what if….(pricing)…

I drive my Mondial, no matter what. And I take care of her like a young child: whatever she needs, she gets it, no budget cap. That's what commands a higher price (or should, imho). Low mileage cars that sit still go bad much more frequently than regularly driven and maintained cars.

Collectors ruin the ownership purpose and experience. Don't give in!

Kind regards,

Nuno.

EDIT - Buying her at 44.500km on the clock I still have room to drive her without worrying about future value in terms of kms. Even so, I believe the Mondial is seriously and ricidulously undervalued today but won't reach millions in the future. Two seaters seem to scoop most of the glory.

 

I'd be gutted if prices go up on the Mondial ;-(
BUT, alas I think it's going to happen.

 

If the value of the Mondial raises so high that it becomes undrivable then what's left, a beater 430? With 10 times the maintenance cost as well (duh... beater).

 

There are two types of buyers on any car. 1) Those who save it up; and 2) those who use it up. I buy a car to use it up. For instance, I own a 50 year old Corvair Monza convertible and have been driving it since 1980.

The Mondial is now my daily driver. In 18 months or some such I have already worn out one set of tires. Now at 8,000 miles and never been towed off the side of the road. It will not ever tripple in value, but if I did I would simply say I bought low and am holding. Or more precisely, driving the hell out of it.

For an investment I recommend American Water Works. Or watever the latest name is. They increase dividends every year way above inflation. I think......

 

If I wanted to make money on an investment I would buy stock in IBM, Apple, HP and SpaceX. Just to name a few.
My Mondi is for me to have fun. That is just what I do, have fun. I'm not saving it for the next guy.
I'm way underwater with this car anyway. I'm about to sink some more into it. It is just too much fun.
So I would do exactly what I am currently doing even if I could sell it for $200K.

DavidJ

 

If my Mondial went to 100K overnight I'd sell it in a heartbeat. Unless inflation killed that 100K. I have too many other goals that 100K would help with. At it's current value I personally don't belive there is a better car available.

 

I know this sounds dumb, but you can't drive money.

 

Had mine out on a cool Maryland day today. It was sweet. my girl is getting ready for a 3.2 and nicks ignition, a new clutch, belts, tensioners etc. I love my car for two reasons. #1 it's a Ferrari. #2 if it breaks or needs maintenance I can fix it. You can keep your 430

 

Like PV Dirk, I also would sell her.
The bucket list is way too long.
But, I would like an Italian V8 in return

 

My girlfriend and I are toying with the idea of buying a Mondial purely as investment (alongside the 308 that I have for enjoyment). What would be considered the ultimate Mondial? I'm thinking of a Mondial t cabriolet in red/black with less than 40k kilometers in original condition.

 

To invest, buy stock in Alibaba, Facebook, Tesla etc.

Buy a Ferrari because you like to drive your money around before you stop being around.

 

Purely as an investment, I'd recommend the 3.0 QV convertible (629 units made), the rarest version of the Mondial.

Kind regards,

Nuno.

 

Well... I currently have two coupes. I would absolutely sell one and keep the other.

My dilemma would be which one to sell!

 

Purely for investment would mean one having the broadest appeal (ultimately); then the t as you suggest but with a tan interior instead. Sundrenched black leather anywhere in the South (East through West) is of little interest to convertible buyers. Plus red and tan is an iconic representation for a Ferrari.

 

As the example in your example, you still drive the Mondial because while it may appreciate, it's really just a fun car that happens to come from Maranello and shares a family lineage with some incredible automobiles that many truly love and are passionate about.

However....that does not mean that Mondial owners have the ideal car with the perfect components to make it highly desirable and hence highly valuable. While production numbers are reasonably low, similar in fact to the Countach, and way lower than other Ferrari's like the Testarossa, it's just not truly rare. It's not the perfect Ferrari in terms of speed by any means, or in terms of looks. While good looking, it's not not sexy curvy good looking like a Dino, or bad ass like an F40 or Countach. And it wasn't idolized by the media and public at its inception, even though it evolved into a super car. Also the majority are fuel injected, further lowering the collector appeal of looking at a stack of Webers. And back seats? While I personally love that aspect, it's not congruent with the image of a Ferrari. It's just too practical of a car for the real world to become an object of collectibility.

