What is my '13 Spider Worth | FerrariChat

What is my '13 Spider Worth

Discussion in '458 Italia/488/F8' started by Superquant, Aug 16, 2013.

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  1. Superquant

    Superquant Formula Junior

    Apr 27, 2009
    431
    I am interested in exiting my '13 458 Spider with 1100 miles. Car had MSRP of 323. Spec list and pictures are here:

    http://www.ferrarichat.com/forum/458-italia/383165-ferro-cuoio-spider.html

    I see two options:

    1) Turn into dealer, I can get MSRP back either as trade credit or straight cash

    2) Do a private party or partial trade to a non f-car dealer (perhaps for a Ford GT, or perhaps just cash sale)

    I don't have my eye on any f-car for now other than perhaps the 458 MC but I was told that chances are low of me getting one given other bigger clients in queue.

    I am wondering where the REAL market for spiders like mine is right now. Not the asking prices but the real trading prices in order to determine what I am leaving on the table by going back to original dealer. Clearly there is a relationship thing here too so I don't intend to compromise that for a couple thousand $, but if the delta is more like 20-30k then its a different thought process. Obviously there is a sales tax benefit to me by using it as a trade as opposed to sale.

    Any insight or recommendations?
     
  2. 458dreamer

    458dreamer Formula Junior

    Jul 3, 2012
    762
    Dubai
    What are the reasons for your rather early exit from the spider?

    I would just take MSRP from the dealer and get an F12.
     
  3. Superquant

    Superquant Formula Junior

    Apr 27, 2009
    431
    That was actually the plan until I did some soul searching and realized I want a more timeless car that I can enjoy without "next model anxiety". To that end I have secured a build slot for a Singer Vehicle Design 911

    So I don't think I really want the F12 .. I would rather actually go with a 430 Scud (Which I think is a more timeless car than the 458) and take a bunch of cash off the table and reallocate it to the Singer when it arrives in fall 2014.
     
  4. PA Wolfpacker

    PA Wolfpacker Formula Junior

    Aug 19, 2007
    689
    Naples, FL
    Full Name:
    Neil
    Will a dealer really do this if you are not purchasing another car? I would think the best they would do is sell it for you via consignment.
     
  5. NSXLuvr

    NSXLuvr Formula Junior

    Oct 3, 2006
    575
    Tx
    Full Name:
    Ritesh
    A singer 911 is perfect "time capsule" car. Great decision IMHO.
     
  6. 458dreamer

    458dreamer Formula Junior

    Jul 3, 2012
    762
    Dubai
    Your original plan was sound enough as the F12 replacement is a long way off.

    Nothing wrong with the 911 but in that category the new 991 Turbo S would be awesome. A modern super car, with the next model a very long way way off.

    But classics and antiques don't capture my interest. But to each his own. You probably have a garage of other modern cars I don't know about.

    Try selling it privately, looks like with the current market situation in the US you may end up getting more than MSRP. Lay down the rules, no joy rides, the car is under warranty.
     
  7. skinguy23

    skinguy23 Formula Junior

    Jun 19, 2011
    612
    Midwest
    Full Name:
    Steve
    Gorgeous car you have there. I may option one that way some day. The singer 911 is how much if you don't mind me asking? I think I saw that on top gear not so long ago.
     
  8. Zlaatan

    Zlaatan Formula Junior

    Sep 2, 2005
    355
    Great choice going with the Singer. I love those things, seems to truly be the best of both worlds.
     
  9. RBK

    RBK F1 Rookie

    Jul 27, 2006
    3,105
    Calif and Nev
    Full Name:
    Bob
    Are you bound by Ferrari to give dealer right of first refusal in order to stay in "good graces"? .If not and you want more than MSRP, maybe someone will pay it. If your time is worth more than the difference, make life easy and return it to the dealer. Best
     
  10. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,086
    Vegas baby
    If you sell it and break the first refusal and sell it without asking them first, it's the last new F car you'll own.

    My suggestion: get the cash back and buy whatever you want. Everyone is happy that way.
     
  11. 65 f.i.

    65 f.i. Karting

    Feb 10, 2008
    187
    Santa Barbara, Ca.
    Full Name:
    Martin
    I believe the advice offered by the mayor is something to consider. After looking at a numer of classics, I have now placed a deposit on a new car. Ultimately, classics are old cars. While the singer is a cool restomod, it is a modified old car with characteristics that cannot be compared with demands needing to met by a new car manufacturer. You may not want to burn the bridge should you find yourself craving a new Ferrari again.
     
  12. Superquant

    Superquant Formula Junior

    Apr 27, 2009
    431
    #12 Superquant, Aug 16, 2013
    Last edited: Aug 16, 2013
    I'm going to trade the spider to dealer and I may have him broker a deal for a 430 scud i have found ..

