296 Values and Used Market | Page 149 | FerrariChat

296 Values and Used Market

Discussion in '296' started by Mrwatchdawg, Aug 31, 2023.

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  1. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    Same here. Can't open it in two different browsers:
    This site can’t be reached
    http://0.6.73.227/ is unreachable.

    ERR_ADDRESS_UNREACHABLE
     
  2. Jaguar36

    Jaguar36 Formula 3
    Rossa Subscribed

    Nov 8, 2010
    1,099
    Cherry Hill, NJ
    Whoops, screwed up the link somehow. Should be here.
     
    momo360 likes this.
  3. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    Well that saves a lot time; thank you @Jaguar36 ! I was just overlaying # for sale on top of price, so you were already there!
     
  4. momo360

    momo360 Rookie

    Jul 17, 2025
    14
    Thanks! I remember seeing that, but again, I'm not sure using average list price is going to be accurate, because as many have noted a lot of people/dealers have their used cars listed at absurdly high prices that just sit forever. Could you scrape for the bottom 25 or 50% of cars and see how that stacks up? Maybe whenever you scrape it next time.
     
    F-001 likes this.
  5. rxbg

    rxbg Formula Junior

    Apr 11, 2010
    409
    USA
    this is crystal clear logic. the paradigm is going to change quickly. and it is self regulated. the absurd crony of the old point system is not sustainable. they milked it. but yes- dealers are going to have to come down to reality. and yes for sure the used prices will go up significantly when people see this non limited run of speciales is priced off the deep end. they'll be drooling to get their hand on the regular car. so be it.

    short of halo cars like the F80 this will be true across the board.
     
  6. rxbg

    rxbg Formula Junior

    Apr 11, 2010
    409
    USA
    these two analyses = drop the mic and shut down the discussion. this is it in a nutshell. have the squeebees at cars and coffee and ferrari crustiethat obsess with having the latest of these chew on this info.

    such amazing cars with such a dysfunctional ownership philosophy
     
  7. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    Agree with @momo360 …I’d really like to see the data for the lowest-priced 25% on the market (as that’s where most everyone shops), and if that conflicts or supports what I came up with. In the low $330’s (asking), you can get a new 2024…I think that’s the practical benchmark.
     
  8. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    Indeed, they can be awkward. I guess many of us that drive in London often are used to them though still some of them are plain stupidity. Some width restrictors have long curbs so double trouble, to make it a triple threat the odd one or two are curved! The centre lane is for buses! The fine is usually discounted by 50% if paid within 14 days which is very kind of them! £200 is rough for parking too early. Many years ago we would park without feeding the meters as it can end up being cheaper if you do this regularly and traffic wardens were less common. I would get the odd ticket but saved money doing this. Fines have now increased. Being conscious decisions you can't really complain but I fully understand your valid frustration. I guess some of us are more used to them rather than people who visit and maybe have their eyes and other senses all over the place especially in London. I got used to many and don't even bother slowing down for some, depends which ones.
    Did you encounter the 'red route'? 'No stopping at any time' all over the place. In this case, say you need to pull over to take a phone call, drop someone off, adjust or check the route on your sat nav. Just stop in the middle of the road and nothing happens, people wont even be too bothered unless they are other foreigners unaware of why you are doing this! Made my friends from Seattle laugh hysterically doing this, basically stopped to the right of the lane instead of the left where the red route is. Was handy pointing attractions / buildings out, not having to park and re-route the sat nav!
    The Cotswolds is a beautiful drive, we are certainly used to it or just better drivers than our US brothers and sisters! Just not so much of an issue for us, still very ridiculous nonetheless especially when there is space to widen the roads. You should try some European countries... France, Saint Tropez is a joke but they all drive Fiat 500's.
    In Holland, in some regions there is a white diamond shaped road sign with black border and yellow centre, meaning nothing to tourists. This means you must yield to someone pulling out of a side road! This one is brilliant. Obviously in an accident you are at fault for just driving straight and if someone pulls out in front of you and you hit them!
    In Germany you can be in serious trouble for driving slow in the fast lane on an unrestricted road if you cause an accident. This one makes sense though!

