The £100K 458...
Discussion
Calculator said:
£30k profit on a £180k car? 17% gross margin (pre prep)? Doesn't seem excessive?
Does to me - if they cut their margins they'd increase overall volume of sales. In reality for this sort of dealer you should want to get people in and out of cars every 6-12 months.If they could earn £10k every 6 months from each customer, or £20k every 18 months, you'd take option 1 every day.
I'm not sure what most ferrari buyers are like - but I'd guess most people would feel a bit miffed to pay 17% margin on trade vs. retail. Sounds a lot when you know most prestige dealers *seem* to want about £10k.
I've always bought privately, but it would seem from pricing that people are willing to pay the mark up for the peace of mind. If more bought privately, the spread would narrow.
ETA I suppose the selling price also reflects the lack of test pilots / hassle of selling privately. noone forces anyone to accept a trade bid or pay retail and you cannot blame the dealer for maximising profit.
ETA I suppose the selling price also reflects the lack of test pilots / hassle of selling privately. noone forces anyone to accept a trade bid or pay retail and you cannot blame the dealer for maximising profit.
Edited by Jules360 on Wednesday 19th June 17:20
Edited by Jules360 on Wednesday 19th June 17:21
Robbo66 said:
sone said:
Johnny997gt2 said:
sone said:
I'm really struggling with this, I can't find a dealer who's advertising just one 458 they all seem to have a few advertised.
Secondly the 458's are at best showing an average 25% drop over three years which seems very good to me!.
Ok one or two left hookers or high mileage cars are lower but isn't hat right as well!.
well i bought my 458 for £221k in June of 2011. The best price i could get from a dealer in October 2012 was £150k. No other dealer even wanted to make me an offer. That same dealer had a price of £179'950 for my car the week after I sold it to them. It's still for sale at that price today, some 9 months later. Ferrari dealers are being told by Ferrari to make it look like they don't have any. I was in one well known dealership the other day. there were no 458's in their showroom. in their back storage area though were seven of the things !!!Secondly the 458's are at best showing an average 25% drop over three years which seems very good to me!.
Ok one or two left hookers or high mileage cars are lower but isn't hat right as well!.
70k hit in 15 months on a car equating to a third of its value again on a trade bid is no shocker, although I appreciate its a massive amount of money to lose the dealers will want their pound of flesh..
Mind you 180k for a 2011 car is very expensive just looking through the classifieds its probably 15k high.
Jules360 said:
I've always bought privately, but it would seem from pricing that people are willing to pay the mark up for the peace of mind. If more bought privately, the spread would narrow.
ETA I suppose the selling price also reflects the lack of test pilots / hassle of selling privately. noone forces anyone to accept a trade bid or pay retail and you cannot blame the dealer for maximising profit.
Rightly said. Especially as nowadays you can have the manufacturer warranty put on top from the moment you walk away! So I understand that dealer might offer the peace of mind of caring more in after sale but buying carefully private makes total sense. Finance can also be arranged. So all in it feels its just a lack of time/patience from sellers to go through private sale in a very illiquid market?ETA I suppose the selling price also reflects the lack of test pilots / hassle of selling privately. noone forces anyone to accept a trade bid or pay retail and you cannot blame the dealer for maximising profit.
Edited by Jules360 on Wednesday 19th June 17:20
Edited by Jules360 on Wednesday 19th June 17:21
Adz The Rat said:
I can understand if the main dealers are told not to buy non-UK cars but not advertising perfectly good cars they have in stock just sounds like bad business sense to me.
If 1 cars takes 6 months to sell and they have another 5 sat out back in a paddock, surely that is far too much money to have sat about depreciating??
I could well be wrong but it just sounds completely ridiculous to me.
What did you replace the 16M with by the way? Lovely car!
But that was my point, mine was a UK car, just LHD If 1 cars takes 6 months to sell and they have another 5 sat out back in a paddock, surely that is far too much money to have sat about depreciating??
I could well be wrong but it just sounds completely ridiculous to me.
What did you replace the 16M with by the way? Lovely car!
As for the "5 round the back", I'm sure thy tried to sell them too, they just wouldn't advertise them. "Oh, you're looking for a black one? Well I might be able to source you one Sir". Might make it a tad harder but creates more of a illusion of exclusivity?
I was diagnosed with cancer in January, and as such the old cliche spend more time with the family came into play. So my 16M was replaced with a Bentley GTC Speed that we could all go out in. But for those still selfish moments where I want to blow the cobwebs out, I bought a new Morgan Plus 8.
I loved the 16M and did 4000 miles in her (including a trip to Modena) but was also wary of adding many more miles. I was still told, at 7500 miles that it was "high mileage"
if anyone is looking for a special car that won't depreciate hugely (phew, back on topic) and that may well appreciate, get one bought! Much rarer than the Scud, though a slightly different animal.A RHD 458 for 100k retail?
Not untill winter 2014/2015 in my opinion, and even then it would not be a low miles top spec car probably.
If you look at how a lp 560 Gallardo, or even some of the low miles, desirable pre lp cars, and more expensive 430's are priced today, there is no way a 458 would be put on the market for 100k this year.
Not untill winter 2014/2015 in my opinion, and even then it would not be a low miles top spec car probably.
If you look at how a lp 560 Gallardo, or even some of the low miles, desirable pre lp cars, and more expensive 430's are priced today, there is no way a 458 would be put on the market for 100k this year.
To my mind surely the key to the 458 value is the fact a new one is 170k forget the bells and whistles, I would rather a new car that was untouched by human hands :-) than a fully speced up one or even two owner car.
You never get your money back on any extra options on cars, at best you may get a little more interest when you sell
You never get your money back on any extra options on cars, at best you may get a little more interest when you sell
TISPKJ said:
To my mind surely the key to the 458 value is the fact a new one is 170k forget the bells and whistles, I would rather a new car that was untouched by human hands :-) than a fully speced up one or even two owner car.
You never get your money back on any extra options on cars, at best you may get a little more interest when you sell
That is the fundamental problem at the near £200k level. If you can afford £200k why would you pay £170k for a used car when you can get a new one for only £30k more. Probably why there are so many sitting about, many of which aren't even advertised. I've been in a couple of F dealers recently and each had at least 8/9 sitting around out the back.You never get your money back on any extra options on cars, at best you may get a little more interest when you sell
TISPKJ said:
No ... I am saying the reverse, why would anyone pay more than 170k if that is what they are new for a base model.
I'm sure the one mentioned here at 221k is a lovely car but would suggest most would prefer to have a new one and save a small fortune
But that isn't taking into account time until delivery. If you walk into a dealers right now and spec a 458, how long will it be till you have it on your driveway? Some people don't want to wait.I'm sure the one mentioned here at 221k is a lovely car but would suggest most would prefer to have a new one and save a small fortune
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