Collecting Cars auction results
Discussion
TP321 said:
At £240k its too expensive for a Jan 2018 car, ex demo, and 8.5k miles. There are 2019 cars advertised for £245-249k with delivery miles. The £211k price paid was just about right for this
I've been looking closely at 812s for sale recently as its on my radar sometime in the future..What i noticed is that there is a huge variation in specs, most of which are missing some really 'nice to haves'..This particular 812 has the perfect and very high spec with no missing options..I sent an email to DL Swindon with an interest in their Blu Electrica 2019 812 which is up for £250K..Its only when i looked closely that its quite basic with some missing options for my preferred spec.Taffy66 said:
I've been looking closely at 812s for sale recently as its on my radar sometime in the future..What i noticed is that there is a huge variation in specs, most of which are missing some really 'nice to haves'..This particular 812 has the perfect and very high spec with no missing options..I sent an email to DL Swindon with an interest in their Blu Electrica 2019 812 which is up for £250K..Its only when i looked closely that its quite basic with some missing options for my preferred spec.
it would be interesting to see what deals main dealers are doing on 812s as there seems to be loads of them for sale and the residual bubble has gone pop quite rapidly. Has the car not lived up to the hype, or are owners dumping them in anticipation for the convertible 812? TP321 said:
it would be interesting to see what deals main dealers are doing on 812s as there seems to be loads of them for sale and the residual bubble has gone pop quite rapidly. Has the car not lived up to the hype, or are owners dumping them in anticipation for the convertible 812?
Not sure there ever was a bubble, i suppose we had a period between 2013 and 2017 when the demand and production balance was well managed and thus the F12 did quite well initially. The car has been very well received in the press and by owners, as it's a bloody wonderful car and clearly last of a dying breed.But at the end of the day it's a non-limited production V12 Ferrari, they always depreciate heavily. And on top of that they have built too many, and the dealers been selling them to people who want to believe that they won't cost a fortune to own. Which is a mistake by Ferrari i think, but they are under pressure to shift tin like never in the past.
In the past these cars were bought by a small bunch of nutters who were so passionate about the product that they accepted the financial pain. Now it's about FFS PCP's, affording the monthlies and the future underwritten value. Absolute madness on a car like this, they always have cost a fortune to own, the only difference now is that Ferrari cover the servicing cost and provide a very good warranty, which helps. The list price, the ridiculous cost of options and the subsequent inevitable heavy depreciation makes this a car for those with deep pockets and a strong passion for the product.
Love mine though !
TP321 said:
it would be interesting to see what deals main dealers are doing on 812s as there seems to be loads of them for sale and the residual bubble has gone pop quite rapidly. Has the car not lived up to the hype, or are owners dumping them in anticipation for the convertible 812?
Personally i think the deals are with the F12 just as great at a better price and imo its Pininfarina styling is better.TP321 said:
it would be interesting to see what deals main dealers are doing on 812s as there seems to be loads of them for sale and the residual bubble has gone pop quite rapidly. Has the car not lived up to the hype, or are owners dumping them in anticipation for the convertible 812?
I don’t think there is anything wrong with the car. Just too many made, too expensive, and mostly bought to get in line for something more limited. Interestingly, I can’t remember the last time I saw a dealer preregister a V12 but that’s what’s happening with 812s.See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
subirg said:
I don’t think there is anything wrong with the car. Just too many made, too expensive, and mostly bought to get in line for something more limited. Interestingly, I can’t remember the last time I saw a dealer preregister a V12 but that’s what’s happening with 812s.
See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
My favourite colour in a Ferrari and the spec on this one is perfect for my tastes..However i agree with you at that price an easy and quick way to lose £100k..See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
subirg said:
I don’t think there is anything wrong with the car. Just too many made, too expensive, and mostly bought to get in line for something more limited. Interestingly, I can’t remember the last time I saw a dealer preregister a V12 but that’s what’s happening with 812s.
See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
Yes an instant £100k loss See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
TP321 said:
subirg said:
I don’t think there is anything wrong with the car. Just too many made, too expensive, and mostly bought to get in line for something more limited. Interestingly, I can’t remember the last time I saw a dealer preregister a V12 but that’s what’s happening with 812s.
See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
Yes an instant £100k loss See this example. Dealer registered. Unbelievable to think someone would pay the price being asked as they might as well torch £100k the second it’s driven off the forecourt... unless the dealer sweetens the deal with a promise of the next limited edition car - and even then, it would have to be very special to make up for the lost £100k (and counting).
https://www.pistonheads.com/classifieds/used-cars/...
So put another way 50% of Ferrari sales are driven by people who want to get the next limited edition car....and they’re ticking lots of boxes on those 5 cars too...because that’s what you need to do to play the game.
Cheib said:
On a Collecting Cars podcast at the beginning of lockdown Edward Lovett said one of the big Ferrari dealer groups currently had 300 orders for new cars on its books. 50% of which were from people ordering 5 cars or more.
So put another way 50% of Ferrari sales are driven by people who want to get the next limited edition car....and they’re ticking lots of boxes on those 5 cars too...because that’s what you need to do to play the game.
i think what he said was 50% had ordered 5 or more Ferraris in the past , not 5 on orderSo put another way 50% of Ferrari sales are driven by people who want to get the next limited edition car....and they’re ticking lots of boxes on those 5 cars too...because that’s what you need to do to play the game.
ferdi p said:
2018 488GTB at 157K was a strong result for a very basic spec car...
Definitely....... There was a price increase early 2018, so looking back at my price lists, this either cost the original owner £191k or £205k.... The CC prices are a little head scratching at times. Anyway c£40k loss over 2 years not too bad considering we we are at......garystoybox said:
ferdi p said:
2018 488GTB at 157K was a strong result for a very basic spec car...
Definitely....... There was a price increase early 2018, so looking back at my price lists, this either cost the original owner £191k or £205k.... The CC prices are a little head scratching at times. Anyway c£40k loss over 2 years not too bad considering we we are at......
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