Ferrari F8 - Rarer than a Pista? Supercar Driver 4K

36 Pista & Pista Spider for sale here vs 23 F8 Tributo and Spider on Autotrader UK (which is used by almost everyone, they have the monopoly here).
On the Ferrari UK Preowned, it's even less - 12 Pista & Pista Spider vs 6 F8 Tributo & Spider.

 

Yes yes. So when these stats work in favor of the F8 argument, they have merit, but when the opposite stats work against the F8 argument in the US, no merit. Sounds about right for internet logic….

F8 at 200k versus 250k for a Pista? Not sure what’s going on in your country but in America the cheapest Pista being sold at a ferrari dealership is $650K and the cheapest F8 is $325K. But TBH it doesnt really matter if there were 350,000 Pistas made and 12 F8’s. One is significantly appreciating and the other is depreciating. Typically scarcity appreciates while mass products depreciate, but hey maybe this is the anomaly. Having said that, I think the market has given us our answer.

 

I agree except I do not really see the F8 depreciating as far as asking prices go. Seems like the F8 appreciated a little and is holding. As long as the mileage is in check I think the F8 is selling over MSRP now but only just a little.

Yes the Pista has really appreciated, totally shot up. I will say I wish I stretched a little more and bought a Pista a few years ago when they were just above MSRP. Fun investment for a few years and still to me the Pista is my favorite right along with the Enzo and F50 and a few others.

 

Why would you wish that you had a Pista if you can’t drive it? To make money?

This is stupid. I already have investments. Investments are necessary but boring. Now my sportscar needs to be one? This is my hobby. This discussion is making me not want to drive my F8, and that’s just no fun!

 

Pista is sexy looking and yes why should I not want to lose money if I can help it? Stupid?...hardly little buddy!

 

Pista all the way.

 

ummm all cars on earth lose money when you drive them. Especially these cars. That’s only an issue if you treat these cars as investments and the same can be said for any Ferrari.

i agree with you. Likely at or close to bottom. F8 is a phenomenal car.

 

Yes, but I’m in a lot of car forums and this seems to be a much bigger deal in the Ferrari ones. That’s too bad, I figured modern Ferraris are more reliable and this depreciation is less sensitive to mileage than it was in the past, at least I hope

 

Drive it. Enjoy it to the fullest. Put on the miles. Sell it (maybe) one day and never look back. My ‘22 F8 is soon to cross the 10,000 mileage mark. It’ll be worthless at that point.

 

I know what you're saying, but big picture-wise, I don't get the logic. Why "should I not want to lose money if I can help it".

Well, you could "not lose money" by not buying a Ferrari, or any supercar, to begin with.

If my goal here was to not lose money and to maybe make money, the last place I'd put my funds is in a sports car.

Unless you are a car dealer and are trying to make money off of this whole endeavor, this is mostly an expensive hobby, and if I'm already in the game, I might as well enjoy it. Staring at a supercar in the garage, month after month, doesn't do sh&t for me. Never has, never well. Might as well park your money in gold, or real estate, or an index fund, where you'll really see some gains over time.

 

unfortunately there are too many Americans looking to make a quick buck on flipping these cars. They flex around town once a month showing off a car they can only afford to put 10-20 miles on annually and god forbid the market drops. I agree that it’s silly how hard you’re penalized for miles on these cars in America. It’s less problematic outside of the US.

I made this mistake on my pista spider last year. I put 8k miles on it in under a year, got scared of the miles and sold it like a total A—hole. Broke even so at the end of the day it was a win but I Will never make that mistake again. I own these cars to drive and they bring me joy daily. Depreciation will be what it is and every dollar lost is worth it. I have 10k miles on my 812 GTS and haven’t thought twice about it. I plan to do the same with all future cars I own.

 

^ I'm totally down with that. If I buy a sports car that appreciated while I own it, that's icing on the cake. My 2020 Porsche 911 went UP in value after I put 11k miles on it. I was happy, but I knew that that was an EXTREMELY lucky scenario for me. But I won't stop driving because I don't want to lose money.

