Are Speciale That Special

[355fiorano]

That blue one at Macari looks to be the same that had been on DL showroom since November last year. Was told the first owner flipped it back to DL without taking delivery and was then sold to an owner that kept it on the floor to flip again. Not sure if it then got sold again and now is with Macari to sell. At these prices its probably destined not to be driven.
I am hoping prices level or dip, at least in the short term. I really want to enjoy my CS but if the values continue to increase it makes it a lot harder to use as you want and also proper maintenance gets a lot more expensive! I was chatting to a very well known independent a little while ago that has a large stockroom of parts. The valuation of the stock has skyrocketed and his insurance has gone through the roof. Also stocking new parts takes up so much more cash. Ultimately all these costs will get passed on.

[jtremlett]

355fiorano said:

That blue one at Macari looks to be the same that had been on DL showroom since November last year...

Not the same car (surprisingly).

Jonathan

[F355spider]

Are Speciale that special?

I was lucky enough to order mine at a time when they werent selling. I had it a year, did circa 5000 miles and a couple of track days. I sold it for a profit to an independent dealer.

Was it that Special? In a nut shell it depends on your definition of special. It certainly lost no money, in fact it made money so its value became its own enemy. Attention drawing 10/10. Comfortable on journeys, bit like a gruff 458. Did i love it.... No i adored it. Its value killed it for me

Special to drive? At the same tine as my Speciale ownership i had a 991 GT3 that would do exactly the same job and be more warmly received at track days. Most times id pick the GT3

Would i buy another at current market prices... No

I've a 488 spider coming in a few weeks. Hopefully it will thrill like the speciale

Edited by F355spider on Sunday 28th August 10:15

[Russell996]

F355spider said:

Its value killed it for me.

Afraid I don't understand why having a supercar that doesn't lose money is anything but a positive. Sure, not driving it would return more money but compared to pretty well any other car even if you did a lot if miles the return would still be good.

Edited by Russell996 on Sunday 28th August 10:38

[Magic919]

All that loose money.

[F355spider]

Russell996 said:

F355spider said:

Its value killed it for me.

Afraid I don't understand why having a supercar that doesn't lose money is anything but a positive. Sure, not driving it would return more money but compared to pretty well any other car even if you did a lot if miles the return would still be good.

Edited by Russell996 on Sunday 28th August 10:38

Because im not wealthy enough to ignore its value/potential profit

[Russell996]

F355spider said:

Because im not wealthy enough to ignore its value/potential profit

So you were happy to buy it and use it when you thought it would lose money and then when it didn't and made money you suddenly felt it changed from being a car to an investment? But you are again happy to lose money on a 488?
Sorry, still don't understand, there can be no better supercar than one you can use and still come out ahead.

Edited by Russell996 on Sunday 28th August 11:06

[F355spider]

Russell996 said:

So you were happy to buy it and use it when you thought it would lose money and then when it didn't and made money you suddenly felt it changed from being a car to an investment? But you are again happy to lose money on a 488?
Sorry, still don't understand, there can be no better supercar than one you can use and still come out ahead.

Edited by Russell996 on Sunday 28th August 11:06

Never buy these things to make money Russell, but on the rare time that one does it would be foolish to not consider it unless you love the car that much. The money made was a decent chunk. Keeps things sweet with the wife and hopefully the profit will contribute towards the losses ive made over the last 15 years . I suspect my 488 spider will be a safe place until the 488 speciale is launched.

Edited by F355spider on Sunday 28th August 11:17

Edited by F355spider on Sunday 28th August 11:19

[Rari]

Would i buy another at current market prices... No


So out of interest what price would tempt you?

Couple of us have agreed our trigger is around the £225k mark (if that ever happens) or we are prepared to wait.....

[Juno]

Now looking around and 488's seem to be coming down to £220k's range,looking at the trickery it should be a bit quicker than 458 Speciale, it doesent look unexciting either despite the turbos. Whats the score when a 488 Speciale is announced?

[Rari]

Juno said:

Now looking around and 488's seem to be coming down to £220k's range,looking at the trickery it should be a bit quicker than 458 Speciale, it doesent look unexciting either despite the turbos. Whats the score when a 488 Speciale is announced?

I won't be reaching for my cheque book. I know what I'm after......

[Juno]

I read on another thread GTR RS's have taken a big correction and still not selling ?

[Magic919]

Juno said:

I read on another thread GTR RS's have taken a big correction and still not selling ?

