Negotiating with a Ferrari Main dealer

Negotiating with a Ferrari Main dealer

Author
Discussion

andrew

9,012 posts

147 months

Saturday 13th June
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cavallino rampante loses a little in translation to HORSE... too smile

jtremlett

859 posts

177 months

Saturday 13th June
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I've explained Very Urgent Car already. It was a dealer demo car and it says that in the spec list.

LA458SP

68 posts

61 months

Saturday 13th June
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willy wombat said:
“High Emotion Low Emission “ - HELE - is Ferrari speak for “stop start”. However' if no one here can explain Very Urgent Car I will have to admit defeat and ask my dealer.
My car's spec sheet states URGE VERY URGENT CAR!!!!!! also can be seen on the spec list from the MyFerrari app.

I am not the original owner but the selling dealer (also dealer who originally supplied the car) said it was Taylor Made and for a very good customer who simply wanted the car quickly, not a Demo car.



andrew

9,012 posts

147 months

Saturday 13th June
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i think i'd prefer the TAKE YOUR TIME AND GET IT RIGHT option

willy wombat

446 posts

103 months

Saturday 13th June
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None of the Ferraris I’ve ordered new had “very urgent car” on the spec sheet so I guess that confirms where I am in the Ferrari customer pecking order (near the bottom!).

Durzel

8,776 posts

123 months

Saturday 13th June
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The 6 exclamation marks is a nice touch, as if the option existing at all on the spec sheet wasn't enough.

chrisbell08

34 posts

3 months

Monday 15th June
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Oaky said:
Carwow PCP Calculator thinks £93k, £13k, £1k, 24 mths is 8.65%APR.
Can somebody explain why the numbers quoted by Ferrari don't actually add up on the calculators,

So I did what we all do and got carried away and moved my deposit over from a Cali T to a Portofino. I felt I was viewing the Cali T as a stepping stone to a Portofino so in the long term, I'd be better just paying a bigger deposit now and keeping the car longer instead of keeping the Cali for 24 months then having to cough up another deposit for a Portofino.

So here's the initial quote they gave me for the Portofino:

Price: £162,000
Deposit: £24,500
Balloon: £89,100 (55%)
APR 8.2% (Funny I said the APR needs to be in the 6's and he said ( I think I can do that lol)
Monthly £1662

If you put these numbers into a PCP calculator it comes out as 1,794.98, what am I missing? As the other guy mentions above the numbers they gave me the first time didn't add up either

Turns out the car they were selling me didn't have apple car play (I stupidly assumed this was standard before watching a YT video on them) so this deal is now dead in the water so need to keep on the lookout for another one.

willy wombat

446 posts

103 months

Monday 15th June
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Lots of things you might expect to be standard on a Portofino aren’t. You really have to check the spec if buying used.

Stickyone

Original Poster:

34 posts

2 months

Monday 15th June
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chrisbell08 said:
Can somebody explain why the numbers quoted by Ferrari don't actually add up on the calculators,

So I did what we all do and got carried away and moved my deposit over from a Cali T to a Portofino. I felt I was viewing the Cali T as a stepping stone to a Portofino so in the long term, I'd be better just paying a bigger deposit now and keeping the car longer instead of keeping the Cali for 24 months then having to cough up another deposit for a Portofino.

So here's the initial quote they gave me for the Portofino:

Price: £162,000
Deposit: £24,500
Balloon: £89,100 (55%)
APR 8.2% (Funny I said the APR needs to be in the 6's and he said ( I think I can do that lol)
Monthly £1662

If you put these numbers into a PCP calculator it comes out as 1,794.98, what am I missing? As the other guy mentions above the numbers they gave me the first time didn't add up either

Turns out the car they were selling me didn't have apple car play (I stupidly assumed this was standard before watching a YT video on them) so this deal is now dead in the water so need to keep on the lookout for another one.
Id love a Portofino next, my Cali T is delivered on Saturday. I also love a bit of ‘mission creep’ ha ha!
If it’s the Rosso car in Birmingham, it’s a stunner. Are you saying that it’s off, as it doesn’t have Car Play?

I was in Leeds on Saturday, they have a brand now Rosso/Crema Portfino in the showroom, it’s a cancelled order, £200k list and it’s for sale at £185k, might be worth a call.

