UK 296 GTB Values
UK 296 GTB Values
Author
Discussion

MingtheMerciless

620 posts

235 months

Thursday 19th February
quotequote all
If it was me I'd get the newer GTS. Both because it is newer and has a longer warranty and because (IMHO) the roof brings another dimension without any real world disadvantages.

stevep3

15 posts

108 months

Sunday 22nd February
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Has anyone had to buy extended warranty yet , just been quoted £7400 for one year

LondonCarGuy

Original Poster:

84 posts

6 months

Sunday 22nd February
quotequote all
stevep3 said:
Has anyone had to buy extended warranty yet , just been quoted £7400 for one year
One year for a 296? From Ferrari? This was from late last year from a Ferrari dealer...



bennno

15,066 posts

295 months

Sunday 22nd February
quotequote all
LondonCarGuy said:
One year for a 296? From Ferrari? This was from late last year from a Ferrari dealer...


So in real terms it’s not hugely different from a v8 / v12 Ferrari despite the battery replacement and huge increase in performance….

LondonCarGuy

Original Poster:

84 posts

6 months

Sunday 22nd February
quotequote all
bennno said:
So in real terms it s not hugely different from a v8 / v12 Ferrari despite the battery replacement and huge increase in performance .
Agree. Not far from the V12.

mr_tony

6,347 posts

295 months

Thursday 5th March
quotequote all
Picked mine up last week. 23 gts, good spec, blu America which is rather lovely, carbon everything pretty much including the seats which so far I’m liking; getting to grips with the touch controls pretty well, Apple CarPlay well integrated and bloody hell it’s quick. Probably too,quick really, but being able to drop the roof gives it the extra dimension, and the opening rear window is a fun touch.. battery all checked out, bargained hard and got a good discount, and the kers extended to 2030. Looking forward to doing some fun trips in it soon..

Thanks for the useful thread…


LondonCarGuy

Original Poster:

84 posts

6 months

Friday 6th March
quotequote all
mr_tony said:
Picked mine up last week. 23 gts, good spec, blu America which is rather lovely, carbon everything pretty much including the seats which so far I m liking; getting to grips with the touch controls pretty well, Apple CarPlay well integrated and bloody hell it s quick. Probably too,quick really, but being able to drop the roof gives it the extra dimension, and the opening rear window is a fun touch.. battery all checked out, bargained hard and got a good discount, and the kers extended to 2030. Looking forward to doing some fun trips in it soon..

Thanks for the useful thread

Beautiful car, enjoy it!

LondonCarGuy

Original Poster:

84 posts

6 months

Friday 6th March
quotequote all
mr_tony said:
Picked mine up last week. 23 gts, good spec, blu America which is rather lovely, carbon everything pretty much including the seats which so far I m liking; getting to grips with the touch controls pretty well, Apple CarPlay well integrated and bloody hell it s quick. Probably too,quick really, but being able to drop the roof gives it the extra dimension, and the opening rear window is a fun touch.. battery all checked out, bargained hard and got a good discount, and the kers extended to 2030. Looking forward to doing some fun trips in it soon..

Thanks for the useful thread

Beautiful car, enjoy it!

XMA Simon

420 posts

179 months

Friday 6th March
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mr_tony said:
Beautiful car Tony. Congratulations.

JJ77

567 posts

74 months

Friday 6th March
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Blu America clean is a beauty.

mr_tony

6,347 posts

295 months

Friday 6th March
quotequote all
For those who are looking there seems to be pretty wide variability in pricing. Different dealers with similar spec cars varied considerably in their appetite for discounts, ability to add warranty etc. so make sure you apply a systematic process to searching, I’m usually the kind of buyer who falls in love with a specific car and has to have it, and I was careful not to do that and I think it saved me a chunk of change and got me a better car..

bennno

15,066 posts

295 months

Friday 6th March
quotequote all
mr_tony said:
For those who are looking there seems to be pretty wide variability in pricing. Different dealers with similar spec cars varied considerably in their appetite for discounts, ability to add warranty etc. so make sure you apply a systematic process to searching, I m usually the kind of buyer who falls in love with a specific car and has to have it, and I was careful not to do that and I think it saved me a chunk of change and got me a better car..
Discounts are irrelevant, its ultimately about age / condition / warranty / spec / price - if you are flexible about colours and less bothered about resale then you can pick up a main dealer warranted 296GTS for £215-£220k at the moment then you've probably done ok. Id wager it would return at least 80% of that back next year.

