The £100K 458...

[dmahon]

If you were putting in offers on 458s or 488s, where would you be going in at (% offer) if you didn’t want to wait for an obvious correction on Autotrader?

Thinking of picking one up if we are stuck in the UK for the summer, and though I’m not bothered about nailing anyone to the wall, I don’t want to take a massive hit on depreciation.

[johnnyreggae]

Compare the price of the 458 about to auction on Collecting Cars to its original ad as a basis then expect to lose at least twenty grand if you sell after the summer

[PrancingHorses]

Prices are certainly dropping now. A decent 458 Italia can be had for £125k and a decent spider circa £135/140k now.

All this talk about the 458 being worth more than a 488 in the future I am not sure as it is the 488s that are driving down the 488 prices. Once the F8 hits the used markets and drives down the prices below we will really know which way things sway - i.e if the 488 drops below a 458. Historically I don't think this has ever happened for a mainstream model? Where the previous car was worth more than the next gen car?

[Lee Jones Jnr]

PrancingHorses said:

Prices are certainly dropping now. A decent 458 Italia can be had for £125k and a decent spider circa £135/140k now.

All this talk about the 458 being worth more than a 488 in the future I am not sure as it is the 488s that are driving down the 488 prices. Once the F8 hits the used markets and drives down the prices below we will really know which way things sway - i.e if the 488 drops below a 458. Historically I don't think this has ever happened for a mainstream model? Where the previous car was worth more than the next gen car?

355s overtook 360s for a while didn’t they?

[Durzel]

PrancingHorses said:

Prices are certainly dropping now. A decent 458 Italia can be had for £125k and a decent spider circa £135/140k now.

All this talk about the 458 being worth more than a 488 in the future I am not sure as it is the 488s that are driving down the 488 prices. Once the F8 hits the used markets and drives down the prices below we will really know which way things sway - i.e if the 488 drops below a 458. Historically I don't think this has ever happened for a mainstream model? Where the previous car was worth more than the next gen car?

It will be interesting to see what happens.

The major difference with 488 vs 458, as we all know, is the latter being "the last N/A".

If the 458 gets compressed then the F430 surely has to follow it down, as it's essentially the same "type" of car. For my money the 458 is the first car where Ferrari had to abandon the "you pay for the engine and the rest of the car is free" attitude. Aside from the mag suspension being a weak point it is solid, especially compared to the F430 with its chocolate manifolds and top mounts. Anyway, that's by the by.

360 is hard to call as it's a classic, though, in my opinion, not to the same degree as the F355 which is a band apart. I find it hard to imagine a world where the F430 is uniformly cheaper than the 360.

My gut feeling is that the 488 - being a considerably faster and newer car than the 458, might have an impact on 458 valuations, probably proportionately to how much it gets compressed by the F8. Maybe early 458s might emerge unscathed? But they have seen static pricing for several years, so maybe it's time they will drop.

Really hard to call though, I suspect you would get polarising opinions based on how much or indeed overvalued the whole N/A vs turbo thing is.

Edited by Durzel on Thursday 21st May 16:18

[WCZ]

Durzel said:

It will be interesting to see what happens.

The major difference with 488 vs 458, as we all know, is the latter being "the last N/A".

If the 458 gets compressed then the F430 surely has to follow it down, as it's essentially the same "type" of car. For my money the 458 is the first car where Ferrari had to abandon the "you pay for the engine and the rest of the car is free" attitude. Aside from the mag suspension being a weak point it is solid, especially compared to the F430 with its chocolate manifolds and top mounts. Anyway, that's by the by.

Edited by Durzel on Thursday 21st May 16:18

imo the 458 will be worth more than the 488 just on the basis of it being the last N/A, there's also a fair amount of people who wanted one whilst growing up that are coming up the age where they have real cash and aren't intrested in a 488

personally for the same price I'd prefer a 458 but I am most likely bias

[Order66]

WCZ said:

imo the 458 will be worth more than the 488 just on the basis of it being the last N/A, there's also a fair amount of people who wanted one whilst growing up that are coming up the age where they have real cash and aren't intrested in a 488

personally for the same price I'd prefer a 458 but I am most likely bias

Yep. Last NA is going to be absolutely crucial. To many its the last "real" Ferrari.

