=-2&sr_registrationDateFrom=-2&sr_registrationDateTo=-2&sr_mileageFrom=-2&sr_mileageTo=-2&sr_engineType=-2&sr_emissionClass=-2&sr_gear=-2&sr_airConditioning=-2&sr_model=&sr_vehicleType=-2&sr_color=-2&sr_country=-2&sr_zip=&sr_zipRadiusTo=-2&sr_damaged=0&sr_daysOldTo=-2&sr_sortOrder=0&sr_advertiserType=-2&sr_deliverability=-2&doSearch.x=40&doSearch.y=6
One of my clients payed $261k ( in july) out the door for an 05 silver/black with 5k miles and the services done from a F-dealer in LA. It will be 20 years before any modern Ferrari starts to appreciate in value, (over dealer mark up's). Just to put into perspective, the 275GTB/4 i am woking on right now, when purchased new in 1967 was $11k, value today around $800k So the moto of my tale?. Buy it now at sticker, keep the milage down and in 40 years pay for your grandkids collage!
I can tell you that an 05 or 06 612 with 5-10k miles on the clock here in Kuwait sells for roughly the same money as a new 07 F430 at MSRP. That's about US$200k.
http://www.ferrarichat.com/forum/showthread.php?t=129873 $175K with lots of miles. Also the coming AWD 612s will drive the early ones down even faster.
The 612 is a step child. The price is going down as I type this email. Im in the markest for one and will pay in the 180K price range for a 05 with fewer than 4000 miles. I have been getting many calls on 612s that are for sale. The bigger question is why? I think they are not super cars for the weekend driver more of a every day driver for the person who can afford it.
I have been looking and asking prices for '05s with low miles like that are still around $230,000. I know I can most likely get one for about $10,000 less but I have yet to see a low mileage car for 180k. I am seriously looking at getting one in the next four months or so. If you have some good contacts let me know. Alexander
Less 275 GTBs made 275 GTB are much more significant than the 612 will ever be ( No race history ) Invest 200k today and in 40 years buy the university for your grandkids !
Help me guys please find rare combination of 612 Scaglietti:red/blk.leather with red stitching,it is possible to find it,to pick up right now.Pls.advice the price,must be brand new,or very low mileage and F1,specs.any,only LHD Image Unavailable, Please Login
