Ferrari 458 Speciale Market (from 10 to 25)
Discussion
Hi,
I’ve been watching the Speciale market a lot over the last 4 years, as I continue to try and put myself in a position to buy one.
One thing I have noticed is that the Speciale is one of very few cars that has not had a correction since the pandemic market hype and activity… however there are now twice as many cars on the market.
- Pre-pandemic: circa 10 cars up for sale… £280k on average
- ?Pandemic: same amount, 10… but looking for £350k
- ?Now: 25+ Speciale’s up… and the price is still £350k
One obvious answer is that the car will always continue to appreciate as it is becoming more and more desirable as a collectors car, hence it hasn’t dropped in value after the pandemic hype, but surprised to see that there is now more than twice as many on the market.
I’ve been looking at the car below on CC, and based on early bids, it is likely to go above £300k and on passed my budget.
I know the price ‘right’ price is always what someone is willing to pay for a car… however what are other people’s thoughts in terms of what the ‘right’ prices is for this car, in terms of it being good value?
https://collectingcars.com/for-sale/2014-ferrari-4...
I’ve been watching the Speciale market a lot over the last 4 years, as I continue to try and put myself in a position to buy one.
One thing I have noticed is that the Speciale is one of very few cars that has not had a correction since the pandemic market hype and activity… however there are now twice as many cars on the market.
- Pre-pandemic: circa 10 cars up for sale… £280k on average
- ?Pandemic: same amount, 10… but looking for £350k
- ?Now: 25+ Speciale’s up… and the price is still £350k
One obvious answer is that the car will always continue to appreciate as it is becoming more and more desirable as a collectors car, hence it hasn’t dropped in value after the pandemic hype, but surprised to see that there is now more than twice as many on the market.
I’ve been looking at the car below on CC, and based on early bids, it is likely to go above £300k and on passed my budget.
I know the price ‘right’ price is always what someone is willing to pay for a car… however what are other people’s thoughts in terms of what the ‘right’ prices is for this car, in terms of it being good value?
https://collectingcars.com/for-sale/2014-ferrari-4...
Thank you both.
Yes, I agree. The predicament I am is that my budget is £300k at a stretch, so I need to decide and weigh up, if I need to take the risk and buy on something like CC in order to ever have a chance of owning one, OR will the Speciale market soften.
I understand they will most likely just continue to appreciate, but as pointed out there are so many for sale. It’s not like they are a Carrera GT, etc… so should I wait to see if they come down, or risk never owning one :-)
Fun fact: a relation of mine is looking for a Huracan EVO (coupe)… there are 3 x times more Speciale’s for sale on Pistonheads compared Huracan EVOs… 25 vs 8… which again niggles at me a little and is somewhat telling me to be patient.
Yes, I agree. The predicament I am is that my budget is £300k at a stretch, so I need to decide and weigh up, if I need to take the risk and buy on something like CC in order to ever have a chance of owning one, OR will the Speciale market soften.
I understand they will most likely just continue to appreciate, but as pointed out there are so many for sale. It’s not like they are a Carrera GT, etc… so should I wait to see if they come down, or risk never owning one :-)
Fun fact: a relation of mine is looking for a Huracan EVO (coupe)… there are 3 x times more Speciale’s for sale on Pistonheads compared Huracan EVOs… 25 vs 8… which again niggles at me a little and is somewhat telling me to be patient.
Edited by PaulCar1 on Saturday 10th February 00:51
Thank you Maura, Willy, and Phil.
Wise words Maura, and agree with all that you said.
The car on CC is my absolute ideal spec... literally if I could order one from new, that's what I would go for (exterior and interior)... plus it has the right amount of miles for me. I plan on driving the car a lot, so I don't want to overpay for a low 2,000 mileage car, that will be a medium mileage car after I own it for 12 months.
Phil, I love the 430 Scuderia, and it is also on the list... but the Speciale is just a car I've obsessed over, ever since it came out. I think the 458 itself is one of the best designed (aesthetically) Ferrari's.
