458 vs 488 resale parity ?? | Page 3 | 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. Dicecal

    Dicecal Formula 3
    Silver Subscribed

    Nov 15, 2015
    1,797
    Phoenix, AZ
    Full Name:
    Rob
    Jo Sta7 likes this.
  2. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,325
    East
    Jo Sta7 likes this.
  3. jomarti1

    jomarti1 Karting

    Feb 27, 2017
    77
    S. Florida
    Nice Enjoy it!!
     
    Jo Sta7 likes this.
  4. Jo Sta7

    Jo Sta7 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,896
    Scottsdale/Pittsburgh
    Full Name:
    Jon
  5. cole328

    cole328 Formula Junior

    May 9, 2014
    882
    Congrats broski


    Sent from my iPhone using FerrariChat
     
    Jo Sta7 likes this.
  6. IloveGT

    IloveGT Formula 3
    BANNED

    Oct 17, 2015
    2,419
    I usually don't yell through word, but THIS IS AN EXCEPTION!

    SO HOT!
     
    Jo Sta7 likes this.
  7. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    Mikael-F360, docf, ttforcefed and 2 others like this.
  8. Dontbethatguy

    Dontbethatguy Karting

    Nov 25, 2017
    68
    ATX
    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
     
    IloveGT, Mikael-F360, docf and 4 others like this.
  9. F2003-GA

    F2003-GA F1 World Champ
    Rossa Subscribed

    Nov 2, 2003
    13,066
    Sunbelt
    Full Name:
    Bro
    docf likes this.
  10. Ngcanada

    Ngcanada Formula Junior

    May 16, 2016
    622
    Ottawa Canada
  11. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    4,839
    France
    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 ;)
     
    MANDALAY and WLFerrari like this.
  12. AlfistaPortoghese

    AlfistaPortoghese Moderator
    Lifetime Rossa

    Mar 18, 2014
    3,778
    Europe, but not by much.
    Full Name:
    Nuno
    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 :D

    Kind regards,

    Nuno.
     
  13. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,325
    East
    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.
     
  14. john Owen

    john Owen Formula Junior

    Dec 27, 2018
    444
    Full Name:
    John Owen
    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.
     
    LVP488, Gh21631 and Art138 like this.
  15. Robert P

    Robert P Formula Junior

    Feb 10, 2014
    358
    London
    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.
     
    LVP488 and Il Co-Pilota like this.
  16. MANDALAY

    MANDALAY F1 World Champ
    Owner Rossa Subscribed Silver Subscribed

    May 23, 2013
    11,048
    AUSTRALIA
    Full Name:
    ANGELO
    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 :)
     
    Mrpseudonym likes this.
  17. Mrpseudonym

    Mrpseudonym Formula Junior
    Silver Subscribed

    Nov 7, 2020
    418
    Sydney, Australia
    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.
     
  18. MANDALAY

    MANDALAY F1 World Champ
    Owner Rossa Subscribed Silver Subscribed

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

    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
     
  19. Il Co-Pilota

    Il Co-Pilota F1 Veteran

    May 29, 2019
    6,023
    Hopefully some place nice.
    Full Name:
    A.B
    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
     
    LVP488 and MANDALAY like this.
  20. IloveGT

    IloveGT Formula 3
    BANNED

    Oct 17, 2015
    2,419
    your garage is too small! :)
     
  21. IloveGT

    IloveGT Formula 3
    BANNED

    Oct 17, 2015
    2,419
    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.
     
  22. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,110
    Full Name:
    Stickbones Swagglesmith
    Is there such a thing as a beautifully specc’d low mileage 430 commanding prices close to an average specc’d 458?
     
    Mikael-F360 likes this.
  23. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,771
    only if the 430 is stick...
     
    F2003-GA and italiafan like this.
  24. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,325
    East

    Exactly my point.
     
    Il Co-Pilota likes this.
  25. F2003-GA

    F2003-GA F1 World Champ
    Rossa Subscribed

    Nov 2, 2003
    13,066
    Sunbelt
    Full Name:
    Bro
    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
     
    xfrgtr likes this.

Share This Page