355 prices were/are solidly higher than 360 so there is precedent.

I definitely am biased, but not from a financial point of view as you'll have to prise mine out of my cold dead hands.

[Regy53]

PrancingHorses said:

Prices are certainly dropping now. A decent 458 Italia can be had for £125k and a decent spider circa £135/140k now.

All this talk about the 458 being worth more than a 488 in the future I am not sure as it is the 488s that are driving down the 488 prices. Once the F8 hits the used markets and drives down the prices below we will really know which way things sway - i.e if the 488 drops below a 458. Historically I don't think this has ever happened for a mainstream model? Where the previous car was worth more than the next gen car?

Where do you see this? Anywhere i look is much the same

[PrancingHorses]

Regy53 said:

PrancingHorses said:

Prices are certainly dropping now. A decent 458 Italia can be had for £125k and a decent spider circa £135/140k now.

All this talk about the 458 being worth more than a 488 in the future I am not sure as it is the 488s that are driving down the 488 prices. Once the F8 hits the used markets and drives down the prices below we will really know which way things sway - i.e if the 488 drops below a 458. Historically I don't think this has ever happened for a mainstream model? Where the previous car was worth more than the next gen car?

Where do you see this? Anywhere i look is much the same

Whats the same? This time last year the 458 Italia’s that are decent spec were all way over £145k...Spiders were touching £165/170k no longer the case. Search autotrader and you’ll see it yourself.

[av185]

Custard link to all these cheap 458s required.

Same as the GT3 threads many say lots of cheap cars about but strangely can never prove it..

[MingtheMerciless]

Mine would have to be cheap (2010, 30,000 hard miles) but as above - out of my cold dead hands. I will keep it forever unless Speciale and add more rather than sell it.

[Order66]

av185 said:

Custard link to all these cheap 458s required.

Same as the GT3 threads many say lots of cheap cars about but strangely can never prove it..

Yeah, searching AT I can't see anything you'd even remotely call a reasonable spec for under £130k, and a solidly decent spec starts a fair bit higher.

[Taffy66]

Order66 said:

Yeah, searching AT I can't see anything you'd even remotely call a reasonable spec for under £130k, and a solidly decent spec starts a fair bit higher.

I can't find any well specced 458s with full Ferrari main dealer service history for under £130k unless i'm missing something..Sure, there are a few under that but poor spec and/or incomplete SH..

[JiggyJaggy]

jsw777 said:

I too would be surprised if it got near to £115k. It was for sale at £119k for over 6 months and didn’t sell at a dealer.
There has also been a similar 2011 car listed for sale for most of the year that has bounced between £113-£115k and not sold and still advertised.

This looks a good example for starters....

https://www.autotrader.co.uk/classified/advert/201...

[PrancingHorses]

Ok cynics here you go lol I understand where you are all coming from being 458 owners. I used to have one too and will be buying another very soon but it's there to be seen - the prices are dropping for now. I sold mine back to a main dealer last summer and if I was to sell this today I would have been £35k worse off on trade in prices today.

Italia's below £135k - anyone with decent negotiating stills could knock circa £5k + off in todays climate

£110k - 19k miles - 2011 car - decent spec!
ttps://www.pistonheads.com/classifieds/used-cars/ferrari/458/ferrari-458-4-5-italia-auto-seq-2dr/10330169

£125k Main dealer car with 2 year warranty - 15k miles - 2010 car
https://www.pistonheads.com/classifieds/used-cars/...

£132k - 8k miles - 2011 car - mega spec in Rossa with Carbon Seats etc
https://www.pistonheads.com/classifieds/used-cars/...

