1st sub £250k 296 GTB?

[oharedm]

https://www.pistonheads.com/buy/listing/15863167?u...

20 cars now on Autotrader.

[garystoybox]

I was offered a very high spec one for £237k 2 months ago from a main dealer. Admittedly had a few miles on it but I’d negotiate hard on the advertised figure as Ferrari try to hold up advertised prices whilst happily discounting to shift their ever increasing stock of 296’s.

[Nuttbelle]

oharedm said:

https://www.pistonheads.com/buy/listing/15863167?u...

20 cars now on Autotrader.

What was list price on that ?

[is-uk]

Circa £267k.

[jackal]

there's been quite a few at under 250k ... under the radar via main dealer

[Nuttbelle]

is-uk said:

Circa £267k.

Wow, that's going to push prices down on F8 and everything under.
Prices are tumbling on all these over produced cars.

Only the rarest supercars have a chance of not crashing. Has to be something limited and sought after

[NGK210]

No Ferrari-approved used 296s on PH nor AT.
Indie dealers asking c. £260k, 27 cars on AT.
Currently, Ferrari .com has 41 UK-based used GTBs, most are 1 owners, and all are POA.
What’s going on?

[MDL111]

I still think it is a very pretty car - one of the few pretty ones produced during the last decade

[maura]

NGK210 said:

No Ferrari-approved used 296s on PH nor AT.
Indie dealers asking c. £260k, 27 cars on AT.
Currently, Ferrari .com has 41 UK-based used GTBs, most are 1 owners, and all are POA.
What’s going on?

Clearly more Ferraris were purchased on Finance than I thought… I thought it was 25 to 30%, but speaking to 1 dealer says it’s more like Porsche, 75 to 80%. Everyday is a learning day…

[cgt2]

Plenty of main dealers are offering their demo cars out for under 250k. I believe they are not allowed to openly advertise them all yet but phone a couple and it's clear there are cars available immediately.

[r o n n i e]

MDL111 said:

I still think it is a very pretty car - one of the few pretty ones produced during the last decade

Agreed.

The 296 is also one of those cars that looks much better in the flesh than in photos.

In person you physically see it is a small car and the hunches and curves are more apparent.

Originally I was sceptical to ev… weight, replacement costs, warranty issues, etc, but the more I drive them, 296, Artura… if done right, i.e. “light-ish” weight, car still overall ICE focused, I’m becoming a fan.

Instant power to complement the combustion engine. Even learning to like the hybrid engine + ev motor sound mix.

[NGK210]

Agreed. Looks great in the metal. And the powertrain is spectacular.

Apart from one aspect of egregious, ongoing cost-cutting, which the majority conveniently ignore:

Ferrari’s cynical non-adoption of twin fuel injection – ie, port and direct – to eliminate carbon buildup on inlet valves in GDI engines.

“Cynical”? Yeah, who cares if a GDI engine’s inlet valves are coated in power-sapping, emissions-increasing ‘tar’ at 20k miles – who acrues more than 20k during their Ferrari ownership anyway?

Of course, a contemporary Ferrari-designed and -built V6 turbo with dual injection does exist. But not in any Ferrari. It lives in the Alfa Giulia QV, 2021 MY onwards.

Edited by NGK210 on Saturday 9th December 16:58

[oharedm]

Dropped £20k in 2 months.

[NGK210]

oharedm said:

Dropped £20k in 2 months.

Methinks: “‘AT price tracker’ – what is that??!!”
Didn’t know about the Chrome price tracker thingy.
Fantastic!
Thanks for the clue.

[oharedm]

The trade can't hide now.
An even better example, had it up since Feb 23, down £70k

[andymc]

oharedm said:

The trade can't hide now.
An even better example, had it up since Feb 23, down £70k

It can, you just end the advert and relist it

[gunner]

Full respect to anyone who has one but I was recently offered a high spec registered but ubdriven 296 that had never left the dealership for 70k off list. Admittedly it was a 'distressed' sale and there's no way without the relationship I had with the DP I'd have seen that price but it has to suggest something on where these cars are heading. 250K is all the money for a 296...

[Calculator]

Why do you see a better price based on your relationship with the dealer? Did they ultimately sell it to someone with a lesser relationship at a higher price? Given it was distressed I guess it was SOR?

[gunner]

I phrased that poorly. I guess what I was trying to say was that he and I go back well over 20 years. He clearly was unhappy at having to discount the car so heavily so was making only select calls himself, rather than thru his salesforce, in the hope of getting it gone quickly and quietly. I wasn't a buyer, but I'm sure a deal like that will have tempted someone else pretty quickly. Still, it feels to me like these, for all their undoubted excellence, are coming down heavily over the Winter...

[mikebradford]

Spotted my first one on the outskirts of Halifax this week gone.
Looked very small and curvy. However it lacked real presence for me.
Surprised me that it didn't instigate any desire unlike some of the former ferrari models. Maybe others feel the same and with harder to get finance deals this model will struggle to shift at elevated prices.