Is the 458 way overpriced?

[Mike Brown]

After receiving a couple of offers on my totally genuine absolutely pristine 360, I am beginning to wonder whether the 458 is way over valued.

If the cars such as mine are being valued 20 percent less than thought, then is the same true for 458 and the like, there are certainly plenty of them around and are they actually selling or Is a price correction overdue, would be interested in folks views, Mike

[Magic919]

You could read the current Speciale thread a bit further down.

[Wilmslowboy]

360 owner thinking a 458 could be over valued ....
(360s are c50% up on what they were a couple of years ago)

I think 458s are a huge step up on previous v8 Ferraris...they could be claimed to be inferior to 12Cs (carbon tub etc) however as a 12C owner I thought hard about swapping into a 458....,only problem is like for like car is nearly £40k more ...

[Juno]

I bought a Lamborghini because I thought the 458's were 30-40k too expensive.My Lambo is a top end Peformante so Lightweight Carbon Limited Edtition. As a 13 plate/year with 6000 miles i think it represented a much better buy than a 458 as much as the 458 did interest me.My car is circa £150k so I will let you decide. V10 Epic Drive Looks and Power and the Noise



[url]

[johnnyreggae]

Why should a dealer valuation of a different car you do not want to sell mean that a completely different car is overvalued ? Maybe they just did not want to buy your car outright - or that your perceived valuation was, heaven forbid, unrealistic

Edited by johnnyreggae on Friday 26th August 22:50

[Mike Brown]

Did not think circa 60 k was over priced , and that's not the point of my question , my point is simply what I asked,irrespective of what my car is or is not worth.
Nothing is worth anything unless the man says yes. Mike

[70proof]

Any car is only worth what someone is prepared to pay for it... if it ain't selling, then it isn't worth it...

[Durzel]

A 458 isn't in the same market as a 360, so the question is a bit peculiar to be honest.

As said above, and with respect, if you're unhappy with the valuation of your car, and have had several offers around the same area, then that's what it's worth (at trade) - not what number happens to be in your head.

Regards 458 values generally - it is in my humble opinion a significant technological upgrade from the F430, and it's nearest competitor is it's replacement which is still in relatively short supply and commanding a significant premium. 458s also have the benefit of being the last NA V8, so if you don't buy into the whole "less noise, greater efficiency through turbocharging" of the 488 then it's arguably in a market of its own. Lastly it is propped up by the F430 prices - they can't go down in value while the F430 market remains static. If there is to be a significant correction then it's going to compress all the way down.

[bordseye]

Mike Brown said:

After receiving a couple of offers on my totally genuine absolutely pristine 360, I am beginning to wonder whether the 458 is way over valued.

If the cars such as mine are being valued 20 percent less than thought, then is the same true for 458 and the like, there are certainly plenty of them around and are they actually selling or Is a price correction overdue, would be interested in folks views, Mike

You seem to be comparing asking prices with selling prices. Your offer to buy for your 360 was 20% less than presumably the prices you see people asking for them, mine for a 430 was similarly 20% less than showroom and the dealers were quite open about it. I am sure that a 458 would be 20% less too.

But I dont see the point of the question. A car is never an investment any more than other "collectables". Instead its one of those things like boats that go up and down with the economic cycle and the disposeable cash in people's pockets

[RamboLambo]

458's are epic cars and a big step up from a F430 let alone a 360. the cost to change is always going to be big but whether its fair and value is another matter
Trade to Retail spread on both cars has increased and like said above you are not doing a like for like comparison. Eutopia for you seems to be sell the 360 at retail and buy the 458 at trade but that's not going to happen
However in answer to your question I think all Ferrari's are currently overpriced so you cant really have your cake and eat it on both the 360 and 458.

Value lies outside the prancing horse as well as the exposure to a price correction

[Juno]

All of a sudden there are quite a few 458's sub 150k, most of the year its been pretty hard to find one sub £150k level.Looks like a big move to me in a week? These are not just early cars but reasonable 12 spec models!

http://www.pistonheads.com/classifieds/used-cars/f...

