F12 Resale value | FerrariChat

F12 Resale value

Discussion in 'F12/812' started by golden1911, Dec 4, 2015.

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  1. golden1911

    golden1911 Karting

    Apr 28, 2014
    150
    Toronto
    hey guys,

    I've never bought a new car in my life, i've always bought them a bit used.

    the market, at least in canada, for the f12 seems a bit odd.. used cars are actually more expensive than a new car (they recently dropped their prices on the f12 by 40k)

    i am considering just getting a new f12. What are your thoughts on its ability to hold its value at this point in it's lifecycle?
     
  2. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    Do you know why the new ones are less than the used ones? Have you tried to get a new one?
     
  3. RCorsa

    RCorsa Formula 3
    Owner Rossa Subscribed

    Apr 5, 2014
    2,093
    West Coast
    You'll be in good shape with low depreciation for another 12 months but more and more cars are available and prices have certainly already begun the inevitable decline in NA and are back to earth near or at MSRP and in some cases under MSRP. The new v12 should be announced by late 2016 early 2017 at which point values will drop more sharply. The v12s tend to have the heaviest depreciation when new models come out.
     
  4. phanliu

    phanliu Formula Junior
    Rossa Subscribed

    Aug 21, 2015
    668
    Illinois
    Full Name:
    Noel
    Welcome to the world of Ferrari!
     
  5. CrazyMD

    CrazyMD Formula Junior

    Mar 10, 2012
    404
    Southern California
    Even when the new F12 replacement is announced and comes out... It's highly unlikely you will be able to get one for the first few years. So if you like the current F12, order a new one and enjoy it for years to come and don't worry about depreciation as its a car and in general cars depreciate. Just appreciate driving it
     
  6. golden1911

    golden1911 Karting

    Apr 28, 2014
    150
    Toronto
    yes, i have access to allocation. priced it out with options. etc.
     
  7. lsmkr01

    lsmkr01 Karting

    Oct 5, 2010
    205
    VA
    Full Name:
    Alexander
    Best advice given.
     
  8. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,303
    Full Name:
    Joe Mansion
    If you get a new one and dont want to lose a ton, then :

    -Sell it within 12mo.
    -Drive it less than 5k.
    -Dont order any color combo that is too personal. Red or Grey or Black seem to be the easiest to resell.

    The F12 will soon be 4 years old so id expect a refresh for 2016/2017 and that will hurt the 1.0 value even more.
     
  9. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
    5,772
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    +1, or just enjoy the hell out of it and risk taking the hit. If you don't mind some depreciation then have fun with your car and forget the rest...
     
  10. Tireman

    Tireman Karting

    Nov 13, 2011
    208
    Canada
    New Fcar prices in Canada have been realigned (down) very recently.
    There were very few F12 allocations since new so if you wanted one and did not want to wait for a long time the only option was used ... the market is starting to soften but the reality is buy what you like, drive the heck out of it and smile!!!! There are only so many trips around the sun
     
  11. redcaruser

    redcaruser Formula 3
    Rossa Subscribed

    Apr 8, 2012
    2,426
    switzerland
    Full Name:
    daniel
    Does anyone know the average sold quantity per year?
     
  12. toparkt

    toparkt Formula Junior
    Rossa Subscribed

    Oct 20, 2006
    730
    orange county
    Full Name:
    Andrew Goetz
    I am on the hunt also.. With some persistence and patience build slots becoming possible.
    A quick search indicates around 60 on market. The resale over MSRP starting to turn
    as they sit on the market for months.. The thrill of the order and wait is worth more
    than a Broker mark up !
     
  13. Lusso250gt

    Lusso250gt Rookie
    BANNED

    Aug 17, 2013
    38
    United Kingdom
    Hi, do you know how much prices have been lowered? I too live in Canada and it's hard to find very current info. Thanks
     
  14. 33pds

    33pds Karting

    Jul 9, 2010
    111
    I don't know the Canadian market, but in the US the market is definitely softening. Supply is up, and demand has tapered with the growing expectation of something newer in the works, the loss of novelty due to age, and the V12 overall depreciation curve likely starting its arc.

    I bought my car to drive, and expect it to depreciate along the way. I don't think the current release is one to "drive for free" any more. But the car is a total pleasure and really lives up to expectation. 😄
     
  15. Solid State

    Solid State F1 World Champ
    Owner Rossa Subscribed

    Feb 4, 2014
    10,477
    Full Name:
    Maximus Decimus Meridius
    Over what period of time are we talking and what is your experience with Ferraris?
     

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