Predicted FF bottom for early used ones? | Page 5 | FerrariChat

Predicted FF bottom for early used ones?

Discussion in 'FF/Lusso' started by KY _Soldier, Feb 9, 2016.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    The depreciation curve is known. In 3 years early FF will be $80-100k...
     
  2. ferrari169

    ferrari169 Karting

    Jan 14, 2014
    147
    Northeast USA
    I am with you there!
     
  3. FFantastic

    FFantastic Formula Junior

    Mar 23, 2015
    859
    UK Riviera
    Full Name:
    Barrie John Lovelock
    I personally think we have two markets here. The USA seems to be unique in depreciation and apparent over supply partly due to leases maturing in groups causing all sorts of distortion.

    Checking around the world the far east and China are desperate for used FFs, Singapore have waiting lists for used ones. Germany and Italy etc are holding up very well, admittedly the odd one or two are well below expectations but there is always a specific reason for that ie 50,000 miles and 4 owners for instance. In the UK the cheapest used one on sale is £149,000 nearly $210,000 and only 10% of all sold since launch (234 total sold) are back on the market.

    The bottom in the UK is guessed at £130,000 $182,000 for 2011 with plenty of miles and not the best spec.
     
  4. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    Where are early 612 trading in the UK?
     
  5. KY _Soldier

    KY _Soldier Formula Junior

    Oct 13, 2008
    583
    Louisville KY
    Full Name:
    Eric Rahman
    Add to that the strong dollar has meant that many Ferrari's are suddenly cheaper in Europe (such as pre owned 458's etc) than here is the US, which has historically not been the case in recent times. The US market used to be one of the best places to buy used european cars. Now many folks are flocking to Canada to get good deals and bring them into the US as I believe federalization is simple between Canadian and US vehicles.
     
  6. Elisesko

    Elisesko Karting
    Rossa Subscribed

    Jan 27, 2016
    210
    I will preface this with my being a new Lusso buyer and my FF will stay with me as well. The longer it takes for my name to come up, the more i can see myself waiver. At 2 for 1 FF to Lusso I'm solid. At 4 for 1, i suddenly become the guy who collects VW bugs and stores them behind the shed! I dont suspect, however, i will be waiting long. Anyway, if you thought there were lease specials on the FF before, what happens when the Lusso is competing directly with the gently used early FF? Especially as merely a daily driver.


    Friendly Sales Guy - yes, just give me your FF, your 458, and 100k cash and we can see how soon we can get you an allocation!


    Customer 1 - nice!!


    Customer 2 - do people fall for this?


    Customer 3 - is the 4 wheel steering and 2 additional tail lights really worth all that? Sales guy - don't forget the interior update!


    Customer 4 - is there a guaranteed allocation to the next special edition in the trunk?


    Customer 5 - I will keep my FF, my 458, and scratch you a check for 400 thank you very much.


    Anyway, I'm just thinking about 2-3 years in the future. If I'm to believe my dealer at least, a good portion of the dealership's staff would be all over the family wagon FF at the lower end projections of these curves. Doesn't take long to soak up supply and we know what happens when supply is dry.


    It will be interesting to watch this play out and how committed to the design Ferrari remains.
     
  7. FFantastic

    FFantastic Formula Junior

    Mar 23, 2015
    859
    UK Riviera
    Full Name:
    Barrie John Lovelock
    Not many for sale as they, like the FF, only sold about 240 but very early ones are late 60k with big mileage but tidy 2009s are pushing £100k and later ones upto £125 or more
     
  8. FFantastic

    FFantastic Formula Junior

    Mar 23, 2015
    859
    UK Riviera
    Full Name:
    Barrie John Lovelock
    You may have a point there. The Lusso is no guarantee of the concept continuing.
    Controversial I know but I still think the Lusso is a tad over styled and may date quite quickly giving the FF a second wind given the price difference. Here in the UK I would probably have to put £85k with my 2015 to change for the same spec. Good idea or hypnotised by the emperors new clothes?
     
  9. Sandy Eggo

    Sandy Eggo F1 Rookie
    BANNED

    Jun 4, 2009
    3,636
    Encinitas, CA
    Full Name:
    Rick
    Used FF prices (in the US) seem to be accelerating downward at the moment (maybe related to launch of the Lusso?). I check every so often and usually the changes are subtle/imperceptible. But last night I took a look and the ranges seemed notably lower - very attractive for a buyer. I don't track the data in a spreadsheet so I can't quantify things well but take a look for yourself and you'll see what I mean.

    The more I look at the Lusso, the more I think I will be completely happy with a FF when I'm ready to take the plunge.
     
  10. Brian L

    Brian L Formula 3

    Jun 17, 2015
    1,943
    Los Angeles
    Full Name:
    Brian
    Yes the FF here has dropped a bit lately. $175,000 for a 2012 18k miles car fully loaded at 400 new is happening.

    Why here more than other markets? America hates a hatchback ... from any maker. A lot of leases came up lately. Also some often insecure Ferrari people looking for a 2 seater status Ferrari. or die trying. The more evolved and eurocentric concept of the gentleman's daily Ferrari is mostly lost here. The styling excitement re: the more macho and dated (safer design) looking GTC4 further proves the point. American Ferrari people are not always the most evolved car lovers in the world. A lot of emotional factors on the self esteem side.

    Sorry, had to say it.
     
  11. MalibuGuy

    MalibuGuy F1 Veteran

    Sep 18, 2007
    5,865
    Sorry but you should keep this hate to yourself.

