458 v 488 market
Discussion
Hi guys,
Looking to get into a 458 or possibly a 488 but just seeing what people thoughts are currently on the market. It appears 488 pricing has been coming down and has had an effect on the 458 market as pricing seems to be lowering (not by a huge amount but noticeable based on a few listings, including dealer approved cars).
I am looking to drive quite frequently (possibly daily, weather permitting) so i'm mostly searching for cars in that 25-30k mile range and have seen prices come into that 125-135k range for the 458. I don't expect prices to drop much but is it likely for higher mileage cars to go to the 110-120k mark? I understand looking for a deal on a car like these is comical but also considering cost of maintenance and putting cash aside for that.
Many thanks
Looking to get into a 458 or possibly a 488 but just seeing what people thoughts are currently on the market. It appears 488 pricing has been coming down and has had an effect on the 458 market as pricing seems to be lowering (not by a huge amount but noticeable based on a few listings, including dealer approved cars).
I am looking to drive quite frequently (possibly daily, weather permitting) so i'm mostly searching for cars in that 25-30k mile range and have seen prices come into that 125-135k range for the 458. I don't expect prices to drop much but is it likely for higher mileage cars to go to the 110-120k mark? I understand looking for a deal on a car like these is comical but also considering cost of maintenance and putting cash aside for that.
Many thanks
I have seen the past few threads regarding 458's but I think it was more of a discussion on financing and what is the better car to drive/own. I'm more so looking for people's thoughts on the current pricing based on mileage/spec and whether we will see prices drop in the next few months. I'm not looking for a garage queen but in that 25-30k mile range. Just considering future market values to see that if I wait, I can get into a car in that 115-120k mark and if others have been looking at the Ferrari market and seen drops in cars they have been eyeing.
Thanks
Thanks
I have looked at some of those cars in that 40k+ mileage but just concerned there would be anywhere from 5-10k pounds to spend to get it into a ok shape to drive without even inspecting paintwork which may be additional amount. The retail ask between them and mileage half of that is quite close in that 10k pound range which doesn't make sense to jump on one of those unless they were closer to 100k.
There was a nice black one at 125k with Simon Furlonger that was sitting for months but it appears to have been sold in the past few days. Spec wise i dont really mind, if it doesn't have lift or carbon buckets its not a big deal to me. As mentioned I would be trying to drive it as much as possible, not just a weekend ride so im looking at the cars with 25k miles +. There are a few Ferrari dealers with 458 / spiders that have been sitting for months but from reading the forums, I assume they will not consider a 10% below ask offer especially if its a SOR car.
I think pricing is holding due to anticipation of spring and some people have mentioned to me to maybe wait till after Easter to lock one in.
I have also been eyeing a Ferrari dealer TDF blue 488 coupe at 149k with 11k miles but currently there is barely anything in the market that is 20k+ miles to find a nice deal sub 140.
Not sure how many people are locking in cars with the current finance rates but maybe more of a wait and see game and prices drop further in the coming months
I think pricing is holding due to anticipation of spring and some people have mentioned to me to maybe wait till after Easter to lock one in.
I have also been eyeing a Ferrari dealer TDF blue 488 coupe at 149k with 11k miles but currently there is barely anything in the market that is 20k+ miles to find a nice deal sub 140.
Not sure how many people are locking in cars with the current finance rates but maybe more of a wait and see game and prices drop further in the coming months
There have been some higher mileage 458's that have sold so i assume theres a few guys out there like me looking for a deal in that 115-125k range. Just a month or so ago Tom Hartley had a rosso 458 at 129k with around 26k miles, it did sit for some time but eventually did sell. I do see alot of cars 130k+ asking all the money and have been sitting thinking they will still get top dollar. Thats where i see some people contemplating on why spend 140k+ on a 458 when in comparison a 488 usually has more options, newer in age, ferrari dealer approved warranty ect.
Slightly off topic, i have noticed that 992 911's and G63's are coming down on ask so i assume overall the luxury 100k + market isn't moving all too well. I think some others would consider a Huracan but the owners of them are asking 130k+ and don't appear to be willing to take less and have been listed for many months.
Time will show where the market heads in the next few months. Still checking daily to see what comes up and will for sure lock something in this year
Slightly off topic, i have noticed that 992 911's and G63's are coming down on ask so i assume overall the luxury 100k + market isn't moving all too well. I think some others would consider a Huracan but the owners of them are asking 130k+ and don't appear to be willing to take less and have been listed for many months.
