488 - Porsche guy considering a 488 | FerrariChat

488 Porsche guy considering a 488

Discussion in '458 Italia/488/F8' started by rrari76, Mar 13, 2024.

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  1. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    Hi everyone, I’m 47 years old and have been a Porsche guy literally since age 3. Absolutely love the brand and currently own 3.

    I’ve had an itch to own an exotic weekend car and I feel like the 488 Spider may be the sweet spot for me (though I have yet to actually drive one :).

    Couple of questions for the esteemed members of this forum:

    1) It seems like values have come down a decent amount recently, making it a pretty good time to buy?

    2) Is a sub-10K mile spider in the mid 200s realistic?

    3) Should I exclusively be looking to buy via an authorized dealer to get “in the club” and set myself up for future buying?

    thanks in advance!
     
  2. FFan5

    FFan5 Formula Junior

    Jul 7, 2018
    549
    Do it. The 488 is better IMO. Mid engine is so much more fun to drive. But it also takes getting used to having a car where accident damage or lots of miles cost more than a base Cayman in resale value. (You didn't specify, so I'm assuming you aren't a Porsche Carrera GT owner, if you are, ignore us)

    Unless you are wanting to buy a new car, I would buy from any reputable dealer that has the car/spec you want. I live in Texas and have never bought a Ferrari out of Texas. :-D If you are dying to get a new one fast, buy from your closest dealer and than tell them you also want to place an order for something with $200k in standard options, they'll make room for ya then. If you want to buy something both new and special, order one of everything and a fleet of new Portofino's with custom everything so they call you when a special series car is available.
     
  3. 488Julius

    488Julius Formula Junior

    Feb 10, 2024
    427
    Full Name:
    Julius Gergly
    As a brand new owner of the 488 and multiple cool car owner including a 997 C4S I would say the 488 is a great choice.
    Just from my observations, Unless you are a multiple buyer of new F-Car models and vying for a place on the preferred advanced allocation group list, I suggest that you buy from reputable exotic dealers with a good inventory of quality cars.
    From my experience, condition says a lot about how the car was treated and service records help identify if there are any major or repetitive issues that have been dealt with or at least can indicate a trend for a potential bad purchase.
    Higher mileage cars that are well maintained will usually provide for proven reliability.
    Good luck with your search and take pics
     
  4. Steve90265

    Steve90265 Rookie

    Sep 25, 2018
    21
    Nashville
    Full Name:
    Stephen D

    Great line of thinking, you will be glad you got into a Ferrari. As great as Porsche's may be, there is nothing as thrilling and special as driving a Ferrari, and the 488's are in a good price range. I think you may be able to get a 2016-2017 Spider in the mid 200K range. If you think you want to order a new Ferrari in the future, and certainly if you want to develop a good relationship with your local dealer, then you can buy from a dealer as it helps. They can also offer you extended warranty. Don't be afraid to buy a good car on the open market if its a great deal, and checks out on a good pre purchase inspection.
     
    NGooding likes this.
  5. sqweak

    sqweak Karting

    Oct 27, 2014
    82
    Come to the dark side, we have cookies.

    I can't really answer your questions but can give you my impressions as a fellow 20+ year Porschephile. Owned 12ish and have 4 currently (76 3.2 swap, 96 C2, 15 Macan, 16 GT4). Never felt like a "porsche guy" and definitely didn't feel like a "ferrari guy". Long story short (my intro post is overdue), wanted to experience 9k redline for a bit and thought that'd be a GT3 but just when I got to where I felt good pulling the trigger on a custom build/PTS/CXX, ADMs and all the reindeer games the dealers have been pulling priced me out. A driver quality 458 fell in my lap a couple weeks ago in my price range, and I jumped at it.

    So far, I'm smitten. There's been a few hiccups, some aligned with the "high" 36k miles and driver quality and others (like the failing infotainment HDD) not. As I'm now settling into it, I'm having deja vu to my early Porsche days when I suddenly "got it" and understood what all the hype was about.