LondonCarGuy

Original Poster:

84 posts

6 months

Friday 6th March
quotequote all
So far in March the median asking price of a Ferrari Approved 296 GTB remains at £199k. The IQR has fallen from £198-209k in February to £195-209k in March. We now have four cars in the £180's (vs three in Feb). So although the median is flat sequentially, prices are bleeding at the lower end. As we enter spring, it does not seem like the better weather is lifting prices.

September: £209k
October: £209k
November: £205k
December: £205k
January: £199k
February: £199k
March: £199k

bennno

15,066 posts

295 months

Friday 6th March
quotequote all
LondonCarGuy said:
So far in March the median asking price of a Ferrari Approved 296 GTB remains at £199k. The IQR has fallen from £198-209k in February to £195-209k in March. We now have four cars in the £180's (vs three in Feb). So although the median is flat sequentially, prices are bleeding at the lower end. As we enter spring, it does not seem like the better weather is lifting prices.

September: £209k
October: £209k
November: £205k
December: £205k
January: £199k
February: £199k
March: £199k
There still hasn’t been better weather, wait till May / June.

Although the Middle East clusterfk will dampen spending.

MingtheMerciless

620 posts

235 months

Friday 6th March
quotequote all
That is a lovely colour. Mine has been in the shop because of a bizarrely old school problem. A switch for the adaptive cruise was broken and the steering wheel had to go to Maranello. I know ACC is not obvious but I tend to treat the long trips to the good road as just transport when the stereo and all that stuff come into play before you stop, set it up, and then ignore all that stuff and concentrate on the real reason you bought it.

So next week I pick it up and I'm going maybe to the Spelga Dam or the Wild Atlantic Way or both and I'll stop when I get tired wherever that is.


mr_tony

6,347 posts

295 months

Friday 6th March
quotequote all
bennno said:
Discounts are irrelevant, its ultimately about age / condition / warranty / spec / price - if you are flexible about colours and less bothered about resale then you can pick up a main dealer warranted 296GTS for £215-£220k at the moment then you've probably done ok. Id wager it would return at least 80% of that back next year.
Agree benno- the point on discount was more that there seems to be quite a wide disparity between dealers on list pricing, and the price they’re prepared to deal at. Some seem to discount a lot more aggressively than others (based on a pretty limited number of cars I looked at admittedly)

MingtheMerciless

620 posts

235 months

Friday 6th March
quotequote all
PS apologies for the distraction from values.

I tend to not worry too much. I ain't selling. I expected depreciation. I have finite days left. I will turn left on airplanes or else my children will.

stevep3

15 posts

108 months

Saturday 7th March
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Well considered selling and going back to V8 done 17000 miles in mine , went out today for a drive blown away no way going back just love the car the sound and performance 😁

LondonCarGuy

Original Poster:

84 posts

6 months

Saturday 7th March
quotequote all
stevep3 said:
Well considered selling and going back to V8 done 17000 miles in mine , went out today for a drive blown away no way going back just love the car the sound and performance ?
That's exactly it. Once you drive it, it'd difficult to go back. Acceleration is very addictive.

LondonCarGuy

Original Poster:

84 posts

6 months

Saturday 7th March
quotequote all
stevep3 said:
Well considered selling and going back to V8 done 17000 miles in mine , went out today for a drive blown away no way going back just love the car the sound and performance ?
That's exactly it. Once you drive it, it'd difficult to go back. Acceleration is very addictive.