458 Values when 488 comes out

Well said, Bob. Getting the "right" 458 is not going to be easy, either, unless you aren't very particular. Even if you want red/tan there are so many possible options combos that the number of ideal cars for a given person's preferences are relatively few. Good luck. Half the fun is the chase!

 

Looks like 2010's and some 11s are in the 185-200 range with 10-15k so 2-3 years the 13's will probably follow a similar depriciation curve. 458's have held up nicley IMO almost 6 years old and a nice early example is still about 200k.

 

Yes Hamish my man, with you exactly on this one!

 

Hope they have fixed your cold morning stammer Kev ??

 

I've never seen a Brinks truck behind the hearse.

 

When people say dont worry about depreciation value and just enjoy it I think they are in a different situation to someone who does care. I think both sides need to consider the people that ask or say, because not everyone is on the same financial situation and the OP seems like he is worried. Right now is a time to worry about it for those who do, so consider them. 488 will hit the market and you could assume that 80% of the buyers of them are Ferrari owners already and a good 60% + of them will trade or sell their current car. So it is a fact that more 458's will be on the market. You must remember not every Ferrari owner is on Fchat and Fchat owners tend to be more connected to their cars then someone who "just" wants a Ferrari and flips them. So people here are more on the side of keeping their cars as apposed to flipping.

We are a very small community of the total sum of Ferrari owners......

Its simple as supply and demand and history has shown this. Yes there are odd 360CS and Scud's at super high prices but in general they have taken hits from their retail prices when these cars came out. You take out Ferrari's limited addition cars(F40,F50,Enzo, etc.....) and almost all Fcars sell at lower then retail price.

Will 458's go up in value in the next 6 months? never in a chance, will they drop when the 488'***** the market? almost guaranteed. Will you save 10-15k if you wait 6 months? Sure, there will be a few owners wanting to sell quick to get the new and greatest thing on the market and dont want to wait 6 months to sell their car. There are always good deals when a new model hits the market. History shows this.

So to answer the question, yes they will take some hit, you will also have a bit more of a choice of cars on the market too and if your worried about the hit, then just wait a little longer.

 

+10000000

 

I agree. To some, it's a big deal and perhaps it should be.

But my point is that its also extremely important to get a good one that you want and not "settle" for less if you can afford it.

Make the car really "yours" and not just a piece of metal, plastic and leather sitting in your garage.

 

If the person is going to keep the car for a long time, five years or more, then I'm not sure what difference 10-15 K is going to make. You factor in the enjoyment of getting the spec you want.

If you buy a spec that doesnt have what you want--maybe that car won't appeal to other people as much too. A steering wheels with LEDs, certain colors, or sheilds-- those are some must haves for a lot of buyers. If you buy a car that lacks these items then when you go to sell, you may have to lower the price a little anyway. Buyers may still want these items. Since your car doesnt have them, they are going to pass. You will have to lower your price.

 

Well, I for one have my fingers crossed for a catastrophic price crash! Lol!

 

When did Ferrari come out with the updated service plan? (Is it for 7 years?) Whenever that was, I'd look at getting that model or newer. A lot of these cars don't get driven and the updates haven't been super significant performance-wise. If you are looking for value, I would get the older car with the updated warranty as close to the spec you are looking for as possible.

 

The 7 year service plan started for model year 2012.

 

As said, started in 2012 MY. Older cars "could" buy into it but I bet no one did. It's just the annual maintenance which usually runs about $1200-1400 a year. So, it's a savings of about 10 grand if you kept the car 7 years.

Does NOT include brake wear. Just normal maintenance like oil and filters. I'm not even sure the windshield wipers are included.

Remember the DCT is sealed for "life" so there's no filters or fluids to replace and no clutch of course (unless you need to replace the entire unit).

 

ya ya, I get that.. my point was unless you have a limited edition (and not even all of those) it WILL depreciate. It is tiresome with all the people trying to "time" the market down to the month/day at which a certain model will depreciate and exactly how much. These are cars that depreciate, trying to predict which model/year/color/trim will lose value in which month of the year in the product cycle is pointless. People on Wall Street have been doing this black magic for 200+ years with little success. If you follow some of the guidance on these threads.. the 488 GTB just depreciated due to the Spider release..

Buy the car and expect it to depreciate.. that's the bottom line. If you happen to buy a car at the exact right time and keep it for the exact # of months where you sell it for the same price.. that's like predicting the lottery..

Like The Mayor said.. buy a car you LOVE.. and LOVE it. If you are trying to finagle $5K on a $200K car.. you are on the wrong site.. go to Ford.com and look there.

just my $0.02

 

The 488 sounds like crap...nothing like the 9k NA rev of the 458. While there are a ton of 458's, in the long run their value will be strong if you are a true Ferrari fan...488... Not so much.

 

I like a deal too, but if you are doing a car at this level, get the car you want even if you pay a little extra for it. You are never unhappy if you get exactly what you want.

 

I just sold my 2014 Italia with 4,000 miles on it last week for $265,000 after dealer offered me $230,000. Once the 488 starts hitting the U.S. shore the curve will speed up. Considering I paid $275,000 for my f430 spider in 2007 and that same car can be had for around $135k today with low miles should be a good indication of what to expect.

 

Depreciation of $17.5k per year doesn't seem too bad.

 

The dealer would have sold the same car for $265. But I don't see the bottom falling out overnight. If that's the case, the F430 and 360 owners are in for a shock! I do see a slow slide though and then a flatline. Look at F430's now... they have flatlined for some time. And, Scuds and 16M's are going up in price

 

That was exactly my point about waiting until prices stabilize. They will eventually "bottom out" and stay put for a while if not go back up some. Right now though at this given second they are on a continuous downwards trend through the end of the year in my opinion.

 

I think at some point 458s will start to appreciate in value being the last NA V8 Ferrari.

I've had a car faster than my Italia for about 1/3 the price. The Nissan GT-R is faster and more easily tuned, but in the end the driving experience isn't even close. The 488 is a beautiful car and I'm sure it'll be a joy to drive around the track. Will it be as much fun to drive in town or on the freeway? I highly doubt it. I can drive the Italia at 60 mph or less and enjoy the sound.

 

Look at the values of other high end cars. Bentleys, RR, Maserati, AM, MC, etc. They all lose money. They all depreciate down to a point where they level off. After many (many) years a few select models may increase in value. Modern Ferraris are now following the same trend.

There simply are too many other attractive options in the market segment that was once dominated by Ferrari. ESPECIALLY true when it comes to used cars.

Now enter the NEW Ferrari post IPO. SUVS, Dinos..Ferrari becomes Porsche. Its going to happen.

 

I couldn't have agree with you more! For regular use driving around town and scenic drives, you can't fully utilize the capability of 458 or 488. I don't plan to track my car so it doesn't benefit me for the extra .4 sec (0-60) that the 488 gives me. The sound of N/A 9000 redline is what does it for me. From what I hear from 488 video clips, I hate the sound of 488. Plus I don't particularly like the big side scoop on 488. I think it detracts from the lines of the car. I like the look of 458 Spider better.