488 Pista Values

Not a dealer but a car broker...

https://www.pistonheads.com/classifieds/used-cars/ferrari/488-pista/ferrari-488-pista-coupe--huge-spec-available-immediately/10112338

 

This is very true with Pista given another Ferrari was required to get allocation. Not many talk about the loss at changeover but from my own position taking into account the cost of use of my entry 488 car I'm a good 100 over MSRP. Now will I get that back on resale of Pista? Probably not but then if I bought an F8 I'd be even further back again when I sold that car. So what's it matter?

So in the case of Pista, to allow a purchasing decision to be dictated by NOT paying over msrp when all those who got allocation did - and, in most cases significantly more than the prices being asked today - makes no sense whatsoever especially when it's clear the Pista is not only the superior car but will remain the more desirable car on the used marketplace for years to come. So what's wrong with paying overs again? To me if one can get a deal on a Pista over Msrp I'd buy it as chances are I'm paying less than the guy who originally bought it anyway!

Getting stuck on not paying over MSRP is a complete waste of time and energy especially if the car is immediately available and good to go. Better than waiting 12 months for a car which isn't as good and bound to drop a ton of $.

 

The fixation and redundancy of bashing the F8 is beyond wearing thin, that ship sailed weeks ago.

 

Who is bashing the F8? Are we reading the same posts??

 

Maybe some paranoia is setting in? Heck all I did was articulate my own position on the topic and now I'm being called out for bashing just for offering my own POV on why I see paying over MSRP for a Pista is no big deal at all weighing everything up.

 

To add some data point - the Pozzi Ferrari dealer (Paris / Le Mans) had a Pista, initially advertised at EUR 420K and then reduced to EUR 380K. It's not there anymore, so it's probably been sold (it could have been withdrawn, but the advertised price reduction seems to support a willingness to sell).
It was apparently a light spec, without stripe - so an initial cost of maybe EUR 340 / 350K. In France we did not have this game of buying another car to secure an allocation, so that's about the buying price going back to the initial owner considering the commission of the dealer and the cost of having kept the car for a while (insurance, storage...), virtually without using it (it had 1400 km, less than 1000 miles).
An F8 will certainly not be as good regarding depreciation, but at least one will be able to use it - my guess is that the Pista actually being driven will lose a lot on the second hand market.
If I wanted to be controversial, I'd say some prefer to drive and some prefer to overpay in order to show-off (but I didn't say it, did I? )

 

Buying a car that creates anxiety for the owner due to the ominous cloud of depreciation hovering which results in the fear of putting miles on it, defeats the purpose of owning these marvelous machines. This dilemma may apply to the Pista vs the F8. Since the Pista is the more collectable car, mileage will have a proportionately greater deleterious impact on depreciation, thereby possibly resulting in a disincentive to drive the car. F8 owners will not suffer this fear and be more amenable to unreservedly getting behind the wheel.

 

The depreciation argument really wears thin There are way more items one buys that make car depreciation look small (hi end clothing, jewellery, tech etc etc). Yet we don't care.

Pay to play people or "get off the bus". Life is too short to worry about it and be thankful we can indulge.

 

I agree. Depreciation is the most frequently discussed topic on this forum. Spending hundreds of thousands of dollars on a depreciating asset is not a prudent financial decision. If the purchase provides pleasure and the enhancement of enjoyment of life, then it is priceless.

 

I couldn't imagine owning a car and worry about driving it because of miles or depreciation. Furthest thing from my mind actually. I DD these cars 99% of the time. I'm fortunate to be able to do so living in the SW.

2018 AMG GTR (sold) - 15 months and 11K miles
2019 Huracan - 8 months and 5300 miles
2019 GT3 RS - 3 months and 3200 miles

RS would easily have close to 5K miles but I had to cancel a road trip to Laguna Seca in October.

 

a light spec car without a stripe is in the range of 320 k. List of the car is in europe 285 k. So Pozzi obviously made some nice cash. But who actually cares ?

 

Dupont shows ten vehicles for sale with prices between 475 to 580K. Mileage for all is low so as to be immaterial. If you desire a Pista, there are cars for sale in the States.

 

Definitely not - with CPAC (mandatory option) the price in France without any option was EUR 317K, and such a spec (ordering without any option) is very unlikely - my tentative light spec (with a stripe, I have to admit) was EUR 360K.

 

So the price in Germany is different a lot than in France I guess. Correct ?

 

VAT in France is 20% instead of 19% in Germany, and I'm not sure about the CPAC requirement in Germany - without it, the french advertised price was EUR 292K (except that it was impossible to not take it, so that the actual price was at least 317K).
There are also significant additional registration fees on top of that.

 

CPAC is the carbon stuff in the engine bay plus diffusor plus most of the front, right ? It was , is all standard at the net price of 247 euros plus Vat. Never heard of mandatory specs you had to take. I ordered the car just like i wanted it to be, thats it. May be its a low cost not sellable only scrapable speced car but actually I dont care. I just like it as it is. Point finale

 

So the German price was actually lower - lucky you

 

Pagani Beverly hill sold their red pista for 20k over MSRP.

 

No porn allowed here man, you can get banned for that!
This car is DUCKING beatiful! Duck me!

 

Screw you too!!
Oh envy is such an ugly thing....youre better than this Paulo come on!

 

$20k over....might just get another one to replace the one we sold!

 

So if the dealer's commission is similar as in France, the initial owner just went through the hassle of buying a car to get his money back without having used the car (since I assume low mileage is a given).
Even if times are tough, I hope there are better investment opportunities for those looking for money.
... and now waiting for proud Pista owners ready to argue how much more than MSRP their car is and will be forever...

 

Buyers were given the false impression that they would be able to sell their cars for a big premium. I know some that have and there is still a premium but very spec dependent. Even so, the amounts over MSRP are probably 1/2 or less from what dealers claimed.

 

Original owner broke even or possibly lost money considering dealer's comission and TTL

 

It's not as simple as this.

People who are in line or want to move up in line will take cars offered to them even if they don't want them long term. They just sell them quickly. Whether people will continue to do this in the future remains to be seen. (speaking from a USA perspective).