458 v 488 market

458 v 488 market

Author
Discussion

DeejRC

6,015 posts

85 months

Sunday 3rd March
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Masterplan said:
What’s everyone’s view on 488 depreciation over the next 2-3 years?

I was flirting between a Huracan Evo and a 488 Spider, but having now driven them both, the 488 spider is the car for me.

What I’m trying to determine and model, is what I can expect over the next 2-3 years. I’m used to rolling deposits from one car into the next, underpinned by low depreciation and low interest rates. This combo has made paying down the car more achievable, meaning at year 2 I can typically take a sizeable chunk, if not all, of my deposit back out and move into a new car.

With Ferrari finance being around 10.9% APR on a Lease Purchase w/ Balloon agreement, I’m trying to model out what % of my deposit I can expect to lose after 2 years, so I can provision for the next car.

I feel the huracan Evo will take a larger reduction over the same time period, but it’s based on feel rather than anything scientific. Would love to know everyone else’s thoughts on the 488, and if there’s a way to estimate it out. Thankfully my mathematical ability is not what pays for these lovely cars


Edited by Masterplan on Saturday 2nd March 23:46
Save up and pay for it properly so you don’t have to worry about rates and can therefore enjoy the car properly?

Masterplan

53 posts

5 months

Sunday 3rd March
quotequote all
DeejRC said:
Save up and pay for it properly so you don’t have to worry about rates and can therefore enjoy the car properly?
I don’t disagree, but it’s less about affordability and more about feeling informed and going into it with my eyes open.

The last few years have been a bubble, no doubt, but it’s also my only frame of reference for cars of this calibre.

If I walk away with nothing, so be it, but at least I’ve done it knowingly rather than planning for one scenario and living out another.




NRG1976

1,248 posts

13 months

Sunday 3rd March
quotequote all
Masterplan said:
DeejRC said:
Save up and pay for it properly so you don’t have to worry about rates and can therefore enjoy the car properly?
I don’t disagree, but it’s less about affordability and more about feeling informed and going into it with my eyes open.

The last few years have been a bubble, no doubt, but it’s also my only frame of reference for cars of this calibre.

If I walk away with nothing, so be it, but at least I’ve done it knowingly rather than planning for one scenario and living out another.
Just take 2 spec cars which are aged 3 years apart and see the delta - it’s all guesswork, let’s just say £30-40k if you get a more recent example?

WCZ

10,642 posts

197 months

Monday 4th March
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i'd go for 458 or a perf instead if I was concerened about depreciation tbh

PinkHouse

1,168 posts

60 months

Friday 3rd May
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A couple of 458s just sold on CC for around £100k and both on around 24k miles which is low given their age. The £97k one with the carbon buckets had a big gap in it's service history though


https://collectingcars.com/for-sale/2011-ferrari-4...



https://collectingcars.com/for-sale/2012-ferrari-4...

Boleros

349 posts

9 months

Friday 3rd May
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Are those white calipers? Madness.

Edited by Boleros on Friday 3rd May 12:33

Eatpies99

154 posts

57 months

Friday 3rd May
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Didn't the azzurro california (light blue) sell for 119k? Nice spec. Had been on top gear apparently. Not sure that's a good thing....

fridaypassion

8,844 posts

231 months

Friday 3rd May
quotequote all
PinkHouse said:
A couple of 458s just sold on CC for around £100k and both on around 24k miles which is low given their age. The £97k one with the carbon buckets had a big gap in it's service history though


https://collectingcars.com/for-sale/2011-ferrari-4...



https://collectingcars.com/for-sale/2012-ferrari-4...
Crikey that white one looked a good buy.

raceboy

13,181 posts

283 months

Friday 3rd May
quotequote all
Eatpies99 said:
Didn't the azzurro california (light blue) sell for 119k? Nice spec. Had been on top gear apparently. Not sure that's a good thing....
Yes, that was a friends car.
https://collectingcars.com/for-sale/2011-ferrari-4...

PinkHouse

1,168 posts

60 months

Friday 3rd May
quotequote all
raceboy said:
Eatpies99 said:
Didn't the azzurro california (light blue) sell for 119k? Nice spec. Had been on top gear apparently. Not sure that's a good thing....
Yes, that was a friends car.
https://collectingcars.com/for-sale/2011-ferrari-4...
Funny how this was similar mileage to the others but the condition meant it went for £20k more

Esquire

57 posts

3 months

Monday 20th May
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Whats the general consensus on a Speciale over a standard car?

458's in general seem to be selling but the Speciale market seems somewhat stuck.

Cars advertised way over where Collecting Cars transacts confuses me

Drl22

779 posts

68 months

Tuesday 21st May
quotequote all
Esquire said:
Whats the general consensus on a Speciale over a standard car?

