Buying Ferrari - 458 vs 488?

Buying Ferrari - 458 vs 488?

Author
Discussion

jurassic86

Original Poster:

67 posts

87 months

Monday 12th December 2016
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Hi Guys

Although I know their is no right or wrong answer as most of it is speculative but I am considering buying either a 458 or 488.

I had originally considered a 458 but having looked for 4 months can't seem to find one that I've fallen in love with. Either the mileage is too high the specification is wrong or the colour combo is not to my taste. I suspect I'm just fussy but buying a dream car has to be perfect.

Naturally I've looked at the 488 and if I'm honest after initially discounting it on the basis of the turbo and looks... It's really started to grow on me and I'm now at a point where I can find more 488s out their to my liking than 458s.

My only concern is depreciation on a new model such as the 488. I understand that some people buy a car and keep it for many years however I'll likely be bored and wanting my next fix after 12 months at most so the question I'm asking is... Would one expect to take a much harder hit on depreciation with a 488 vs a 458?

I've seen the prices on 458 fall in the past 6 months but not at an astronomical rate and given the weather and season not supprised. Does anyone here have any ideas what levels of depreciation can be expected on a 488 vs 458?

sparta6

1,329 posts

45 months

Tuesday 13th December 2016
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jurassic86 said:
Hi Guys

I understand that some people buy a car and keep it for many years however I'll likely be bored and wanting my next fix after 12 months at most so the question I'm asking is... Would one expect to take a much harder hit on depreciation with a 488 vs a 458?

How could you possibly know whether you'll get bored within 12 months ? Unless ofcourse you've already pre-set a boredom threshold on whatever object / car you buy next.


jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
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Well i generally rarely keep any car longer than 12 months and given the fact most Ferraris have a high owner history I suspect I'm not alone

red_duke

736 posts

126 months

Tuesday 13th December 2016
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Have you driven either of them yet? I imagine that will settle the argument in your mind.

jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
quotequote all
I think for me it's partly irrelevant. I'll settle for anything if the specification is right... I mean lets be honest a Ferrari is a Ferrari but critically to me I don't want to end up 12 months down the line with my pants pulled down. Will the depreciation curve head 6 o clock in 2017 or will it depreciate at a modest rate?

Jules360

1,877 posts

147 months

Tuesday 13th December 2016
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You should drive both. I've not tried a 488 yet, but chatting to my local dealer at the weekend, he was telling me that they are very different - the 458 is much more raw compared to the 488 in terms of driving and noise. He has had customers switching back to the 458 from 488s, which he said he has not seen before with a new model. His words, not mine, before I get buried by 488 owners.

Camlet

1,114 posts

94 months

Tuesday 13th December 2016
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Look under every bed, raid every box. Find the extra cash and buy a Speciale.

They're unlikely to drop back to list but prices have softened from their previous highs.

12 months?

12 years from now you'll still be gobsmacked at the Speciale's awesome agility, sound, beauty and sublime responsiveness of arguably the finest NA V8 motor made.

You'll also probably forget what is depreciation.

MDL111

3,738 posts

122 months

Tuesday 13th December 2016
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If it is mostly about owning a ferrari and minimising depreciation, I would get red/black or red/cream as those seem to be the favoured colour combos in the UK (maybe not as pronounced as in the past, but pribably still the safest bet/highest number of potential ourchasers). I suspect the 488 will drop more than the 458 due to the higher entry price.

I do think that 12 months might cost quite a bit in depreciation as prices seem to be static/possibly slight downward trajectory and you probably wont be able to sell rpviately so will have sor fees / dealer margin


rosino

1,200 posts

117 months

Tuesday 13th December 2016
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Camlet said:
Look under every bed, raid every box. Find the extra cash and buy a Speciale.

They're unlikely to drop back to list but prices have softened from their previous highs.

12 months?

12 years from now you'll still be gobsmacked at the Speciale's awesome agility, sound, beauty and sublime responsiveness of arguably the finest NA V8 motor made.

