Has the 612 bottomed out?
Discussion
I agree with a lot of what you are saying but OP correct me if I am wrong but I don't think he intends to garage queen the car. Sounds more like he wants to use it but not lose his shirt in depreciation. In that regard I do think the 612 is a good option and while it is wise to budget to lose 10-15% per year when buying any car in this segment, the chart I posted tells a different story for the 612 - more like gentle appreciation over the last few years. Of course it may plummet at any stage but it's not like it has risen wildly as with other models so it doesn't appear to be artificially propped up by the current investor spree. I do have skin in this game but I think the slow and steady price increases of recent years are more to do with the design and format ageing well rather than collector/investor interest.
As mentioned above a 2+2 is not a weekend toy but rather bought by people who appreciate a big Ferrari V12 that can carry 4 in comfort and at speed effortlessly, and the 612 fills this role perfectly. Yes, the FF and Lusso are both amazing cars but for me the 612 is the last V12 GT to hark back to Ferrari's history rather than point out it's future. If you read various Ferrari forums the sentiment is weighted to the FF and Lusso not being automatic upgrades for 612 owners. The newer cars are a mind-shift in Ferrari's approach to the 2+2 which leaves the 612 as a final marker for the gentleman's GT. I may be wrong but I think there will be a NA Ferrari V12 in many of our futures and the 612 is a great option. This doesn't guarantee any investment potential, but I think it will protect it from significant depreciation.
As mentioned above a 2+2 is not a weekend toy but rather bought by people who appreciate a big Ferrari V12 that can carry 4 in comfort and at speed effortlessly, and the 612 fills this role perfectly. Yes, the FF and Lusso are both amazing cars but for me the 612 is the last V12 GT to hark back to Ferrari's history rather than point out it's future. If you read various Ferrari forums the sentiment is weighted to the FF and Lusso not being automatic upgrades for 612 owners. The newer cars are a mind-shift in Ferrari's approach to the 2+2 which leaves the 612 as a final marker for the gentleman's GT. I may be wrong but I think there will be a NA Ferrari V12 in many of our futures and the 612 is a great option. This doesn't guarantee any investment potential, but I think it will protect it from significant depreciation.
A quick look at the prices of Ferrari 456s (the previous 4 seater V12 Ferrari) would suggest that they are now £50-60k + for a decent one. The 612 was seen as a big step forward from the 456. This would suggest that 612 values will almost always exceed those of the 456. A good 612 is now £70k+. I guess that they bottommed out a couple of years ago.
thecook101 has understood my point of view and the junction I'm am now at, 4 years ago a purchased a top spec Range Rover RRS, approx £66k, 2 years later, frustrated by the drive I sold it back to the dealer for £40k, I have a similar budget for a daily and I can't stomach another couple of years knowingly burning £1k per month, for the same money I much prefer a calculated risk on something like a 612, even the standard spec car is rare and therefore special, as mentioned, a real sense of occasion each time you use it I'm sure.
Its all to easy spending £70k on a brand new top notch saloon that will burn £1k a month minimum so why not go for a used Ferrari V12 and see what happens? worst thing that can happen is the Ferrari v12 also burns £12k per year but I know which one would make me feel special, Range Rovers are like belly buttons round here, everyone has one !!
Looking at supercar production increases, yes there will be a huge increase but the demand is increasing rapidly as more people have more disposable income, as for the past Ferrari models that were all limited production numbers when compared in todays world I'd say they would be pretty well protected indefinitely in terms of value.
Its all to easy spending £70k on a brand new top notch saloon that will burn £1k a month minimum so why not go for a used Ferrari V12 and see what happens? worst thing that can happen is the Ferrari v12 also burns £12k per year but I know which one would make me feel special, Range Rovers are like belly buttons round here, everyone has one !!
Looking at supercar production increases, yes there will be a huge increase but the demand is increasing rapidly as more people have more disposable income, as for the past Ferrari models that were all limited production numbers when compared in todays world I'd say they would be pretty well protected indefinitely in terms of value.
I just bought the blue 612 at Kent Ferrari, picked it up yesterday, absolutely brilliant :-)
http://www.theferraricentre.com/used-cars/6027146-...
I would say just do it.....
http://www.theferraricentre.com/used-cars/6027146-...
I would say just do it.....
Ian Roberts 86 said:
I just bought the blue 612 at Kent Ferrari, picked it up yesterday, absolutely brilliant :-)
http://www.theferraricentre.com/used-cars/6027146-...
I would say just do it.....
Congratulations, lovely looking car. Same spec as mine, although mine is 2006. Mine is coming onto the market next week so I guess I've missed out on a potential purchaser! http://www.theferraricentre.com/used-cars/6027146-...
I would say just do it.....
You will love it though, so much presence, power and finesse. Effortless cruising. Just the sort of car Enzo Ferrari used to drive as his personal transport. V12 ferraris really are very special.
andyleeds said:
i was considering one instead of my 456 but how long are they as i dont think that it would even fit in my garage! ;-)
It crossed my mind about 4 years ago. I went and saw one at the Ferrari Centre, and the inside is much improved and more spacious in the 612, but boy is it big and bulbous!Had my 456GT out this weekend, and I know I made the right decision to keep it.
Nice! Good to see some fellow 612 owners out there. Back to the original question though, I don't get many opportunities to take the 612 out but when I do I'm always amazed at the response it gets. The 'Top Trump' trend in supercar design has become so dominating in this age of celebrity motor journalists and shouty YouTubers that reading PH you'd think that the 612 will be the forgotten Ferrari. However take one out into the streets and everyone loves it. Big throaty V12 wrapped in a sleek gentleman's GT body, it's the Ferrari that doesn't shout out it's arrival but certainly tilts the room towards it. I don't think it's ever going to fetch silly money (I'd love to be wrong) but I think with the limited numbers that there are about, and it's timeless GT 2+2 design, it's going to hold it's value from here on out, if not continue the gentle appreciation seen over the last couple years. It's now starting to appear in a number of 'cars to watch' lists so I'm in no hurry to move mine on. What I really need is a month off to do a 'Grand European Tour' in it, with wife comfortable in the passenger seat while the V12 hauls us with the force of gravity over a few mountain passes and back.
EDIT: Added a picture that I think illustrates my point.
EDIT: Added a picture that I think illustrates my point.
Edited by anonymous-user on Thursday 30th March 14:58
Hi All, I need to make contact with a 612 owner who would be prepared to take part in a magazine feature, comparing driving experiences versus another equivalent car. The location would be near the A1 in the East Midlands. This is not a speed test and the cars would only drive at moderate(legal) speeds and not on a race track.
If anyone is interested, please leave a message on this thread, and I will get back to you with more details.
Regards,
LWG 95
If anyone is interested, please leave a message on this thread, and I will get back to you with more details.
Regards,
LWG 95
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