458 pricing Bottomed? | FerrariChat

458 pricing Bottomed?

Discussion in '458 Italia/488/F8' started by philip teng, Nov 29, 2017.

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  1. philip teng

    philip teng Rookie

    Nov 29, 2017
    3
    chicago
    Full Name:
    philip teng
    Guys,

    I am consider a 458, I am currently looking at a 458 with 10k miles, full carbon interior, carbon steering wheel, carbo engine bay and carbon rear diffuser and front spoiler with full race seat.

    The car has been tracked, the dealer said the carbon ceramic break needs to be replaced. need to have new tires.

    This is from a local Ferrari dealer and they are will to certify the car. and they are asking 175K.

    Is that a good deal. The dealer is know to ask high dollar for their cars.

    Where do you think the car will bottom at? I know the 488 is just really the marketplace now.

    How comfortable is the race seat on long drives?

    how much is it to replace the seats?

    I was told the break rotor has more than 50% left but is has some glazing over it and may need replacement, a friend drove it and he has the 430 and Italia and he said it feel fine at street speed and it it's better than his 430 steel breaks.

    Should i replace it with steel breaks ?

    Any suggestion and tid bit would be great

    Thanks
     
  2. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,966
    Southlake, TX
    Full Name:
    Rob Lay
    458's are a great deal now, they have already had most of their depreciation, but I wouldn't say they've bottomed. Ferraris depreciate at an advanced rate until they reach a pretty set margin with the model one generation older (430). I do believe 458's will have a higher margin than past models because it was a great new design and also last NA. That margin will be somewhere $30-50k above what average 430's are selling for. I think you will see 458's sell in the $125-175k range in next 1-2 years.
     
    AlfistaPortoghese and RossoC360 like this.
  3. 3POINT8

    3POINT8 F1 Veteran
    Rossa Subscribed Silver Subscribed

    Jan 23, 2014
    5,275
    CCBs wearing out in 10k miles? that must be some serious tracking
     
    mr_magoo and Afonsolaw like this.
  4. spyder625

    spyder625 Formula Junior

    Jun 16, 2017
    727
    NJ
    Full Name:
    Mike
    i agree, they tracked that car way more then a few times...
     
  5. dc3843

    dc3843 Karting

    Dec 13, 2014
    134
    Frisco, TX
    Full Name:
    David Conrad
    I paid 165k from a Ferrari dealer and I didn't have the seats or the carbon. I think 175k is a good deal. but yea if the brakes are work out after 10k miles, they beat on that car.
     
  6. Melvok

    Melvok F1 World Champ
    Owner Silver Subscribed

    Jul 25, 2008
    14,263
    Amersfoort, The Netherlands, Europe.
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    Mel
    No way Rob.

    At he moment, 458's still are far above K$160 ... in two years maybe at K$150 ... imo :)
     
  7. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,911
    New jersey
    Sounds like some heavy tracking! If the brakes are 50 percent I mean that's not horrible but depending on how much you drive you may have to spend upwards of 20k to replace. Also the race seats are awesome I wouldn't get the 458 without them very comfortable and they look incredible. At 10k miles 175 sounds fair considering all you are describing and it's from the Ferrari dealer that is def with something especially since they are willing to warranty the car. I think the 458 is reaching its bottom currently. What is the collor combo ?
     
  8. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,966
    Southlake, TX
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    Rob Lay
    I said next 1-2 years, but already asking prices...

    Image Unavailable, Please Login
     
  9. natman316

    natman316 Formula Junior

    Jul 20, 2015
    468
    CCMs can wear out after 1 hard track day, so CCM wearing out doesnt necessary mean it was a track car all its life.
     
    Caeruleus11 and Ky1e like this.
  10. Ky1e

    Ky1e Formula 3

    Mar 4, 2011
    1,252
    FL
    ^This is correct. I destroyed my CCMs on my 458 after 2 track days. They only had 8% wear but finish on them (surface texture) was shot. They became overly rough. FoTB quoted me $40,000 for all new CCMs and pads, I bought the OEM parts for $12,000 and had the dealer do the work $1000.
     
  11. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,911
    New jersey
    These look like they are all higher mileage cars and off colors except for the red. Which is the highest price of the three. Also all three of these examples or 2010 and 11's which are not as desirable as 2013 onwards. Also do they have bad car faxes? What are the options ? All of these variables have an affect on price
     
  12. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,911
    New jersey
    If you want the cheapest ferrari out there these three are great examples!
     
  13. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
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    David
    Given the number Made and the number sitting on the market I have to think that prices haven’t approached bottom yet.
     
  14. rumen1

    rumen1 Formula 3
    Owner

    Jun 23, 2012
    1,831
    Bulgaria
    I think the 458 will depreciate a lot, lot more and I don't see why the 458 prices will not reach the current level of the 430 prices. The 430 was such a huge step forward for Ferrari when it came out and still is a great car. And I don't see any reason that the 458 prices will not go trough the same depreciation, especially considering the fact, that the 488 is such an amazing car also. I don't think a lot of people suffer because of the fact, that the 488 is turbocharged and most people do change their 458s with 488s.

    As for the brakes - my Scud was tracked very hard and the rotors needed replacement at about 70 000km. I'm also not sure what will happen with the disc wear index when you switch to steel brakes. And to be honest I never heard CCMs to be destroyed only after several track days... at least mine haven't and I have driven on Monza several times and you all know what braking you have there.

    As for the mileage - the 458 proved itself as a very reliable car, so I don't see any problem to get a high mileage example (especially if you have found a 10K miles car with faded CCMs :D ). I always preffered high mileage cars anyway, because to pay premium for a low mileage car is a nonsense for me.

    And as for the CF seats - they are a must in my opinion and they are very confortable for long distance. If you put the back of the seat on the correct position, you can travel 500-600km without any problems. Also the fact, that they are manual is very important, because you can get the seat easily and fast to its final backwards position before you get out of the car and that way getting in and out is much more easier and you don't wear the side part of the seat too much.
     
  15. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
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    Southlake, TX
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    Rob Lay
    What can people not read in my post "1-2 years".
     
  16. Caeruleus11

    Caeruleus11 F1 World Champ
    Rossa Subscribed

    Jun 11, 2013
    11,609
    IMHO 458s will likely continue to depreciate but I think they represent a large step over F430s- so there should always be a premium between typical examples of a 458 and F430. I also think the DCT and the whole level of fit and finish in the 458 represents a move in the direction of making the car easier to drive and live with and I think that will actually increase this premium from the 458. My theory is the 458 and F12 generation will maintain a greater premium than the historical norm between generations.

    To the questions:

    I think it would be an OK deal if the car was not tracked this much. There are so many pre-owned 458s... I would look at those cars.. Tracking shouldn't be an issue but it does put a lot more strain on parts.. not just brakes, also suspension parts..


    I find them to be very comfortable.

    I wouldn't bother as it would be expensive.. and instead find a car with seats I like. But I have to say my experience is the race seats are not only more befitting a sports car but also more comfortable.

    No- with this car you should have the rotors and pads replaced with new factory parts, if they can do that and keep the 175k price then thats a pretty solid deal.
     
  17. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    This.

    The 458 is the slowest depreciating car and for the reasons Rob mentioned (last NA, etc), it will plateau at a higher price point than previous models and perhaps even pick some value up faster than some previous F cars. Nevertheless, I believe the 458 is still depreciating, and not bottomed out yet. Great deals on 458 nowadays though, roughly -50% than MRSP.

    Kind regards,

    Nuno.
     

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