F12 considerations

F12 considerations

Author
Discussion

jackal

11,248 posts

281 months

Friday 2nd April 2021
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yes, aware of that

still a great deal

F12 at 160 and above don't look so good IMO

DeejRC

5,712 posts

81 months

Friday 2nd April 2021
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I’m inclined to agree with you there Jackal, which is why I’ve no real desire to pay anything like that for an F12. In my mind they are a £14xK car.


CloudStuff

3,676 posts

103 months

Sunday 20th June 2021
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jackal said:
if you have 150 for an F12 then you probably have 200 for an 812

this is where the value is right now IMO

a much better car for regular driving and warranty/servicing to the nines

Jardine have a 2021 unregistered car for 220 !
I am considering moving from the world of Porsche to Ferrari. I just have a real urge to get a V12 - either F12 or 812. The 812 seems to move the game on a lot.

Other than reading up on threads here, or on the web generally, I am not at all well versed in the history and trends of values.

What is clear to me though, is that if you don't buy wisely, you face losing a lot of cash. Realistically, this would not be a forever car and I'd need to have an exit plan.

With that in mind, I'm looking at two potential routes - relatively 'leggy' F12, or an 812 at the bottom of the market (250k, I cannot do). So, for example:

https://preowned.ferrari.com/en/gb/search/2013/fer...

https://www.pistonheads.com/buy/listing/10694334

Joe Macari - good outfit? Official Ferrari service agent - 'part' of Ferrari GB (in the same way as Porsche Brooklands?)

This would be a 5-6000 miles p/a car.

Thoughts? Any pointers or warnings for a noob?




Edited by CloudStuff on Sunday 20th June 11:23


Edited by CloudStuff on Sunday 20th June 11:32

ReformedPistonhead

965 posts

136 months

Sunday 20th June 2021
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They both look great. But in terms of financials remember when you leave the showroom you have lost 10-20% on the buy/sell spread. Then probably 10-20% a year depreciation.

Buy to enjoy and be prepared for an expensive car to be expensive.

There are Ferrari’s you would lose less on but I think an 812 will drop reasonably and maybe an older F12 less so.

CloudStuff

3,676 posts

103 months

Sunday 20th June 2021
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ReformedPistonhead said:
They both look great. But in terms of financials remember when you leave the showroom you have lost 10-20% on the buy/sell spread. Then probably 10-20% a year depreciation.

Buy to enjoy and be prepared for an expensive car to be expensive.

There are Ferrari’s you would lose less on but I think an 812 will drop reasonably and maybe an older F12 less so.
Cheers - I'll probably put in 20k, and expect to lose that right away. It's the drop beyond that which I'm thinking about.

Taffy66

5,964 posts

101 months

Sunday 20th June 2021
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CloudStuff said:
Cheers - I'll probably put in 20k, and expect to lose that right away. It's the drop beyond that which I'm thinking about.
If you're undecided between an F12 or an 812 please don't drive the latter. If you do the F12 great car it is will definitely feel inferior. However if you stick to a strict £160k budget then get a nice F12 which is an amazing car for that money, just don't drive an 812.!

Taffy66

5,964 posts

101 months

Sunday 20th June 2021
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ReformedPistonhead said:
They both look great. But in terms of financials remember when you leave the showroom you have lost 10-20% on the buy/sell spread. Then probably 10-20% a year depreciation.

Buy to enjoy and be prepared for an expensive car to be expensive.

There are Ferrari’s you would lose less on but I think an 812 will drop reasonably and maybe an older F12 less so.
In terms of my own actual experience in pxing a 458 and 488 for another more expensive Ferrari at a main dealer i lost 15% on both in a year and 2k miles driving so your figures don't tally with mine.
That's 15% difference in 12 months and 2k miles between retail price and trade in value which isn't too bad when you compare to other supercars.

ReformedPistonhead

965 posts

136 months

Sunday 20th June 2021
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Taffy66 said:
ReformedPistonhead said:
They both look great. But in terms of financials remember when you leave the showroom you have lost 10-20% on the buy/sell spread. Then probably 10-20% a year depreciation.

Buy to enjoy and be prepared for an expensive car to be expensive.

