f12 - sensible time to buy?

[anonymous-user]

ANOpax said:

Fair enough. And I think most people would agree with you which is why F12 residuals are stronger than the FFs. But if you turn the F12 into a shooting brake, you end up with.... the FF. Other than the aerobridge, they are stylistically very similar which is to be expected given that they were designed by the same house and produced at the same time with very similar underpinnings.

Edited by ANOpax on Friday 24th January 14:08

That is exactly what I am saying. It's like the F12 is a facelift of the FF. I think the rear in particular is more resolved. I also like the vent in the sides more.

[maura]

Npin said:

Certainly is a sensible time to buy F12, some of my petrolhead friends have all added a F12 to their stables last 12 months, and I’m so fed up with the UK right now and new car options, it’s finally time to purchase one. There are 2 standout cars I’m looking at, but one is a 3 layer paint option and wanted to ask members of F12 or any Ferrari 3 layer paint, an honest owners review? They look amazing in the Showroom, but I’m concerned by potential blending in issues, stone chips repainting, hopefully never, but this will be my forever car and have to have eyes wide open on this purchase. Appreciate any feedback and if PPF/Ceramic is confidence inspiring at all on these 3 layer paints.

Firstly, congrats for choosing a F12, brilliant cars.. PPF/Ceramic never stopped a bd of a stone chip that hit my 3 layer paint on Pista. It wouldn’t put me off buying a car with 3 layer and PPF, but it was a slight blending problem, due to its position, hit the stripe as well, went for a touch up option at main dealer, maybe it was psychological but I saw the slight imperfection. Enjoy the ownership, one of Ferraris Greatest Hits.

[maura]

B3NJY said:

I’ll never sell mine, still don’t think there’s a better looking car than an F12, hard to believe they are nearly 12 years old.

Can’t see it not being a classic in a matter of years

+1 think it’s already a classic. The Jeremy Clarkson Top Gear review is always a good watch again.

[Npin]

Thank you JD27 and Maura for your feedback.. probably leaning towards the non 3 layer paint car based on condition, lower owners. 1 of the cars has the black plaque in the boot with the options, and the other does not. Was that an option, a certain model year or can be requested/bought from dealer/factory as a retrofit?

[Jd27]

I could be wrong but I think the plaque with the spec was introduced for all Ferrari’s towards the end of the F12 production as a badge of honour for getting fleeced on the options. Hence you get it on all of them now, but was missing from some of the earlier F12’s (mine included). Are you sure you don’t want a triple layer

[Npin]

Stunning, I agree. Buying on condition and the higher mileage car non 3 layer, looks like new, just proves using it and looking after it should not deter buyers from buying average mileage Ferraris.

Yes, spoke with a dealer and sometime mid 2016 all Ferraris started with Options Plaque. Haha, yes a badge of honour on fleecing!

[SarlechS]

JJ77 said:

Nonsense, I wish.. I’ve been looking for close to 2 years, but I’m very spec dependent, as it will be my final purchase. Dross, 8 owner +, some Indy servicing, high mileage, auction cars are still £130k, 20,000 mile perfect history, Ferrari warranty, low owners are £150k +, and top of the pile low miles, mostly Ferrari dealer cars are £170k +….The Nottingham £145k car goes against the grain, the basic forged wheels and colour combo doesn’t help it, and maybe it’s got a huge amount of owners, but These have been the ranges since I started looking. Actually they have held up rather well, maybe due to the ridiculous new price of Ferraris now. I think once the spring comes, these F12 or 812 will see continued demand when the 12C are in the showrooms at £450k upwards, I would certainly prefer one of these great V12’s over the new hybrid v6 296, Roma or Portofino. Just looked on the Pistonheads classifieds, taking out the double adverts and TDF cars, the 17 available are exactly in the range, some even priced higher than £180k. Sorry just don’t see your point of view.

Edited by JJ77 on Monday 2nd December 20:33

I've seen these go as low as 130k in iconic auctions, i've also been watching the markets very closely as I'm in a 599GTB looking to move into an F12.

