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458 and 488 price parity...

Discussion in '458 Italia/488/F8' started by dann0, Oct 25, 2019.

  1. Shadowfax

    Shadowfax Formula 3

    Jun 10, 2016
    2,321
    Australia
    #76 Shadowfax, Oct 29, 2019
    Last edited: Oct 29, 2019
    The level of desperation appears to have little relativity at the moment because where one sells 3 more appear. There are a lot more available for sale than what appears on car sales too - i recall being advised not to list mine at the time as it will only worsen the situation further. There is usually more used stock at the dealers than what is listed too. At one point a price has to be taken regardless of how desperate the sale is. It comes down to whether you want to sell or continue to hold out for a sale that in reality will never happen at that price. I recall a 2018 being sold for under 350 drive away and it had sub 1K on the odo. I also recall taking a 200K hit on mine for similar reasons that later models with equal options could be had for less and, on today's scale it would be worse. I'm so glad I bit the bullet and took the price I did. It's a case of taking the bird in the hand if you get lucky enough to have one take interest.

    Take your 488 or 458 into a dealer today and ask what they will pay you right here and now to get out of it you wont like what they offer you. This is why the prices are all over the place. Everyone is asking and hoping but so few are buying unless the price is sub 350 and even then aren't flying out the door. It will be worse when F8 arrives and the flippers start up again. I really feel sorry for those guys. They will be smashed. Sometimes its just best to take the price and move on and pick your loss back up on the money through other means. Bottom line is you pay a lot for these cars new and get very little back now. This can only mean these cars are way overpriced new or, they have made so many the money just isn't there on the used market to absorb the numbers least of all return an acceptable resale value and sale time frame for the guy who paid a packet new. F8 will be exactly the same.
     
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  2. MANDALAY

    MANDALAY Formula 3
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    May 23, 2013
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    I do consider myself very lucky that i was able to spec a 488 GTB exactly they way i wanted. Depreciation was never a factor as I just wrote of the amount. I enjoy and love my 488 GTB and so glad that I have her. So I fall into the category that I don't have to sell.

    If the change over was an acceptable amount i would get a F8 but at 200 k and over its just not worth it. In a way all im doing is giving it to the government , well 150k of it will be theirs. Buggered if i am going to give them any more !.....

    Lets see how things pan out in 2 years time at the end of the F8 but all indications are that it will be worse , given im sure we are going into a global recession.

    488 GTB great car !!!!!
     
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  3. MANDALAY

    MANDALAY Formula 3
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    May 23, 2013
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    You know its interesting in Vic there is only 4, 488 GTB for sale privately. One which is ridiculously priced 2016 and the spec, Meh. 3 at non Ferrari dealers ( IMO i wouldnt ever buy from any of them , that's IMO )
    Zero from Zagames, I guess they are not advertising but on their web they have zero. Interesting they have a 2019 911 GT3 with only 45 kms ? May had to trade it to get their Pista
    Next weeks open day Ferrari at Zagames , ill see how many they actually have.

    Here in Vic its against the law to have consignment. So either they have cars or they don't. So really there isn't a plentiful supply down here.

    But I have never bought secondhand so I don't know if a Ferrari buyer would travel out of their state ?
     
  4. veilstylez

    veilstylez Formula Junior
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    Jun 12, 2005
    261
    SoCal
    I totally get it. ...the prices for 488 as they are closer to a 458 is very tempting even for me...why not for a faster car newer car. But the sound of a car is just too important for me more so over power so Im sticking to the 458. BUTTTT I would take the looks of a pista over sound.
     
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  5. Shadowfax

    Shadowfax Formula 3

    Jun 10, 2016
    2,321
    Australia
    Yep the prices are all over the place big time which is confusing and scaring the buyers, making it tough for the dealers to get sales over the line. You have a 2016 for 590 and another 2016 for 365. Most of the cars asking above 400 have been there since forever. The 2016 in that level of spec should be worth somewhere between 300 to 340 drive away based upon what later models have moved for. Most owners are destined for a 200k hit or more. These cars are also aging now and 2020 is only 2 months off so they will really need to sell some of these before new years. Re the 2018 gt3, I suspect a few have to trade their 488 along with another toy for the Pista instead of coming up with the money for the shortfall.
     
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  6. Franchise1450

    Franchise1450 Rookie

    Apr 20, 2019
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    Franchise
    I own a 458 Italia (first and only Ferrari to date) but drove the 488 spider in Italy for a week a few years back and put hundreds of miles on her racing around Tuscany on a trip from northern Italy to Rome (As a side note anyone reading this needs to do this, it was $600 a day through Kings Rent a car and I firmly believe there is no better use of a Ferrari then driving in Italy. The people love them (and I mean LOVE them), there are no speed limits, it was heaven on earth).

    I loved the 488, and it gave me the Ferrari bug, but I ended up buying the 458 due to price and more importantly the NA V8. I actually think the transmission and stability is better in the 488, but the sound is about half as good. Looks to me are a toss up.

    You really cannot go wrong either way, but for the money, the simplicity, the NA V8, and as an added bonus lack of any real depreciation recently, the 458 has my vote. And it needs to be RED ON TAN, no other color will do for me on a 458.
     
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  7. Carnut

    Carnut F1 Rookie
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    Nov 3, 2003
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    Sometimes there is a positive point to my condition. I just bought Ferrari #8 (a white 458 spider), but cars must all have a purpose for me. So if your purpose is to own a Ferrari than either car is fine. There was a time that I was a good enough driver to consider going pro, and though those days are long past me I can still handle a car pretty well (I have to if I want to stay alive considering what I do to some of my cars), and I have driven varieties of both, and where I live (I can only speak from that), there is nothing the 488 can do that the 458 cannot. What I mean is on public roads driving even aggressively legal (my new term), there is not really much of a difference between the way the two cars perform. I think the 458 sounds better, the 488 is more modern on the inside, I think they both look good. My purpose for the 458 spider was hey I always wanted a white Ferrari, and it has a nice non carbon fibered up interior (I have had my fill of CF all over the car). Figure out your purpose for a car, and will figure out what car suits that purpose.
     
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