Cheap 2012 FF's

Guys I see a lot of 2012 FF's in the $210-229k range sitting forever. What are these cars actually trading for? Does anyone have any concrete data points?

 

I'm wondering the same thing. Some searches here shows recent sold price at $205k and $210k.

I'd love some more data points though.

 

FF is insanely good value for money if you like its problematic design.

 

Cheap ferrari 2012 at 200k plus.....
, in life it is all relative!

 

Anyone else care to share $$ for recent transactions? Certainly understand if you'd want to keep this info private. I'm thinking that 2012 FF's can now be had for sub $200k.

 

32 cars listed on Autotrader cheapest one is $209 K

 

Should be under $200K by now, but who knows. Find one you like and make the offer your comfortable and see what happens. Worst case it just gets declined.

 

There is a Ferrari Approved 2013 on Ebay now for 199K OBO

 

Here in Europe used FF`s starts at $165k

 

I think this fall under 20k mile ones will be asking under $200k consistently. Especially with the new MY16. That said, I believe that the Ferrari community though is figuring out what one hell of a car the FF is and prices will hold there for a while. This car will not see $150k for quite sometime.

Just my opinion

 

Depreciation line will be closely related to facelifted FF. If Ferrari brings out very attractive facelift with nice performance upgrade and some visual changes, used ones will depreciate insanely fast.

Current FF`s are not keepers in a way that they are "beautiful/limited production/end of era" models, on contrary they are mostly considered as awesome ultra-high performance daily drivers. Most FF owners will end up trading-in their current daily drivers for new improved daily driver.

I am sure Ferrari community is absolutely aware how awesome FF is, but questionable design is keeping wider circle of buyers far away from FF + daily-driver image doesn't help keeping price steady, on contrary it pulls price down much faster.

 

I agree, just like what is happening to the first gen Cali's.

 

In UK FFs have bottomed at 150k £s and they have at least 20k plus miles. Facelift has been confirmed to me as only grill and rear lower section mods to cater for turbo V8 models plus remap bhp lift for v12s, apple car play and 8 speed box to enable v8 to achieve the right figures.

Just ordered a new one now in build and it already has the upgraded infotainment plus prefer 7 gears to 8 as I think 8 are too many with V12 near 700 bhp on tap.

Pricewise the v8 will I've been told be just below current costs but v12s will move up by a good bit which when launched will stiffen the used market as has been seen with the Cali which appears to have hardened at around 90-95k £s. for 2009 models.

One thing that did confuse me was the fabric backing on the new Beige Tradizione. In my experience only bonded leather reconstructed from pulp needs a fabric backing. I hope this is not the bean counters influencing purity.

 

I thought there were no V8 FF planned?

 

China have imposed massive import tax on anything over 3999 cc and the one testing at Fiorano sounded like a very loud California T

 

There is some online chatter about a V8

Ferrari FF Facelift Spied in Detail, Will Arrive in 2016 with Turbo V8 Base Model - autoevolution

 

Those are quite old news here on forum. Most FF fans hope there wont be V8TT version.

Truth is that wider audience will be interested in this car with pretty same power like current FF but with smaller displacement and better fuel economy/CO2 emission.

 

Recently traded in our 2013 FF, original MSRP as shy of $230K with every option we wanted. Trade value was $225K, 5K+ miles. Car was impeccable condition. Traded in on a late 2015 model year, actually similar spec and around the same price. So effectively our depreciation was about 10% per year in total, with about 2K+ miles per year. Perhaps slightly steeper than other Ferraris, but WAY better than most any cars. In a strange way, I also saved close to $20K by getting a fresh warranty vs. having to pay $20K for 3 years of extended warranty...

Most 2012's were way over-optioned and had large MSRP's; plus, 2013's took about $15K of what would have been paid options in 2012 and made them standard (at same MSRP) for 2013+ model years. So, on basis, the 2012's saw a heavy depreciation off MSRP. 2013's appear to be more popular as 1) lower MSRP's to start with and 2) have more warranty balance remaining.