    Tangent: wrt to the classic car thing, you guys are very confused about the singer and what it is. There is nothing not new about it except the frame of the donor car. There is no 'old car' in it to modify. It is built to a standard that exceeds any modern manufacturer .. and it drives better than anything on the road, according to multiple well known journalists. It is as close to perfection as is currently possible in a sports car, of any era. It is described as an optimized car rather than a 'retro' car.

    you can find some proper information in lots of google but here is a thorough video by chris harris and EVO article by Richard Meaden. Meaden has tested every sports car that exists (F40,F50, Enzo, Mclaren, Pagani, etc included). Here is what Meaden recently said after testing the car:

    "Regularly sampling cars so far above your pay grade leads you to develop a professional code much like that of a doctor – you don’t get emotionally involved. Unfortunately with cars like the Porsche 911 by Singer, that’s easier said than done. When the time finally comes to leave this heartbreakingly wonderful machine behind, I feel something akin to grief. I’m unlikely ever to have the funds to commission one of Dickinson’s masterpieces, but if I could have one – built to my precise specification – I’d never want another car."

    Porsche 911 by Singer


    [ame=http://www.youtube.com/watch?v=fJQ4hQSusjE]The Singer 911: All You Ever Wanted to Know - /CHRIS HARRIS ON CARS - YouTube[/ame]
     
  13. Superquant

    Superquant Formula Junior

    Apr 27, 2009
    431
    I think you will want to do more research about the singer in order to have an actual informed opinion. A 991 turbo s is literally incomparable to singer's car.
     
  14. plastique999

    plastique999 F1 Veteran
    Owner Silver Subscribed

    Nov 9, 2008
    8,841
    SoCal
    Full Name:
    Edward
  15. PhilNotHill

    PhilNotHill Two Time F1 World Champ
    Owner

    Jul 3, 2006
    27,855
    Aspen CO 81611
    Full Name:
    FelipeNotMassa
    #15 PhilNotHill, Aug 16, 2013
    Last edited: Aug 16, 2013
    OK. So you want to spend $380k-$500k on a car with 350 bhp and looks like an old Porsche that would go for maybe $100k?

    Where does one get the Singer fixed?

    Never heard of a Singer (except my mother had a sewing machine by that name). What's the resale going to be like? would think a very small number of folks would get gaga over this car. Don't people who like old Porsches have them already?

    You are in effect saying that a 350 hp rear engine car that oversteers is more fun to drive than a state of the are 570 hp 458 Spider. You can get an old 911 Turbo that oversteers for much less money. And it's NOT a really Porsche. I just don't get it. Sorry.

    And then I can imagine some tuner taking the "best" features of different Fcars and making an uber Ferrari. Who would buy it? Not many IMVHO.
     
  16. spike308

    spike308 F1 Rookie
    Owner Silver Subscribed

    Nov 8, 2003
    4,714
    Austin TX!
    Full Name:
    Mike Z
    its your money.
    do what you want.
    none of this makes any sense, anyways!

    BTW... beautiful spyder you have there!
     
  17. 65 f.i.

    65 f.i. Karting

    Feb 10, 2008
    187
    Santa Barbara, Ca.
    Full Name:
    Martin
    I have to agree: It is your decision but you have a beautiful 458 spider.
     
  18. rickwjenn

    rickwjenn Formula Junior

    Mar 8, 2012
    544
    Minneapolis
    Full Name:
    Rick
    Having owned many Porsches, IMO the Singer 911 will be a constant let down in the overall ownership and driving experience of the F458.

    That being said, if you want a very expensive modernized 911 classic, go for it. You no doubt know if you want out of this one, you will take a huge depreciation hit given the unique market.

    The only porsche I would even consider is the new 911 Turbo S.
     
  19. Ky1e

    Ky1e Formula 3

    Mar 4, 2011
    1,252
    FL
    I would think its worth roughly $10-$20K over msrp. List for $359K.

    A Singer may not be for me, but I can appreciate that someone else may have an affinity for one. There are many people who think my FCar ownership is silly or a waste -- to me they just don't get it. The OP probably feels the same way towards those who are putting down his fondness for the Singer.

    Like many specialty items (Singer) the people who know and like them appreciate them much more than people who know nothing about them.
     
  20. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    18,035
    ON
    Full Name:
    CH
    Beyond freeing up some money I would not part with the Spider to get into a Scuderia. No Way, speaking personally.
    You have in your possession the epitome of spiders with the best spec ever shown here. Period.
    CH
    Happy trails with the Singer!
     
  21. Mighty Joe

    Mighty Joe Formula 3

    Sep 3, 2010
    1,127
    Atlanta, GA
    Full Name:
    Joe
    1100 miles on a 458 Spider and you are not happy and ready to get out? I'm confused...
    I just don't get it. You have one of the finest cars made on the planet. Nothing wrong with a Porsche but its just not a Ferrari.

    Just my .02
     
  22. dakharris

    dakharris Two Time F1 World Champ

    Jun 7, 2001
    29,441
    Sleepy Hollow
    Full Name:
    Cavaliere Senzatesta
    Labor cost is constant. It costs the same to restore a Rolls, a Duesenberg or a Model T Ford. And when you are done, you either have a beautiful Rolls, Duesenberg or a Model T Ford, but the Deusy will be worth a heck of a lot more than the T. A Singer is just a beautifully hot rodded and restored 911. Fortunately resale will be pretty good, because there will be so few built that demand will always exceed supply. There will always be at least one Porsche guy who has to have one. What I don't get is why that guy wouldn't just buy a 2013 911. Isn't that what Singer is trying to do...build a 2013 911? Why not start with a 2013 911 and tinker with that? Seems like it would cost a lot less if you don't have to mess around with making the old parts new. Then you can put your name on the back of the car instead of Singer.

