599 PREMIUM OVER LIST?

Darkblue with cuoio or tan I like best. No, my friend hasn't indicated color preference yet.
Marcel Massini

 

Yes they do , when time has become more important than money.

 

I would guess about 17 examples of the 2007 Ferrari 599 for Canada.
horse fan

 

I just read in UK Autocar that F-dealers are making 599 buyers sign a contract saying they won't sell it for at least 2 years after delivery, so it seems here at least that there won't be so many cars available at a premium - that is if the contract is able to be enforced in a court of law - my guess is somewhere in the region of 25-35% of F-cars in the UK are sold within the first year of ownership, also I guess such a contract has to have some sort of get out clause - for example what if the owner goes bankrupt in the first 2 years?

 

Ferrari is one of the few car companies that seems to think they still own the car after they have sold it. Ferrari North America's previous solution for the resale concern was to only lease the F50 model to customers. Later they would be able to purchase the F50. There was one exception to this plan; the 3rd F50 built was a US version SOLD as a reward to a client (he collected serial number 3's). People are already selling 599 model contracts so I don't think the 'lease only' plan will be reintroduced here...
horse fan

 

So will the 599 push 612 prices down?

And in 2 years time there will be something new and hot to replace the 599....

 

I don't think the 599 will have much if any effect on the 612 prices as they are slightly different. The 599 replaces the 575M which will push those prices down if anything, but I don't think that will happen for a year or two, especially with these high mark-ups! The 550 was around for 5 years, the 575 for 4, and I imagine we won't see the 599's replacement until 2011-12 timeframe.

 

Paying a premium is an illusion...and the folks that complain about it or balk at those that do either can't afford to do so or haven't completely thought this issue through. There is no such thing as a premium. The higher price over MSRP is simply what the item (in this case the 599) costs, today. If someone wants one, today, they will pay that price. It is the actual price...the cost...for those interested in purchasing the car immediately. If that's what the purchaser wants then so be it...they're not concerned over the drop in price, they're concerned about owning the car, now. They don't want to buy the car in 2 or 3 years when it's at MSRP or below...they want it now. So who cares if they could buy it in three years for far less? That wasn't what they wanted. The people that wait two or three years are buying a car that's design is two or three years old...while the folks that paid the "premium" have probably moved on to the latest greatest thing. It's a free world, people, and consumers want things at different times and are willing to pay accordingly. Hey...I could have bought my Breitling watch when its model edition was three years old for far less than it cost me when it was brand new...but that's OK...I wanted it when I wanted it. Good for you if you can buy the same thing now for half price...so what??? Cost is relative and related strictly to what the consumer was willing to give up to get what they want when they wanted it.

 

Thanks. Perhaps we should host an economics thread on this site to explain these simple concepts.

 

It's like diamonds or gold. Unless you're in some special industry, nothing bar the rarity makes it of any use (ok ok, can help spreading a leg to two).

Still people buy them at a huge premium over steel or fake diamonds only because it's rare, so they assume it will retain a certain value. Which is somehow the same for the cars. If Fcar would increase the production by a tenfold, not only would the premium disappear, but resale value and finally purchase value would have to drop as well.

So on one hand there is a very good reason to buy at premium, on top of that of course, you want it you get it.

What's less fun is...
1. Most of the guys buying at premium will haggle with their employees on the amount of stapples they needed that month (how generous is that !)
2. They tend to usually bargain what they purchase, even if it has a sticker on it, and not pay double the price just for the fun of it.
3. They only buy it for posing. How many fcars in the US have more than 5000 miles a year (OMG how can i even say that) ?
4. Most of these guys will try to screw their wife (and often mother of his kids) when divorce comes (yeah, it's not only the big deal of the american vampire wife, but also of the boring to death, stupid husband that still wears a baseball cap on when going at the loo, forgetting on the way to close the door)
5. Most of these guys never give to charity

I mean, it's a global process.
Just like i wouldn't buy an expensive car and ending up flying coach all the time or eating crap or wearing second hand, i wouldn't pay a premium for a car that has a LISTED PRICE ON IT and not being VERY generous with everything else of my life.

That does s...k. And these guys deserve the depreciation, especially since they don't care.

 

Its just funny how everyone gets uptight over someone paying premium for a ferrari. if he has the money to spent why not? more power to him.

 

Free markets define price at the point where supply and demand intersect. This is a function on availability along a timeline. It is never fixed and each transaction is separate and unique. The completed transactions may suggest a value level but ultimately a contract to buy is established when the buyer and seller are both motivated to act at a particular price point.

A manipulated market on the other hand is where a dealer is forced to sell an item at a price determined arbitrarily by the supplier of that item, such as new Ferraris at MSRP to a pre determined, exclusive group of buyers.

MSRP then is the artificial level - and people get upset if someone who cannot buy at MSRP and chooses to pay more to accomodate a sellers price, and is therefore "ruining the market" . That is simply BS whining by those who are not in the preferred buyers "club" but would like that club to include everybody, or a least themselves.

If you want something today (demand) then you must pay the least amount that a seller will accept (supply).

 

There is an eBay auction just ended for an early 599 position.

