Potential 458 spider purchase

Potential 458 spider purchase

Author
Discussion

MingtheMerciless

382 posts

186 months

Friday 7th January
quotequote all
Me too.

Spleen

4,658 posts

98 months

Tuesday 11th January
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https://www.ebay.co.uk/itm/2012-Ferrari-458-4-5-Sp...

First to see will buy apparently. I don’t fking think so.

Fast Eddie

350 posts

222 months

Tuesday 11th January
quotequote all
Spleen said:
https://www.ebay.co.uk/itm/2012-Ferrari-458-4-5-Sp...

First to see will buy apparently. I don’t fking think so.
Its a shame they didn't try to brighten up the interior a bit vomit

Chris355

736 posts

173 months

Tuesday 11th January
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“Most popular ferrari in uk” according to the advert in autotrader!! Lol. In their dreams …

MingtheMerciless

382 posts

186 months

Tuesday 11th January
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Wow. Ferrari have sued people for less.

https://carbuzz.com/features/7-times-ferrari-filed...


Meeko

Original Poster:

147 posts

213 months

Monday 28th March
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Evening all,

Have been closely watching the market for a while since I created this thread and still not purchased a car. I've been offered a 2012 4k 2 owener Rosso Corsa/Nero car from a main dealer for £187k to include front PPF install and I was after thoughts. Spec-wise it's got CF seats with CF racing zone, parking sensors/camera, nav/ipod, dimming mirrors, sports sills, sports exhaust, CF rear moulding, forged allows (ferro grey) and red calipers. It's missing lift, CF B pillars, hifi and ideally I'd prefer silver wheels and yellow calipers.

It's a good £15k more than I'm comfortable with and not my perfect spec, but I'm worried I'll miss the boat waiting for the right car to come, all the while watching prices creep up. This is a huge stretch financially for me, but it's now or never and owning a red 458 spider has been a dream and I can't miss out on it. I'd be interested on thoughts on the spec, and price. I'll add approx 6-8k miles in 2 years (I appreciate it will face big depreciation at 10k miles, so interested what people may think it'll be worth come sale time).

Thanks in advance..

Spleen

4,658 posts

98 months

Monday 28th March
quotequote all
Wow. 187k for a 2012, prices really have gone through the roof. Me? I just wouldn't be able to get there, that's very strong money.

Edited by Spleen on Monday 28th March 20:26

Meeko

Original Poster:

147 posts

213 months

Monday 28th March
quotequote all
Yes, I don’t think the prices are stopping any time soon either. Every time a car come up, dealers are adding £5k/£10k.

There’s another for £180k 2015 9k miles but has Daytonas. I guess would be £188-£190k with those. Are CF crucial for resale? I’d ideally want them but full electric Daytonas don’t look nearly as nice.

Curledge

355 posts

5 months

Monday 28th March
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£187K for a 2012 car is total madness but it only takes 1 fool to come along and buy it.

Dealer margins have gone thru the roof as they milk the lack of supply.
They would of paid sub £150 for that car.

Buy at the peak and come tge price adjustment you could be looking at monumental depreciation

sfella

725 posts

85 months

Monday 28th March
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Surely the fact its a huge financial stretch answers your question? Anything that classes as a super luxury item, cars/boats/watches etc and is stretching finanves just has bad idea written all over it

xcentric

720 posts

196 months

Monday 28th March
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I've been sort of looking too, and prices have been on the up and availability low, so it'll be like that for a while. However, it will correct I suspect in a few months - though finance rates will also rise so if prices drop the cost to finance may still be the same.....

No-one knows when it'll correct - but despite the 'last naturally aspirated etc etc' it's likely to fall sometime: I've decided to wait for the Ferrari experience for a year or two.

Of course, I could be wrong, cos my crystal ball is as cloudy as the next person's, but my finance people agree with me, fwiw.

But the counter is, you only live once, etc. So if you can afford it and want it, then why not?

Meeko

Original Poster:

147 posts

213 months

Monday 28th March
quotequote all
It’s a stretch psychologically rather than financially. I’ve always been careful with money and don’t want to throw £50k on a bucket list item when it comes sale time.

But agreed dealers are taking the proverbial currently and it’s peak market currently. I’ll leave the £187k car and ponder the £180k with Daytonas!

JayK12

2,194 posts

179 months

Tuesday 29th March
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If you can afford it, they enjoy today and not worry about tomorrow. But if your not comfortable with it, and its going to be racking your brain on what you could loose in value then you really will not truly enjoy the car.

