Buying Ferrari - 458 vs 488?

[jurassic86]

Hi Guys

Although I know their is no right or wrong answer as most of it is speculative but I am considering buying either a 458 or 488.

I had originally considered a 458 but having looked for 4 months can't seem to find one that I've fallen in love with. Either the mileage is too high the specification is wrong or the colour combo is not to my taste. I suspect I'm just fussy but buying a dream car has to be perfect.

Naturally I've looked at the 488 and if I'm honest after initially discounting it on the basis of the turbo and looks... It's really started to grow on me and I'm now at a point where I can find more 488s out their to my liking than 458s.

My only concern is depreciation on a new model such as the 488. I understand that some people buy a car and keep it for many years however I'll likely be bored and wanting my next fix after 12 months at most so the question I'm asking is... Would one expect to take a much harder hit on depreciation with a 488 vs a 458?

I've seen the prices on 458 fall in the past 6 months but not at an astronomical rate and given the weather and season not supprised. Does anyone here have any ideas what levels of depreciation can be expected on a 488 vs 458?

[jurassic86]

Well i generally rarely keep any car longer than 12 months and given the fact most Ferraris have a high owner history I suspect I'm not alone

[jurassic86]

I think for me it's partly irrelevant. I'll settle for anything if the specification is right... I mean lets be honest a Ferrari is a Ferrari but critically to me I don't want to end up 12 months down the line with my pants pulled down. Will the depreciation curve head 6 o clock in 2017 or will it depreciate at a modest rate?

[jurassic86]

458 Speciale are beautiful but in all honesty I can not afford one right now. I think that personally I am more sold on a 458 based on the raw sound and the NA engine. As much as the figures look amazing on a 488 would I ever get to use that impressive torque or top speed? probably not.

[jurassic86]

Well this is what I am more leaning towards. I think the problem is like anything in life- when you look at a newer model you tend to look at the older one as more dated. The only problem is finding a 458 with reasonable mileage.

[jurassic86]

Ideally between 8-10K. I most certainly want Red with black interior. Nero roof is preferable but a few of them out their have either been painted (post built) or wrapped. I personally can not see the attraction of buying a Ferrari with a wrapped roof. Maybe it's just me but to me they may as well have gone and tinted the windows and thrown on a K&N Air Filter

Then their is the whole argument of Main Dealer vs Specialist. I think for the saving I would make buying from an Indie I would sooner buy from Main Dealer and benefit from the 2 year warranty.

[jurassic86]

I have no hair on my head so would not get the pleasure of it blowing about

[jurassic86]

You see speak with you lot I think I'm now swinging more towards a 458

Gosh what an enotional rollacoaster this is

[jurassic86]

Was that a high offer on your 458 to get you into a 488? Ie Move the profit from the 488 to get you a better px against the 458

[jurassic86]

I would think 50k is a bit over conservative... I think 15/20k is somewhere near but as you point out they are on the top of a Na hype. Furthermore we are now seeing mileage entries of between 10/20k which are pushing low 150s, and will expect to see into the high 140s in the spring of 17. Is this high mileage attributed to Ferrari maintenance packages being the norm now and people now not really concerned about keeping the miles low to avoid servicing ?

[jurassic86]

Exactly the problem, and I had considered a mclaren but they seem to depreciate even faster with the exception of the 12-C which now seems to be holding.

[jurassic86]

This then leads me onto options... 458 options which are a must? So far I've got

Nero roof sport seats carbon, suspension lift and carbon dash.

[jurassic86]

My drive has a huge incline from the road so either I'll try reversing it up their or suspension lift and driving up. Failing that it'll be kept at work unit