296 Values and Used Market | Page 108 | FerrariChat

296 Values and Used Market

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

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  1. rg88

    rg88 Formula Junior

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    Will be delivered next Saturday. It’s getting front ppf on Monday. Looking very forward to it.
     

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  2. Lagunae92

    Lagunae92 F1 Rookie Silver Subscribed

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    Mine shipped yesterday. Will be a long 3 month wait.
     
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  3. ipsedixit

    ipsedixit Formula 3

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    Congrats man.

    Excited for you.
     
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  4. of2worlds

    of2worlds F1 World Champ Silver Subscribed

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    Is this another 'Rosso' paint color or something different for this one?
     
  5. Lagunae92

    Lagunae92 F1 Rookie Silver Subscribed

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    lol. Blu Corsa.
     
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  6. of2worlds

    of2worlds F1 World Champ Silver Subscribed

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    Blu Corsa was a launch color for the 296 GTS. GREAT choice in that paint color! :cool:
     
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  7. Lagunae92

    Lagunae92 F1 Rookie Silver Subscribed

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    Yes! For the price…worth it for sure
     
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  8. dustman

    dustman F1 World Champ Rossa Subscribed

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    For the 488 also I believe.
     
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  9. ferrari_and_porsche_fan

    ferrari_and_porsche_fan Karting

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    2 questions if you will -

    Which feels more nimble, 296 or Speciale?

    Does the Speciale steering have any more feel than the 296 (chassis/tire/road feedback coming through)?

    Thanks
     
  10. Jo Sta7

    Jo Sta7 F1 Veteran Rossa Subscribed

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    To me, 296 feels more nimble. Especially at lower speeds and this nimble feeling translates to a bit of perceived instability at 130+.

    Speciale is more raw and transmits more feeling.
     
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  11. roma1280

    roma1280 F1 Rookie Rossa Subscribed

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    Has anyone done an analysis recently of how many 296s are on the market and how that has changed?
     
  12. Jo Sta7

    Jo Sta7 F1 Veteran Rossa Subscribed

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    Ban this man lol
     
  13. ferrariguyf12

    ferrariguyf12 Karting

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    Pretty much agree with the other comment. Going to have to say the 296 has more of that "quick twitch" feel. Speciale makes you feel more connected to the road, stripped out interior contributes to that a lot.
     
  14. gzachary

    gzachary Formula Junior Rossa Subscribed Silver Subscribed

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    just look at preowned.ferrari.com
     
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  15. Chill47

    Chill47 Karting

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    Prices are dropping around ~3-4% per quarter (USA market). Number of cars on the market has stabilized and is down slightly (unclear how much shadow inventory is unlisted but "available for sale"). 2024 cars seem to be coming to market with more realistic pricing.

    In the UK, 296GTB prices have converged on F8 prices. It's plausible something similar will happen in the USA over time. (USA F8 prices are also down over the last quarter though).

    GTS
    Prices are dropping faster (~6%) and inventory has increased significantly. Price action was lagging the GTB market but seems to be moving faster now that there is more inventory.
     
  16. dustman

    dustman F1 World Champ Rossa Subscribed

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    Iirc looking last week I saw F8 prices parity and above 296 GTB
     
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  17. popsmuf

    popsmuf Karting

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    did everything just go up 35%?

    New EU reciprocal takes the tariff to 10% + 25% just announced = 35% bump. Effective 4/2
     
  18. dustman

    dustman F1 World Champ Rossa Subscribed

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    Stupid is as stupid does, someone said once.
     
  19. 3POINT8

    3POINT8 F1 Veteran Rossa Subscribed Silver Subscribed

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    i know i'm freaking out
     
  20. roma1280

    roma1280 F1 Rookie Rossa Subscribed

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    Has anyone read the small print of the tariffs?

    If your car is on a boat arriving in April are your “taxes” now 25% more?

    What does this do to all the overhang of 296s? I suppose if people back out of new orders and decide to buy used out of the inventory, that could support or maybe even increase current prices.

    Can’t imagine a medium spec 296gts selling for $650k - $700k new with all taxes.
     
  21. Caeruleus11

    Caeruleus11 F1 World Champ Rossa Subscribed

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    I have not read the fine print, nor have I stayed in a Holiday Inn Express (or otherwise)

    But- if these things are going to go into effect as stated, then Id expect them to be enforced on products arriving at the port from day 1.
     
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  22. rg88

    rg88 Formula Junior

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    The Tariff will presumably be assessed on the manufacturer who will then have to either pay it or make arrangements to have their property either returned or housed at a facility until they decide what to do. All of this will cost even more money on top of the tariff. Cluster Fook incoming!
     
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  23. Jo Sta7

    Jo Sta7 F1 Veteran Rossa Subscribed

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    Has to have a positive impact on used inventory. I can’t see how it doesn’t. It’s going to bloat the price of buying new beyond all reason.
     
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  24. rg88

    rg88 Formula Junior

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    I suspect some of the same car flipping players may emerge once again to soak up current tariff proof inventory for future profit making.
     
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  25. Jo Sta7

    Jo Sta7 F1 Veteran Rossa Subscribed

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    Its going to be chaotic
     
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