458 v 488 market
Discussion
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
Save up and pay for it properly so you don’t have to worry about rates and can therefore enjoy the car properly?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
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.
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.
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