F12 considerations
Discussion
Insurancejon said:
mines for sale at an independent, and Ferrari the warranty does run out till june 2021. it appears when they change hands via the the main dealers the warranty gets extended by 2 years. so if it had some left, you end up with quite a long warranty period
Link? I'm currently looking...ferdi p said:
Insurancejon said:
mines for sale at an independent, and Ferrari the warranty does run out till june 2021. it appears when they change hands via the the main dealers the warranty gets extended by 2 years. so if it had some left, you end up with quite a long warranty period
Link? I'm currently looking...https://www.sterlingmotors.co.uk/used-cars/1031078...
MDL111 said:
Insurancejon said:
cayman-black said:
Jon, are you saying if your car was at the main dealers the warranty would not expire until 2023 ?
I think at that point they would just add a single year so 2022 is more likely Insurancejon said:
ferdi p said:
Insurancejon said:
mines for sale at an independent, and Ferrari the warranty does run out till june 2021. it appears when they change hands via the the main dealers the warranty gets extended by 2 years. so if it had some left, you end up with quite a long warranty period
Link? I'm currently looking...https://www.sterlingmotors.co.uk/used-cars/1031078...
Desert Dragon said:
I think cars still need to be much cheaper to sell. Ferrari main dealers trying to hold the line. Realistically how can a 5 year Ferrari be worth more than 50% of its MRSP? Ferrari have created a false mkt for years and thats great for customer and resale but in a mkt where fuel prices , insurance, servicing costs etc sky high dealers need a reality check or they'll simply be twiddling thumbs for the next 5 years. With these high end cars liquidity an issue as there are only so many people who can afford these with ease. Fine when residuals were sky high but there are are only so many people that can run these bought out right for cash without a care in the world for depreciation. Could be worse though you could have £265k in a 720s!
I agree. Prices being held artifically high by Ferrari main dealers, even with zero turnover. There is constantly 50> F12's for sale. Great if your a buyer. A 2014 15k miles average spec F12 in the trade will be £140k but you won't find any dealers willing to purchase outright in this climate. Come on privateers tell us what WeBuyAnyCar offered you online for your car...I found a 2015 high spec F12 with 4k on Autotrader with car registration visible. Asking price £220K. Trade price (WeBuyAnyCar) £143k
noble3r said:
Desert Dragon said:
I think cars still need to be much cheaper to sell. Ferrari main dealers trying to hold the line. Realistically how can a 5 year Ferrari be worth more than 50% of its MRSP? Ferrari have created a false mkt for years and thats great for customer and resale but in a mkt where fuel prices , insurance, servicing costs etc sky high dealers need a reality check or they'll simply be twiddling thumbs for the next 5 years. With these high end cars liquidity an issue as there are only so many people who can afford these with ease. Fine when residuals were sky high but there are are only so many people that can run these bought out right for cash without a care in the world for depreciation. Could be worse though you could have £265k in a 720s!
I agree. Prices being held artifically high by Ferrari main dealers, even with zero turnover. There is constantly 50> F12's for sale. Great if your a buyer. A 2014 15k miles average spec F12 in the trade will be £140k but you won't find any dealers willing to purchase outright in this climate. Come on privateers tell us what WeBuyAnyCar offered you online for your car...I found a 2015 high spec F12 with 4k on Autotrader with car registration visible. Asking price £220K. Trade price (WeBuyAnyCar) £143k
The worst pls buy my Ferrari youtube advert ever. Again I wouldn't be in a rush to buy that at £150k let alone £200k. I'd rather have an F12!
https://www.youtube.com/watch?v=JtdcEnvGOd4
Desert Dragon said:
I suppose in their shoes previously the market has always corrected itself and the classics have flown back up in price eventually look at Testarossa, 550, 575, 512 TR etc. With the dawn of the electric age they'll be waiting a long long time. Can't say I'd pounce on that high spec 2015 F12 even at £143k and I can just about afford it! Sentiment important too and it just doesn't feel like the right time to buy a £140k Ferrari.
