Lease or Buy for an F430
Lease or Buy for an F430
Author
Discussion

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
I wouldn't ask this now about other cars as I've learnt with the Aston i would have been better off leasing it instead of buying it. But i wonder if this is different with an F430, it looks like you will pay £1700 + vat for a min 24 months(£47940). Now this doesn't include any servicing, its pretty much your car i take it and have to maintain it to your own cost?

I dont think owning one and servicing it for 2 years would be anywhere near this much. Does anyone have any experience of doing this with a Ferrari?

maxf

8,441 posts

266 months

Monday 4th December 2006
quotequote all
I looked into leasing with slightly less exotic cars - the mileage allowances were pretty high so I assume the F430 would be the same and the high price would reflect an assumed 25,000 miles or so and a big chunk of depreciation?

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
just join P1 or similar m8

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
Yeah there is always that but you can not track them(not that i would a lot with a 430) and i like to get to know a car. Keep jumping from car to car and you never really appreciate how good or bad it is. Oh its 10k miles each year.

Edited by bund on Monday 4th December 09:44

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
personally, i'd buy a dedicated track car and join P1 - quids in

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
Yeah thats also a good idea. Im getting rid of my 968cs and was going to get the new GT3 but also harbouring thoughts of getting a 996rs instead but i still dont have a garage so im limited to what i can put on my drive. The F430 is something id really think about when a garage comes up confused

ade355

337 posts

265 months

Monday 4th December 2006
quotequote all
bund said:
I wouldn't ask this now about other cars as I've learnt with the Aston i would have been better off leasing it instead of buying it. But i wonder if this is different with an F430, it looks like you will pay £1700 + vat for a min 24 months(£47940). Now this doesn't include any servicing, its pretty much your car i take it and have to maintain it to your own cost?

I dont think owning one and servicing it for 2 years would be anywhere near this much. Does anyone have any experience of doing this with a Ferrari?


If you can get a brand new car at list price, then I think you are better off buying the car if you are going to do 15,000 miles in 2 years. I think the car will depreciate around 40K in 2 years (with a SOR/Private sale at end) + servicing costs of under 2K.

If you are looking for a stable financial solution, plus no hassle of SOR/Private selling, then look at the lease option and throw a TON of miles on it!!

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
OK another thought is when are these second hand cars going to start dropping? There is now a lot more on Autotrader then i have noticed before but there asking for nearing new price for an 05/05 car. In all fairness it doesn't look like there selling but I'm only after a black car. I think id do about 15/20k over 2 years.

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
bund said:
Yeah thats also a good idea. Im getting rid of my 968cs and was going to get the new GT3 but also harbouring thoughts of getting a 996rs instead but i still dont have a garage so im limited to what i can put on my drive. The F430 is something id really think about when a garage comes up confused


you're selling a cracking £15k car to buy a £75 k car ...can't see the logic myself. As for 430 prices, nearly new cars are at list already...

Edited by tony h on Monday 4th December 10:26

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
4 blk 430s are on Ferrari UK's site

www.ferrari.co.uk/index.php?page=preowned

Davi

17,153 posts

245 months

Monday 4th December 2006
quotequote all
tony h said:
you're selling a cracking £15k car to buy a £75 k car ...can't see the logic myself. As for 430 prices, nearly new cars are at list already...


When you say nearly... how nearly?

Wife's boss has just sold his 430 back to the garage he bought it from for "only a small loss".

apparently he's ordered a replacement new 430 to be delivered in spring - he can't see the point of keeping a car like that over winter so is going to buy one each year for the summer then sell it back as winter approaches...

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
tony h said:
bund said:
Yeah thats also a good idea. Im getting rid of my 968cs and was going to get the new GT3 but also harbouring thoughts of getting a 996rs instead but i still dont have a garage so im limited to what i can put on my drive. The F430 is something id really think about when a garage comes up confused


you're selling a cracking £15k car to buy a £75 k car ...can't see the logic myself. As for 430 prices, nearly new cars are at list already...

Edited by tony h on Monday 4th December 10:26


The thing is the 968 is sitting at my parents in Kent(1hr at least from me) if i do get rid of that and buy GT3/RS then the Aston will be going as well.

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
fair enough

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
tony h said:
fair enough


Are you as bored as me over there today eek?

Jonny5

3,526 posts

299 months

Monday 4th December 2006
quotequote all
a 430 will not depreciate 50k in 2 years, so if you have the £££ speak with Dion@Elms he has a new 430 on his books

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
bund said:
tony h said:
fair enough


Are you as bored as me over there today eek?


am now after being stopped out

JOETHETOE

548 posts

242 months

Monday 4th December 2006
quotequote all
To be honest I think it really depends on whwther you want to tie up any large lumps of money i.e buying or just using your disposable eachg month and maybe putting the lumps into something that will work for you??

Personally I thing leasing is very sensible particularly if you can get the VAT back through work??

Just my 2 pennies

Lovely problem to have though.........Gallardo??????

JOE

bund

Original Poster:

2,624 posts

246 months

Monday 4th December 2006
quotequote all
JOETHETOE said:
To be honest I think it really depends on whwther you want to tie up any large lumps of money i.e buying or just using your disposable eachg month and maybe putting the lumps into something that will work for you??

Personally I thing leasing is very sensible particularly if you can get the VAT back through work??

Just my 2 pennies

Lovely problem to have though.........Gallardo??????

JOE


See I cant claim back the vat and im just trying to way up the options. Lambo's very nice but one of my best mates has one and the 430 cries out to me also like the cs.

tony h

2,703 posts

271 months

Monday 4th December 2006
quotequote all
Lambo Acton salesman says 430 is streets ahead of Gallardo FWIW