296 Values and Used Market | Page 10 | FerrariChat

296 Values and Used Market

Discussion in '296' started by Mrwatchdawg, Aug 31, 2023.

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  1. 1881

    1881 Karting

    Dec 21, 2016
    242
    that was referring to US market, UK market always different, it's over supplied and hence one of the worst performing ones...good references are the Pistas, they are all under in the UK while over in the US
     
  2. Art138

    Art138 Formula 3
    Owner Silver Subscribed

    Nov 22, 2007
    1,541
    Ft. Lauderdale
    Well not really; take the Ford GT 05/06s (supercar),they have consistently been selling in the 400k dollar range (low mileage). Does not matter summer or winter they have been getting top dollar. The money is still out there.
     
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  3. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,129
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    There's a red/white stripe here, guy wants $500k...
     
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  4. RoadRonin

    RoadRonin Formula Junior
    Silver Subscribed

    May 18, 2020
    518
    San Francisco
    Same. Love this color and the comments on BAT demonstrate that lots of other people appreciate it as well. It’s on my short list of colors should I spec another car.
     
  5. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    Those could be Mule cars.
     
  6. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    The are not. They are primarily from customers who ordered both the GTB and GTS with the intention of keeping the spider. (At least 15 of the ones listed are that)
     
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  7. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    #232 boobernackle, Dec 19, 2023
    Last edited: Dec 19, 2023
    You literally just wrote a perfect example of what was referred to.
     
  8. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,129
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Your screen name still makes me giggle after 7 years.
     
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  9. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    Sorry. Wasn’t familiar with that being referred to as a mule car. If that was what you referring to then you would be 100% correct. (I know as I just bought one of them and shopped almost every one listed).
     
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  10. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,129
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Did you keep the F8? If I can ask, why did you sell the 765LT? I see/read that it's pretty stiff suspension, but so many reviewers exclaim that it's "the best car" they've ever driven.
     
  11. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    a mule car can mean many things, dealers will come up with any excuse under the sun to make it seem like the customer was gifted the opportunity to own a car. A mule customer helps the dealer in many ways and they get to then sell a car at the forgoing market price.

    A mule is a "hybrid".... not a real customer per se, I do not mean that in a derogatory manner at all. Dealers do many things that makes financial sense to them, that's just the way the industry can work.
     
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  12. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    Got it. Very familiar with the games/I mean process. Been down that road many times. (Did the old buy an 812SF to be eligible for the Pista trick).
     
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  13. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    I traded the F8 for the 296. I go thru a lot of cars and only have space for 4-5 at a time. I’m actually looking to pick up another 765lt. (Coupes are closer to msrp again). Got rid of mine as it was jinxed and had a number of issues with it. The issues snowballed into other problems with the car and just bailed out (was actually able to make a nice profit for once, so it softened the blow). Loved the car but it was very “raw”. The suspension is stiff and it is set up more for the track than the road (other peoples opinions may differ). The 765lt was ridiculously fast but in my limited driving of the 296, the day it arrived, the speed felt comparable.
     
  14. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    You got away easy on the Pista, some had to buy Lussos!
     
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  15. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,129
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Lussos were fairly price stable, after that initial $100-170k drop. ;)
     
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  16. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,301
    East
    I dont get how 40 296's are already for sale. How many could have been delivered already? 200? 300? Why waste your time flipping through versus enjoying the car? This is not a good sign for this model, if it was that good people would be holding on longer. I dont get it.
     
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  17. As noted up above, "mules"

    Even Ferrari dealer principals have to eat.
     
  18. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,301
    East
    I get it but that's high number for a new model. I've driven the car, it is pretty darn good.
     
  19. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    From the few people I spoke to whose were for sale, they had every intention on buy both with the thought of there being 8-12 months in between the coupe and spider. They would drive the coupe while waiting on their spider. However the timing was shorter and they just put the coupe up for sale after the 6 month wait and drove the spider (and didn’t even drive the coupe). Another customer needed to buy the coupe in order to be eligible for the spider. If you notice most of the ones for sale are delivery miles only so I don’t th I it’s indicative of them being driven and not enjoyed but rather a mule or a flip.
     
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  20. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,301
    East
    I dont believe the GTS's have shipped in the US as of yet, supposedly next year some time. These are flippers, they got an early allocation and history shows you can make some money and the dealers are playing along these days. It cant be enough money to the buyer that it would matter but for the dealer it could add up. Problem is they've flooded the market so mark ups will be wiped out.
     
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  21. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
    2,804
    USA
    Full Name:
    Max
    Yes, GTSs are being shipped and are being delivered. We own one. US based...

    What the above poster stated is correct. In the past GTBs came first then GTS's. The dealers required a GTB before you were offered a GTS spot. With the 296, allocations were available for the GTB and the GTS at the same time. I am sure in larger very competitive markets (Dallas etc) the dealers still wrangled the buyers into the GTB to get a GTS game and had them order BOTH at the same time. The GTB order went in first...was delivered first, GTS then arrives....GTB is for sale. Smart Ferrari owners never 'flip' a new Ferrari. If you do, you aren't offered more new Ferraris.

    Ferrari 296's are a massive success. Remember, Ferrari SOLD OUT of 296 allocations almost immediately when the order books opened. There are no more new 296 allocations unless Ferrari decides to make more cars. Ferrari won't given the other models they are producing and their capacity issue. Dealers have back logs of hopeful 296 buyers who want to order a new 296. Would be buyers who are 'speccing cars' now are going on the 'hopeful buyers' list not an actual order.

    The fun question is what will the 296 VS/ Pista etc cost? With the average MSRP for a 296 GTB into the $400k range wanna bet a 296 VS is in the $600k range...the effects of inflation and supply and demand on the pricing of everything is truly mind bending. Remember when $100k for a car was all the money?
     
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  22. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
    6,032
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    A buddy ordered 296 GTS and GTB. He received his GTS a month or so ago and never received his GTB. Strange.
     
  23. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
    6,032
    Scottsdale/Pittsburgh
    Full Name:
    Jon
    My guess is VS base price is $430 and options easily push into the 600’s
     
  24. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,301
    East
    Primarily a success because anyone could get one and now this is what you have. I didn't realize the GTS is shipping already, I have received any updates on mine.
     
  25. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,410
    Tampa, Fl
    Not correct. Plenty of GTS delivered and being driven around in the US.
     

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