    I would definitely say if you need an SUV as a tourist in London, try and get one that isn't so wide. I'm fine in a Cayenne with Black wheels and 295's on each corner. Guy Fawkes was ahead of his time!
     
  9. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    Apologies but it seems we are very used to such roads or simply much better drivers than you wish to give credit for!
    There are many organised drives by PCGB through the Lake District as well as just fun for other 911 drivers.
    Same with other Supercar clubs here. We really do find this fun, moderately challenging but fun.
     
  10. dustman

    dustman F1 World Champ
    Rossa Subscribed

    Jun 12, 2007
    11,483
    I’ve been. Even the boxsters filed thru at a snails pace in many areas.
    Some of us live in very twisty small backroad areas of USA.
     
  11. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    I just can't see Ferrari or any other supercar manufacturer just wilfully changing batteries under warranty, batteries that are going to have a high rate of degradation or even total failure. Unless each car has replacement costs built into the price already especially if they are mandated to replace cells for 8 years. I know for a fact here in the UK they will try anything to get out of such warranty claims unless you are a long time Ferrari customer or a well known person.
    However, the battery cells in the 296 and SF90 are fairly small so the cost should not be too much. These have much less capacity than all electric or tesla's which may mean that Ferrari have built in replacement costs to each car. Furthermore, only the faulty cells will need replacing.

    I think we could go on with this topic for quite some time on one of our large roundabouts like Hangar Lane. We need real world data from someone who has been through this and for them to share their experience here.

    The more I think about this the less of a problem I think it is as the capacity of the 296 or SF90 are quite low. Therefore, I don't think it will be so costly but I do believe it will be more common than not and will be ongoing. Overall, this makes the 296 not such a bad purchase if you are prepared to put up with this and other teething issues of new technology for Ferrari. The additional weight, small 3.0 V6 engine and laggy interface is what puts me off, oh as well as the camel humps. However, these are also temporary problems which will all improve in future models. When the technology stabilises and cells take much longer to become obsolete again this will become less of an issue in terms of increasing costs. Replacing batteries in a 296 in 20 years will only become more expensive and will take Ferrari longer to manufacture. Though there will be alternatives that will be cheaper, they may need to bypass the Ferrari system to work / not throw up other random errors but will likely still take time to produce or just more searching to find in the US where there will just be more cars so easier to eventually find.

    We do need real data from multiple people who have been through this first, otherwise we will only speculate for some time. As someone who is very sceptical of the 296 and SF90, I did want an SF90 but have since gone off the vehicle as I love the F8 so much and see some headache in the 296 and SF90 I now do not think this will be so much of an issue that some people think in terms of costs. For example if it costs under £10k / $13k it's just not that big a deal for such a vehicle. Costs could be anything from say £4k / $5k which would be relatively minor. However, batteries will always degrade over time so long term ownership will cost more. As they say... It's a Ferrari. Hope this gives more confidence, hope evne more that this is the real world case. Time will tell.
     
  12. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    Indeed you are talking about some dodgy places. Such as Snakes Pass in the Peak District. But come on, overall it is fun especially in such fun cars.
     
    dustman likes this.
  13. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    Yes, you are very correct, they “graciously” gave me a 50% discount as I paid promptly. In the Cotswolds, there are sections with high curbs and very narrow roads. I had an unfortunate incident with a car coming at me and I clipped the stupid curb and ended up slicing the new rims (front and rear on the left side). What saved me was the added damage waiver. The company was The Out (a division of Jaguar Land Rover)—they noted the damage and charged me nothing.

    Would have gotten a smaller vehicle but had four of us and a King Charles, with two having to work on what ended up being a four hour drive due to road closures. Worked out fine, but I think there are some lessons about highways, tollways, curb height, road width, and speed limits that could be learned from us spoiled/complaining Americans! I’m just poking fun. We loved Europe (our kids live there), and I think next time I’d just keep it to my wife and me and I’d rent a 911…that would be fun
     
    F8F8evoevo likes this.
  14. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    I’m still enamored with the 296, so it’s either that or a 750s as the next car. My plan at the moment, if I got a 296, is to either see if there’s some wiggle room on the extended from the dealer, or wait until close to the end of year three and see if there’s more data; as you said, we need real-world data.
     
