458 Margins

Author
Discussion

Jules360

1,949 posts

203 months

Wednesday 19th March 2014
quotequote all
Robbo66 said:
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.
Depends on who you buy it from and who you sell it to. A dealer both ways you lose close to 30k in the same day, private / private probably that over a year.

sone

4,587 posts

239 months

Wednesday 19th March 2014
quotequote all
I'm not saying that anyone's not telling the truth on here but as with anything on PH things do get exagerated sometimes massively. Even from the horses mouth I'd want to see the receipt (-:
Buy a Supercar these days especially a new one sell it shortly after and you'll lose your shirt, its a fact of life!

Robbo66

Original Poster:

3,834 posts

234 months

Thursday 20th March 2014
quotequote all
sone said:
I'm not saying that anyone's not telling the truth on here but as with anything on PH things do get exagerated sometimes massively. Even from the horses mouth I'd want to see the receipt (-:
Buy a Supercar these days especially a new one sell it shortly after and you'll lose your shirt, its a fact of life!
So you're saying I'm telling the truth....but you want to see the receipt wink

We ll know you lose money buying Supercar. The whole point was the ridiculous spread offered on the 458, from what the Dealer offers to the seller, to their RRP.

Any advances on the max £30k loss....or do we only have the Ostriches view wink

Jules360

1,949 posts

203 months

Thursday 20th March 2014
quotequote all
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 mad
So to clarify, you are saying that cars retailed at £220k were bought in at £130k ?

Robbo66

Original Poster:

3,834 posts

234 months

Thursday 20th March 2014
quotequote all
Jules360 said:
So to clarify, you are saying that cars retailed at £220k were bought in at £130k ?
No. Read further back. That was an extreme, and happened.
I am trying to ascertain the potential loss, £30k is a pipe dream IMO.

Jules360

1,949 posts

203 months

Thursday 20th March 2014
quotequote all
Bit tricky reading further back, that was your original post. It didn't seem to be specific to any particular car, just stated that dealers had stock that they had paid 80-90 grand less than sticker for, that they won't discount.

You have rubbished any attempts to suggest different figures, so you tell us the answer please.

Jules360

1,949 posts

203 months

Thursday 20th March 2014
quotequote all
.... since you claim to know it

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 !!!!

sone

4,587 posts

239 months

Thursday 20th March 2014
quotequote all
If I were to go and buy a spider for lets say 220k, run it for 6 months putting maybe a couple of thousand miles on it and then sell it (to the trade)I'd expect the dealer to retail that car around 190-200k and want 30k for his time/risk so my potential loss being perhaps a little optimistic is 50k but it'd probabaly only a little more if I kept the car for another 6 months.
It's a lot of money but what can you do apart from not spend it in the first place!

Edited by sone on Thursday 20th March 11:27

Robbo66

Original Poster:

3,834 posts

234 months

Thursday 20th March 2014
quotequote all
Jules360 said:
Bit tricky reading further back, that was your original post. It didn't seem to be specific to any particular car, just stated that dealers had stock that they had paid 80-90 grand less than sticker for, that they won't discount.

You have rubbished any attempts to suggest different figures, so you tell us the answer please.
Try reading back again.

Robbo66

Original Poster:

3,834 posts

234 months

Thursday 20th March 2014
quotequote all
sone said:
If I were to go and buy a spider for lets say 220k, run it for 6 months putting maybe a couple of thousand miles on it and then sell it (to the trade)I'd expect the dealer to retail that car around 190-200k and want 30k for his time/risk so my potential loss being perhaps a little optimistic is 50k but it'd probabaly only a little more if I kept the car for another 6 months.
It's a lot of money but what can you do apart from not spend it in the first place!

Edited by sone on Thursday 20th March 11:27
Agree, on a £220 car, was looking at £50 min. That's what irritates regarding the high RRP. Just not reflective on the price given to bit in IMO.

Jules360

1,949 posts

203 months

Thursday 20th March 2014
quotequote all
Robbo66 said:
Try reading back again.
I have. Definitely the opening post.

