The £100K 458...

Author
Discussion

eyebeebe

2,980 posts

233 months

Tuesday 18th November 2014
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Slickhillsy said:
Hmmmm... Not quite! Add the import (to UK from CH) and then you'll be back up near the 100K mark. Still cheap though and good to see the higher mileage proving these things are getting more 'useable'...
Hence why I said not relevant to most people, but some of us live in CH. beer
To be honest the next cheapest ones are on the face of it better value (CHF 20-30k more), with much lower mileage and peace of mind on residuals and maintenance bills.

Edited by eyebeebe on Tuesday 18th November 20:25

Slickhillsy

1,772 posts

143 months

Tuesday 18th November 2014
quotequote all
eyebeebe said:
Slickhillsy said:
Hmmmm... Not quite! Add the import (to UK from CH) and then you'll be back up near the 100K mark. Still cheap though and good to see the higher mileage proving these things are getting more 'useable'...
Hence why I said not relevant to most people, but some of us live in CH. beer
To be honest the next cheapest ones are on the face of it better value (CHF 20-30k more), with much lower mileage and peace of mind on residuals and maintenance bills.

Edited by eyebeebe on Tuesday 18th November 20:25
Ahhhh I'd rather pay the Tax then! smile Done the Swiss thing, loved the country but to be honest the place is wasted on the miserable people - but that's a whole other convo...
Fezza's do seem to be a bit cheaper in CH right now as there are a few nice looking CS's well priced.

AmoCS

1,150 posts

219 months

Wednesday 19th November 2014
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sone

4,587 posts

238 months

Wednesday 19th November 2014
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AmoCS said:
Marmite colour , left hooker, doesn't look that cheap really!

TISPKJ

3,648 posts

207 months

Wednesday 19th November 2014
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After looking at this earlier today I had a browse around mobile.de cheapest is about £105k
Yellow car seems if true low miles.

PHOENIXUK

2,198 posts

201 months

Thursday 20th November 2014
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So we can conclude that higher miles left hand drive 458's are available at circa £100K, if you check out F430 and 360 and most any other model of car, you will see that similar are there to be had for far less than their right hand drive 'normal miles' relatives..

Is this really news or what the original poster was about...?

sleep Wake me up when the first non damaged repairable RHD £100K 'normal Ferrari miles' 458 car for sale advert comes on to the market, still 2 years away, if ever in my book...wobble

theplumber

284 posts

146 months

Thursday 8th January 2015
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So what are peoples current thoughts, does anyone think we will ever see a good spec non cat D RHD 458 sub 100k?. I am thinking that judging on strong 430 & 360 values it will probably never happen.

As the 458 is the last of the NA cars is it feasible that values may stick or even rise a little? I am of the view that once the replacement arrives and it gets high praise from the press that values will start to move downwards.

It is likely that the 458 replacement will see a rise in new list price against the current car. Why not, people seem happy to pay it!

GRBF430F1

4,843 posts

170 months

Thursday 8th January 2015
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theplumber said:
So what are peoples current thoughts, does anyone think we will ever see a good spec non cat D RHD 458 sub 100k?. I am thinking that judging on strong 430 & 360 values it will probably never happen.

As the 458 is the last of the NA cars is it feasible that values may stick or even rise a little? I am of the view that once the replacement arrives and it gets high praise from the press that values will start to move downwards.

It is likely that the 458 replacement will see a rise in new list price against the current car. Why not, people seem happy to pay it!
Cant see them dropping below £100k for the foreseeable future whilst 360 and F430 prices are so strong.
Being the last of the N/a V8 has got to be good news.

For me I think the 458T is going to be a little disappointing if anything. Yes it will be better of course but its an evolution of 458 and not really a whole new model, the biggest change being a turbocharged engine which has been forced on Ferrari by regulations more than anything.

Its a new Ferrari so it will sell and people will always want the latest and greatest but there are 2 distinct markets here. The new car buyer and the used car buyer with 1 car being twice the price of the other.
As long as Ferrari doesn't over produced the new 458T and forcing the market I think 458 prices will remain strong but lets not forget they will be losing customers to McLaren for sure so still may have over production.

Its all supply and demand at the end of the day. More people will want and be able to buy a £100k Ferrari with finance so I think a used 458 or 12C is a relatively safe purchase ( Probably less so than a new top of the range Audi or BMW )

Slickhillsy

1,772 posts

143 months

Thursday 8th January 2015
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GRBF430F1 said:
Yes it will be better of course but its an evolution of 458 and not really a whole new model,
All V8's are to one degree or another an evolution of the previous model - DNA runs through them all...

