Is now the time to pick up deals?

Life is short. You may not be here in a year to enjoy the car then. Just my $.02

 

i'm not quite sure how best to answer your question, but i can say that it seems as though there is a substantial amount of ferrari's on the market right now

 

When I look on eBay, I don't really see any fire sales.

 

There are always a lot for sale, but at what price?

Most people aren't stupid enough to let a Ferrari go at an unreasonably low price, if they were in the position to afford one in the first place. Now for those that can't afford them and leased, pick on them.

 

i have been seeing more and more 308's going in the 25k range, and it would be interesting if someone compared prices today to say, a year ago. granted there are other factors that go into pricing, but i wouldn't be surprised if people are starting to part with cars, albeit at a decent price, but still selling them for a quick turnaround.

 

IMO, that's a totally different market. 308's aren't exactly in the "exotic" segment.

 

Heading into fall, with real estate down and overextended idiots realizing you have to actually pay for stuff eventually, it probably is time to look for late model Ferraris coming on the market.

I don't think the earlier ones (vintage through 'modern classic') are financed as often, so the deals may be in the 360s.

I suspect things will be rough for a while, though, so even if you get a 'deal' I wouldn't plan on profiting from the sale soon, if ever.

 

Not sure I'd want a 360 from someone who could barely afford it. Maintenance?
But it will be an interesting thing to track. Who knows what might come along.

 

I'd say the whole Daytona-Dino-Boxer-3x8-TR segment is different and maybe out of your "exotic" segment -- usually bought by hardcore car guys as a hobby, and probably for cash. The suddenly-rich-for-a-while real estate flippers would probably go to the dealer and pick up a new-ish 360 to stay in the "exotic" realm. ("Exotic" = expensive and common in this context?)

The real vintage collectibles -- 250/275 GT cars, etc. -- seem to me to be in secure hands, not so much with the adjustable-mortgage crowd, although I'm generalizing.

 

I agree. A fire sale Ferrari? Errmmm no thanks.

 

Wait a bit. The weak are starting to get shaken out.