Behind the Wheel | Ferrari F430
Machine Is a Dream. Wait Is a Nightmare.
FERRARI is on a roll. These days, we take for granted that auto enthusiasts with very deep pockets line up for whatever the Maranello factory deigns to produce, but this wasn’t always so. Consider the unloved 348 of the late 1980s and early ’90s, which has depreciated enough that an irresponsible family man could ask himself, “Do I buy the loaded Honda Odyssey or the used Ferrari?”
I’m going to venture a guess that the F430, the entry-level car in the Ferrari line, will never depreciate into minivan territory. In fact, for the moment, it’s not depreciating at all. While new F430s list for about $185,000, my unscientific eBay research found that used F430s are going for around $300,000.
This thing must cause meltdowns in the mainframe at Kelly Blue Book. Used-car appreciation? Does not compute!
The F430’s unlikely worth in the used-car market comes down to two factors. First, it’s a brilliant car, as I’ll explain. Perhaps more important, Ferrari refuses to build enough cars to satisfy demand.