The depreciation curve is known. In 3 years early FF will be $80-100k...
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.
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.
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.
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
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?
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.
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.
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?
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".
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.
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.
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.
+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?
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.
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
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
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.