Pista's selling over list

Pista's selling over list

Author
Discussion

rosino

1,200 posts

116 months

Wednesday 31st July
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PrancingHorses said:
The issue with that is that Ferrari give a flying fk lol

Too many people with too much money buying in to V8s and V12s to get in to their Halo Cars. If you go elsewhere they don't really care.

I have a friend who has to buy every single model released - in the last 24 months he had a Portofino, 488, 488 spider x2 (sold at a premium via the same dealer), 812 Superfast (sold at a dealer with premium), and GT Lusso which he took a bath of £35k on. So it's a juggling game - win some lose some but in the end he got a Pista - again now sold via the dealer at a premium and is about to take delivery of a Pista Spider.

It's a fking dirty game!

He does the same with Porsche too and it's now come to a stage with them where if they have a car they can't shift (recently bought a £100k Cayenne Turbo from them) he buys it off them and sells it back to them - what does he get - a 911 GT2 rs, GT3 rs, Xclusive Edition Turbo and also the new speedster - all cars that he will drive for a bit and sell on for a huge profit via the dealer.

It's a win win for everyone. As I said - a dirty game but one that is very rife within industry.

The only brands he does not buy in to is Lamborghini and Mclaren as he says he always "takes a bath" come resale time on those. The good thing though is that he is always in the most desirable car and makes money at the same time but his capital outlay is huge. OK if you have the cash or can afford multiple monthly PCP payments I guess.





Edited by PrancingHorses on Thursday 25th July 09:40
BTW this really happens. Was called by an OPC recently to buy one of their unsellable Panamera Turismo Turbo with dubious spec and if I bought the car (130k with 30k of sure depreciation embedded the moment you drove it) then I would get a "guaranteed" slot for the next GT3 RS.

So it's really tit for tat. Otherwise known as inducement in my industry..

It's reached a level where it's just idiotic.

1. Raise prices until you have better equilibrium offer/demand
2. Raise volume to better satisfy demand (at least in case of Porsche)
3. Can't be that hard to monitor the cars and make sure they are not flipped
4. FFS stop selling the cars to youtubers with a target audience of 10yr olds.

Durzel

7,655 posts

112 months

Thursday 1st August
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It is rather surreal that in the rarefied atmosphere of special edition buying you're expected to not only buy cars you don't need, but also to line the pockets of the supplier dealer by selling it back to them.

So they double dip on the cars you buy, that you only bought so you could get a chance to buy the ones you're actually interested in.

RSbandit

677 posts

76 months

Thursday 1st August
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It always amazes me the games people are prepared to play to get the newest shiniest Ferrari or Porsche, rather than buying the 5-10 cars you don't really want just pay overs on the one you do surely that's a better proposition.

mikiec

67 posts

30 months

Thursday 1st August
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Who is making the call on allocation, is it Ferrari or the dealer? If the dealer are you better to find another going forward?

PrancingHorses

2,191 posts

151 months

Thursday 1st August
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RSbandit said:
It always amazes me the games people are prepared to play to get the newest shiniest Ferrari or Porsche, rather than buying the 5-10 cars you don't really want just pay overs on the one you do surely that's a better proposition.
Urm not really if you are buying a Pista for £275k and getting £350k back from a dealer or a GT2RS at £230k but getting £400k back from a dealer. As for the Speedster not sure what profit he will be making on that one but it will be HUGE. I know he earned nearly £300k on a 918 back in the day.

MDL111

3,666 posts

121 months

Thursday 1st August
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mikiec said:
Who is making the call on allocation, is it Ferrari or the dealer? If the dealer are you better to find another going forward?
As I understand, it depends on the car - in the past Ferrari got only involved in the numbers limited cars (and they have their points system).

PrancingHorses

2,191 posts

151 months

Thursday 1st August
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MDL111 said:
As I understand, it depends on the car - in the past Ferrari got only involved in the numbers limited cars (and they have their points system).
With Ferrari its the factory but buying history determine's this and dealers do apparently have a very small say in things. With Porsche it's the dealers as they get allocation and can decide who gets the cars.

ajr550

432 posts

68 months

Thursday 1st August
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As a general rule if someone tells you what they have made, halve it, if they tell you what they owe, double it.
I have found this to be true over many years.

PrancingHorses

2,191 posts

151 months

Thursday 1st August
quotequote all
ajr550 said:
As a general rule if someone tells you what they have made, halve it, if they tell you what they owe, double it.
I have found this to be true over many years.
You make sense however prices on Autotrader/ebay/pistonheads is there to be seen. Special editions always fetch way over list and some much more so than others (918, F12 TDF for e.g) smile

ajr550

432 posts

68 months

Thursday 1st August
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PrancingHorses said:
You make sense however prices on Autotrader/ebay/pistonheads is there to be seen. Special editions always fetch way over list and some much more so than others (918, F12 TDF for e.g) smile
Those are not sold prices though.

