458 Values - again

458 Values - again

Author
Discussion

BlueIn2Red

306 posts

162 months

Tuesday 31st December 2019
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I'm a "real owner" and for me the 458 is the better car, which is why I own one, and haven't moved to a 488. Those that did decide to go to a 488 are hardly likely to say the 458 is a better car, because it would make their decision look rather stupid!

willy wombat

450 posts

103 months

Tuesday 31st December 2019
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I am also a real owner (458 Spider). When the 488 Spider was launched, if I’d wanted to switch to it the cost would have been my 458 as a p/e plus £80 to 100 k depending on how much spec I put on it. Now if I wanted to change it would be close to a straight swap. In terms of future values, I think the “remainder of the service plan” mentioned above is a red herring as in few years time neither 458 nor 488 will have a service plan remaining. If I had to bet, I think in ten years time the 458 will be worth more then the 488 due to a combination of natural aspiration and the F8 effect but as I said in an earlier post, no one knows.

Gibbo205

2,294 posts

162 months

Tuesday 31st December 2019
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Maybe I’m a bit different than some on here who rate 488 as better car.

When I got the 458 I’d also driven 488, Hurracans, GT3’s and Mclarens.

Mclarens were written off due to terrible residuals and sounding woeful in comparison to other cars.

GT3 written on simply because owned a 911 previously otherwise a 991.1 GT3 RS was mega tempting.

Huracan was all shouty but not a great drive and though Performante was a much better drive and a ballistic missile I felt 210k was stretching my budget and I felt it was a risk and I’m glad I did not go there as similar cars are now being advertised sub 170k.

I drove the 488 and I’d argue if you want a Ferrari as a daily then it’s actually is indeed a better car than a 458 and yes it’s a far faster and more planted car than a 458, so yep in short the 488 is a better car and I could have had one for only an extra 20-30k.

Yet the 458 won my heart the sound was only rivalled by the Huracan but I just love how engaging, exciting and thrilling it is even at legal speeds.

If performance and ability was my only interest I’d just buy a Tesla or a tuned GTR but I wanted something that felt truly special but could also do the daily chore and the 458 just did it for me and yes technically a 488 is better but not for me and I did look at F430’s as they have always being my dream car but the 458 blew me away and felt as special, yet progressing into the 488 did not blow me away like 430 to 458 did, for me I drove 488 thinking wow but then I was Instantly missing the shrill and harmonics of the 458 and how it felt more engaging and edgy at legal speeds.

We all like different things and no one knows the future but I believe in ten years time a 458 will have more value than an equal spec 488 and maybe even F8 but only time will tell.

The 458 can’t be replaced by a better model as it’s the only car with that engine along with Speciale. Whereas 488, F8 and many other models all share the 3.9l TT unit and no doubt more cars to come and that will push 488 values much lower yet for sure but time will tell and in the meantime we can all thoroughly enjoy driving whatever amazing Ferrari we currently own as they are all superb cars. smile

dereksharpuk

Original Poster:

88 posts

123 months

Wednesday 1st January
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It is rather interesting that dealers tell us that the value of our cars drop every month, yet what they have for sale stays at the same price for months & months smile

willy wombat

450 posts

103 months

Wednesday 1st January
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I think a lot of dealers are thinking (hoping?}, now Brexit is decided, even though there is much to be sorted, that the market will improve.

cgt2

1,620 posts

143 months

Wednesday 1st January
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And remember that outside of the franchised network (and increasingly even within) most of the cars are SOR. I suspect if independents had their own funds invested sitting there in the showroom month after month their pricing would be somewhat different.

