Opinions please :-)
Discussion
marky1 said:
95k for either of those is mental. That’s nearly 100k for a car that will be impossible to sell in my view. Surely for 100k there are a few other model options without the headaches. How much is a decent 599 these days?
I used to like the 599 years ago, it seems a bit dated now but still an awesome car no doubt. Durzel said:
footsoldier said:
Definitely wouldn’t buy either. If you can’t afford to wait for a better one, you can’t afford to get stuck with either of these.
This is the big problem in my opinion. If being able to release the money quickly is a priority, then perversely a cheap 458 probably won’t achieve that.Edited by tempt8 on Friday 3rd January 00:02
Edited by tempt8 on Friday 3rd January 00:02
I'm (nearly) sure (if current economic conditions continue) that you could sell the yellow one for £40-45k, maybe even £50k, if you were in a hurry and if you keep the mileage below 100k. I'd have a punt at that level if one came along with a needy seller. I'd then use it as a hack on the basis that I would keep it forever and get something else.
If you need to not get stuck in a car you need to buy an easily saleable one. Sorry, there is really no such thing as a cheap 458 (if current economic conditions continue) .
If you need to not get stuck in a car you need to buy an easily saleable one. Sorry, there is really no such thing as a cheap 458 (if current economic conditions continue) .
£60k after 2 years on the 100k mile yellow one doesn't sound unrealistic to me. It's a lot of car for £60k. I personally think 40-45k is far too pessimistic.
Thing is losing money on the spread is a given but you don't know what bills you're going to have during ownership. Neither car has a warranty I presume? Both cars will cost commensurate money to repair if anything goes wrong, and big ticket items will cost a lot.
If it were me I'd get a good inspection done on whatever car you whichever car you feel most strongly about (I think the yellow one is better all things considered), paying particular attention to the suspension - any leaks, etc. The triple layer paint would need careful inspection too.
You could get lucky and find the yellow one has no problems, or you could buy it and end up with all sorts of bills. If you aren't ready for that, and don't have a slush fund for it, I'd tread carefully.
Thing is losing money on the spread is a given but you don't know what bills you're going to have during ownership. Neither car has a warranty I presume? Both cars will cost commensurate money to repair if anything goes wrong, and big ticket items will cost a lot.
If it were me I'd get a good inspection done on whatever car you whichever car you feel most strongly about (I think the yellow one is better all things considered), paying particular attention to the suspension - any leaks, etc. The triple layer paint would need careful inspection too.
You could get lucky and find the yellow one has no problems, or you could buy it and end up with all sorts of bills. If you aren't ready for that, and don't have a slush fund for it, I'd tread carefully.
tempt8 said:
I wouldn’t need to release the money quickly, but wouldn’t want to be stuck with a car trying to sell it for months on end so I could get into another one either bud.
I know its not a Ferrari but why not look at a Mclaren 570S, yes values have crashed and still are going down but they are desperate to sell cars and doing deals and they come with a warranty, I know the service is not great but most owners get there in the end and as 570's are trading in the 70's and retailing in the high 80's I am sure you could get a good deal on a warrantied Mclaren 570's for mid 80's on a car that has warranty and has taken its biggest hit depreciation wise so far and in a year or two you can sell on for around 65k potentially.Edited by tempt8 on Friday 3rd January 00:02
Edited by tempt8 on Friday 3rd January 00:02
I am with Durzel the yellow 458 with 100k miles should sell all day long easily at 60k as its a great price, 45k is dream land but if you buy it i will buy it off you at 50k as be bargain of century, realistically it should also fetch circa 65k, maybe 70k if you hold out a little longer.
tempt8 said:
This is the thing, I’d happily take a 10k hit after say 2 or 3 years of ownership. Would I achieve 78k, that’s the question lol.
Very unlikely to achieve that after a further three years but as others are trying to point out to you with a car of this age, with the problems it has had previously the maintenance costs over those three years are the biggest worry for you not the resale price. If you are worried about only a 10k loss buying one of these cars doesn’t sound like a sensible option. Durzel said:
£60k after 2 years on the 100k mile yellow one doesn't sound unrealistic to me. It's a lot of car for £60k. I personally think 40-45k is far too pessimistic.
That's 18K less than what this OP is speculating. I'm with you by the way, no chance it's 78k in 2 or 3 years. I think you will be talking 50-55k. You would be better off spending 130-140k on a no issue car and losing maybe 30-40k on a car that won't be a total nightmare to sell?
Personally the yellow one with an inspection and a decent fund in case something goes wrong. If you're not desperate to re-sell then you're getting a lot of car for the money. The issue is going to be when you want to get out of it.
