What's with 488 prices?

Am I missing something? Isn't the base price on the 488 GTB 245K? Check out these used listings:

https://www.cargurus.com/Cars/l-Used-2016-Ferrari-488-GTB-t58567

Might have to be a Huracan or 458 for me if those prices are accurate.

 

Bump

 

you wont get a car at 245k. It will have upgrades. A bare bones spec will run you 280-290k. A well equipped- 310k. Very nicely equipped - 330k+

 

Completely agree. It's a game.

I'm not knocking the 488 but it seems to have lost it's "used prices over MSRP" value faster than the 458. Then again, the 458 was a clean sheet design over the F430.

Maybe the spider will hold its value longer but he coupes seemed to have fallen pretty fast.

 

I'm not in the US, but from what I understand most are specced with an MSRP of about 300-320k usd.

I think the base MSRP is about 250k, but no matter what, I've never heard of ANY V8 Ferrari that left the factory without any options.

If you want to get either a Huracan or 458, get the 458. Much nicer car on all fronts.

 

From my observation, most 488s for sale (used) in the US are asking between MSRP and MSRP+10%

 

Did you notice the length of time those cars are on the site?
Without knowing the MSRP of each car, hard to say what mark up they are asking for.
Remember, the seller of the car got much less than the ask listed.
Net, I think the real premium for coupes is gone.
Best

 

There are also more choices than when the 458 came out. When the 458 came out there wasn't even the 12C. Now there are several McLaren's that someone might cross shop. The Lambo is also improved. And as mentioned, while the 458 was a huge step forward from the 430, the 488 isn't quite that big a leap from the 458.

 

If anyone (US) is looking for a new 2017 488 spider in Blue Corsa and racing seats, send me a PM.

 

That's true. Which means that most are probably selling for less than MSRP right now.

It's really a question of waiting times. If there's a 2 year wait then people will pay over for one. Anything less and the incentive to overpay is less and less. Ferrari of course adjusts this with dealer quotas but they still need to make and sell cars to keep the doors open.

BUT -- you have to decouple coupes and spiders. They are apples and oranges. A lot of early adopters of coupes traded them in for spiders which puts waiting lists for spiders longer and more used coupes on the market earlier.

I'm not sure you can read that much into such a small market.

Ferrari's bread and butter are 8 cylinder cars. Any softening in the market will force them to sell alternatives or upgraded versions, which is good for all of us.

 

Hi same story here in. The UK.

The 488prices are very strong and little to nothing at or below list price, demand is still very strong here.

Regards

Michael

 

i will eventually go for a 488 GTB when prices come down in 1 year or so

for now i tried the Mclaren 570 series after having the 458 spider and huracan spyder and AMG GTS, just something else to consider besides the big 2!

 

The problem with the Mac is still their small dealer network. Great for some... lousy for others.

 

+1

 

I'd be very, very worried about 488 flippers with the impending 720s's. Heck, even though I'm a Ferrari owner I'd be worried about McLaren's near future lineup. The near future looks very exciting! Let's hope the 488 version of the speciale is something very special indeed!

 

smaller dealer network is a factor for me too.

clockem, i'm not really in the market for an additional car but would love to see a picture of that 2017 blue 488 if you care to share (something like that could be in my future).

 

As requested:
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My love and interest in the 488 is because the car is stunning in both design and performance. Whether or not the secondary market is cooling slightly or not isn't a concern of mine.

 

Thats a good approach! Clockem 488= very nice! Love Blu Corsa!

 

Gorgeous color, Gary. Is that Blu Elettrico?

 

Stunning!
This would be my spec too.
Wish I was ready to move from my Cali T.

 

WOW that interior is gorgeous! Love those seats with the center stripe too. Damn gorgeous!

 

Wow, that spec is unreal Gary.