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Trade Scud for 458?

Discussion in '458 Italia/488/F8' started by tscud, Aug 29, 2014.

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  1. tscud

    tscud Karting

    Jan 16, 2014
    88
    San Diego
    #1 tscud, Aug 29, 2014
    Has been discussed before I am sure. This is my scenario............ have a gorgeous black 09Scud with Italy flag and red/black interior. Has 11k miles. When picking up at service there was a brand new 2015 silverstone 458, GM said the guy who ordered it is backing out and I can have it. I have 30k in equity with my car and my lease payment would only be $150 more per month rolling in the equity. Sticker on the 458 is 270k and I lease my cars on the business.

    I would probably keep the car 12 to 18 months and put about 3k miles on it. Would you do the trade? And do you think I will be able to trade it in for around 270k? Has no nav or upgraded sound system. Has CF driver and led steering, electric seats. parking sensor, the nicer wheels and a few other things.

    Reason I want to trade is that the Scud is not used very often. The 458 would only get a tad more use in that it is more comfortable and can take wife out on date nights or do a weekend getaway up to Newport Beach with it. Scud is to harsh for those things.

    Also am considering a R8 V10 manual spyder, 991 TTS coupe, or MP4.

    Head is spinning
     
  2. Noblesse Oblige

    Noblesse Oblige F1 Veteran

    Nov 7, 2011
    6,114
    Three Places
    #2 Noblesse Oblige, Aug 29, 2014
    For the use you describe, the 458 will be perfect. But I am very skeptical about your getting 270K back in 12-18 months. I would figure ~ 50K less than that. Sorry.
     
  3. tscud

    tscud Karting

    Jan 16, 2014
    88
    San Diego
    #3 tscud, Aug 29, 2014
    Even though it will be a 2015 model, you think it will drop that much. You are talking 220k for a 2015, I only see 2011 and 2010 with around 10k miles selling for 220k.
    Not saying you are wrong, but why do you think that much of a drop.
     
  4. FE458IT

    FE458IT Formula Junior

    Jul 17, 2013
    445
    Toronto
    #4 FE458IT, Aug 29, 2014
    Go for the R8 Spyder, perfect for nights out, weekend getaways etc.
     
  5. Rcktrod

    Rcktrod F1 Rookie

    Dec 21, 2010
    3,946
    USA
    #5 Rcktrod, Aug 29, 2014
    Go for the 458...
     
  6. Noblesse Oblige

    Noblesse Oblige F1 Veteran

    Nov 7, 2011
    6,114
    Three Places
    #6 Noblesse Oblige, Aug 29, 2014
    Right, but you have to figure the drop between retail (what you are seeing) and wholesale (trade) values. So a 2015 that MSRPs at 270K might sell in 1 to 1 1/2 years say for 250K retail or even slightly more. But that would not be the trade value, which would be as much as 15% less.

    If you are in the market early on for a hot highly sought after model, you can recover your MSRP in a year. But assuming this is an Italia, we are well past that stage. Even the Spiders will probably be dropping in a year.
     
  7. 458ferrari

    458ferrari Rookie

    Jan 15, 2012
    4
    #7 458ferrari, Aug 29, 2014
    R8 Spyder would be my vote for comfort, looks and performance. Most women I've driven with prefer riding in the R8 over the 458 for trips and just love being seen in public with it.
     
  8. PhilNotHill

    PhilNotHill Two Time F1 World Champ
    Owner

    Jul 3, 2006
    27,855
    Aspen CO 81611
    Full Name:
    FelipeNotMassa
    #8 PhilNotHill, Aug 29, 2014
    San Diego. Perfect convertible weather.

    1. 458 Spider
    2. R8 V10 Cab w manual trans if so inclined
    3. 911 so common nobody will notice/

    Best ;)
     
  9. tscud

    tscud Karting

    Jan 16, 2014
    88
    San Diego
    #9 tscud, Aug 30, 2014
    Hopefully will get a chance to test drive both of these this weekend. You guys have left me just as confused with each car getting half the votes.
    Thanks
     
  10. Federico368

    Federico368 Karting

    Aug 26, 2011
    71
    #10 Federico368, Aug 31, 2014
    Get the 458, the sound it makes is just mind blowing and you will use it more than the scud because it's comfy and if you don't want it to be a noisy you can just cruise around and it will drive like a Mercedes .


    Inviato da iPhone
     
  11. stretchgeneral

    stretchgeneral Formula 3
    Owner Rossa Subscribed

    Aug 9, 2014
    1,439
    MA/TX
    Full Name:
    McK
    #11 stretchgeneral, Aug 31, 2014
    Go with the 458. My wife complains about bumpy ride etc, when we are out in my 2012 Porsche Turbo. But when out in the 458 which is a rougher, louder ride......no complaints.
     
