296 Values and Used Market | Page 88 | FerrariChat

296 Values and Used Market

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

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  1. uniqueMR

    uniqueMR Formula Junior
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    Sep 3, 2018
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    Mr. O
    Just wait. Not bottom yet. Mid to Fall 2025 will give you a good picture. Or wait til 2026..
     
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  2. carz80am

    carz80am Formula Junior
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    Sep 23, 2015
    691
    Deals are always out there. You could buy something now or wait till February but if you find the perfect spec, I'd try to make a deal on it now rather than get something you don't like for cheaper later. Coupes are well behind msrp, spiders can be had for behind as well. If you find a good deal on a 24 or 25 and its the right spec, I'd probably buy now.
     
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  3. mkraft3003

    mkraft3003 Formula 3
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    Aug 20, 2016
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    Also could wait until 2027/2028. If someone (not directed at you) sits in the sidelines forever they won’t have to worry about losing money as they will never buy anything. No one knows what tomorrow will bring.
     
  4. rsguy

    rsguy Formula Junior

    Jul 29, 2024
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    Costa
    Agree. Plenty of deals out there. The model is aging, so i wouldn’t wait if the right spec presents.
     
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  5. roma1280

    roma1280 F1 Rookie
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    Definitely bottoming, PM so you can buy mine lol
     
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  6. Elitecarguy

    Elitecarguy Karting

    Nov 26, 2022
    112
    Texas
    Yes, there are just a lot of bad-spec cars out there making it look worse than it is. They are sold out, so I can't order one.
     
    Saile likes this.
  7. Jeff296

    Jeff296 Rookie

    Apr 12, 2024
    10
    Temecula california
    Full Name:
    jeffrey lynn Kilpatrick
    I posted the wrong window sticker / the msrp was $436,529 — see attwchment— for my 2023 286GTB - in perfect condition, with 255 miles on the odometer. I paid $356,000 - or an $80,529 discount. The car had two years of bumper to bumper warranty and six years of maintenance coverage.

    I should have held out for $350,000 in retrospect - but I actually think the red interior and blu corsa exterior looks fantastic. It looks like the toy that it is after all.

    This car has a lot of the options I would order on a new 206 - and some - like all the carbon fiber exterior pieces- that I would never order. What I see is that options don’t impact the resell of the car much unfortunately.
    My guess is if I run the mileage up to say 3,000 miles in a year and want to sell the car I will find the value will be in the $300,000 range - costing me around $56,000 for a one year ownership and rather modest mileage — I hate to consider what this 296 will be worth after the warranty expires in 2026 and the car has around 3,500 plus miles — maybe $275,000 ???

    the fourth year warranty is around $10,000 - with battery protection Ferrari wants $31,500 — this is not going to be a cheap car to own. but I do believe it is the most beautiful and tasteful sports car made by Ferrari and the most fun to drive.




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  8. Shack

    Shack F1 Rookie
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    May 2, 2005
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    However bad the 296 is the SF90 is way worse. SF90's will be the bargain of the century IMO.
     
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  9. rsguy

    rsguy Formula Junior

    Jul 29, 2024
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    With the replacement due next year the future looks extremely bleak. I think it will be one of those Ferrari’s that never finds bottom until it inevitably reaches the breakers yard.
     
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  10. Caeruleus11

    Caeruleus11 F1 World Champ
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    Jun 11, 2013
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    You wont know a bottom, or a top for that matter, until you’ve passed it. The world is a very unstable place, and these are absolutely not necessities
     
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  11. Jo Sta7

    Jo Sta7 F1 Veteran
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    or 2027
     
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  12. Dino_Argento

    Dino_Argento Formula Junior

    Sep 22, 2017
    284
    London
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    Dino Diary
    Or 2028… or 2029…. Or I might be dead before then :) … I don’t try to time markets (and I used to invest for a living)
     
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  13. Turboboy70

    Turboboy70 Rookie

    Sep 2, 2015
    31
    Alberta Canada
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    Supercar Guy
    So my money would have been better parking it in a 10 year old Aventador?
     
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  14. Jo Sta7

    Jo Sta7 F1 Veteran
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    Better putting it into the SP500.
     
