The Β£100K 458...

The Β£100K 458...

Author
Discussion

Durzel

7,906 posts

115 months

Thursday 31st October
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I don’t know why you’d be looking at R8s if you were in the market to buy a 458, to be honest, unless you were just looking to save money, and if that were the case paying a top end price for one seems counterproductive.

LindsayMac

525 posts

149 months

Friday 1st November
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I love driving interesting fast cars, I see 458 as a long term keeper. The others I see as fun times, I often do not go for the max I can afford, more about the enjoyment of various machines. If I really want to go quick I just nip of to the track in my Radical....bring what you want. 🤭

I do take onboard what is mentioned with the V10 plus Depreciation risk.
I have just been offered a nice 5k miles 570s for less than £90k, keep thinking these cannot keep dropping much more. Lot of car for the money.

JayK12

1,861 posts

149 months

Monday 4th November
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This looks great and well priced i think.

https://redlinespecialistcars.co.uk/used-cars/ferr...

Only down side is no race seats and interior colour. For someone who doesn't mind it looks a nice one.

Candellara

1,006 posts

129 months

Tuesday 5th November
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LindsayMac said:
I'm ready to dip my toes back into this market, 458 Italia is my preference but good spec with CF seats, wheel and in a nice colour, red or grey are all asking £155ish for under 13k miles.

.
Just be aware of the trade values as and when you want to get out of it. A 2012 car with sub 20k miles will trade at below £100k so there's a big differential between trade and retail on these cars - well, inline with other cars of this retail value.

I remember checking the "trade" value of my 360CS whilst I was purchasing it from Graypaul's. The trade price on my 98k CS (quite a few years ago now) was 70k from Maranello.

LindsayMac

525 posts

149 months

Tuesday 5th November
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Candellara said:
LindsayMac said:
I'm ready to dip my toes back into this market, 458 Italia is my preference but good spec with CF seats, wheel and in a nice colour, red or grey are all asking £155ish for under 13k miles.

.
Just be aware of the trade values as and when you want to get out of it. A 2012 car with sub 20k miles will trade at below £100k so there's a big differential between trade and retail on these cars - well, inline with other cars of this retail value.

I remember checking the "trade" value of my 360CS whilst I was purchasing it from Graypaul's. The trade price on my 98k CS (quite a few years ago now) was 70k from Maranello.
I was thinking the spread would be around £20k but that is worse than I thought. Hope one comes up in the private sector then....

sone

4,375 posts

185 months

Wednesday 6th November
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LindsayMac said:
Candellara said:
LindsayMac said:
I'm ready to dip my toes back into this market, 458 Italia is my preference but good spec with CF seats, wheel and in a nice colour, red or grey are all asking £155ish for under 13k miles.

.
Just be aware of the trade values as and when you want to get out of it. A 2012 car with sub 20k miles will trade at below £100k so there's a big differential between trade and retail on these cars - well, inline with other cars of this retail value.

I remember checking the "trade" value of my 360CS whilst I was purchasing it from Graypaul's. The trade price on my 98k CS (quite a few years ago now) was 70k from Maranello.
I was thinking the spread would be around £20k but that is worse than I thought. Hope one comes up in the private sector then....
I have always taken great comfort in the main dealers 2 year warranty but I suppose it depends what value you put on that. I also wouldn't take much stock in advertised prices, there are deals to be done even with the main dealers!

Candellara

1,006 posts

129 months

Wednesday 6th November
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LindsayMac said:
I was thinking the spread would be around £20k but that is worse than I thought. Hope one comes up in the private sector then....
I'd say it was at least double that and then some more. just get a reg number and check the trade value out with your friendly local supercar independent dealer :-) Nice 2012 cars seem to retail around the 140k mark. Trade is between 90 and 100 depending on how much margin they have in the car you're buying. Early 2010 cars are getting very cheap now (trade prices)

I've always double checked the trade price on anything i'm buying simply because if you want to get out of it in a hurry - that's the type of money you'll be offered. It's normally very sobering and one of the reasons SOR is so popular.

Fancy showrooms and dealer facilities cost a lot of money so no surprise they have to operate at these sort of margins. I think another factor that isn't helping this market anymore is that buyers are a lot more informed nowadays. It's really very easy to compare finance costs, look at trade values etc and the true total cost of ownership becomes that much more apparent - even more so in a declining market.

Edited by Candellara on Wednesday 6th November 10:12

Durzel

7,906 posts

115 months

Wednesday 6th November
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~£20k would probably be do-able if buying privately and selling back to a dealer. Less if you could sell it privately, but if you're keen to exit that might not be practical. Don't know SOR numbers really.

I'd imagine you could be looking at £35k+ spread nowadays if you bought from a main dealer and sold back to them, depending on the usual factors.

Super popular spec & colour cars will have less of a spread. It's a pretty simple calculus really - if the dealer sells those cars hand over fist (e.g. pretty much every first time F car buyer wants a red one with decent spec) then you'll get a more aggressive trade bid. If you buy a yellow one with burgundy seats because you just love that combo then expect to lose your shirt when you try and sell it on.

Ferrari Power Warranty is great but doesn't cover the stuff most likely to go wrong on these cars - the shocks. But, it is still peace of mind, and you pay for that.

