Where now for Performante prices?

Where now for Performante prices?

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Discussion

Jules360

1,949 posts

202 months

Friday 19th September 2014
quotequote all
GRBF430F1 said:
notax said:
Cheap? At £160k it's £25k more than the orange one I was interested in!

How have other special editions of Lamborghinis fared price wise in the past? Ferraris seem to appreciate dramatically over time, not so sure that these will follow suit?
Lets just say I got ahead of myself there. It WILL BE cheap is maybe the words I was looking for.

I will let others come along and comment on how mine has faired price wise as they seem to be the experts !

I'm sure if you give them some more humble pie they will advise you
Why don't you buy it then? Make them an offer, it's hung around a while now. You said a while back if another came on the market, you'd snap it up. About the same time you said Strads and Scuds were are "silly prices" and "their boat has sailed". Hmmmmmmmmmmmm


Edited by Jules360 on Friday 19th September 06:05

Alpinestars

13,954 posts

244 months

Friday 19th September 2014
quotequote all
GRBF430F1 said:
Lets just say I got ahead of myself there. It WILL BE cheap is maybe the words I was looking for.

I will let others come along and comment on how mine has faired price wise as they seem to be the experts !

I'm sure if you give them some more humble pie they will advise you
I'd sell mine for £160k, only 2k miles and the cleanest Gaylord seen by Sevenoaks service department - their words, not mine.

GRBF430F1

4,843 posts

170 months

Friday 19th September 2014
quotequote all
Jules360 said:
Why don't you buy it then? Make them an offer, it's hung around a while now. You said a while back if another came on the market, you'd snap it up. About the same time you said Strads and Scuds were are "silly prices" and "their boat has sailed". Hmmmmmmmmmmmm


Edited by Jules360 on Friday 19th September 06:05
Don't want to be greedy ! Quite happy with my current 3 appreciating classics. Glad you think the Scuderia has some way to go as well then

Jules360

1,949 posts

202 months

Friday 19th September 2014
quotequote all
GRBF430F1 said:
Jules360 said:
Why don't you buy it then? Make them an offer, it's hung around a while now. You said a while back if another came on the market, you'd snap it up. About the same time you said Strads and Scuds were are "silly prices" and "their boat has sailed". Hmmmmmmmmmmmm


Edited by Jules360 on Friday 19th September 06:05
Don't want to be greedy ! Quite happy with my current 3 appreciating classics. Glad you think the Scuderia has some way to go as well then
I don't. I'm just surprised that such an expert investor as you got it so wrong back then and has now paid up for a Scud.

notax

Original Poster:

2,091 posts

239 months

Friday 19th September 2014
quotequote all
Enough of the bickering! I was hoping that the buyer of the orange Performante had pulled out as I was in London today and could have popped across to HR Owen. Unfortunately it is the orange LP560 roadster where the buyer has changed his mind and I'm not keen to sink £140k into a fast depreciating car. I did ask the salesman about Performante prices and his view is that they are holding steady rather than rising. He thinks this will continue for the time being with them eventually appreciating as a rare model. I mentioned I might also be interested in a RWD roadster, but although he thinks there may be a couple in the UK he has never seen one...

andrew

9,969 posts

192 months

Friday 19th September 2014
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notax said:
Enough of the bickering! I was hoping that the buyer of the orange Performante had pulled out as I was in London today and could have popped across to HR Owen. Unfortunately it is the orange LP560 roadster where the buyer has changed his mind and I'm not keen to sink £140k into a fast depreciating car. I did ask the salesman about Performante prices and his view is that they are holding steady rather than rising. He thinks this will continue for the time being with them eventually appreciating as a rare model. I mentioned I might also be interested in a RWD roadster, but although he thinks there may be a couple in the UK he has never seen one...
yeah, but what does he know ? gbh is your man when it comes to talking bull biggrin

GRBF430F1

4,843 posts

170 months

Friday 19th September 2014
quotequote all
Jules360 said:
I don't. I'm just surprised that such an expert investor as you got it so wrong back then and has now paid up for a Scud.
Yeah I'm gutted I got it wrong and only made £20,000 so far. Hey ho you live and learn

GRBF430F1

4,843 posts

170 months

Friday 19th September 2014
quotequote all
andrew said:
yeah, but what does he know ? gbh is your man when it comes to talking bull biggrin
Must admit I got away with GBH when I beat up the dealer over price in the first place.
Just can't believe how many humble pie eaters there are out there now I was proven correct. biggrin

UH-Matt

2,172 posts

240 months

Saturday 20th September 2014
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Bickering to one side.

It does seem funny that Ferrari end up with waiting lists etc on their new special models. Whereas Lambo seem to have a lack of interest initially, offer discounts and deals on them, and then once they are a couple of years old they become rare as hens teeth?

I was offered loads of deals a couple of years ago on LP570's and dealers had plenty, now they are rare and more expensive than then! Same for the Balboni and other special editions, nobody seemed to want them initially?

Interesting stuff.

lamboman100

1,445 posts

121 months

Saturday 20th September 2014
quotequote all
UH-Matt said:
It does seem funny that Ferrari end up with waiting lists etc on their new special models. Whereas Lambo seem to have a lack of interest initially, offer discounts and deals on them, and then once they are a couple of years old they become rare as hens teeth?

