My Ferrari F430 has Depreciated $125,000 and I am Happy About This!

We talk about the deprecation of my F430 and why that is a great thing for the used car market.

[@pmr413]

That was fun to listen to the two of you discussing cars. You should plan that every few months or so...Pat

[@JohnEngel]

Pat-413 thank you. I wish he was closer so I could have him on more.

[@EuropeanAutoGroup]

You can grab back that value by putting a 6 speed in it ;)

[@JohnEngel]

European Auto Group I would love to do that. When the clutch goes out I will look into it.

[@Braydenplaysallday]

Just in time to watch it appreciate 👍🏻

[@JohnEngel]

JK 911 I sure hope so. That would be awesome but I think we have some time.

[@ExtremeAutomotiveAddiction]

I enjoyed the video a lot! Keep them coming

[@JohnEngel]

Extreme Automotive Addiction thank you so much. It was a fun one to make.

[@danpar1979ify]

Very interesting , I guess I be never really seen the same point of view as you guys . I’ve always loved cars but I think modding your car always gives you some sense of pride and joy when you build it that you don’t get from just buying it off the lot . Sure it might be a bad investment bu t You tend to appreciate it more In my opinion . lastly I also don’t think cars are a really good investment that’s the last thing on my mind when I buy a car , enjoy it !

[@JohnEngel]

daniel paredes great points.

[@remi418]

Loved this discussion. I liked the focus on ROI, and maximizing enjoyment while minimizing cash loss. I feel the F430 is still one of the best compromise as of today in regards to Ferraris. What do you think?

[@JohnEngel]

I agree with you. I think that a 308 or 456 is the best value in ferrari right now but if you are looking for a mid engine than the 430 is the best deal.

[@nickrichardson7451]

Great thoughts!! Me, well, I’m waiting on values softening on the Mondials and 308GT4’s! They seems to be dropping some already. I’ve had 4 Gt4’s but don’t fancy paying a high figure for a car that previously cost lots less! I agree the California looks like a good buy but how low will it go? 456GT’s have pretty much collapsed

[@JohnEngel]

Nick Richardson hey Nick and thank you for the comment. I could not agree more with you. The 308 has always had a special place in my heart. I still think the 456 will go down a little more.

[@hullinger]

Dude, that was fun and I wish it was longer. I really wanted to hear more about both of your thoughts on the California. I agree with you in that it's a stunning looking car and yeah, I think the prices are gonna continue to go lower. On the other hand, the 612 has been on my radar since I think it's price may have bottomed-out. What's your thoughts on the 612?

[@JohnEngel]

East Coast Classics I think the 612 is an awesome car and it has a 12 cyl engine, which is a plus for collectability but not reliability or maintaining it. I do think the price is about at its bottom. One just sold for 79K which was a deal.

[@airval]

Great news to pick one up as the next car. Still think F cars are priced too high in Canada, need a nice fibonacci retracement and I will buy.

[@JohnEngel]

Vali Lazarescu I could not agree more. Great value in the car world. I have not looked at the Canadian market but I will have to check it out. Thank you for the comment and let me know when you get yours.

[@garyfeenstra7591]

Disagree about modding a car decreases its value. Yes it will with some cars but your Model A can only go up in value with mods.

[@JohnEngel]

Gary Feenstra Gary Gary Gary. :) you are right about my model A. I could spend 100K to hotrod it and it would be worth 50k to 70K. So yes it will be worth more than a stock Model A but still with a net loss. This is a rum and coke topic. Lol.

[@hullinger]

Dude, that was fun and I wish it was longer. I really wanted to hear more about both of your thoughts on the California. I agree with you in that it's a stunning looking car and yeah, I think the prices are gonna continue to go lower. On the other hand, the 612 has been on my radar since I think it's price may have bottomed-out. What's your thoughts on the 612?