Mario149

7,754 posts

178 months

Thursday 8th January 2015
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Slickhillsy said:
GRBF430F1 said:
Yes it will be better of course but its an evolution of 458 and not really a whole new model,
All V8's are to one degree or another an evolution of the previous model - DNA runs through them all...
Turbos are a pretty big step change though. As GBRF430F1 said, the car will no doubt be better objectively, but the concept of a turbo 458 does not appeal to me. That said, if they can still make it a 9k screamer, remove all turbo lag and make it sound as good as a NA (albeit it with much lower capacity) lump and drive like one, I guess I can't complain. It's just a shame that they've had to go down this route due to daft legislation. They're probably having to go to massive effort to try and make a new engine feel like a NA engine they already had frown

Incidentally, I feel the same way about Porsche going all turbo for its Cayster and 911 cars.


UH-Matt

2,172 posts

240 months

Thursday 8th January 2015
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Europe seems to be dropping prices while the UK market remains so strong.

There are plenty of sub £100k 458's now in the EU (LHD) while UK prices feel just as strong as 12 months ago. Less love in the EU for the car than here?!

Slickhillsy

1,772 posts

143 months

Thursday 8th January 2015
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UH-Matt said:
Europe seems to be dropping prices while the UK market remains so strong.

There are plenty of sub £100k 458's now in the EU (LHD) while UK prices feel just as strong as 12 months ago. Less love in the EU for the car than here?!
More to do with the euro being on its knees, more quantative easing round the corner and the (comparative) strength of Stirling...


f1ten

2,161 posts

153 months

Friday 9th January 2015
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M- cant disagree. its a sad time to see everything go to turbos. Merc's new c63 is in fact a 4L turbo. how confusing is that?!
I plan on getting my fill of some big capacity engines before the finite black stuff dries up or legislation kills it. Anyone for a LHD Murcie?!

as to the question of 458's well as you all know Monte is now no longer running Ferrari and they are planning on floating quite a lot of shares... I hate to say it but I think capacity will be increased, which will tarnish the brand and hit the new standard cars with more depreciation. But like a few people here, I agree 458s will remain over £100k for a considerable time, eg. over 3 yrs is my prediction. Therefore buy an early car and depreciation should be fine. I do also think the McLaren 12c will have a part to play on values as well given that there are 26 for sale on here... Not sure how many UK cars there were but rumours were a total of 1800 coupes and 2000 spiders made. As much as Im not really a McLaren fan, if an early car was 10%-15% cheaper than a 458 then I would consider one.

Mario149 said:
Turbos are a pretty big step change though. As GBRF430F1 said, the car will no doubt be better objectively, but the concept of a turbo 458 does not appeal to me. That said, if they can still make it a 9k screamer, remove all turbo lag and make it sound as good as a NA (albeit it with much lower capacity) lump and drive like one, I guess I can't complain. It's just a shame that they've had to go down this route due to daft legislation. They're probably having to go to massive effort to try and make a new engine feel like a NA engine they already had frown

Incidentally, I feel the same way about Porsche going all turbo for its Cayster and 911 cars.

SlartiF430

1,828 posts

154 months

Friday 9th January 2015
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Slickhillsy said:
More to do with the euro being on its knees, more quantative easing round the corner and the (comparative) strength of Stirling...
Is it also because we don't get tax'd crazy amounts in the UK for supercar ownership?

z4RRSchris99

11,278 posts

179 months

Friday 9th January 2015
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Ferrari prices follow the availbility of credit markets. At the moment money is cheap.

bang 4% interest and an economy on its knees and you will see your 100k 458, your 50k 430 and your 35k 360

give it 18 months.


theplumber

284 posts

146 months

Friday 9th January 2015
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z4RRSchris99 said:
Ferrari prices follow the availbility of credit markets. At the moment money is cheap.

bang 4% interest and an economy on its knees and you will see your 100k 458, your 50k 430 and your 35k 360

give it 18 months.
I agree with this... Although I just can't see higher interest rates any time soon...

Slickhillsy

1,772 posts

143 months

Friday 9th January 2015
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theplumber said:
z4RRSchris99 said:
Ferrari prices follow the availbility of credit markets. At the moment money is cheap.

bang 4% interest and an economy on its knees and you will see your 100k 458, your 50k 430 and your 35k 360

give it 18 months.
I agree with this... Although I just can't see higher interest rates any time soon...
This is not even half the truth... If the whole market financed their cars then us you'd see price swings in line with interest rates. A significant number of people self fund so the credit market has little relevance...


z4RRSchris99

11,278 posts

179 months

Friday 9th January 2015
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it's not about credit to buy the cars.

in the last downturn a gallardo was £40k, they are now £60k?

f1ten

2,161 posts

153 months

Friday 9th January 2015
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correct its only cars under 3 yrs old that are financed. none of my friends nor me have financed the old toys I run about in. therefore its all about rarity of product not interest rates.

z4RRSchris99

11,278 posts

179 months

Friday 9th January 2015
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it's about indivudal finances, in the downturn when jobs are being lost, bonus's not paid, businesses failing. the first thing to go is cars.

the classic bubble will burst for different reasons, currently they are a tax free investment class and following a path with property, wine, art etc