    F8F8evoevo likes this.
  15. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    Back to the topic, I see prices continuing to decline as a result of:

    - More cars will continue to come on the market (we see that in the data)
    - Ferrari seemed to over-produce the 296, and don’t see them ratcheting down the number of one of their bread-and-butter cars.
    - Cars on the market aren’t selling (new 2024’s are >$100,000 off MSRP), so the market hasn’t stabilized yet.
    - The mid life-cycle update (due in 2026?) won’t come out cheaper, and I think Ferrari probably has figured they over-priced the 296, so I don’t see them easing the base price (maybe some increase with the volatile tariff situation, but let’s take that factor off the table, as no one, even us Americans, can predict what’s going to happen tomorrow, let alone next year).
    - The mid life-cycle update will improve the car and address a lot of the complaints I’ve read on Fchat. That will make the current Gen 1 look less appealing (disclaimer: plenty appealing to me). Less appealing means more people either want to trade for new or trade out of the brand or trade for a different Ferrari. That means more cars, less loved, on the market (we all know plenty of examples of this in a multitude of other manufacturers).
    - Battery fears will probably be amplified by the likes of Mac also feeling they need to sell a replacement battery warranty. This bodes well for the F8; less so for Gen 1 296’s.
    - Contrary to others, I don’t think special editions, or the 296 Spec will make people say “I could have a base 296 for 50% less. In fact I know of a 296 owner who gave up his allocation, and apparently there are a half dozen others who cancelled at another dealership. This doesn’t help support Gen 1 296 prices…it does the opposite.
    - Movement away from EVs and hybrids in the supercar market. Of all my friends who have supercars, none are interested in even a hybrid. It’s the 750s, F8, New Vanquish etc. that they are buying. Maybe this will change, but not in the next couple of years.

    Before 296 owners get angry with me, let me say this—I really love the 296, even after reading all the complaints on the car, and I think it might be exactly what I’m looking for next, I have suffered through a couple large depreciating purchases, so I know how easy it is to get defensive. The 296 is unloved and probably won’t be loved by the masses for a while…maybe a long while. The tech doesn’t scare me as long as the warranty is in place, and I can deal with the haptics just fine (I’m technical; just not quite technical enough to scrape the 296 sales data…yet).

    Lastly, thanks for all the spirited dialogue.
     
    x z8 and Senna1994 like this.
  16. KL runner

    KL runner Formula Junior

    Jul 25, 2023
    739
    Not in US
    All of the talk of batteries fascinates me . The average ownership span is 4 to 7 years globally.

    You would think that Ferrari were forging a new PHEV frontier not doing something that has been done and proven hundreds of thousands of times. On top of this their battery partner has a great record .

    There still may be problems , we are dealing with man made cars . The on going discussion for me parallels the continuing discussion of depreciation. Depreciation is a fact , battery failure is a risk , albeit a lot less likely.
     
    rmmcdaniel and 599F1 like this.
  17. Dbops618

    Dbops618 Formula Junior

    Feb 27, 2017
    395
    florida
    Full Name:
    D. Hernandez
    i just purchased my 296 with about 120 miles on the clock and I thought about everything I’ve been reading in this chat before I bought it. My only other choice was an F8 which I already had. One…. However, I’ve never been want to fear the unknown and what if this and what if that ….. I’ve driven my car only four times and I can’t wait to drive it. 400 more times…. I’ve had every variant of the V8 and I just didn’t wanna see those cars in my garage anymore…. Gone with the old and in with the new… so my plan is to keep this car for a couple of years and really enjoy it drivability and by the way, I really do love th shape of this car, not withstanding the rear end which could’ve used. Circular lights…. But I love the simplicity of the inside I like where Ferrari is going with this design and I’m probably talking against the grain because most people just want to continue with the old age. look….. meanwhile i will continue to educate myself on all the remarks that are made on this chat
     
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  18. 599F1

    599F1 Formula Junior
    Rossa Subscribed

    Jun 5, 2023
    266
    Full Name:
    599F1
    I hear you. Doesn't make sense to me either. The Prius has been sold for 25 years. This is not new tech. Absolutely crazy that F8s are now going for more than 296s. At some point the market will correct, so best thing now is to buy while the values are low.
     
    rmmcdaniel and x z8 like this.
  19. F-001

    F-001 Rookie

    Jul 23, 2025
    44
    I couldn't agree more, and it's refreshing to hear an owner that is excited about the car. Once I pull the trigger, I'll be in the camp that drives it every other day, and in a couple or so years when I trade it, it will end up being one of the higher-mileage cars, but it will probably have the extended warranty (battery replacement and all)!
     
