Paging @toddcloud for one of his one word responses (without getting banned). Sent from my iPhone using FerrariChat
Can't believe someone ordered new w/o CF steering wheel, but looks like nice car https://bringatrailer.com/listing/2014-ferrari-458-spider-22/
Sold at $238k - https://bringatrailer.com/listing/2015-ferrari-458-spider-11/ At 300k sticker, that’s $62k for 9 years of ownership. $6900/yr. $575/month. As expected, these cars are incredible bargains to own. When looking purely at depreciation, the opportunity cost of the cash allocation is more expensive than the depreciation of the vehicle! Factoring in other costs (fuel, maintenance, etc) which I think most would say on average is pretty acceptable for a Ferrari, there’s a reason none of us want to sell ours. One of the best cars ever made and the market reflects that. Cheers 458 owners
From the comments the high bidder ended up buying it. It was previously listed for $275k, I'd guess it sold around $250k. Personally I loved the spec, gorgeous color combination, lifter, and I don't like any CF except the seats.
Thanks but semantics really, the point of the exercise is to gauge market value, and the 458 passed with flying colors given this very example. Market spoke and bid it to 238k ie market says value on this car at this very moment in time is 238k. The fact the reserve wasn’t hit further proves what a great job 458’s do at holding value, and for good reason.
Perhaps you are looking at a different link? Different data? Maybe you mis-posted here? Because every single thing about the auction further solidifies what strong values the 458 commands. The buying market literally said “i will pay you 62k less than you paid for that car 9 years ago, that’s 20% depreciation over NINE YEARS. Great offer right?” And the seller said “no thanks, I would rather keep it”. That’s an annual depreciation of 2.3%, on average, over those 9 years. The average depreciation for vehicles on the road is SEVEN TIMES that. Can’t be any clearer. What you shared is in fact nearly perfect evidence of the strength of the 458 market. Whether or not the seller decided to sell, this car dropped 2% a year over 9 years and that’s well under average. Thank you for sharing the BAT link.
Look a the topic title of this post. It's asking the question of the trend line of the 458. Auction houses, like BAT, set reserves at what they think the market will support for a car of similar ilk, in this case a 15k mile 2015 458 Spider. The market in that auction obviously spoke. It did not meet reserve. (Now, you may or may not agree with how reserves are set, either by BAT or any other auction houses, but it is one data point based on arguably the most objective basis we have (i.e., some combo of historical data and algorithmic calculations.) Hence, the trend line could be presumed to be trending down, which is what this post is about. If you want to discuss whether a 458 is a good investment, or holding value in a static sense, that's fine, but this is not the thread for it.
Thanks for clarifying, that’s helpful in framing the conversation. To say an overall depreciation perspective is not warranted in a depreciation trend discussion is likely the start of why you continue to question the factual direction of the trend. Perhaps looking at the data leads you to a conclusion you aren’t fond of, so sure from that perspective I can see why you would choose to disassociate overall depreciation in a discussion about trend. And to that end - good luck in your effort, cheers
Based only on those who are aware of and registered to bid on BAT, that group of buyers was willing to pay $243K for this car (w/ buyer's premium).
BAT will be gone within 2 years… just another money making scheme is all it is. Sent from my iPhone using FerrariChat
Greetings, amazing Ferrari community. I want to check with you on pricing of this car https://www.autotrader.com/marketplace/buy/ferrari/458-italia/2013/ZFF67NFA2D0189230 Is it a reasonable price for this spec, year, mileage? Thanks in advance!
Agree. The few interactions I've had w/them were overwhelmingly negative. Sooner or later it catches up w/them...
Bat gone within 2 years? I’d be shocked if that happens. They have gotten huge. Too big in my opinion. There are cars on there that to me seem like Craigslist or autotrader cars. Also sometimes weird toys etc. That said I’ve sold 6 cars on there and all of the sales and auctions went very smooth.
Ever since eBay died for cars I don’t see BAT going anywhere for a while. They have the user base and infrastructure to last a while.
