296 Values and Used Market | Page 75 | FerrariChat

296 Values and Used Market

Discussion in '296' started by Mrwatchdawg, Aug 31, 2023.

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  1. JesseRohr

    JesseRohr Formula Junior
    Rossa Subscribed

    Dec 27, 2020
    256
    Austin Texas
    Full Name:
    Jesse Rohr
    Sales tax credit is a component to consider for many as well depending on where you live. If you sell a vehicle outright you virtually light your tax dollars on fire and have to pay the full sales price on the next one. If you trade for another unit, you pay the delta between to the two prices in tax here in AL.
     
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  2. TrapperDog

    TrapperDog Rookie
    Silver Subscribed

    Dec 26, 2023
    24
    Orange, CA
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    Rob
    That’s how tax works on trade-ins in Colorado. Then we moved to California. Here, when you trade-in, you pay tax on the full purchase price. Ouch!
     
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  3. bmcginn

    bmcginn Karting

    Dec 11, 2005
    135
    I’m certain you know this, but asking prices mean nothing. The only thing that matters is closing price and I would submit that since nothing is moving, $100k below MSRP is a good starting point.
     
  4. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,955
    Southlake, TX
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    Rob Lay
    you are missing the point, if a dealer who knows the market better than anyone is at $100k off MSRP wholesale, then retail is higher that that. it might not be next month, but it was when they made that offer.
     
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  5. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,145
    East
    Hybrids and haptics are hardy the future. It will hopefully get a lot better from here.
     
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  6. bmcginn

    bmcginn Karting

    Dec 11, 2005
    135
    You’re correct, retail is higher than that, assuming he wants to wait and is willing to take the risk the market doesn’t continue to fall.
     
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  7. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,955
    Southlake, TX
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    Rob Lay
    also the other point made tax on trade, in Texas I think about 8%, so would be $32k difference.
     
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  8. bmcginn

    bmcginn Karting

    Dec 11, 2005
    135
     
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  9. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
    97
    Full Name:
    Mondo Asiri
  10. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    Mondo Asiri
    what happens if you don’t take your taylor made 296
     
  11. dustman

    dustman F1 World Champ
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    Jun 12, 2007
    11,404
    They make you buy a 12C
     
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  12. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    i would love a 12 c i am old
     
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  13. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    Mondo Asiri
    i like 812 gts more
     
  14. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    Mondo Asiri
    i am old and heavy just like a v12
     
  15. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    Mondo Asiri
    you could total your 296 you would get full value assuming you survive the impact
     
  16. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    it’s better than a trade they you have a great story to tell your wife when she asks about the car
     
  17. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    Halo cars (e.g. La Ferrari and 80 )have always set the direction and drawn from racing , just as Enzo did .

    Ferrari have won the last two Le Mans with hybrids . Whilst I understand your longing for the ‘good ole days’ in a technology driven business , like automobiles, hybrids seem to be the path to the future. You can always keep a 488 to have the last of the mid engine pure ICE cars.

    As far as controls are concerned they are already making changes to the haptics after customer feedback.
     
  18. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    296 epic on a track not so much for the street. a lemans race car would also be a lousy road car.

    458, 812, f8 all fun on the road hybrids feel artificial unless you push them on a track where your at there limits
     
  19. Mondo3025

    Mondo3025 Karting
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    Jul 10, 2024
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    f1 also is not like the good old days lets get serious. the exhaust sound is killed so you can get transitioned to a ev
     
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  20. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    Respectfully let’s agree to disagree
     
  21. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    I have been to two races in the last year and yes there is not the thumping vibration you used to get . The cars however still sound amazing and you no longer need ear plugs in the stands , in the pits it is advisable
     
  22. Jo Sta7

    Jo Sta7 F1 Veteran
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    Oct 13, 2015
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    Flipper specs. That’s what’s killing the market. It will pass.
     
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  23. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,145
    East
    Has nothing to do with good ole days, hybrid technology is a stop gap. There will be more advanced tech coming forward, hybrid is not the future.
     
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  24. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    What does your crystal ball tell you it may be ?
     
  25. Gh21631

    Gh21631 F1 Veteran
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    Feb 24, 2011
    9,145
    East
    No crystal ball but I do believe alternative fuels will become prevalent and electric cars will be more efficient and lighter through the use of capacitors vs batteries.

    Personally, I don't mind the hybrid approach if the weight was reduced. You get efficiency and sound.
     
    dustman likes this.

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