Ferrari 458 Prices

[Durzel]

phib said:

There will always be people that have 'X' to spend and will buy what people the best to be in that price bracket i.e. Ferrari, Mclaren, Lambo etc etc

and then there will be people who will just buy a Ferrari and wont even consider anything else (you either get that bit or you don't !!)

I am in the Ferrari only camp !! Driven all the others but in my view the others just aren't a Ferrari ... I just have never been able to see past that

There's nothing wrong with that attitude imo. I feel very much the same.

[SL550M]

simonr100 said:

Then he is making a huge mistake!

Tongue in cheek I presume? Otherwise, it's a ridiculous comment...although I think we can all forgive a little 'new purchase' marque bias

[TonyF]

phib said:

Have to agree prices seem to be rock solid, not sure when the 488 will start to drive prices down maybe 12 /18 months ( but I don't have a crystal ball !!)

There will always be people that have 'X' to spend and will buy what people the best to be in that price bracket i.e. Ferrari, Mclaren, Lambo etc etc

and then there will be people who will just buy a Ferrari and wont even consider anything else (you either get that bit or you don't !!)

I am in the Ferrari only camp !! Driven all the others but in my view the others just aren't a Ferrari ... I just have never been able to see past that

Hopefully 458 spiders will fall ... as I want one !!

Phib

I agree, I sold a gallardo spider after 5 years of ownership and bought a 2014 458 spider, McClaren doesn't do it for me they are very capable cars I'm sure but just look so boring/ bland to the eye. (Apart from the P1 that is)

[simonr100]

SL550M said:

simonr100 said:

Then he is making a huge mistake!

Tongue in cheek I presume? Otherwise, it's a ridiculous comment...although I think we can all forgive a little 'new purchase' marque bias

Not really - when I started looking for a car to add to my Aston I wanted my boyhood dream of a car - a Ferrari or Lamborghini(I was born in 75) and I started looking at both of these marques, I really fancied a 599 but when I looked they couldn't match the 12C spider, the dealer I bought from had a 458 parked next to my car, it looked lovely but next to the 12C it seemed to fade into the distance, people at the dealers were ignoring the 458 but looking at the12C. It felt more special, more superior etc. I also liked the fact that a McLaren is far rarer than a Ferrari - you see 10 ferraris for every Mclaren you see.
The next car I add to my garage will probably be a Ferrari, I love the brand and the heritage but I felt that the 458 was inferior to a 12C spider.
Just my opinion.

[SL550M]

simonr100 said:

Not really - when I started looking for a car to add to my Aston I wanted my boyhood dream of a car - a Ferrari or Lamborghini(I was born in 75) and I started looking at both of these marques, I really fancied a 599 but when I looked they couldn't match the 12C spider, the dealer I bought from had a 458 parked next to my car, it looked lovely but next to the 12C it seemed to fade into the distance, people at the dealers were ignoring the 458 but looking at the12C. It felt more special, more superior etc. I also liked the fact that a McLaren is far rarer than a Ferrari - you see 10 ferraris for every Mclaren you see.
The next car I add to my garage will probably be a Ferrari, I love the brand and the heritage but I felt that the 458 was inferior to a 12C spider.
Just my opinion.

That's fair enough. I suppose what I was trying to say (albeit in a clumsy, short-hand kind of way) was that there are essentially no 'mistakes' at this level, just a multitude of personal preferences.

[simonr100]

SL550M said:

That's fair enough. I suppose what I was trying to say (albeit in a clumsy, short-hand kind of way) was that there are essentially no 'mistakes' at this level, just a multitude of personal preferences.

I agree.

[W4NTED]

I've been looking at 458's for a while now and prices have not moved much...if anything they have gone up! Some 2011 Italia's in the dealer network are commanding £160k and 6 months back these were circa £150k!

[Durzel]

W4NTED said:

I've been looking at 458's for a while now and prices have not moved much...if anything they have gone up! Some 2011 Italia's in the dealer network are commanding £160k and 6 months back these were circa £150k!

I don't have a dog in this fight anymore, but my honest opinion is that 458 prices are going to stay much the same if not trending slightly upwards simply because the only thing that's going to compress them is more 488s appearing on the market. The ones that are appearing are currently well into the £230ks (RHD) so are an entirely different financial proposition.

The F430 market is almost a cushion for 458 prices, I can't see the two getting much closer together because the 458 is (again my opinion) a significant jump forwards in all departments. Ergo the 458 can't go down significantly while the F430, and correspondingly the 360 are supporting it.

I think the later 458s could be under pressure though - basically anything that's getting to within ~£30k of 488 prices I think is due a correction before long.

Take the above with a pinch of salt though - I passed over a mint heavily optioned (carbon driving zone, CCMs, Daytonas) rosso/crema F430 Spider F1 that was up for £80k during Christmas 2015 because I thought prices "would drop any day now", only to see it bought by Ferrari and sold again at £95k. Not that I've kicked myself many times or anything...

[cgt2]

Durzel said:

The ones that are appearing are currently well into the £230ks (RHD) so are an entirely different financial proposition.

Which is basically list price for a nicely optioned 488. Wonder if anyone has knowledge of actual sales at that level?

