Are 458 prices on the way up?

Are 458 prices on the way up?

Author
Discussion

RamboLambo

4,843 posts

169 months

Sunday 17th June 2018
quotequote all
Erudite geezer said:
If 458 Italia's start from the 140/150 k region, I find it remarkable that you can get a McLaren 12C from around 80/ 90k.

2 very different approaches to the mid-engined V8 supercar genre, but the McLaren looks excellent value compared to the brilliant 458.
McLarens are way more car for your money. With Ferrari you have to pay for the prancing horse premium. Until the McLaren Brand strengthens and demand increases 2nd hand values will always be an issue not the quality of the product itself.

Bag yourself a bargain as early low volume cars will become future classics as its the fastest growing supercar brand out there

Jules360

1,949 posts

201 months

Sunday 17th June 2018
quotequote all
Hasn't NA not recently superseded a carbon tub as the most important aspect of SUPERcar ownership ? If so, that may go some way to explain the Ferrari "premium", as you call it. Along with 7 years' free servicing and an army of indies that will do a decent job if something breaks and not charge you to replace an entire gearbox if it leaks, for example.

Keep telling yourself that "brand awareness", whatever that is, will suddenly happen and your car will be worth something close to a similar vintage 458. But I wouldn't hold your breath if I were you.

Wilmslowboy

4,189 posts

205 months

Sunday 17th June 2018
quotequote all

Difference in a like for like 458 and Mclaren is now HUGE.

I'm in the process of closing the deal on mine (selling) the cheapest like for like 458 on AT is £60k (or 45% more) than mine is going to sell for.







MrVert

4,394 posts

238 months

Sunday 17th June 2018
quotequote all
RamboLambo said:
Erudite geezer said:
If 458 Italia's start from the 140/150 k region, I find it remarkable that you can get a McLaren 12C from around 80/ 90k.

2 very different approaches to the mid-engined V8 supercar genre, but the McLaren looks excellent value compared to the brilliant 458.
McLarens are way more car for your money. With Ferrari you have to pay for the prancing horse premium. Until the McLaren Brand strengthens and demand increases 2nd hand values will always be an issue not the quality of the product itself.

Bag yourself a bargain as early low volume cars will become future classics as its the fastest growing supercar brand out there
A 12C could well bottom out at £80k within a year or two IMO.

A 458 with similar miles will always be that +£50k.

Ownership costs will be lower for the Ferrari, especially when you factor in warranty and servicing, let alone depreciation if buying now.

Apart from costs, the 458 has way more appeal than a 12C for most people looking to buy IMO.

Even if you put a 650C against a 458 Italia....costs + emotion would see most in a 458.

Tried a 12C and a 650 Coupe....yep very accomplished but sorry, left me cold.


Durzel

12,232 posts

167 months

Sunday 17th June 2018
quotequote all
Any day now the market will wake up and realise McLarens are superior.

Any day now, mark my words.

What do you mean it's been 4 years and nothing has changed??

PrancingHorses

2,714 posts

206 months

Sunday 17th June 2018
quotequote all
The 458 is fking EPIC - period.

I am usually out of car's within 6-10 months max but I have kept this one over 2 years now and can't think of anything to replace it with. Tried a 488 - felt too refined and hated the sound. Tried the Huracan and even though I liked it a lot it did not win my heart like the 458 did.

Positive attention everywhere you go and is always appreciated. At this price point it's the best bit of supercar one can by spin

ferdi p

1,519 posts

171 months

Sunday 17th June 2018
quotequote all
PrancingHorses said:
The 458 is fking EPIC - period.

I am usually out of car's within 6-10 months max but I have kept this one over 2 years now and can't think of anything to replace it with. Tried a 488 - felt too refined and hated the sound. Tried the Huracan and even though I liked it a lot it did not win my heart like the 458 did.

Positive attention everywhere you go and is always appreciated. At this price point it's the best bit of supercar one can by spin
Thank God that we're all different then!

I wouldn't swap my 650 Spider for a 458 (coupe or spider) EVER!

