Ferrari F80 value thread

Not sure I agree with this. Lots of people don’t want to lease a Ferrari. Personally, I don’t want to take the finance cost nor the terms and conditions that would go along with it. As for Ferrari, things go wrong with a lease and the risk for the company would become huge.

 

This might be nitpicking on my point part, but if we’re talking about contemporaneous values this isn’t necessarily true. The 288 never really took off, and if I’m not mistaken it’s still cheaper than the more common F50 and only marginally more expensive than the 4x as common F40.

The F50 itself traded for around its initial sales price for 10-15 or so years after it was introduced before steadily creeping up and finally blowing more recently.

The best parallel, though, is the F40. Ferrari initially promised low numbers and exclusivity, but as we know they went on to make 1,300, and tons of people lost money on them after buying as or from speculators.

I think with the F80, Ferrari is trying to eliminate the secondary market, and probably devaluing their own car at the same time. I think that, coupled with the muted (at best) overall response, spells a bearish long term outlook for F80 values.

 

Enrico Galliera in a 2016 interview opened the veil on the "secret" way in which Ferrari selects potential customers who buy limited series and, also, how it deals with customers who are discounted for not having been selected.

“What we do when we decide to launch a limited series car, for every limited series car we identify some rules in order to select the customer based on their history with the company – not only their purchases but how much they come to our events, how close they are to our events.”
“Once we identify the rules these are approved by our board of management including the chairman. So the list of people who become eligible for the car comes from selection criteria that are developed from within the company.”
“Whenever we have to explain why you never got the car but [somebody else] did, we have elements to point to, which are quite easy to manage. Of course you will always have someone who is wanting to have the car but is unhappy, but at least we can prove the allocation order.”

The way in which Ferrari allocates limited series cars like the F80 seems to be very selective and discretionary, so those who buy them to flip I imagine will be immediately blacklisted and will never be selected again in the future.

Regarding the two advertisements below for F80's for sale that were posted on Mobile.de and Autoscout.24, the former was quickly removed after a few days but the latter is still online.



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There would still have to be interesting cars to buy in the future, which is not the case at all...
With the exception of 12Competizione and the last two Icona, you can forget this brand which was unique in the history of the automobile

 

The “lease” is just a mechanism to retain an encumbrance which helps with the flipping. It could be $1 a month etc. Alternatively it could be a finance deal structured similarly. My point is there are tools at Ferrari’ disposal to stop or throttle flipping if it were an actual concern of theirs.

 

I agree, Ferrari cars seem to be less and less interesting both in terms of design and power-train. Apart from the ones you mentioned, the 12 Competizionne and the latest Iconas, almost everything else is now V8 and V6, turbo and hybrid, with uninteresting and even boring sounds and designs which are much less appealing than they use to be before. To make matters even worse, the latest V12 NA which is a great unique engine, was wrongly fitted into a controversial body whose design is an amalgamation of retro and futuristic styles.

 

The best tool is the pre-purchase agreement, which they do use. I’ve had to sign a number of them, as have others here I’m sure. No idea how enforceable it is but I suspect it does have some teeth if they can prove you sold outside of the network. It could be a moot point for a while because there doesn’t seem to be many flip opportunities except for maybe the very rarest cars. Our XX Spider is just arriving. In theory that should be a decent car financially but probably it won’t undo the pain from the SF90 AF and SF90 Spider we have. I didn’t order it for that reason but times have definitely changed. The cost of being a Ferrari owner is now very much a cost again so I doubt we’ll see many flippers.

 

When a first time buyer purchased a 458, there were countless people on this forum who thought that car to be uninteresting … it was an automatic! It didn’t sound like the 360 … a Ferrari for the rich who were only interested in owning the badge … my point being that interests evolve, they always have! Those of us of a certain age may long for our recollection of the visceral (by our account) cars of the past, but there are plenty of younger buyers as well as those yet to come, for whom sound and the cylinder count simply don’t matter. Older friends of mine dismissed even the 458 as being too computerized … WTF are those dumb flappy paddles … where’s the clutch? We don’t have to like the current evolution but to say these new cars are uninteresting … perhaps to us … perhaps not for the next wave of enthusiasts.

