Ferrari and Corvette Prices
03-21-2011, 07:48 PM
#1
Le Mans Master
Thread Starter
Ferrari and Corvette Prices
Forgive me, but I often see a thread or two - which often turns into a battle of words and ideas over things like lap times at some track few of us have ever seen and 0-60 times that typically can never be staged in todays traffic congestion.
But for those of you who want to argue over value and depreciation, take a look at this
http://ferraris-online.com/pages/car...456MGTA-117272
While not the most desirable of modern Ferraris it is a bona-fide V12 front engined coupe. New, these sold for over $225,000 or more.
Not a big deal. Just an example to fuel the fire.
But for those of you who want to argue over value and depreciation, take a look at this
http://ferraris-online.com/pages/car...456MGTA-117272
While not the most desirable of modern Ferraris it is a bona-fide V12 front engined coupe. New, these sold for over $225,000 or more.
Not a big deal. Just an example to fuel the fire.
car
03-21-2011, 08:10 PM
#4
Former Vendor
I think that he's saying it took damn near a 200K dollar drop in value over the course of 11 years?
03-21-2011, 08:11 PM
#5
So are you saying that a Ferrari, or maybe just this one, depreciates more/faster than a Corvette?
Possibly. I don't keep track of the going rate since I'm not in the market for one. I had a chance to buy a new 2009 458 Italia with less than 300 miles on it for $150k, a great price but I didn't need it or want it. A former student of mine buys wheels in Beijing and brings back several containers a year. Last summer he brought back 4 of these and had them for sale, but it would have been next to impossible getting titles cleared and CA smog so I passed on it. Still, he sold all four in a couple weeks I heard.
Possibly. I don't keep track of the going rate since I'm not in the market for one. I had a chance to buy a new 2009 458 Italia with less than 300 miles on it for $150k, a great price but I didn't need it or want it. A former student of mine buys wheels in Beijing and brings back several containers a year. Last summer he brought back 4 of these and had them for sale, but it would have been next to impossible getting titles cleared and CA smog so I passed on it. Still, he sold all four in a couple weeks I heard.
03-21-2011, 08:13 PM
#6
Le Mans Master
Thread Starter
Only that to suggest that most modern Ferraris are not investments and depreciate just like Corvettes and most other cars. The other point is directed at those who like to rant on this forum about how a Corvette is faster than some Ferraris, or wonder if a Ferrari is the better vehicle of choice. etc. Simply trying to bring some things into perspective for those who might believe that a Ferrari is a viable option for those on a Corvette budget. Nothing more. Well, perhaps to suggest things like belt changes and major services in some Ferraris would make the payments for a year or more on a Corvette.
Do I sense some disagreement?
Do I sense some disagreement?
03-21-2011, 08:17 PM
#7
Team Owner
03-21-2011, 08:26 PM
#8
Pro
He wants to prove price depreciation... I am a converted Ferrari guy, I still love them and may buy one but not anytime soon. Corvette is truly a fantastic car and the money to purchase any model is minor compared to what it competes with.
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
Last edited by DASHZNT; 03-21-2011 at 08:28 PM. Reason: Spelling
03-21-2011, 08:31 PM
#9
Former Vendor
He wants to prove price depreciation... I am a converted Ferrari guy, I still love them and may buy one but not anytime soon. Corvette is truly a fantastic car and the money to purchase any model is minor compared to what it competes with.
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
03-21-2011, 08:32 PM
#10
Racer
..."I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!"
AMEN Brother!!!
AMEN Brother!!!
03-21-2011, 08:36 PM
#11
Le Mans Master
Thread Starter
So what? Here is one too....almost no depreciation.
http://www.dennigcars.org/used_ferrari.htm
http://www.dennigcars.org/used_ferrari.htm
Likewise a 1962 GTO, which was probably pretty expensive when 32 of them were built, ostensibly to homologate them or racing in the GT class, are almost priceless today - figure at least $25 million in today's market.
I sold a 288 GTO to a fellow in a neighboring state back in 1985 when I was in the biz, for a bit over $80K. Within 6 months they were bringing nearly a $ million at auction.
There's a lot of stories about prices of old Ferraris, but so there are on certain Corvettes. What did a '63 split window C2 coupe sell for new? I was offered a new '65 coupe from the local dealer for a bit over
$4500, but opted for a '67 GTO 4-speed hardtop.
