296 Values and Used Market | Page 138 | FerrariChat

296 Values and Used Market

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

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  1. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,083
    Full Name:
    Todd
    Untitled MY2025 296 $100,000 off sticker is a car issue
    Okay for your baby momma(s) perhaps, but not much else
    The New Mondial
     
    roma1280 likes this.
  2. Imagine how I feel gassing up my Pista at Costco.
     
    roma1280 likes this.
  3. Lagunae92

    Lagunae92 F1 Rookie
    Silver Subscribed

    Feb 16, 2018
    2,841
    SoCal
    I haven't taken a Ferrari to costco to fill up, but it feels safer there!
     
    jm2 likes this.
  4. docf

    docf Formula 3

    Sep 14, 2008
    1,421
    Florida
    Full Name:
    Gary
    I've done it 2x. Car was a hit with multi people walking over, asking if they could take a picture and hear the car on start up etc.
     
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  5. jm2

    jm2 F1 World Champ
    Lifetime Rossa Owner

    Aug 19, 2002
    19,181
    michigan
    Full Name:
    john
    Costco pit stop.
    Image Unavailable, Please Login Image Unavailable, Please Login
     
  6. rg88

    rg88 Formula Junior

    Feb 10, 2024
    576
    USA
    Full Name:
    rg
    Costco is top tier.
     
    jm2 likes this.
  7. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,083
    Full Name:
    Todd
    And on BAT a 2022 F8 with delivery miles just sold for 30K OVER sticker
    It’s not me. It’s the car.
     
    cavemanmoore likes this.
  8. rg88

    rg88 Formula Junior

    Feb 10, 2024
    576
    USA
    Full Name:
    rg
    Market (and price) is king. Can’t argue with that. At the same time folks like me who love their 296 will cherish every moment of the thrill and maybe pick up a delivery miles example for a song. If paying over MSRP is the smart move I’d be happy making my moves in the 296 and not moving extra cash out of my account.
     
    goblue22 likes this.
  9. therryzsx

    therryzsx Formula 3

    Dec 2, 2011
    1,320
    I wonder how much value will lose this one
     
  10. ryantex

    ryantex Rookie

    Oct 25, 2022
    5
    FL
    It's interesting you say that. I had the opposite experience with the Turbo S and 296 GTS. Despite its raw power, the Turbo S was just so restrained. It was a great daily driver, but the excitement was lacking. I'm guessing the GT3 is a much more exciting car to drive, and so I can understand your experience. For me, the 296 GTS has maybe been the most fun car I've ever driven. Maybe one day, I'll have to add a GT3 6 speed...
     
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  11. dustman

    dustman F1 World Champ
    Rossa Subscribed

    Jun 12, 2007
    11,424
    I had just watched this…well, tried to. Absolute failure on every level. Price, design, sound, soul. Huracan was such a great car and now this total miss.
     
    RevueltoRoadster8888 and x z8 like this.
  12. Dbops618

    Dbops618 Formula Junior

    Feb 27, 2017
    365
    florida
    Full Name:
    D. Hernandez
    a just purschased a gtb. receiving it middle of next week ….i am taking advantage of this amazing opportunity window because it will close soon
     
    cavemanmoore, LVP488, ryantex and 3 others like this.
  13. rg88

    rg88 Formula Junior

    Feb 10, 2024
    576
    USA
    Full Name:
    rg
    Good choice. You could’ve paid over MSRP for a “lesser” car. :p
     
    x z8 likes this.
  14. x z8

    x z8 Formula 3

    Nov 22, 2009
    1,213
    Florida
    Full Name:
    Jeffrey
    It’s definitely you. :)
     
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  15. x z8

    x z8 Formula 3

    Nov 22, 2009
    1,213
    Florida
    Full Name:
    Jeffrey
    Mac only sold 106 F1’s. It was a failure… at first. It’s not unusual for great cars to get recognized later and in some cases much later.

