Hunting for an 812? Advice pls.

Jeez, 250k sounds low for an 812SF.


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wow lucky you. That car would be pushing 400k in the us.

 

Not even close with 20k miles.

 

I got a Grigio Ferro with Bordeaux interior 812 a couple months ago here in London. My first Ferrari and joins a 911 Targa GTS which is my daily.
Looked at quite a few before deciding on this one and am seriously glad i went one with the carbon race seats and all the carbon options as its just a piece of space ship level art to look at / be inside. It only had 610 miles so feels like a brand new car still. Its mind bogglingly fast when compared to the 911.
May not be an issue for you but mine has front lifter too - and i use it ALL the time here in London.
Mine doesnt have apple car play which i thought could be an hassle (my 911 does) but ive never once thought about it since. It does have the high powered stereo however which sounds truly incredible so also worth trying to get your hands on.
Mileage wise 20k seems high compared to others that are on sale, but if you're buying it to drive it i'd focus more on the seats/carbon options as you'll benefit a lot from those.
I'd also try and make sure you have warranty, mine had suspension system failure after about 3 days but was all sorted quickly and for free by Ferrari here in London
I heard all sorts of people complaining about the stock exhaust- have to say mine sounds absolutely incredible. I wouldnt dream of wanting to make it any louder!
Good luck searching- very jealous you're on the list of a 911 S/T but if you get a great spec 812 you may find yourself rarely driving it!

 

More like 300k

 

OP, I actually prefer higher mileage cars myself as with low mileage cars you dont know what you are getting. With little to no warranty left, you may be in for a surprise. Cars like to be driven. Sitting cars will have all kinds of issues with seals leaking, bushings going hard, water pump acting up, corrosion building up. I have almost pulled the trigger on a car with very low miles but at the last minute found out its going to need the door sheet metal repair which is very invasive car surgery. My ideal range for miles is 10-12k miles. One of the other cars I almost purchased had its digital display go bad, repair would be 5 figures for a tiny screen (no warranty). I think at 20k miles, you can be sure most issues had to have been addressed. I’d stay away from cars that had the door fix or corrosion issues. All other issues are fine and wouldnt scare me.

Its not easy to find the right car as the ones with more miles seem to exchange hands 5-6 times and move all over the country. Ideal car is a 1 owner car with miles. But I see how unlikely that is because most people who drive that long keep the car forever.

 

whoops look like i miised the 20k miles part. Seems like it would still be $350k but $300k sounds good to me!!!!

 

8-9k mile cars are around $350k list, $340k retail right now. 20k mile cars are list $315k, retail $300k.

Subtract about $60k for wholesale prices. The ferrari dealer’s profit margin is pretty massive on these V12s.

$350k retail, wholesale $290k means if you try to sell it, they’ll give you $280k for it.

 

I wouldnt say US market is very strong. I’d say its stronger than UK. But compared to 12 or 18 months ago, US market has come down quite a bit.

 

Yes because UK has entered into recession and doesn’t have the stock market rally feeding the luxury spending

 

Not all cars and to an extent luxury spending move at the same rate. For instance 911 GT car pricing in US has now gone back up to the levels of summer 2023. C8 Z06 prices however kept declining by a large margin and never recovered. 812 prices had a sharp decline from summer 2023 onwards that slowed down around december 2023. 765lt another benchmark isnt where it used to be. 296 GTB prices have come down quite a bit as well.

In january 2023 and summer 2023 vs right now there are over twice as many 812s in the US. Their prices have come down substantially. I dont dispute UK is faring far worse and US stronger, keyword being “stronger” than UK. Its all relative. But I wouldnt say prices here are very strong. That sounds like its peak 2022 market (i.e 812s with miles going for msrp or $5-10k below msrp) which is totally not the case.

I dont know about UK but in US these completely unnecessary luxury car prices correlate with the stock market, particularly technology stocks. The stocks tank, the super car market stalls. Then stocks go crazy out of nowhere and you can see pending sale signs back to back on several cars that sat for weeks. Not surprising and not rocket science really.

 

I have no idea. Knowing the answer to that would mean knowing what will happen with stocks and I personally dont know.

Regardless though, when F167 is announced, you’ll see many people selling their 812s (via consignment) to get out of them before the market is saturated with even more 812s when F167 deliveries begin next year. So entirely due to supply and demand, I think the 812 prices might decline for a bit. How much of a decline? We have no idea.
If stocks explode in summer or there is war or <insert millions of possible bad world events> the decline will be worse. If all rainbows and sunshine continues, it may not even decline much, in fact it might reverse course.

I personally learned not to let my car buying decisions be driven by prices but rather spec. I have very specific things I am looking for and I’ll buy it when I see it regardless of where the prices are as I will keep this car forever (unless I have too many issues with it).

 

I think most will need to have an 812 in the garage in order to secure an allocation for a F167.

 

Clients could go down the “pretrading” their 812s via consignment route. So they could still trade these in advance and have the dealer hold the funds for a year to secure an earlier allocation.

 

Maybe…but Ferrari knows if the car is in your garage.

 

It could be like must own and cannot sell prior to delivery. Like with SF90 and xx.