Believe me, the more money you have, the less you want to lose ;)
Given the current Ferrari production, Its possible that even the VS/ XX series cars are going to be over produced and will lose value. If that happens Ferrari loses a very powerful USP. I am guessing the new 296VS/ XX will have a start price $550k+ and the Aperta even more. Personally, if the 296XX is $600k and I am confident it will lose value....I wont buy the 296XX. Far too many other options...how about a Pista, Speciale or even a Scud? PS Everyone cares about money. Especially people who have money let alone a lot of money. As a rule, highly desirable, expensive consumer items all hold their value or even increase in value. If that wasn't the case they wouldn't be as desirable and wouldn't be able to maintain their desirable status/ pricing power. A once highly desirable product that over saturates production drives down its exclusivity and thus, its value. I doubt Ferrari will let this happen.
Speaking of numbers.. the SF90XX Spider starting price here in Canada is double (2x) the standard SF90 Spider ...
I just learned we are all a bunch of stupid poseurs. Now I am rethinking whether or not I should go for a chance to get the 296 VS… So confused. Sent from my iPhone using FerrariChat
Beyond the cost, those of us who collect usually do so because of the lure of rarity and exclusivity. Absent those things, it becomes very difficult to find enough people to stroke checks. This results in product that won’t sell without a recalibration of prices. Of course, it then affects desire to collect. Ferrari’s mastery of brand control is legendary. But, to date, it has relied on throngs of well healed enthusiasts, clamoring to climb the profile ladder, in hopes of being offered the limited stuff. The question here, is whether there’s enough desire to collect special hybrid supercars if values plummet?! As much as I love cool new tech, I’m just as content with an older, limited Ferrari that will only appreciate over time. So, give me the choice to pick one that looks amazing and is increasing in value…that’s the car I want to add.
Agree - 296 vs unlikely to hold or appreciate in value, mainly due to higher production numbers and stupidly high buy in prices. Looking back over the models which have shown to have held or appeciated in value, all were originally sold at a lower pricing and with less numbers made. These new high tech hybrids (sf90 and 296) have yet to demonstrate acceptable returns on the secondary market. Different story entirely using the less complex vs ice cars such as speciale, TDF, Comp etc. Id also be very wary of buying into a 296 VS looking at the status quo.
Can you imagine how many 296's will go on the market when the VS starts shipping? No one will want both.
The only ones ive heard of which HAVE sold were way under list - very scary considering the significance of the under recoveries being reported and it appears to be simply a natural bi product of a car that was just so overpriced to begin with. Perhaps it will be some years away before we start seeing acceptable returns on the secondary market and, only after the market accepts these hybrids as being a worthy alternative to the previous ice models. What has become quite evident is just how much 296 has strengthened desirability as well as F8’s pricing in general - particularly the spider version.
Hmmm, hybrid's declining n value.... Have a look at LaF 's sales let alone the Aperta's.... If the 296VS is a true limited and not a "Pista" limited it will increase in value. And even if money is no object and nothing you do will make your bank account thinner, it still matters if you 'invest' in a car that will either increase 50% of it's value or loses 50% of it's value. As much as I love Ferrari, buying a car that looses 50% of it's value in 1-2 years is not an option for me. regardless of the fun I'll have with it or a YOLO approach to life. I still consider anything over several 100K as an 'investment'. The ratio between value and emotion increases as that price goes up as well.
To compare likely resale values of a Hybrid 296, or SF90 to a Laf in any form is quite hilarious. One could only wish for a 296 or SF90 to follow the resale path of a LAF but let's face it, it's never going to happen in our lifetime.
someone mentioned that a sf90XX with the usual options is 2x the price of a sf90...if thats the case with the 296XX. VS, hard pass for me.
I'm not sure who would either? I recall the bloodbath with 488 GTB when Pista was released - never lost so much money on any car in such a short space of time.
remember, you must have a 296 GTB/ GTS in your garage when your VS arrives in order to receive the VS. If Ferrari trickles the VS's out slowly (which they will absolutely do) there shouldn't be any meaningful adverse effect on regular 296s. Matter of fact, some may buy a used 296 in order to get a late build spot for a VS. Ferrari knows what they are doing.
Agree that situation will help slow the bleed, but many will want to liquidate their GTB in favour of carrying the financial burden associated to owning two variants of the same model, and in that situation a lot of stock will become available for sale. It'd be a different situation if 296GTBs were selling well on the secondary market, but they aren't, unless they are well spec'd at significant discount.
no need to hold 2 of the same model. when the VS arrives you trade it in (or consign sell it) with the dealer. drive off with your 296 VS/ XX
Agree holding both makes no sense unless one is a spider. Consigning or trading are the usual options, but I recall consigning my 488gtb and the hit was still massive given the age, mileage and being very well spec'd. What they offered as a trade was even worse!
I'm amazed at how well the F8 Spiders have held up on price. Pretty sure my 2021 is still worth 30-40k over sticker. When you look at how much they increased pricing on the 296 vs. the F8's, it makes some sense though. And the F8 was a fantastic car, outside of a weak exhaust note. Spider production was pretty limited due to covid as well, my high volume dealer only ended up with about 14 total cars as I recall.
F8 was a bargain in comparison and that's probably why it's holding so well. I still can't get my head around how a standard production Ferrari (296) can possibly be worth what they are now charging. No wonder the secondary market is unwilling to pay anywhere near what the original buyer paid.
So far people have had no issue paying the higher prices but they are having issues with the amounts they lost or are losing. I do wonder what this means for the future as I doubt many will keep paying these prices for a std car especially when anyone off the street can order one.
I never buy a car with the interest of making money from it. To be honest I collect many different thing. But I collect with the interest of enjoying and using them. If you buy a car with the interest to selling it, to me that's should be business. Ferrari made cars like the F40 far to cheap for it's market. They were being sold 2 or 3 times over, privately before the car left the factory people were making business calls and making more than Ferrari. So over time Ferrari has simply made sure they get a premium within there market with their cars.
One thing to remember about the F40 is that the stated amount they were going to build was much smaller. (hopefully I'm remembering this correctly?!). Mr. Massini has a great story on here somewhere about the debut at Maranello where he kept being told larger numbers would be built as the day wore on....
The 296 is a monumental evolution over the F8. It is worth every penny if you want the best rwd production car made at the moment. Time will tell if the market settles after the rush of flippers post 1 year mark goes away in the US and/or GTS orders arrive. It is as significant as the 720s was when it launched and will remain that way for quite a few years. We now see how irrelevant the new lambos are compared to SF90 and 296. Not just in performance but also in price and appearance. It was McLaren for a while that took top billing except for fit and finish.