[RamboLambo]

I agree a 458 is a big step up on f430 but surely relying on the F430 to prop up the price is naaive when those prices seem well over inflated for no good reason.

I bought a high spec 2009 f430 in 2010 for £120k and sold it 3 years 8,000 miles later for £85k.
Today with the spec and 15k mileage they would be asking the £120k at retail but why ??? Its older with more mileage and whilst a rare spec its still a high volume regular production car.
If I compare that to a 3 year newer 12C at the same price its a no brainer for me - McLaren is far superior. Some would argue 12C is superior to 458 even

These are the cars that seem over inflated and likely to see a big price reduction IMHO
If that happens 458 will follow suit

[dang2407]

RamboLambo said:

I agree a 458 is a big step up on f430 but surely relying on the F430 to prop up the price is naaive when those prices seem well over inflated for no good reason.

I bought a high spec 2009 f430 in 2010 for £120k and sold it 3 years 8,000 miles later for £85k.
Today with the spec and 15k mileage they would be asking the £120k at retail but why ??? Its older with more mileage and whilst a rare spec its still a high volume regular production car.
If I compare that to a 3 year newer 12C at the same price its a no brainer for me - McLaren is far superior. Some would argue 12C is superior to 458 even

These are the cars that seem over inflated and likely to see a big price reduction IMHO
If that happens 458 will follow suit

That just goes to show that the most technologically advanced car is not the one that everybody wants. If you take the Porsche world as another example, the asking price of the air-cooled 911's is way above the later 996's and even some 997's.

[W4NTED]

RamboLambo said:

I agree a 458 is a big step up on f430 but surely relying on the F430 to prop up the price is naaive when those prices seem well over inflated for no good reason.

I bought a high spec 2009 f430 in 2010 for £120k and sold it 3 years 8,000 miles later for £85k.
Today with the spec and 15k mileage they would be asking the £120k at retail but why ??? Its older with more mileage and whilst a rare spec its still a high volume regular production car.
If I compare that to a 3 year newer 12C at the same price its a no brainer for me - McLaren is far superior. Some would argue 12C is superior to 458 even

These are the cars that seem over inflated and likely to see a big price reduction IMHO
If that happens 458 will follow suit

When have we seen a price reduction on Ferrari's? IF anything they have always gone up not down. If they do go down they tend to go back up again and your example above proves just that! The Russians Indians and Chinese also show faith in the Ferrari brand and a lot of the car's from the UK are exported driving up prices. I have a friend in the trade who exports cars to these people for a living and they all seem to want RHD cars which will eventually create a shortage of good examples in the UK market which will result in much sustained values when compared to your fav brand Mclaren which is just a depreciation disaster! With all the new Mclaren's on the way it won't be long before we see 570s for £80k and 650S for £120k - that's the brand that will see a HUGE correction simply due to the amount of new cars they are coming out with all the time. I'd sell the Mclaren and get back in to an F car if I was you RamboLambo

[MingtheMerciless]

Hmm. I bought my 2010 starship mileage (20k) but perfect spec 458 last August, having previously sold my F430 Spider for the same money I paid for it 5 years previously. I'm just thrilled to buy cars like this to drive the nuts off them (in a perfectly tasteful and responsible way of course) and then, as a total bonus, for the first time - not lose money .

And while I love F cars I'm not averse to a bit of Mac and as someone else said, there's no mistake at this level, it's just a matter of preferences. I didn't really consider a Mac though because I'm based in Ireland and it's enough of a pain getting to Belfast for servicing / work on cars.

And I do hope (but actually don't care that much) that I don't lose too much money when the time comes to chop in the 458 for a .....whatever.

Just consider yourselves lucky you don't have to pay additional tax like I do on importing cars €66k on top of price of car in Sterling which has of course collapsed relatively speaking in the meantime versus the exchange rate I paid to buy sterling to buy the car.

[simonr100]

W4NTED said:

When have we seen a price reduction on Ferrari's? IF anything they have always gone up not down. If they do go down they tend to go back up again and your example above proves just that! The Russians Indians and Chinese also show faith in the Ferrari brand and a lot of the car's from the UK are exported driving up prices. I have a friend in the trade who exports cars to these people for a living and they all seem to want RHD cars which will eventually create a shortage of good examples in the UK market which will result in much sustained values when compared to your fav brand Mclaren which is just a depreciation disaster! With all the new Mclaren's on the way it won't be long before we see 570s for £80k and 650S for £120k - that's the brand that will see a HUGE correction simply due to the amount of new cars they are coming out with all the time. I'd sell the Mclaren and get back in to an F car if I was you RamboLambo

I have seen prices of Ferraris fall on a number of occasions, most recently about 2009 when you could buy a 456 for 16k and a 360 spider for £35k. All supercars tend to fall and rise over time. Do you remember the late 80's when car prices crashed massively? At some point it will happen again.

Ferrari has the history and is the car most boys dream of owning even if it isn't the best car. When I started to look for a car recently I thought I would buy a Ferrari and I was really keen on a 599 but for the money £140k for the car that I looked at compared to a 12C spider the choice was a no brained, the McLaren won which really surprised me.

