1st sub £250k 296 GTB?

[ferdi p]

GTS at 250k ish look good value to me, seriously considering one...

[MingtheMerciless]

I am hoping it will go down not much more than say the 488 or even back in the day the 458 did when new and in the first couple of years. Depreciation is to be expected unless you are fortunate enough to buy a "special" and if you are, you have bought more than your fair share of "ordinary" models. Try and get a GT3 from a Porsche dealer without ordering at least a Taycan and a Cayenne for the Mrs. Or a Taycan for the Mr. As the case may be.

[schaeffs]

ollyh1988 said:

I’m really tempted to go for one but also really nervous where the prices could go.

Had put my views up on thought process on these cars, but it's worth putting them down again I think.

For the amount of car you get in comparison to for example said F12 or even 812 Superfast, or as a closer comparison a 488 or F8 Tributo they make insanely good sense. F12 at £150k, 488 at £150k, 812 and F8 at £200k with the 296GTB at £190k and they are the real bargain in the Ferrari stable at the moment.

I think that's mainly due to the V6 hybrid dissonance and potentially the haptic GUI. In both cases these issues are massively overblown as:

a. The power-train is a masterpiece and will go down in the future as a real high note for a modern Ferrari. It really is that good.
b. The new warranty set-up sorts any lingering issues with power-train / battery issues (7/7 and 8th for battery replacement now).
c. The haptic controls are a real irritant for the first couple of weeks as you settle into it and figure things out. Once you get the hang of it though it becomes much more controllable and intuitive to the point where it's of minor note.

So essentially you are getting a brilliant car and to my eyes stunning looking car for a "knockdown" price due to the above (and the fact they built quite a few). In comparison to my GT3 which I have semi-DD'd it's actually a better car for daily UK road usage. It's more comfortable, easier to get in and out of and handles as well whilst performance is on another level. What you don't get is that "track refugee" feel that the GT3 has in abundance but it counters with a supreme ride/handling balance that's beguiling in a more DD situation.

So more importantly, where do they go now? I think with the Ferrari backing on warranty and dealer network (which I've found to be excellent) they are going to find themselves in the hands of people who will keep them for longer now. That will support prices somewhat. My personal view is that they float down to £150-160k over the next couple of years which in the context of the carnage that's befallen them up to now is pretty good going. £15-20k a year in depreciation isn't far off my X5MC, so all in all I'm more than relaxed taking that kind of hit for the upside in driving pleasure on a daily basis.

[maura]

Congrats on the car firstly. Agree to disagree on the rest that you said. Im an ex SF90 AF customer, as a 30 yr Ferrari buyer veteran, I buy cars, use them and get the next one. The SF90 AF is a phenomenal car, a tour de force Ferrari and made my Pista & Pista Spider redundant, but only in AF form, not standard set up. Sold it and took the 100k hit, which at the time was surprising as not many AF cars came to UK. At the 296 launch seeing that car against an AF SF90 the 296 looked bland, like a larger Lotus. Then to be told the UK price for a V6 Ferrari, didn’t take up my allocation for GTB or GTS. Now 2 years later it’s clear, Ferrari priced their Hybrid offerings too high from the off, and these price reductions are market driven, especially in the UK. Haptics as you say are over blown, but the Ferrari Hybrid product on UK second hand market are a big problem. It feels like a falling knife situation to me.

But please don’t compare F12/812 in your comparison, keep to the 488/F8 comparison. The V12’s are totally different cars, and people are now priotising the Ferrari Back Catalogue over these newer Ferrari’s.

Also, yes Ferrari are finally extending battery warranties for their hybrid products, but as far as I know you have to pay for them like their ICE cars, so Ferrari are not really standing by them as you put it, but maybe I’ve got this wrong and a NeW Factory Order 296 comes with 7 year Service & 7 year Warranty as standard, which I agree would help perceptions.

Anyway, you bought the car you wanted at the price you wanted, that’s a win and Blu America is beautiful and very underated as a Ferrari Blue option.

[AB]

I'd be buying one tomorrow at £160k

[MDL111]

The cheapest SF90 AF I can find on mobile.de is still c. 400k Euros (and the cheapest non-AF only 10k less) - I have kind of gotten used to the looks after seeing a few (I still think the 296 looks much much better, but the SF90 certainly has "presence"), but that is a lot of money for a standard production car.
And prices seem to be all over the place - 2021 30k km car 400k, and a 2024 car with 50km on the clock and a list price of nearly 600k, also 400k - wtf

[schaeffs]

maura said:

Congrats on the car firstly. Agree to disagree on the rest that you said. Im an ex SF90 AF customer, as a 30 yr Ferrari buyer veteran, I buy cars, use them and get the next one. The SF90 AF is a phenomenal car, a tour de force Ferrari and made my Pista & Pista Spider redundant, but only in AF form, not standard set up. Sold it and took the 100k hit, which at the time was surprising as not many AF cars came to UK. At the 296 launch seeing that car against an AF SF90 the 296 looked bland, like a larger Lotus. Then to be told the UK price for a V6 Ferrari, didn’t take up my allocation for GTB or GTS. Now 2 years later it’s clear, Ferrari priced their Hybrid offerings too high from the off, and these price reductions are market driven, especially in the UK. Haptics as you say are over blown, but the Ferrari Hybrid product on UK second hand market are a big problem. It feels like a falling knife situation to me.

But please don’t compare F12/812 in your comparison, keep to the 488/F8 comparison. The V12’s are totally different cars, and people are now priotising the Ferrari Back Catalogue over these newer Ferrari’s.