So, yes, you're right. Some Ferraris do appreciate and the reasons why are far too many to discuss on a Corvette forum. (I will gladly discuss them with you if you want to send me a PM so we can do so offline)
Sorry to drone on about your post, but I just couldn't find the specific Ferrari which you were trying to share with us.
Last edited by last901; 03-21-2011 at 08:42 PM.
03-21-2011, 08:38 PM
#12
Melting Slicks
He wants to prove price depreciation... I am a converted Ferrari guy, I still love them and may buy one but not anytime soon. Corvette is truly a fantastic car and the money to purchase any model is minor compared to what it competes with.
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
Having said that, I would be just fine with owning a Ferrari F430 too.
Racer has it right
03-21-2011, 08:40 PM
#13
Le Mans Master
Thread Starter
He wants to prove price depreciation... I am a converted Ferrari guy, I still love them and may buy one but not anytime soon. Corvette is truly a fantastic car and the money to purchase any model is minor compared to what it competes with.
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
That being said, a Corvette is not a Ferrari... Those who have driven them know what I am talking about... There truly is no other car experience like one. However, the hit you take financially when you own one is just too much to justify unless you have a net worth that the financial hit doesnt effect you in the least and you can enjoy that experience.
The Corvette, on the other hand, is an experience in itself and the great part is that it's priced that most people can afford to enjoy that experience. It gets a bad rep because of the fact that it's not Italian and exotic... In my humble yet extremely accurate opinion, the Corvette is an exotic car and it also is something that those cars are not and that's American, something that more people should take pride in but unfortunately nowadays don't.
I love my Corvette, and I'm proud to be fortunate enough to own one.. I love this country and I'm proud to live here and support it in anyway I can... Owning a Corvette just happens to be one of the perks!!
03-21-2011, 08:49 PM
#14
Safety Car
I think it would be more accurate to measure both cars depreciation as a percent versus original dollar value rather than absolute dollar value today. What would an 11 year old Corvette be worth today? Convert that to a percent of the original value then compare to the Ferrari you picked.
Last edited by SilverScorp; 03-21-2011 at 08:55 PM.
03-21-2011, 08:50 PM
#15
Team Owner
Sorry, but the link simply took me to a site with a lot of Ferraris. I really don't want to argue over this, but you are correct if you mean to point out, for example, that a 246 GTS Dino spider, which sold new for $16K to $18K in the early 70's is presumably worth $150K today.
Likewise a 1962 GTO, which was probably pretty expensive when 32 of them were built, ostensibly to homologate them or racing in the GT class, are almost priceless today - figure at least $25 million in today's market.
I sold a 288 GTO to a fellow in a neighboring state back in 1985 when I was in the biz, for a bit over $80K. Within 6 months they were bringing nearly a $ million at auction.
There's a lot of stories about prices of old Ferraris, but so there are on certain Corvettes. What did a '63 split window C2 coupe sell for new? I was offered a new '65 coupe from the local dealer for a bit over
$4500, but opted for a '67 GTO 4-speed hardtop.
So, yes, you're right. Some Ferraris do appreciate and the reasons why are far too many to discuss on a Corvette forum. (I will gladly discuss them with you if you want to send me a PM so we can do so offline)
Sorry to drone on about your post, but I just couldn't find the specific Ferrari which you were trying to share with us.
Likewise a 1962 GTO, which was probably pretty expensive when 32 of them were built, ostensibly to homologate them or racing in the GT class, are almost priceless today - figure at least $25 million in today's market.
I sold a 288 GTO to a fellow in a neighboring state back in 1985 when I was in the biz, for a bit over $80K. Within 6 months they were bringing nearly a $ million at auction.
There's a lot of stories about prices of old Ferraris, but so there are on certain Corvettes. What did a '63 split window C2 coupe sell for new? I was offered a new '65 coupe from the local dealer for a bit over
$4500, but opted for a '67 GTO 4-speed hardtop.
So, yes, you're right. Some Ferraris do appreciate and the reasons why are far too many to discuss on a Corvette forum. (I will gladly discuss them with you if you want to send me a PM so we can do so offline)
Sorry to drone on about your post, but I just couldn't find the specific Ferrari which you were trying to share with us.
03-21-2011, 08:52 PM
#17
Team Owner
So are you saying that a Ferrari, or maybe just this one, depreciates more/faster than a Corvette?