    I will add that my fears about "ferrari guys" seems to be overblown. So far the interactions I've had on this forum and fb groups seem to be a bunch of great people who love and drive their cars and the tone seems like confrontational than RL. Perhaps if you're enthusiastic enough to be on forums, you're not the sort to be flexing at Cars & Coffee for your instagram feed.
     
    NGooding and Thecadster like this.
  6. Xc17pilot

    Xc17pilot Rookie

    Jul 25, 2023
    16
    Full Name:
    Rick O
    Take the plunge! Like many already replying, I too have a history of fun Porsche 'experiences' ('73 911 (RS conversion), '89 928 S4, '02 911 TT, '07 997 C4S, and current '12 911 TT (all manuals)). I purchased a well optioned 2016 488 GTB with 6k miles last summer, and it has been a fantastic first Ferrari. I went for a purchase from a dealer and wanted Ferrari Approved for a little piece of mind. You won't regret it, just take your time and find the right one with good maintenance history and PPI. Good luck and keep us updated on your progress!
     
    NGooding likes this.
  7. emmholla

    emmholla Karting

    Dec 15, 2018
    239
    As others have mentioned go for it. It's seems the natural car guy order of things goes as follows.

    BMW/Merc --> Porsche ---> Ferrari


    You won't be disappointed.


    Sent from my iPhone using FerrariChat
     
    RoadRonin likes this.
  8. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    Thanks for the feedback everyone. My current Porsche collection is a 993 C2S, 992 C4S (both manuals of course :) and a Taycan Turbo.

    I’ll start with a test drive to see how I like it. What do most folks do post-warranty? Buy extended or self-insure?

    I generally value CPO and am willing to pay the premium for the right spec and for a car that’s been taken care of. If there are any exotic dealers that have a good rep with Ferrari sales, I’d love to hear about them!
     
    NGooding, RC_fan and blkdiablo33 like this.
  9. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed

    FWIW , Ferrari of Tampa has my old 488 spider for sale again. I never had an issue with the car in my 3 years of owning it. It’s a Nero Daytona Spider I originally specked some years back. Disclaimer: they own this car and doesn’t belong to me.
    Ryan is my salesperson there. Good luck hunting.
     
    RoadRonin likes this.
  10. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    4,430
    Great choice I sent u a dm
     
  11. vjd3

    vjd3 F1 Rookie
    Owner Rossa Subscribed

    Jun 3, 2005
    2,697
    Massachusetts
    Full Name:
    Vic
    I daily drove various 911s (SCs, 3.2 Carreras, 930, lots of 993s, 996, 997, 991s) from 1990 till 2015 when I bought an F430 ... have not looked back since. Just do it :)

    I had a realization early on at a stoplight when there was a 911 across from me ... I was driving a Ferrari and did not wish that I was behind the wheel of that 911. But when I was driving a 911 and would see a Ferrari across from me at the light, I would always wish I was driving that instead. I still love Porsches (we have a Macan, too) but there were a couple of instances where I was thinking about trading on a 991 Turbo S, but each time after driving the Turbo I got back in the Ferrari and drove the same route and the sound and feel was so much more of an event I could not do it (991 Turbo S is a heck of a car but it just felt clinical next to the Ferrari). This was when I had a 2013 California 30 and then a 2015 California T, which I still own. To me, the California T is the car you can replace a 911 with and drive daily, which I do, and at 32k miles it has been bulletproof ... but as a weekend toy I think a 458 or 488 would be just exactly perfect. But ... drive it a lot and it will be good to you. Don't let it sit around.

    That being said, idly considering replacing my Alfa Giulia with a 911 right now ... and keeping the F-car.
     
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  12. FFan5

    FFan5 Formula Junior

    Jul 7, 2018
    549
    This is exactly how I feel. You put a 458 in CT Off and go have fun, get a little sideways and have no chance of actually crashing. A 911 is built NOT to have any fun unless setting a lap time is the goal. With the engine on top of the tires, the last thing is wants to do is have fun leaving a stop sign. Throw in a four wheel drive version, and a 911 isn't fun, but it does seat kiddos, so it has that going for it.
     