  20. F-001

    F-001 Rookie

    Jul 23, 2025
    44
  21. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    That's tough the 296 or 750S. If new (which I don't think you mean) you will suffer depreciation on both, then possible battery issues with the 296 which will likely work out very similar maybe in the favour of the 296 as the 750S will have huge depreciation as Macs do. The 720S are shocking value for money now but all Mac's depreciate badly.
    Used, you will save greatly but the Mac will still depreciate more than the Ferrari. Then you will have to put up with panel gaps which is what put me off the 720S or the 750S. When you clean the car beware you don't fall through one of those gaps as it could take some time for your family to find you and Mac won't care in the slightest. Just an odd look like you are stupid then tell you it's handmade. By a dude in Woking to boot! Shame they no longer have the tilting dash which was kinda cool in the 720S.

    Out of the 2 I'd say the 296 financially, but the Mac is quicker. I'm not helping am I?
    More likely that you will get a discount on the Ferrari to use against the extended warranty.
     
  22. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    I get you but it's not a prius nor made by Toyota. Toyota excell in certain areas where Ferrari fall behind slightly, then Ferrari excel where toyota has no hope. Not sure the data from the toyota would be a great comparison.
    The technology has changed over the years and has more change to go through. Then mating this to a ferrari first time has some issues. The ferrari interface is laggy, it can just decide not to work, multiple errors even if some are false. These need ironing out. I'd much prefer the 2nd or even 3rd generation Ferrari where toyota is on their 5th gen. I am certainly interested in these cars, more so the SF90 but again not the first gen and not brand new so i'm a while away which gives me time to see some data. I think the next gen hybrid ferrari's will depreciate much less.
    Personally I don't think the market will correct as the next gen will just be much better and Ferrari have too many 296's available due to some silly laws about some fuel stuff no one in these cars really care about and supercars are not causing major damage to tree's except when they hit them. I like the Ferrari hybrids as they use the tech well to make the car quicker not for range.
    Who knows maybe Ferrari are also keeping prices down to shift more to get data for themselves. It's not just the battery tech it's also the interface. I do believe they were forced to flood the market or this was their answer to avoid making an all electric car earlier. I kinda like their style.
     
  23. 599F1

    599F1 Formula Junior
    Rossa Subscribed

    Jun 5, 2023
    266
    Full Name:
    599F1
    It isn't a comparison between the two cars. the technology has certainly advanced since that time. I am talking about reliability which people seem to have an issue with. in my opinion this is unreasonable. we will see on the market. obviously, I don't have a crystal ball, but I can't see the one of the best cars ever made by the best brand having issues with resale. you can wait for the 2nd or 3rd generation, but that is a good 4 to 8 years from now so just enjoy the 296 while you have a chance. nobody is promised tomorrow. peace.
     
  24. F8F8evoevo

    F8F8evoevo Karting

    May 27, 2025
    122
    UK
    Reliability has little to do with Ferrari being 'one of the best cars ever made by the best brand', which is also debatable. If it were Porsche for example then reliability would be better as they have introduced this sooner and also own a battery company IIRC through Rimac / Bugatti. However, irrespective of who owns the brand and their reliability battery cells are a problem due to discharge / recharge / heat and then the rate of discharge and recharge which is where the Prius is different. Prius not being made for such rapid acceleration or top speed would mean the data is different as would be reliability. Batteries have always been fairly unreliable. They are affected badly by heat and rapid rate of recharge / discharge. These can be big issues. The technology needs to change and still has some time to develop. Supercars are extreme uses of the technology, unlike phones which still get hot and are affected by rapid charge. Then they are limited in cycles / how many times they can be charged / discharged. Solid state batteries need to be tested, this could be the next breakthrough which lasts some time before another change if there is another. Solid state would give for more reliability, less chance of expansion from heat and higher cycles.
    Then better processors / faster ECU to improve the interface.