Mind you, I couldn't anyway as my Mac is worth sod all unfortunately. Hoping to move into a 720 or 488 later this year so I best get saving!

rich12

Original Poster:

3,461 posts

153 months

Sunday 17th June 2018
quotequote all
Yay! Another ferrari/McLaren debate.
As much as I don't car for McLaren as a brand, I'll openly admit that I much prefer driving our 570s than our 488.
For the money, the McLaren is as good as if not slightly better than the 488 and Huracan for driving.

RamboLambo

4,843 posts

169 months

Sunday 17th June 2018
quotequote all
ferdi p said:
Thank God that we're all different then!

{b}I wouldn't swap my 650 Spider for a 458 (coupe or spider) EVER! [/b]

Mind you, I couldn't anyway as my Mac is worth sod all unfortunately. Hoping to move into a 720 or 488 later this year so I best get saving!
Nor would I
458 has been helped by being the last Naturally Aspirated V8 from Ferrari and that has been lost going forward starting with the 488
The McLaren product is superior even if the brand is nowhere near as strong. The McLaren is worth the extra cost to run IMHO but its not a short term investment.
If your worried about £50k buy a Ferrari but if you want a cutting edge precision car buy a McLaren where you are not just paying for the badge.

With McLaren conquesting customers left right and centre at least its keeping the Italians honest and on their toes.

Shame the naturally aspirated engine is a dying breed as IMHO you can't beat a big N/A engine in a SUPERcar and they don't come any better than Lambo's V10 Huracan PERFORMANTE

JohnG123

622 posts

129 months

Sunday 17th June 2018
quotequote all
RamboLambo said:
Nor would I
458 has been helped by being the last Naturally Aspirated V8 from Ferrari and that has been lost going forward starting with the 488
The McLaren product is superior even if the brand is nowhere near as strong. The McLaren is worth the extra cost to run IMHO but its not a short term investment.
If your worried about £50k buy a Ferrari but if you want a cutting edge precision car buy a McLaren where you are not just paying for the badge.

With McLaren conquesting customers left right and centre at least its keeping the Italians honest and on their toes.


Shame the naturally aspirated engine is a dying breed as IMHO you can't beat a big N/A engine in a SUPERcar and they don't come any better than Lambo's V10 Huracan PERFORMANTE
Same old record just what I needed to send me to sleep...... night night ...

WCZ

10,492 posts

193 months

Monday 18th June 2018
quotequote all
PrancingHorses said:
The 458 is fking EPIC - period.

I am usually out of car's within 6-10 months max but I have kept this one over 2 years now and can't think of anything to replace it with. Tried a 488 - felt too refined and hated the sound. Tried the Huracan and even though I liked it a lot it did not win my heart like the 458 did.

Positive attention everywhere you go and is always appreciated. At this price point it's the best bit of supercar one can by spin
most people I know only sold their 458's to get a 488 solely because they were told they needed to for a chance of getting a pista !

dazmanultra

428 posts

91 months

Monday 18th June 2018
quotequote all
Almost a year ago today I bought a 650S spider because for the same money I would only have got an older/more miley 458... In financial terms, a big mistake, I would only have lost a small amount had I gone for the Ferrari option, but in car terms, the 650S is the better car for me (but obviously that's massively subjective). It does seem a shame to touch on depreciation/running costs with almost every 'supercar' thread, but if you were given the option of having a car for 1-2 years and it basically just costing you a minimal amount plus consumables, that's got to be a win, hasn't it?

PrancingHorses

2,714 posts

206 months

Monday 18th June 2018
quotequote all
What cracks me up is that on every post talking about Ferrari's in a Ferrari section the Mclaren boys jump in and start going on about their cars.

Mclaren's look nice to me to look at and they drive fairly well too but I could not live with the interiors personally.

Not seen many threads where the Ferrari owners jump in to the Mclaren forums to start going on about their cars being better blah blah blah...

It's all getting a bit boring now.....

Durzel

12,232 posts

167 months

Monday 18th June 2018
quotequote all
I sold my 458 Italia a couple of years ago now, for more than I paid, and it sold again shortly afterwards for more again via the main dealer. It was an above average spec in the all important resale red.

