458 - Slowest depreciating car!

Still, could be worse. According to the article, if you own anything other than a 458, it IS worse.

On a more serious note, I can assure you that's not the reality I have around me in Europe. Owners are driving and enjoying their cars. For instance: in Portugal right now, the 458 for sale with the least mileage has 33.000km/20.500mi on the clock. Prices holding up firmly. I bought mine from an official Ferrari dealer in Germany last year with 33.700km/20.900mi. Not easy at all to find a 458 in my neck of the woods with less than 10.000km/6.200mi.

Exactly so. As I mentioned in post #45, couldn't agree more.

Kind regards,

Nuno.

 

Just buy an FF at a Dealer and see how it does in 2 years. Cash will vanish from the car every time the door is opened.

 

FF or California as well, will see how the 488 hold up especially when people are paying $30-40K premium over sticker now.

 

FF or California as well, will see how the 488 hold up especially when people are paying $30-40K premium over sticker now.

 

Last month a 21,000 mile FF went for 124k at wholesale auction - ouch

 

It's so reassuring to read that 458 owners appreciate and understand value beyond mileage or money. Having purchased my 2013 spider with merely 8,200 miles (really it wasn't that much mileage), I remain petrified to reach mile 10,000! This is bugging the sh-t out of me. I have no intent on selling this car - I love this car, but I'm still hung-up on the depreciation concept and it's driving me crazy. (No pun intended.) Even after having spent tens of thousands of dollars on cf and other upgrades knowing full well there's no return on this investment, I remain perplexed by the "exit strategy" which I will most likely never affect.

 

If you can afford to BUY a 458 certainly you can afford to DRIVE it! Someone who is scared of losing 100K in a car, shouldn't buy it. If you're worried about driving it 1800 miles, you're REALLY selling yourself short. When you're on your deathbed you're certainly not going to be thinking you drove your Ferrari too many miles. Raise your pain threshold so you can enjoy the car- add a ZERO to your figure, go out and enjoy! Way more fun to drive, than just stare at it in your garage.

 

Coming from a 430, I can say that the 458 Italia is one of the most exhilarating experiences ever. I'm fortunate to have an un-flashed 2011 and have all the crackles and burbles that the car was born with and the sound it makes when coming off the gas at higher RPM's is nothing short of a symphony. This will most likely be my last newer Ferrari. As much as I love the styling of the 488, the muffled turbo sound just doesn't do if for me. And there will be no more naturally aspirated V8's coming out of Marinello. Next we have hybrids to look forward to. Nope. I'm staying with this beast for the foreseeable future. If it ever goes up in value, great. If not, I'm still going to enjoy it just the same. I found a unicorn with great options and only 1400 miles on it...that kind of low mileage I can guarantee you will not last for long

 

This is from my post to an old thread originated by Mayor. I hope you'll find encouragement to enjoy your 458 more and let your love of the car overcome the fear of depreciation:

The "Mona Lisa" of Automotive History...

The once magical combination of Ferrari and Pininferina has resulted in probably the most successful sports car of modern time. The car as a whole delivers a driving experience truly is second to none. (Mine still has the original late 2010 ECU and stock exhaust.) Few objects I have ever owned have the ability to reaffirm a choice so personal yet so rightfully mine. Its ownership is a passionate affair that stands the test of time. Each sighting is love at first sight all over again, and again. It awakens senses that may have been made dull by daily strife. It stirs the inner self that may have gone fallow with maturity . It restores youthful indiscretions that may since have been replaced with sensibility. It stops aging of our soul like a spa treatment after each aimless drive. It conjures spells on innocent passerby who dare to cast a admiring or jealous gaze. Its exhaust frightens children yet announces the first desire of future ownership deep in their psyche for personal reasons yet to be discovered in adulthood. At the end of a journey, a smile, not much less perfect than that of 'Mona's', is bestowed on the privileged owners now complete with what life's bests have to offer.

The 458 really is that good, at least to me.

 

Because the next gen will be hybrid, 458s and 488s will be collectors

 

I don't see it with the 488. Quick car but not universally loved like the 458 and a few others.

I'm betting the 488 goes down as unloved.

 

Your post and the thoughtful responses by Nunu and so many others have caused me to re-think my own plans. Most importantly it clarified why I have been quite so hesitant with my decision to buy a 488. I really like the 488 but I am dreading the idea of trading a car that I truly love - my 2015 458 spider.