    I think there are a few areas of improvement, but will also take time to get more money from the consumer. I don't think that the cells are so much of an issue financially as they are relatively small. I'm not anti-hybrid as many are. However, the 296 and SF90 do have issues that can be improved and I don't think it will be 4-8 years away. They will resolve the interface issues very soon, I would say this is imminent possibly a year or two which wont help 296 values and will become somewhat 'obsolete' in effect. Battery tech will take longer to improve but I don't see this as a major issue or as expensive as people may think. Resale issues are to do with over production and reluctance of some to change which will also improve as generally the younger generation just want the increase in power and quicker cars. I do believe these hybrids will take over. I currently drive an F8 and will change in 2 or 3 years but at the moment I would buy another F8. I am however open to change when the SF90 is updated to remove the lag issues, integration issues and real world data on costs of replacing cells, but a fair amount of data will be required as people will experience a different degree of issues. Sadly current tech of cells is unreliable, do degrade / cells fail - not Ferrari's fault at all. New tech would also lead to a reduction in weight. While a good % of people will not have many issues, they will still have some issues. One thing for sure is this method of using batteries for torque & it's increased acceleration and not range is a fantastic gamechanger making under 10 seconds 1/4 mile fairly easy. So much more fun to be had. I would not put people off buying one. Laws in the US are much better than here in the UK for this tech.
    This thread and peoples opinions here have given me a better appreciation of the 296 but my preference is the SF90. The tech is the same though. I also understand that I am not necessarily correct and these are only simple opinions.
    Peace and Respect... Always.
     
  25. lamborarijason

    lamborarijason Karting

    Sep 18, 2017
    188
    Full Name:
    Jason
    For the person who is considering 750S and 296, both amazing cars. Think of amount of driving you will be doing. Test drive both, then decide, simply the best way. From a stand still, press the gas pedal then see the difference in responds. One will be a lot more sluggish than the other, you going to feel that sluggishness outside of track as normal daily driving has a lot of stop and go, that sluggishness is not pleasant. The user interface in 296 is not as bad as people made it out to be. It is actually quite easy for me to use in my SF90, I am not tech savvy at all, looks super clean, a lot easier than dials in my previous Ferraries. If I am offered steering wheel update with buttons (which I thought kinda ugly), I would refuse it. In fact even if free + $10k cash, I will turn it down without thinking twice.

    I would pay a few million to have extra 4 to 8 years. Time is way more expensive, actually priceless, especially if considering amount of useful life a normal person have. If a person able to become accomplished enough to buy a Ferrari in this price range by age 35, which is already a miracle in itself. Really the useful life left to enjoy is about 35 years or so, assuming everythng is perfect, health is absolutely perfect, nothing bad happens in between. A person who is age 50 to 60, even less time. Not to mention the tech in 296 is pretty darn matured already. I am on my 4th hybrid super car, zero issue with all 4, all super enjoyable.

    Just IMO, love 296, a few possible reasons why resale not stronger despite subjectively being one of best Ferrari ever built, being V6 and styling was not as good as F8 (which was absolutely stunning) turn off some people and when it is not too hard to obtain, people tend to be on sidelines and not worried about missing out even if interested, unless suddenly a big drop in supply in open market within a short period of time. Considering it is now arguably best bargain supercar for the money and stock market has fully recovered from late Feb to mid April crash and then some. Price likely firm up. In addition all normal Ferrari go though a depreciation curve, F430, 458, 488, F8, no exception. I lost 27% with 488 in just one year back in 2017, didn't care, I drove it, worth every penny of depreciation. Lost $100k in 2 years with F8, didn't care, just kinda regret of not keeping it, trading it for a Porsche was a huge mistake. Market is just being normal again after a few years of post covid flippers market.

    It take just 1 person who buy a new Ferrari out of around 600k people in the world for Ferrari to sell entire annual production. Even being on the fence is a remarkable feat in that sense.
     
    RoadRonin, rmmcdaniel and 599F1 like this.

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