I was offered loads of deals a couple of years ago on LP570's and dealers had plenty, now they are rare and more expensive than then! Same for the Balboni and other special editions, nobody seemed to want them initially?

Interesting stuff.
Lambo made too many sub-models and special-editions for the G and confused / oversupplied the market. Takes a while for the market to make sense of what is going on and cotton on to how better / different they are. For example, the Gallardo launched an average of 3.2 sub-models per year in its lifecycle, compared with 1.3 per year for the Ferrari F430 and 1.2 for the 360. Hopefully, the Huracan will launch fewer sub-models or special-editions in the future.

andrew

9,969 posts

192 months

Saturday 20th September 2014
quotequote all
UH-Matt said:
Bickering to one side.

It does seem funny that Ferrari end up with waiting lists etc on their new special models. Whereas Lambo seem to have a lack of interest initially, offer discounts and deals on them, and then once they are a couple of years old they become rare as hens teeth?

I was offered loads of deals a couple of years ago on LP570's and dealers had plenty, now they are rare and more expensive than then! Same for the Balboni and other special editions, nobody seemed to want them initially?

Interesting stuff.
part of this is the fact that ferrari produce about six times as many cars as lamborghini
with the limited editions, lamborghini have a habit of skipping numbers whereas ferrari apparently duplicate them
there are also other factors like the relatively tiny differences between say 570 and 560, or balboni and 550/2
this popular notion that because a car doesn't sell when when new ( balboni, any 2wd, manual etc ) it'll suddenly be popular and sought after a year or two later always amuses me

GRBF430F1

4,843 posts

170 months

Saturday 20th September 2014
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I think you will find the difference between a LP570-4 and 560 is significant and completely changes the feel of the car for the better. That coupled with the rarity factor can only be good for residuals and that is what we are seeing now.

The concept is not hugely different to 360 to CS or F430 to 430 Scuderia ie lose weight, gain some horsepower

The scuderia definitely gains on the F1 superfast II gearbox which is just sublime but the 570 gains on rarity.

Anyway both great cars and future classics in their own ways wherever that ends up taking their value to

cc8s

4,209 posts

203 months

Saturday 20th September 2014
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I am reasonably sure that this Spyder at Hopetoun House a few years back was an LP550-2 Spyder. Coincidentally, this plate is up for sale. PM for details smile

cc8s

4,209 posts

203 months

Saturday 20th September 2014
quotequote all
GRBF430F1 said:
Yeah I'm gutted I got it wrong and only made £20,000 so far. Hey ho you live and learn
Until you sell it and have cash in hand/bank, you have made nothing. The market could tank tomorrow and it would be worth nothing. I am surprised to see you claiming this so regularly when you claim to understand markets so well. I have no doubt that you will make money on the car but your statements are often deliberately misleading.

notax

Original Poster:

2,091 posts

239 months

Saturday 20th September 2014
quotequote all
cc8s said:
I am reasonably sure that this Spyder at Hopetoun House a few years back was an LP550-2 Spyder. Coincidentally, this plate is up for sale. PM for details smile
Well, I'm certainly interested in that car if it ever comes on the market if it is 2wd smile Not sure which way I'm going to turn car wise now. Today test drove an SLS roadster which was very impressive (with potential to appreciate too) and also spent some time picking my local Ferrari dealer's brains for ideas. May spend a lot more than I intended and buy something very interesting...

The price rises he quoted of various Ferraris over the last year are incredible, would I be buying at the top of a bubble? I doubt it, but you never know!

lamboman100

1,445 posts

121 months

Saturday 20th September 2014
quotequote all
notax said:
cc8s said:
I am reasonably sure that this Spyder at Hopetoun House a few years back was an LP550-2 Spyder. Coincidentally, this plate is up for sale. PM for details smile
Well, I'm certainly interested in that car if it ever comes on the market if it is 2wd smile Not sure which way I'm going to turn car wise now. Today test drove an SLS roadster which was very impressive (with potential to appreciate too) and also spent some time picking my local Ferrari dealer's brains for ideas. May spend a lot more than I intended and buy something very interesting...

The price rises he quoted of various Ferraris over the last year are incredible, would I be buying at the top of a bubble? I doubt it, but you never know!
The Ferrari rises are generally slowing now. The dealer stories of models gaining £5/10/20/50k a month were relatively commonplace back in H1 2014, but are getting much rarer in H2 2014 (even accounting for any Summer holiday factors).

famoussas

641 posts

183 months

Sunday 21st September 2014
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The Performante is a great car and not even comparable to a Vantage (not that you were comparing). Find one at a price you're comfortable at and enjoy... colours etc are irrelevant as you can just get it wrapped.

notax

Original Poster:

2,091 posts

239 months

Monday 22nd September 2014
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Well, I've decided to postpone Lambo ownership - and instead opted for an SLS roadster. I thought it was awesome on the test drive and there are very few of them around (only 75 in the UK apparently) so hopefully a good bet depreciation wise too. Time will tell, but I'll have fun in the meantime biggrin