296 Values and Used Market

The comments hating on the 296 just come from ignorance. The car demolishes a 458/488. Not close. They were great cars for their day. But not comparatively against a 296.

 

I find it really weird behavior.

 

I really think there are people on this chat who don't own or have ever owned a 296. Also probably never driven a 296, because if you have it is dynamically one of the best cars available. I don't drive mine back to back with my 458 Speciale, because they are just not in the same league. The 458 is an epic car but just can't hold a candle to the 296 driving experience.
Chet

 

No.

 

Of course there are. This isn't a thread for owners discussing the handling of the car, its a market value thread. The market value isn't just determined by owners, its also determined by people who might buy it but aren't for various reasons. How well the car drives is important, but its only one factor in what the market value of the car is. Ferrari could make that more important by making it easier for prospective buyers to drive the car. But its still going to be just one factor.
How many they make, the economy, the perceptions around the hybrid (right or wrong) are all huge drivers on the price. Like it or not, alot of Ferrari's don't get driven very much and even those that are, most owners didn't buy the car because it drives slighty better than a 458/F8/Mclaren/Lambo.

 

Another fchat member whose previous posts are all about his 458 and trying to talk it above the 488 and cars made after it.

it’s getting to the point with me where I will go to a car meet and typecast all 458 owner based on the extremely poor behavior of some of them who either can’t afford a newer car or have other personality disorders. Now do you want to get typecast as a loser if you pull up in a 458 ? Of course you don’t. Stop trolling other chats and enjoy your car, please.

 

There was a time and a place when dime store punks like you would need a pair of binoculars to see a Ferrari, much less own one.
I miss those days. Tesla is partly to blame, but so is Ferrari. And McLaren. But mostly European emission regulations.
Enjoy your baby momma awkwardly designed hybrid V6 hybrid abomination. Given the vast numbers of 296 for sale with delivery mileage, I would say your love affair with the 296 is a distinctly rare occurrence.

 

I sure am enjoying mine. It doesn't sound like you have logged any seat time in a 296. I would encourage you to do so. I am a die hard 458 guy and had all the reservations you do but when I actually got seat time I grew to appreciate the 296. My favorite is driving it back to back with the 458. You can really see each cars personality. The market will adjust on the 296 so now is the perfect time to buy!

 

A lot of projection coming through this post. Don’t you have something better to do like moan about someone with an aftermarket exhaust? The common theme with your posts is negativity. On the bright side, this was progress because it actually had multiple sentences instead of just “no”.

 

Dime store punks haha

 

The 296 is a great car with outstanding performance there's no doubt about that but the 488 Pista is also a phenomenal car and has the most beautiful design of any Ferrari in the last 10 years. Both are great cars in different ways. The 488 Pista is more for collectors and enthusiasts, while the 296 is more for people looking for a car with the best performance. 296 Prices will stabilize at the latest when the 296 Speciale hits the market. Because for $350K, you can't get anything better, and the new Porsche Turbo S also has a hybrid battery and, with a good spec, costs even more than a used 296.

 

Looking for a triple stage yellow GTS if anyone has a lead.

 

https://www.ferrarisanfrancisco.com/certified/Ferrari/2024-Ferrari-296-GTS--21ac7f26ac184320775b9d9e7cf3b456.htm

 

I think Ferrari SF has one in inventory right now (EDIT: mkraft beat me to it, that's the one)

 

Just ended today, 24 GTB $380K sticker sold for $320K at BaT.
https://bringatrailer.com/listing/2024-ferrari-296-gtb-11/

That's only about 16% off which is little bit low on the discount than what I expected from a non Ferrari dealer. Maybe like others are saying, even new Turbo S is asking for north of $300K now so nicely equipped 296 at mid/low $300K is a bargain.

 

Thanks guys - looks like it sold today, which prompted me to ask if any (other) leads.

 

Hahaha! Talk about reinforcing a stereotype! Hahaha!

 

Ahhh. There were a few Giallo 3S cars sitting in inventory for a good long while across the country, looks like all sold finally.

FSF had a Giallo Libano GTS for a while as well, might be worth asking them if that car is still around - if you are open to other shades of metallic yellow.

 

That is the color I wanted- and my wife said I was too old. Still, when I see one mixed with black roof and rims- I want it.

The Ferrari dealer in Orlando had one that I almost purchased.

 

The last few pages of this discussion are fun to read.

I notice that everybody discusses the 296 GTB vs the 458/488 but the F8 is hardly mentioned.

While the 296 is head and shoulders above those cars in performance, it’s not as obvious with the F8.

That’s where I am right now. LITERALLY!!

I am constantly thinking about calling my local Ferrari dealer and swapping my F8 for a 296 GTB with close to delivery miles, without spending hardly any money. Heck, I might even get money back on the deal.

Unlike the haters here I have driven the 296 twice. It is the real deal. Fast, handles great, and probably the best sounding non-V12 Ferrari (after 2015)

 

Here’s a thought experiment.

Read this knowing that I am not a 296 hater, in fact I think it’s a fantastic car.

Ok, so that out of the way. If you have an F8 now, why trade it in for a 296 at the present moment?

As good as the 296 is, it’s not all that much better than the F8, both qualitatively and quantitatively.

Why not wait a couple of years for the 296 Speciale? Or better yet for the next generation of hybrid Ferrari mid engine cars?

Yourw not going to lose money by holding on to the F8 and driving it, heck you might even make money when all is said and done.

The next gen 296 will most likely be bonkers compared to the current 296, basically an F80 mini-me.

No right or wrong here, just a thought experiment

 

My F8 is a ‘22 and at about 8k miles (I bought it at 6600 miles). A part of me feels like I shouldn’t let it get to 10k miles since Ferraris seem to be so mileage sensitive when it comes to value (unlike Porsche, Lambo, R8–my priors)

The appeal is that I can get a ‘24 model with close to delivery miles. And then do what I want to do. Which is DRIVE the dam thing!

 

First, I would disagree that the 296 is "not that much better than" the F8.

Second, I think the price of a used 296 is likely to go up so the timing is right.

Third, the next models will likely be even more expensive and you'll likely have to wait at least 3 years to buy them second hand.

 

I think the 296 and F8 are very different driving experiences. But even quantitatively, the numbers do not suggest that the 296 is a significant step above the F8. And certainly in the hands of mere mortals outside of the Fiorano test track, any performance differences will almost be indiscernible.

Don’t take this the wrong way, the 296 is a fantastic car and by all objective measure a “better” car than the F8.

I’m just saying it’s not that much better, and if you are contemplating trading an F8 for a 296, the juice may not be worth the proverbial squeeze.

No right or wrong here, just a thought experiment on my part.

 

Within my small friends circle we got a 488 Pista, F8 and 296. We all agree the F8 feels like a more streetable Pista which might explain why Ferrari never made a special version of it. On the other hand, we feel 296 does attract much larger audiences (ex female) with different type of driving mode (e-mode, Hybrid, Performance, Qualify) so it can avoid attention when necessary and more daily friendly. When taking the Pista/F8 out, this thing just shouting for attention …which might be a pro/con pending on perspective.