MingtheMerciless

324 posts

164 months

Wednesday 1st January
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I have a starship mileage unsaleable shed of a 2010 458 with 33k miles but everything I want - race seats, carbon interior bits, JBL stereo, forged wheels, shields, nice stripes in the leather and a whole bunch of other things but those are the main things for me. I have driven 488s including at Fiorano and while I agree with most of the comments above, I think the 488 is a much better track car. Also, the 488 Spider with the little back window that can be lowered does narrow the gap with the 458 in aural terms. I would leave that open all the time. I was offered only £100k when I was considering trading it in for a 488 Spider in 2018 (with 30k miles). I don't see it as any form of appreciating asset and I may keep it forever (it's exactly the 458 I'd spec if bought new) as the incremental advantage of a 488 is minimal or if the stars align, I might chop it in for an F8 Spider. I think anyone who buys their car to drive it will be relatively unconcerned about any prospect of appreciation. I think anyone who doesn't should also consider other asset classes which are more conventional. If you had put F430 money into a Dow tracker fund a year ago it could be 458 money.

tempt8

43 posts

7 months

Wednesday 1st January
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MingtheMerciless said:
I have a starship mileage unsaleable shed of a 2010 458 with 33k miles.
That’s hardly high miles. I’m currently looking at buying one that’s done 80k miles! Maybe I should leave it lol.

Durzel

8,815 posts

123 months

Wednesday 1st January
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In reality the car is capable of doing those miles no problem, like a normal car. I think Ming was being a bit facetious with his comment, but it is a factor in resale value.

Seems to be a UK thing too - wanting a virgin girlfriend who is amazing in bed.

PrancingHorses

2,624 posts

162 months

Thursday 2nd January
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BlueIn2Red said:
I'm a "real owner" and for me the 458 is the better car, which is why I own one, and haven't moved to a 488. Those that did decide to go to a 488 are hardly likely to say the 458 is a better car, because it would make their decision look rather stupid!
That's s bizarre comment IMHO as i don't think anyone would lie about which is a better car when they have had and can afford both! By the way, I never moved to a 488 as I always thought the 458 was a better car too!

BlueIn2Red

306 posts

162 months

Thursday 2nd January
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PrancingHorses said:
That's s bizarre comment IMHO as i don't think anyone would lie about which is a better car when they have had and can afford both! By the way, I never moved to a 488 as I always thought the 458 was a better car too!
You misunderstood me - I’m not saying they’re lying, but that clearly they think the 488 is better, which is why they made the choice they did. Your point was that all the owners of 488s you’d spoken to said the 488 was the better car - of course they would say that, because it’s subjective, and everybody buys the car they want. I’m just saying that there are people like me who prefer the 458, and own one - you said that only people on the internet prefer the 458, not “real owners” ... you’re not correct in saying that.

Taaaaang

5,151 posts

141 months

Thursday 2nd January
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I daily'd a 458 for a year and 8k miles last year.

Sold it in May of 19 for 10k less than I paid for it.

I think I got out at the right time as the market seems to have softened since.

The 488 is a better car in every way other than the sound. I don't know how anyone that has driven them both extensively could argue with that really.

MingtheMerciless

324 posts

164 months

Thursday 2nd January
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It's a subjective thing.

The 488 is objectively a much better car. No-one can really deny that. However, in the 458 you get to wring it out gloriously for another 1000 rpm. In the 488 you just short shift as there is no benefit or point and you keep running into the redline if you don't - this also impacts on the potential the engine/exhaust has to work with for aural drama, as well as it actually not doing as good a job to make it fun. You make dramatically more progress (not always good) with dramatically less drama (not always bad).

So rather than chopping my 458 in to get a better and more expensive to run track car which in my subjective opinion (and if you disagree based on your experience, you know what, you are right) is a bit less fun, I ordered an Atom 4.

Edited by MingtheMerciless on Friday 3rd January 10:26

Rari

61 posts

150 months

Friday 3rd January
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This is the cheapest Speciale I’ve seen in RHD. If it only it was in red or blue for me.

https://www.pistonheads.com/classifieds/used-cars/...

