296 Values and Used Market | Page 134 | FerrariChat

296 Values and Used Market

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

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  1. Ignite

    Ignite Karting

    Mar 5, 2023
    60
    Full Name:
    Steven Thomas
    Exactly - 400 ish will take it...maybe 409 at most.
     
  2. Ignite

    Ignite Karting

    Mar 5, 2023
    60
    Full Name:
    Steven Thomas
    On the Hagarty web site is shows below at a previous auction a month ago (no way it went to 490K!):
    $490,000
    High bid June 6, 2025
     
  3. x z8

    x z8 Formula 3

    Nov 22, 2009
    1,200
    Florida
    Full Name:
    Jeffrey
    I’ll take the over with buyer fees. $450 +/- all in is my guess.
     
    rg88 likes this.
  4. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,145
    East
    You never know, its a cool spec and someone may really want it.
     
  5. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,082
    Full Name:
    Todd
    MY2025 at 100K (possibly more) off
    Ouch
    Did someone walk away from a deposit, stranding a dealer with an untitled financial albatross?
     
  6. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
    5,908
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    I wouldn’t worry that much honestly.
     
  7. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    730
    Not in US
    The F8 has 812 tail lights , vents and other bits and pieces with a pista engine , to me it is a bag of parts
     
    x z8 likes this.
  8. willcrook

    willcrook F1 Rookie
    Silver Subscribed

    Feb 3, 2009
    2,691
    UK
    my guess is it goes for 370-380
     
  9. Jlee504

    Jlee504 Karting

    Apr 8, 2017
    128
    I'm thinking about adding a 296 to my roma, do you find any overlap? I'm worried they are too similar and I don't have enough use cases for both
     
  10. Jlee504

    Jlee504 Karting

    Apr 8, 2017
    128
    its funny I'm pondering trading in a GT3T for a 296 given the opposite movements in appreciation/depreciation, the two are now pretty damn close. anyone else do this?

    Also, for road trips, do you just keep the 296 in qualifying mode to keep the battery charged? That seemed to be Catchpoles main issue which was battery management more than the haptics.
     
    x z8 likes this.
  11. andycav

    andycav Karting

    Mar 27, 2015
    106
    New York

    In hybrid mode you can select the "vehicle" option in the main menu. Toggle down one and then click on "charge." I find the charging to be incredibly fast… Faster than qualifying mode.
     
  12. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,082
    Full Name:
    Todd
    What is a typical deposit?
     
  13. Dseig001

    Dseig001 Formula Junior
    Rossa Subscribed

    Jun 21, 2017
    405
    10k - just got bumped to 30k
     
  14. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,082
    Full Name:
    Todd
    so choosing between a 30K loss of deposit versus 100K loss in value upon delivery, the person chose to walk? Is that how an untitled MY25 296 ends up at auction?
     
  15. Dseig001

    Dseig001 Formula Junior
    Rossa Subscribed

    Jun 21, 2017
    405
    Well, yeah - especially if it’s only 10k. The 30k just hit recently

    Plus the rates kinda suck at the moment meaning that Ferrari Financial is asking for bigger down payments.
     
    willcrook likes this.
  16. Dbops618

    Dbops618 Formula Junior

    Feb 27, 2017
    362
    florida
    Full Name:
    D. Hernandez
    i am making an offer tomorrow. keep you guys posted
     
  17. rxbg

    rxbg Formula Junior

    Apr 11, 2010
    404
    USA
    is there a reserve on it?
     
  18. x z8

    x z8 Formula 3

    Nov 22, 2009
    1,200
    Florida
    Full Name:
    Jeffrey
    Probably.
     
  19. scott40

    scott40 Formula Junior
    Silver Subscribed

    Apr 4, 2006
    953
    Ohio
    Full Name:
    Scott
    Didn’t meet reserve. Anyone see what it got to?
     
  20. 599F1

    599F1 Karting
    Rossa Subscribed

    Jun 5, 2023
    240
    Full Name:
    599F1
    Not showing yet, maybe in a bit. The buy now price is $550k.
     
  21. dustman

    dustman F1 World Champ
    Rossa Subscribed

    Jun 12, 2007
    11,409
    Wishful.
     
  22. rg88

    rg88 Formula Junior

    Feb 10, 2024
    572
    USA
    Full Name:
    rg
    Do any of you guys worry how the first 300 miles were driven? This car has those miles and who knows if the break in guidelines were followed specially if the owner never intended to keep the car.
     
  23. 599F1

    599F1 Karting
    Rossa Subscribed

    Jun 5, 2023
    240
    Full Name:
    599F1
    I wouldn't worry about it. If the owner didn't intend to keep it why take a chance to potentially cause an issue and tank the value?
     
    x z8 likes this.
  24. FTifoso

    FTifoso Rookie

    Nov 2, 2021
    13
    Florida, USA
    Full Name:
    LUIS ROMERO
    This 2025 Ferrari 296 GTS, finished in the stunning Blu Carolina with a contrasting Tetto Nero DS roof, just wrapped up an auction at Sotheby’s. About an hour before the auction closed, bidding was approaching $400,000—at which point I lost interest. Ultimately, the car didn’t sell.

    This particular build includes an impressive $143,453 in options, bringing the total MSRP to $516,588. That means the highest bid represented roughly an 18% discount from MSRP. Interestingly, the listing now shows an asking price of $550,000—an unrealistic expectation given the market response. Sooner or later, the seller will have to align with market realities.

    The market for the 296 GTB/GTS is sending Ferrari two clear messages:

    1. The pricing is too high. The market is adjusting the value of these models to more realistic levels.
    2. PHEV hesitation. Buyers are not fully embracing Ferrari’s plug-in hybrid offerings—at least not with the current limitations and concerns surrounding them.
    There is definitely a market for the 296, but not at MSRP or the inflated resale prices dealers are asking. According to Classic.com, the average market price for the 296 GTS is $352,643, with a range between $322,442 and $399,000.

    While asking prices for the GTS often exceed MSRP, actual sales have occurred at discounts ranging from 7.8% to 21.9%. For the 296 GTB, a sample of 15 auction sales during the last year shows an average discount of 16.2% below MSRP. Several YouTube videos also delve into the pricing dynamics of this model.

    That said, the 296 is the best Ferrari I’ve driven on track. Its design is striking, it sounds like a V12, the handling is razor-sharp, and the power is more than ample. I’ve pushed it to the limit, and its response has been nothing short of phenomenal. It’s a true supercar that feels just as comfortable on the road as it does on the circuit.
     
    Senna1994, scott40 and x z8 like this.
  25. Twosherpaz

    Twosherpaz Formula Junior

    Feb 25, 2014
    943
    Thermal, CA
    Full Name:
    Private
    What are the break-in guidelines? It’s not a Porsche requiring 2,000 miles of break-in. Not a Corvette limiting performance the first 500. Or a BMW only uncorked by the dealer service after 1,500 miles.

    McLarens go straight to the track. My F8 was immediately tracked by the factory driver to make sure everything worked.
     
    ACW44, Boomhauer, Senna1994 and 5 others like this.

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