I will probably buy a Ferrari next year but I certainly won't be selling my McLaren.

When people realise that you get a lot more for your money with a McLaren than a Ferrari prices MAY adjust.

[RamboLambo]

Hey I'm not here to bash Ferrari, they have always been my first love and aspiration.
I've owned several Ferrari's inc F430 spider and 430 Scuderia and I still have my original and 1st Supercar F355 GTS manual which I refuse to sell EVER so its value is meaningless to me.

I think McLaren and Ferrari prices are intrinsically linked.
12C at F430 prices does not make any sense to me when its comparable to 458. Ferraris seem artificially high and McLaren artificially low currently and this will see an adjustment as more people switch to McLaren.
Just look at the number of McLaren buyers recently on this forum alone
McLarens are also being exported and with a much smaller starting volume good RHD models will not satisfy the demand of a growing brand forcing prices up.

12C prices have already bounced having bottomed out at £110k so I don't see a 650S at £120k in the near future or at all

[Ferruccio]

Shouldn't all these posts be on Moneysavingexpert not PistonHeads..............??

[Durzel]

People have been talking down Ferrari prices for years. Literally years. Hell in 2014 I was sure F430s would start to come down, then 2015 came and I thought "any day now" whilst reading the consistently upward trend in voicey's market watch thread. Eventually I gave up and got a 458.

I honestly don't get the logic in having a debate about whether Ferrari is artificially high (what does that even mean? If money is changing hands there's nothing artificial about it) or whether McLaren or A.N.Other brand is "artificially low". It is what it is, no matter how much you want to delude yourself about how the whole market is just wrong and can't see how a different brand or car is "just better". If McLaren should be commanding higher prices, guess what - they would. The prices of all marques and models is what the market deems them to be worth and no amount of evangelising on here will change that.

Regards Ferrari - a previous poster nailed it - they are the archetypal poster car and as such they, and Ferrari themselves, are a safe bet. There will never be any shortage of people with the inclination to buy them. McLaren may well make technically better cars, in as many Top Trumps metrics you want to trot out, but it says nothing of the soul of these cars, the feeling when you finally buy one, when you open the garage to look at it. That is the sort of thing that you can't measure - it is intangible but very much there, and for some - myself included - it is what makes these cars change hands for ever increasing sums of money.

I don't mind this in any way a slight on McLaren or any other marque, but like attraction - you can't describe it, or quantify it, you just feel it.

Edited by Durzel on Tuesday 26th July 21:53

[Craigwww]

Ferruccio said:

Shouldn't all these posts be on Moneysavingexpert not PistonHeads..............??

Agreed. So much yawn.

Edited by Craigwww on Wednesday 27th July 05:02

[_Leg_]

Craigwww said:

Ferruccio said:

Shouldn't all these posts be on Moneysavingexpert not PistonHeads..............??

Agreed. So much yawn.

Edited by Craigwww on Wednesday 27th July 05:02

Yup.

Videos from last month driving my 458 Spider over the Brennerpass and Jaufenpass. I know, shockingly it turns out cars are for driving. Who knew?

As you can see, picking up on the TopTrump comment earlier, without overstepping the boundaries of what is safe on public roads, even quiet passes on an Evening, you can't even use the full performance of a 458 Spider never mind anything more capable so, ultimately, its about how it makes you feel. No way I would go into those blind bends any quicker than I do here. Too much risk of a cyclist being round there and that kind of thing will ruin everyone's day. Plus in the third video, on the Jaufenpass in the rain, the bloody great big drops down the mountain scare the bejesus out of me, not to mention the trees and the massive piss take from the rest of the lads on the trip if I binned the car.

Anyway, enough money talk, here's an Italian V8 cruising through the Alps. Buy one, enjoy, die happy.

https://www.youtube.com/watch?v=HFIDRUOv7AA
https://www.youtube.com/watch?v=jvLcDWJRFrk
https://www.youtube.com/watch?v=aduBDZUYsw0

[Durzel]

_Leg_ said:

Yup.

Videos from last month driving my 458 Spider over the Brennerpass and Jaufenpass. I know, shockingly it turns out cars are for driving. Who knew?

As you can see, picking up on the TopTrump comment earlier, without overstepping the boundaries of what is safe on public roads, even quiet passes on an Evening, you can't even use the full performance of a 458 Spider never mind anything more capable so, ultimately, its about how it makes you feel. No way I would go into those blind bends any quicker than I do here. Too much risk of a cyclist being round there and that kind of thing will ruin everyone's day. Plus in the third video, on the Jaufenpass in the rain, the bloody great big drops down the mountain scare the bejesus out of me, not to mention the trees and the massive piss take from the rest of the lads on the trip if I binned the car.

Anyway, enough money talk, here's an Italian V8 cruising through the Alps. Buy one, enjoy, die happy.

https://www.youtube.com/watch?v=HFIDRUOv7AA
https://www.youtube.com/watch?v=jvLcDWJRFrk
https://www.youtube.com/watch?v=aduBDZUYsw0

Great videos .. that noise... makes me seriously miss mine.

As remarked at this level the differences are to taste in my humble opinion.