Taaaaang

5,151 posts

141 months

Friday 3rd January
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Rari said:
This is the cheapest Speciale I’ve seen in RHD. If it only it was in red or blue for me.

https://www.pistonheads.com/classifieds/used-cars/...
They really are shedding value fast!

I'd absolutely love one of these. Think it looks stunning in yellow too!

MingtheMerciless

324 posts

164 months

Friday 3rd January
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Wow. That one is perfect for me. Maybe it's time. The only thing is, I want to actually drive it a lot. Not keep it in the garage.

Taaaaang

5,151 posts

141 months

Friday 3rd January
quotequote all
MingtheMerciless said:
Wow. That one is perfect for me. Maybe it's time. The only thing is, I want to actually drive it a lot. Not keep it in the garage.
That was the thought I just had after typing my post.

I don't think I could own a car like that and not use it most days.

Desert Dragon

773 posts

39 months

Friday 3rd January
quotequote all
Taaaaang said:
Rari said:
This is the cheapest Speciale I’ve seen in RHD. If it only it was in red or blue for me.

https://www.pistonheads.com/classifieds/used-cars/...
They really are shedding value fast!

I'd absolutely love one of these. Think it looks stunning in yellow too!
Looks like Tony from Gravelwood car sales old Speciale? Still probably over list at #229k and doesn't have front lift which is a debbie downer on these come resale. I wonder if its UK supplied too? If not doesn't qualify for Ferrari UK warranty according to research I did when looking if maybe the same car. Was at Dick Lovett last year when I looked over similar car. Swirl marks for a 3000 mile car at the time were awful and found out it was a Hong Kong supplied car so no way to verify the mileage 100%.

Taaaaang

5,151 posts

141 months

Friday 3rd January
quotequote all
Desert Dragon said:
Taaaaang said:
Rari said:
This is the cheapest Speciale I’ve seen in RHD. If it only it was in red or blue for me.

https://www.pistonheads.com/classifieds/used-cars/...
They really are shedding value fast!

I'd absolutely love one of these. Think it looks stunning in yellow too!
Looks like Tony from Gravelwood car sales old Speciale? Still probably over list at #229k and doesn't have front lift which is a debbie downer on these come resale. I wonder if its UK supplied too? If not doesn't qualify for Ferrari UK warranty according to research I did when looking if maybe the same car. Was at Dick Lovett last year when I looked over similar car. Swirl marks for a 3000 mile car at the time were awful and found out it was a Hong Kong supplied car so no way to verify the mileage 100%.
Do Ferrari dealers sell cars that don't qualify for their warranty?

Just had a little browse through auto trader and it seems there is now a Pista in the dealer network. I'm quite surprised at that.

Desert Dragon

773 posts

39 months

Friday 3rd January
quotequote all
Taaaaang said:
Desert Dragon said:
Taaaaang said:
Rari said:
This is the cheapest Speciale I’ve seen in RHD. If it only it was in red or blue for me.

https://www.pistonheads.com/classifieds/used-cars/...
They really are shedding value fast!

I'd absolutely love one of these. Think it looks stunning in yellow too!
Looks like Tony from Gravelwood car sales old Speciale? Still probably over list at #229k and doesn't have front lift which is a debbie downer on these come resale. I wonder if its UK supplied too? If not doesn't qualify for Ferrari UK warranty according to research I did when looking if maybe the same car. Was at Dick Lovett last year when I looked over similar car. Swirl marks for a 3000 mile car at the time were awful and found out it was a Hong Kong supplied car so no way to verify the mileage 100%.
Do Ferrari dealers sell cars that don't qualify for their warranty?

Just had a little browse through auto trader and it seems there is now a Pista in the dealer network. I'm quite surprised at that.
Ah the DL HK Speciale went to Joe Macari shortly after I pointed out to them it did not qualify for UK extended warranty according to small print in Ferrari's own literature. They were asking £300k at the time. Probably not the same car if Ferrari main dealer selling.