458 Margins

[PHOENIXUK]

ted 191 said:

Let's have some facts then........just sold my 12 coupe after 11 months and 4k miles, bought from a main dealer at retail and sold back to same dealer as trade, loss of £12.5k.

Hard facts as opposed to tinterweb bo**ox and soothsayers I know a man........

[rosino]

PHOENIXUK said:

ted 191 said:

Let's have some facts then........just sold my 12 coupe after 11 months and 4k miles, bought from a main dealer at retail and sold back to same dealer as trade, loss of £12.5k.

Hard facts as opposed to tinterweb bo**ox and soothsayers I know a man........

Nice one... I lost a touch more on a 991 S bought 9 mths used from OPC (at around 20pct discount from new) and on which I put around 8k miles
Sold back to a different dealer as the one who had originally sold it was offering even less. Privately didn't have any takers despite being an excellent spec.

[sone]

ted 191 said:

Let's have some facts then........just sold my 12 coupe after 11 months and 4k miles, bought from a main dealer at retail and sold back to same dealer as trade, loss of £12.5k.

As the saying goes, don't let the facts get in the way of a good story (-:

[ted 191]

sone said:

As the saying goes, don't let the facts get in the way of a good story (-:

Far too much of that on here...........gezza told me down the pub he could get a 458 for £100k doesn't make it fact.

[sone]

ted 191 said:

sone said:

As the saying goes, don't let the facts get in the way of a good story (-:

Far too much of that on here...........gezza told me down the pub he could get a 458 for £100k doesn't make it fact.

Yea but he bought it for 15 quid(-:

[POORCARDEALER]

I did 678 miles in mine and sold it to the exact penny what I paid for it

[andy355]

So what do we reckon the dealer bid is on spiders retailing for say 195k?

[sone]

andy355 said:

So what do we reckon the dealer bid is on spiders retailing for say 195k?

Depends what dealer it is I reckon. But i'd guess 145-150k a complete guess mind.

[ted 191]

andy355 said:

So what do we reckon the dealer bid is on spiders retailing for say 195k?

13 spider with good spec £170k.

A lot depends on the dealer, if he's got 4/5 spiders in stock it's unlikely they'll bid strong money, if they have no stock, obviously the bid will be higher, it's all down to timing.

[PHOENIXUK]

More REAL TIME pricing......... Sold within 12 hours.

Just sold my 62 plate 458 after 17 months and over 4000 miles, bought retail from JCT sold to a trader, cost to me £1200 a month.
6 calls from 'dealers' with the exeption of 1 they were all offering reasonable money.

[johnnyreggae]

I don't wish to quibble but that is not real time pricing since you do not hint at cost or sale price

[Shmee]

One of the problems with all this is a time of year thing. It's well known that around now in April and May it's the best time to sell a car (and the worst to buy!) because everyone's in the same boat buying as the weather gets better to have a new toy for the summer.

I'm guessing as a result a dealer will pay significantly higher because they know they have a buyer ready and waiting the next day/week, rather than having to stock it for 6 months.

[sone]

£1200 a month from a new car isn't bad at all in fact I'd say good. I always work on the basis of £1000 a month depreciation whether it be Porsche Ferrari or whatever and thats on a second hand car.

[PHOENIXUK]

johnnyreggae said:

I don't wish to quibble but that is not real time pricing since you do not hint at cost or sale price

IMHO I think it is quibbling. It would not be fair to the buyer to disclose prices, I was simply letting people know MY realtime costs to owning this vehicle by posting my buying / selling findings this week, as opposed to the '£50K+ losses in 10 minutes' previously reported..

Regarding time of year of course now is the best time to sell, unless you want to sell a McLaren that is I was offered a 2012 (coupe) car that would have equated to over well over triple the monthly cost of my 458 (I know the purchase price of it)

Edited by PHOENIXUK on Tuesday 29th April 10:38

[WCZ]

sone said:

£1200 a month from a new car isn't bad at all in fact I'd say good. I always work on the basis of £1000 a month depreciation whether it be Porsche Ferrari or whatever and thats on a second hand car.

+1
I've been losing at least 1k a month for the last (I can't even think) how many years! on vehicle depreciation

[Robbo66]

sone said:

£1200 a month from a new car isn't bad at all in fact I'd say good. I always work on the basis of £1000 a month depreciation whether it be Porsche Ferrari or whatever and thats on a second hand car.

If that were really the case, I would buy one tomorrow.

[GrahamPM]

Robbo66 said:

If that were really the case, I would buy one tomorrow.

Go and do it - you know you want to!

My personal experience of Ferrari ownership (now on 3rd) has cost approx £1000/month (not including fuel or insurance) - plus benefit for no service costs for 7 years on any 458 registered after May 2011. And 4 years warranty............not sure what McLaren service actually costs!
Graham

[PHOENIXUK]

Robbo66 said:

sone said:

£1200 a month from a new car isn't bad at all in fact I'd say good. I always work on the basis of £1000 a month depreciation whether it be Porsche Ferrari or whatever and thats on a second hand car.

If that were really the case, I would buy one tomorrow.

Excuse me but I can assure you (exception of RFL, petrol and insurance) that my figures are based on owning said car.