296 Values and Used Market

I don’t see any GTS selling for that.

 

asking prices on autotrader seem to be above msrp on 296gts not sure what they are hammering for but got to be close right?

 

These "hats" are sold at the Dollar store.
Look inside hat - usually in front rim area - Voila

 

No it’s asked on my experience owning a zero miles 2024 GTS and getting a wholesale bid at 400 for a 510 msrp. Any other questions?

If you want to offer more please DM me.

 

Not that it's really brilliant anyway, but 400 to 510 is closer to 20% off than to 25% off.

 

8% sales tax

 

wholesale quoting is bottom of the barrel negotiating protocol. if a dealer doesn't want your car that is what he'll offer. "wholesale" prices include repo and salvage cars.

 

So hold on, I am saying for regular people that go to a Ferrari dealer, they cannot get a GTS with zero miles for 25% off. That is a farce.

 

The price you get when you sell is rarely the price you get when you buy...

 

I just traded my 2024 GTS in and I received trade in quotes of anywhere from $85k under MSRP to $10k under. With the bulk of offers coming in at $50k under or about 12%. When they listed the car for sale, they were asking $50k over sticker. I also inquired to a few sites like BAT and all were willing to put a max reserve of $35k under MSRP in order to take the auction.

 

Yes I know but GTS zero miles means you will be first owner right? That is what I am saying. 25% off a never registered GTS sounds a bit ridiculous.

 

I have seen anywhere from sticker to $35K over on an unregistered, you'll be the first owner, GTS. I also think spec has become a larger part of the resale equation today. More people are going Atelier/Tailor Made and designing things that are just cooler than the traditional red/tan cars and the resale prices are reflecting it. However, at the end of the day it boils down to the tastes of who is buying and that will ultimately make the market.

 

Crazy. I’d be a buyer at the under price. Market speaks though, so dealers list for over.

 

Given the difference between their purchase price and their listed price, dealers have a high margin of negotiation below what they list - in France we'd call that listed price a "sucker price" (prix pour pigeon).

 

everything always seems more elegant when spoken in French

 

I never said retail, I said wholesale. My car is asking $35k under sticker at the dealer and it’s crickets. And my car has 300 miles which is my definition of “zero” miles.

PS if it sells for that, the dealer is keeping $25k for their troubles so that’s an additional hit and I’m unlikely to use the tax credit so that’s another $30k hit. So even if it sells at the price asking I will be $90k underwater. No big deal, some you win some you lose, but it’s a decent hit on a mid engine Ferrari, first time in over a decade.

 

That's not zero miles. Zero miles is delivery miles, which means most people consider it a 'New car'. 300 Miles is a 'Used car' in most peoples minds. Big difference in what people are willing to pay for a 'New car' vs a 'Used car' regardless of there not beign any practical difference.
In addition if I see a car for sale with 300 miles on it, I'm going to be wondering if there is something wrong with it. If its a undisclosed lemon buy back or the like.

 

I apologize for typing anything you are the expert and you know all the answers. I wish I was you.

 

maybe buy a few cars before you come here and challenge guys who have been buying cars since 2000, ok?

 

Glad you said what needed to be said,
Each market is different each spec is different - 296 aren't a Porsche GT3RS in white.
Trading in BaT Dealer lots o different scenarios but those who root for Ferrari to fail - they are sold out thru 2026.
Owners in it for the long haul and right reasons enjoy their Ferrari's.

 

If it’s one of the best Ferraris ever made (driving experience/performance), why do ppl sell the car after 6/12m holding period with a 20% loss?

 

I don't think roma1280 is a n00b or a flipper....

 

Hah, looks like I touched a nerve.

 

they making space for full electric car

 

Because they can't afford to keep it - then they get upset with dealer / factory etc anyone who will listen to the poor guy who bought a Ferrari and lost money!
Because bragging about ordering one and waiting two years to drive it - was too expensive and didn't appreciate - which has been the story on all cars including Ferrari's for decades.
It's not the touch less . hybrid - car. We all know the 296 is a great drivers car and that's a BIG deal
Standard production models drop - the ones where the mold was not revised - do better, end of era.