458 v 488 market
Discussion
HotWheels82 said:
Long time lurker first time poster.
Such examples are simply becoming harder to find and most now in the hands of collectors or long term keepers who don’t see an upgrade path within the brand. In my case, for example, barring any significant change in personal circumstances, I don’t see myself selling any time soon.
The car I bought had been on the market for an hour or so before I put a deposit on it. No plans to sell. It’s pretty much the most desirable spec Spider. I paid 150k for it on 15k miles….2013. Such examples are simply becoming harder to find and most now in the hands of collectors or long term keepers who don’t see an upgrade path within the brand. In my case, for example, barring any significant change in personal circumstances, I don’t see myself selling any time soon.
Edited by HotWheels82 on Saturday 18th March 09:07
So I agree with you. I just don’t see similar spec cars bent sold now.
HotWheels82 said:
I did see this one, but it felt a bit off to me so im not entirely sure on its condition. Plus the exterior black sections wrapped not painted
I’m conflicted as I’m really keen on a 720s but have been long hankering after a 488GTB and am at the point where I’m about to change from a 992 GTS to something. I’m looking at this car which I think looks stunning. Would slightly prefer carbon seats but otherwise I’m very happy. What’s everyone’s view of pricing? I see these cars trending down with general depreciation but no real point of inflection?
https://www.sytner.co.uk/vehicle-details/8f275b76-...
https://www.sytner.co.uk/vehicle-details/8f275b76-...
bigleefish said:
I’m conflicted as I’m really keen on a 720s but have been long hankering after a 488GTB and am at the point where I’m about to change from a 992 GTS to something. I’m looking at this car which I think looks stunning. Would slightly prefer carbon seats but otherwise I’m very happy. What’s everyone’s view of pricing? I see these cars trending down with general depreciation but no real point of inflection?
https://www.sytner.co.uk/vehicle-details/8f275b76-...
Its a nice spec for sure but its been listed on AT since November and has not moved in the mid 150 price. I agree with you that we should see 488 drop but how much is unknown currently. Both 458/488 listings have been increasing and there is a small visible price drop but nothing significant yet. It may take a few months before a good discount can be hadhttps://www.sytner.co.uk/vehicle-details/8f275b76-...
Even at higher miles which your looking at if residuals/re-sale are an issue I would say go for a 458.
I was fortunate in getting a lovely low miles, low owner, big spec (inc. relatively rare carbon fibre door panels and engine covers) car with 2.5 years warranty from Ferrari early winter 2022 at a competitive price considering, before values hit another peak during summer.
As you said being the last NA V8 Ferrari, pinin farina designed car will always be a factor to enough of the potential market and from the various test drives I had over a period of months I enjoyed it more than it's successor and not just because of the engine note which in race mode is sublime ,IMHO the better looking car too, although that's subjective of course.
There are numerous comparisons on YouTube from people who have owned both 458/488.
I would say get a 2012 or onwards car if you can, buy on spec and condition with warranty if you can, 458's generally speaking seem to be robust and reliable. Might sound like an obvious thing but make sure you test drive, especially if buying a earlier car with more miles, makes sense to have a look at a few cars in person rather than just going off listings.
They can be spec sensitive when it comes to re-sale that would definitely be one factor in cars hanging around as on 458 era cars you do see more of a 'spread' in terms of cars having or missing certain options. With these cars there will always be some degree of seasonality in values, as many owners inevitably don't use them all year around so values can and do go up in late spring/early summer. The total number of cars for sale with 458's can seem quite good, but if you take out:
-cars at dubious places
-cars with zero usable warranty
-cars with 'issues'
-cars with low/basic spec
-cars with miles on them which will make them unattractive to the majority of the market
The pool is actually not that big at all considering we are talking about a mid rear engined Ferrari supercar not something more niche.
I have so far loved every minute in mine, if you want one go for it you won't regret it!!
I was fortunate in getting a lovely low miles, low owner, big spec (inc. relatively rare carbon fibre door panels and engine covers) car with 2.5 years warranty from Ferrari early winter 2022 at a competitive price considering, before values hit another peak during summer.
As you said being the last NA V8 Ferrari, pinin farina designed car will always be a factor to enough of the potential market and from the various test drives I had over a period of months I enjoyed it more than it's successor and not just because of the engine note which in race mode is sublime ,IMHO the better looking car too, although that's subjective of course.
There are numerous comparisons on YouTube from people who have owned both 458/488.
I would say get a 2012 or onwards car if you can, buy on spec and condition with warranty if you can, 458's generally speaking seem to be robust and reliable. Might sound like an obvious thing but make sure you test drive, especially if buying a earlier car with more miles, makes sense to have a look at a few cars in person rather than just going off listings.
They can be spec sensitive when it comes to re-sale that would definitely be one factor in cars hanging around as on 458 era cars you do see more of a 'spread' in terms of cars having or missing certain options. With these cars there will always be some degree of seasonality in values, as many owners inevitably don't use them all year around so values can and do go up in late spring/early summer. The total number of cars for sale with 458's can seem quite good, but if you take out:
-cars at dubious places
-cars with zero usable warranty
-cars with 'issues'
-cars with low/basic spec
-cars with miles on them which will make them unattractive to the majority of the market
The pool is actually not that big at all considering we are talking about a mid rear engined Ferrari supercar not something more niche.
I have so far loved every minute in mine, if you want one go for it you won't regret it!!
This one looks good based on your search parameters:
https://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
https://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
HotWheels82 said:
This one looks good based on your search parameters:
https://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
Im actually surprised meridien priced a 458 below 140 for a sub 20k mile car. Nice spec for sure but the rims are my least favourite. Will reach out but its just came on to the market today so i assume they wont budge on price being the lowest approvedhttps://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
For a car with the carbon goldrake seats, carbon wheel and centre tunnel at sub-20k miles, that seems a bargain. Particularly when the 2-year warranty is factored in.
Upgrade the wheels privately, bet the sills wrapped black and that’s a fantastic car for the money. Very surprised by how reasonable it is given the identity of the dealer
Upgrade the wheels privately, bet the sills wrapped black and that’s a fantastic car for the money. Very surprised by how reasonable it is given the identity of the dealer
I was having a chat with a sales bloke at DL a few weeks ago about 458/488s and he was definitely steering me towards the latter. He was perplexed by the prices of 458s and could only ever see them dropping sharply in the future hence pushing me towards a 488. Have to say I wasn't entirely convinced but maybe the Meridien car is an accurate reflection of a slight softening of price?
andyr said:
Funny that my dealer KEEPS asking to buy my 458 and swap me into a 488 that they’re finding hard to shift….
That is what is seems currently. Lots of 488 pre-owned stock being difficult to move forcing price drops which then forces the 458 to come down. It does get interesting as they are so close in price and to some will see it more beneficial to buy a 488 which could still have 1-2 years left on the original 7yr service pack. The meridien car is good but have to factor in to the overall cost to go buy another set of rims and sell the originals which i'm not sure many people would even want, maybe keep them as the winter set? Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff