458 vs 488 resale parity ?? | Page 2 | FerrariChat

458 vs 488 resale parity ??

Discussion in '458 Italia/488/F8' started by F2003-GA, Jan 3, 2019.

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

  1. Eilig

    Eilig F1 Rookie
    Rossa Subscribed

    Aug 31, 2001
    3,500
    Full Name:
    Cavallo
  2. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
    I actually sold a 2014 458 spider with 14k miles to a ferrari dealer for their stock in July 2019 for £150k so they do sell, I replaced it with a loaded 2015 with 3,600 miles for £173k around the same time
     
    AlfistaPortoghese likes this.
  3. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    Both times a very good deal if you don’t mind me saying so, Pete.

    Kind regards,

    Nuno.
     
    PTG1 likes this.
  4. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,339
    East
    Thank you for posting something real. Too bad most skip over it.
     
    boobernackle likes this.
  5. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    4,366
    after driving the 458 and the 488 i forgot about the 458
     
    FerrariTexan, Napoli, ScottS and 4 others like this.
  6. scott61

    scott61 F1 Rookie

    Feb 11, 2004
    2,606
    North of Boston
    after looking at the 458 and 488 i forgot about the 458 :)
     
    FerrariTexan, Napoli, gmo28 and 3 others like this.
  7. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    4,366
    i agree everything about the 488 is amazing
     
    scott61 likes this.
  8. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    4,366
    #34 blkdiablo33, Apr 16, 2020
    Last edited: Apr 16, 2020
    the front of the 458 looks aged rear still looks good but the 488 hot damn all angles
     
    Napoli and scott61 like this.
  9. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
    I'll never give up a 458 spider, was my first ferrari, ok so I bought 3 of them and kept 1 but, I learnt my lesson that some stuff should be kept from selling my first rolex I ever bought for myself. I should have kept it just for nostalgia purposes, I always now try to keep anything I think I'll later miss, still miss my first Bentley but, defo not my first Porsche lol
     
  10. Dontbethatguy

    Dontbethatguy Karting

    Nov 25, 2017
    68
    ATX
    I think there are a few factors affecting the value of the 458's, one being sound. I drove the 458 and 488 back-to-back before I bought my 458 spider. There wasn't enough difference in the cars aesthetically to justify the price jump of the 488 to me. This was nearly two years ago. No doubt that the 488 is faster, but I own a dozen cars. I wasn't looking for the quickest in a straight line, even though I'm a drag racer by heart. My 458 with an IPE exhaust makes sounds that make me laugh and smile every time I drive it at WOT. I LOVE pitching the car into corners, and part of the fun is also the fact that you can flat-foot it more than you can higher HP cars. I had an F12 at the time when I bought my 458, and once I got the 458 I found myself getting in the F12 less and less. Ultimately sold it for a GT2RS. I still find myself getting in the 458 spider more than I do the GT2 RS. Part of that is because the top goes down, but the other is that the car is so well balanced and just sounds incredible. I do keep eyeballing the Pistas, but I could only get rid of the 458 spider if I replaced it with a Pista spider. But, just because you can doesn't necessarily mean you should. But, there's another thread for that.

    The 488 is an incredible car, and if I were buying one today I'd likely buy a 488 because they're a lot more reasonable than they were two years ago. But, since I already have my 458 spider that I love, I'm not willing to get rid of it for a 488 spider. I'll miss the sound way too much, more than the difference in power. The car does everything so well for me that it's likely a keeper for a long time. It's also my mother ship calling me home with black on red. I have a '62 Lincoln Continental convertible in similar colors, which makes for a cool pic. :)

    Trevor
     

    Attached Files:

    Mikael-F360, IloveGT, jm2 and 6 others like this.
  11. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    Great write up and garage, Trevor! Keep enjoying in good health!

    Kind regards,

    Nuno.
     
  12. Jo Sta7

    Jo Sta7 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,921
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    My last 458 was red. I’m looking for another, found a ‘14 grigio titans for a great deal. Mint condition, 1 owner. Full PPF. What do people think about GT for the car? I’m not that worried about resale I’ll lose 20k max on the car at the price I’m going to pay.
     
    blkdiablo33 and PTG1 like this.
  13. ScottS

    ScottS F1 Rookie
    Owner Rossa Subscribed

    Mar 2, 2004
    2,900
    Winter Park
    Full Name:
    Scott S
    GT is great for any Ferrari.


    @humdizzle also shows another dimension that y’all gloss over. Who is selling matters. Why would that well specc’d 458 sit at that price ? Private sales of ten year old cars have a more limited audience.

    No matter what y’all say, many here finance for whatever reason. Prices and money are linked T dealers and Ferrari dealers have the majority of aspirational buyers which is who many 458 buyers are.

    I love the 458. It is the first digital Ferrari. My 430 is the last analog one. But it’s a little dated and about to get more dated no matter what the prices are. 488s are cheaper relative to their MSRP for multiple reasons. And the only downward price pressure we are seeing on 458s is in the private sale market.


    Sent from my iPhone using Tapatalk
     
  14. dustman

    dustman F1 Veteran
    Rossa Subscribed

    Jun 12, 2007
    9,070
    That’s a good car, I came close to getting it.
     
  15. Jo Sta7

    Jo Sta7 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,921
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    I sealed the deal this morning. Wires out Monday. Looking forward to it.
     
    F2003-GA, Avia11, IloveGT and 3 others like this.
  16. Eilig

    Eilig F1 Rookie
    Rossa Subscribed

    Aug 31, 2001
    3,500
    Full Name:
    Cavallo
  17. noone1

    noone1 F1 Rookie
    BANNED

    Jan 21, 2008
    4,612
    Los Angeles
    Full Name:
    Mike
  18. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    4,876
    France
  19. Dicecal

    Dicecal Formula 3
    Silver Subscribed

    Nov 15, 2015
    1,804
    Phoenix, AZ
    Full Name:
    Rob
  20. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    Give it time. We’ll get there. The 355 also took its time, but then took off compared to the 360 ;) Or the 328 compared to the 348.

    And neither car benefited from this:

    https://www.ferrarichat.com/forum/threads/458-slowest-depreciating-car.550027/

    No one knows what tomorrow will bring, but I’d say if there’s a car with appreciation potential, it’s the 458. Depends on how long you’re willing to wait.

    Love a Giallo 488. The blu interior is awful for my taste, but it is what it is: just taste. My guess is that that car found the right buyer, because that’s an usual, personal spec. Not very representative of the market in general imho, as other members pointed out.

    Kind regards,

    Nuno.
     
  21. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
    Gh21631 likes this.
  22. IloveGT

    IloveGT Formula 3
    BANNED

    Oct 17, 2015
    2,419
    pictures! congrats!
     
  23. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,339
    East
    Congrats and that's a great color.
     
  24. Jo Sta7

    Jo Sta7 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,921
    Scottsdale/Pittsburgh
    Full Name:
    Jon

Share This Page