    BTW, I know a few guys ready to part with their 458s with fewer than 1,000 miles. The car is so refined and so easy to drive that it doesn't excite them. To each his own. Live life to the fullest!
     
  23. Superquant

    Superquant Formula Junior

    Apr 27, 2009
    431
    #23 Superquant, Aug 17, 2013
    Last edited: Aug 17, 2013
    This thread is going to turn into the metaphysics of sports cars but here goes: The 458 rationale is simple for me. I have had three 458s, two coupes and this spider since summer 2010. I'm basically out of love with the 458 after these 3 years. My perspective on sports cars has evolved and now its clear to me that the latest and greatest is actually almost never the greatest in the long run. I am also looking for certain things that usually are not in line or economical enough for broad market adoption which is why they are hard to find.

    458 is a great modern car but it does not have the element of timelessness which is what I want in my cars from here on out. Its not exciting on the same level as the other cars I have or appreciate like the Carrera GT, Ford GT, F40, or even the 430 scuderia. The car does everything well no doubt, but it is too easy to drive and at normal speeds you just can't get deep satisfaction from it. I find it twitchy on the throttle and the steering is a bit dead although hyper fast. It was designed to give high impact fast to most drivers.

    As an example of what I mean, I just test drove my neighbors 430 Scud, a car I had also driven about 3 years ago. There is something about the scud that is just magical in the way that I didn't get from my 458 coupe. The 458 pulls harder and is generally 'better' at the numbers but the steering and pedal feel and sound of the scud are top. The whole intensity of the experience in the scud is higher. I think its a 'Real Ferrari' in the way an F40 is. The icing on the cake is that the value is so good its almost a no brainer to own one, which is precisely what I am trying to do while I wait for the Singer. So I do not intend to leave the Ferrari family, I am just tuning to my tastes. I think I could keep the scud 1 year or 5 years and I am likely to lose nothing on it, possibly even make a little which is more icing on the cake.

    Regarding the Singer, I guess I see the world differently than most on this forum (not surprising). There really is a lack of understanding of what Singer is doing. The post above references 'making old parts new'. The only pieces or design of the donor car that are retained are the ones that cannot be made better with new components - and that is very little. For example the steering is deemed to be the best of ANY 911 ever, 2013 included (by far). So Singer makes that part of the car like new and keeps the same design. That is an example among many others of why it makes no sense to start from a 2013 Porsche and 'tinker'. And, to be clear Singer is not trying to build a 2013 911, they are trying to build a 911 that is from all years and is the optimization of the best from each.

    Other examples that can paint the picture of 'newness' and over the top excellence: the body work is entirely carbon fiber made by Aria, an engineering and aerospace specialist that designs and fabricates carbon at the highest possible level. All panels are custom designs by Singer. There are 4mm shutlines all around (show me that on a modern ferrari). Every piece of metal in our out of the car is nickel plated. The suspension / damping system is full Ohlins TTX 3 way. The electrical harness is all new custom, mil-spec connectors on everything and there is a MOTEC M800 ECU (they make ECUs for Le Mans, IndyCar, FIA GT, etc). The headlamp units are the same Hella pieces used on Le Mans prototype cars. The engine is built by Cosworth, who has been making formula 1 engines for Williams etc for 40 years. The wheels are custom machined new. The sound deadening and vibration control is done by an audio engineering specialist that typically is commissioned to work on private jets. There is a lot more but you should get the picture. The car feels like it is made out of a single piece of billet.

    And, it drives better than it looks or feels to the touch, if that is even possible. So, that is why its well worth the high price and also why I am totally confident that resale will not be an issue. There is a long history of special machines built by geniuses that become instant classics with enthusiasts (see Chip Foose, Ruf, etc). I believe Rob Dickinson, the Singer founder and main creative brain, is such a person for Porsche fans and is making a timeless machine. He is singularly obsessed with perfection and striving for it and this is a principle that I have full faith in (see Steve Jobs). It also appears like there are plenty of people that think the same as the order book is full through next year, so the market has spoken. None of that matters though because my expectation is to keep this car forever as an heirloom if life will have it that way.
     
  24. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    106,086
    Vegas baby
    I had some similar feelings. After having a coupe the spider didn't really set my bottom on fire.

    If you never driven a 12 coupe, you'll think the world of the 13 spider. But it you have, well.....
     
  25. raider1968

    raider1968 F1 Rookie
    Owner

    Mar 13, 2008
    4,966
    NC Mnts & Asheville
    Full Name:
    John E
    Well put discussion - I know what you are saying although I am certainly not putting down the 458 - I never got rid of my Scud because I did not want to forever loose the hard shift - especially on the track
     

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