488 - Pistas selling for less than MSRP... | Page 58 | FerrariChat

488 Pistas selling for less than MSRP...

Discussion in '458 Italia/488/F8' started by 09Scuderia, Mar 27, 2020.

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  1. BarryK

    BarryK Formula 3

    Dec 17, 2016
    1,160
    Europe
    Full Name:
    Barry K
    Yes I am aware of that.
     
  2. MANDALAY

    MANDALAY F1 World Champ
    Owner Rossa Subscribed Silver Subscribed

    May 23, 2013
    11,048
    AUSTRALIA
    Full Name:
    ANGELO

    Seriously ? Damn .
     
    Ash Patel likes this.
  3. Coincid

    Coincid F1 Rookie

    Dec 9, 2014
    3,577
    Canada
    Then your comment is nonsensical.
     
  4. SLDriver

    SLDriver Formula Junior

    May 1, 2005
    651
    Carl Hartley mentioning Pista's were selling 80k over list, now selling at list. Ouch.

    @ 22:35
     
  5. Art138

    Art138 Formula 3
    Owner Rossa Subscribed

    Nov 22, 2007
    1,488
    Ft. Lauderdale
    Well,if they are selling at list the original buyer can at least get return on invest less VAT.
     
  6. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,209
    Arizona
    What do you mean by "ouch"?

    If you paid list and the car is selling list, where is the "ouch" in that?
     
    LARRYH, Gh21631 and Jo Sta7 like this.
  7. MANDALAY

    MANDALAY F1 World Champ
    Owner Rossa Subscribed Silver Subscribed

    May 23, 2013
    11,048
    AUSTRALIA
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    ANGELO

    Dare say the ouch is targeted at those that speculated. No owner who really wanted one and wants to keep their car would ever give a rats
     
    LARRYH and Bas like this.
  8. Jo Sta7

    Jo Sta7 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,896
    Scottsdale/Pittsburgh
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    Jon
    Pista has no chance of appreciation until Ferrari stops producing them. Depreciation is normal.
     
    LARRYH and IloveGT like this.
  9. SoCal to az

    SoCal to az F1 World Champ
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    Nov 25, 2012
    14,209
    Arizona
    agree but it’s now a 2 year old car. Still selling Msrp. Instead of ouch, I’d say yay.
     
  10. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,209
    Arizona
    Even when they stop making it, I doubt it will appreciate. Likely will drop a little and then level off.
     
    AlfistaPortoghese likes this.
  11. willcrook

    willcrook Formula 3

    Feb 3, 2009
    2,129
    UK
    unless you bought one at £80k overs of course!
     
  12. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,209
    Arizona
    but then you did so cause you really wanted the car money be damned and nothing wrong with that. Anyone paying over sticker expecting to make a profit on a regular production car should take a class in basic economics.
     
    chrixxx likes this.
  13. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
    If you paid £80k over and didn't end up with the hit on the lusso it's the same cost as the guy that got landed with the lusso. If you got away with a Porto instead of the lusso you are ahead
     
  14. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,209
    Arizona
    Or you are like many of us. No Lusso. No Portofino. Just a straight up Pista order at MSRP.
     
  15. ItalianOne

    ItalianOne Formula Junior
    Rossa Subscribed

    May 21, 2008
    614
    Mich
    Full Name:
    Kevin R
    The correct optioned cars are bringing msrp +. A lot of the Pistas that I have see that have come up for sale have been low options cars missing the carbon fiber options etc. ( for example missing the engine bay carbon which I feel is a must) or they spec the cars so horribly, where I would not purchase. Every one has different taste. Something always positive about Rossa Corsa...
     
    MarkTodd, Shadowfax and Gh21631 like this.
  16. Art138

    Art138 Formula 3
    Owner Rossa Subscribed

    Nov 22, 2007
    1,488
    Ft. Lauderdale
    I thought orders had stopped and they were finishing those caught-up during the pandemic shutdown.
     
    Gh21631 likes this.
  17. SLDriver

    SLDriver Formula Junior

    May 1, 2005
    651
    My ouch was @ the person who paid £80k over list.
     
  18. ItalianOne

    ItalianOne Formula Junior
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    May 21, 2008
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    Kevin R
    I thought they were finishing up the convertibles and the coupe is done?
     
  19. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
    Then that is good going, in UK dealers took the absolute p*ss
     
  20. Robert P

    Robert P Formula Junior

    Feb 10, 2014
    358
    London
    I turned down Lusso straight away, then turned down Portofino after some thought, and so if I can pick up a nearly new one for MSRP in the next few months, it will hopefully have been the right call.
     
    Gh21631, PTG1 and Napoli like this.
  21. I heard that the Pista is now worthless.

    Soon will be negative.

    Just like the price of a barrel of oil in April 2020.
     
    Carrerarsr, Gh21631 and SoCal to az like this.
  22. BCHOW

    BCHOW Rookie

    Jun 30, 2005
    49
    Burlingame, CA
    Full Name:
    Benson
    I heard that many times from this forum . Pandemic prices and so on. Still waiting for it to happen.


    Sent from my iPhone using FerrariChat
     
  23. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,209
    Arizona
    lots of great examples out there. Good luck on the hunt!
     
    Napoli, Robert P and Thecadster like this.
  24. Shadowfax

    Shadowfax F1 Rookie
    BANNED

    Jun 10, 2016
    4,066
    Australia
    #1449 Shadowfax, Aug 3, 2020
    Last edited: Aug 3, 2020
    Spot on.

    This is also being evidenced here where the right spec Pista's are all bringing overs (still), and the poor color choice/ poorly spec'd cars are returning under and, well under in certain instances.....but these instances were self inflicted pain at the ordering phase..

    So if one exercises common sense and logic and looks at the physical examples of each car being sold the obvious answer is there without any need to ask what is likely to happen at the sale end.

    Those trying to make something more out of it, by suggesting Pista's are hard to shift and likely to return poorly upon sale without giving any consideration toward each example being sold are only indicting their own stupidity and jealousy toward those currently with (Pista). Again this is also a very obvious, and sad situation.

    The fact being the Pista is now nearly 2 years old as a model yet can still - in the right color and spec - return list price (and more) is a very favorable situation indeed given the current global climate and pandemic situation. Now if ONLY the same situation applied for the mainstream Ferrari models! As an example, my own 488 - a regular Ferrari production model - dropped an absolute bomb in under 2 years outside of a Global pandemic and Global recession, in relatively favorable times. Maybe this type of situation is the reason behind stupid threads like this where those without a Pista are having look down the gun barrel at a big bullet coming their way, so they are hoping and wishing the same will happen to those with a Pista? I'd say so. I put money on it.
     
    Katonk, ItalianOne, Robert P and 2 others like this.
  25. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
    783
    UK
    Full Name:
    Pete
     

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