I am also reminded of a decision that I made in 1999 when I traded the last air-cooled Porsche the 993 for the brand new 996. The 993 today is one of the most loved, whilst the 996 does not have a very large fan club - and the 2nd hand car market clearly confirms the facts.

Net-net, I am already not fully utilizing the power with in the 458, so 100 hp more really does not mean that much to me. My current thinking is that i will probably cancel my 488 and stick with what I have got and continue to love the glorious sound of a n/a engine and to marvel at the exquisite lines of the last Pininfarina designed Ferrari.

Thank you for bringing new clarity to my thinking.

 

Hope my sarcasm meter needs calibration.....because at face value this is rubbish.

You bring me a clean 20k mile car in a nice color and I have $150k for you.....

And when no one beats down my door to "give" me a 7 year old exotic long out of warranty, we will all see the truth....that a big factor in the value retention is the lack of acceptance of the 488 to a large block of buyers.

 

Me too! I traded my 1995 air cooled 993 for a then new 996 in 1997. That was a mistake and my lack of insight. The NA V8 Ferrari, especially the 458, will most likely repeat the same history. Although the 996 was a wonderful car, it lacked the uniqueness to become a great one. The 488 also likely to repeat the same history in the Ferrari history.

 

I'm not so sure the 488 will go down as truly unloved, but I think its not benefitting from the same near universal praise which came to the 458. In a weird way, the 488 might become interesting to collectors because it could be the odd one out- a pure turbo mid engine V8. The first by Ferrari since the F40. And then the last.

We all know the reasons the 458 will be remembered very fondly.

Its guess work right now, but my guess is the 488 successor will be a hybrid of NA + electric. They simply need the aural response of the NA motor and the hybrid stuff will give them the extra shove and emissions/ fuel economy.

I prefer the 458 for all the usual reasons, but anyone I know with a 488 absolutely loves it. I find this telling. My brief drive was too short, but the power was a big step up. I couldn't really judge the handling, but it seems up to the task of coping with the extra power.

 

Well I hope you got a lot of money because there are plenty of them out there. On cars.com theres clean carfaxes ones for 155k, are resale red one for 159k, another black one under 20k miles for 161k. Any of which can be had or will soon be had for 150k... A buddy of mine has a red one with 10k miles on it, he's trading it in and you don't even want to know what wholesale trade-in values are, its much less than 150

 

458 Italia is the nicest looking modern Ferrari built with one of the greatest powerplants ever mated in a street car.

Those who added a ton of options probably did see alot more depreciation but I don't think this car will fall, simply because to this day there really isn't a proper replacement. Sorry but the 488 sounds dull at max revs and does not look the part...

You can pickup a clean well optioned 458 in EU for 140-150k and have a ton of fun.

 

If you're concerned about the deprecation I'm really not sure why you own a Ferrari (or any other exotic, or even higher end production car) in the first place. Want a reasonable decent financial return from a car? Buy a Subaru for cash and put 200K miles on it. Otherwise, burn this thread and go drive your car!

 

Go take a look at these 458s in those price ranges. There is a reason why they are that price. And wholesale of course you will get nothing. The Ferrari dealers need these cars and make a ton of money on them on resale.


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One very simple reason why the car isn't depreciating like any other: In virtually every single article, online or offline, in a specialized magazine or generic newspaper, the 458 is always mentioned as one of the best, greatest Ferraris ever made. Regardless of supply and its fluctuations, demand is very strong and the car's die-hard fan base is large and increasing, fuelled in part by what I've mentioned. And rightly so, every praise you can lavish the 458 with, will always sound like an understatement.

Kind regards,

Nuno.

 

Very regional, 488 coupe easy to buy in UK. Will get worse after 720 road tests.

 

I remember when Jeremy Clarkson reviewed the 458 Italia for Top Gear and he said something like its his favorite Ferrari since the F40 and he never thought he would get back to that level. And I thought- this must be some exaggeration for TV. But after driving the car- no he was right. Its definitely an all time great for Ferrari!

 

On a constant dollar basis is the 458 doing any better than the 360? I have not done the research but I would think no.

 

The 458 is the only car I would replace my 355 with.

Ideally would have them side by side.

The Italia is the epitome of mid engined V8 Ferrari's in my opinion. In the classic sense at least...the 488, to me, is a McLaren in Ferrari clothing.