Personally I would negotiate hard, its a buyers market.
I would not touch the red one. If it had a decent engineers report, photos and lots of info then it would be a different story, but as it is, that car is only going to be almost impossible to sell.
Personally I would negotiate hard, its a buyers market.
I would not touch the red one. If it had a decent engineers report, photos and lots of info then it would be a different story, but as it is, that car is only going to be almost impossible to sell.
LIVENT said:
Personally the yellow one with an inspection and a decent fund in case something goes wrong. If you're not desperate to re-sell then you're getting a lot of car for the money. The issue is going to be when you want to get out of it.
Personally I would negotiate hard, its a buyers market.
I would not touch the red one. If it had a decent engineers report, photos and lots of info then it would be a different story, but as it is, that car is only going to be almost impossible to sell.
I’ve tried negotiating but he won’t drop the price, he’s under the impression it’s going to fly out at that price with summer coming up lolPersonally I would negotiate hard, its a buyers market.
I would not touch the red one. If it had a decent engineers report, photos and lots of info then it would be a different story, but as it is, that car is only going to be almost impossible to sell.
tempt8 said:
I’ve tried negotiating but he won’t drop the price, he’s under the impression it’s going to fly out at that price with summer coming up lol
It probably will, someone will come along who has maybe a spare cash fund who decides to buy it as just a weekend toy or even buy it to turn into a track car that is road legal so can drive to and from the track.End of the day its the cheapest 458 in a good specification, in one of the best colours and is not written off, OK it has had a rebuild but if it passes an inspection and drives as a 458 should do it is still a superb buy for anyone who is not interested in resale and just buying as a keep for several years or ever car.
Turbo cab said:
tempt8 said:
The is for the replies guys :-)
They’re both around £90k mark, I’d like to think that I’d see a return of around £80k in 2 years time?
Slightly optimistic, Id say £50 - £60k is more realisticThey’re both around £90k mark, I’d like to think that I’d see a return of around £80k in 2 years time?
Still available the rebuilt engine one:
https://www.pistonheads.com/classifieds/used-cars/...
But got cheaper, still not a price I'd buy but if it goes as low as 75k could be well worth a dabble for someone, if something major goes car would then be cheap enough to warranty the spend on it.
https://www.pistonheads.com/classifieds/used-cars/...
But got cheaper, still not a price I'd buy but if it goes as low as 75k could be well worth a dabble for someone, if something major goes car would then be cheap enough to warranty the spend on it.
And is this the red Cat D that’s been discussed?
https://www.autotrader.co.uk/classified/advert/202...
Interesting I come across this thread, noticed both the cars above for sale and been thinking it’s a way to get into a 458. £120k+ is just not going to be an option for me, so is it worth the gamble?
https://www.autotrader.co.uk/classified/advert/202...
Interesting I come across this thread, noticed both the cars above for sale and been thinking it’s a way to get into a 458. £120k+ is just not going to be an option for me, so is it worth the gamble?
No one can tell you with any degree or certainty whether that car will cost you a fortune or not.
If you're struggling to buy one of these at all I would strongly advise caution. You could buy that car and be lucky and only have regular maintenance to pay, or you could buy it and have all kinds of problems. Ferrari parts/repairs are commensurately expensive with the value of the car when new. Big ticket items will be ruinously expensive.
It is never a good idea to stretch oneself to buy a supercar (which should ultimately be a decision led by the heart) regardless of condition. If you don't have a slush fund, a solid warranty or the ability to cover reasonable costs you're going to live in fear of any noise you hear, etc. It's the absolute worst way to own a car like this.
On top of this you will have a very small market of potential buyers when you come to sell it. If you need to exit quickly you would struggle, as dealers won't touch it (if the seller could've sold it to a dealer he would've already).
If you're struggling to buy one of these at all I would strongly advise caution. You could buy that car and be lucky and only have regular maintenance to pay, or you could buy it and have all kinds of problems. Ferrari parts/repairs are commensurately expensive with the value of the car when new. Big ticket items will be ruinously expensive.
It is never a good idea to stretch oneself to buy a supercar (which should ultimately be a decision led by the heart) regardless of condition. If you don't have a slush fund, a solid warranty or the ability to cover reasonable costs you're going to live in fear of any noise you hear, etc. It's the absolute worst way to own a car like this.
On top of this you will have a very small market of potential buyers when you come to sell it. If you need to exit quickly you would struggle, as dealers won't touch it (if the seller could've sold it to a dealer he would've already).
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