The worst pls buy my Ferrari youtube advert ever. Again I wouldn't be in a rush to buy that at £150k let alone £200k. I'd rather have an F12!
https://www.youtube.com/watch?v=JtdcEnvGOd4
I watched that car guys video the other day. How things have changed a £70k loss in one year on a modern Ferrari, wow. I remember selling my Modena back to HROwen in 2002 after just under one year for a 5k loss.The worst pls buy my Ferrari youtube advert ever. Again I wouldn't be in a rush to buy that at £150k let alone £200k. I'd rather have an F12!
https://www.youtube.com/watch?v=JtdcEnvGOd4
I prefer the F12 as well.
cayman-black said:
I watched that car guys video the other day. How things have changed a £70k loss in one year on a modern Ferrari, wow. I remember selling my Modena back to HROwen in 2002 after just under one year for a 5k loss.
I prefer the F12 as well.
To be fair, all that he’s lost is the crazy £75k cost of options he’s put on the car. If he’d spent a more normal £20-£25k on the usual must have’s the the trade value would have been the same and he’d be down only £25k. Triple layer paints and two tone finish is just flushing money down the toilet if buying to flip in a year or two. Madness to complain otherwise. Will make a good used buy though if that’s the spec you want.I prefer the F12 as well.
garystoybox said:
To be fair, all that he’s lost is the crazy £75k cost of options he’s put on the car. If he’d spent a more normal £20-£25k on the usual must have’s the the trade value would have been the same and he’d be down only £25k. Triple layer paints and two tone finish is just flushing money down the toilet if buying to flip in a year or two. Madness to complain otherwise. Will make a good used buy though if that’s the spec you want.
Either way, the car sold within a day/they had a customer waiting for it.It was a pretty specced car but as you said damian went a little mad on his box ticking expedition although I must admit I do rather like Rosso Fuoco ...
Insurancejon said:
ferdi p said:
Insurancejon said:
mines for sale at an independent, and Ferrari the warranty does run out till june 2021. it appears when they change hands via the the main dealers the warranty gets extended by 2 years. so if it had some left, you end up with quite a long warranty period
Link? I'm currently looking...https://www.sterlingmotors.co.uk/used-cars/1031078...
i tend to agree these are the last of an era (perhaps of THE era) so it makes me profoundly sad to think that one day we might be faced with Taycan level of engagement and social stigma of owning these wonderful machines, as absurd and hypocrite as that may be
rosino said:
Insurancejon said:
ferdi p said:
Insurancejon said:
mines for sale at an independent, and Ferrari the warranty does run out till june 2021. it appears when they change hands via the the main dealers the warranty gets extended by 2 years. so if it had some left, you end up with quite a long warranty period
Link? I'm currently looking...https://www.sterlingmotors.co.uk/used-cars/1031078...
i tend to agree these are the last of an era (perhaps of THE era) so it makes me profoundly sad to think that one day we might be faced with Taycan level of engagement and social stigma of owning these wonderful machines, as absurd and hypocrite as that may be
noble3r said:
I found a 2015 high spec F12 with 4k on Autotrader with car registration visible. Asking price £220K. Trade price (WeBuyAnyCar) £143k
Is WBAC realistically indicative of trade/CAP prices on cars like the F12? I just put a couple of reg's into the system and I can't quite believe what their offer prices are at the moment (sub £120k)....jakesmith said:
They aren't interested in that type of car so bid you ridiculously low. They like stuff they can easily shift through BCA, things like 1-5 year old mass market cars
I partially agree with WBAC point however do you know many dealers around that would pay straight away £140-150k for same car to buy it outright? I seriously doubt. Even if they were to buy it outright, the offer is gonna be close to WBAC. Correct me if I am wrong but I think historically the cars use to loose 50% over initial 3-4 years. We had rather artificial market in past years that is now over (I believe) and the Ferrari dealers would have to get real at some point. I monitor F12 and 488Spider market for 6 month now and as far as I can see not many cars are selling4leks said:
I partially agree with WBAC point however do you know many dealers around that would pay straight away £140-150k for same car to buy it outright? I seriously doubt. Even if they were to buy it outright, the offer is gonna be close to WBAC. Correct me if I am wrong but I think historically the cars use to loose 50% over initial 3-4 years. We had rather artificial market in past years that is now over (I believe) and the Ferrari dealers would have to get real at some point. I monitor F12 and 488Spider market for 6 month now and as far as I can see not many cars are selling
I cant see one F12 that i have looked at in the last three months that has now sold.Just to add I wonder if a cheeky offer of £150k would be accepted?
https://preowned.ferrari.com/en/it/search/2013/fer...
Edited by cayman-black on Sunday 19th January 14:12
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