Discussion
Having decided not to buy anything this year and wait until the arrival of 2 new bits of metal I have on order for next year...............
Had a look at one today in proper detail. I swore I was just going down for a chat but have been offered a drive and have started thinking about it a bit more seriously.
I did consider one ages ago but for one reason or another it didn't work out. They have dropped a hell of a lot of money since then too (£100k+).
Question is, I have an f12 on order which I think will be amazing. Do you think the GTO still has a way to go price wise, especially in light of the impending arrival of the F12? I would sell the LP640 to fund the GTO, whereas I had planned to keep the LP640 when the F12 arrives. I'm not sure I would have an F12 and a GTO - Too similar?
Had a look at one today in proper detail. I swore I was just going down for a chat but have been offered a drive and have started thinking about it a bit more seriously.
I did consider one ages ago but for one reason or another it didn't work out. They have dropped a hell of a lot of money since then too (£100k+).
Question is, I have an f12 on order which I think will be amazing. Do you think the GTO still has a way to go price wise, especially in light of the impending arrival of the F12? I would sell the LP640 to fund the GTO, whereas I had planned to keep the LP640 when the F12 arrives. I'm not sure I would have an F12 and a GTO - Too similar?
Edited by Lambo FirstBlood on Saturday 16th June 20:09
andy74b said:
F12 is "just" a standard Ferrari. In years to come it will be 50k. In the same way I decided to keep by 16m and cancel the 458 spider. No way in 5 or so years time that the 458 is worth 100k over a 16m.
GTO will outperform in every way although I think they may still slip a bit from current levels.
Thanks Andy. I think you're right, in years to come, irregardless of how good the f12 is, it will keep depreciating as newer models come in, but I guess my point is about where the sweet spot is on the residual curve for a GTO purchase. I believe that long term, they will be a fairly solid buy, but in the short term, the biggest potential threat to residuals is just how good the F12 is; which as yet is an unknown.GTO will outperform in every way although I think they may still slip a bit from current levels.
AndrewD said:
Drive one and see. I think they're epic, and whilst the F12 will be the new latest and greatest, the GTO is a bit special IMO. Get it warmed up and pile into a slow corner, grab a couple of downshifts, hear the whipcrack from the exhaust, and then the wail as you accelerate out of the bend, easy safe slides on demand, zero understeer, just great. But we're all different, so see how you feel behind the wheel.
I assume you mean they've dropped 100k from the premiums people were asking, I've not seen a GTO in the mid 200's. Asking prices seem to be low to mid 300's still. There was a lovely-looking Rosso Fuoco one up for 375 which seems a lot but that's not in the classifieds any more and the others seem cheaper.
No regrets at all with mine, I love it, and don't think I will ever sell it. An F12 will be great but it is a cooking model and will come and go IMO.
Thanks Andrew. I will take the opportunity to drive it. I know you've raved about yours and shared here that you feel it's a keeper.I assume you mean they've dropped 100k from the premiums people were asking, I've not seen a GTO in the mid 200's. Asking prices seem to be low to mid 300's still. There was a lovely-looking Rosso Fuoco one up for 375 which seems a lot but that's not in the classifieds any more and the others seem cheaper.
No regrets at all with mine, I love it, and don't think I will ever sell it. An F12 will be great but it is a cooking model and will come and go IMO.
When I say £100K, I mean the very fist car I was offered was £400K. The one I'm looking at is around £300K. I do know of one that was sold privately where the guy needed the money quickly for £275K. As I said in previous post, It's hard to imagine 18 months from now when there are a dozen used F12's on the market, that the GTO will be changing hands for the same money as them.
I'm attempting to get the sensible bit out of the way first ,where as I might drive it, discover it's not my cup of tea me, in which case it's moot, or fall in love with it and start using some PH logic to justify the purchase. (I will tell my wife that Nick Mason got a 100,000% return on his GTO in 40 years
)RevHappy said:
If you get an early F12 you can try it and sell it without a hit and get the GTO which will have dropped a bit as some will always want the newest without the wait.