458's in general seem to be selling but the Speciale market seems somewhat stuck.

Cars advertised way over where Collecting Cars transacts confuses me
It’s a much better car to drive and will hold/ make money easily in time. If you don’t drive it of course. I think they aren’t moving due to the higher rates right now, it’s removed a portion of buyers from the market. If you cash a good one and don’t drive it, it will be a great investment. If you want a car to drive, an Italia would be perfect.

Saweep

6,616 posts

189 months

Tuesday 21st May
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Drl22 said:
It’s a much better car to drive and will hold/ make money easily in time. If you don’t drive it of course. I think they aren’t moving due to the higher rates right now, it’s removed a portion of buyers from the market. If you cash a good one and don’t drive it, it will be a great investment. If you want a car to drive, an Italia would be perfect.
It's just an awful shame.

I want a Speciale more than any other car. I can afford to buy it.

However I like driving cars, often. Can I afford to drive it? Am I happy to lose six figures for that pleasure?

That's the question and not knowing the answer means I can't and am not, I guess biggrin

Esquire

57 posts

3 months

Tuesday 21st May
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Saweep said:
It's just an awful shame.

I want a Speciale more than any other car. I can afford to buy it.

However I like driving cars, often. Can I afford to drive it? Am I happy to lose six figures for that pleasure?

That's the question and not knowing the answer means I can't and am not, I guess biggrin
Like you i see little point in owning something i cant enjoy.

I find pricing on these cars confusing too.

I'm assuming most are on SOR with dealers but the market is now pretty transparent with sold prices on CC's. So what makes a dealer advertise a 15k miler at 40k over where a 6k miler sells on CC's.

To my mind, its no wonder they are stuck and just don't sell.

I also agree with the issue with higher rates not helping.



Drl22

779 posts

68 months

Tuesday 21st May
quotequote all
Saweep said:
It's just an awful shame.

I want a Speciale more than any other car. I can afford to buy it.

However I like driving cars, often. Can I afford to drive it? Am I happy to lose six figures for that pleasure?

That's the question and not knowing the answer means I can't and am not, I guess biggrin
If you really want to go for it, just go for one of the higher mileage examples. IMO they will always trade at a certain delta below the top prices. So if prices do eventually move up to the £500k mark, I think the higher mileage examples will move up too, just not as much. Even if you do drive one I think you’ll be fine, just don’t pay the premium for a low mileage example from the start.

Esquire

57 posts

3 months

Tuesday 21st May
quotequote all
Drl22 said:
If you really want to go for it, just go for one of the higher mileage examples. IMO they will always trade at a certain delta below the top prices. So if prices do eventually move up to the £500k mark, I think the higher mileage examples will move up too, just not as much. Even if you do drive one I think you’ll be fine, just don’t pay the premium for a low mileage example from the start.
How much would you expect to pay for one with say 15k miles given recent sale prices of two with 6k miles on CC's ?

Drl22

779 posts

68 months

Tuesday 21st May
quotequote all
Esquire said:
How much would you expect to pay for one with say 15k miles given recent sale prices of two with 6k miles on CC's ?
What were the prices they went for? I couldn’t see any speciales in the recently sold section.

Esquire

57 posts

3 months

Tuesday 21st May
quotequote all
Drl22 said:
What were the prices they went for? I couldn’t see any speciales in the recently sold section.
These two went through fairly recently. A red car sold at over 300 but it certainly looks like red demands a premium over other colours. These two both low mileage examples


https://collectingcars.com/for-sale/2015-ferrari-4...

https://collectingcars.com/for-sale/2014-ferrari-4...

Drl22

779 posts

68 months

Tuesday 21st May
quotequote all
Esquire said:
These two went through fairly recently. A red car sold at over 300 but it certainly looks like red demands a premium over other colours. These two both low mileage examples


https://collectingcars.com/for-sale/2015-ferrari-4...

https://collectingcars.com/for-sale/2014-ferrari-4...
Before I saw this I was going to suggest bidding on a few around 280k. I’d say white is probably the least desirable colour in the UK so if I was in the market for a car right now I’d probably still bid 280, most seem to be advertised above 300. I imagine you’ll come up against some stubborn sellers though. If I was offered one in any colour at that price I’d buy it, if I had the cash right now.

Esquire

57 posts

3 months

Tuesday 21st May
quotequote all
Drl22 said:
Before I saw this I was going to suggest bidding on a few around 280k. I’d say white is probably the least desirable colour in the UK so if I was in the market for a car right now I’d probably still bid 280, most seem to be advertised above 300. I imagine you’ll come up against some stubborn sellers though. If I was offered one in any colour at that price I’d buy it, if I had the cash right now.
Seems a few darker colours around too.

I'd want red but have noticed a couple of black cars but in the higher mileage range.

Wondering what they sell for vs the white cars