AT Price tracker and supercar depreciation channels on YouTube also confirm the same and they track global markets. Sorry we don't see eye to eye but the fact is prices have dropped on F12's

[DeejRC]

The F12 market is a little weird at the moment, in that it has changed in fairly recent times. It *has* tailed off from its high water mark, but looking at the prices currently it is being solely driven by miles. In previous yrs the F12 was driven much more by age, options and miles.
So my old car is currently up for sale at Colchester, for £5-10k less than I paid and £5-10k less than I sold. I forget the actually numbers sorry, but they were both £170kish. It’s a brilliant car and a 2016, so later, the upgraded screens etc yet there are uber “low” silly miles 2014 cars at £20k more. Which you would have to be a congenital fkwit to buy.

You never ever ever buy a big V12 donkey on miles. You always buy on age, condition and use!

[maura]

SarlechS.. if you are happy to buy from Iconic Auctions, then do it. JCT 600 have sold the Black 2015 car linked a page above at £170, and this Black one at £185k in the last 2 weeks during st weather. The market is super strong right now, but DeeJRC is right about mileage/price. I’m on my 3rd F12, 100% I’m not buying a V12 Ferrari of over 10 years without average pa mileage, these V12’s need to run. V8’s wouldn’t bother me. My first F12 was launch year and always got the shiny new one and sold within 6 months, 2nd one came to me in a business deal with 2000 miles on it after 8 years, nothing but problems, sold it and specifically went looking for a mid teen mileage/low 20’s car, night and day owner experience. Keeper, and I suspect most buyers now are looking to keep, such a brilliant back catalogue Ferrari. Main Dealer, Specialist or Iconic Auctions, what ever is your flavour, but I still think £150, average mileage, best history, condition is the sweet spot market.

https://www.jct600.co.uk/used-cars/ferrari-f12-ber...

Edited by maura on Tuesday 11th February 10:54

[maura]

+ The Nottingham Car I mentioned last year at £145k is now up for £165k at Nottingham in so/so spec. no softening in the market.

[JJ77]

SarlechS said:

I've seen these go as low as 130k in iconic auctions, i've also been watching the markets very closely as I'm in a 599GTB looking to move into an F12.

AT Price tracker and supercar depreciation channels on YouTube also confirm the same and they track global markets. Sorry we don't see eye to eye but the fact is prices have dropped on F12's

I get it, you want to bring down the upgrade cost, but the prices have been firm and found a bottom, you have to pony up for the best cars, not many about. Or head to the auctions, different histories and condition. UK Ferrari Market is totally different to global markets video threads. Hope you find the right car. I would love to get one but finance costs stalled that, so just ordered a lowly 992.

[Frankychops]

SarlechS said:

I've seen these go as low as 130k in iconic auctions, i've also been watching the markets very closely as I'm in a 599GTB looking to move into an F12.

AT Price tracker and supercar depreciation channels on YouTube also confirm the same and they track global markets. Sorry we don't see eye to eye but the fact is prices have dropped on F12's

I’ve been tracking since I started this thread. They have dropped, most of the car market has. If I’d bought what I went to look at, I’d be circa 30k +down. I can’t afford that. That’s since I started this thread.

They’re looking like amazing value at what some are selling at. The triple layer red is a lovey colour. When I next change, it’s got to be on the list still.

Edited by Frankychops on Wednesday 19th February 22:48

[SarlechS]

maura said:

SarlechS.. if you are happy to buy from Iconic Auctions, then do it. JCT 600 have sold the Black 2015 car linked a page above at £170, and this Black one at £185k in the last 2 weeks during st weather. The market is super strong right now, but DeeJRC is right about mileage/price. I’m on my 3rd F12, 100% I’m not buying a V12 Ferrari of over 10 years without average pa mileage, these V12’s need to run. V8’s wouldn’t bother me. My first F12 was launch year and always got the shiny new one and sold within 6 months, 2nd one came to me in a business deal with 2000 miles on it after 8 years, nothing but problems, sold it and specifically went looking for a mid teen mileage/low 20’s car, night and day owner experience. Keeper, and I suspect most buyers now are looking to keep, such a brilliant back catalogue Ferrari. Main Dealer, Specialist or Iconic Auctions, what ever is your flavour, but I still think £150, average mileage, best history, condition is the sweet spot market.

https://www.jct600.co.uk/used-cars/ferrari-f12-ber...