£135k - 22k miles - 2012 car - mega spec in Rossa with Carbon Seats Main dealer with 2 year warranty
https://www.pistonheads.com/classifieds/used-cars/...

Spiders below £145k: (again pretty easy knocking £5k + off one of these)

£137,500 - 16k miles - 2012 - decent spec
https://www.autotrader.co.uk/classified/advert/202...

£137,995 - 21k miles - 2013 - MEGA spec - carbon seats and carbon porn fest
https://www.autotrader.co.uk/classified/advert/201...

£142,000 - 15k miles - 2013 - Rossa Corsa decent spec - Main Dealer - 2 year warranty
https://www.autotrader.co.uk/classified/advert/202...

£144k - 22k miles - 2013 - Black on Black - Carbon Porn Fest
https://www.autotrader.co.uk/classified/advert/202...


None of these cars are undesirable colours, specs or abnormally high mileages - all very good deals IMHO

I rest my case

Edited by PrancingHorses on Friday 22 May 14:11

[dmahon]

A few 458s came onto Autotrader at £110k-£120k with one in resale red at £115k. Mileage doesn’t look too bad for a 458 too. Any flaws on the car?

https://www.exoprestige.co.uk/used-cars/ferrari-45...

[PrancingHorses]

That's a left hand drive mate. Look at the links above. All legit cars with good prices.

[dmahon]

PrancingHorses said:

That's a left hand drive mate. Look at the links above. All legit cars with good prices.

I did miss that, but I think it’s also a new low even for a LHD in red? Haven’t been watching that closely though.

[jsw777]

PrancingHorses said:

Ok cynics here you go lol I understand where you are all coming from being 458 owners. I used to have one too and will be buying another very soon but it's there to be seen - the prices are dropping for now. I sold mine back to a main dealer last summer and if I was to sell this today I would have been £35k worse off on trade in prices today.

Italia's below £135k - anyone with decent negotiating stills could knock circa £5k + off in todays climate

£110k - 19k miles - 2011 car - decent spec!
ttps://www.pistonheads.com/classifieds/used-cars/ferrari/458/ferrari-458-4-5-italia-auto-seq-2dr/10330169

£125k Main dealer car with 2 year warranty - 15k miles - 2010 car
https://www.pistonheads.com/classifieds/used-cars/...

£132k - 8k miles - 2011 car - mega spec in Rossa with Carbon Seats etc
https://www.pistonheads.com/classifieds/used-cars/...

£135k - 22k miles - 2012 car - mega spec in Rossa with Carbon Seats Main dealer with 2 year warranty
https://www.pistonheads.com/classifieds/used-cars/...

Spiders below £145k: (again pretty easy knocking £5k + off one of these)

£137,500 - 16k miles - 2012 - decent spec
https://www.autotrader.co.uk/classified/advert/202...

£137,995 - 21k miles - 2013 - MEGA spec - carbon seats and carbon porn fest
https://www.autotrader.co.uk/classified/advert/201...

£142,000 - 15k miles - 2013 - Rossa Corsa decent spec - Main Dealer - 2 year warranty
https://www.autotrader.co.uk/classified/advert/202...

£144k - 22k miles - 2013 - Black on Black - Carbon Porn Fest
https://www.autotrader.co.uk/classified/advert/202...


None of these cars are undesirable colours, specs or abnormally high mileages - all very good deals IMHO

I rest my case

Edited by PrancingHorses on Friday 22 May 14:11

I’ve looked at the 2010 car as I want a red 458. They’ve offered a good price on my R8 and a reasonable discount on advertised price. Only downsides are 7 owners and the alloys (currently trying to see if they will change them or go further down so I could pick up a used set).

[jsw777]

dmahon said:

I did miss that, but I think it’s also a new low even for a LHD in red? Haven’t been watching that closely though.

Nope Tom Hartley Jnr sold a 2012 red with 8k on it for an advertised £99.5k.
https://www.instagram.com/p/B-XI4yiAqz5/?hl=en