296 Values and Used Market

maybe. Have a lot of alcantara in other cars.

 

I respectfully disagree , alcantara even with care does not present well even after little use , leather just keeps on keeping on

 

I have found that alcantara wears well overall. I had them in a DD for a few years and they showed little wear. I’ll have to see if I like the look of the alcantara center.

 

Colours make cars… it’s the first thing you see so fundamental… I would skimp on carbon and seats to get my colour of choice… but even with mine I found a compromise by skimping on (a little) interior carbon

 

I am certainly biased, but the Triple-Strato paint is awesome IMO. Image Unavailable, Please Login

 

I’m partial to Titanio myself
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Of course! Well done.

 

This car looks great in most colors, the interior just needs to properly compliment whatever the paint is. Personally, I'd spec all the carbon options as well but that's just me.

 

I agree which is why I switched the inserts from Leather to alcantara. I did not like how the leather wore even after a few years of a light use where you sit. Alcantara still looked brand new after years of use. I think the type / quality of alcantara matters maybe?

 

I have seen alcantara on a pista show seat belt wear at low mileage , leather simply does not do that

 

The SF90 is falling so hard, I prefer to get an SF90

 

296 is incredible,small, agile and fast. Less brutal. But there is a false economy evolving with values….

 

Agreed but the new Lambo Huracan replacement might be a better option

 

Rates are falling...watch what happens to the number of Ferraris for sale. If the Fed lowers by a full point as expected, bonkers.

 

Well, since we're talking macro economic issues, today's US stock market certainly won't do anything for 296 values, or really any exotic car's values.


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It will not change the purchase pattern or decision of those that can truly afford an exotic. It may change the decision and pattern for those that buy something they truly cannot afford and talk themselves into it because of a tax break they may get .

 

That's why interest costs don't matter unless a significant drop. That big drop let's the people scraping up get in the game. Whether a car loan or a HELOC or leasing, etc.

 

And those people are always looking for a bargain , not a good spec or buying new

 

I think it really depends on what you mean by "truly afford".

Most people, including those that can "truly afford" an exotic, are financing their purchases and care more about monthly payments, than actual total purchase price.

Few people, though they are out there, actually buy these things in full, in cash.

No matter one's personal wealth, or income (or lack thereof), people are either financing it, or leveraging their other assets to financing the acquisition of these cars.

So when other asset classes take a nose dive, it will invariably and inevitably affect exotic car prices, resale and otherwise.

All of that only applies to those who buy these cars either (1) worried incessantly about resale and value preservation or (2) to buy and flip or (3) both.

If a person bought it simply to drive and enjoy, like you would a bag of potato chips, all of that is irrelevant. But those people are truly blessed, but few and far between us.

 

Maybe in the US however in other markets the financing is not in the equation for purchasers

 

In which market is financing not an option?

I am not talking about financing with FFS, but independent of the dealership or Ferrari S.p.A.

I mean, for example, if I have 5M USD in BTC, I can borrow against that to buy myself a shiny new 296, with monthly payments of $X.

Is there really a place in the world where that is not possible nowadays?

 

Asia

 

There is no real advantage to it

 

That's a big difference from traditional financing

 

Well…

I can truly afford every toy I have. I have never financed one. In fact I have only financed one vehicle in our early married life. I also own our home. Construction loan paid off when completed.

But I have never ever financed a toy. Financial wizards tell me it is better to take a loan in your house and make more in the markets. Works fine until it doesn’t. I’ll never be upside down in a toy - car or otherwise. Perhaps I’m unique but the only credit facility I have or will utilize is on a business that makes money in order to expand. It sucks to owe money.




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