Edited by maura on Tuesday 11th February 10:54

I never said i was happy to buy a car from Iconic auctions, its just a key indicator of the wholesale market. As you are aware many supercar dealers will buy from auction spend a small bag of cash to prep the car to sellable standards and then flog on for a tidy profit. The F12's that sell in auctions are market sentiment, if the markets are slow, the prices drop. It standard supply and demand forces. This is what the trade are willing to pay.

As mentioned there are YouTube channels that track global markets for high end supercars and sports cars which also take into account mileage, condition and spec and these have also suggested prices have dropped.

Frankychops said:

I’ve been tracking since I started this thread. They have dropped, most of the car market has. If I’d bought what I went to look at, I’d be circa 30k +down. I can’t afford that. That’s since I started this thread.

They’re looking like amazing value at what some are selling at. The triple layer red is a lovey colour. When I next change, it’s got to be on the list still.

Edited by Frankychops on Wednesday 19th February 22:48

completely agree, glad someone else has been tracking as close as i have too. I also agree 30k depreciation is pretty steep when you factor in servicing and running costs

[SarlechS]

JJ77 said:

I get it, you want to bring down the upgrade cost, but the prices have been firm and found a bottom, you have to pony up for the best cars, not many about. Or head to the auctions, different histories and condition. UK Ferrari Market is totally different to global markets video threads. Hope you find the right car. I would love to get one but finance costs stalled that, so just ordered a lowly 992.

we'll have to agree to disagree but i'll urge you to watch fourwheel trader on youtube and search "Warning | V12 Ferrari Prices Continue to Drift Lower"

https://www.youtube.com/watch?v=RnMrjc3ZMTE&ab...

[maura]

2 Grey Cars, Amari Car at 189k and Ferrari Birmingham 175k Car sold last few days. That’s 6 cars sold all above 160k in January & February, bolds very well for Spring.

Edited by maura on Thursday 20th February 17:15

Edited by maura on Thursday 20th February 17:16

[SarlechS]

the majority for sale on auto trader have been on since mid last year with an average price drop of 5-14% in that 6 month period.

seems like the most desirable specs are selling but the average F12 (rosso red with carbon and sub 20k miles with average options ticked) isn't moving and markets are soft.

[Frankychops]

SarlechS said:

completely agree, glad someone else has been tracking as close as i have too. I also agree 30k depreciation is pretty steep when you factor in servicing and running costs

it is, that'd be closer to £35k all in. Luckily I decided to 'slum' it in a 650s thats managed to buck the market trend. first time thats ever happened.

[SarlechS]

Frankychops said:

it is, that'd be closer to £35k all in. Luckily I decided to 'slum' it in a 650s thats managed to buck the market trend. first time thats ever happened.

i think its hard to argue against the 650S i considered one before my 599 and i am still eyeing them up. They've got a lot more interest in them - especially now Harry Metcalfe recently bought one! - Congrats on the purchase

[bennno]

SarlechS said:

the majority for sale on auto trader have been on since mid last year with an average price drop of 5-14% in that 6 month period.

seems like the most desirable specs are selling but the average F12 (rosso red with carbon and sub 20k miles with average options ticked) isn't moving and markets are soft.

Hopefully, I’d really like one next, shape has really grown on me, makes an 812 appear fussy.

[maura]

SarlechS said:

the majority for sale on auto trader have been on since mid last year with an average price drop of 5-14% in that 6 month period.

seems like the most desirable specs are selling but the average F12 (rosso red with carbon and sub 20k miles with average options ticked) isn't moving and markets are soft.

Well that average £165k F12 has just gone under offer at Nottingham! Hardly soft. Thats 7 Ferrari & Indie sales in January & February and I think Philip Ireland sold a 165k one end of December, but not confirmed.