Ferrari Mailing List: Re: After-action report on 2007 F430

[Jim Conforti (lndshrk]

Larry,

Depreciation is the one thing that kept this deal from going.

Depreciation was one of the ways I calculated value.

Currently that car is worth 70-80% of it's MSRP ($186,xxx)

That's 130-149,000 for a range.

The other method was wholesale value + a reasonable ROI

Wholesale value $120-$130,000

Reasonable ROI 10-15%

That range is 132-149,500

So, call it $130-$150 is a fair(ish) deal.

On an asset that is depreciating like a rock, and they have
held onto since mid-May last year.

I offered 140 - had they come back w/ 150 - I likely would
have met them in the middle 145 - overpaid 5k and been done.

Of course, buying a Ferrari isn't a logical thing to do.

;)

Jim

PS: I said depreciation - because they are in this car since
MAY 2009 - and it's depreciated at least $15,000 since then.

They want ME to eat that part of their folly - I won't.