599 GTO - How much over list

[Lambo FirstBlood]

I have been offered a GTO discreetly for a substantial amount over list. Before I declare just how much over, i would be interested to hear what people think is reasonable.

Secondly, any input on how they might perform money wise would be welcome too

Cheers

[JADF]

My guess is £50k over list. Can't be more than that ... can it?

J

[Lambo FirstBlood]

JADF said:

My guess is £50k over list. Can't be more than that ... can it?

J

More..........

[MrDarkBlack]

No idea myself, but take it you have looked at a few ads, such as below?

http://www.classicdriver.com/uk/find/4100_results....

[Streetrod]

I would be surprised if the 599 GTO retains any premium over a decent period as it’s too close to a standard 599. Previous GTO's were not based on any other car.

Technically they have not bought anything new to the party and have been shown in some tests to be slower than the 458. So what makes them special? I'm not sure.

I think it is a very good car but not good enough to have the GTO badge, and because of that I feel will not retain its value over the medium to long term.

This may not be a popular view, just a personal one and not designed to offend owners so be kind

[JamieBeeston]

Streetrod said:

I would be surprised if the 599 GTO retains any premium over a decent period as it’s too close to a standard 599. Previous GTO's were not based on any other car.

Technically they have not bought anything new to the party and have been shown in some tests to be slower than the 458. So what makes them special? I'm not sure.

I think it is a very good car but not good enough to have the GTO badge, and because of that I feel will not retain its value over the medium to long term.

This may not be a popular view, just a personal one and not designed to offend owners so be kind

Agree on this, buy it if you're bored, but fully expect to drop £100k over 9-12 months if you do.

[famoussas]

I was at a Ferrari dealership recently, they had a £306k GTO up for £350k. Think mileage was around 1k but didn't look.

[traxx]

Streetrod said:

I would be surprised if the 599 GTO retains any premium over a decent period as it’s too close to a standard 599. Previous GTO's were not based on any other car.

Technically they have not bought anything new to the party and have been shown in some tests to be slower than the 458. So what makes them special? I'm not sure.

I think it is a very good car but not good enough to have the GTO badge, and because of that I feel will not retain its value over the medium to long term.

This may not be a popular view, just a personal one and not designed to offend owners so be kind

Another marvellous Pistonheads comment from someone who has clearly never owned/driven the car.

Also love the “Previous GTO’s were not based on any other car” – really because even Ferrari refer to the 288GTO as a race evolution of the 308GTB and the 250 GTO was originally developed by putting the Testa Rossa engine into a 250 GT SWB

I won’t comment on the price part because who knows

However the car is one of the most fun car to drive on the market today imo and doesn’t drive at all like a 599GTB (and I have owned and driven thousands of miles in each of them)

Is the 458 faster – well probably on a short twisty circuit – but as with the endless Mclaren vs 458 debates, which one is 0.1 seconds faster doesn’t really matter – what matters is how much fun the car is to drive.

[JADF]

JamieBeeston said:

Agree on this, buy it if you're bored, but fully expect to drop £100k over 9-12 months if you do.

Not quite sure if cars will drop by this much but it's anyones guess as the 599 GTO market has yet to settle. This is obviously why some dealers/speculators are hedging their bets. Long term (5 + years) I think prices will only go up.

J

[traxx]

btw one thing - that list of cars makes it look like around half the UK cars are red

and looks like black is very rare (only 3 UK cars?)

[15HN]

I'd wait til next year. 458 spider will be out and the 599 replacement would've been announced.

Let's see how much it fetches over list then.

[FactoryPilot]

I was offered a GTO for £30k over list but think I'd rather get an F40 for the price TBH.

I think the owner had been offered either 10 or 15k over list from a well known dealer if that helps.

[matc]

More than £50k over list is absolutely insane, unless you're in a 'money no object' situation and desperate for it.

I think there are plenty of other F cars that would give you just as much of a thrill without the financial exposure, F40, 430 Scud, 458 etc.

[DMC2]

Last I heard they were struggling to sell them all.

[MaxAndRuby]

matc said:

More than £50k over list is absolutely insane, unless you're in a 'money no object' situation and desperate for it.

I think it's fair to say that anyone with a GTO, list or above, is ok on the cash from.

They're awesome IMO.

Slower than a 458 in certain circumstances....

[anonymous-user]

is the one you have been offered unregistered? Surely it must be if its seeking a premium of more than £50k over list?

List + 15% would have been my highest guesstimate on a lightly used one

[Maff]

I would imagine that the premiums on the GTO will remain somewhat constant until the new 599 appears next year, and may also drop a little as the new Lambo V12 starts to appear.

The GTO was over-subscribed in the UK so residuals will remain strong in the short to medium term, but it really does hinge on how good the 599 replacement is.

Having owned a 599GTB for 3 years and 13,000 miles, and now a GTO for 6 months and 6000 miles I can tell you the car is nothing like a regular 599, and absolutely nothing like a 458, regardless of track times.

My McLaren arrives in a few weeks and I had originally intended to trade the GTO for the McLaren, but after only a few weeks of having the GTO I had decided the GTO was a keeper regardless of what the McLaren drove like. The GTO just has something about it that no other car I have driven or test driven can replicate. I think a few other GTO owners have also agreed on here that their GTO's are keepers, which will certainly help residuals and premiums seeing as there are only 55 in the UK.

[jonny5]

DMC2 said:

Last I heard they were struggling to sell them all.

same

[Maff]

jonny5 said:

same

And that's why they are fetching a premium???!

[cheddar]

MaxAndRuby said:

Slower than a 458 in certain circumstances....

So close in the real world as to make no difference.