    Ferrari customers are an ecclectic and successful group.

    Yourself included.

    No need for any of us to hate the other models.

    Perhaps you should stop looking at the Lusso with an evil eye and just enjoy your FF in peace. RIGHT?
     
  12. Brian L

    Brian L Formula 3

    Jun 17, 2015
    1,943
    Los Angeles
    Full Name:
    Brian
    What hate? Just the truth. Ask any salesman over a drink. Way too many insecure people with money looking for the car that will define their life, and change it too. Europe is more of a driving culture, from F1 to rally culture to the rest of it. America is a possession culture.

    There are ALWAYS exceptions, and there are MANY Fcar owners and drivers who love to drive and don't garage queen their "investment".
     
  13. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,121
    Full Name:
    Stickbones Swagglesmith
    The more you write the more convinced I am that it is you with the "issues" here.

    People express their opinions about what they like, you express opinions but how other people are "deficient" if they don't like what you like.
    One doesn't need a PhD in psychology to see your subconscious stained underwear here.
     
  14. absent

    absent F1 Veteran
    Lifetime Rossa

    Nov 2, 2003
    8,810
    illinois
    Full Name:
    mark k.
    So true.
    There is NO DRIVING CULTURE in US , at least not among the 90% or so of the drivers we encounter daily on our roads.
    Poorly educated and trained in driving, a large number of them have no business to even be behind the wheel.
     
  15. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,241
    you aren't the only one
     
  16. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,241
    is an Enzo macho or feminine? same question for the 288, f50, and f40.
     
  17. Jasone

    Jasone Formula 3
    Owner

    Nov 15, 2011
    1,203
    Tampa Florida
    Full Name:
    Jasone
    Those were obviously designed by the marketing department.. isn't it obvious?
     
  18. F2003-GA

    F2003-GA F1 World Champ
    Rossa Subscribed

    Nov 2, 2003
    13,364
    Sunbelt
    Full Name:
    Bro
    +1
     
  19. FFantastic

    FFantastic Formula Junior

    Mar 23, 2015
    859
    UK Riviera
    Full Name:
    Barrie John Lovelock
    There is, in my opinion, an element of truth in what Brian says, albeit in a way that sometimes ruffles a few feathers but 'hey ho' each opinion is as valid as the next.
    In Europe the FF is by many seen as a Gentleman's Ferrari designed to fulfill a purpose which it does admirably and more often than not bought by those who intend to use them rather than just admire them or worse as a tool to enhance status.

    Many here, like the US, have other tools in the box which supply the sharper edge but again are bought for purpose rather than Phallic adjustment. Sure we have those types among us but they do stand out more here and generally just raise a smile of sympathy rather than hatred.

    The US is seen by many as a country of conspicuous consumption and I suppose buying a Ferrari is about as conspicuous as you can get if that is the only purpose. I, like many I know, spend a lot of effort trying to stay under the radar as gratuitous displays of wealth in the UK attract the wrong kind of attention these days so a Silverstone FF just cuts it.
     
  20. otakki

    otakki Formula 3
    Silver Subscribed

    Mar 24, 2016
    1,634
    +1
    I am a newbie who just joined the forum today even though I have been reading the FF forum for a while. The FF's utilitarian nature has drawn me towards the plan of owning one in a few years after I have done my research. It will be my first Ferrari if it happens.

    I am in the US and I also try to fly under the radar and stay low as much as I can. I try to avoid parking at locations which do not draw much attention but still remain safe. I avoid colors that are overly visible. I also try to debadge my cars as much as I reasonably can. I have also chosen my current vehicle based on its ability to stay under the radar and due to the majority of the populace (including tire shops) having no clue about the car. Unfortunately, I am not thrilled at the direction taken by the manufacturer of my current vehicle. From my research, FF seems to be the only car on the market now that has similar features to my current car, and more.

    Will a FF be able to stay under the radar easily if I fully debadge it? Indeed, haters will always be haters. A hater's spit or food that can be easily wiped or rinsed off is no problem. What I worry about are more serious damages such as getting "keyed." How common do Ferrari owners encounter such attacks. Will a debadged FF be able hide better?
     
  21. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,241
    there is a current/recent thread on this exact topic

    I have a pozzi blue FF with no shields and carbon center caps and I drive the car everywhere with little to no attention.
     
  22. SVCalifornia

    SVCalifornia F1 Rookie
    Rossa Subscribed

    Mar 28, 2011
    2,563
    Silicon Valley
    Full Name:
    Keith

    Seriously, I suggest not letting others define how you live... Get what you like and to hell with everyone else! If you are really worried about getting keyed just add a clear bra!

    Live like you're in the last year! Don't worry about the rest!

    SV
     
  23. F2003-GA

    F2003-GA F1 World Champ
    Rossa Subscribed

    Nov 2, 2003
    13,364
    Sunbelt
    Full Name:
    Bro
    Over the last 19 years I've owned 11 Ferrari's None of them were ever key'd
    and I've had some pretty wild color combos :)
     
  24. F2003-GA

    F2003-GA F1 World Champ
    Rossa Subscribed

    Nov 2, 2003
    13,364
    Sunbelt
    Full Name:
    Bro
    +1
     
  25. Aww100

    Aww100 Karting

    Mar 17, 2014
    102
    Full Name:
    Andrew
    I agreed. I used to have a 612 and worried about getting keyed.
    Just get your sides a bra and at the end it's cheaper than repainting it plus giving you the comfort.
     

Share This Page