    NGooding likes this.
  13. 3POINT8

    3POINT8 F1 Veteran
    Rossa Subscribed Silver Subscribed

    Jan 23, 2014
    5,162
    I think you'll enjoy it. Yes, definitely go drive one first to see if it fits you. I usually buy from dealers because there's not too many private sellers around. However, just because its CPO doesn't mean too much. I would definitely inspect the condition beforehand. I don't do the warranty because it never really pencils out. A ton of great threads on that. Also, don't be afraid to buy out of state if you find the spec you want. I live on the West coast and have bought five cars from the East coast. Not a problem.
     
    NGooding likes this.
  14. ACSATCO

    ACSATCO Formula Junior

    Dec 23, 2020
    340
    Full Name:
    AJC
    NGooding and sampelligrino like this.
  15. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    Thanks for all the helpful feedback everyone. I live in S
    Looks nice. Just saw it on their site. Can you share what their cost basis is?
     
    Cigarzman likes this.
  16. Was and am still a Porsche fan (991 C4S, 991 GT3, 991.2 GT3 RS, 992 C2s).

    First Ferrari was a 488.

    Now a Pista owner (among others).

    Both great brands. Both have their pros/cons. Can't go wrong either way.

    Only way to go wrong is to be exclusive to one brand.

    Own both. Drive both. And try as many others as possible.

    Life is short. Too short to be a slave to just one brand of cars.

    Good luck with the hunt.
     
    sqweak, Thecadster, RoadRonin and 5 others like this.
  17. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed


    That I don’t know because they have sold it since to a second buyer who traded it back on a F8 from them who only added 1500 miles . Take a look at the Carfax to get the exact trade in times and mileage.
     
  18. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    love this train of thought :)
     
  19. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    Got it, thanks!
     
    Cigarzman likes this.
  20. RC_fan

    RC_fan Rookie

    Feb 12, 2024
    5
    Full Name:
    AK
    Recently traded my 992 GT3 for a 488 GTB after 8 years of P-car ownership - zero regrets. So far, the 488 is more emotional and feels a little more "special" to drive. More like a living thing than a machine.

    I went CPO for peace of mind and don't regret that either. Bought from Ferrari Silicon Valley and honestly it was the best dealership experience of my life.

    With that said, owning both is the right answer. Will be adding an older 911 to the collection at some point.
     
  21. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    This is actually a great comp, thanks. I have been back and forth on getting a GT3 Touring for the last 2 years but just can’t get myself to pay nearly $300K and deal with the ADM gymnastics. 488 is where it’s at in that price range I think.

    If you have a good salesperson at SV, I’d love to connect with them. So far have been to the Marin dealer twice and just not my vibe. I live in SF and we have a 2nd home in Sonoma where the car will mostly live, so am open to multiple dealerships.
     
    Cigarzman likes this.
  22. rrari76

    rrari76 Rookie

    Mar 22, 2022
    12
    San Francisco
    And yes do it, preferably a 993 :) Took it out of hibernation at 8 months and cannot believe how much fun I was missing. Somehow gets more attention than my 992.

    Image Unavailable, Please Login
     
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  23. RC_fan

    RC_fan Rookie

    Feb 12, 2024
    5
    Full Name:
    AK
    My logic was simple - I'd rather own a car that's taken a depreciation hit rather than a car that's worth way over MSRP because of "market dynamics". It's much nicer to have a 300k+ car that's taken the hit already than a 200k car worth 250k+ because of hype.

    I'll PM you re. SV.
     
    rrari76 likes this.
  24. RoyalPink

    RoyalPink Formula 3
    Rossa Subscribed Silver Subscribed

    Mar 18, 2019
    1,562
    Southern Utah
    Full Name:
    John D.
  25. 488Julius

    488Julius Formula Junior

    Feb 10, 2024
    427
    Full Name:
    Julius Gergly
    I love my 997 but Your 993 is a sweet car. Enjoy.

    It’s great to have cars that you bring into rotation and they feel new again. I buy what I love and never sell
     
    rrari76 likes this.

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