Possibly. I don't keep track of the going rate since I'm not in the market for one. I had a chance to buy a new 2009 458 Italia with less than 300 miles on it for $150k, a great price but I didn't need it or want it. A former student of mine buys wheels in Beijing and brings back several containers a year. Last summer he brought back 4 of these and had them for sale, but it would have been next to impossible getting titles cleared and CA smog so I passed on it. Still, he sold all four in a couple weeks I heard.
Possibly. I don't keep track of the going rate since I'm not in the market for one. I had a chance to buy a new 2009 458 Italia with less than 300 miles on it for $150k, a great price but I didn't need it or want it. A former student of mine buys wheels in Beijing and brings back several containers a year. Last summer he brought back 4 of these and had them for sale, but it would have been next to impossible getting titles cleared and CA smog so I passed on it. Still, he sold all four in a couple weeks I heard.
03-21-2011, 08:53 PM
#18
Sorry, but the link simply took me to a site with a lot of Ferraris. I really don't want to argue over this, but you are correct if you mean to point out, for example, that a 246 GTS Dino spider, which sold new for $16K to $18K in the early 70's is presumably worth $150K today.
Likewise a 1962 GTO, which was probably pretty expensive when 32 of them were built, ostensibly to homologate them or racing in the GT class, are almost priceless today - figure at least $25 million in today's market.
I sold a 288 GTO to a fellow in a neighboring state back in 1985 when I was in the biz, for a bit over $80K. Within 6 months they were bringing nearly a $ million at auction.
There's a lot of stories about prices of old Ferraris, but so there are on certain Corvettes. What did a '63 split window C2 coupe sell for new? I was offered a new '65 coupe from the local dealer for a bit over
$4500, but opted for a '67 GTO 4-speed hardtop.
So, yes, you're right. Some Ferraris do appreciate and the reasons why are far too many to discuss on a Corvette forum. (I will gladly discuss them with you if you want to send me a PM so we can do so offline)
Sorry to drone on about your post, but I just couldn't find the specific Ferrari which you were trying to share with us.
Likewise a 1962 GTO, which was probably pretty expensive when 32 of them were built, ostensibly to homologate them or racing in the GT class, are almost priceless today - figure at least $25 million in today's market.
I sold a 288 GTO to a fellow in a neighboring state back in 1985 when I was in the biz, for a bit over $80K. Within 6 months they were bringing nearly a $ million at auction.
There's a lot of stories about prices of old Ferraris, but so there are on certain Corvettes. What did a '63 split window C2 coupe sell for new? I was offered a new '65 coupe from the local dealer for a bit over
$4500, but opted for a '67 GTO 4-speed hardtop.
So, yes, you're right. Some Ferraris do appreciate and the reasons why are far too many to discuss on a Corvette forum. (I will gladly discuss them with you if you want to send me a PM so we can do so offline)
Sorry to drone on about your post, but I just couldn't find the specific Ferrari which you were trying to share with us.
Don't mind Racer,
His 100000000 posts and the signature that say's he "knows what he is talking about" says it all
Anything that comes close to interfering with his ostensibly huge ego and he he comes out firing.
The guy really takes the fun out of the joint.
As for american exotics, there is the new hennesey.
or the new McLaren if you want to go that route.
But as you said, it is best if you are getting your car and regard it as a whimsy, because if you think of it as an investment, then you will be in for a big bad, and sad surprise. 430s included - and that goes for vettes too.
03-21-2011, 08:58 PM
#20
Team Owner
Don't mind Racer,
His 100000000 posts and the signature that say's he "knows what he is talking about" says it all
Anything that comes close to interfering with his ostensibly huge ego and he he comes out firing.
The guy really takes the fun out of the joint.
As for american exotics, there is the new hennesey.
or the new McLaren if you want to go that route.
But as you said, it is best if you are getting your car and regard it as a whimsy, because if you think of it as an investment, then you will be in for a big bad, and sad surprise. 430s included - and that goes for vettes too.
His 100000000 posts and the signature that say's he "knows what he is talking about" says it all
Anything that comes close to interfering with his ostensibly huge ego and he he comes out firing.
The guy really takes the fun out of the joint.
As for american exotics, there is the new hennesey.
or the new McLaren if you want to go that route.
But as you said, it is best if you are getting your car and regard it as a whimsy, because if you think of it as an investment, then you will be in for a big bad, and sad surprise. 430s included - and that goes for vettes too.