^ that is incredible. I'd say a sign that low mileage is coveted, more than the market is strong again in general.
Interesting to me, the hood was replaced, so hood, suspect part of front was repainted to blend in. All up front with seller. All wasn’t indicated in Carfax. Tells me, Carfax is over exaggerated with potential minor work. But is more of a negotiation point for prospective buyers.
The car had a 340K new price and the buyer just paid 301K with the 5K Bat commission. The car is beautiful. I totally understand lusting after this car. At some point in life, some people just decide they want something and who cares if they paid too much. For some reason Ford GT's sell for double or triple what they cost in 2006. IS everyone paying too much, or have people just decided they want what they want, I'd be totally satisfied paying sixty to seventy thousand more dollars for this car, than I could maybe sell my almost equal list price 2013 RED 458 Spider, with slightly higher miles. Frankly I'm tired of RED Ferraris. Love the different, more rare colors.
2013 458 Spider w/1.6k miles just sold at auction for $330k USD https://www.mecum.com/lots/1106690/2013-ferrari-458-spider/?aa_id=540808-0
My goodness. 1611 miles in over a decade. Words fail me. And I really like to talk, even when most of it is nonsense.
Prices on 458 appear to be trending back up from their post covid lows. The other interesting thing is that there don't seem to be as many 458's for sale as other models, both older and newer; this is especially true among Ferrari dealers that are selling used models. When a dealer gets one they seem to fly out the door. All this is positive news for 458 values and I believe they will continue to trend up. IMHO
As someone who recently bought a 458, I really struggled to find any "good" spec ones below 195k. To me good spec meant carbon buckets, front lift and carbon LED steering wheel in a non boring color so red, yellow, blue, etc but not silver/gray/black. What were the post covid low prices in your opinion?
Precisely. This is a car that will fetch a premium when it’s optioned right and taken care of. They made a lot, but they didn’t make them all gems. And I for one don’t want a non-gem, hence people like us willing to pay a premium. I looked for my exact spec for years and snatched it up as soon as I found it. And now I don’t envision ever selling it. As a good example - 5years ago, I also couldn’t find any proper spec under around 195k either, ironically. 5 years later, that same # holds true, and the exceptional examples fetch much more than 195k.
sure it is. did you read the rest of the post which provides critical unique context and factual experience purchasing, specific to the 458? Or were you just so excited to reply with a sh*tpost, you missed that part? ✌️
This might be due to the fact that we aren’t selling them anytime soon. I have a spider and many of my friends have spiders and not one of us has any intention of ever selling them.
This is +/-$10k from where they were selling at retail in Fall 2019 when I was looking....so more room to decline, which I suspect they will.
It's actually interesting there's only 54 458 Italia's for sale on Autotrader which seems to be a very small number compared to production numbers. I also track the GT4RS(I own one along with my new to me 458 now) market which has 64 for sale(about 1800 cars made for America so far with production still going) and the 992 GT3 market which has almost 200 for sale with 5k+ cars made for America. What I've learned from the 997 GT3/RS market is that when there's a small amount of cars available, its much easier for dealers to manipulate the market and hold firm on pricing. This could happen to the 458 market if we ever get to sub 20 cars listed for sale at a given time.
Let's see where this ends up ... 2015 458 Spider with 15k ODO 300k MSRP https://bringatrailer.com/listing/2015-ferrari-458-spider-11/
Good call, real time data is the best. Of note - the spec is what I would call mild - not super desirable, not hated. Examples - no LED wheel/CF trim (immediate decline for 1/2 of buyers), color combo not for everyone, the dash has damage, some questionable history re: ownership gaps. On the positive - 2015, CF seats, lifter, back up cam, reasonable miles. This to me should go for market or slightly above (esp if the right buyer comes along who happens to want that exact spec, which is always a distinct possibility)…but not a strong premium over private party market avg buys. Mild/average, maybe slightly above. If it sells right now at this price, that would mean the cost in depreciation to drive this car for the last 9 years is roughly $99k, or $11k/yr, or $916/month - about what a Kia Telluride goes for. Solid buy!
This car did better than the Red on Tan Spider with only 5k miles. Shows that people now want "unique" colors on their 458's instead of the same red you always see. Carbon buckets also helped I assume since that's a very desirable option to have now.
