488 prices

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Discussion

RamboLambo

4,843 posts

170 months

Saturday 7th October 2017
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Turbo cab said:
I beg to differ but appreciate its subjective and a matter of personal opinion.

I picked up a brand new pre registered heavily optioned 488 back in February, after 4 months and 3.5k miles I decided that I was putting too many miles on it and needed another daily so picked up a 570s.

In my opinion the 570s was better in everyway bar speed - on a drag the 488 was about half a car length quicker however sorted by a remap - and this is a comparison against the near entry level McLaren and not the direct comparison ala 720s which apart from its subjective looks blows the door off the 488 in every single way.

Anyway after three weeks of 570s ownership and not even a desire to look at the 488 let alone drive it I subsequently disposed of it and sold it back to the supplying dealer.

I'm not saying the 488 was a bad car, I'm just in favour of the 570 and on paper it is the better car for less money. It even gets more attention if that's possible - people look at the 488 like your just another pompous fkwit drivkng a red Ferrari where as the McLaren is really admired and appreciated.
As a Ferrari owner and enthusiast sadly I have to agree with the above. The 488 looks better than the 458 and obviously goes better but they have lost the N/a V8 advantage they had over McLaren. Now they are taking them on head to head there is no comparison on the products. Set aside the badge, heritage etc... McLaren makes the better engineered product
The 488 closed the gap to 650S and the 720S just blows the Ferrari away again.
My F355 is an old, approaching classic car now and I miss my 430 Scuderia but I'm just not tempted by another Ferrari from todays offerings and have sought an alternative Italian for my next 2 incoming cars, N/A Lamborghini's.
Turbo charged cars are quick but I love the sound of a N/ A engine an no one does fun/drama/pantomime better than Lambo.
For me that leaves Ferrari in the middle ground, not as good as McLaren and not as fun as Lambo but as a safe investment its probably still the best place to put your money currently until the McLaren brand establishes itself more. Once McLaren sort their production numbers, dealer network and used car strategy out they will sweep up the market

RichV12

Original Poster:

102 posts

157 months

Saturday 7th October 2017
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Each to their own. If we all agreed, we’d all drive the same car, live in the same style houses, eat the same food, marry the same woman 😳 - and it would be a very boring world.

av185

18,514 posts

127 months

Saturday 7th October 2017
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Turbo cab said:
- people look at the 488 like your just another pompous fkwit drivkng a red Ferrari where as the McLaren is really admired and appreciated.
Unless the 570 is red too this could be an unfair comparison.

Most cars are colour sensitive in terms of good/bad attention and general levels of aggression from other motorists.

Turbo cab

1,601 posts

232 months

Saturday 7th October 2017
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TP321 said:
You were lucky that you preferred the 570 over the 488, as the McLaren dealer wouldn’t be at all interested in taking the 570 back..
God man get a life will you, constantly trolling the super car forum with your doom and gloom.

Like most of the other forum members and owners I've walked into with my eyes wide open and am fortunate enough to not give a flying fk about values and future buy backs. I enjoy these cars for the driving machines they are and not the appreciating assets which they are not.

GTrr

1,627 posts

282 months

Saturday 7th October 2017
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RamboLambo said:
As a Ferrari owner and enthusiast sadly I have to agree with the above. The 488 looks better than the 458 and obviously goes better but they have lost the N/a V8 advantage they had over McLaren. Now they are taking them on head to head there is no comparison on the products. Set aside the badge, heritage etc... McLaren makes the better engineered product
The 488 closed the gap to 650S and the 720S just blows the Ferrari away again.
My F355 is an old, approaching classic car now and I miss my 430 Scuderia but I'm just not tempted by another Ferrari from todays offerings and have sought an alternative Italian for my next 2 incoming cars, N/A Lamborghini's.
Turbo charged cars are quick but I love the sound of a N/ A engine an no one does fun/drama/pantomime better than Lambo.
For me that leaves Ferrari in the middle ground, not as good as McLaren and not as fun as Lambo but as a safe investment its probably still the best place to put your money currently until the McLaren brand establishes itself more. Once McLaren sort their production numbers, dealer network and used car strategy out they will sweep up the market
As a hardcore Ferrari fan I have to agree.
This summer I had my heart set on a 488 spider. Until I drove a 650s, and then a 650 Can Am, that sealed the deal. The 488 is a utterly wonderful car and I would chose it over a 458 but the Macs just blew me away. Luckily I still have my 599, N/A F V12 is still my dream car, but it is no where as good as the Can Am.


The Surveyor

7,576 posts

237 months

Tuesday 10th October 2017
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av185 said:
Turbo cab said:
- people look at the 488 like your just another pompous fkwit drivkng a red Ferrari where as the McLaren is really admired and appreciated.
Unless the 570 is red too this could be an unfair comparison.

Most cars are colour sensitive in terms of good/bad attention and general levels of aggression from other motorists.
I think the 'red Ferrari' comment was more a reference to the perception that it's the typical mid-life crisis purchase default choice for the aged non-thinker. For me, red would be the last colour to buy a Ferrari despite it's resale and heritage value, the styling is so much better defined with a Grigio mid-grey or TDF Blue metallic, and yellow is a much better colour is you want something bright and shouty IMHO.