Time will show where the market heads in the next few months. Still checking daily to see what comes up and will for sure lock something in this year
Gibbo205 said:
Mine is on 27,000 miles, a 2014 car which I purchased four years ago with 13,000 miles on the clock.
Unfortunately the gearbox started dropping oil out the tell tale hole a few weeks ago, fortunately it happened on my driveway so no driving happened. Car is with Ferrari and is now repaired, due to be delivered back to me tomorrow. Failure was an internal oil seal on the rear casing, when it fails it drops out the internal tell tale hole to prevent contamination, essentially it was clutch oil, no error lights on dash as not enough oil had been lost.
Car is driven often as can be seen from miles in my ownership, always serviced on time and well cared for, so a bit of a shock but the service from Ferrari Stratstone in Manchester has been superb, I've had them do a few other jobs as well whilst the gearbox was out, thankfully gearbox has no damage, just this internal seal failed. The bill, well I aint getting much change from 8k, but I think the overall picture is not so bad, now I hope I can get another 20-30k miles trouble free, wishful thinking maybe but 458's tend to be quite reliable so maybe I was unlucky especially as my car is a 2014 model. It has had no other issues during my ownership and the extended warranty I believe would not have covered this, as classed as an oil leak. The good news is the car will now have fresh clutch, e-diff and gearbox oil as all have been replaced, something that is never done on a service so will be interesting to see if I can feel any kind of difference, but in fairness the car has always drove amazingly well and I test drove like 4/5 458's before buying this one, something I recommend anyone does, surprisingly the two cars I drove at Ferrari dealers drove great, one of which I purchased but the cars I drove at Specialist either seemed down on power or handled odd, so always shop around and test drive several, these are 10+ year old cars now and could be hiding many things, clocking is rife and potential accident damage, so be careful.
One of my half shafts was weeping also, so I had both changed whilst gearbox was out, this was only around £300 for new seals/flanges fitted, made sense. Servicing is around £900 for minor and around £1200 for interim with belts, major with plugs budget upto £2000, it is always worth shopping around.
Could you breakdown some of the service work that you had done, Was your gearbox rebuilt? 8k is quite hefty so I assume you had other sizeable work done. ThanksUnfortunately the gearbox started dropping oil out the tell tale hole a few weeks ago, fortunately it happened on my driveway so no driving happened. Car is with Ferrari and is now repaired, due to be delivered back to me tomorrow. Failure was an internal oil seal on the rear casing, when it fails it drops out the internal tell tale hole to prevent contamination, essentially it was clutch oil, no error lights on dash as not enough oil had been lost.
Car is driven often as can be seen from miles in my ownership, always serviced on time and well cared for, so a bit of a shock but the service from Ferrari Stratstone in Manchester has been superb, I've had them do a few other jobs as well whilst the gearbox was out, thankfully gearbox has no damage, just this internal seal failed. The bill, well I aint getting much change from 8k, but I think the overall picture is not so bad, now I hope I can get another 20-30k miles trouble free, wishful thinking maybe but 458's tend to be quite reliable so maybe I was unlucky especially as my car is a 2014 model. It has had no other issues during my ownership and the extended warranty I believe would not have covered this, as classed as an oil leak. The good news is the car will now have fresh clutch, e-diff and gearbox oil as all have been replaced, something that is never done on a service so will be interesting to see if I can feel any kind of difference, but in fairness the car has always drove amazingly well and I test drove like 4/5 458's before buying this one, something I recommend anyone does, surprisingly the two cars I drove at Ferrari dealers drove great, one of which I purchased but the cars I drove at Specialist either seemed down on power or handled odd, so always shop around and test drive several, these are 10+ year old cars now and could be hiding many things, clocking is rife and potential accident damage, so be careful.
One of my half shafts was weeping also, so I had both changed whilst gearbox was out, this was only around £300 for new seals/flanges fitted, made sense. Servicing is around £900 for minor and around £1200 for interim with belts, major with plugs budget upto £2000, it is always worth shopping around.
Edited by Gibbo205 on Wednesday 1st March 09:10
Edited by Gibbo205 on Wednesday 1st March 09:13
Interesting to watch the 458/488 AT listings. No price changes and the same cars that i have viewed in the past are all still listed. I assume dealers wanting to hold the stock at the pricing to see how things play out in the coming spring. Still waiting out to see if someone posts a higher mileage 488 as that may be something id look to get in to
A lot of main ferrari dealers have had some used stock for 4-6 months without shifting so I cant see yet how things will change in the coming months especially with people who already locked in cars in the past year at significantly lower rates not wanting to trade to something else that costs them more. With the 458 being a collectible car for that NA V8 i do see a few good spec ones changing hands, but i think the 488 is really struggling to move hence why i see some downwards pressure at the dealers because some people will choose the newer car and slightly better interior/usability over the older gen.
