Chaps, Pse see the link to Classic Driver.......More importantly... Pricing attached.... http://www.classicdriver.com/en/car/ferrari/400-412/1981/208543
And why not? People don't bat an eye when they see a 365 GTC4 at $140k or a 308 GT4 selling for $40k! The 400GT and the 365 GTC/4 are really the same car with different bodies. And don't start talking about aluminum vs cast iron transmission cases... I love the 400 series are they are great cars in all respects, other than the GM auto box. I guess some people get into a 400 thinking it will be a cheap Ferrari, get discouraged and then dump it at a low price to someone that thinks it will be a cheap Ferrari... round and round. It's time to stop the madness! All of you out there listen up. You are not allowed to sell your 400 for less than $75k. There, problem solved.
and this one is a 400i automatic. what should my 412 5-speed manual, in beautiful, original unrestored condition, multiple FCA national concours platinum awards and a Cavallino best-in-show 2+2 sell for? Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
If there was any sense to the world, at least $180k. It's like having a Daytona with power steering, ABS, and a much better ride.
Just to add more fuel to the fire, in some instances, certain brokers think that a current, reasonable asking price for a GTC4 is in the neighborhood of $280K. 1972 Ferrari 365 GTC/4 Serial Number 14983 - main page
lol +1 on that noise It's like what Mark said Stop the madness, 'now' Awww, man I don't put much confidence in the marketplace, look at it's make-up
Be careful what you wish for. A skyrocketing market makes it more difficult for buyers to experience one of these fine cars and makes owners more leery about driving them as well as nervous about holding on to them past a peak in the market. While maintenance and restoration costs will eventually exert an upward pressure on good quality cars, the current price environment is great for two reasons: 1. They are still affordable within the Ferrari world and offer an unmatched "bang for the buck", and 2. Depreciation or loss of value is highly unlikely, meaning that you can own one of these cars with little fear that you are going to sell it and take a loss. Your ownership costs will mainly be limited to repairs, maintenance, insurance and gas. Treat these cars as something to experience and enjoy and not as an investment and the ownership experience will provide maximum satisfaction.
You can't have it both ways. Most people don't have the passion or guts to spend money servicing a car when they already know they're going to get hammered at resale. Someone buys a 400x for $25ish and then is told that he needs to spend $1,000s on maintenance. The maintenance goes undone until they sell it to the next person with the same repeating outcome. The car never gets the service it needs and the prices spiral downward. The car gets parted out or turned into some re-body project and nobody wins. Now picture the same car being sold to someone that believes that the future holds a rising market or they have a loan on it that they want to cover at resale. They would be more willing to do the service because they'll see it as 'money in the bank' rather than pissing money down a rat hole. The car get the service it needs. I'm sorry if this would price some buyers out of the market but if those people aren't willing to pay the full freight including the maintenance costs then maybe they should buy something else. People should buy a 400 when they have a passion for it and not because it's cheap. It's even better if they need to sweat a little to buy it.
I view it as having zero depreciation cost. Will some people buy it thinking it is a Ferrari for the cost of a Honda Accord and not realize that it costs a lot more to maintain? Sure, that has been true for decades and not just with the 400i series, but the 330 GT, 250GTE, 308 and others before it. Will others sink a lot of money into it hoping to ride the tide of rising Ferrari prices? Yup, happened before and it will happen again and not just to owners of our low end 400i. In the late 1980's people paid $500K for a Daytona coupe that had risen by several multiples in less than 10 years only to find out that they needed to sell in 1994 and could only get $120K for them. Many years ago I worked for a private company that was owned entirely by its employees. One day I mentioned to our CFO that the modified book value method used to value our stock seriously undervalued our shares compared to how the shares of a comparable public company would be valued and he said to me, "Well, we hope that you and others are more buyers than sellers and so should be happy at being able to buy shares at a discount." My point is that we should ignore the bargain hunters and the speculators and, as enthusiasts, be happy that we can buy a Ferrari that has zero depreciation and an all in cost of ownership that is affordable to people of means but who are by no means rich. If paying for deferred maintenance is a part of the purchase cost, so be it.
ignore the bargain hunters and the speculators and, as enthusiasts, be happy that we can buy a Ferrari that has zero depreciation and an all in cost of ownership that is affordable to people of means but who are by no means rich. If paying for deferred maintenance is a part of the purchase cost, so be it. Can we make this a sticky?
I hope they go down so I can buy more. It's simple logic but I love 'em and don't really give a rats arse what they're worth now.
Right, John. And remember while I don't mean to diminish or demean any Ferrari, there is a difference. We are not referring to the Dino that Ferrari intended as an 'entry level' car for the Company or its immediate successors, the 308/328 series Ferraris. We're talking about the last generation Colombo V12 60 degree engine Ferraris which are on a different level of automobile design and driving experience from the two-cam cars, the early 250 and 330 2+2's right through the 365GT2+2.
You'll wait a long time; the cars whose prices decline from here are exactly the ones you will wish to avoid.
