2016 Ferrari 488 GTB @ Ferrari of Houston

2016 FERRARI 488 GTB NERO/NERO
480 MILES
FERRARI APPROVED

ONE OWNER, SOLD NEW BY FERRARI OF HOUSTON, PERFECT CARFAX / AUTOCHECK

$359,995

Contact Ferrari of Houston 713-772-3868

or

Joe Maniaci [email protected] / Craig Becker [email protected]


AFS1 AFS SYSTEM
CALY YELLOW BRAKE CALIPERS
CEAD CARBON FIBRE REAR AIR-DUCTS
CEFL CARBON FIBRE FOG LAMP
CEIS CARBON FIBRE SIDE AIR SPLITTER
CEL2 ENGINE COVERS IN CARBON FIBRE
CIDL CARBON FIBRE DRIVER ZONE+LEDS
CILR CARBON FIBRE CENTRAL BRIDGE
CSB1 COLOURED SAFETY BELTS 364700811 CINTURE GIALLO
DATR CARBON FIBRE DASHBOARD INSERTS
ELEC ELECTRIC SEATS
ELEV SUSPENSION LIFTER
EMPH HORSE STITCHED ON HEADREST 364100113 FILO GIALLO 0113 - YELLOW 0113
FLMA COLOURED MATS WITH LOGO
FNEU US FUNCTIONAL EQUIPMENT
LOGO 'SCUDERIA FERRARI' SHIELDS
PAC3 FRONT AND REAR PARKING CAMERAS
PAR2 FRONT AND REAR PARKING SENSORS
RPMY YELLOW REV. COUNTER
RSFD 20" FORGED DIAMOND RIMS
STC2 COLOURED SPECIAL STITCHING 364300113 FILO SPECIALE GIALLO 0113
TYMX MICHELIN TYRES
VPPL VEHICLE PERSONALIZATION PLATE
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What is MSRP?

 

+1

 

"Manufacturer's suggested retail price"...but that's not important right now

Bada bing.

 

Hey O!!!!

 

Sorry for the offtopic question, but who the f**k buys a new Ferrari, drives it for 480 miles and then sells it??

 

Just depends. Maybe this owner was offered a significant amount of money over what they paid for the car and wants to make some money. Or they could have had a life situation come up and need to sell? Maybe the dream of owning a Ferrari was better than actually owning a Ferrari, or maybe they were disappointed in how it turned out and ordered a new one or ordered a spider. Point is there are lots of reasons

 

A good amount of coupes are for sale because they released the spider so quickly after the coupe. There are a number of customers that order first allocations of everything so they get access to the limited model cars, so they probably got the spider in and are getting out of their coupes ahead...

 

very nice ....GLWS

 

MSRP of $318,430

Yes, there are many reasons for a client to trade/offer for resale a low mileage Ferrari. While it's not my place to speak to the original owner's personal matters, I can confidently state there are no concerns regarding warranty issues / disappointment of Ferrari ownership / or anything remotely negative regarding Ferrari or specifically this 488GTB.

 

Yep.

To some people ordering a Ferrari is like me buying a new shirt.

 

Ha, yup. And to finish the analogy. This would be like getting rid of that shirt after you wear it once

Seriously though - this getting the "latest" ferrari and giving it back to the dealer to sell above MSRP is a "win/win" relationship that many dealers have with a few clients. (keep in mind that dealers cannot sell a new car above MSRP - only a used one).

 

Why can't a dealer sell a new car above MSRP? See it all the time on popular new models.

 

I presume your question was a legal one - asaik there are no laws against it.

That said, we have been told Ferrari has a policy of not doing so. (At least in the USA)

 

Ah, so it's a Ferrari thing. I learn something new here all the time.

 

You don't have to. Someone will order a new Ferrari, drive it around the block when they get it... and then sell it back to the dealership so they can then sell it "used" at above MSRP. Then "get on the list" for the next greatest model so they can wait until that one comes out then drive it around the block once.

You know.. cause Ferrari doesn't take advantage of new car buyers by price scalping... supply and demand and all..

 

Ferrari does not allow dealers to sell above MSRP. I don't know why I just know Ferrari says no to that.

 

Selling above MSRP financially exposes the manufacturer in the event of lemon law.
For instance, if a car was sold for $100,000 over MSRP on an official purchase order in then goes lemon law, the manufacturer is on the hook for the full amount, although the dealer profited the additional $100,000.

I've never been involved in that scenario, but reviewed as a case at a NADA seminar.

 

Interesting, thanks for this clarification on a long running topic in many threads. I wonder if this applies to all over sticker transactions, like when you see market adjustments on the Focus RS? Or when I was in college and worked for Ford when the the (then) new early 00s T Bird came out we sold a few for 10s of thousands over sticker?

Anyway, GLWS on a very sharp looking 488!

 

I'm aware of a dealership owned by a publicly held company that often sells at a market premium by selling the actual Porsche at MSRP, plus a $10,000 value added package that consists of floor mats, tint, and paint protection....pretty slick.

Some dealerships will title a new car to a leasing company that they own so they can sell a "new car" as a "used car"... and then skirt the export/over MSRP restrictions. Most manufacturers are quick to figure out that game.

That is not the case with this 488 GTB and would certainly discuss this car privately with any interested party.

Thanks for the compliments on the 488 GTB.

 

Maybe he had another allocation for a Spider and it is arriving?

Regarding above MSRP, they could place a line called "Market Adjustment" which is common.

 

That happened when the bubble burst in the early 90's. There were more than a few F40's that were sold at twice the MSRP and suddenly were only worth MSRP. There were lemon law judgments against Ferrari (Parking brake, if I remember correctly) That's why the F50 was only available at a 24 month lease.


Joe

 

Another major reason is that dealers are assigned territories and they are not supposed to sell new cars to people outside of a certain territory. Because a dealer is assigned a territory the manufacture restricts sales over MSRP otherwise, if you lived in a state where there was only one dealer and your dealer charged 100k over MSRP and the dealer the state next to you sold at a discount.... you as a consumer would be screwed. So... the manufacturer puts in a price cap as to what they can charge. Once the car is used... its no longer under their control.

 

Ashtray FULL?