Thx Jimmy
458's going to take bit of a dip now that the 488's have come down below 250's. Nature of the beast. Sent from my ONEPLUS A6013 using FerrariChat.com mobile app
Yup and 488s are getting cheaper fast. As soon as the f8 hits too there will be many many cars on the market
Seems the dealers are burning up the phone lines trying to move the 488’s. Sent from my iPad using FerrariChat.com mobile app
Yes this market seems to be going both directions at once. Lower spec 488 spiders coming down hard while higher spec low mile 458 spiders are still carrying 200k+ asks. 14’s especially w cf race seats and low miles are still asking 220 at dealers.
Yup... but it has to be the right right low mile car to get anywhere near that. to get 220 we are looking at a loaded spider with every option and less than 1k miles and typically that is a 15 Lots advertised though... most advertised at the ferrari stores are consignments so lots of room and Zero cost to the dealer... plus the show the tax credit on the sale to the customer and store it for the F8 or whatever else they have coming in. Nice little perk
Yes consignment cars are what I’m seeing mostly. My guess is the closer we get to delivery of those F8, the more realistic the prices will become.
Not true. 2013 more miles then mine just sold Cauley full boat 219. The strong cras will always find the right buyer. Bottom feeders always on the come lookin to save $3.00 Prety funny actually!
That is a funny line! The more realistic.. Whatever the price is today is realistic as it is based in reality Look at the S&P, it was overvalued 5 years ago so many went to cash waitin for a more REALISTIC...... price point! Same fantasy that cost millions lots of money.
I think “more realistic” is Jim’s code that he expects lower prices. The market prices are always “realistic” when sales are being made at those levels. Folks who want to buy at a lower price level tout higher prices as “unrealistic” because it is more than they want to spend at that particular time. The same is true of the term “overvalued” relative to the stock market. Those using the term just mean they don’t want to buy at the present market price levels because they expect lower prices in the near term. We all know prices go up and down based on future expectations and half of us are right all the time. I just wish I knew how to be in the correct half a lot more of the time. So I would offer that those kind of terms are sort of meaningless relative to the market place/prices but are more a reflection of our own individual expectations. IMO
The 458 and even moreso the 458 spider is a beautifully perfect fcar and has been a resale monster since it hit the market. But the downward pressure had to take it's toll eventually.
Um, I'm glad? What was funny? I turned down a 458 spider I've been waiting six years for because the owner is convinced it's only depreciated 30% since 2013. He probably won't sell it during the season and will probably end up selling for $40k under his asking next year. It's going to take him all summer to come to grips and by then it'll be too late.
Those are two completely different things. One is an investment with virtually zero maintenance and the company doesn't put out better performing stocks the next year. It's a 458. They built 20k cars. Even the 458 speciale aperta has slid back huge from asking prices just 6 months ago.
This has turned into an interesting thread given we are all experts here I like to think F-Chat is one of the best places to sell a Ferrari and if you simply cannot get the asking price you want it's listed to high for the non-dealer market. It's not rocket science gentleman and everyone drinks the Kool Aid at the dealer. P.s. Chupee your 458 is beautiful I hope you find it a good deserving home. Sent from my ONEPLUS A6013 using FerrariChat.com mobile app
