Will the CS / Scuderia ever begin to increase in value?
#1
Will the CS / Scuderia ever begin to increase in value?
I was just thinking about this the other day and wondering to myself whether either of these cars will begin to increase in value over time and if so, when?
That isn't necessarily to say that they will surpass their original MSRPs but as collector editions one day maybe they will come close?
Seeing as how so far both seem to be showing a steady decrease in price does anyone believe that at a certain age that will stop?
I can understand it being yes because both are limited production, hardcore cars but at the same time no because neither are exactly the most iconic Ferrari ever put out.
What are your thoughts?
That isn't necessarily to say that they will surpass their original MSRPs but as collector editions one day maybe they will come close?
Seeing as how so far both seem to be showing a steady decrease in price does anyone believe that at a certain age that will stop?
I can understand it being yes because both are limited production, hardcore cars but at the same time no because neither are exactly the most iconic Ferrari ever put out.
What are your thoughts?
#3
The CS has started to stabilize in price, but I still think another 5 years before they start appreciating. Not sure on the production numbers, but it was in the 1200 odd region.
#5
This. The CS has a chance to increase, the Scud has almost no chance.
#6
Buying a car based on future worth is never a good idea. Buy it because you like it.
There were far too many Scuds made. It was more of a 'package' than a limited run of cars, like the CS. 3500+ Scuds vs ~1200 CS'. You do the math. If you keep your cars a long time, the CS has the better chance. It already is gaining traction and a cult following.
There were far too many Scuds made. It was more of a 'package' than a limited run of cars, like the CS. 3500+ Scuds vs ~1200 CS'. You do the math. If you keep your cars a long time, the CS has the better chance. It already is gaining traction and a cult following.
#7
As Hani said. You're going to wait a looong time (15 years+) for the Scud to start appreciating again. The production numbers also aren't in it's favor. Apparently they made 3500+ Scud's (including 16M).
The CS has started to stabilize in price, but I still think another 5 years before they start appreciating. Not sure on the production numbers, but it was in the 1200 odd region.
The CS has started to stabilize in price, but I still think another 5 years before they start appreciating. Not sure on the production numbers, but it was in the 1200 odd region.
Trust me, I absolutely love the CS. It is by far one of my favorite Ferraris ever. When I can afford one I will get one. Appreciation in price will just be a nice extra. I was just curious about it.
#8
NO
Scud's numbers world wide were close to 4000 units not including the 600-700 whatever Ferrari finally made of the 16m's and NO Guys they didn't just make the 499 they say they did. These numbers and constant bigger and better models coming out will keep these cars depreciating. They will slowly now and they won't drop near as fast as they did during the last 2 years of our depression but they will still depreciate. The 458 is actually helping them stabilize. 300k plus new cars that aren't 100k better cars aren't selling as fast as Ferrari would like therefore the Scuds have retained some better value over the last 6 months. Will they ever be worth more than 200k-235k as they sit now? No
CS's are a bit different. 1272 made 365 for the US market of which several units have crashed or left our shores. These cars have more of the Iconic cult following the OP asks. They took massive hits on depreciation as well over the last 2 years. Best examples 2 years ago were still trading close to MSRP 5 years after they were new. They have taken the 25-35% hit on value just like the Scud did with most cars now trading in the 120-145 range. 145 for a very select Launch color car with lower mileage. Some guys dreaming are still asking in the 160's but that's not reality on these cars. Cars are selling well before that high water mark.
Expect 140-145k for a well maintained CS vs 215k 2 years ago.
CS's with this Iconic cult following will also depreciate slower. They will find a bottom I believe about 20% less and they will most likely sit for a decade in that line. If they drop that much! Most CS's are 2nd to 5th Ferrari's in collections and get very little road time. I've driven mine 6 times in over 2 years. Wrong or right the typical CS owner has more than one car to exercise on the weekend. Lower use/mileage will help CS's maintain value over the years vs the heavier used Scuds.
So to answer your question the CS has the most possibility of gaining value in the future but I doubt it will be in the next 10 years.
Scud's numbers world wide were close to 4000 units not including the 600-700 whatever Ferrari finally made of the 16m's and NO Guys they didn't just make the 499 they say they did. These numbers and constant bigger and better models coming out will keep these cars depreciating. They will slowly now and they won't drop near as fast as they did during the last 2 years of our depression but they will still depreciate. The 458 is actually helping them stabilize. 300k plus new cars that aren't 100k better cars aren't selling as fast as Ferrari would like therefore the Scuds have retained some better value over the last 6 months. Will they ever be worth more than 200k-235k as they sit now? No
CS's are a bit different. 1272 made 365 for the US market of which several units have crashed or left our shores. These cars have more of the Iconic cult following the OP asks. They took massive hits on depreciation as well over the last 2 years. Best examples 2 years ago were still trading close to MSRP 5 years after they were new. They have taken the 25-35% hit on value just like the Scud did with most cars now trading in the 120-145 range. 145 for a very select Launch color car with lower mileage. Some guys dreaming are still asking in the 160's but that's not reality on these cars. Cars are selling well before that high water mark.
Expect 140-145k for a well maintained CS vs 215k 2 years ago.
CS's with this Iconic cult following will also depreciate slower. They will find a bottom I believe about 20% less and they will most likely sit for a decade in that line. If they drop that much! Most CS's are 2nd to 5th Ferrari's in collections and get very little road time. I've driven mine 6 times in over 2 years. Wrong or right the typical CS owner has more than one car to exercise on the weekend. Lower use/mileage will help CS's maintain value over the years vs the heavier used Scuds.
So to answer your question the CS has the most possibility of gaining value in the future but I doubt it will be in the next 10 years.