Looking at 360s/430/Gallardo's I have noticed most cars are sitting around, prices of some cars are being reduced and there are plenty available, so I do see these turning down slowly. I don't know on the supply of 458s, but eventually the market will turn and you will loose out, but that could be in a few months, or in a few years, so depends if you want one now or will you be waiting forever.

You could buy a F430 Spider and enjoy it just as much, and be comfortable with the outlay, and yes it will drop in value but not as much as a 190K 458. I think in this scenario you would probably get more enjoyment and be more relaxed with a F430.

garystoybox

577 posts

94 months

Tuesday 29th March
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If you are selling back this car to a dealer in 2 years time with 10-12k on the clock then every likelihood you’ll see an overall cost of £50-60k depreciation. Obviously, if financing, got to add in the interest. May be worse; anything better see as a bonus. If this doesn’t bother you, get it bought and enjoy it.
My worthless opinion as a 2x458 owner is that a 10 year old car is not worth £180k. I’d be in a 488 Spider all day at that price. Possibly not yourself, but too many people seem to be buying these on the basis that they are going to keep going up in value or at least provide depreciation free ownership. Just too many build for this to happen imo.

Taffy66

5,339 posts

79 months

Tuesday 29th March
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I agree with Gary in that way too many 458s were built to justify £180k+ for 10yr old cars. At that money I'd also buy a nice 488 Spider if you want open top Ferrari motoring or even better a nice F12.
At £185k for a 458 Spider I'd beg/borrow/steal another £30k and get an ultra rare 675Lt Spyder which are currently undervalued compared to the 458 which are overvalued IMO. The 675 will almost certainly appreciate in value as will the F12.

lambo666

364 posts

95 months

Tuesday 29th March
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Totally agree with Taffy above on everything. However 458 owners are not selling or moving on to 488/F8 - hence there are hardly any quality ones out there. I will not be surprised if 458's keep going up.

willy wombat

683 posts

125 months

Tuesday 29th March
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Only thing I would add to this discussion is that I recently renewed my insurance and the Ferrari main dealer who I use for servicing (and the odd purchase) always provides me with a replacement value for insurance purposes. The figure for my 458 spider has been static for the last couple of years but this year he increased it by £10k.

Curledge

355 posts

5 months

Tuesday 29th March
quotequote all
458s are out of sync with the general market and competitors ie massively over valued at the moment IMHO.

The lack of supply and dealers milking the profit margin will not continue long term so be wary of buying on a peak of the wave and then feel the crash of a trough.
The downside risk massively outweighs any potential upside and its a dynamic market place with cheaper and possibly better options out there from competitors.

I see ZERO value in a £180k 10 year old 458 which would normally be sub £150

andyr

248 posts

261 months

Tuesday 29th March
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The price of 458's in the US has gone up significantly, and the UK is starting to follow.

As one poster below said, 458 owners are not moving to 488s. I've been asked a couple of times by the dealership to sell my 458 - why do you think that would be ??

I agree there are a lot on the road, but there are very few for sale. Also, those that aren't being looked after are dropping out of the top-end market where prices for the right spec and quality are climbing.

I doubt I will make money on my 458 - but I doubt I will lose much. The E46 M3 I have has doubled in price - and that is a 16 year old car.

fridaypassion

6,293 posts

205 months

Tuesday 29th March
quotequote all
andyr said:
The price of 458's in the US has gone up significantly, and the UK is starting to follow.

As one poster below said, 458 owners are not moving to 488s. I've been asked a couple of times by the dealership to sell my 458 - why do you think that would be ??

I agree there are a lot on the road, but there are very few for sale. Also, those that aren't being looked after are dropping out of the top-end market where prices for the right spec and quality are climbing.

I doubt I will make money on my 458 - but I doubt I will lose much. The E46 M3 I have has doubled in price - and that is a 16 year old car.
458s will rise exponentially. A lot of people like myself don't want a turbo car so for me when I had a 458 there was no upgrade path within the brand. A 488 might be tempting but only as a cheaper alternative to an NA. The only other similar car really is a GT3 which I moved over to. Porsche are a bit less niche than Ferrari but more cars are available but both Porsche and Ferrari have made fewer cars than there is demand for.

Porsche and the GT product line are the last proper cars in production really certainly taking NA cars with very high performance.

All the good cars have been made its only downhill from here so all of these old cars will continue to rise way above anyone's current understanding.

When I drive a GT3 coming from a Ferrari which was cheaper that doesn't make any sense to me. The 458 is a step above and I think I will move back that way later. A true modern supercar and there are hardly any of them available so I'll be looking to get a nice one as a keeper.