458 Margins

[Robbo66]

Could someone please explain how a Dealer can continue to set a Retail Price of a 458/Spider at a marginal discount on original RRP,when the entire population on earth knows they have given in some cases, £80-£90 k under to buy it !.

I am looking, possibly, for a Spider, but cannot bring myself to push the button, knowing this to be the case and I'm likely to take a similar bath on a second hand car. Staggering

[johnnyreggae]

Buy an mp4-12c and you might get the discount up-front so we're told

And I'm not sure I believe 458 spiders are being bought in for well under £ 150 000

[GrahamPM]

There are deals to be done for sure, but not at the £10's of 1000's you think. When I was hunting for my 458, the cars that were cheap (relatively!) were poorly spec'd with little or no carbon, basic seats, std wheels etc
Nicely optioned cars carry a premium, deservedly so, but there is dealer margin that can be worked with.
The 458 is a wonderful car, not to be missed!
Graham

[Robbo66]

The Dealers won't move much I can assure you. 50 odd for sale, some for ages and still around £200k flow low miles 12 month cars....how ?... Knowing full well what they bid to buy in !!!!

[isaldiri]

Robbo66 said:

The Dealers won't move much I can assure you. 50 odd for sale, some for ages and still around £200k flow low miles 12 month cars....how ?... Knowing full well what they bid to buy in !!!!

Interesting. i was told of a very substantial discount beIng offered to someone I know of for an unregistered 458 very recently. Probably was a coupe than spider though.

[GRBF430F1]

Cars have sat for months, if not years with the price hardly moving. Personally I'd rather keep turning cars making a small profit and moving on to the next sale but some of these dealers must be owed so much on these cars ( adding in stocking costs etc...) that they are holding out for a good price.

Would hate to see their stock turn figures versus the amount of money tied up.

What I have noticed is there are quite a few more appearing at independent particularly the early ones nearing the end of the 4 year warranty.

The few good spec competitively price cars I enquired about had all had tagged body parts issued by Ferrari which means they had some form of knock, anything from a bumper scuff in a car park or a full frontal/rear accident. Came to a conclusion it was cheap and at an independent for good reason. Might not be the case all the time but I would certainly tread more carefully and do the research.

To be fair one car I did see physically that was marked for body repair you would not of known but it was always going to be in my mind. Wasn't surprised when it sold fairly quickly though

[JONAHHELE]

SOR cars making up most stock, with optimistic owners?

[andymc]

No i suspect cars the dealers gave too much for and don't want to take a bath on

[Robbo66]

andymc said:

No i suspect cars the dealers gave too much for and don't want to take a bath on

No. The total opposite.

[sone]

80-90k under purchased priced that's the usual utter internet bull st.
Please for once please someone demonstrate these figures. When I bought my car surprise surprise those deals weren't about.
I've had my 458 for nearly 12 months and it's the first car I've owned that I can't replace this side of 200k with anything better. Utterly fab!

[Robbo66]

sone said:

80-90k under purchased priced that's the usual utter internet bull st.
Please for once please someone demonstrate these figures. When I bought my car surprise surprise those deals weren't about.
I've had my 458 for nearly 12 months and it's the first car I've owned that I can't replace this side of 200k with anything better. Utterly fab!

You're right...utter bull....it was actually £95k on an 800 mile 10 month old Spider which was heavily spec'd at circa £250k.
How would you know these 'deals were not about'....you are the purchaser who probably paid close to list for a car that the the Dealer bought for way, way less.

I'm not arguing, try and get a bid on yours and see what they offer. Then compare that to the prices of similar cars in the network.

[ted 191]

Robbo66 said:

You're right...utter bull....it was actually £95k on an 800 mile 10 month old Spider which was heavily spec'd at circa £250k.
How would you know these 'deals were not about'....you are the purchaser who probably paid close to list for a car that the the Dealer bought for way, way less.

I'm not arguing, try and get a bid on yours and see what they offer. Then compare that to the prices of similar cars in the network.

I have, your wrong.

I'll have all the high spec 10 month old spiders @ £155k you can find.

[montpellier]

Robbo66 said:

Could someone please explain how a Dealer can continue to set a Retail Price of a 458/Spider at a marginal discount on original RRP,when the entire population on earth knows they have given in some cases, £80-£90 k under to buy it !.

I am looking, possibly, for a Spider, but cannot bring myself to push the button, knowing this to be the case and I'm likely to take a similar bath on a second hand car. Staggering

Never seen that spread ever. Main dealer cars are turning over too, so not sure what you base your comment on. There is a big spread on F cars, but I have never seen more than £30k for a car that is in warranty, most being nearer £20k. I am talking sale prices from dealers too, not advertised.