Asking between 150-160k for low spec 458 coupes in that mid 15k mile range when the 488 is less seems to be a bit confusing now at the pre owned certified dealers. I don't expect prices to drop significantly, just that higher mileage cars 25k+ would drop to that 115-120 range ask
Asking between 150-160k for low spec 458 coupes in that mid 15k mile range when the 488 is less seems to be a bit confusing now at the pre owned certified dealers. I don't expect prices to drop significantly, just that higher mileage cars 25k+ would drop to that 115-120 range ask
Edited by f1z on Wednesday 15th March 10:03
Edited by f1z on Wednesday 15th March 10:04
Very nice TDF blue came on yesterday. Price is high but this would of been perfect as a spider variant. The search continues though
https://www.autotrader.co.uk/car-details/202303165...
https://www.autotrader.co.uk/car-details/202303165...
MisterBigglesworth said:
If it's in your budget and you don't mind a non red car I would go and look at my old spider at Dick Lovett.
It was originally listed at 169k last summer and now on at 156k and change, which factoring in the 2 year warranty prep and service puts them pretty much at break even for it.
One of the best specced spiders in the country as it was a tailor made car with grigio ferro historical triple layer paint and a canne di fucile roof plus a painted stripe. Has the full carbon seats with half alcantara, full alcantara upper zone and roof, full carbon driving zone snd dash inserts, carbon centre dash bits, JBL upgraded stereo, HELE, giallo counter and calipers, diamond wheels, front carbon splitters, rear carbon panel, carbon b pillar trim. Was owned by a collector before me and he got it from JCT 600.
I put a new battery in it when I serviced it at Joe Macari and the car ran without fault.
I'd buy it back at that price, really regret selling it as its such a bespoke spec, but barely driven my F12 yet and want at least a season with it before adding another.
http://www.autotrader.co.uk/car-details/2022080283...
The other car they took in at the same time has also been reduced by the same amount.
Its a nice spec for sure Biggle but the most id spend for a spider is probably in the 140's range. I suspect even with the anticipation of spring/summer its proving to be a bit difficult to move the higher mileage 458/488 cars at Ferrari dealers. I may wait it out to see how things look in a few months as the economy has been crazy the past week. It was originally listed at 169k last summer and now on at 156k and change, which factoring in the 2 year warranty prep and service puts them pretty much at break even for it.
One of the best specced spiders in the country as it was a tailor made car with grigio ferro historical triple layer paint and a canne di fucile roof plus a painted stripe. Has the full carbon seats with half alcantara, full alcantara upper zone and roof, full carbon driving zone snd dash inserts, carbon centre dash bits, JBL upgraded stereo, HELE, giallo counter and calipers, diamond wheels, front carbon splitters, rear carbon panel, carbon b pillar trim. Was owned by a collector before me and he got it from JCT 600.
I put a new battery in it when I serviced it at Joe Macari and the car ran without fault.
I'd buy it back at that price, really regret selling it as its such a bespoke spec, but barely driven my F12 yet and want at least a season with it before adding another.
http://www.autotrader.co.uk/car-details/2022080283...
The other car they took in at the same time has also been reduced by the same amount.
Edited by MisterBigglesworth on Friday 17th March 16:57
HotWheels82 said:
Long time lurker first time poster.
Very interested to see how the 458 market evolves. Personally, after lusting over the 458 for many years and not quite being able to afford one due to other more pressing needs finally got into one last summer (at the peak of the market!)
I do think prices overall for 458s (even despite last N.A. Ferrari V8) will trend down slightly in the next 2 years or so given the macro picture (as last poster noted).
With that said, I still think the market will remain bifurcated between good and bad examples with desirable spec, lower miles and history continuing to trade at strong money. Such examples are simply becoming harder to find and most now in the hands of collectors or long term keepers who don’t see an upgrade path within the brand. In my case, for example, barring any significant change in personal circumstances, I don’t see myself selling any time soon.
We’ll see what comes up for sale over this year’s spring/summer driving season but last year I only saw a few quality examples for sale that all sold around the £200k mark. One blue TDF spider with tan interior, low miles, one owner car was listed by DL Swindon in August at £205k, advert was removed after just a couple of days. Also, another thread on PH talked about good examples being sold directly by dealers to preferred customers which isn’t crazy to believe.