 

yup.
i wanted a 12c.
then i looked at the final cost of one with a reasonable spec, plus the delivery and tax costs, and it went over $700k.
that is just ridiculous imo.

 

According to Ferrari, currently more than a third of its customers are under the age of forty, which means they come from a generation other than mine in which we could distinguish car brands and models just from the sound of the engine. This makes all the difference.

Currently we have Ferraris that are much more powerful and faster than before, much more user-friendly, but IMO they are all increasingly lacking in good design. Except for one model, they all have those turbo engines whose sound so vulgar is not even a reminiscence of what a Ferrari used to sound.
I just realized what a Ferrari is today during a Ferrari track day in 2021 when I followed an SF 90 with my F12 for many laps. In the curves of that circuit the SF90 seemed like it was a fast locomotive moving on rails while I was fighting to keep the F12 in control. Invariably, when that SF90 reached the beginning of the finish straight, it disappeared like an inaudible bullet . At the end, when the SF 90 driver took off the helmet, to my great shock, it was a very elderly lady. Moral of the story, there has been always a risk associated to driving a rear-wheel drive Ferrari fast on a circuit and not everyone is able to do it. The SF 90 represents what a modern Ferrari is and that experience made me realize that this is a car that anyone is able to drive very fast and risking very little..

 

On my F Challenge team, we had a 60+ year old woman who was mopping the floor of 1/3rd to 1/2 of the race participants in a 488 Challenge Evo. Last year, she was the champion of Coppa Shell Am. So, I would be careful in your characterization of ability.

I was on Laguna Seca with a well known couple that endurance race. All of their cars are yellow including the hypercars. They are both great on the track in terms of performance and sportsmanship. They are not young. His wife did 173 laps of Laguna the day turning 1:30s, faster than the majority of everyone on the track. Yes, 173 laps. Never seen anyone do 173 laps of Laguna in 1 day with that level of performance. Basically, pit stop for gas and lunch. Her husband 'only' did 130 laps. After 60 laps I was toast for 2 days. lol.

 

I am not belittling the driving ability of this lady who is someone who owns several Ferraris. However, this was the first time that she drove the SF 90 on a circuit and among the participants there were several Pistas driven by very experienced people with many years of competition. The fact is that they could hardly keep up with the SF90 which was driven by someone who I would characterized as a normal driver.

 

Did this elderly lady look like this?

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Fair point and thanks for the additional info. Ok, yes I hear you now.

 

Michele Mouton needs no introduction. In 1982 I followed her alive for several days in most of the stages of the rally of Portugal and at end saw her celebrate the victory .
A superb driver behind the wheel of an Audi Quattro which at the time was the fastest thing that existed in the world of rallies.

 

The other lady of the SF 90 didn't look or drive like Michele Mouton.

 

To be honest I wouldn't have recognized her since I only saw older photos until I googled a recent one. In my mind she still looks like this.

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Though she still wears the overalls sometimes.

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In the 80s when she was young I saw her up close several times and she was a beautiful woman in a world where almost everyone were men.

 

that's why it must be frustrating for those who wanted to cash out on the f80 and leave the brand (who weren't potential Icona owners), not that much on the table for them.

 

Hi Mario, Now imagine someone driving a 275 GTB/4 trying to keep pace with you in your F12 which features plenty of electronic helpers... its very much like @CT Audi Fan stated so well above- there are different generations. Those with our preferences may not really love what they are doing now. But another generation might love it.

 

How? What is MSRP? $450k?

 

I was thinking exactly the same thing. You can’t tell driving ability by any of age, height, gender, appearance, weight or the car they arrive in.

 

Surely the F80 won't be a better investment than spending the equivalent on cars from the Ecclestone collection that are coming up for sale. Nor more fun.

 

A true legend unfairly ignored by the so-called "feminists"