You can enjoy a classic collector car like the Mondial in many ways that are more enjoyable than doing the equivalent in a car like the Countach. Because the Mondial is so useable, they tend to get driven. Because of the pricepoint for the past 20 years, they tend to get purchased by budget conscious tifosi, which is a totally different market than the collector market. There truly are few sub 10k mile mint condtition examples. My Mondi, while Classiche Certified and in a major Hollywood movie, and multiple concours award winning car, with a full service history beginning with my ownership, is clearly more valuable than the pack, now has almost 50k miles! Miles alone scare buyers of cars, and particularly Ferrari's. It's a driver after all of that energy and investment. It is wrong for owners to assume that because one example of a classic car has increased 3 fold, 5 fold, or 10 fold from purchase price that theirs will command the same money. Most Mondials are drivers and will never be worth the garage queen equivalent. I've driven my Countach less than 150 miles since purchase. I've drive the Mondial more than 20,000 miles since purchase, including today in 32 degree weather. That alone tells you something.

 

When I bought my Mondial, I intended to keep it for a year or two, sell it, and then buy something else fun. That was six years ago. I won't be selling it in the foreseeable future, even if it rises in market value to three or four times what I paid for it. I'm not an automotive speculator.

If, in 10 years, my Mondial would have a market value of $150K? I'd keep doing what I'm doing. Drive it, work on it, enjoy it.

If we're talking price points, and the question is, "what is the threshold at which I would feel compelled to sell?" I guess that's an interesting hypothetical. I'd have to feel confident that the market was grossly over-valuing the car. I'd have to realize that while I haven't found any other cars that check the boxes of enjoyability and useability the way it does, and maybe I'd have to settle for replacing the Mondial with something lesser but pocketing the difference, that difference would be more than compensatory for the downgrade. All right, you've talked me into it. First $200K takes my car.

 

If you don't live first class your children will!!! Enjoy life, buy a Ferrari!!!!

 

Well as you all know guys I don't own my Mondial anymore but the exemple can be applied to any cars. I still own my old 308GTB and now a Testarossa. No matter what they will ever be Worth I will always drive them as long as I own them. I buy my cars because I like them not as invesment. If they happen to inncrease in value that is great.

Did you stop living in your house because it's value raised?

 

Exactly!!

No, you borrow out all the equity, go upside down on the mortgage, and then wait for the government to bail you out.................

Regards,
Jerry

 

One 'upside' on having a car with a lot of mileage is you don't ever feel 'guilty' for driving it!

My car has way to many miles to ever be seriously considered for collectors (48K) - so when I put miles on it - I don't have that guilty feeling of hurting it's collectors value --- it's mine - all mine!!!

haha

 

Paul gets it. I do confess at 27.600 miles I feel "guilty" at times, but I've put more than 320 miles on the clock this past summer. I just don't feel all that inclined to drive her during the Winter. Rain, snow, slush, ice = Rust!!! But whenever I do drive her, I can't help thinking: "I can't help myself! How on earth did I manage to refrain from driving her last weekend?!".

I hate speculators, specially when it comes to Ferraris. Drive, enjoy, have the time of your life and to hell with them! Don't let them hamper your Ferrari ownership experience (present and/or future) in any way!

Kindest regards,

Nuno.

 

I never feel guilty about driving any of my cars, period. I look for reasons to drive.

 

I do not recommend buying a Mondial as a financial investment. First of all Ferrari dealers treat them like lepers. I could not even get Ferrari Atlanta to FIND one for me. I am reluctant to even turn it over to them for maintenance. So I have a local sort of NASCAR guy do the work because he finds it entertaining to him.

Eventually it may happen that so many of them have actually been DRIVEN to death they might become rare in 50 years. I drive mine as if it were and MGB. It is a practical machine with Ferrari Characteristics and I have worn our my first set of tires in 5,000 miles. And I am working hard on my second set of tires.

This is a manly sports car and I have much doubt many of the later owners with their supper supper cars could even keep control of their vehicles following me locally in my own environs. But I could be mistaken. But if they have less then 5,000 miles on the clock I won't even bother with them. To damned dangerous.