Probably because nobody has heard of it.

[Juno]

GT3 RS

Magic919 said:

Juno said:

I read on another thread GTR RS's have taken a big correction and still not selling ?

Probably because nobody has heard of it.

[Bunk]

The issue with bubbles is that its virtually impossible to predict what will cause them to burst. The market is full of stuff that just makes no sense whatsoever, and its not just confined to Ferrari. Its like Jose Mourinho said recently about Pogba, yes £89m is a lot of money but there are £10m players that are even greater wastes of money.

At the end of the day, we are living in exceptional times for monetary policy. Interest rates are at rock bottom and looking like they may even go negative. Its no wonder hard asset values are rising.

To predict the end of this car bubble is IMO saying you can predict the next financial crisis, and if you know the anwser to that I'd love to hear it. Yes there are lots of reason why it could happen from Brexit, to the disintegration of Europe, to slowdown in China to the Middle East etc etc but it will probably be none of those, because they are too obvious.

I have been in and out of the market for a few years now, getting in and out of Gt3RS, Challenge Stradale, Carrera GT and others all at a profit but enjoying the cars too and driving the nuts off them. I recently got back in to a 458 and am thrilled with it and intend to enjoy it, and am not going to waste time worrying about whats going to tip us back into the next serious recession that may cause me to lose money on the car because it could be next week or next decade and if I knew the answer to that I'd be so super wealthy I wouldn't have to worry about it.

...................all that said, having been following the market for quite a while, a lot of that stuff like Speciales and GT3RS's that are going for overs....loads of those cars have been advertised at levels for over six months and none appear to be selling so the real bargain point must be substantially lower than where it is now.

[Juno]

Here we go Amari Supercars have a lovely 458 Speciale 1 Owner car with 500 miles at sub £300k,how the hell do some dealers expect nealy 400k,Crazy

http://www.amarisupercars.com/detail/150278/ferrar...

[rosino]

Juno said:

Now looking around and 488's seem to be coming down to £220k's range,looking at the trickery it should be a bit quicker than 458 Speciale, it doesent look unexciting either despite the turbos. Whats the score when a 488 Speciale is announced?

I asked the same to a twitter post of an EVO writer.. would you ever pick up a 488 instead of a Speciale.. and he replied no chance.. the 488 is quick all you want.. but it's not as involving as the Speciale and will never have that engine. No matter how quickly it can propel you to 200mph on our ridiculously overcrowded and narrow UK roads.

The 488 Speciale might be different or will surely be different, think about a 675LT type of monster but more involving, but still it won't be an n/a.

All I'm saying is that values are high, no doubt. But the car is incredible, after a 1000miles road-trip in the alps I can say that no other car would have given me so many gosebumps on so many roads. I adored the GT3 but on mountain passes the Speciale was so much more fun it's almost unfair to compare them.

[RamboLambo]

Juno said:

Here we go Amari Supercars have a lovely 458 Speciale 1 Owner car with 500 miles at sub £300k,how the hell do some dealers expect nealy 400k,Crazy

http://www.amarisupercars.com/detail/150278/ferrar...

Priced to sell whilst others just take root.

Given its a reasonable/sensible spec car its still over list price at I guess circa £230k.
1st owner has probably cashed in £40k profit and dealer will make £20k which is better than having it take up a sales space for 12 months.
At last some sense in the market place and probably a sign of the direction things are going in. In a minute there will be a flood of them similarly priced and therefore it will be more difficult for the dealer to grasp the sale. I guess Amari are ahead of the game and know what they are doing whilst others blindly and greedily are forever hoping for more ( because they have only seen an increasing market ).
When the price correction comes and it will its going to be quite severe for some. I still think you would be brave to fork out £300k and would rather wait. Remember 430 Scuderia at £110k

[rosino]

Well remember also air cooled Porsches.. If these are the last n/a engines, a good spec well cared example in 10-15 years time could really be sought after. It's true there's a few around but same for the 993s.. Unless the faster is better philology prevails (which I doubt as more and more manufacturers are going back to slower but more fun) then it will become a classic IMHO.

I strongly suggest you take one out for a drive on a good road and you will understand what I mean :-)

That said 350-400k asking price for RHD never made any sense.

[f1ten]

400,000 or even 300,000 is over the top
Once it's no longer the latest craze around town they will start dropping
It's happened with every single other main stream Supercar