    It requires skill to identify great cars before they are recognized as such. Or you can wait for the market to tell you. An F1 is worth $20M+ today.

    For years very few people wanted Porsche’s 911 GT cars. The past values reflected that. Eventually they were recognized as great cars and the pricing increased dramatically to reflect that.

    I remember back in the day when Dino’s were under $20K. They were considered crap. Now they are over $400K. We’re they **** then now great today? Price changes sentiment but the car is the same.
     
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  16. RevueltoRoadster8888

    Jun 25, 2025
    54
    Italy
    About the price ,the spyder version now with hard top + carbon packages will cost even much more as base
     
  17. DavidJames1

    DavidJames1 Formula 3

    Mar 6, 2010
    1,800
    Bangkok, Thailand
    You’re correct that the F1 didn’t attract buyers but remember that in the early 90’s the global recession meant that even the wealthy were being cautious about buying expensive cars and the F1 was very expensive for the time. Luxury goods and car sales during that period were down over 30%. The original production target was 300 cars if I remember rightly.
     
  18. docf

    docf Formula 3

    Sep 14, 2008
    1,421
    Florida
    Full Name:
    Gary
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  19. docf

    docf Formula 3

    Sep 14, 2008
    1,421
    Florida
    Full Name:
    Gary
    Back in the day my 72 Dino 246 GT cost $14,000 out the door. My 73 Porsche 911 T -(Kelly Green) was $9000. i hated the Porsche initially until my service manager at Reeves (Tampa Fl.) introduced me to Peter Gregg( #59 Red, white & Blue)@ the Paul Revere/Daytona Raceway & set me up for apt @ his Dealership at Jacksonville Porsche. When i returned to pick up the Porsche approx 10 days later, Peter a race car driver showed me what it could do. Fitted with a Bursche exhaust system, suspension set up, worked over mech injection etc it was truly amazing how what I thought was nothing more than a Super Beetle became a real Porsche. ( yes the 73 T was the only model at the time that had the mech. injection system on the 73 models. The Dino was sold in the 80's with very favorable memories.
     
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  20. jm2

    jm2 F1 World Champ
    Lifetime Rossa Owner

    Aug 19, 2002
    19,181
    michigan
    Full Name:
    john
    Thank you!
     
  21. I've said this before and I will say it again here.

    The fact that the 296 is suffering a steep depreciation curve is an indisputable fact. If you're denying that, then you're just choosing to be ignorant.

    But the fact the 296 is depreciating does not, and should not, detract from the fact that it is a splendid car. A car that Ferrari and all of its owners should be very proud of.

    Depreciation is not indicative of the car's engineering prowess, nor vice versa. Get it @todd cloud ? :D
     
    cavemanmoore, tbuff, NGooding and 3 others like this.
  22. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,083
    Full Name:
    Todd
    The depreciation is because it is an awkwardly designed overpriced hybrid V6
    The New Mondial
     
    Nemesis138 likes this.
  23. momo360

    momo360 Rookie

    Thursday
    8
    I don’t people are just scared and resistant to hybrids. I think most people will agree that the 296 looks and sounds and drives better than an F8.
     
    ecf34, RoadRonin, ryantex and 5 others like this.
  24. dustman

    dustman F1 World Champ
    Rossa Subscribed

    Jun 12, 2007
    11,424
    100%
     
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  25. Newjoint

    Newjoint Formula 3

    Jan 17, 2016
    1,463
    The Mondial had the performance of a hopped up VW- but frankly was and is IMHO a good looking Ferrari. The 296 is the best looking of the reg production cars Ferrari makes currently and runs with cars multiple its value. The 296 Speciale won’t help its values either. This is merely a supply and demand issue- something McLaren has gotten burned on more than a few times. The secondary market prices are reflecting that and frankly good things come to those who wait. Scarf one up when the price is right- I’ll make mine a GTS(seeing a few below the $400K mark already)
     
    x z8 and rmmcdaniel like this.

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