Current F40 prices

oh boy, here we go...

here is what id say, if u can find one with low mile (less than 5000 miles) that has been cared for under 450K, u shld prob jump on it but u may have to spend 500 to 550k to get the right car. A clean good car with higher miles i think cld be had for high 300s/low 400s, i believe someone on the board recently made a purchase that fits this profile. There was an f40 that FLI sold about 2 or 3 months ago and it apparently got 595K.

The car at monterey a few months ago went for $425 plus commish and i think interstate has sold a couple f40s recently in the low/mid 400s.

joe s prob has all these numbers with accuracy.

 

+ 1, you have the scope.

I just sold another 2400-mile car for circa $500k that was very nice.

 

I should hasten to add that availability of good cars is low and most of the few cars advertised have in fact been sold.

 

one other comment i wld throw out and obviously this is nowhere near scientific but buying and f40 when the dow is 7000 vs 10,000 clearly impacts price. I persoanlly dont believe things will be rosey going forward, but if we dont revisit looking into the abyss, i do believe alof of the weak hands have folded, ie the screaming deals are not as easy to find. So if you are serious about getting a good car, jump on it if u find it.

 

geez joe we are starting to think alike!

 

I'd have to agree with you Ricky. I think potential/interested buyers for these cars shouldn't sit around trying to wait for a "bottom" (if in fact one has yet to be established for cars like the F40). It's not as if there are hundreds of examples to choose from! If someone's intention is to own one of these cars for the forseeable future then the difference between paying $425 versus $475 is negligible. Find a car you like, buy it, drive it, and enjoy it and thank your blessings every day for being fortunate enough to own one.

 

Joe, you see the 700 Mile F40 on the Classified section for $595?

http://www.ferrarichat.com/forum/vbclassified.php?do=ad&id=2408

 

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Tony I just noticed that, thanks for pointing that out, very interesting.

 

With 211 US examples there is just not enough of a sample set to set true "market" values - a buddy and I recently bought an F40 and did so because the price was right and miles were about 12,000, so we figure we can actually drive it without destroying the value in the minds of those who equate low miles with great condition.

That said, the car had been sitting for nearly 10 years with very little run time and I am learning, slowly but surely, that there are all kinds of issues to make an F40 run right. The car test drove great, but then again I was not using its performance envelope since it did not belong to me.

The car is very solid and nice, but needed belt service, fuel tanks out and internal rubber bits and pumps replaced, fuel injectors cleaned (and one replaced), cam position sensors, bypass valves, blowoff valve service and lots more detail work.

Frankly, I'd never touch a low mile car as I'd expect it to be chock full of detail issues that would not only annoy me, but add to the premium price I already paid.

As the economy slowly improves, I think most if not all distressed deals are gone and the F40 is at or beyond the magical 20 year threshold for depreciation reversal.

Finally, I look at it like so: The F40 is and will forever be, more iconic and engaging than the late model Scuderia or the front-engine cars, which list well into the $300K range. Since all of these are "special occasion" cars, who would not agree that the F40 is worth more than any late model Ferrari? Way more.

I think the bottom for a solid F40, irrespective of miles (unless it had 50K or some such) is about $400K and I think it will go up from there if and as the general economy improves. Then again, as a biased owner, I sure hope so!

 

Glad you got her sorted. One thing we find that helps with older FI cars is a touch (1/200) of Castrol Racing Go Kart oil mixed in with the fuel every once and awhile.

If she sat for a long time you may want to drop the pan and check the lower end bearings as they can pick up corrosion during long storage.

 

There is a 92 out there with just under 8000 miles that needs a service, does not have manuals and has two very minor issues. That F40 can be bought for $450,000.

I was just involved in the sale of a 91 with just over 6K miles that also need a service and some minor maintenance work. It sold for $440,000.

 

+ 1

Keith also remember, as the cars age, miles matters less, and current cosmetic & mechanical condition is what determines value. I have certainly found this to be the case with the older 288 GTOs.

 

Is there such a thing as "minor" issues when it comes to these cars? I'd speculate that after the "service" and "minor" issues are sorted out that these cars are pushing close to 500k if not over.

I paid a premium for my low mileage car. It had been sitting for 8 years. I immediately put in 10% of the purchase price to get it up and running. That was close to 2 years ago. I've got a few "minor" issues coming up as well. The price of playing with such an icon I suppose.

 

small price to pay considering the return right Kuzi ?

 

Very true.

 

You guys are destroying my hopes in picking up all the solid F40's for $180K, the price point predicted by someone in a previous, separate thread several months ago...

 

Lee, I honestly have a check written out to that amount sitting on my desk, and there it will remain until such time as I can apply it to a good car.

Do you think I have long to wait? Because I'm getting frustrated.

 

You can buy one for that but it will have a Fiero undercarriage...

 

Those Terry you can buy for 15K.

YOY the USD has lost 20% of it's value over Gold which some use to measure inflation.
Unemployment is over 10% and in some states over 20%.

Get em while they're hot.

 

You may have to be really patient...

 

Noted - we will just have to ask more for good USA F40s then.

 

Should any of you be interested in a very nice, well maintained, fully documented US F40,
with under 11K miles, asking a reasonable price pm me and I'll put you directly in touch with the seller.

I have no economic interest in the above car or transaction.

 

joe sackey, before I made the decision to put current f40 money into certain stocks (which haven't turned just yet) I was intending to invest in the f40.I do believe that this will be a multi million dollar car one day because of the inherent intangibles we all are aware of. Do you agree?
I read somewhere that someone close to Enzo had an opporrtunity to by 3 thrashed GTO's that were sitting in a corner of in of their shops for 20k for the lot in the late sixties. As the other developing countries that represent 10 times current market potencial each, do you see a potencially stratospheric rise in the value of the f40. Should it be included in the company of the 250 GTO's etc... without the racing heritage but keeping in mind the "other" signifigances? I know you don't have a crystal ball (well?)... but I would like to have your perspective