Edited by Juno on Sunday 28th August 22:50

[Juno]

All of a sudden there are quite a few 458's sub 150k, most of the year its been pretty hard to find one sub £150k level.Looks like a big move to me in a week? These are not just early cars but reasonable 12 spec models at main dealers!

http://www.pistonheads.com/classifieds/used-cars/f...

http://www.pistonheads.com/classifieds/used-cars/f...

Edited by Juno on Sunday 28th August 22:54

Edited by Juno on Sunday 28th August 22:55

[Durzel]

As a rule of thumb I think you'd have to provide than 1 example to show "a big move", or a trend...

[MDL111]

Durzel said:

As a rule of thumb I think you'd have to provide than 1 example to show "a big move", or a trend...

...is this a new thing? I thought examples were not required at all on Pistonheads ... this will make values are on the up / falling off a cliff (depending on if I am a buyer or seller) soo much more difficult to argue

[458man]

Juno said:

All of a sudden there are quite a few 458's sub 150k, most of the year its been pretty hard to find one sub £150k level.Looks like a big move to me in a week? These are not just early cars but reasonable 12 spec models at main dealers!

http://www.pistonheads.com/classifieds/used-cars/f...

http://www.pistonheads.com/classifieds/used-cars/f...

Edited by Juno on Sunday 28th August 22:54

Edited by Juno on Sunday 28th August 22:55

The car is priced low due to that colour IMHO.

Prices are certainly not going down they are going up! Early 2010 main dealer cars are now £150k+ and are selling within days if the right colour and spec so to say they are overpriced is meaningless if they are flying off the shelves. With the Speciale's all over £350k these make huge financial sense and will continue to in the foreseeable future.

[458man]

Juno said:

I bought a Lamborghini because I thought the 458's were 30-40k too expensive.My Lambo is a top end Peformante so Lightweight Carbon Limited Edtition. As a 13 plate/year with 6000 miles i think it represented a much better buy than a 458 as much as the 458 did interest me.My car is circa £150k so I will let you decide. V10 Epic Drive Looks and Power and the Noise



[url]

Nice car Juno but IMHO these feel so out of date when compared to a Huracan where as the difference between a 488 and a 458 is not that far apart - the interiors are pretty much the same!

With early Huracan coupes now available for circa £160k and the much more superior Mclaren 650s too .....I don't want to think what yours will be worth in 6 months

Edited by 458man on Monday 29th August 13:52

[Bo_apex]

Every car that rolls out of the showroom is already out-of-date. The manufacturers are already working on their next iteration. Cars can be considered "new" at their press launch.

The important element is finding a car which suits your driving style and puts a smile on your face

[cgt2]

458man said:

The car is priced low due to that colour IMHO.

Prices are certainly not going down they are going up! Early 2010 main dealer cars are now £150k+ and are selling within days if the right colour and spec so to say they are overpriced is meaningless if they are flying off the shelves. With the Speciale's all over £350k these make huge financial sense and will continue to in the foreseeable future.

I think he may have wrongly posted the same link three times. There are about ten examples at main dealers from £150k-£155k. Most don't appear to have moved in months. I know the black one at HR Owen and it's a very clean car indeed.

[458man]

cgt2 said:

458man said:

The car is priced low due to that colour IMHO.

Prices are certainly not going down they are going up! Early 2010 main dealer cars are now £150k+ and are selling within days if the right colour and spec so to say they are overpriced is meaningless if they are flying off the shelves. With the Speciale's all over £350k these make huge financial sense and will continue to in the foreseeable future.

I think he may have wrongly posted the same link three times. There are about ten examples at main dealers from £150k-£155k. Most don't appear to have moved in months. I know the black one at HR Owen and it's a very clean car indeed.

I have a friend who is actively looking for one and every time he finds one he likes and calls the dealer he is told it has been sold. HR Owen are the worst at updating their website!

[458man]

Bo_apex said:

Every car that rolls out of the showroom is already out-of-date.

Correct, but some feel much more so than others and IMHO the gallardo is certainly one of them