Ferrari 599 prices in the future
Discussion
I have no experience whatsoever of studying long term supercar prices, but I am really taken with the dream of getting one of these in a few years. With the leggy ones well under £100k, and the possibility of f12s trickling onto the secondhand market, where should I expect a pretty decent later one of these (say 09/10 HGTE sub 15k miles) to be in 4-5 years' time? Clearly the real minters will start appreciating at some point, but should I be looking at change out of £75k for something nice? Thanks in advance....
fistofsteel said:
where should I expect a pretty decent later one of these (say 09/10 HGTE sub 15k miles) to be in 4-5 years' time? Clearly the real minters will start appreciating at some point, but should I be looking at change out of £75k for something nice? Thanks in advance....
I looked into my crystal ball and it clearly says a 599 with HGTE pack will be £69,950 at 17K miles in 2018.You can already get a good 08 car with sub 20k miles (so not a 'leggy' one), good colour and spec for just over 90k. Depending on how quickly they want to move the car and what you are offering in px you could probably get it for less than that too.
Five years is a long time and 599's are at the bottom of their depreciation curve, considering what a FF/F12 would be available for by then, I think you will be able to get a good clean example for between 60k-75k depending on a number of factors.
I wouldn't say that a 7 year old Ferrari having done 15k miles would be a plus either, at least not to me. I would rather look at a car that has been driven, and serviced well and on time. By going for a car with really low miles you will just pay an inflated price, if you then intend to drive it you won't get that premium back so I'm not sure super low miles are a bonus.
Also, I'm far from an expert but I would be very very surprised if any 599 had started to appreciate in any meaningful way in 5 years- there are surely too many of them for that to happen?
Five years is a long time and 599's are at the bottom of their depreciation curve, considering what a FF/F12 would be available for by then, I think you will be able to get a good clean example for between 60k-75k depending on a number of factors.
I wouldn't say that a 7 year old Ferrari having done 15k miles would be a plus either, at least not to me. I would rather look at a car that has been driven, and serviced well and on time. By going for a car with really low miles you will just pay an inflated price, if you then intend to drive it you won't get that premium back so I'm not sure super low miles are a bonus.
Also, I'm far from an expert but I would be very very surprised if any 599 had started to appreciate in any meaningful way in 5 years- there are surely too many of them for that to happen?
I doubt you would get change out of £75k. In fact you're more likely to be over £100k. Good 575s are only just below the 599 currently. Add on five years worth of inflation and I suspect that 599s won't go lower than they are now.
Doesn't necessarily make them a bargain because you will still have running costs and maintenance costs which might be very high.
F12 will be £300k with options so a £100k 599 will still make sense for quite a while yet IMO
Doesn't necessarily make them a bargain because you will still have running costs and maintenance costs which might be very high.
F12 will be £300k with options so a £100k 599 will still make sense for quite a while yet IMO
Rocco1 said:
giggle said:
I looked into my crystal ball and it clearly says a 599 with HGTE pack will be £69,950 at 17K miles in 2018.
If you dont mind please can you have a look into your crystal ball and see what the euro millions lotto numbers are?Tonights winning numbers are...
5 7 17 33 50 3* 9*
Rocco1 said:
giggle said:
I looked into my crystal ball and it clearly says a 599 with HGTE pack will be £69,950 at 17K miles in 2018.
If you dont mind please can you have a look into your crystal ball and see what the euro millions lotto numbers are?LukeyLikey said:
I doubt you would get change out of £75k. In fact you're more likely to be over £100k. Good 575s are only just below the 599 currently. Add on five years worth of inflation and I suspect that 599s won't go lower than they are now.
Doesn't necessarily make them a bargain because you will still have running costs and maintenance costs which might be very high.
F12 will be £300k with options so a £100k 599 will still make sense for quite a while yet IMO
I don't think 575s (or 550s for that matter) come into play in the medium and long term with 599 prices. There will always be many more 599s than 550s/575s. In 7 years say, the 599 will will just be another massively overpowered for the road Ferrari V12, except now with an F12 and the F12's replacement also in the market above it. Whereas 575s/550s will always be the last manual (at least as an option) V12 GTs where there weren't stupid amounts of electronics to a) flatter you're driving and b) go expensively wrong. Doesn't necessarily make them a bargain because you will still have running costs and maintenance costs which might be very high.
