2018 488 GTB purchase/value | FerrariChat

2018 488 GTB purchase/value

Discussion in '458 Italia/488/F8' started by TopNG, Nov 26, 2020.

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  1. TopNG

    TopNG Rookie

    Feb 20, 2019
    2
    Oceanside, CA
    Full Name:
    Alex Ng
    Hi all. Please advice your valuation/remarks for this 2018 Ferrari 488 GTB.
    https://southbay.ferraridealers.com/en_us/search-used-ferrari/2018/ferrari/488_gtb/2018_ferrari_488_gtb-ferrari_south_bay-ZFF79ALA4J0235292

    2018 Ferrari 488 GTB
    14,242 miles
    has suspension lifter
    warranty expires 8/7/2021 (I plan on purchasing the 4+5 extended warranty).
    List price: $229,000

    1. I would like to begin my offer at $208,000. Is that reasonable? What is your price value for this vehicle?
    2. Please list any discrepancies you see in this vehicle. Thanks!!
     
  2. MANDALAY

    MANDALAY F1 World Champ
    Owner Rossa Subscribed Silver Subscribed

    May 23, 2013
    11,082
    AUSTRALIA
    Full Name:
    ANGELO
    I would just say one thing .

    Negotiate the price then when you cant go any lower and your 100% to purchase make them to throw in th 2 extra years FULL WARRANTEE

    There are many 488 GTB fors sale your way , is this what you really like or are you chasing a price ?
     
    TopNG likes this.
  3. pninja005

    pninja005 Formula Junior

    Nov 10, 2010
    469
    Europe
    Over here no discussion about price at official dealers; the sell for the asking price.
     
    FPFaeth and TopNG like this.
  4. TopNG

    TopNG Rookie

    Feb 20, 2019
    2
    Oceanside, CA
    Full Name:
    Alex Ng
    Yes, I really like that one. Agree, I'll negotiate and ask for the 2 years warranty.
     
  5. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,221
    Arizona
    229k way too much for a car with 14k miles.
     
    scuderia-seat, TopNG and FFan5 like this.
  6. mdrums

    mdrums Formula 3

    Jun 11, 2006
    2,220
    Tampa FL
    Better than sitting for months on end or a year like so many do. Rather have a car that is driven and maintained than one that just sits and rots
     
    TopNG likes this.
  7. Stams

    Stams Formula Junior
    Silver Subscribed

    Apr 30, 2020
    494
    Colorado
    Full Name:
    Sean
    Take this for what its worth.

    When I bought my 458 I had a “system” in place based on 458 depreciation for miles and year of manufacture presented on YouTube by four wheel trader.

    When that system was applied I found that most dealers would be 10-15% above what my idea of value was, based on how some dealers valued desirable options.

    There is a video on the 488 from August that may provide some insight. Good luck!


    Sent from my iPhone using FerrariChat.com mobile app
     
    Farbod Farmand and TopNG like this.
  8. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    14,221
    Arizona
    Oh I’m
    Not saying the miles is too much. Good on the driver for driving the car. Just saying asking price is a bit high for a bigh mile car. FWIW there is nothing wrong with a car with buying a car with 14k miles. Nothing.
     
    TopNG likes this.
  9. Surfah

    Surfah F1 Rookie

    Dec 20, 2011
    3,135
    Should be $200k for 14k miles IMO
     
    Gh21631 and TopNG like this.
  10. mdrums

    mdrums Formula 3

    Jun 11, 2006
    2,220
    Tampa FL
    Oh Ferrari’s can’t be driven ...they must fall apart after a few thousand miles.

    If the car was maintained and interior and exterior is spotless clean.... driving a Ferrari or any car 4-5k miles a year is nothing. 14k miles on a Porsche isn’t frowned upon.
     
  11. Doctor Mark

    Doctor Mark Formula Junior

    Dec 15, 2005
    873
    Georgia
    Full Name:
    Mark Gronsbell
    Price seems on the higher end for a model that proves that many current Ferraris can and do depreciate heavily. That being said, if it ticks all the right boxes for you, at this level several thousand should not be a deal breaker if you know that going in. Do your homework on comparable cars and set your max price. If they will not make the deal happen, move on.
     
    MANDALAY likes this.
  12. Condor Man

    Condor Man F1 Rookie
    Rossa Subscribed

    Sep 8, 2006
    4,845
    Los Angeles
    I say the mileage and the color make this look like a car that should be advertised at $215k


    May the Horse be with you
     
  13. Farbod Farmand

    Nov 20, 2020
    17
    southern California
    I'm currently looking for a 488 as well and have done lots of research. Just base on the market and the options on that car, mid 110s would be a good deal....
    Appreciate any input from current owners if there are things of importance a new 488 buyer should be aware of... looking mostly for track use.
     

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