I know it's a ways off and may be hard to tell, but what do you think the 458 will go for in 10-15 years? I just started randomly thinking about it and couldn't really set a range it would be in. It would be interesting to hear some opinions and reasons why it will be that much.
Using a 360/430 for the sake of comparisons, I figure the 458 will be about the same depreciation scale if not slightly better than the 430. my $.02 cheers!
So many variables: -- Demand for this particular model will depend to a large extent on what comes after -- models we haven't even seen yet. -- Economic conditions -- Regulations -- will you be allowed to drive them or ruled off by CO2 emissions craziness? Don't worry. Be happy. Get one if you can find the means, and enjoy it.
Agreed. Besides, who even knows what the value of a dollar will be in 15 years? If you look at current 308 prices, they seem pretty similar to 1980 delivery prices. You would say there is "no depreciation"-- but you would be wrong. 1980 dollars are worth far more than 2012 dollars so you need a lot more of them to be equal in value. Gas was about 50 cents a gallon then vs $4 today. There's too many factors to even guess. For sure, it will be worth less. How much less is anyone's guess. I do agree that it's quite possible that legislation in the future will outlaw or greatly restrict exotics by their emissions, fuel ratings, safety issues, or the price and availability of gasoline that can be used in them. This is one reason I believe Ferrari is making some push in hybrids. The new Enzo will be one and it will finally show that electric/Kers can be part of Ferrari's future -- and get legislative pressure off their backs. I would also argue that the reason Ferrari's don't devalue as much as others is because each new model is more expensive than the past -- and by a lot. The F430 spider was $210K or there abouts. The 459 is $257K and with options prices almost double in some cases. How long can that go on? At some point, people will simply not pay for a more expensive car. Is the next 458 starting at a base of 300K and going up from there? Keep on that trend and 15 years from now the base 2 seat sports car will be over $1M. How much will a 458 be worth then versus spending $1M for a new car?
1999 360 for proper car is around 70-75k ish 2005 f430 for proper car is around 125-130k ish this car depreciated less than sl65 s65 or any other ultra expensive production car, which is pretty damn good.
I agree with post. I have owned a 360, 430 and now a 458 so I have watched these change in value over the years. All of these cars depreciate as the years go by. The interesting part is Ferraris stop losing value and then slowly start going back up. So in ten years the car in current money will be about what is was new. Of course the money is not worth what is was when the car was new When ferrari started to make so many more cars in each model my Ferrari freinds said the value for these cars would not go up as before. It turned out not to be the case. we are still only talking 3000 or so cars a year for the world. I am not sure of the real amount that is my estimate. My only complaint is you cannot get manual cars in Ferrari or lambo anymore. I had a manual 2004 lambo that I wish I still had and my 360 that was manual. I think manual cars will grow in value alot. The 430 paddles shifters where not smooth. The 458 with dual clutch is fast and smooth. My dealer tried to get Ferrari to give me a price on a manual 599. They did make these so the design was already done. They would not even give me a price. Not at any price they told me. Lee
I saw one about 6-8 months ago at The Collection in Miami / Coral Gables that was a 599 with stick. Very rare. It was ordered for a VIP customer but they bought something bigger and better.
The pluses and minues: http://www.ferrarichat.com/forum/showthread.php?t=367669 http://www.ferrarichat.com/forum/showthread.php?t=371766
"So in ten years the car in current money will be about what is was new. Of course the money is not worth what is was when the car was new" As the 2013s are now available, I would doubt that anyone selling a 2003 Modena would get, in current money, what they paid new. I just traded in an 04 Modena for a 458 and got about a third of the original price. It also depends on where you live. My 04 Modena cost way more in Canada than a US car because the Canadian dollar was low in comparison. Now, not so much, so a 458 in Canada is not that much more than my 360 was 8+ years ago.
As an aside the "average" length of any world Democracy (I know Greece lasted 300 years) is about 200 years. The Declaration of Independence was written in 1776. At least the U.S. and clearly Europe is now feeling the effects of what is called the "Trajedy of the Commons", i.e. we will not give up what we have and don't care about what happens to others or even our own future, and after a period of time realize that by electing the "right people" we get a bigger share of the country's treasury, that is until those who pay into it are either dead or broke. Society changes from one that admires and respects "success" to one that loathes and begrudges those who succeed, and all the trimming , i.e. Ferrari's. This leads to "new ideas" about a better society, of course flawed from the outset (Read George Orwells Animal Farm to dispel doubt). I always wonder when someone asks about "15 years" into the future, what life will really be like? Thus far, we have not realized real calamity so can hardly envirion it. However, continually get closer to the edge of a cliff and sooner or later someone falls. By 2027 what will a Ferrari look like or what appeal it will have? I suspect you will find some real bargains.Best
Not too far off the mark. Take a look at Italiy's increasing trade deficit. It should have never given up the lira for the euro. Italy simply is not competitive. It cannot manipulate the Euro. Best
It's more like 8'000 now. 3'000 was something like 15 years ago. This does not matter so much as there are several new markets for Ferrari today which did not exist before (China, Japan, Russia...). The number of cars sold in the States or in Europe has not increased that much.
If this were 1997 and someone asked about Ferrari prices 15 years in the future, we would have talked only about the car models, historical depreciation, etc. Ask the same question today, and we talk about the stability of the world economic system, lifetimes of democracies, the Italian economy, and whether the cars will be ruled off the road altogether. The world has changed. If you have the means, get a 458 now.
An F40 with miles sells for about what it cost to buy it new 20 years ago but today's $ is worth less than a $ was worth in 1991. Think about the specialness of an F40 vs a 458 and the number of 458's that will exist in 15 years.
No offence intended, but I hope all you guys lose your shirts on the 458 so that I can swoop in and pick up a bargain!
I think at least as low as 360's, maybe less? Reason: most of the ones that will be unloaded by their original owners will have issues the next buyer will have to pick up, and they will be much more expensive than 360's and maybe 430's. The more techno that goes into these cars, they are just going to be insanely expensive to repair. I saw in Forza mag where on a 430, the carbon brakes are $8000 per axel, not counting the rotors! Look at 12 cylinder F cars how most plummet in price. What's it going to cost to repair the new KERS systems and four wheel drive?
You heard wrong. About $25K. I suspect it will drop as more of them are rebuilt instead of replaced. The R and R is pretty easy. 355's needed valve jobs. Other cars need expensive engine out service. It's all the same.
