The choice between a new Roma and a used 296 is super easy - 296 all day long! What an incredible car!
I haven’t driven the current lineup but if I’d won some imaginary prize to be granted one free Ferrari from the regular lineup to drive and have fun every day (not sell for money) I’d still pick the 296.
All of a sudden, two lower spec 296 GTSs are listed in the 3s: https://preowned.ferrari.com/en-US/a/north-america/used-ferrari/usa/ferrari-beverly-hills/296-gts/ZFF01SMA7R0309605-1745847213215 https://www.ferrarili.com/used/Ferrari/2023-Ferrari-296-GTS-a34f4fd1ac1812fb93a8262bcadcd270.htm
If 296 Speciale’s are 40% higher than the standard car,what effect will that have on standard on used 296s? 40% more means $650K-700K+ US prices.
This is in keeping with the latest pricing policy from Ferrari which is it leave not one penny on the table. I found the base pricing on the 296s insane and adding a few go-faster bits and cranking up the price even more just guarantees major losses for every single owner.
funny I was offered a GTS at MSRP yesterday and it came with a confirmed Speciale allocation... he said only 20 Speciale for the US...its unbelievable what these guys will say
I’ve always loved creating my own car but the price of new ones does make me feel I need to start embracing used car shopping.
Did the dealer mean 20 allocations for their dealership? Thats sounds reasonable to me. As for buy a gts and get a speciale, not surprised. Dealer will do what they can to move inventory (new or used) and maximize their metrics. I feel bad for the existing customers that bought both cars and may miss out.
Base price is around $450k. With options its going to be in the low to mid $500s. In a recent video Tim posted (shmee) he was referring to UK pricing...not US. If the Speciale is over priced (low to mid $500s with normal options) I absolutely won't buy it. The opportunity cost of that amount of money, even if spent on other cars is too high. The Speciales will create a lift for the 'base' 296 values assuming the Speciale is a game changer with brilliant reviews.
There is nothing on the planet that is going to create a “lift” for the base values of 296. The cheapest GTS is now asking under $390k and there are approximately 200 GTS for sale behind that, of which dealers can show only about half for sale. The numbers for GTB are way worse. These cars are only going one way and that’s down … by a lot. I would expect the GTS to find a floor around $250,000. GTB probably $175,000. Most speciales are going to cost way more than the base models and will instantly start to depreciate. Buy them because you love the car but expect to lose a lot of money. Please don’t shoot the messenger.
All speculation as to where the price will settle. Yes, with so many on the market- the price can only go down. I purchased mine recently knowing that- as I wanted a specific spec and did not want to wait for lower prices. The car is incredible and bargains await future drivers. Bottom? If we go into a recession- all bets are off.
Having living though 2008 and 2020 recession. There were windows of opportunity. They didn't last very long. At some point value become too good, a small sentiment shift, 50 cars gone in no time, then creates sense of fomo, happened during 2 prior recessions. I wasn't interested in 296GTB until recently. At sub $300k simply can't overlook it. Car for car it is best bang for the buck between $200k to $300k as far as I can seee, I am in market for one so please name me a better bargain in these price range (need minimum F8 level of performance or I get bored in a day). Last August 296GTB were going for around $350k to $370k, I ended up picking up 992 Turbo S. If 296 were $300k range then, I would not had think twice and gotten the 296GTB instead, it is way better car. Ilusso OC typically price cars to move and they are in arguably in strongest market, I check their inventory all the time done and sold a few cars to them before. They had a white 296 listed at $336k and that one is gone. It was available this week, checked again this morning and gone.
The cars aren't exclusive anymore, anyone get a std car. Some dealers will offer the special version with the purchase of a std car. The cars you really want require too much of an investment and IMO not worth the spend or effort. Obviously, enough people feel otherwise or they wouldn't be sold out. I do agreed at 250k to 300k the 296 makes a lot of sense. Over 400k not so much.
Who owns all the inventory that dealers are sitting on? Are they typically consigned or sold back to the dealers? Pricing from dealer to dealer on cars with similar options seems pretty variable. I am interested in an example with a $455k MSRP that has been sitting at the dealer for 8 months with delivery miles. I don’t need the car right now as I have others to drive so I don’t want a $100k haircut. Is it offensive to offer $375?
M Most are consigned, dealers aren't buying cars. They may have some that were traded and probably over allowed to make deals happen
From a few posts here, there seems to have been a slight level of misguided hope. But yes, we knew it.
Actually, I agree, $175k is too low, hard to imagine they would trade below a Portofino so maybe $225k is a better estimate.
I thought that was my 2024 Black one up for resale again, very similar spec and I bought and sold it through Ferrari of Beverly Hills.