F12 will be £300k with options so a £100k 599 will still make sense for quite a while yet IMO
As the cars get older, their numbers become fewer, people buy them for reasons other than being shiny new, objectively better, more powerful etc etc. they buy them because they are more desirable. I think in the med to long term the 599 will suffer from this as while it's a fab car, it's not really special particularly in any way.
For me there seems to have been a watershed in about 2000 or so. I just don't believe any Ferraris built after that date that aren't low volume and special like Enzos etc will ever really truly be considered classic in the long run. I may have the rose tints on but in 15 years time when the Ferrari V12s have 1000bhp hybrid-kers-regeneration-neutron-power I can't see anyone posting on here about how they spent say £70k on a 599 as opposed to £75k on an F12 as the 599 "was a more old school and properly rewarding drive" and was thus a better buy. Whereas with say a 550 vs a 599 in 15 years for similar price, I *can* see people still going for the 550.
Mario149 said:
jtremlett said:
don't have final numbers for 599 sales as yet but I believe more 550s sold new in the UK than 599s and that's before you throw 575s into the mix.
Jonathan
Interesting potentially! Someone on Club Scud mist have the figures floating around!Jonathan
jtremlett said:
Mario149 said:
...There will always be many more 599s than 550s/575s...
I don't have final numbers for 599 sales as yet but I believe more 550s sold new in the UK than 599s and that's before you throw 575s into the mix.Jonathan
Given some of the views regarding future values in 5 Years I think I might just hang on to mine
I personally can't see them dropping much more than they have already. Regardless of what anyone's personal view on them is (whether that be brilliant or "too technical" is irrelevant when it comes to values). The simple way to look at it is the same way to look at all other Ferrari numbers. 430s are being propped up by 360s. The 430 WILL NOT come down below a 360, yes of course some high mileage or leggy cars will but overall they won't. The 599 is exactly the same when compared with the 550/575. The prices of late 575s are still quite high and I can't see any particular reason for it to drop, so it's unlikely that the 599 prices will drop anytime soon.
As for the car it's fabulous! I used to have a 430 before I bought my 599 and I can hand on my heart say I much prefer the 599. Just as an overall car, it feels better. I've never tracked it (nor the 430) so can't comment on that but as a daily driver road car it’s brilliant! I have a Superleggera that I was using as daily driver but since buying the 599 it has been more of a weekend toy. The 599 is far more comfortable and usable without any major penalty to performance. Oh god I'm getting old...
I actually think at the moment they are a very good buy. Ok yes like all V12 Ferraris they won't be cheap to run but taking depreciation & running costs into account I can honestly say I think a 599 will cost less over say the next 3 years than an equivalently priced new 911. Yes the 911 will only need serviced once every 20 years or 500K miles, but it will depreciate more than the 599. So looking at the bigger picture I think the 599 is fairly "good value" at the moment!
As for the car it's fabulous! I used to have a 430 before I bought my 599 and I can hand on my heart say I much prefer the 599. Just as an overall car, it feels better. I've never tracked it (nor the 430) so can't comment on that but as a daily driver road car it’s brilliant! I have a Superleggera that I was using as daily driver but since buying the 599 it has been more of a weekend toy. The 599 is far more comfortable and usable without any major penalty to performance. Oh god I'm getting old...
I actually think at the moment they are a very good buy. Ok yes like all V12 Ferraris they won't be cheap to run but taking depreciation & running costs into account I can honestly say I think a 599 will cost less over say the next 3 years than an equivalently priced new 911. Yes the 911 will only need serviced once every 20 years or 500K miles, but it will depreciate more than the 599. So looking at the bigger picture I think the 599 is fairly "good value" at the moment!
Mario149 said:
Interesting potentially! Someone on Club Scud mist have the figures floating around!
Interesting fact for the evening: they made more Enzos that RHD 550s!http://www.ferrarilife.com/forums/ferrari-discussi...
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