That is in my mind. I've got an early F12 build slot. I reckon I could do 9-12 months and 3000-4000 miles in the F12 and then probably do a straight swap for a GTO. I know this is high class problem. I've got to get the drive in to make things clearer in my mind. I'm also getting a proper look at the F12 at FOS so that might help too. BelfastBoy said:
Could the fear be though that Ferrari, ever mindful of coming up with new ways to fleece their customers, start using the GTO badge more often? So, while I agree with your basic point, I also wouldn't be at all surprised if there's an F12 GTO in future at some point. I hope not, but who's to say it won't happen?
That's a good point, I hadn't thought of that. Ferrari have already stretched the use of the GTO name to include a road version of something being used in the XX program. I presume that the 599XX will be replaced with some sort of F12XX. If they do make a road going version, the GTO label is a likely one.I also appreciate you could hypothesise for ever and without a crystal ball, we'll never know.
Small update.
I had a very thorough look round the F12 in the Ferrari hospitality tent at Goodwood and I have a GTO test drive booked for Tuesday (Weather permitting). First up sitting in them both, they feel completely different ( I knew they would but the contrast is even greater than I had thought). I had an FF on loan and a lot of the interior carries over into the the F12 so it feels like a proper GT car. Under the bonnet, I've never seen a front engined car with the block so far back, it really is in the middle of the car. I like the design a lot, way more than the 599 GTB and IMO you can see the bloodline of 550/575 much clearer with this car than with the 599. To my eye it is a better looking car and 730bhp is a lot in any one's book. Deposit has been down for a while and as it stands a the moment, I have the 5th car from my dealer.
Sitting in the GTO feels very similar to a 430 Scud: chequer plate floor, cloth interior, 3 point harnesses and I love it. I never clicked with either the looks or the drive of the standard 599 and I think the GTO does a lot to make up for that. It looks mean and from what I've heard, it is.
I can't drive the F12 until September at the earliest but will report back after I've driven the GTO.
I had a very thorough look round the F12 in the Ferrari hospitality tent at Goodwood and I have a GTO test drive booked for Tuesday (Weather permitting). First up sitting in them both, they feel completely different ( I knew they would but the contrast is even greater than I had thought). I had an FF on loan and a lot of the interior carries over into the the F12 so it feels like a proper GT car. Under the bonnet, I've never seen a front engined car with the block so far back, it really is in the middle of the car. I like the design a lot, way more than the 599 GTB and IMO you can see the bloodline of 550/575 much clearer with this car than with the 599. To my eye it is a better looking car and 730bhp is a lot in any one's book. Deposit has been down for a while and as it stands a the moment, I have the 5th car from my dealer.
Sitting in the GTO feels very similar to a 430 Scud: chequer plate floor, cloth interior, 3 point harnesses and I love it. I never clicked with either the looks or the drive of the standard 599 and I think the GTO does a lot to make up for that. It looks mean and from what I've heard, it is.
I can't drive the F12 until September at the earliest but will report back after I've driven the GTO.
Edited by Lambo FirstBlood on Saturday 30th June 10:26
pistolp said:
Its not that simple mate, the next one is always just better. The scud is a better car than the CS, yet I prefer the CS. I don't doubt that the F12 GTO or whatever it ends up being called will be technically better but that won't tell the whole story. Will I actually prefer it? Only time will tell.
If Ferraris are always getting better and better why are the oldest ones the most coveted? It's not just investment value either. The more advanced and technological the cars become, the more some of that magic is lost if you ask me.
I love the 458 but it's not a patch on the F40.
Are we sure there will be a hardcore version of the F12? There historically hans't been on a lot of the v12 models. 550 had the Barchetta which whilst rare and had no roof isn't any different mechanically to the standard car. Same with Superamerica. 599 GTO seems to me to be a bit of an anomaly and why it's so interesting. The normal pattern for front ending v12's is standard car, then some sort of handling pack then a limited edition run out roofless version. Unlike the V8s that always have a hardcore version towards end of the product life cycle.If Ferraris are always getting better and better why are the oldest ones the most coveted? It's not just investment value either. The more advanced and technological the cars become, the more some of that magic is lost if you ask me.
I love the 458 but it's not a patch on the F40.
AndrewD said:
See, that's maybe what you're not fully appreciating. I don't think the 458 was a maasive step from the Scud. In fact I drove both and bought a 16M. It was about the massive smile it put on my face.
LFB, did you drive the GTO then?
No, it rained all day the day I was scheduled to drive it. Trying to find a window in the weather. Worst July I can remember LFB, did you drive the GTO then?
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