Re finance, I get too roughly £1662 using 6.8% APR and assumes a 4 year term.


chrisbell08

34 posts

3 months

Monday 15th June
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Stickyone said:
Id love a Portofino next, my Cali T is delivered on Saturday. I also love a bit of ‘mission creep’ ha ha!
If it’s the Rosso car in Birmingham, it’s a stunner. Are you saying that it’s off, as it doesn’t have Car Play?

I was in Leeds on Saturday, they have a brand now Rosso/Crema Portfino in the showroom, it’s a cancelled order, £200k list and it’s for sale at £185k, might be worth a call.

Re finance, I get too roughly £1662 using 6.8% APR and assumes a 4 year term.

Well brum have one with the good wheels and no car play and one with bad wheels that has car play but they've offered to upgrade the wheels on the one with car play so may still go with them.....

However, I think a trip to Leeds may be on the cards tomorrow smile

Saweep

5,080 posts

141 months

Monday 15th June
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There's a brand new Tailor Made Black Portofino at Edinburgh with a silver thin stripe down the side. Too toppy for me at 250k but it really is spectacular.

God knows where it's come from but I suspect there is a great deal on the table to someone!

chrisbell08

34 posts

3 months

Tuesday 16th June
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Stickyone said:
Id love a Portofino next, my Cali T is delivered on Saturday. I also love a bit of ‘mission creep’ ha ha!
If it’s the Rosso car in Birmingham, it’s a stunner. Are you saying that it’s off, as it doesn’t have Car Play?

I was in Leeds on Saturday, they have a brand now Rosso/Crema Portfino in the showroom, it’s a cancelled order, £200k list and it’s for sale at £185k, might be worth a call.

Re finance, I get too roughly £1662 using 6.8% APR and assumes a 4 year term.

How much wiggle room do you think they will have on the price when its new? My biz partner brought a Lamborgini Evo yesterday and he got £35k off list

chrisbell08

34 posts

3 months

Tuesday 16th June
quotequote all
Saweep said:
There's a brand new Tailor Made Black Portofino at Edinburgh with a silver thin stripe down the side. Too toppy for me at 250k but it really is spectacular.

God knows where it's come from but I suspect there is a great deal on the table to someone!
yeah this one probably outside of my budget too unfortunately

Stickyone

Original Poster:

34 posts

2 months

Tuesday 16th June
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chrisbell08 said:
How much wiggle room do you think they will have on the price when its new? My biz partner brought a Lamborgini Evo yesterday and he got £35k off list
The conversation I had with the salesman was that they don’t discount brand new at all.

I personally think it would be a brave move to buy new when the initial deprecation is quite steep. There is a 2019 Rosso Portofino on the Ferrari website for £159k which has Apple Car Play And 3000 miles.

chrisbell08

34 posts

3 months

Tuesday 16th June
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Stickyone said:
The conversation I had with the salesman was that they don’t discount brand new at all.

I personally think it would be a brave move to buy new when the initial deprecation is quite steep. There is a 2019 Rosso Portofino on the Ferrari website for £159k which has Apple Car Play And 3000 miles.
I think it depends on how long you want to keep the car, if you have gap insurance and are going to keep the car for 3 years then you'll be fine. If your keeping a car 12-18 months new isn't a good idea lol

Cipo

310 posts

137 months

Tuesday 16th June
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Car play can be fitted by Ferrari if it didn’t come with it

Stickyone

Original Poster:

34 posts

2 months

Wednesday 17th June
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chrisbell08 said:
Stickyone said:
The conversation I had with the salesman was that they don’t discount brand new at all.

I personally think it would be a brave move to buy new when the initial deprecation is quite steep. There is a 2019 Rosso Portofino on the Ferrari website for £159k which has Apple Car Play And 3000 miles.
I think it depends on how long you want to keep the car, if you have gap insurance and are going to keep the car for 3 years then you'll be fine. If your keeping a car 12-18 months new isn't a good idea lol
How are you getting on? Did you go and see the Leeds Portofino?

willy wombat

446 posts

103 months

Wednesday 17th June
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Just so you know, on 2019 price list Apple CarPlay is a £2,400 incl VAT option which I paid through gritted teeth. No idea how much a retrofit would cost.

PrancingHorses

2,614 posts

162 months

Wednesday 17th June
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APR needs to be in the early 6's. Anything above and you are being ripped off.

Stickyone

Original Poster:

34 posts

2 months

Friday 26th June
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Thought I may as well finish off the thread I started , with the end result.

An ear to ear grin ..... what a car this is, and I am just so pleased with it.