Importing 458 or not?

Importing 458 or not?

Author
Discussion

MDL111

6,913 posts

177 months

Friday 19th May 2017
quotequote all
PrancingHorses said:
At a dealer this car above is £160k all day!
I'd think that for 180k Euros you can buy a decent spider or a much newer 458 Coupe than the above

Edit: Ignore that - for some reason i thought we were talking about a LHD car - must've still been sleeping ....

Edited by MDL111 on Friday 19th May 11:49

Durzel

12,254 posts

168 months

Friday 19th May 2017
quotequote all
PrancingHorses said:
At a dealer this car above is £160k all day!
Yup, sensible private "priced to sell" price really, quite refreshing really. I'd be surprised if dealer bids weren't £140k+ to be honest. Each to their own but not sure I'd waste my time with private sellers at this level for the sake of a couple of grand, especially since I imagine you'd expect to get haggled down by about that much anyway.

I was a bit surprised when I saw it to be honest - but I haven't done anything beyond seeing the advert.

Chris355

792 posts

196 months

Friday 19th May 2017
quotequote all
PrancingHorses said:
At a dealer this car above is £160k all day!
They are coming down in price ... the market is talking ... by winter they will be lower still.

Cars are worth what they sell for, not what they are advertised at. There are too many people in denial, hence the cars that aren't selling and have been on the market for months!

Durzel

12,254 posts

168 months

Friday 19th May 2017
quotequote all
It's in the interests of both sides of the market to talk up or down the opposing side's position, really. It's prudent to take both sides opinions (including this one) with a dose of skepticism.

There are dreamers in every market really (case in point - people still advertising Speciales for £350k+), but decent cars are moving. In my admittedly limited experience procrastinating on buying these cars doesn't really achieve much besides burning time, the only commodity none of us can buy more of...

I spent far too long irritated by the ever increasing prices of F430 Spiders - to the point where they became unfeasibly expensive to my mind. All the while Ferrari dealers remained steadfast in their market manipulation pricing. I offered what I thought was a reasonable price on one, a bit over the middle of what I knew they'd bought it for (long story - but they gazumped me on it) and what they had it up for, and there was no negotiation. In fairness they knew the market well - and the car sold for what I presume must have been the asking price shortly afterwards.

There isn't in my opinion going to be an awful lot of movement in the prices of 458s while the F430 is propping it up, and there would have to be a pretty significant event in the world of credit & interest rates for the whole market downwards to compress to the point where they lose a lot. While there continues to be uncertainty around the world assets like these will continue to be attractive hedges. Waiting for that mythical RHD £120k 458 is only going to achieve one thing - missing another summer of sun, the likes of which we get very little of in this country, while others who decided that life is too short are out enjoying theirs.

Short version: The prices on these cars aren't going to change dramatically any time soon. They haven't changed for years.

Edited by Durzel on Friday 19th May 12:10

Frippe

Original Poster:

30 posts

167 months

Friday 19th May 2017
quotequote all
Durzel said:
It's in the interests of both sides of the market to talk up or down the opposing side's position, really. It's prudent to take both sides opinions (including this one) with a dose of skepticism.

There are dreamers in every market really (case in point - people still advertising Speciales for £350k+), but decent cars are moving. In my admittedly limited experience procrastinating on buying these cars doesn't really achieve much besides burning time, the only commodity none of us can buy more of...

I spent far too long irritated by the ever increasing prices of F430 Spiders - to the point where they became unfeasibly expensive to my mind. All the while Ferrari dealers remained steadfast in their market manipulation pricing. I offered what I thought was a reasonable price on one, a bit over the middle of what I knew they'd bought it for (long story - but they gazumped me on it) and what they had it up for, and there was no negotiation. In fairness they knew the market well - and the car sold for what I presume must have been the asking price shortly afterwards.

There isn't in my opinion going to be an awful lot of movement in the prices of 458s while the F430 is propping it up, and there would have to be a pretty significant event in the world of credit & interest rates for the whole market downwards to compress to the point where they lose a lot. While there continues to be uncertainty around the world assets like these will continue to be attractive hedges. Waiting for that mythical RHD £120k 458 is only going to achieve one thing - missing another summer of sun, the likes of which we get very little of in this country, while others who decided that life is too short are out enjoying theirs.

Short version: The prices on these cars aren't going to change dramatically any time soon. They haven't changed for years.

Edited by Durzel on Friday 19th May 12:10
That is sort of my point, you have not had a brexit for years hence prices has not changed. We will have one now which will eventually led to a recession in the U.K and a loss of a lot of wealthy job /people moving out. Hence much higher risk today, although of course I hope I am wrong


acr_nick

960 posts

138 months

Friday 19th May 2017
quotequote all
Having bought a few cars in Europe and registered here in the uk it's not too complicated and there are people out there who will do it all. Collect, Iva, register and all you need to do is pick the car buy it and tell them where it is.

Having a lhd car gives you two markets to sell in where as rhd is only uk. Added bonus of being able to px a lhd Ferrari at any dealer in Europe if you want a newer car in 5 years.

If your worried about the purchase and inspection side of things there are plenty of main dealer cars to see in Europe.

PrancingHorses

2,714 posts

207 months

Saturday 20th May 2017
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Brexit or no Brexit...let's revisit this thread in 6 months and see where prices are at...why speculate. There have been so many such threads in the past and there has been no price "correction" as such.

https://www.pistonheads.com/gassing/topic.asp?h=0&...

https://www.pistonheads.com/gassing/topic.asp?h=0&...

https://www.pistonheads.com/gassing/topic.asp?h=0&...








Durzel

12,254 posts

168 months

Monday 22nd May 2017
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Funnily enough the seller of the car I linked to earlier has bumped the price up by £8k biggrin Obviously reading this thread...

BarryP

584 posts

144 months

Monday 22nd May 2017
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I bought my 458 in Dec. last year, when researching prices I found the same car was at the same dealers 1 year previously and had 2000 miles less mileage, it sold and then came back as a trade in for a Speciale, but the price was now £10k more expensive!