Lastly, make a guess... what will it go for? :-)
Recent CC Speciale Cars:
- Jan 2024: 2015 | White | 6,700 miles: £287k
- Oct 2023: 2014 | White | 8,200 miles: £287k
... and going back to 2020: 3 x Speciale's sold for on average £220k each
I'm guessing £292k... and at that I won't be bidding, as would rather take a look at several cars from main dealers, and make an offer.
Wise words Maura, and agree with all that you said.
The car on CC is my absolute ideal spec... literally if I could order one from new, that's what I would go for (exterior and interior)... plus it has the right amount of miles for me. I plan on driving the car a lot, so I don't want to overpay for a low 2,000 mileage car, that will be a medium mileage car after I own it for 12 months.
Phil, I love the 430 Scuderia, and it is also on the list... but the Speciale is just a car I've obsessed over, ever since it came out. I think the 458 itself is one of the best designed (aesthetically) Ferrari's.
Lastly, make a guess... what will it go for? :-)
Recent CC Speciale Cars:
- Jan 2024: 2015 | White | 6,700 miles: £287k
- Oct 2023: 2014 | White | 8,200 miles: £287k
... and going back to 2020: 3 x Speciale's sold for on average £220k each
I'm guessing £292k... and at that I won't be bidding, as would rather take a look at several cars from main dealers, and make an offer.
Thanks all.
I made two enquires about 2 cars yesterday that have been advertised for some time, both between £350k and £360k.
I explained my view on the market and that I believed the market was overpriced… long story short… I said my budget was £300k and that I was waiting for the market to hopefully come back down… I had a call back in 2 hours saying the owner of the £360k car would be open to £310k… thanks Maura for the nudge on this.
When I now compare this to the CC car… the CC car is looking very expensive, as it is at £285k (inc CC fees) already, with:
- No PPF
- No lift
- Missed service
- Discrepancy on the log book / owner
- The same car was advertised with Philip Ireland for a year, and was removed 2 months ago, and is now on CC
Can someone provide some insight into this, as I am relatively new to CC… what is a general reason for advertising a car at £350k for a year, taking it down, and then advertising it on CC… would it not be better to drop the price to £325k and walk away with £320k instead of risking a sale on CC? I genuinely don’t want to speak negative towards the car or owner, as I’m sure it’s fine, but the buyer owns all the risk on CC, and I feel something is not adding up, and it seems other bidders are struggling to get information from the buyer. If someone buys a Speciale, surely they know their car inside out and don’t have to go off and check if their own Speciale has PPF or not?
All of the above, make the car and risk far too expensive now…
I made two enquires about 2 cars yesterday that have been advertised for some time, both between £350k and £360k.
I explained my view on the market and that I believed the market was overpriced… long story short… I said my budget was £300k and that I was waiting for the market to hopefully come back down… I had a call back in 2 hours saying the owner of the £360k car would be open to £310k… thanks Maura for the nudge on this.
When I now compare this to the CC car… the CC car is looking very expensive, as it is at £285k (inc CC fees) already, with:
- No PPF
- No lift
- Missed service
- Discrepancy on the log book / owner
- The same car was advertised with Philip Ireland for a year, and was removed 2 months ago, and is now on CC
Can someone provide some insight into this, as I am relatively new to CC… what is a general reason for advertising a car at £350k for a year, taking it down, and then advertising it on CC… would it not be better to drop the price to £325k and walk away with £320k instead of risking a sale on CC? I genuinely don’t want to speak negative towards the car or owner, as I’m sure it’s fine, but the buyer owns all the risk on CC, and I feel something is not adding up, and it seems other bidders are struggling to get information from the buyer. If someone buys a Speciale, surely they know their car inside out and don’t have to go off and check if their own Speciale has PPF or not?
All of the above, make the car and risk far too expensive now…
The car went for £326,000 (£319,000 + Fees).
2 people went hard at it over £300,000... interesting to see... is this where the market is, or did 2 people just really want that spec? :-)
If the new owner is reading... I wish you the very best of luck with the car... absolute stunning spec, congratulations.
2 people went hard at it over £300,000... interesting to see... is this where the market is, or did 2 people just really want that spec? :-)
If the new owner is reading... I wish you the very best of luck with the car... absolute stunning spec, congratulations.
Edited by PaulCar1 on Sunday 18th February 19:20
Edited by PaulCar1 on Sunday 18th February 19:25
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