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  15. Elitecarguy

    Elitecarguy Karting

    Nov 26, 2022
    112
    Texas
    I think there are just alot of bad builds out there that no one is interested in. The good cars, at good prices, move.
     
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  16. rsguy

    rsguy Formula Junior

    Jul 29, 2024
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    #2191 rsguy, Dec 10, 2024
    Last edited: Dec 10, 2024
    Add to the above situation a polarising design with a significant increase in new price, add in hybridisation and other complex electonics which Ferrari is widely renowned for having poor reliability, - reduce user operation by imposing incredibly clumsy haptic controls with an extremely unfriendly MI whilst even further reducing general impracticality by the reduction and/or complete removal of storage space, further reduce exhaust note and driving emotions and voila, a model is created which holds appeal to only a very small bill of buyers - buyers whose main interest is badge cache and a need to be seen as successful.
    It should come as no surprise desirability for SF90 is virtually non existent at any price.
     
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  17. rsguy

    rsguy Formula Junior

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    #2192 rsguy, Dec 10, 2024
    Last edited: Dec 10, 2024
    With previous models there have always been predominantly bad builds on the secondary market due to the incredibly minimalistic approach Ferrari takes with offering standard equipment, making it extremely expensive for the buyer to put together a car by way of high cost options, options which by rights - given the entry price of the car - should be standard equipment in most cases.
    That situation has remained unchanged, so with 296 having a significant increase in price has now made it even more costly for the buyer to spec the car so it somehow represents the price - an impossible task in itself.
    So its hard to blame the current poor movement of the car on so called poorly/low specd cars when the ridiculous new price is clearly responsible for the entire situation.
    The whole scenario has come about purely due to Ferrari’s insatiable corporate greed where the new buyer is being forced to eat it at both ends of the stick and the secondary buyer wants no part of that arrangement.
    The used buyer just looks at the car for what its worth - which is clearly nowhere near what the new buyer paid - and matters only get worse if optioned heavily - again evidenced by those high cost options failing to achieve acceptable (or even any) return upon resale.
    The pricing structure of the car, where it needs a small fortune in options spent on it to look desirable is the core issue IMO. And only very few new buyers are prepared to play the option game.
    Add into the equation the inevitable unreliability factor along with the widely reported confounding MI/ haptic situation and the car loses even further appeal on a monitory basis.
    Again, it should come as no surprise why these new hybrids are not being snapped up enthusiastically by the usual secondary Ferrari buyer, least of all delivering acceptable returns. Its so obvious its not even worth discussing.
     
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  18. mkraft3003

    mkraft3003 Formula 3
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    But yet, you constantly keep discussing and saying the same thing!! Btw, where are your 765lt photos and do you still have the car?
     
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  19. rsguy

    rsguy Formula Junior

    Jul 29, 2024
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    Costa
    Agree time to close the thread - becoming circular.
    None of your business. Hardly motivated to oblige strangers or obvious associates of an individual who has displayed dishonesty and, an aggressive pattern toward me.
     
  20. mkraft3003

    mkraft3003 Formula 3
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    Great “excuse” when you get called out. How hard is it to post of photo of a car you claim to have owned or still own? Takes so much effort to get motivated to attach a photo. Guess people are free to make their own assumptions about someone’s credibility.

    I guess I fall into the strangers category as I don’t have any associates on here or know what your talking about with aggressive behavior towards you.

    Anyway back to the topic and let’s establish some clear facts, Most all cars depreciate. Ferrari will sell every car they produce and make huge profits. The secondary market stinks for most every new Ferrari model being produced but yet they are still sold out. People should buy a car to enjoy and expect to lose money.
     
  21. Gh21631

    Gh21631 F1 Veteran
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  22. mkraft3003

    mkraft3003 Formula 3
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  23. Shack

    Shack F1 Rookie
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    May 2, 2005
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    You copied mine dude !!!!!

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  24. mkraft3003

    mkraft3003 Formula 3
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    Burton!!!! Mine was #350 and was told they were maybe 4-6 Burton blues. I know one of them was in the UK (not sure if that’s yours)
     
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  25. Jo Sta7

    Jo Sta7 F1 Veteran
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