First 296's Appearing for Sale

I've got a 296 GTS allocation, but not really expecting this to last tbh - mine is a late car and I'm guessing these will be sat a few thousand below MSRP by that point, i.e expect depreciation. They're going to make tonnes of them.

 

They are going to make tons of them? I don't think so. They don't have the production capability to make tons of them, ie. many people who ordered early cars won't see wheels on the ground until late 2023, so when will they be making tons of them? I ordered in Nov. 2021(GTB), I am well beyond number 15 at my dealer, realistically I am not seeing a car in the first half of '23, maybe not next year at all?

 

a fair price I think, nothing worse than having to wait

 

Through Sept 2022: 216 delivered for EU+UK:

https://carsalesbase.com/europe-ferrari-296-gtb/
Car sales statistics are from the following countries: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland

 

I mean, my order went in just a few weeks ago for a GTS. Was told as late as a couple of weeks ago that they were still taking some deposits, albeit tentatively. So the car is reasonably freely available for whoever wants them. Bear in mind I have no prior purchases from the dealer, just a walk-in off the street, with other supercar brands under my belt. To me that says it'll probably depreciate a little. But as a future owner, I am with you all in hoping it doesn't lose any value!

 

you really think so? I have an AF coming and its $477k, I have a hard time seeing this car being worth even $477k much less $577k. That's just me but I track mine so I don't really care.

 

Correction: the STO is better in every sense - NA v10, phenomenal sound and looks. Faster and newer dot make a car better. I know which one I would rather have IMO. Why would Ferrari be testing one at Fiorano?

 

Lamborghini also tests Ferraris. It is standard practice throughout the industry.

 

The STO is claiming to be a radical version, which the 296 range currently lacks because the Fiorano package is not going that far.
This being said, I am more and more doubtful about these so-called "specialised" versions; with the current technology, cars can really be very versatile and the "special" versions begin to look like marketing exercises with more ostentation than substance.
The tyres are almost the only element that is really forcing a choice - but then you could put Cup 2R on a regular version (if you don't care about usability on cold or wet roads) and it would probably outperform the so-called track-oriented version on track if it were on road tyres.

 

I mean it's all subjective, but to me the 296 is a far better car then the STO. I had a LP-610 and it was okay when it was stock (it was much better after I TT'd it), but the fact is the Huracan is a 9-year old, already outdated chassis, and the STO is just a hopped-up version of it. Definitely inferior to the 296 in essentially every way.

 

See my issue is this, financing is done. It’s over 8% now for tier 1 credit and combined with the cryptocurrency crash a lot of the hot money in all these cars is gone. We will see, the 296 is an amazing car, I just felt I was way overpaying at $477k but that’s more me wanting a custom color($32k) but they’re so pricey I feel like they’re gonna struggle to even get Msrp after a few months. I hope you’re right

 

I don't really think people are cross-shopping a 296 against an STO.

One is a turbo V6 hybrid and the other is a NA V10.

One is more GT, the other a focused track weapon.

Cross-shopping these two cars is like choosing between caviar and lox. Both good, but different in taste and use. Even though both are made from fish.

 

I’d argue a 296 af is more of a track weapon than an sto

 

I take back what I said, if the gt4rs is $350k the 296 will be much much much more
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That's what I'm trying to illustrate with my point. I can't buy a GT4 RS walking in the door of a Porsche showroom. The 296 is a completely different bag. Any car that is freely available will probably depreciate. The 296 isn't a limited edition car. It'll depreciate. I'm going in with my eyes open on that one.

 

Sure, of course you can, but you'd be wrong.

 

I had a 2011 gt3 rs, this is a special car hard to see not getting 75k mark up just like the current F8. Inflation is everywhere do you see the price of steak coming down as well

 

I am kind of expecting at least +120-150k over MSRP for early 296 here. Makes me wonder how bad the economy is in Europe right now. Also, how these sellers are getting around the first refusal contracts (or are those illegal in EU?).

 

296 12 months ago would sell for $650k now it will sell for $25k over. But it’s not depreciating 10%.

 

I do not think there are any contractual bounds in Europe for the buyers of a regular Ferrari (such as the 296).
As an indication on the market, some dealers (including Ferrari dealers) are now proposing 296 at asking prices about 20-30K euros over their list prices, meaning that the initial buyers do not loose any money but are not making any either (as 20-30K is probably the dealer margin).
The 296 is not (yet?) sold out in Europe, so for a potential buyer the choice is to buy at a reasonable premium (advantage: no wait time, drawback: no personal configuration) or to wait (drawback: at least 2 years wait time, advantage: on-demand configuration) - given this alternative, the premium has to be limited.

 

The 296 is not "sold out" anywhere, it just entered production and the factory likes to keep a lid on allocations that carry past 2 years. I predict the 296 will remain in production, in various forms (GTB,GTS,M,VS,etc) for at least 8 years (until 2030)...and at somewhere near 3000+ cars/year production (I presume), demand might be satisfied...presuming the unresolved hybrid gremlins impacting the SF90 do not appear, if so, they will be hard to sell regardless of price.

 

Agreed. Having been on the track (with the Lamborghini test driver) I can vouch for the fact that as a track car it easily outshines the 296. Lighter, aero (down-force) and the sound - WOW.

Its also really tiring hearing about the design etc being 9 years old. 911 is 50 years old, Ferrari 458-F8 is a 10+ year span, McLaren MP12-765LT, 10 years. How else do bespoke car companies get a ROI. I would take a Pista (which I had previously) before a 296 any-day if I could pick only one.

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