Should I keep my 12Cilindri Allocation?

It seems like it's all dealer and situation specific based on these forums, but backing out sooner than later (so they can reallocate the build spot) and being transparent with dealer seems like the prudent and "high integrity" way to go. I would think the fact you have a purchase history with them would go a long way.

 

The price increase of $115,000 over the 812 is considerable. The added sales tax on the price difference alone brings the increase to $113,000

If you buy a slightly used 812 at a fair price that could be a good alternative until
you feel more confident about the 12C

 

And the 812 will sound and look better.

 

Don't buy the car if you are worried about losing money or think you'll make money. Its supposed to be the last NA V12 which could help stabilize the value but almost every other V12 loses a good amount of value. Order the car if you are in love with the car and want the car. If you are worried about money, walk away. Lot of speculators are walking away because of this right now which I think will be beneficial to the guys that buy them to drive them and aren't worried about losing money...

 

Imagine buying a 12C to flip, when you could just pipe that money into BTC or Mag 7 stocks.

 

Definitely DO NOT proceed unless you absolutely love the car. 12C buyers (much like buyers or every other similar car in its class: Revuelto, SF90 replacement, Vanquish, next gen McLaren, etc) will see their investment get destroyed. I cannot see a scenario where a 24-36 ownership window won’t cost $150-200,000 in depreciation for each of those cars. The high end car market has adjusted, buy used, or at proceed understanding the new economic reality.

 

I also thought about this and purchased a 2600 mile GTS. Ferrari may have finally got too greedy? We shall see.

 

About the looks... Will time make the 12 cilindri a design hero or a design flub?

Pininfarina made some bold designs .

Ferrari design centro is trying to fill those shoes.

The recent models share a lot of design language details

SF 90, Purosangue and Roma come to mind.

The interior designs and exterior style. From the front end air intake shapes to the more prominent under doos trim panels, to the rear end light shapes and exhaust surrounds

 

Agree with many you will lose money, and it’s not a numbered car like a TDF per se, I look at cars as sunk cost drive to enjoy and what’s left is meat on the bone. Good luck with your selection.

 

I read your initial post and thought uh oh he's going to get roasted for not being able to 'afford Ferrari ownership' if you have to ask these questions about value. I think now most guys on here can afford these cars because they do understand about value and money and whether the juice is worth the squeeze as far as a driving experience. Same thing is happening on a poorer scale with Porsche GT ownership. The new car is $50K more for a heavier probably slower car that b/c of the smog neutering is way less visceral to drive....

 

100% get the 812 GTS....

 

No.

 

812, 12C is just not IT, I'm not sure what Ferrari is thinking with these new designs

 

$600k for that thing and..

Listen to yourself. You went F12 then 812 and now F12. And you are concerned about losing money if you change your mind again on a $600k production car.

I kindly declined an allocation that was offered without a second thought. The salesman understood. Ferrari will now sell these production cars to anyone with the cash.

 

Remember, the 'final price' will not be known until the car is received by your dealer. Unless your car would arrive before June, I would expect, at a minimum, 5% increase across the board in the price. FNA sets the price on entry, if the car arrives next fall, the base MSRP will more than likely increase and it would not be unusual for the price of various options to also increase.

Personally, the car is not worth it, haptics, muted exhaust, bigger in all dimensions (vs the F12 and 812). If you are not absolutely in love with the car, pass.

As for walking away from an allocation, that's easier than walking away from a deposit or failing to complete purchase once the car arrives.

And, if this offer of an allocation was in the past month or so, that does not bode well for how sales are proceeding (it would seem your dealer is having difficult time finding takers for allocations). Remember, allocations being 'offered' to someone who has not already asked for an allocation is a sign that the situation is "light", typically the allocations go to those who have requested a build and only offered to others when no one remains who has asked for an allocation.

 

I tried plugging the F12 base price into an inflation calculator and it came back at something like 440k in today’s dollars - I did this a few days ago. The 812 worked out to about 430k… I think it’s the options that have increased at a greater rate

What’s also changed is the V12 is no longer the flagship of the lineup, its now on the side as a kind of heritage model; which I find to be a shame.

The others are right about what to do if you aren’t sure, or don’t love it.

My own 2 cents, having seen the Dodici, but not yet driven, the 812 GTS is a great choice of being both modern but also from a time when the V12 was (properly) the flagship.

PS I don’t think anyone really knows if the Dodici will, or won’t, be the final V12 from Ferrari.

 

Only potential upside i see is.if you do buy it, dealer might let you order the 12ci speciale that will come in 3 or 4 years. And that one should be an investment type.

But not guaranteed and that's a 3 years or more return

 

Just like 812SF / 812GTS was insufficient to earn a 812 Comp, a single 12C will be insufficient to earn the Comp equivalent.

 

We really dont know if there will be such a car, and if so, what the rules would be; though, I'd imagine without the Dodici, your chances would be a lot lower....

 

Agreed, necessary, but insufficient. I was merely pointing out that you will need a ton more investment beyond a single 12C to earn a Comp equivalent.

 

I think that’s quite an interesting point. Option prices, in fact the whole options list, have increased. You couldn’t previously order painted shields for example (without going TM). The carbon pieces are more intricate and larger, plus there are more of them. I remember looking at a 458 Spider demo car around 2014. The standard spider was under £200k from memory and this fully carbon-equipped demo was just shy of £300k. I remember being amazed at how it was even possible to spec a car up to that level and have it still look so ‘normal’. Now, you’ve almost bought an ‘average’ car if you keep your spec to ‘only’ £100k in options. The highly personalised, special cars are in the £150k to £200k range for non-hyper models.

Our first car ordered from the factory was a £208k Speciale, with an additional £47k in options. That included, among other things, carbon extras, three-layer paint, the track telemetry pack, stripe and some other paint personalisations. Those days seem long gone. When the 296 Pista gets launched, you’ll need minimum £100k to do something similar. That’s double in 10 years.

But, I’m not criticising. We don’t have to order painted shields, all the carbon, three-layer paints etc. If some feel it’s hard not to, probably you have to conclude Ferrari have done their job well. Double ‘but’ though, it will leave a sour taste in the mouth of customers who feel they have to order these things to get what they really want and then discover that they paid a lot more than they expected to in depreciation when it comes time to sell. Maybe Ferrari will have to have a bit of a rethink on their volumes (thereby rebalancing the equation in favour of owners and against shareholders - also spawning renewed complaints from customers who can’t get an allocation…)

Triple ‘but’(?!)….we have been there before though. 550, 575, 612, F12 and 812 all found themselves on the wrong end of a steep depreciation curve at their lowest point. The V12 line has always depreciated more than the V8 line and they always seemed expensive to buy. These models, when new, were all cars to use rather than collect. You’ll have to wait a long time before they have any real collector value in the way, say, a standard 365 Daytona has now. Perversely, the arrival of EV might just speed up that process, meaning that those who buy the latest models could have less time to wait if the world bans new petrol cars as planned. It feels hard to predict what will actually happen from here though and I’m certainly not predicting the 2035 ban will actually hold (though whoever predicts it won’t is on equally shaky ground). In the meantime, we’re left with what was always the best advice, buy it if you like it, be aware of what it might cost if you spec the car a certain way and don’t expect a ‘standard’ car to appreciate if you get bored and sell it in two years.

 

Speaking of “12C Comp”…here’s a decent render. And, at least to my eye, the color looks to be very close Rosso 1000GP which is what I selected for my 12C.

https://www.instagram.com/p/DC4iyQiq0m-/?igsh=bHkybmdzbmEyMDQx

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Rosso Mugello might be a nice color for this Icona car