  12. Russell996

    Russell996 Formula 3

    Sep 24, 2010
    2,263
    New Forest UK
    Full Name:
    Russell
    #12 Russell996, Aug 31, 2014
    Keep the Scud.
    Certainly it will be the better financial bet and you will miss the raw drive - assuming that is why you bought it in the first place.
     
  13. RC33

    RC33 Formula Junior

    Nov 29, 2005
    836
    Garden City
    Full Name:
    RC33
    #13 RC33, Aug 31, 2014
    If i were you, I would keep the Scud and trade up to the Speciale later on ...
     
  14. dr.sb

    dr.sb Formula Junior

    Aug 19, 2011
    789
    UK
    Full Name:
    Sunny B
    #14 dr.sb, Aug 31, 2014
    If you don't wantto lose too much money buy a used MP4. A used 458 is good too, but comparing a 458 to a R8 V10 is not a true comparison to me. Best all rounder with you not wanting to lose money is a used R8 v10 with trade in in 18 months. Used MP4 is good too, but not 458, 458 replacement due very soon you will lose money.

    Sunny
     
  15. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    18,084
    ON
    Full Name:
    CH
    #15 of2worlds, Aug 31, 2014
    I would dump the Scud and get the new 2015 Italia. It will be two years before most people get their hands on the new replacement with the typical initial demand for a newer version Ferrari. The euro market gets new models at least six months ahead of North America.
    Getting a new Ferrari from your dealer now; especially in these circumstances should help your chances when the replacement model shows up to...
     
  16. NürScud

    NürScud F1 Veteran

    Nov 3, 2012
    7,308
    #16 NürScud, Aug 31, 2014
    Stay with the Scud :D
     
  17. Mighty Joe

    Mighty Joe Formula 3

    Sep 3, 2010
    1,127
    Atlanta, GA
    Full Name:
    Joe
    #17 Mighty Joe, Aug 31, 2014
    Keep the Scud....
     
  18. Adamas

    Adamas F1 World Champ
    Rossa Subscribed

    Jan 13, 2012
    12,008
    Out of town
    Full Name:
    Mike
    #18 Adamas, Aug 31, 2014
    Yup
     
  19. tscud

    tscud Karting

    Jan 16, 2014
    88
    San Diego
    #19 tscud, Aug 31, 2014
    Took the Scud out three times yesterday and drove the hell out of it. 2 hours total of driving it. One of the trips was to test drive a R8. It was a 2014 coupe V10 with S-tronic, the only other models they had were V8.
    I went with the idea of ruling it out, so I could focus on the 458 and a little on the MP4 (doubtful).
    I was really surprised by how much I loved the R8. It really didn't feel like I was sacrificing in the thrill and rawness of the drive. It still felt exotic, but gave so much more. After getting out of it and back in the Scud, I can't say I would miss the Scud at that moment. So will go and test the 458 tomorrow and see.
    Right now the R8 seems as it would get more usability to me, the hold up is that so far they are not coming close to matching trade in value for my Scud. Porsche will give me 177k and Ferrari will give me 176k. Beverly Hills Audi has a R8V10 spider, manual but they are offering me 130k for trade so far. Freakin idiots.
     
  20. FE458IT

    FE458IT Formula Junior

    Jul 17, 2013
    445
    Toronto
    #20 FE458IT, Aug 31, 2014
    R8 V10 with the S-tronic is a phenomenal ride, not surprised you liked it.
     
  21. BMan14

    BMan14 Karting
    Rossa Subscribed

    Dec 31, 2013
    247
    #21 BMan14, Aug 31, 2014
    Wait until you don't have to lease/finance it. And then go with the next gen 458 turbo.
     
  22. tscud

    tscud Karting

    Jan 16, 2014
    88
    San Diego
    #22 tscud, Aug 31, 2014
    I could buy it now. But I don't do that, as I like the biz tax write off with lease, don't want to tie up my money in a car when it isn't the best financial option. I also don't keep my cars for very long so if I buy it than I lose that 9% in taxes right off the bat.
     
  23. raider1968

    raider1968 F1 Rookie
    Owner

    Mar 13, 2008
    4,966
    NC Mnts & Asheville
    Full Name:
    John E
    #23 raider1968, Aug 31, 2014
    The only way to go - let Uncle Sam pay the tab and do it! - the one thing I really miss in retirement is the toys right off
     
  24. 9650max

    9650max Karting
    Silver Subscribed

    Apr 28, 2011
    173
    #24 9650max, Aug 31, 2014
    Go 458, performance and comfort. It will go down some but so what. The point of having money is to do what you want. Like you I can't see a 2015 458 being 220,000 thousand in two years.
     
  25. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
    2,746
    USA
    Full Name:
    Max
    #25 09Scuderia, Aug 31, 2014
    You write off a leased Ferrari...as a business expense?
    Love to know more about that.

     
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