Our dealer has now sold 8 FF's in past few months- most new specs, and 1 demo. FF market is small, but more owners are loving the cars. I also think many 2012's were bought as brokerage for people wanting to move up the list for F12, 458 Spider and likely Speciales...so at trade in time, they are lowballed a bit.

No doubt some are aggressively priced - so rightfully so, in many cases it was to move them quickly due to timing (my speculation). Again, I know some people are hung up on the design elements, some also like to claim brutal depreciation, but again most 2012's were demo and overloaded with options that rarely get credited on resale value.

 

Very interesting post,but I am finding your arithmetic difficult to understand.Would you mind clarifying.Thank you.

 

Probably 330 not 230. Base is higher than that I believe.

 

Sure, will try.

Essentially, a 2012 FF with the exact as a 2013 is $15K more, as Ferrari made Sat/Nav, Electrochromic mirrors, rear camera and 1-2 other options "free" (i.e. as standard equipment). That, plus the 24 odd demo cars which had a LOT of options (leather boot, DVD players, ventilated seats) have higher MSRP's. As we all know, resale value retention on the "vanity" options is generally low-to-very little. Results are higher depreciation rates.

Our 2013 FF had a modest spec ($325), very conservative (Blu Pozzi/Couio) and we kept the car immaculate, even with 5K miles on it. Given the warranty was about run out, if I was to keep the car for 3 more years, I would have had to invest nearly $20K to get the full warranty- which I would keep in force.

We probably got some "generous attention" since we've been loyal to our dealer and have purchased more new cars in few years than is likely sane. So on trade, we got a very good trade value ($225K). I'm sure what helped is the dealer would love to see more FF's, they had zero inventory at that moment, and our car should move quickly. So I'd say prices can range from $205-240 for traded vehicles, perhaps a bit more for private sale (no data, just what I"ve seen).

So, getting a new FF (likely going to do the FFS special/subsided program), I avoided buying the warranty, got a great package on a new one, and our dealer will probably get a fast-moving used car that may make profit but should move quickly.

Said otherwise, over 3 years we had great mileage, great memories and and avoided a warranty purchase; couple that with this aggressive FFS program and I'm probably "out" $80-100K net for 3 years....which is about 10% per year.

Hope that makes sense. And, while I"m trying to put some logic on this, as everyone knows depreciation on a V12/2+2 Ferrari is simply an occupational hazard. It's emotion (and a lack of knowledge).. The next owner is getting a car that essentially brand new and with enough miles on that hopefully they will drive it instead of buying it and living in fear of depreciation (or, be part of the Fchat "let's brag about our resale price instead of how much we drive it" mafia.

 

Yikes - my apologies...Typo in the original post. new price on our car was $325-330. I fat fingered it, sorry for the mistake (also explains being questioning my math!)

 

Most FF I've seen are well into the 300s and depreciation seems like $80K in the first year almost guaranteed.

 

IF the car has a $375 MSRP, depreciation is very still. If the car is around $325K the depreciation is less (obviously, since you factor depreciation off MSRP).

Seems like most asking prices are $210K-$250K (just from a glance). I"d be curious as to what the actual sales figures are. I also an unsure how many of the several "mass waves" were due to people that bought cars as markers for F12, etc?

 

In the interest of helping others like I was helped on this amazing forum, here are my 'real life' numbers....

Bought a 2012 FF last October with 11.5k miles on the clock for $203k (MSRP - $372k). I was the third owner and my dealer indicated that wholesale value was ~$185k.

I shopped around for months (I knew pretty much every car in the country that fit my desired spec) and the variance in sales prices across the country was significant ($203k to $225k). IMHO, it really depends on what the dealer is in the specific car for and I'm assuming that a $10-$15k spread is what they have as their target profit to make on every car.

From my standpoint, as this is my first Ferrari, I couldn't be happier and even if I got screwed, a few extra thousand $$ is well worth the smile on my face when I put my foot down...what's even more worth it is when my wife asks me now when she's getting her Ferrari ((she drives 'our' (yes it's now become 'our' car vs. 'my' car...!) FF as much as me if not more)) since she loves the car ('it feels so close to the road', 'has really good brakes' are her comments...none on the speed / acceleration interestingly enough...) so much!

Take care & enjoy life,

Sam