F430 Buyer's Guide

Also from Issue 119

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  • 330 GTS restoration
  • Luca di Montezemolo on leadership
  • Formula 1: Ferrari scores a surprise win
  • ALMS: Twin podium finishes
  • Legends: The F2001
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Intro | On the Road | The Garage I Owners’ Take

 

Marketplace

 

THE CURRENT F430 MARKET can be summarized with a quick look on eBay or in the Ferrari Market Letter, where you’ll find dozens of these cars for sale. It’s a buyer’s market out there, and, unlike the collectible Ferraris of the 1950s and ’60s, F430 are simply used cars, which means that they depreciate over time. Depreciation will likely continue for years to come, especially as more used 458s arrive on the market, but even at today’s prices the F430 still offers a lot of performance for the money in Ferrari terms.

There’s a significant difference in price between the “regular” Berlinetta and Spider and the “special” Scuderia and 16M. This is due primarily to rarity: Ferrari built roughly 15,000 Berlinettas and Spiders, but only around 2,000 Scuderias and a claimed 499 16Ms (many believe that actual 16M production was higher).

The price spread within each model is caused by a number of factors, including desirable options and color combinations, obvious problems, deferred maintenance and, of course, mileage. Most buyers of late-model Ferraris have a Freudian mind-set; they want a low-mileage virgin. As a result, 2,000-mile examples cost more than 10,000-mile ones, and cars with 30,000-plus miles are extraordinarily difficult to sell.

This creates an unusual situation, because low mileage often equates to harder usage. Many owners keep their F430s for only two or three years, and such owners tend to drive their cars very hard and put them away wet. Such “Ferrari miles” are much harder on the equipment than, say, “Mercedes miles,” which means that a higher-mileage, one-owner F430 is almost always a better car than a lower-mileage example with several owners.

The good news for all buyers is that the F430 is by far the most-reliable V8 Ferrari on the used market today. In addition, owners don’t have to worry about the dreaded cam-belt service—the new V8 utilized timing chains, unlike the earlier 360 engine—which means the F430 is relatively inexpensive to maintain, as well.

Don’t ignore the basics, however. As always with any Ferrari purchase, do your research, buy the best car you can afford and have it inspected by a shop that knows the model inside and out. You want a car with a full, documented service history, even if it costs a little more.— Michael Sheehan

 

Model                                  Low               High            
F430 Berlinetta $115,000 $135,000
F430 Spider $135,000 $155,000
430 Scuderia $145,000 $180,000
Scuderia Spider 16M $210,000 $300,000

 

These prices are for cars in good condition with roughly 10,000 miles. There’s a premium for cars with lower mileage: Add $10,000 for a Spider or Scuderia and $20,000 for a 16M with less than 2,000 miles. The Recent Listings section below shows asking prices; actual sale prices are usually at least 10-percent lower. 

 

Recent Listings

2005 F430 9,405 miles. Grey with tan interior. F1 transmission, Scuderia shields, yellow calipers, Daytona seats, carbon-fiber interior trim. Asking $130,000

2005 F430 Spider 32,000 miles. Red with tan interior and black top. F1 transmission, carbon-ceramic brakes, Daytona seats, Scuderia shields,
Hi-Fi, carbon-fiber trim. Asking $130,000

2006 F430 21,000 miles. Red
with black interior. F1 transmission, Daytona seats, tire-pressure monitors, ball-polished wheels. Asking $125,000

2007 F430 Spider 3,500 miles. Silver with red interior. F1 transmission, Daytona seats, carbon-fiber trim. Asking $177,000

2008 430 Scuderia 7,700 miles. Red with black interior. Factory navigation. Asking $185,000

2008 430 Scuderia 16,000 miles. Yellow with black interior. Asking $164,000

2009 Scuderia Spider 16M 8,700 miles. Red with red/black interior. Navigation, exterior carbon-fiber trim, tricolore exterior stripe. Asking $260,000

 

Intro | On the Road | The Garage I Owners’ Take

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