F8 Tributo: depreciation/stabilization/value appreciation?

nice of you to double down and point out the guy was incorrect

 

I also passed on the 296 S and it was a good thing I did. It’s a gorgeous car but when I sat in one I didn’t fit at all. It’s definitely a much smaller cabin than my F8 S. I’m holding onto mine as well even with the deplorable exhaust sound. As far as the value aspect these cars are depreciating assets but , I think the F8 will hold up fairly well over time as it is the last of its breed without the plug in part.

 

can you qualify that "certainly better than the 488" statement"? Im not sure that I agree with that longer term and the market isn't as clear on this as it was a year or 2 ago.

While the 488 was seen sandwiched in to the line to manage the gap between the 458 and F8, it is really an F8 that looks closer to the 458, with enough design update to fix what are the aging design cues with the 458. Also, it doesn't have the OPF issue that the F8 has so a cat-back exhaust is added, it sounds amazing.
I've seen the F8s continue to depreciate over the last year, and the 488 (more Spider) stabilize its pricing. Essentially the gap is closing because of the F8. Of course, I have a 488 Spider so there is bias, but other than esthetics and minor tech updates, the cars are very close except for price, and the gap is closing - just look at a clean 2019 488 vs a 2020 F8.

 

You really have a boatload of bias to attribute 50 hp, 15% more downforce, and more aggressive gear ratios as a "minor tech update"

Yes, the gap is closing....as expected, (how depreciation curves work after all) but other than sound the F8 is the better car (I own neither).

 

the 488 was the first major devolved compliance car, turbos, and definitely was not sandwiched at all, the F8 was created out of thin air because the 488 Pista would not comply with EU regulations, GPF and sound and Ferrari was out of options to extend until the 296 was ready, the hybrid was way behind schedule, it is the F8 that should of never existed, not the 488 (look at the name, 458, 488, it should of been a 4.8L V8 not a 3.9L twin turbo...but EU regulations...)

 

I loved my 2019 488GTB and same for my F8. The F8 is not at 488 pricing...and the 2 cars do drive on the street differently. The F8 is much faster with shorter gear ratio's and more HP thus feels totally different. The F8 is very compliant on the street but does not lean in corners as much as the 488, not that the 488 is bad it's just the F8 is different.

Personally I love the F8 aero and looks as it's close to my personal fav the Pista. I like the looks of the more angular and muscular 488 much better than the 458. I do not hate any of them. Buy and enjoy what you can afford is what it boils down to. I wish people on here would stop this crap of ....this Ferrari is better than the other Ferrari...because each persons personal preference is different.

Taking personal drive preferences out, Ferrari is not making newer cars that drive worse and are slower. Ferrari is evolving best it can with new regulations and advancing tech and faster cars with each model.

 

Your specs in the real world don't translate to the car more than mouse nuts. It's the same motor and a tune without compromising mechanical will get more than that 50hp you are reading in a book; 15% downforce (in the same way John Oliver would say it)....cool.

Love both cars but the F8 isn't somehow more insulated from depreciation than the 488 . My opening line was challenging that somehow the F8 was "certainly better" in the depreciation curve than the 488. The numbers don't support that.

 

good point, I should have qualified why I said that. I was pointing more to the perception in the market than the reality of the car. It was a material leap forward - literally the best turbo I have driven and how the virtually eliminated lag...remarkable.

 

this I can get behind - very great observations and feedback from real world driving! If I could do it guilt free, it would be Pista hands down. That to me was the pinnacle.

 

You are 100% correct on your comparisons of the 488 and the F8. I also had a 2018 488GTB and bought a 2022 F8. The cars are different no question.

 

LOL....several boatloads of bias

Both will depreciate, as the 488 is older it is farther down the curve it will now depreciate at a slower rate than the F8, and the gap will close some. But being a better, newer car with MUCH better real world performance, the F8 will always hold more value.

 

While there is no doubt the F8 is faster, it's debatable whether it provides "much" better performance (specially in the constrained real world).
And compared to the 296, both 488 and F8 are completely outpaced (there is a lot more difference of performance between F8 and 296 than between 488 and F8, the 296 is on another planet) - so on the long term, the perceived difference between 488 and F8 may not be much relevant.
In the end the value difference between a 2019 F8 and a 2018 488 may not be more than between a 2016 488 and a 2017 488 (even though the F8 is an improved 488 with more power... and a smaller steering wheel, which was a nice change).

 

So by this logic one would think you could lump the Pista in with the 488 and F8 as well. None of the above comments hold weight unless that is the case. You can’t say the F8 is marginally better than the 488 unless you’re prepared to say the Pista is marginally better as well.

 

When you all talk about performance... drag race, street or road course race track? LOL

What does "performance" mean to you?

 

... as someone who passed on both Pista and F8, I am actually prepared to say the Pista is marginally better than the 488 GTB. The most significant difference is exclusivity, which does not matter to me (I understand that some value it, though).

 

Yep, and in fact the gap between the F8 and Pista would be much smaller than between 488 and F8.

 

It's not the same motor - do your research. Much of the basics are the same, yes - but if it's "just a tune" please explain to me why the Pista/F8 3.9L engine is 40 pounds lighter than the 488's 3.9L.

 

Oh man, you're right - To keep it real, I'll own being somewhat loose with details (especially with the company on this forum!). What I was trying to say is you could draw the same HP from a 488 with a pretty mild tune. Was their improvements? Absolutely, but that wasn't my point.

My point was around the notion that the 488 and the F8 are subject to the same rules of depreciation.

 

no that’s simply just not accurate. One is the last of the non hybrid V8 mid engine Ferraris. one of the most cherished automobile lineages of all time. The other isn’t. Theoretically it could drop down to where the 488 is but there’s a good chance it doesnt. They’ve been fairly stable for a minute and the 296/SF sales are not helping it depreciate any faster.

 

right back at ya on the bias LOL.

So the price gap between a 2018 and 2019 488 is the same price gap as between a 2019 488 and 2020 F8. It might hold more value from being newer but not really easy to tell if it's because it's better. The numbers don't support it.

 

The F8 gives you something for FREE That is the Gas Particle Filter

Given the engine is the same as the Pista sure it has more power than a 488GTB . But I would pick the Pista over the F8 any day just for the fact it has no GPF.

However, I cannot justify the 2.5 times the value of my 488GTB to change , especially as I specked the 488 GTB myself.

 

https://www.autoracing1.com/pl/149770/ferrari-3-9-liter-v8-voted-best-engine-in-last-20-years/

 

As a non-owner I have no bias....I could in the future buy either, the F8 is the better car but would I choose to pay the premium? Who knows...the only car in this sub-forum I would not consider is a 458. Most likely outcome is I buy neither and go for a 720S at sub-$250k.

 

I had a 2020 720s Spider before the 488....incredible car really. Part of me misses it because it was so good at everything. Built quality made me too uncomfortable to keep it and here I am with the Ferrari. The 720 was pre-owned and was tuned, cat back exhaust etc, so McLaren wasn't thrilled to support me if I had an issue.

Plus and minus in the end for all of these cars really. For me the 488 was really about bang for buck and overall experience. It's good at everything but lacks comparatively in braking and steering inputs. The McLaren is REALLY good at everything but depreciation is super painful and finding a well sorted one is difficult.
The F8 is superior to both but for me, not enough to pay the premium it demands for the moment. If it continues the depreciation pattern, that may change. Need to see what happens to pricing as some of them drop out of warranty.

 

A brake upgrade is useful on the 488 - I have ST discs and Pagid pads (as well as steel brake lines) and it's a welcome change.