OT: Crazy prices for Ferrari 360 & BMW Z-8

OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by frankha.. » Thu, 14 Dec 2000 06:17:21


I saw prices of $225,000 for slightly used (2K miles) 360 Modena and
$229,000 for BMW Z-8.  The prices were listed in the Wall Street
Journal.  I know eBay had a place in the line (queue) was selling
$60,000.

What is the factory price for a new version of each one of these cars?

I thought the sticker price on the 360 was about $140,000.

Why is the BMW so high?  Can't you get a big Aston Martin convertble
for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
more.  How many will BMW build this year?

I hope Jag decides to build that new sports car.

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OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by Chris K » Thu, 14 Dec 2000 07:00:34

FWIW - The 360 Modena retails for around $140K (MSRP) and the Z8 - its MSRP
is $128K.  Neither car is "easy" to find at a dealer, but can be found in
*** car shops and throughout the DuPont Registry.  Simple case of supply
and demand here.  Both cars have long wait lists, so if you want one now -
you have to pay.  360's go for $200K+ in the DuPont Registry.  The Z8 is
also a very popular car right now as they are produced in very limited
numbers (5000 total suposedly).  If you haven't signed the list by now - too
late.  Same goes for the new M3 - you will see them hit $80+ when they
arrive. (at least for the first year - after that they will become more
readily available like the M5).

BTW - The Aston Martin DB7 Vantage Volante (the convertible) retails for
around $145K. I'd buy a Z8 over an Aston Martin any day.  A 400- horse
32-valve V-8 under the hood (with F1 derived individual throttle bodies I
might add) makes for a very quick roadster.

Chris K.


Quote:
> I saw prices of $225,000 for slightly used (2K miles) 360 Modena and
> $229,000 for BMW Z-8.  The prices were listed in the Wall Street
> Journal.  I know eBay had a place in the line (queue) was selling
> $60,000.

> What is the factory price for a new version of each one of these cars?

> I thought the sticker price on the 360 was about $140,000.

> Why is the BMW so high?  Can't you get a big Aston Martin convertble
> for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
> more.  How many will BMW build this year?

> I hope Jag decides to build that new sports car.

> Sent via Deja.com
> http://SportToday.org/


 
 
 

OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by frankha.. » Thu, 14 Dec 2000 07:47:08



Quote:
> FWIW - The 360 Modena retails for around $140K (MSRP) and the Z8 -
its MSRP
> is $128K.  Neither car is "easy" to find at a dealer, but can be
found in
> *** car shops and throughout the DuPont Registry.  Simple case of
supply
> and demand here.  Both cars have long wait lists, so if you want one
now -
> you have to pay.  360's go for $200K+ in the DuPont Registry.  The Z8
is
> also a very popular car right now as they are produced in very limited
> numbers (5000 total suposedly).  If you haven't signed the list by
now - too
> late.  Same goes for the new M3 - you will see them hit $80+ when they
> arrive. (at least for the first year - after that they will become
more
> readily available like the M5).

> BTW - The Aston Martin DB7 Vantage Volante (the convertible) retails
for
> around $145K. I'd buy a Z8 over an Aston Martin any day.  A 400- horse
> 32-valve V-8 under the hood (with F1 derived individual throttle
bodies I
> might add) makes for a very quick roadster.

> Chris K.

Thanks Chris.  I knew people were over paying but WOW! What a premium.
I am not a huge BMW fan but they can build a motor.  I think the BMW F1
engine will be a monster in 2001.  I think they were just getting their
feet wet in 2000, making sure hey made it reliable and slowly
improving.  Jenson actually developed in the same way during the year.
Slowly but surely getting better in each race.

- Show quoted text -

Quote:


> > I saw prices of $225,000 for slightly used (2K miles) 360 Modena and
> > $229,000 for BMW Z-8.  The prices were listed in the Wall Street
> > Journal.  I know eBay had a place in the line (queue) was selling
> > $60,000.

> > What is the factory price for a new version of each one of these
cars?

> > I thought the sticker price on the 360 was about $140,000.

> > Why is the BMW so high?  Can't you get a big Aston Martin convertble
> > for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
> > more.  How many will BMW build this year?

> > I hope Jag decides to build that new sports car.

> > Sent via Deja.com
> > http://SportToday.org/

Sent via Deja.com
http://SportToday.org/

 
 
 

OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by Barry Posne » Fri, 15 Dec 2000 09:10:16

Quote:

> Why is the BMW so high?  Can't you get a big Aston Martin convertble
> for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
> more.  

If you knew anything about free-market economics, you'd understand that
the "worth" of a good is whatever somebody is willing to pay for it. If
that car sells for $229,000, then that's what it is "worth", at least to
the buyer.

Prices are defined by the intersection of the supply and demand
functions of the good in question, not some be-cubicled bureaucrat who's
job it is to place a social value on everything. Can't you understand
that, or are you actually a closet socialist?

Quote:
> How many will BMW build this year?

Dunno, but I heard only 80 are destined for North America in the first
year run.

bp

 
 
 

OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by frankha.. » Fri, 15 Dec 2000 13:58:57



Quote:

> > Why is the BMW so high?  Can't you get a big Aston Martin convertble
> > for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
> > more.

> If you knew anything about free-market economics, you'd understand
that
> the "worth" of a good is whatever somebody is willing to pay for it.
If
> that car sells for $229,000, then that's what it is "worth", at least
to
> the buyer.

> Prices are defined by the intersection of the supply and demand
> functions of the good in question, not some be-cubicled bureaucrat
who's
> job it is to place a social value on everything. Can't you understand
> that, or are you actually a closet socialist?

No Duh Barry.  I did quite well in economics thank you.  I was just
amazed that some jackass would spend a $70,000 + premium to be the
first owner on the block.  Some people were dumb enough to vote for
***so go figure.

Barry, if you are so ***y clever, draw me a supply & demand curve for
the Z-8's. ;-)

MJF is the closet socialist along with a load of other PC'ers & greens
in this NG.  I have stopped wondering why these whiners like the most
capitalist & ozeone depleting sport in the world.  They are just TV
junkies who are easily manipulated by the mainstream press.

Quote:
> > How many will BMW build this year?

> Dunno, but I heard only 80 are destined for North America in the first
> year run.

Sh*t.  No wonder they are paying $70,000 +.  I would guess the output
worldwide must be 500 or less.

Quote:
> bp

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OT: Crazy prices for Ferrari 360 & BMW Z-8

Post by Phil Newnha » Fri, 15 Dec 2000 19:02:48


Quote:
> I saw prices of $225,000 for slightly used (2K miles) 360 Modena and
> $229,000 for BMW Z-8.  The prices were listed in the Wall Street
> Journal.  I know eBay had a place in the line (queue) was selling
> $60,000.

> What is the factory price for a new version of each one of these cars?

> I thought the sticker price on the 360 was about $140,000.

> Why is the BMW so high?  Can't you get a big Aston Martin convertble
> for about $85,000 or a Jag convert?  No way the BMW is worth 3 times
> more.  How many will BMW build this year?

I think the Z-8 looks like a Ferrari. Having seen one at Birmingham, it does
look very nice indeed, and it's very comfortable (even if you're 6ft like
me). The nose makes it look like a shark nose with a BMW grill though, IMHO.

Quote:
> I hope Jag decides to build that new sports car.

I believe they will, although not in it's current form. I spoke to one of
the Jaguar reps, and he explained that the wing mirrors would have to be
moved (they would fall off at high speed at the moment) and a better roof
solution would need to be found than at present.

--
Phil
http://sis.bris.ac.uk/~pn8013

Rah rah rah rabbit