296 Values and Used Market | Page 12 | FerrariChat

296 Values and Used Market

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

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  1. Pastaboy1980

    Pastaboy1980 Formula Junior
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    Mar 31, 2023
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    Rolling Hills
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    Fra
    How much over sticker will I get for my 296 Taylor made 646k msrp?
     
  2. Pastaboy1980

    Pastaboy1980 Formula Junior
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    Mar 31, 2023
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    Rolling Hills
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  3. Kmaaq

    Kmaaq Formula Junior

    Jul 26, 2019
    732
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    Khalid
    Around 646k + some pasta
     
    IvanRico and Pastaboy1980 like this.
  4. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    771
    Not in US
    Because this car was a different car , all the GTB’s in the dealers are black (Nero) yellow (giallo) or Rosso imola . Sometimes uniqueness pays off
     
  5. Jo Sta7

    Jo Sta7 F1 Veteran
    Rossa Subscribed

    Oct 13, 2015
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    I agree with this. I think I’ll change from Rosso Imola before I have to lock my spec in. The other reds might be much more expensive but they’re worth it for resale. Also considering blue…
     
    KL runner likes this.
  6. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    725
    Los Angeles
    lol. that might be a challenge. But obviously you didn't do a spec like that with resale in mind.
     
    blkdiablo33 and RoadRonin like this.
  7. Adam Greenberg

    Adam Greenberg Formula Junior
    Miami 2018

    May 12, 2018
    305
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    Adam Greenberg
    danielinCO2, IvanRico and easy2speed like this.
  8. Gh21631

    Gh21631 F1 Veteran
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    Feb 24, 2011
    9,302
    East
    Still not worth that sort of premium with so many for sale, it's a commonly available model.
     
    boobernackle likes this.
  9. I am going to bet dollars to donuts that the "buyer" of that 296 backs out, and we will see this purple 296 up for sale sooner rather than later by the same seller.

    Speedway1 (the winning buyer) is brand new, only bid was for this 296.
    https://bringatrailer.com/member/speedway1/
     
  10. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    725
    Los Angeles
    I thought the same until I read the comments. Check them out, there was a story. Whether it's true or not will be the question.
     
  11. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    725
    Los Angeles
    Go look on Cargurus at all the available 296's. Every single one is black/red/white/yellow/blue, all pretty basic and bland resale specs. And most of them are 50-100k over msrp as well. 75k over with BaT premium isn't that much IF you love the spec, and there is no question that was a unique car.

    I'm not qualified to say what "market price" is exactly. But this one doesn't seem crazy.
     
    Defender 90, Chill47, ryalex and 2 others like this.
  12. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
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    Max
    and these are all GTBs. Not GTS's.
     
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  13. Gh21631

    Gh21631 F1 Veteran
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    Feb 24, 2011
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    A color may influence the price but it doesn't change the value by that much and the asking prices are just that. Those cars dont seem to be moving too fast. I bet most are on consignment so the dealers dont care but depending on the seller they might be so expect to see some good discounts from asking prices. 40 cars for sale for a brand new model is not good for resale.
     
  14. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    9,302
    East
    I am betting the GTS's will do much better on resale for longer but who knows.
     
    Dino_Argento likes this.
  15. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    725
    Los Angeles
    they will be much more rare for a while. My understanding is that over the entire production run there will be roughly as many GTS as GTB.
     
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  16. Pastaboy1980

    Pastaboy1980 Formula Junior
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    Mar 31, 2023
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  17. Pastaboy1980

    Pastaboy1980 Formula Junior
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    Taylor made cars you pay up
     
  18. Jo Sta7

    Jo Sta7 F1 Veteran
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    Oct 13, 2015
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    spec dependent
     
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  19. Pastaboy1980

    Pastaboy1980 Formula Junior
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    they don’t build it the exact way you want lots of carbon lots of money
     
  20. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
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    guys, also keep in mind that Ferrari wants you to have a current generation Ferrari in your garage to have continued buying status. I have heard this from 3 different reliable sources. Trade the current car when the new one arrives or pre-trade via consignment, but you can be Ferrari-less.
     
    ryalex likes this.
  21. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    I hear what you’re saying, but that’s mainly the dealer who wants that. If you have a desirable trade, you have a better chance of getting a new one.

    Allocation shenanigans for regular production cars is handled by the dealer GM. Dealer makes money in multiple instances, they will look to the party who brings in the most revenue and profit.

    Remember, the Lusso requirement to buy a Pista was only from the dealers, not the factory. People were offered allocations without a Lusso once the gig was up. Ferrari only mentioned on a factory slideshow that the Pista presented a chance to “upsell” their clients. Some dealers took that opportunity and ran with it.
     
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  22. Dsald

    Dsald Formula Junior

    Mar 12, 2022
    313
    Full Name:
    Chris Johnson
    I am on a cars.com email list for the 296's, I am pretty surprised how many price reduction notifications I get daily. Much more than the f8 spider list I also subscribe too.

    The other thing I find odd is that a lot of the 296's listed are under 500 miles. 22 of the 38 cars listed have 500 or less miles on them.
     
  23. SECRET

    SECRET Formula 3
    Owner Rossa Subscribed

    May 19, 2007
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    Ferrari Tifosi
    Likely Ferrari owners working their way up some list.
     
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  24. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    725
    Los Angeles
    To be fair, some of them were listed WAY too high to start. The people that thought they were going to get 150k over were crazy, especially given how expensive the 296 is to start and where interest rates are. Those have been reduced over and over, and still have room to go. Actual selling prices on the GTB is about 50k over, and even less on big windows.

    I’ve been watching F8 spider prices as well (vested interest as I own one, but it’s not being sold). Seems like the coupes are now under window or slightly over depending on spec, year, miles. Spiders still well over (50k-ish) in most cases, but remember they were super impacted by Covid and really trickled out slowly. The last of those are now delivered and that will increase the amount on the market down the road.

    the days of everything being over sticker are over, look what has happened to Romas, SF90s, any Aston, most Lambo and McLaren, etc. it’s getting back to normal.
     
    Dsald, mkraft3003 and Chill47 like this.
  25. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,129
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    That’s definitely the trend. Did anyone else notice the very low bids on the whole “Ed Bolian collection” on Sotheby’s yesterday? I think he sold 3 of a dozen cars… and the listings that did not meet reserve disappeared completely (which is an obvious difference from BaT which keeps all no sales listed forever, and with every bid visible - full disclosure helps gauge the market better).
     
    blkdiablo33 likes this.

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