Jules360

1,949 posts

203 months

Thursday 20th March 2014
quotequote all
Robbo66 said:
Try reading back again.
I have. Definitely the opening post.

Robbo66

Original Poster:

3,834 posts

234 months

Thursday 20th March 2014
quotequote all
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.
Jules...see above.

Ingenere

133 posts

150 months

Friday 21st March 2014
quotequote all
ted 191 said:
I have, your wrong.

I'll have all the high spec 10 month old spiders @ £155k you can find.
You might have a 'reputation' for paying too much. In the states, there are certain guys that many dealers know they can fleese. Likewise, there are others that know they will have to do a back flip for to get a deal done.

Jules360

1,949 posts

203 months

Friday 21st March 2014
quotequote all
Robbo66 said:
Jules...see above.
You over spec a car you should expect this… not many people want that spec. But to say that this sort of mark up applies to all dealer 458s is rubbish. If it were i'm sure there would be a more lively private market. What seller or buyer wouldn't want to save 40 grand ? A year old car still comes with warranty and a few hundred quid gets you a main dealer inspection, no different to an approved car.

Robbo66

Original Poster:

3,834 posts

234 months

Friday 21st March 2014
quotequote all
Jules360 said:
Robbo66 said:
Jules...see above.
You over spec a car you should expect this… not many people want that spec. But to say that this sort of mark up applies to all dealer 458s is rubbish. If it were i'm sure there would be a more lively private market. What seller or buyer wouldn't want to save 40 grand ? A year old car still comes with warranty and a few hundred quid gets you a main dealer inspection, no different to an approved car.
Jules...ask Apolo1. Your nostrils a full of sand wink

Edited by Robbo66 on Saturday 22 March 07:25

Jules360

1,949 posts

203 months

Saturday 22nd March 2014
quotequote all
They might be. But I DO have a 458, bought privately at a very reasonable price. It may not be a spider, but I've had it a year and not lost 30k.

I'm losing track of what you are asking here. You say you are trying to work out your potential loss if you buy one, but then rubbish anyone who tells you it's less then you think and claim you know exactly what dealers buy these cars in for.

Strad arrives in 2 weeks, wonder what I'll lose on that ?

Edited by Jules360 on Saturday 22 March 01:30

Robbo66

Original Poster:

3,834 posts

234 months

Saturday 22nd March 2014
quotequote all
Jules360 said:
They might be. But I DO have a 458, bought privately at a very reasonable price. It may not be a spider, but I've had it a year and not lost 30k.

I'm losing track of what you are asking here. You say you are trying to work out your potential loss if you buy one, but then rubbish anyone who tells you it's less then you think and claim you know exactly what dealers buy these cars in for.

Strad arrives in 2 weeks, wonder what I'll lose on that ?

Edited by Jules360 on Saturday 22 March 01:30
No, I'm asking what I'll lose on a Spider, and know of one guy that lost £95k as detailed.
I'm not 'rubbishing' anyone, it happens that no one has answered, who has sold one, on this thread.
Glad you bought the 458 at a very reasonable price....wonder what that guy lost ?.
If the average is £50k +, I cannot understand why this is not reflected in the sales price.

Jules360

1,949 posts

203 months

Saturday 22nd March 2014
quotequote all
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 !!!!
Mate I really can't see where you are going with this. You claim to be trying to determine the cost whilst claiming you know the answer. And rubbishing anyone who says the cost is 30k per year or less. Are you trying to prove to yourself you can't afford one ?

And the guy who sold me mine lost about £30k per year, if he paid list which I doubt.

montpellier

96 posts

173 months

Saturday 22nd March 2014
quotequote all
Robbo66 said:
No, I'm asking what I'll lose on a Spider, and know of one guy that lost £95k as detailed.
I'm not 'rubbishing' anyone, it happens that no one has answered, who has sold one, on this thread.
Glad you bought the 458 at a very reasonable price....wonder what that guy lost ?.
If the average is £50k +, I cannot understand why this is not reflected in the sales price.
I had both a coupe and spider 458, and lost £10k on both after a year in both. So there. Not £90k.