296 Values and Used Market

Respectfully, not my experience. The oil service is either milage or annual, which ever comes first. In my case on all my cars, the annual came first and all annual services were covered regardless of milage.

 

My annual service has always been covered. However, annual service does not always include oil changes. This has been my experience, which has been corroborated by others in this thread (@Thecadster was the first to mention it). It may differ by model and/or model year.

 

Excellent. Thank you. I feel better about the situation.

 

For reference I had my first oil change at 19,500km/10 months and asked the service person on his opinion for changing it more often.

he said since I drive a lot he recommends changing more often but that will be at my own expense.

They also said Ferrari paid for 7 years of service, not 7 services, so I’m covered if some years I need 2 services.

 

So drive 40,000km in a year? Sounds like a fun challenge!

 

nope more I meant first service in Jan then the next one in Oct.

But the service is indeed unlimited mileage, so is the 4 year warranty we have in UK.

I’m close to hitting the mileage limit my dealership allows for accepting used cars

 

Its absolutely mind blogging to me how a 25 turbo s and a 24 296gtb are around the same price.....

These are such fantastic cars.

 

I want to buy a 2nd one for this reason. Need more storage. lol

 

And I thought I was the only one perplexed by that.

 

This! 100% correct, I don't get people who complain about the haptics, they must not be driving the car that much (in order to get used to it) and/or not know that almost every function the haptic provides has a physical corresponding button at the back of the wheel, I DD my F296 and it's so easy to use I love it.

You'd have to be mad to sell a F296 because few buttons annoy you, I don't buy it, this car is intoxicatelly addictive, I can't stop driving it and there are few other choices in my garage but I keep of going to the 296.

 

IMO- They just needed more time with it. Or they are too old or cannot adapt well to change. IMO. It’s actually not very complicated and well laid out in spite of the haptic issues.

I'm going to be the contrarian here and disagree with the above statements. Yes I am old, but that is no excuse for the haptics in the 296. It was a good idea, but the execution is a problem.

I've been in the automobile business for over 55 years, and the haptic controls in my 296 break just about every rule regarding user interface/controls. They are a distraction, and yes I've learned how to operate them in spite of my age.

I love my 296 and love driving it. The haptic controls on the other hand........

Mine:
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are you going to switch steering wheels to the new, less haptic design?

 

nope. I can live with what I have.

 

Question - if you pay for an "off cycle" oil change (i.e. in year one when the "computer" says it is not needed) - does that "reset" said computer so that it possibly says you don't need an oil change at the next service (so in effect you are never receiving fluids as part of the 7 year maintenance)? I assume the answer is no, but figure it's worth asking...

 

I also have a maintenance-related question concerning a 296 I’m in discussions about. If the car has super-low miles, no fluids were changed at the annual, and it’s now 18 months since purchase, is it reasonable to ask the selling dealer (a Ferrari dealer, but my dealer) to do a complete fluid change, or are they simply going to refuse to do so? Thanks in advance for answering this and the above question.

 

No, at least not in my experience. I paid for the oil change in my F8 in year one. Ferrari covered the oil change in year two. I presume the algorithm said it wasn't required, but since it will always call for at least one oil change in the first two years, they covered it. In other words, they did the right thing.

 

Or just wait 6 months and have the dealer change fluids at its next annual service.

Near zero miles and ~18 months (should start from date on the door, not original purchase, clock starts when car was built) is well within the guidance of motor oil and brake fluid, no concerns whatsoever.

 

No harm in pushing the notion

 

Prices on both the 296 and SF90 have finally stabilized. Some 296s have gone up a bit, but the market is still soft. The Speciale should help 296 prices, especially Assetto Fiorano. Which is 80% of the Speciale. They just turned up the boost a alitttle too on the Speciale.

 

This is super helpful, thank you. Almost 2 months later we see that depreciation has continued to worsen ONLY for higer mileage cars - which strangely are probably better buys since better "sorted out" by now.
I had Chat GPT do a similar exercise off a pdf I produced on GTBs and the average number (5 days ago) for sub 1000 miles car is $387K

 

Inthinknt

. I think that’s MSRP, not asking price. Or if asking price, it’s skewed by some cars that are sitting and not seriously for sale. I’ve been analyzing and obsessing the market for a couple months now. 2024 cars with less than 500 miles are going for $320 to $330’s.

 

True, I can wait six months; however, I then have to flatbed the car to my dealer and back, which is around $1,200. So I’m wondering two things…. First, has anyone bought a car and asked the dealer to service it outside of the annual cycle (like many people do with all the other brands), and secondly, if the selling dealer (which is not my serving dealer—sorry for any confusion in my original post) services the car, do I need to take it back in again in 6 months when the two-year clock ticks? If the answer to the second question is “yes,” then I shouldn’t ask the selling dealer to change the fluids (even though I’d feel better if they did).

 

I’m a buyer of 24s at that price. Haven’t seen 23s for 330 in great shape with the right options for me. If you know of red on tan 24s at the price please send me the details. Thx

 

When you buy a car you can ask them to add anything you like 'into the deal'...new tires, paint protection, carbon bits from the Ferrari catalog, etc...that's up to you.

You are not obligated to take the car back to the selling dealer for service (if that is your question).

However, Ferrari is a stickler for having annual services performed +/- 3 months or so from annual date...out of band servicing will not satisfy. I really see no point in changing fluids now vs 6-months based on the details provided. And, flatbed denotes back of a wrecker, not enclosed, does your servicing dealer have their own captive transport? It might be a better option if they do.

 

Back to the values discussion, was tracking a dark Grey 296GTB with 1,600 miles, last price was $315k, and now it's sold. Few others from my dealership were at or around $350, now down to $340.