Edited by Durzel on Wednesday 6th November 11:07

Candellara

1,006 posts

129 months

Wednesday 6th November
quotequote all
Durzel said:
Ferrari Power Warranty is great but doesn't cover the stuff most likely to go wrong on these cars - the shocks. But, it is still peace of mind, and you pay for that.

Edited by Durzel on Wednesday 6th November 11:07
How much is a Power warranty nowadays? IIRC it was £3k PA for the Strad - back in 2009

PrancingHorses

2,226 posts

154 months

Wednesday 6th November
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Plenty of earlier posts and threads on PH about how that Power Warranty is not worth it. Does not cover most items that go wrong on a 458 (suspension etc). Warranty Direct used to be much better but they stopped covering Ferrari's. I would buy without and keep money in a pot for when and if it does go wrong.

rosino

1,220 posts

119 months

Wednesday 6th November
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PrancingHorses said:
Plenty of earlier posts and threads on PH about how that Power Warranty is not worth it. Does not cover most items that go wrong on a 458 (suspension etc). Warranty Direct used to be much better but they stopped covering Ferrari's. I would buy without and keep money in a pot for when and if it does go wrong.
I thought the new Power15 warranty was better than the old system ?

ghost83

3,303 posts

137 months

Wednesday 6th November
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Where can you check trade prices?

Wbac any good

Edit: in fact I see what you mean looked at wbac just now found a private seller 458 up at 139k wbac says £100k

Edited by ghost83 on Wednesday 6th November 21:49

355fiorano

343 posts

189 months

Wednesday 6th November
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Thought I'd give WBAC and see what comes out ...
My 14k mile Challenge Stradale (which was an option in the drop box) is worth £69,300 ... in fact probably 20% less as there is no option for LHD
Anyone want to give me a bag of peanuts for it ? spin

Durzel

7,906 posts

115 months

Wednesday 6th November
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Unfortunately as with other cars private sellers often have a pretty inflated opinion of what their car is worth.

You can find the odd sensible owner but there will be many more who have got a trade in price, been unhappy with it, and thought “I’ll just try selling it for what they’d retail it for” (or going rate minus a couple of k or something). Strange.

Order66

6,082 posts

196 months

Wednesday 6th November
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Some very doubtful talk on spreads here - if there was a £35k+ spread you'd see a stronger private market. WBAC values are NOT representative of dealer spread. When I bought my car I know it was a £15K spread from seeing both sides of the equation, that was 2 years ago and while I do believe the dealers will have a bit more in their pocket these days, its not an additional £20k - markets just don't work like that and the dealers would put themselves out of business with a 50% markup.

Taffy66

2,909 posts

49 months

Wednesday 6th November
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The good thing about the big spread in 458 prices is if i wake up and get a moment of weakness reality kicks in and i end up keeping mine..Very, very special car IMO and it would take a Speciale to replace mine..

ghost83

3,303 posts

137 months

Wednesday 6th November
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Taffy66 said:
The good thing about the big spread in 458 prices is if i wake up and get a moment of weakness reality kicks in and i end up keeping mine..Very, very special car IMO and it would take a Speciale to replace mine..
I know the specialé is supposed to be better but I prefer the prettier 458 normal car over the speciale

ghost83

3,303 posts

137 months

Thursday
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Order66 said:
Some very doubtful talk on spreads here - if there was a £35k+ spread you'd see a stronger private market. WBAC values are NOT representative of dealer spread. When I bought my car I know it was a £15K spread from seeing both sides of the equation, that was 2 years ago and while I do believe the dealers will have a bit more in their pocket these days, its not an additional £20k - markets just don't work like that and the dealers would put themselves out of business with a 50% markup.
Thing is if trade prices are going for around 100k then it is representative because if ppl want out the first things they do will ask a dealer and look at wbac, I went to see about a 2yr old R8 a few weeks ago and Audi blatantly looked at wbac to get a value on my daily golf gti, then they offered me £200 above the wbac offer, so dealers will be using it and I imagine Ferrari and any others will too,

davek_964

6,075 posts

122 months

Thursday
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ghost83 said:
Thing is if trade prices are going for around 100k then it is representative because if ppl want out the first things they do will ask a dealer and look at wbac, I went to see about a 2yr old R8 a few weeks ago and Audi blatantly looked at wbac to get a value on my daily golf gti, then they offered me £200 above the wbac offer, so dealers will be using it and I imagine Ferrari and any others will too,
I'd be a tad surprised if your average Ferrari dealer is using WBAC as a yardstick for valuing a Ferrari.

I also doubt that most supercar owners use WBAC as a starting point when they want to sell their car (let's not get into what qualifies as a supercar though).

garystoybox

258 posts

64 months

Thursday
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davek_964 said:
I'd be a tad surprised if your average Ferrari dealer is using WBAC as a yardstick for valuing a Ferrari.

I also doubt that most supercar owners use WBAC as a starting point when they want to sell their car (let's not get into what qualifies as a supercar though).
It’s madness to think a Ferrari main dealer will look at WBAC.... the dealers and the factory know the market prices better than anybody. For example last December WBAC showed a trade value of £107k for my 458, whilst the dealer happily offered me £130k. Ok, the markets moved a little but the spread of trade to retail price is still £15-£20k on a rosso well specced car.