Also, yes Ferrari are finally extending battery warranties for their hybrid products, but as far as I know you have to pay for them like their ICE cars, so Ferrari are not really standing by them as you put it, but maybe I’ve got this wrong and a NeW Factory Order 296 comes with 7 year Service & 7 year Warranty as standard, which I agree would help perceptions.

Anyway, you bought the car you wanted at the price you wanted, that’s a win and Blu America is beautiful and very underated as a Ferrari Blue option.

Thanks for the kind words on the car - IMO it's an underrated one at the moment but won't be for long. I actually think the car is very pretty (get the rear flanks point but it's very 250LM and I really like that).

Couple of points from my perspective on this:
- V12 cars - they were definitely part of my thought process when choosing which Ferrari to go for so I'd definitely include them. In the end they didn't work for me as I value the mid-engined driving experience and driving them back to back I just plain preferred the 296.

- The warranty situation is also far better on the newer cars. (i.e 2 years for an older one but 5-6 years for the newer cars). Ferrari gave me the balance of 7/7 so for me it was a no-brainer. For the 8th (battery replacement - yes there is an extra cost. One I am willing to pay to ensure peace of mind and if it's sold an easier sale.

- SF90AF - I've been lucky enough to have had extensive use of one, and whilst I enjoyed the driving experience I found it a little inert for me. I preferred the 296's playfulness when I drove it TD wise (although now experiencing it on cold tyres in the winter it can be very lively!) So for the extra £100k it wasn't worth it for me - others will find the opposite though and they have the same warranty benefits as the 296.

- Agree with you on the pricing point - the cars have had an almighty hit on that, but for me that's a good point if you are buying second hand, as they car has repriced to where it should have been in the first place so IMO the depreciation will be less cliff and more slope.

- In any event in the end its your own money and you make your own choice. I wanted to put the point out that you shouldn't be too nervous on the value of the car as it's fabulous to drive and own.

[cgt2]

MDL111 said:

The cheapest SF90 AF I can find on mobile.de is still c. 400k Euros (and the cheapest non-AF only 10k less) - I have kind of gotten used to the looks after seeing a few (I still think the 296 looks much much better, but the SF90 certainly has "presence"), but that is a lot of money for a standard production car.
And prices seem to be all over the place - 2021 30k km car 400k, and a 2024 car with 50km on the clock and a list price of nearly 600k, also 400k - wtf

Europe and the UK are completely different markets, different supply, different economic drivers and bear absolutely no relation to each other at the moment (and arguably never did in the past).

A 20 year old LHD 997 is worth double in Europe compared to UK RHD prices.

Edited by cgt2 on Wednesday 5th March 12:41

[ollyh1988]

Is Lift essential on one of these? The AF cars don’t have it, but one I’m looking at is a standard GTB with no front lift. Ive driven a number of 296s and have never needed to use lift. I really like this car but is it going to put lots off at resale time?

[bennno]

ollyh1988 said:

Is Lift essential on one of these? The AF cars don’t have it, but one I’m looking at is a standard GTB with no front lift. Ive driven a number of 296s and have never needed to use lift. I really like this car but is it going to put lots off at resale time?

Been in maranello today and drove an AF car, it went over very large speed humps without issue.

[MingtheMerciless]

I specced mine with lift just in case it was an issue on resale but I don’t think it is actually necessary.

Some gratuitous handover pics from yesterday.

[JJ77]

ferdi p said:

GTS at 250k ish look good value to me, seriously considering one...

One coming up on Collecting cars soon.. might be an outliner.

https://collectingcars.com/for-sale/2024-ferrari-2...

[ferdi p]

JJ77 said:

ferdi p said:

GTS at 250k ish look good value to me, seriously considering one...

One coming up on Collecting cars soon.. might be an outliner.

https://collectingcars.com/for-sale/2024-ferrari-2...

This will be interesting!

[Trollbuster]

MingtheMerciless said:

I specced mine with lift just in case it was an issue on resale but I don’t think it is actually necessary.

Some gratuitous handover pics from yesterday.

Stunning, congrats

[Trollbuster]

ferdi p said:

JJ77 said:

ferdi p said:

GTS at 250k ish look good value to me, seriously considering one...

One coming up on Collecting cars soon.. might be an outliner.

https://collectingcars.com/for-sale/2024-ferrari-2...

This will be interesting!

I’m going to guess around £225k

[Familymad]

MingtheMerciless said:

I specced mine with lift just in case it was an issue on resale but I don’t think it is actually necessary.

Some gratuitous handover pics from yesterday.

What an amazing day. Epic

[JJ77]

Pulling up a chair and getting the popcorn ready.. Grigio Scuro not to everyone’s taste, 215k to 220k plus fees.

https://collectingcars.com/for-sale/2024-ferrari-2...

[TP321]

JJ77 said:

Pulling up a chair and getting the popcorn ready.. Grigio Scuro not to everyone’s taste, 215k to 220k plus fees.

https://collectingcars.com/for-sale/2024-ferrari-2...

what would have been the list price of this?

[garystoybox]

TP321 said:

JJ77 said:

Pulling up a chair and getting the popcorn ready.. Grigio Scuro not to everyone’s taste, 215k to 220k plus fees.

https://collectingcars.com/for-sale/2024-ferrari-2...

what would have been the list price of this?

Looks a very basic spec car but ticks a few of the basics i.e. carbon wheel, race seats, lift, hi-fi. Colour and wheels are standard. Might have come in just under £300k?

[maura]

Paint is chargeable now, so I would think just creeping over £300k.. probably looking at a £80k hit, hopefully for seller this ends on a weekend night after a few bidders have had some drinks..agree Grigio Scuro is a bit marmite.