A 2021 update: “Used 488s now cost less than 458s as customers value the naturally aspirated V8” https://www.carscoops.com/2021/03/used-ferrari-488s-now-costs-less-than-458s-as-customers-value-the-latters-naturally-aspirated-v8/ Kind regards, Nuno.
There’s a reason I kept my 458 spider when I bought my Pista. Love them both for completely different reasons. The 458 sound NEVER gets old! Image Unavailable, Please Login
The sensational headline is not really confirmed by the text of the article though (which rather presents 458 prices close to 488 ones) - and one has to remember that Ferrari introduced the 488 with a very limited markup over the outgoing 458 (2015 was another era for Ferrari), so that potentially many latest 458 could have higher MSRPs than earlier 488 (depending on options) and then there could also be some mileage factor. The funny thing is that the same used car price for a 488 and a 458 that results in bashing the 488 for poor value holding and praising the 458 for exceptional value retention may actually represent exactly the same depreciation (which is not great btw). I noticed that "actually" is not a significant word for many 458 fans though
The article makes use, among other things, of two very specific examples coming from reputed and official Ferrari dealers. I see no sensationalism or hearsay here, but I do see examples, values and credible sources being used. I guess with the 458 vs 488 values it’s one of those things... First it was “time will tell”. Now, time is telling. And yet somehow it doesn’t mean anything. Maybe it never will for some Kind regards, Nuno.
488s are still priced higher by a good bit. Do your own search for confirmation. Will they ever cross? Perhaps the best 458 against a lower 488.
This makes sense. A very highly optioned with low miles 2014 458 in a good resale colour will naturally be worth more than a low option high mile 2016 488 in a poor colour. Whether the car is NA or Turbo doesn't enter the equation. This article is a total load of bull.
Completely agree. Of course there will be an element of crossover between later 458's and earlier 488's dependant on colour and spec. Both models were produced in large numbers and were very similarly priced. Not a great article in my view - and a fairly misleading headline.
Has no relevance here in Australia as there are only 2 !!! 458 for sale with high mileage. Also the list for the 488 GTB came in at about $55,000 less than the 458. Actually the 458 came here MUCH dearer as the AUD was 1.10 USD . At that time it was better to buy an investment property
Thanks for that @MANDALAY that actually puts things in much better perspective. I am in the market for a 458 spider (in Aus) and have been following the market quite closely for some months. After reading all the comments here and elsewhere I started to believe the whole ‘458 has cachet as the last naturally aspirated V8’ thing, but maybe the real reason has more to do with initial values .. at least here in Australia anyway.
Pretty hard to find a 458 , well decent one. Even when you look at the 488 GTB an 18 model at least its still has factory warrantee , fair mileage 5,000 km - 7,000 km they are at 480 k then add stamp duty. The only car coming close to a one owner 458 is a 488 16 with double the mileage. But if your after a spider good luck. Supple and demand. There is only one for 600 k in W/A , Crazy , wholesale luck it its 300 k
Seems to be very misleading. I just spent some time browsing, and I find it nearly impossible to find a 488 GTB below 200 usd. I did find one, this high mileage 2016 car in Miami. https://www.cargurus.com/Cars/l-Used-Ferrari-488-Miami-d2333_L5213 But other than that they seem to be in the 210-240 range. The only 458 Italia I could find at 199 was a late model highly optioned garage queen with less than 3k miles on it. Most 2013 cars and up seem to be in the 165 185 range. Here where I am, there's an equally sized delta between them, if not greater. Sent from my SM-G930F using FerrariChat.com mobile app
I think it's all about the slopes of the two depreciation curves for the same duration of time. How soon the two curves intersect remains to be seen, yet with F8 pressure, the 488 faster than expected depreciation rate is unfortunately obvious whereas 458 did not have such pressure as protected by the fact that it was the last NA V8 with sound untempered by the GPF regulation. All great cars, no doubt, here we are simply talking about the market analysis alone.
Is there such a thing as a beautifully specc’d low mileage 430 commanding prices close to an average specc’d 458?
Usually average spec Ferrari's run at wholesale auction as there's little hope for high spec cars to get a decent dollar. Below is a list of 458's and 488's one can assume the 458 is closing in on parity with 488 which IMO will one day lead the 458 to overtake the 488. Plus the fact that fewer 458's running at auction means folks are holding on 2015 458 coupe 4/8/20 $195,000* 3,206 - - 8CY/A Red Regular West Coast Riverside 2016 488 coupes 7/31/20 $194,000* 2,583 4.8 8G/A White Lease West Coast Nevada 6/11/20 $199,000* 5,190 4.9 8GT/A White Regular West Coast Riverside 6/10/20 $199,225* 6,075 - - 8CY/A Red Regular West Coast San Francisco Bay 4/8/20 $185,000* 5,062 - - 8CY/A White Regular West Coast Seattle