You'll also probably forget what is depreciation.
This. Best car ever for me. Love it to bits.

jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
quotequote all
458 Speciale are beautiful but in all honesty I can not afford one right now. I think that personally I am more sold on a 458 based on the raw sound and the NA engine. As much as the figures look amazing on a 488 would I ever get to use that impressive torque or top speed? probably not.

TonyF

2,131 posts

221 months

Tuesday 13th December 2016
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I have both the 458 and 488 and can honestly say the 458 is the one to go for. The 488 is sublime in every way over the 458 as you would expect with a new model but that n/a V8 sound and the rawness of it still ticks the boxes for me. The 488 is a great car don't get me wrong and I find myself going for the 488 more often than not when I open my garage doors but that's probably because it's the newer car. My son and I drove them side by side and the difference between them in a straight line isn't as great as you might think they are. I prefer the 458 over the 488 at the moment because I just love the n/a V8 sound when it's on song and it's a spider so I get the full chorus....... 👍

jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
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Well this is what I am more leaning towards. I think the problem is like anything in life- when you look at a newer model you tend to look at the older one as more dated. The only problem is finding a 458 with reasonable mileage.

TonyF

2,131 posts

221 months

Tuesday 13th December 2016
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The 458 certainly isn't dated and will hold its value better being the last of the n/a engines, what sort of mileage cars are you looking for ?

MitchT

12,613 posts

154 months

Tuesday 13th December 2016
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If it were me I'd go for a 458. Much nicer looking and a normally aspirated engine. The 488 is obviously the winner on performance but I, for one, wouldn't have the skill or the opportunity to exploit the difference.

jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
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Ideally between 8-10K. I most certainly want Red with black interior. Nero roof is preferable but a few of them out their have either been painted (post built) or wrapped. I personally can not see the attraction of buying a Ferrari with a wrapped roof. Maybe it's just me but to me they may as well have gone and tinted the windows and thrown on a K&N Air Filter laugh

Then their is the whole argument of Main Dealer vs Specialist. I think for the saving I would make buying from an Indie I would sooner buy from Main Dealer and benefit from the 2 year warranty.

sparta6

1,329 posts

45 months

Tuesday 13th December 2016
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jurassic86 said:
when you look at a newer model you tend to look at the older one as more dated.
and when people look at a newer model, they somehow instantly correlate that with "better" biggrin

MingtheMerciless

289 posts

154 months

Tuesday 13th December 2016
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My 2c - I agree with all the above (including re Speciale), and I think the 488 as well as not sounding as great as the 458 (which is not exactly raw - see the other thread about people switching back to Scuds because it isn't raw enough), partly because it loses 1000 rpm to the redline, is a bit too fast to enjoy on the public roads. That straight you wanted to warp drive to the end of? Well you are there with two unwanted early redline gear changes up and hard on the brakes before you planned/wanted to be there.

However, in my opinion, if you are planning on much track work, get a 488. I drove it over two days (with the F12) in Modena recently on the Pilota course and the 488 is just maybe the best track/road (as opposed to road/track) Ferrari ever that I have experienced. You can do stuff in it that just makes your face muscles cramp and hurt from the fixed grin. Literally. I haven't driven a 458 back to back but I do think the 488 is noticeably better. Yes the Scud is better and rawer and more rewarding of the driver cojones/skill balance being correct, but for me, I just loved it.

As an alternative, if you are in the budget range for a 488, why not get a 458 Spider?


jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
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I have no hair on my head so would not get the pleasure of it blowing about laugh

MrVert

3,105 posts

184 months

Tuesday 13th December 2016
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I would guess you'll take at least a £30-£40k hit on a 488 in a year, quite a bit more than on a 458.

If anything the 458 has crept up a smidge this year, I spent 4 months looking before I bought in Feb this year so have been watching the market...as you do....

I also think colour is not as sensitive now as much as it used to be. The 458 looks simply stunning in any colour....including grey whistle

As said above, if you're considering a 488, at that price....try a 458 Spyder? Good call that.


jurassic86

Original Poster:

67 posts

87 months

Tuesday 13th December 2016
quotequote all
You see speak with you lot I think I'm now swinging more towards a 458 smile

Gosh what an enotional rollacoaster this is