In that 2 years as far as I can tell prices haven't moved. I couldn't even get back into the same car now (believe me, I've considered it).

Pretty gutting really, as I didn't need to sell it at the time but it felt like the right time, it was just pre-Brexit vote and logic dictated prices couldn't stay they way they have indefinitely. Sadly, I was wrong.

It seems pretty clear to me that if one can get into a 458 then you could probably have a year of depreciation free motoring, even now.

RamboLambo

4,843 posts

169 months

Monday 18th June 2018
quotequote all
Durzel said:
I sold my 458 Italia a couple of years ago now, for more than I paid, and it sold again shortly afterwards for more again via the main dealer. It was an above average spec in the all important resale red.

In that 2 years as far as I can tell prices haven't moved. I couldn't even get back into the same car now (believe me, I've considered it).

Pretty gutting really, as I didn't need to sell it at the time but it felt like the right time, it was just pre-Brexit vote and logic dictated prices couldn't stay they way they have indefinitely. Sadly, I was wrong.

It seems pretty clear to me that if one can get into a 458 then you could probably have a year of depreciation free motoring, even now.
Your probably right about relatively cheap motoring but I still wouldn't choose to do so as I expect and budget to lose money on my supercars and therefore purely choose it for car and not financial reasons.
458 is quite old now and with so many new offerings in the market there price which has held up well over the last 4 years has got to start to weaken and don't forget the dealers take a huge chunk of margin out of the asking price so Retail advertised prices to trade offered prices is a massive difference

Durzel

12,232 posts

167 months

Monday 18th June 2018
quotequote all
Don't get me wrong, when I bought it I had assumed I would lose £20k+. I had made peace with that.

When I sold it I was at the time pretty sure that prices were due to start coming down, with the 488 starting to appear in earnest. In retrospect I think I could've probably had at least another year of ownership and still been offered the same amount by the main dealer to sell.

Ferrari seem to massage the market very well. It is an amazing car but in simplistic terms we have 8 year old 458s and even older F430s going up in value, or staying where they are. Time seems to have no real effect on them. Whilst you are right that the 458 is old now, the fact that the 488 is polarising to a lot of people should see it in good stead. Age doesn't seem to radically affect F430 prices, either.

Where I think we differ is that - now - I think this is likely to remain the case, simply because as things get ever more crazy in the world, the more people retreat into things like this as hedges against global chaos. The only thing I can see realistically changing this is big interest rate hikes - which would probably cause massive default rates, or a war.

Edited by Durzel on Monday 18th June 17:27

theplumber

284 posts

145 months

Tuesday 19th June 2018
quotequote all
I bought my 2012 458 intending to only keep it for a year or so and expecting to lose 25k+ but here I am 5 years later and cannot bear to part with it..

I spent ages for the right one (carbon seats, carbon driver zone, diamond cut wheels, lift etc) then one came up at 155k so I agreed a deal the same day over the phone. As much as it’s nice to see the values holding up to me that’s irrelevant as I can’t ever see myself selling it, it’s an epic drive and a future classic. A 488 is faster but in my opinion not better.

As for the mclaren comparisons, I wish my 570 spider was as reliable in the first 5 weeks of ownership as the 458 has been in 5 years. The 570 is an amazing bit of kit it’s just not a 458!

Edited by theplumber on Tuesday 19th June 22:57

Durzel

12,232 posts

167 months

Wednesday 20th June 2018
quotequote all
Crazy to think that your 2012 car that you paid £155k for back in 2012 is worth more than that today. smile Icing on the cake!

rich12

Original Poster:

3,461 posts

153 months

Wednesday 20th June 2018
quotequote all
Durzel said:
Crazy to think that your 2012 car that you paid £155k for back in 2012 is worth more than that today. smile Icing on the cake!
2013 I think he bought it but still, I agree.

PrancingHorses

2,714 posts

206 months

Wednesday 20th June 2018
quotequote all
if you look at the number of 458 Italia's and Spiders vs the number of 488 GTBs and Spiders for sale on pistonheads the difference is only 30 odd cars!

The 488 is only a few years old where as the 458 is now 8 years old - say's a lot in terms of residuals IMHO wink