Rookie question.....perspective/advice appreciated | FerrariChat

Rookie question.....perspective/advice appreciated

Discussion in 'Ferrari Discussion (not model specific)' started by rmlovett1, Jan 8, 2021.

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  1. rmlovett1

    rmlovett1 Formula Junior
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    #1 rmlovett1, Jan 8, 2021
    Looking to buy a 488GTB, The actual beginning price isn’t a huge concern. Looking at two cars.
    -Both at a Ferrari dealer, both similarly optioned
    -both are certified , both red
    -difference......one is a 2016, 359 miles. One is a 2019, 2100 miles

    So...is there an advantage to buying one versus the other?
    Will there be the same depreciation, relative $ wise, when it’s sold/traded for the next F-car.
    Will probably be kept for 2yrs, putting on maybe 2-4K miles before moving on to the next.
    Feel free to give your choice if you were buying...and...
    Thank you in advance for any advice/help.
     
  2. Nospinzone

    Nospinzone F1 Veteran

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    #2 Nospinzone, Jan 8, 2021
    What's the asking price of both cars?
     
  3. rmlovett1

    rmlovett1 Formula Junior
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    #3 rmlovett1, Jan 8, 2021
    They’re about $24K apart
    134k & 158k
     
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  4. Nospinzone

    Nospinzone F1 Veteran

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    #4 Nospinzone, Jan 8, 2021
    I would go with the 2019. You get 3 more years of maintenance (even if you don't use it). And the 2016 has done a lot of sitting, which isn't good.
     
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  5. tomc

    tomc Two Time F1 World Champ

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    #5 tomc, Jan 9, 2021
    Agree with Paul. F cars don't like to sit - batteries, electrical gremlins, etc. 2100 miles isn't inordinate, and a nice amount for 2 year old F car...T
     
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  6. fatbillybob

    fatbillybob Two Time F1 World Champ
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    #6 fatbillybob, Jan 9, 2021
    A newer car will have fewer bugs. Ferraris can drive you nuts. Newer is better always with ferraris
     
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  7. rmlovett1

    rmlovett1 Formula Junior
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    #7 rmlovett1, Jan 9, 2021
    Thank you for the replies. Misquoted the prices......$234k & $258k
    Should’ve mentioned....the 2016 just had a complete Ferrari service in December. I haven’t asked yet, but since they’re both CPO certified....I assume the same had to happen for the certification of the 2019
     
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  8. Nospinzone

    Nospinzone F1 Veteran

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    #8 Nospinzone, Jan 9, 2021
    We all figured that unless these were salvage cars! :D
     
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  9. tomc

    tomc Two Time F1 World Champ

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    #9 tomc, Jan 9, 2021
    I think that is correct. Car should be inspected to qualify for the CPO.
    I will caution you that there is a recent thread where an F-chatter bought a CPO'd F-car and it was not up to snuff cosmetically. So, I would give the advantage to any car that you or a trusted colleague can lay eyes on...T
     
  10. OmegaPO8500

    OmegaPO8500 Rookie

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    #10 OmegaPO8500, Jan 9, 2021
    Was about to say... might have been time to go shopping otherwise lol.


    Sent from my iPhone using FerrariChat.com mobile app
     
  11. anunakki

    anunakki Seven Time F1 World Champ
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    #11 anunakki, Jan 9, 2021
    2019 without hesitation
     
  12. Quietriot

    Quietriot Karting
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    #12 Quietriot, Jan 10, 2021
    Newer is better
     
  13. rmlovett1

    rmlovett1 Formula Junior
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    #13 rmlovett1, Jan 11, 2021
    Leaning that way. Thank you!
     
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  14. ScottS

    ScottS F1 Rookie
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    #14 ScottS, Jan 16, 2021
    Ill bite.

    Very interesting but





    Watch this video.

    I had a 488 spider. Loved it. Steep depreciation ahead.


    In the future more than 3 years from now miles will dominate value for these cars more than year. The newer 2019 will still have maintenance covered and the 2016 will be done. The 458 will be overlapping 488s in value.

    Point is steep depreciation will mitigate against the year effect for residual value. Look at F12s. Miles then equipment with a minimal year effect. The prices of F12 are all over the map with overlap between the year.

    So if the price of a car is not the purchase price but the purchase minus the resale and they are similarly optioned, I suspect the 2016 will ultimately cost less. The only difference is rear camera I believe between the years.

    Get the car you like better but if you are price sensitive, 2016 all the way.
     
  15. rmlovett1

    rmlovett1 Formula Junior
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    #15 rmlovett1, Jan 18, 2021
    thank you for the input/advice. I posted the same question in the model specific section to try and get a perspective from some 488 owners, and the majority agreed...get the ‘19. I was leaning towards that anyway, and after much consideration, that’s what I’ve secured. Being shipped next week, and I added pics on that discussion. Thank you again
     

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