PrancingHorses

2,191 posts

151 months

Thursday 1st August
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ajr550 said:
Those are not sold prices though.
Find me either of my examples (F12 TDF, 918) at £50k above list price today and I’ll bite your hand off wink

Edited by PrancingHorses on Thursday 1st August 20:36

DeltaOne

526 posts

157 months

Thursday 1st August
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PrancingHorses said:
Find me either of my examples at £50k above list price today and I’ll bite your hand off wink
Friend offered a Pista this week, good colour, physical UK car, delivery miles, list plus 30. Month ago same car offered by same independent at list plus 50.

Durzel

7,655 posts

112 months

Thursday 1st August
quotequote all
PrancingHorses said:
Urm not really if you are buying a Pista for £275k and getting £350k back from a dealer or a GT2RS at £230k but getting £400k back from a dealer. As for the Speedster not sure what profit he will be making on that one but it will be HUGE. I know he earned nearly £300k on a 918 back in the day.
Aren't you obliged to offer it back to the dealer at list or below for the first year of ownership? I had assumed there was still contractual agreements for buying these cars...

Obviously you can sell it elsewhere but should Ferrari find out that might well scupper your chances of getting a special edition in the future.

DeltaOne

526 posts

157 months

Thursday 1st August
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Durzel said:
Aren't you obliged to offer it back to the dealer at list or below for the first year of ownership? I had assumed there was still contractual agreements for buying these cars...

Obviously you can sell it elsewhere but should Ferrari find out that might well scupper your chances of getting a special edition in the future.
Rarely but in some cases yes. My contract for Icona models, starting with Monza, is that I have to offer it back to the dealer for 18 months for example, but have never been asked to on limited but more normal cars. Dealers do however get fined by the factory if cars appear in independents etc, and yeah no chance of flippers getting another even vaguely special car.




MDL111

3,666 posts

121 months

Thursday 1st August
quotequote all
PrancingHorses said:
With Ferrari its the factory but buying history determine's this and dealers do apparently have a very small say in things. With Porsche it's the dealers as they get allocation and can decide who gets the cars.
I could have just ordered a Speciale towards the end of the run, but that was pre-craziness. Now it indeed is Ferrari deciding
Given how many cars they churn out, I wouldn’t be surprised though if you can order the non-numbers limited cars towards the end of the run again - market is changing
Am sure ordering an SF90 and a Lusso with a decent spec will put you in favor with F

PrancingHorses

2,191 posts

151 months

Thursday 1st August
quotequote all
Durzel said:
Aren't you obliged to offer it back to the dealer at list or below for the first year of ownership? I had assumed there was still contractual agreements for buying these cars...

Obviously you can sell it elsewhere but should Ferrari find out that might well scupper your chances of getting a special edition in the future.
He is using the same dealers to SOR the special edition cars not selling them back to them) he earns, they earn...as I said earlier its a dirty game. They are allowed to sell cars above list as long as they don't own the car. The Ferrari dealers don't openly advertise the cars so they don't appear on AT or Pistonheads but they do sell via phonecalls and emails to those who they think can buy these cars. Dick Lovett Currently have a Pista for sale for £385k but its not being advertised anywhere.


Edited by PrancingHorses on Thursday 1st August 20:38

PrancingHorses

2,191 posts

151 months

Thursday 1st August
quotequote all
DeltaOne said:
Friend offered a Pista this week, good colour, physical UK car, delivery miles, list plus 30. Month ago same car offered by same independent at list plus 50.
Not surprised - see what I said above - many are cancelling Pista allocations to get in to an F8 Tributo.

mhh

1,460 posts

186 months

Saturday 3rd August
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Looking for an excuse to post a pic of my new Pista - this thread will do. tongue out

I owned a Speciale for 5 years and sold it as the miles were getting uppish. Liked it a lot but didn’t love it enough to keep it along side the new model. Early days (one week) but I like the Pista more so far . The torque is lovely and the tone of the exhaust is actually mostly nicer than the Speciale to my ears. Here in Australia the very few Pistas in the market are allegedly making a premium but why would you bother selling after waiting so long for it? I bought it to drive it.




MDL111

3,666 posts

121 months

Saturday 3rd August
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Do you also have cars with the plates 1-3 and 5-17 (can't decipher if it is a 16 or a 18 on the 911R)? smile
Congrats, I have seen a few Pistas now and they certainly have road presence and are bloody fast

mhh

1,460 posts

186 months

Saturday 3rd August
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MDL111 said:
Do you also have cars with the plates 1-3 and 5-17 (can't decipher if it is a 16 or a 18 on the 911R)? smile
I’ve got 3, 6, 17 and 18 (in the pic). Sadly, not 1. smile