Anyone want to sell a Spider for £150k ?

[Robbo66]

montpellier said:

Never seen that spread ever. Main dealer cars are turning over too, so not sure what you base your comment on. There is a big spread on F cars, but I have never seen more than £30k for a car that is in warranty, most being nearer £20k. I am talking sale prices from dealers too, not advertised.

Anyone want to sell a Spider for £150k ?

Base my comments on an owners experience. So just to confirm, are you actually stating that I would lose a max of £30k on a Spider ?.

[andymc]

It doesn't make sense though Robbo, if they bought the cars ultra cheap with 70k across them why not sell and release 40k of pure profit rather than hold on for a year to when maximum profit is unlikely, sort of take the money then run.

Andy

[Robbo66]

andymc said:

It doesn't make sense though Robbo, if they bought the cars ultra cheap with 70k across them why not sell and release 40k of pure profit rather than hold on for a year to when maximum profit is unlikely, sort of take the money then run.

Andy

I know, that's what's so mystifying. Unless there's support from Ferrari HQ, and they cannot sell below a certain figure ?.
I'm stumped, but all I can state is what I know....and that's that the depreciation is stratospheric, if you can get them to bid at all.
If it would cost me only £20-£30k for a year, I would get one....but it won't. It will be a lot more because of the ridiculous RRP's out there.

[andymc]

I would imagine as more slip out of the network and into independents there will have to be a market correction

[sone]

Robbo66 said:

sone said:

80-90k under purchased priced that's the usual utter internet bull st.
Please for once please someone demonstrate these figures. When I bought my car surprise surprise those deals weren't about.
I've had my 458 for nearly 12 months and it's the first car I've owned that I can't replace this side of 200k with anything better. Utterly fab!

You're right...utter bull....it was actually £95k on an 800 mile 10 month old Spider which was heavily spec'd at circa £250k.
How would you know these 'deals were not about'....you are the purchaser who probably paid close to list for a car that the the Dealer bought for way, way less.

I'm not arguing, try and get a bid on yours and see what they offer. Then compare that to the prices of similar cars in the network.

As ever the rumours proliferate of people taking massive hits oh their cars. Fact is you will take a huge hit if you over spec your car and you're going to get your arse spanked if you sell car after a relatively short period. How can you expect to get a decent bid when the dealers have lots of stock already.
Until I hear from the horses mouth I still believe a lot of the numbers flung about are for the shock factor but I'm not naive enough to think I won't take a reasonable size hit when I sell mine!
So I've decided to hang onto mine for a while that way I won't take a hit (yet)

[Robbo66]

sone said:

Robbo66 said:

sone said:

80-90k under purchased priced that's the usual utter internet bull st.
Please for once please someone demonstrate these figures. When I bought my car surprise surprise those deals weren't about.
I've had my 458 for nearly 12 months and it's the first car I've owned that I can't replace this side of 200k with anything better. Utterly fab!

You're right...utter bull....it was actually £95k on an 800 mile 10 month old Spider which was heavily spec'd at circa £250k.
How would you know these 'deals were not about'....you are the purchaser who probably paid close to list for a car that the the Dealer bought for way, way less.

I'm not arguing, try and get a bid on yours and see what they offer. Then compare that to the prices of similar cars in the network.

As ever the rumours proliferate of people taking massive hits oh their cars. Fact is you will take a huge hit if you over spec your car and you're going to get your arse spanked if you sell car after a relatively short period. How can you expect to get a decent bid when the dealers have lots of stock already.
Until I hear from the horses mouth I still believe a lot of the numbers flung about are for the shock factor but I'm not naive enough to think I won't take a reasonable size hit when I sell mine!
So I've decided to hang onto mine for a while that way I won't take a hit (yet)

Sone, I hope you don't take a massive hit, and glad that your car is not spec'd to £250k + and you don't intend to sell it within 10 months.
This wasn't a 'rumour' as I stated earlier, with the horse being alive and well living next to an ostrich farm.
The car was over spec'd and he indeed has his arse spanked. Entirely your decision as to whether you believe this. If i didn't then I would not have started the thread.
If one of you could convince me that I will only lose £20-£30k in a year, then I will buy one tomorrow. Until then, I only have the horses mouth.

[jayemm89]

I was up at Lancaster Colchester not long ago, they had just bought in a 458 vert in pearl white, £230K car. They all agreed £230k was going to be a hell of a struggle to get for that car. Didn't help there was a gorgeous F12 next to it for not much more.