buying my first Ferrari - a 458 - tips
Discussion
CitySlicker said:
OP it's a buyer's market out there. If I were you I would find several examples which fit the bill (even if the asking price is beyond your budget) and do not be afraid to put in an offer significantly below asking and walk away when they refuse. There is very little liquidity in the market place and now we are approaching the end of the season so you can let them fester and in a couple of weeks I'm sure they will see a bad offer is better than no offer. Works particularly well if the car is on SOR with the dealer.
Good luck!
agree - i will certainly be pushing aggressively on the price! I have a part ex however, so i also need to consider this and getting the right price for that against the next car.Good luck!
nbot said:
Wow!!! i am extremely impressed by this intelligence! how on earth do you know all this!? ...
I collect data on Ferraris (not particularly price data although I do include that). Originally it was for the Owners' Club register of cars but I've just sort of carried on.jdwoodbury said:
So its been at the same dealer for 12 months, is that considered normal...seems a long time to sit on stock.
I don't think it is that abnormal. I have currently picked up 79 458 Italias listed for sale, of which 23 have been listed for 25 weeks or morejtremlett said:
don't think it is that abnormal. I have currently picked up 79 458 Italias listed for sale, of which 23 have been listed for 25 weeks or more
haha - i love it! keep up the good work - could i ask a very simple question, what is the official paint colour name for this Ferrari black? do they have different shades of black or just one?thanks
nbot said:
thanks very much - i was wondering where they got pearlescent from! haha
This particular car is Nero Daytona. I don't know about pearlescent but it does have little silver flakes in it whereas, IIRC, Nero Stellato has little gold flakes. There are and have been several Ferrari blacks over the years but Nero Daytona is a standard order colour.MingtheMerciless said:
I started out a long voyage looking for a cheap basic LHD with a rubbish spec if it was cheap enough. The basic car is so fundamentally awesome that none of the expensive tat they sell you makes a whit of a difference to the driving experience. Except maybe the leds and the seats. So if you can save £50k by having a high mileage LHD poverty spec 458 you will have essentially the same experience and can also buy an Atom and some secondhand luxobarge to cover off all bases.
I ended up after multiple scams and meeting the Mafia in Eastern Europe and having to get solicitors involved to get my deposit back from a certain garage of ill repute 9 months later buying a RHD one with carbon buckets, carbon inside everywhere, extra striping and stitching, kick plates, the upgrade JBL stereo (it even has a quite useless DVD player), camera, park distance (oh yeah actually that's useful), really quite lovely 20' upgrade wheels, shields (actually a must), sat nav, ipod, extra leather inside and perhaps more that I've forgotten.
The lesson, just go and bite the bullet and buy one you like with a warranty. Don't overthink it or take too long. If resale is important, buy an easy to sell colour with decent spec. If the experience is all, get a low spec yellow or silver lhd one (with a warranty). I actually wanted yellow even though the dealers will tut tut but the yellow lhd one I wanted to buy in Eastern Europe came with me in a hole in the ground.
hi there - just realised I didn't respond to this to say thank you for the valuable insight and sharing your experience. that was rude of me.I ended up after multiple scams and meeting the Mafia in Eastern Europe and having to get solicitors involved to get my deposit back from a certain garage of ill repute 9 months later buying a RHD one with carbon buckets, carbon inside everywhere, extra striping and stitching, kick plates, the upgrade JBL stereo (it even has a quite useless DVD player), camera, park distance (oh yeah actually that's useful), really quite lovely 20' upgrade wheels, shields (actually a must), sat nav, ipod, extra leather inside and perhaps more that I've forgotten.
The lesson, just go and bite the bullet and buy one you like with a warranty. Don't overthink it or take too long. If resale is important, buy an easy to sell colour with decent spec. If the experience is all, get a low spec yellow or silver lhd one (with a warranty). I actually wanted yellow even though the dealers will tut tut but the yellow lhd one I wanted to buy in Eastern Europe came with me in a hole in the ground.
jtremlett said:
nbot said:
thanks very much - i was wondering where they got pearlescent from! haha
This particular car is Nero Daytona. I don't know about pearlescent but it does have little silver flakes in it whereas, IIRC, Nero Stellato has little gold flakes. There are and have been several Ferrari blacks over the years but Nero Daytona is a standard order colour.Can I jump on the same thread as the title works.
I’ve also been looking at 458s in the 145-160k range and I’m wondering how negotiable prices are?
They don’t seem to turn over very fast and it’s the right time of year.
What would they have bought a car like this in for?
Would like to have a go at minimising depreciation if I can.
I’ve also been looking at 458s in the 145-160k range and I’m wondering how negotiable prices are?
They don’t seem to turn over very fast and it’s the right time of year.
What would they have bought a car like this in for?
Would like to have a go at minimising depreciation if I can.
bw1981 said:
Can I jump on the same thread as the title works.
I’ve also been looking at 458s in the 145-160k range and I’m wondering how negotiable prices are?
They don’t seem to turn over very fast and it’s the right time of year.
What would they have bought a car like this in for?
Would like to have a go at minimising depreciation if I can.
Several factors for both buyer and seller will influence achievable prices but for the short answer 10-20% off assuming the car is advertised along the trend line. And that’s for every single high volume performance/exotic car. Limited cars are the best route now if depreciation is a concern. Why not look at scuds or cs? I’ve also been looking at 458s in the 145-160k range and I’m wondering how negotiable prices are?
They don’t seem to turn over very fast and it’s the right time of year.
What would they have bought a car like this in for?
Would like to have a go at minimising depreciation if I can.
bw1981 said:
Thats surprising. Do you believe 10% is acheivable on a 458 advertised for £150k from a dealer.
Helps with the man math justification!
I think City Slicker's post is pretty close to what's going on in the market place right now..Its very much a buyers market and as a result we are way overdue for a downwards price correction in the very near future..All IMHO..Helps with the man math justification!
People have been prophesising a price correction for years now though. Granted it is somewhat inevitable, and a disorderly Brexit could make it more likely, but as far as I can make out 458 prices have been pretty much static for the past 2 years at least.
Imo you've got no chance getting 10% off a main dealer 458, at any time of the year.
Imo you've got no chance getting 10% off a main dealer 458, at any time of the year.
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