With $7,100 price increase, my hopeful 2026 ZR1 will be $250k. Doubt 296 could drop that low.
In the US we have two cars listed for asking price around $298k. It's an interesting market for the hybrids.
In Germany there is one 296 AF at an official dealer for 250K euros It has 38,500 km though; a more common price (non AF) with less than 10,000 miles is about 260K/270K euros. The less expensive F8 on mobile.de are at 259K euros (with about 5,000 miles); so on average, prices are currently very similar between 296 and F8.
I'm seeing a 2023 296 GTB basically with delivery miles, Rosso Corsa and well-specced for $350. So tempted to trade in my '18 488 Spider for this, but not sure. If it continues to sink at a 15% YoY rate it'll be a sub $300K car in two years. I don't know, but love the power and the new tech on 296. Should I do it?
Yes. Absolutely. The car is incredible. The car is wildly entertaining. The car puts down its power like no other. Run to do it!
Agree 100%. Best overall Ferrari I have owned and I have had a handful of v8 and 12c. The car crushes.
Absolutely. I traded my F8 for a 296gtb and the 296 is better in every way. It will take a couple of days to get used to the electronics, but take the time to do it. Once you do, the only not amazing part of the car (initially) will no longer be a thought... and Upgraded tech is nice to have. Get a warranty and the worries around the battery can be alleviated. The car is incredible. im thoroughly enjoying mine
I cannot get my head around this . Let’s face it the F8 is a Pista engine, a sort of s scoop front , 812 tail lights and vents etc inside . In many ways it is a hybrid of a few Ferrari’s
Being a hybrid of a few Ferrari is less a penalty for the market than having a hybrid powertrain apparently
from a driving perspective the answer is an easy yes. The answer is more complicated from a value retention stand point; but I cant see these going very much lower. I think as good as the 488s and F8s and 458s are, they are getting older, and newer buyers will want newer cars. The replacement models will likely be priced at least at the same level, if not higher, so these probably don't drop too much from here, but, I also think you have to be comfortable if the value does drop down into the mid 2s. However, I am, at heart, an optimist....
I bet they will be mid 200's to 300K depending on the spec and miles within 2 years. I also don't think the replacements will cost any more, too many people walking away these days at the current levels because of the depreciation. Dealers are getting crushed. Its not sustainable.
I also wonder whether the practical benefits have played a part too, in the UK at least traffic is worse than ever and from the 458 onwards it's basically at the limit of how fast you can drive down a road without being suicidal so this imo makes less incentive to change
a MSRP $370-400 spec 2022 GTB under 300K in 2028? it'll be 6 years old then. and with a reasonable 15k miles.... under 300k you say? maybe. similar to 6 year old 720S.s
There is no simple answer. It will undoubtedly cost less to get into a 296 (IMHO go GTS) if you wait. An existing Ferrari V8 is not a hardship to own. No recent Ferrari V8 has less power than you need in the real world. The 296 is to the 458/488 what the 458 was to the F430. It is in my opinion, just as enjoyable as the 458 and does everything better than the 488 and sounds nearly as nice as the 458 (at least inside). It is horrendously expensive. Throw it all into the hopper. What comes out depends on a lot of other things in your own life. I'm of an age where I had spent enough time in the 458 (9 years, the longest I've ever owned a car) that I was comfortable to change but only into something "better" overall in my personal opinion. I had the money. I can only have one F car. I drove the 296 GTS at Varano and loved it. So I pulled the trigger and bought one new. I will lose lots of money on it but I don't care. I don't intend to change and YOLO. My 2c.
One was $402k. Can't find the other. Both are "higher" mileage around 6k miles. Those are outliers obviously as the average asking price across inventory in the US is approximately $351k. Interesting market to watch. A lot of car for the money.
Would I rather have my 296 and enjoy the miles and memories or wait on the sidelines for the perfect time to buy in and have some extra cash with no miles or memories? Answer is easy. No one likes losing money but these aren't investments. I'm going to get smoked on the car and I'll have made 20x whatever I lose in 3+ years of ownership but just focusing on actual investments.
I agree. Whats better, losing on a car or a stock? I would rather get the enjoyment of the car, boat or whatever. I have unfortunately lost a fair amount in investments that got me nothing more than a tax break.
458 bottomed out in the $160-180k range, 488 bottomed out around $180-200k, if you tell me 296 eventually lands around $200-220k, I won't be that surprised. But I suspect that the curve flattens out below $300k and significant further depreciation will take a few years to materialize.
Question for those of you who purchased a pre-owned 296. Did the 8 year hybrid warranty transfer? In the warranty language it says that 8 year program applies to the initial purchaser, but doesn't say if it transfers with a CPO or pre-owned purchase? If not, I suspect that won't help prices over the long term.
