F12 offered to me at 50k over?

Was offered an in stock white 380k sticker f12 at 50 over yesterday.
I wasn't sure if 50 over was still a reasonable number?
Anyone know of cars available that are priced closer to sticker?

 

If its used car that would be typical...even up to $100K over. If thats a new car, never titled, then that might be illegal for a dealer to sell over sticker.

 

They've got you/us over a barrel if they're offering to sell and you/we're not offering to buy for a specified amount! So it is with supply and demand.

 

nice of them

 

But they never sell over the sticker!
They just accept $50k-$100k donation to their dealership's Motorsport Division, made at the same time the purchase is made......

 

was curious if anyone else here was paying 50k over sticker for their F12's.
just not sure if it is a "reasonable" markup almost a year after the car has been released.

 

Here is one for $449k.

2014 Ferrari F12 for Sale - 2254108 - duPontREGISTRY.com

 

Be patient and remember, at this same point in it's model cycle, 599's were selling for at least $100K over sticker.

In the U.S. F12 deliveries started 10 - 12 mos. ago - so there is still a wait list for the car. In 2 years the wait list will be no more and normal depreciation will have set in.

Expect a similar depreciation curve for the F12 as compared to both the 599 and 550. So paying $400K ish now will net you $225K ish 5 - 6 years down the road (assuming average yearly mileage for that car, i.e. 1800 miles/yr or so).

Best.

 

I would say that the 599/F12 comparo might not be fair. The 599 started hot and then the financial crisis happened. So a lot of cars came on the market decreasing used market value. Also, Ferrari is sending fewer F12 to the US market than 599s.

If things continue to go well in the economy, i dont think the F12 will see the same depreciation curve as the 599. Look at the Aventador (Which probably has more wow factor), they are keeping their value very very well considering more than 3000 were built already.

 

all very rational, but nothing beats getting one TODAY!

if you can afford an f12 is $50k a dealbreaker?

 

I think so for me since I have never paid the "early bird tax". But it might be difficult if I'm sitting in something like this...
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$50K seems like a pretty modest premium to get an F12 in the USA *right this minute*. (In fact, I find it mildly disturbing that they're stooping this low to get it out of the showroom.) The only question is, do you like the way this car is spec'd out? If so... well, you know what to do.

 

what likely happened is:
car was ordered by a customer that backed out and gave the car up to the dealer

because a ferrari is ordered/sold when it is ordered there is a client name attached to the car

the dealer can sell over sticker if it is given up by the customer, and the new buyer agrees not to register the car w/ FNA for 1 year after sale...thats how they get around it

 

Scottsdale Ferrari has an F12 on their website listed at $480k. Looks to be heavily optioned.

http://www.scottsdaleferrari.com/detail-2013-ferrari-f12berlinetta-2dr_cpe-used-11560932.html

 

i have never seem such gamesmanship as i have w/ ferrari dealers...nothing compares to it in the auto world...its its own entity...and now ferrari w/ its lower production numbers is inherently driving up the prices not he used end because supplies of certain vehicles are lower...its a big $ game for sure

 

I would wait and pay sticker remember in a few year the car will drop just like all the others ... I am anxious to get a F12 but just cannot bring myself to pay over sticker ...
so wait it what i am doing.

 

I guess my take is that an F12 with a 380k sticker is worth somewhere in the 420 to 430 range. That's just the reality of the market. In a sense it's not a premium at all, it's just what the car is worth. Guys who paid $1.2m for an Enzo with a $658k "sticker" weren't really paying a premium, they were paying what the car was worth. The only difference with the F12 is that it's a depreciating asset. My rule of thumb is that any (mass produced) car, no matter how hot today, will be worth half what you paid for it in 5 years time. If F12s continue to trickle into the USA then maybe residual is a little higher.
If you are looking for reasons to buy, let me help you out. You are basically saying that at 110% of sticker you can get the car you really want now. The car is going to be worth say 50% in 5 years time with normal mileage, so between losing 60% paying 110% now or 50% paying sticker in 2 or 3 years time, the depreciation difference is between 10 or 12% per year. Do you really care for the extra 2% hit per year? And you get to enjoy the car now. The other question is whether "sticker" really exists, I mean, won't most dealers get you some way or anther? Like with a trade in car that seems to have depreciated a little more than you expected, if you get my drift. I wonder if the "sticker in 2 years time" is just a mirage that will disappear when you get there.
What I can tell you is that is that I don't remember what I paid for my F12, I'm having too much driving it every day. Good luck with the decision, this is what I like to call a high quality problem.

 

I agree.

Most of us who buy Fcars are more interested in the passion of ownership than the "investment potential."

You can buy a classic...and have the repair and maintenance issues. Those are time consuming and expensive... but you may be able to book a profit when you sell (and when do you sell? easier to buy than to sell. Few hit the top of the market...can you?)

Best

 

Mark you nailed it.

FWIW, FoNE has an F12 for 499. I'm not a huge lover of white cars but this looks sharp!

http://www.ferrarine.com/certified/Ferrari/2013-Ferrari-F12-27e7a6bf0a0a00a411996db5b6afef33.htm

 

Thats ludicrous!! I wouldn't pay $1 over sticker. We get a substantial discount on sticker price this side of the pond. Dealers in the USA are crooks. They register brand new cars in the names of "rat holes" (borrowed the term from Wolf Of Wall Street) so they can then sell them to the real end users at inflated prices.

Otherwise it would be illegal for them to sell the car at a premium. All dealers of all car brands in the States do it. Its common practice, and its thievery!

 

The same free market that otherwise prevents a basically identical european spec F12 being imported until it is 25 years old?

If they were I expect you wouldn't see any premium at all in the US.

 

Sitting on my front porch with a couple of guys that helped build the house. They are telling me about a house they are building for a young single guy, dot-com rich and retired. like 10,000 square feet that included an indoor great room with glass ceiling and pool and hottub. House only had 3 bedrooms. I said "I would have added a few more rooms, just for resale."

The worker looks into the distance and gives me a very wise statement:
"If I had the money, I'd build whatever the f*&k I wanted."

'Nuff said.

 

Thats just how it is in the US market. Its hard to pretend its perfect. It isn't. But I am sure every market has its particularities or problems. I don't think most Ferrari dealers are the ones making the big profits on the cars they sell. As to paying over.... well, lets just say I think its silly to judge someone who has the means to get what he wants so long as he or she understands that overage is straight out depreciation.