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Re: ///M trade for Ferrari 360 Modena (archive)

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Posted by Scott Campbell on April 05, 1999 at 13:05:51:

In Reply to: Re: ///M trade for Ferrari 360 Modena posted by Robert on April 05, 1999 at 11:20:36:

The "Lease Only -- No Purchase" gig was on the F50 only. Ferrari did that to avoid the over-MSRP price speculation that typically happened with the high end Ferraris (the F40 and GTO's). For example, the F40 would sell used at 2x or more than the new price...and all the new ones were spoken for.

With the F50 lease, since the customer didn't "own" the car for two or three years after taking delivery, Ferrari seemed to believe there would be no secondary market created where unused (or seldom used) used cars would sell higher than new cars by people who just purchased them to speculate on the price. They were pretty much right. You did have a end-of-lease purchase option on your F50, though. So for the last couple years, these F50's have been available on the speculative used exotic market.
Ferrari hasn't felt the need (and probably won't with the Modena) to do lease-only on the lower end Ferrari (3xx, 456, 550).

As to the original question about paying over MSRP for a Modena, I'm not able to say. My guess would be that you would for the 1st year of release, then it would be strictly MSRP after that. Next year, the new Modena Spyder will probably exhibit the same behavior (making this year a great year to buy a 355 Spyder!). Unless you need it which case you'll almost always pay over MSRP for a late model Ferrari, new or used. Supply and demand, you know.

And then there's the old addage: "If you have to ask...". Alas, I'd have to ask...

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'00 M-Roadster silver/red/black (6-8 more weeks till delivery!)

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