Back on the 7% price hike, could they be moving everything up a rung to make space for a new affordable Ferrari at the 570s price level, a new 'Dino' perhaps to sit in the £150k price bracket. Or is this just an attempt to make the brand more exclusive, or even (God forbid) just a need for extra profit?

f1ten

2,161 posts

153 months

Tuesday 10th October 2017
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The price hike really is quite interesting. It comes at a time of highest production for Ferrari though. I'm guessing the portofino slips in to the most affordable slot.
Good news for 458 values I guess they will stay high.

dvb247

270 posts

198 months

Tuesday 10th October 2017
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Tested the 488 spider and GTB with a view to buying one but with this new price rise is not going to happen, the main issue I have beside the new price increase is the sound, last Friday I clocked one approaching me on a 30mph road so I hit the window switch and listened eagerly as it passed, it sounded like a Mondeo, just nothing, slight whisper of a hum, I new it wasn't good but that's pretty much sealed it for me. I've not checked but I have been told there are plenty of 488's sub 1k mile cars below list on sale now, that's the most cost effective way to go if you want a 488 imho
I'm sticking with my F430 V8 spider for now, big jump to a 458 these days so may add a V12 Ferrari in to my stable, or maybe something from Porsche/Lambo/McClaren

f1ten

2,161 posts

153 months

Wednesday 11th October 2017
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Noise is a let down which means f12 ?! 599 sounds amazing but is a bit large for Chucking around. 458 is superb and yes a 12c might be a bit faster but it's not as inspiring

GTrr

1,627 posts

282 months

Wednesday 11th October 2017
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I found the sound of the 488 I test drove quite good but it had the flaps always open. Overall a very impressive car, in terms of power and handling a step ahead of the 458 (which is rather subdued too at low revs, that's why I love my 599 which flaps open). But there are alternatives ...

LIVENT

196 posts

228 months

Wednesday 11th October 2017
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I am assuming my car which is due April 2018 will be subject to the rise even though I signed the final approval with all the options only a couple of weeks ago and am now waiting for a build date.

I assume I can't cancel the order now?

It's tempting to cancel and buy a 720 or Lambo instead just to stick 2 fingers up at Ferrari. To me 7% is taking the piss. I can afford it but that's not the point.

RichV12

Original Poster:

102 posts

157 months

Wednesday 11th October 2017
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LIVENT said:
I am assuming my car which is due April 2018 will be subject to the rise even though I signed the final approval with all the options only a couple of weeks ago and am now waiting for a build date.

I assume I can't cancel the order now?

It's tempting to cancel and buy a 720 or Lambo instead just to stick 2 fingers up at Ferrari. To me 7% is taking the piss. I can afford it but that's not the point.
You have 14 days I believe from being notified of the price increase, but yes your car will be subject to the increase in price.

The Surveyor

7,576 posts

237 months

Wednesday 11th October 2017
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RichV12 said:
LIVENT said:
I am assuming my car which is due April 2018 will be subject to the rise even though I signed the final approval with all the options only a couple of weeks ago and am now waiting for a build date.

I assume I can't cancel the order now?

It's tempting to cancel and buy a 720 or Lambo instead just to stick 2 fingers up at Ferrari. To me 7% is taking the piss. I can afford it but that's not the point.
You have 14 days I believe from being notified of the price increase, but yes your car will be subject to the increase in price.
Sadly they know you have chosen the Ferrari because its a Ferrari you want, and that very few people will actually jump-ship and cancel their order, tempting as it sounds.

Would you be allowed to knock off a few of the less vital options to bring the price back in line with it's original price within the 14 day period? You still get your new Ferrari at the price you originally wanted to spend, they lose their huge profit on some expensive options!

LIVENT

196 posts

228 months

Wednesday 11th October 2017
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Thanks for the feedback guys, the dealer has not contacted me yet, when they do I am going to see if I can get the order expedited to this year which was the original plan, I put it back because I am out of the country most of the winter working. Its probably very unlikely to happen now though.

As for wanting a Ferrari? well yes I do want one but to put 7% on the price after I have signed the order to build has made me think twice. I also ordered before the 720 had been released. I may go drive one now.

martisracing

211 posts

189 months

Wednesday 11th October 2017
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I do not know when the last price increase was but considering the pound has lost around 15% against the euro since 2016 when the Brexit fiasco started I am not really surprised. Buying British will not help long term as so many of the parts in a British assembled car come from the EU or further afield and sooner or later they will have to pass these increases on as well. You have the Brexit voters to thank for this not really Ferraris fault.

WDISMYL

235 posts

87 months

Wednesday 11th October 2017
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martisracing said:
I do not know when the last price increase was but considering the pound has lost around 15% against the euro since 2016 when the Brexit fiasco started I am not really surprised. Buying British will not help long term as so many of the parts in a British assembled car come from the EU or further afield and sooner or later they will have to pass these increases on as well. You have the Brexit voters to thank for this not really Ferraris fault.
And yet the Euro was stronger in 2008 relative to the pound compared to current levels.