You’ll definitely get much better value in the 488 market so if you don’t need a 458 I’d definitely go for one of those. However, if you’re looking for a top example 458 better be prepared to get the cheque book out and move fast as they don’t hang around (even in this market).
I haven’t seen many good condition, good spec mid miles 458s (call it £150-160k) come up for sale either. I think that’s another entry point for a lot of people so cars do tend to move there also.
Wishing the OP lots of luck with the search. Based on the search parameters I would be patient at this point, check AT daily and register interest with the main dealers based on desired spec and miles. Keep us posted!
Spec wise im not that bothered, im more so looking to get into a 458 and drive it as frequently as possible and not care about mileage or resale value. My search is really the 25,000 mile+ cars and if it doesn't have lift, carbon buckets / carbon trim inside its fine by me. I do think there may be deals soon on 488 if the correct higher mileage one comes along but based on AT, the asks are trying to hold them in the 150k range when realistically should be lower as they're not even moving at the Ferrari dealers. Very interested to see how the 458 market evolves. Personally, after lusting over the 458 for many years and not quite being able to afford one due to other more pressing needs finally got into one last summer (at the peak of the market!)
I do think prices overall for 458s (even despite last N.A. Ferrari V8) will trend down slightly in the next 2 years or so given the macro picture (as last poster noted).
With that said, I still think the market will remain bifurcated between good and bad examples with desirable spec, lower miles and history continuing to trade at strong money. Such examples are simply becoming harder to find and most now in the hands of collectors or long term keepers who don’t see an upgrade path within the brand. In my case, for example, barring any significant change in personal circumstances, I don’t see myself selling any time soon.
We’ll see what comes up for sale over this year’s spring/summer driving season but last year I only saw a few quality examples for sale that all sold around the £200k mark. One blue TDF spider with tan interior, low miles, one owner car was listed by DL Swindon in August at £205k, advert was removed after just a couple of days. Also, another thread on PH talked about good examples being sold directly by dealers to preferred customers which isn’t crazy to believe.
You’ll definitely get much better value in the 488 market so if you don’t need a 458 I’d definitely go for one of those. However, if you’re looking for a top example 458 better be prepared to get the cheque book out and move fast as they don’t hang around (even in this market).
I haven’t seen many good condition, good spec mid miles 458s (call it £150-160k) come up for sale either. I think that’s another entry point for a lot of people so cars do tend to move there also.
Wishing the OP lots of luck with the search. Based on the search parameters I would be patient at this point, check AT daily and register interest with the main dealers based on desired spec and miles. Keep us posted!
Edited by HotWheels82 on Saturday 18th March 09:07
HotWheels82 said:
I did see this one, but it felt a bit off to me so im not entirely sure on its condition. Plus the exterior black sections wrapped not paintedbigleefish said:
I’m conflicted as I’m really keen on a 720s but have been long hankering after a 488GTB and am at the point where I’m about to change from a 992 GTS to something. I’m looking at this car which I think looks stunning. Would slightly prefer carbon seats but otherwise I’m very happy. What’s everyone’s view of pricing? I see these cars trending down with general depreciation but no real point of inflection?
https://www.sytner.co.uk/vehicle-details/8f275b76-...
Its a nice spec for sure but its been listed on AT since November and has not moved in the mid 150 price. I agree with you that we should see 488 drop but how much is unknown currently. Both 458/488 listings have been increasing and there is a small visible price drop but nothing significant yet. It may take a few months before a good discount can be hadhttps://www.sytner.co.uk/vehicle-details/8f275b76-...
HotWheels82 said:
This one looks good based on your search parameters:
https://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
Im actually surprised meridien priced a 458 below 140 for a sub 20k mile car. Nice spec for sure but the rims are my least favourite. Will reach out but its just came on to the market today so i assume they wont budge on price being the lowest approvedhttps://www.autotrader.co.uk/car-details/202303305...
Just came on it seems
andyr said:
Funny that my dealer KEEPS asking to buy my 458 and swap me into a 488 that they’re finding hard to shift….
That is what is seems currently. Lots of 488 pre-owned stock being difficult to move forcing price drops which then forces the 458 to come down. It does get interesting as they are so close in price and to some will see it more beneficial to buy a 488 which could still have 1-2 years left on the original 7yr service pack. The meridien car is good but have to factor in to the overall cost to go buy another set of rims and sell the originals which i'm not sure many people would even want, maybe keep them as the winter set? Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff