296 Values and Used Market

Highly optioned 296s have depreciated a lot (for Ferraris) but low optioned cars have held a fair amount of their values. The car looks great fairly stock IMHO.

 

Another data point is that F8s are selling higher than 296s, which is comical. I think many buyers are concerned with or do not like the hybrid configuration (which, in my view will change over time). Also a lot of people configured both the coupe and spider at the same time. Hence, many are selling their coupes now for the spider This should disapate over time. I would guess coupe prices stay the same or even increase over the next year or two. We will see.

 

I would go check the SF90 board.

 

At the bottom- Low spec GTS 10%. High spec 20%. So you’re partly correct at the low end of transactions at auction. And I made numerous offers at 20% off and I could not strike a deal. So there’s some data.

And dealers I have spoken with have told me they have been getting closer to sticker than the auctions- that’s at least valid to the extent that they did turn me down my offers.

There are many people making an effort to show the car as negatively as possible (Luddite hybrids). So I’m sensitive to the FUD considering how phenomenal the car actually is.

 

It actually ended up selling for $345k. Highest bidder really wanted it.

Still almost a $120k loss after a year of ownership.

 

Uh…. I know there are at least a couple here on FChat.

Myself, I don’t know anyone (personally IRL) who has had both. Nor do I know (personally IRL) who has one or the other. I have the 296GTS which is a fantastic car for sure.