Everything seemed straight forward with biding going to $100k then the seller revised the description to say that the car would be titled then re-titled at which time the heavy bidders canceled out.

Why? What’s wrong with a re-titled car?

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1,1&item=260016584749&ih=016&sspagename=STRK%3AMEWA%3AIT

Click on bids and scroll down to bid cancellations

 

Why should the business owner benefit from his business's success? After all, all he did was take the risk to go into business for himself. Why does personally guaranting the firm's financing matter? Who cares that he is likely to be personally liable for the firm's obligations? What right does he have to all the economic benefit when he is obligated to meet a payroll every month? Every one knows that businesss are run for the benefit of employees and not the actual owners.

I would like to meet the person who doesn't haggle the price of a new car...

Of course, why else would anyone buy a Ferrari? It's not like they might actually be driving enthusiasts who appreciate fine machinery or anything like that...

I agree. My wife, having come along years after I scraped and saved and borrowed to work my way through school, spent years building a career, and then took on the risks of going into business for myself, and marrying me AFTER I have become a financial success, is clearly entitled to HALF OF EVERYTHING, even though she had done nothing to earn any of it. She was spending my money like it was going out of style when she was married to me, there is no reason whatsoever that I should not continue to subsidize her newfound lifestyle long after she is gone...

I give more to charity in a month than you will in a lifetime, that is for CERTAIN.


Now STFU and go piss off at your Wendy's drive-through job. You have spent enough time wallowing in envy and self-pity.

 

Why is there such disrespect for capital? Some people inherit great wealth, but the majority of people who buy Ferraris and other expensive items, earned their money and are perfectly entitled to do whatever they wish with it. I am really annoyed by self serving whiners who spout off generalities without any knowledge of the individual specific situations at hand.

What people do with their money is their private business. Whether they give to charity or frivolously blow it on inanities is entirely up to them. There is really no place for such criticism as is contained in the quote above. As the old saying goes - Opinions are like a-holes. Everyone has one and everyone believes theirs doesn't stink.

 

I have met many Ferrari owners that are filthy rich. I have met more that are, like me, just passionate about these cars. I worked for 28 years before I could afford my first Ferrari. I am not rich, just willing to spend my last dollar to own one, maybe two.
Its a shame when a forum such as this turns to a rant speculating on and insulting peoples motivation.
Given the speculation surrounding this car in particular, it is obvious that a lot of people are going to pay a significant premiun over MSRP, probably $100K. I say more power to them!
If you are not one of them get OFF this thread and find one more suitable to your own ambitions.

 

Go drive your Maranello and stop being so bitter.

 

What is so much fun is that i am myself an entrepreneur (yeah, go figure), and funily, nobody answered at the baseball cap issue. Lack of intelligence maybe, but that was obvious.

I have nothing at ALL against capital, inherited or not, trust me..I know many guys/girls with more money than one can use.
I have a problem with dumb people, and i see many around. I have a problem with people playing big guys while they are nothing -but lucky.
If you complain about your wife but are at the same time so smart, then you d..ck drove you at some point no ? So stop cut it off if you should blame anything.

And yeah, i will be happy DRIVING my maranello for a while, not just showing it off at my golf-loser club.

Again, i have no problem with people paying over price a car, i just say it should be a global attitude.
If you are so large with yourself, TRY being it with everything that should matter.
What i was trying to point out was simply that it's tragic that while a big part of US people haven't enough to clearly educate their kids (who fixes the salaries..) or to heal themselves, the ONLY issue other ones have is OMG, the 599 sells for 100k over list, should i jump in, knowing i will never use my car anyway, as i can't drive and think it's cool and a proof of driving skill to tailslide out of each corner nature made ?
Frankly, the whole topic s..xs, buy it if you want, who cares if there is a premium and how much it is ! Who cares if the car is cool or not, the buyer decides what is fine for me.

This ain't no discussion. It's show off at large.

 

Lastly if you wonder why i keep my maranello....
well, when i use my car, i max it, or at least, use 90 % of it. every time that is ~once a week.

I think it's already way too much, and more than needed to keep me in jail for a while.

I doubt an additional level of abstraction/performance will make me any happier.

Actually, a Daytona would probably make me happier.

Lastly, as of today, trying to kill the -poseurs'- voice that shouths 599 gtb all over the place, i prefer the maranellos' look.

But then again, i never loved ferraris...

 

FWIW, I thought the 599 was hideous before I'd seen it in the flesh; it simply doesn't photograph well, IMHO. Having now seen one, my opinion has changed completely- it's really a very striking car. The one I saw was rosso w/tan, standard 19" wheels (at Monaco Motors in MC when I was last there a couple of weeks ago), and it knocked me out. Would I pay a premium over sticker to own ANY car? No, as the concept just doesn't sit well with me, but chacun a son gout, non?

 

Tout à fait !

 

j'adore

 

How the **** do you know if its their only issues ? Its not because some have expressed their opinion here that its the only thing they do/care about.
Seriously , you are taking this way too serious and the wrong way.

Among those who pay a premium for a Ferrari , there will be crooks , CEOs, Rappers, drug dealer , successful business men, retired bankers etc..get my point ? You just cant generalize .