Please don't bring ignorant, political cliche statements to the forum. There are many macro economic reasons that could be argued well before the referendum that the pound was over valued against many currencies. And in fact our economy desperately needed a devaluation to re-balance it.The referendum may have been a catalyst to provoke the move but your argument is weak and facile.

Try not to believe everything your MSM feeds you. Read around the subject and educate yourself before throwing out infantile comments.

And by the way it was a Global price increase.


MingtheMerciless

420 posts

209 months

Wednesday 11th October 2017
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Is that not a bit harsh? It's difficult looking from outside the UK not to see Brexit as a fiasco so far. Which is a shame, because I personally would wish for it to be a success. If that is what you are objecting to? And the rest of that post was no worse than many others but maybe he just pushed some button of yours? It's only the internet anyway.

Anyway, back to the price increase I had just decided not to push the button on a 488 before the price increase because (with our import tax situation) I would have to keep it in the UK or swallow a price which is effectively twice what my 458 cost me. And the 488 simply isn't anything like twice as good. In many ways it is better and appreciably so (steering, track use, side slip control) and in some ways it is simply not as good (looks, sound, lack of the final 1000rpm, perhaps even too fast for rational road use). Those are just my views, all very subjective of course after a number of test drives and a couple of days at Fiorano doing the Pilota course. I formed great admiration for the 488 particularly on track but not so much love. Again, I don't want to offend anyone's p&j, those are only my views which operate for me, it is perfectly rational to love the 488 more and prefer it utterly also.

So anyway, the price increase just added nail in that coffin.

I'm now considering going "backwards" to maybe a Scud, or maybe I'll get lucky with a Speciale or else I'll bite the bullet on a 488 GTO if I'm among the favoured few or else I'll just slum it in my $hitbox starship mileage 458 until the replacement for the 488 comes out. Or maybe I'll look at the Performante or even the mid engined Porsche, for which my name is on a list and who knows what might happen there.

But it won't be a 488 for me.

blueSL

614 posts

226 months

Thursday 12th October 2017
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In the finish, I have cut £15k of options from my car, all carbon fibre, which has brought the cost down below what it was before the price rise, I think to the slight annoyance of the salesman.

The carbon would have been nice but it’s insanely expensive. Yes, I could have afforded it - you don’t spend your last £225k on a Ferrari - but I think it’s right not to just accept the rise.

The whole purchasing process has been a pretty miserable experience to be honest. I was turned away from the museum in Maranello in May because of the imminent arrival of a VIP and my proof of order was met with an Italian shrug of the shoulders.

I’m rather more excited about the arrival of a second GT3 in my garage which will make a much better noise as it revs to 9000.

If I was able to cancel the order without penalty, I probably would.

LIVENT

196 posts

228 months

Thursday 12th October 2017
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blueSL said:
In the finish, I have cut £15k of options from my car, all carbon fibre, which has brought the cost down below what it was before the price rise, I think to the slight annoyance of the salesman.

The carbon would have been nice but it’s insanely expensive. Yes, I could have afforded it - you don’t spend your last £225k on a Ferrari - but I think it’s right not to just accept the rise.

The whole purchasing process has been a pretty miserable experience to be honest. I was turned away from the museum in Maranello in May because of the imminent arrival of a VIP and my proof of order was met with an Italian shrug of the shoulders.

I’m rather more excited about the arrival of a second GT3 in my garage which will make a much better noise as it revs to 9000.

If I was able to cancel the order without penalty, I probably would.
I am not 100% sure what I am going to do yet. You are obviously more afluate than me as I can only afford 1 super car right now.

It is tempting to reduce the spec, I think the exterior carbon may go. I am more pissed off that originally my delivery date was going to be pre Jan 18, but I decided to go post Jan 18 because of being out of the country with work.

I am with you, this is by no means my last 225k but it is a lot of money. The increase is the same as a brand new Ducati or a bloody nice holiday for 2 somewhere exotic. I do feel some sort of protest (No matter how small or insignificant) is needed.

Tried to call my dealer yesterday with no luck. They have not informed me yet. I will be calling again today.

WCZ

10,526 posts

194 months

Thursday 12th October 2017
quotequote all
blueSL said:
In the finish, I have cut £15k of options from my car, all carbon fibre, which has brought the cost down below what it was before the price rise, I think to the slight annoyance of the salesman.

The carbon would have been nice but it’s insanely expensive. Yes, I could have afforded it - you don’t spend your last £225k on a Ferrari - but I think it’s right not to just accept the rise.

The whole purchasing process has been a pretty miserable experience to be honest. I was turned away from the museum in Maranello in May because of the imminent arrival of a VIP and my proof of order was met with an Italian shrug of the shoulders.

I’m rather more excited about the arrival of a second GT3 in my garage which will make a much better noise as it revs to 9000.

If I was able to cancel the order without penalty, I probably would.
yep that sounds like Ferrari in 2017, buy loads of cars or great treated very 'meh'.