UK 296 GTB Values
Discussion
LondonCarGuy said:
I've only owned mine since Feb. The one problem was that one day it did not want to change gears even though the dashboard said it was changing gears. It was stuck in first gear, whether i was in Auto or Manual mode. I pulled over, turned the car off and waited for a minute. Restarted it and it was fine.
Ahh - so some of the old school charm is retained then 
LondonCarGuy said:
col68 said:
I spoke with my dealer and they had only had HV problems with earlier 296 s on 5 cars which were attributed to software/charging issues, interested to hear owners real world experiences.
I've only owned mine since Feb. The one problem was that one day it did not want to change gears even though the dashboard said it was changing gears. It was stuck in first gear, whether i was in Auto or Manual mode. I pulled over, turned the car off and waited for a minute. Restarted it and it was fine.
LondonCarGuy said:
Sorry for late update. mid-July, the median asking price of a Ferrari Approved 296 GTB is £196k. The IQR is £193-200k.
September: £209k
October: £209k
November: £205k
December: £205k
January: £199k
February: £199k
March: £199k
April: £202.5k
May: £199k
June: £199k
July: £196k
It's okay. I'm not paying you.September: £209k
October: £209k
November: £205k
December: £205k
January: £199k
February: £199k
March: £199k
April: £202.5k
May: £199k
June: £199k
July: £196k
;-)
AB said:
Agreed, but not with tan interior though 
bennno said:
LondonCarGuy said:
Oh dear, things are moving lower still. Ferrari Approved 296 GTBs are now down to a median price of £195k and the IQR is £189-205k. 40% of the asking prices are now in the £180s.
Jeez, what s negative slant.Who here ever imagined they d be in a position to own a nearly new 830bhp hypercar for sub £200k
McLaren warranty is £6k plus servicing on top, with the Ferrari you don t pay for any serving until the car is 8 years old
SF90s have really started picking up now, they bottomed out late last year. Is this a sign that the market in general is turning on hybrids, or just super wealthy shunning the 849?
296 seems stupid cheap to me, but I kind of hope they keep drifting down as I'm not ready to sell my 570 yet!
296 seems stupid cheap to me, but I kind of hope they keep drifting down as I'm not ready to sell my 570 yet!
Chrisatronic said:
SF90s have really started picking up now, they bottomed out late last year. Is this a sign that the market in general is turning on hybrids, or just super wealthy shunning the 849?
296 seems stupid cheap to me, but I kind of hope they keep drifting down as I'm not ready to sell my 570 yet!
In the UK, SF90s are not going up in value currently. The median asking price is £285k currently, and it was also £285k at the end of 2025, so they are flat. 296 seems stupid cheap to me, but I kind of hope they keep drifting down as I'm not ready to sell my 570 yet!
Edited by LondonCarGuy on Sunday 26th July 17:57
paul0843 said:
Hi guys ,agree that 296 definitely looks like value at the moment .Sorry if this is a bit of a stupid question,but what would happen if someone bought one and occasionally forgot to charge it ?
Paul
1) You do not need to charge the car ever. Just use the car with some degree of regularity.Paul
2) If you don't use the car, yes you need to keep it on HV trickle charge. (The car's own HV system trickle charges the car's LV battery).
3) If you don't follow either 1) or 2) then the car will not start. Then you need Ferrari to get the car back up and working again. And you might have done damage to the LV and / or HV batteries which may require replacement. Certainly not in all circumstances, but you might be unlucky. Certainly draining down batteries below their minimum charges values does not help battery longevity.
I don't really see what the problem is. You can easily leave these cars for days, unplugged without concern. You just don't want to leave them multiple weeks unplugged without use. What is the cross over point / time period between "no problem" and "problem"? No idea and I don't want to find out. And if you are going to be away for a long period, guess what? Plug it in.
August update: median £199k and IQR of £192.3-206.8k. I have now constructed a graph of the monthly median and IQR (missing for Nov-Jan). From January '26, the median has largely been £199k, with an increase in April and decrease in July, but generally sideways. August is helped by some new higher priced cars just entering the market.
Wow, the market has really moved in just four days. In the winter, there were usually 24-ish Ferrari Approved 296 GTBs listed on AutoTrader, now we are down to just nine. Six are gone in four days. The summertime is definitely in full swing before dealers rebuild inventories in the autumn. The median has dropped to £197k, but most of the cars that disappeared were in the middle, so now the IQR is WAY wide. Updated chart:
Heading into the summer end, inventories are getting light. In January/February, there was regularly +24 Ferrari Approved GTBs available. Now, there's only eight on AutoTrader and 12 on the Ferrari website. See how that builds back up into December. Similar with other models, there were a dozen 812 SFs, now just one on Ferrari website.
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