I mean, if I own a Pista and I don't drive it, it appreciates, then I sell it and buy another more expensive sports car that I again don't drive it's like WTF am I doing this for?

 

I think it makes sense if you’re a collector and you’ve got a large collection. If you’re treating these cars like art you can only drive so many at a time. In fact, I’m envious of anyone who has that. Hopefully one day I get there.

 

Preserving value never sounds like a bad thing to me, though I think you should balance that with the value you get out of enjoying the car.

Before I bought my F8 I had always told myself I wouldn't buy a Ferrari until I could afford to drive it. And when I got mine I set a target to own and drive it until I was down 100k in depreciation... that was how much I felt comfortable "losing" on a car. With past cars, I figured maybe 10k miles and 4-5 years to get to that point. Well, 8000 miles and 4 years in and lucky me, no depreciation! So I'm gonna keep driving it until it loses that 100k... if it ever does!

 

100% absolutely modern Ferrari is way more reliable than the past however Ferrari owner and people looking to buy a Ferrari want 0 miles compared to Porsche, Lambo etc. That is the way it's always been.

I enjoy my Ferrari plus I do not drive nearly as much as I use to. However I had way more fun with my Porsche's doing many track events a year. I had a run of 10-15 track days a year for 18 years in Porsche's. You never see Ferrari's at the track and if you do it's usually a older Challenge car or a guy trying the track 1 time.

 

You're lost and trying to argue with me.....I am done here and will leave with...I've lost less money or no money on my 488 and now if I went to sell my F8 I would break even or possibly put a few extra grand in the bank as the F8 is holding to slight appreciating. With a Pista if you bought last year when I bought my F8 and I sold the Pista today you'd make money on that car. What the heck is so wrong about that?

 

Ferrari owners tend to daily their cars here, regardless of whether its a VS or not. Quite a few of these Pistas and F8s have over 10,000 miles on the clock. I've even seen a 12 month old F8 Spider come up for sale with 25,000+ miles.

My observations are that the typical US Ferrari customer emphasises collectability and investment value, whilst the majority of UK Ferrari customers are happy to shoulder some reasonable depreciation/break-even, if it means they get to daily their Ferrari. I daily my Ferraris and most Ferrari owners I know/come across also daily theirs.

 

yes this was the point I made earlier. Miles are less of an issue outside of the US. Having said that, higher mile cars don’t trade for THAT much less than lower mile cars in the US unless you’re hitting the 25-30k mile range. Hence why it doesn’t make sense to me not to drive these cars for an additional $50k in profit. I prefer to lose that 50 and enjoy my life. I still think a high mile pista will yield you a win or worst case scenario a break even over the next few years.

 

I agree with all that and frankly, I find it utterly ridiculous that 10,15,20,25, 30, 35, 40,000 miles is so looked down on in the exotic car and especially, Ferrari world. Really doesn't make sense if car is well taken care of cosmetically and mechanically. These cars aren't weak. Why would a 60,000 mile Toyota not scare someone but a 20k mile Ferrari does? Ferrari engines will run into the hundreds of thousands of miles. It's all just weird. Although, just due me not having time and having multiple cars, my cars stay fairly low mileage too.

 

I think it’s not just miles but how they are driven. Most Toyotas are driven like average cars (low RPM, conservative driving)

Most Ferraris better d*mn well spend a good chunk of their life north of 5k RPM. That’s at least where I spend a lot of my time, as with all of my sports cars.

 

True, but I don't think that hurts the engine if it's maintained and not abused. I'm just people act like these engines are junk if they hit 20-30k miles and they're not at all.

 

Yes, that's correct-- it's the same math when you look at average speed... I FEEEL like I drive around 100-120mph on my way to work, which i actually do... BUT the average speed for those 20 miles is still around 21mph when it accounts for leaving my house and the side streets to the highway and after I get off the highway and go my office. So avg RPM's is also probably only going to be around 3700 even though you think you spent most of your time between 5 and 8k.