599 as a collectible?

I would say yes. One indicator is that the prices increased about 20%+ here in Germany over the last two years. If such a recent model participates in the present "rush", then it must be considered by many as a value holding (at least) classic. I am happy that I bought mine two years ago already .

 

Of course it will become a classic, but typically cars depreciate before they hit that point where they rebound in price and start to climb. Usually it's the magic 25 year old number when things start to really cook in terms of value. That's been my own observation, but I've read other independent opinion confirming my own thoughts.

Right now all F cars are hott and high prices of older cars and high prices of new cars, have pushed even the not so old cars sandwiched in the middle to firm up their values.

So I don't think you can lose with a 599- It's an iconic model in terms of all its variations and will be even more desirable as time progresses. But to think prices will escalate seriously now is doubtful, the car isn't old enough yet.

For now, buy it to drive & enjoy knowing that if you sell someday before you're old, you likely won't get hurt.

 

In oz the prices have been pushed up a lot by the 100%+ increase in the asking price of the 550/575. It seems "cheaper" to just buy an f12 now.

I don't see why these won't follow the 365, 275 etc to some degree.

It also depends on what happens at the top of the market of the classic ferraris which seems to create fomo across the rest of the range. I guess that is what is great about the Ferrari story is that it is across many decades and many different road cars and race cars that have an effect on the contemporary Ferrari story. You don't see this sort of thing with newer brands like Pagani or less successful overall brands that have been around for a while.

 

is there a new car built that isnt a collectible..... ?

 

Depends on the definition. My 599 GTB was about 280,000.--€ new and the first owner lost 190,000.-- upon sale (corresponding to more than 6 € depriation per km ....).

"Real" collectors Ferraris should immediately fetch more than the list price, in contrast, I would believe.

 

599 developing into an investment grade asset is a foregone conclusion.

 

If you step in at the right juncture (as with most "mass"-exotics). Or better, have stepped in? .

Wherein, predictions are always difficult.

 

Like tulips in 1637

 

Wait 25 years or so, and you'll find out. Given that Boxers have come roaring back, and Testarossas even seem to be coming back, it doesn't seem out of the question.

 

Basically some of us may not be around or too old to care anymore, so our kids and grand-kids may reap the benefits of an upswing in values... In the meantime, keep driving them !

 

I still have those tulips and am waiting.....

 

Bernard- 365 GTS/4 Spiders lay around in dealerships unsold for up to 2 years after production stopped. Not all classics immediately go up in price. That is a recent development with purpose built special models.

 

A few weeks ago I got a 599 HGTE (2010 with 8700km, red, black interior) and did some research before jumping in the driver's seat.

My conclusion is that the HGTE is the most interesting one if you don't have an "unlimited" budget, it should hold better value and slowly when prices shoot up the first to rise.
Having said that, the 599 is a Ferrari that has so much identity and character I am sure it will remain a Classic for the years to come

 

Maybe it's time to cut your losses

The hgte will be special and command higher prices as it's the last year of the series and obviously the extras included.

 

If you've bought a '599 as a collectible' ie not to drive then there's no point in having the warranty

 

Congratulations.

 

why is every new and fairly recent car a collectible now....

 

CONGRATS!!! Can't wait to see the photos.

Also just realized that we live really close to each other. Let me know if you even want to meet up and take our V12 F cars out!

 

You're welcome! Have fun in that new beast of yours

 

It is a beautiful Ferrari
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