There are Ferrari’s you would lose less on but I think an 812 will drop reasonably and maybe an older F12 less so.
In terms of my own actual experience in pxing a 458 and 488 for another more expensive Ferrari at a main dealer i lost 15% on both in a year and 2k miles driving so your figures don't tally with mine.
That's 15% difference in 12 months and 2k miles between retail price and trade in value which isn't too bad when you compare to other supercars.
I think you did well. My 488 was £275k list, I paid £250k, sold a year later for £200k with 4.5k miles. So 20% lost plus cost of capital (2 x 10% approx). Was an expensive way to do 4.5k miles but I did smile for almost all of them. Had I bought a £150k 458 at the same time and sold it a year later I likely would have recovered £130k and had the same amount of fun. Had I spent £250k on a McLaren and sold it a year later I think the difference may have been larger. At the same time a friend bought a 488 Spider, he took a £90k hit on 2 years and 5k miles of ownership.

Your mileage may vary of course!


Oaky

191 posts

171 months

Sunday 20th June 2021
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Interesting take - thanks

Taffy66

5,964 posts

101 months

Sunday 20th June 2021
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I've bought a few Ferraris but none brand new and stick to target of getting one for £100K less than new list. I breached that limit when i bought my 488 a year ago which was approx £80k under list. On an 812SF i'm buying soon it'll be £100k less than list but a few months ago i was waiting to get a high spec one for £120k under list but they've gone up £10k since.

Fezzamania

220 posts

34 months

Sunday 20th June 2021
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Taffy66 said:
In terms of my own actual experience in pxing a 458 and 488 for another more expensive Ferrari at a main dealer i lost 15% on both in a year and 2k miles driving so your figures don't tally with mine.
That's 15% difference in 12 months and 2k miles between retail price and trade in value which isn't too bad when you compare to other supercars.
So for example if you originally paid £170k for the 488 and 12 months and 2,000 miles later you got 15% less thats circa £25k less so £145 on px and no discount on retail price of newer car.
That could be like a £5k over allowance so making in reality more like £30k in a year with 2,000 miles yikes.

Obviously if you had kept it 2 or 3 years the dealer margin would be diluted over a longer period and depreciation probably less in a slowing curve but changing every year is expensive, although like you say could of been a lot worse .

Guess it depends on state of market on entry and exit and if you have bought low and sold high. Cars bought a year ago might be able to be got out of now for a lot less but buying high and selling low is going to be a killer

Taffy66

5,964 posts

101 months

Sunday 20th June 2021
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Unfortunately you won't get any discount on an 812SF right now from a main dealer as they sell pretty much in a day or before being advertised. If buying a Lusso instead perhaps i'd expect £5k off..

Djit

210 posts

89 months

Sunday 20th June 2021
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Taffy is spot on with his appraisal. It’s worth taking the time to really get to know a couple of dealers and let them know your ideal spec. These cars are changing hands without being openly advertised. I think the best time to buy was 3 months ago. Shortage of new cars is now a reality and those bailing out for the GTS before confidence returned is all done. It’s still a fantastic proposition with the slight increase. What else can you spend it on this summer?

DeejRC

5,712 posts

81 months

Wednesday 23rd June 2021
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Deposit just been paid on this:
https://preowned.ferrari.com/en/gb/search/2016/fer...

I could crush a grape right now!!!!

DeejRC

5,712 posts

81 months

Monday 5th July 2021
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One more sleep to go, one more sleep to go!

RichardCHXX

106 posts

43 months

Monday 5th July 2021
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Lovely combo

sparta6

3,689 posts

99 months

Monday 5th July 2021
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DeejRC said:
Deposit just been paid on this:
https://preowned.ferrari.com/en/gb/search/2016/fer...

I could crush a grape right now!!!!
That looks rather lovely, congrats

DeejRC

5,712 posts

81 months

Monday 5th July 2021
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Excited little boy is absolutely allowed when in your 40s right??

Djit

210 posts

89 months

Tuesday 6th July 2021
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First impressions?

DeejRC

5,712 posts

81 months

Tuesday 6th July 2021
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I don’t have any. I can’t process any.

This is the culmination of a 40yr obsession.

I’m still stuck at being the little boy stage.