News

Depreciation...

Discussion in 'United Kingdom' started by phil612, Apr 22, 2004.

  1. phil612

    phil612 Karting

    Apr 22, 2004
    239
    UK
    Hi guys, I've got a 612 on order for delivery early next year.

    And while I intend to keep it indefinitely I would like to know what I can expect from a depreciation point of view... Will it loose the most in the first year or progressively over time? What should I expect the value to be (%) after 3 years?
     
  2. robinh

    robinh Formula Junior

    Jan 3, 2004
    622
    Cambridgeshire, Engl
    Full Name:
    Robin
    This is a very tough question to ask on a new car.

    My understanding of the V12 ferrari market is that they have a tendancy to lose quite a bit straight off the bat, perhaps the opposite to the V8's.

    The reviews of the 612 have been great however and while some don't think it's the best looking car Ferrari have made these reviews may help. Perhaps the best thing to do is look at how the previous V12 models did, including the 550 and 575
     
  3. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    44,339
    Texas!
    Things might be different in the UK. But, here in the states, my guess is that a new 612 will depreciate roughly 30% in three years.

    Take care, DrTax
     
  4. Daytonafan

    Daytonafan F1 Rookie

    Oct 18, 2003
    2,695
    Surrey, England
    Full Name:
    Matthew
    Traditionally 4 seater Ferrari's have not held their value compared to the 2 seater equivalents.

    The 456 has always been a big depreciator, One fresh out of the showroom now would probably struggle to make £100k on the used market. Once the novelty of the 612 has worn off I expect it will be in the same boat.
     
  5. 456mgt

    456mgt Formula Junior

    Mar 24, 2002
    628
    Cambridge UK
    Full Name:
    Kevin
    It would be nice if the 612 bucked the V12/ 2+2 trend, but I don't think it will. If that's right, depreciation will be somewhere between 40 and 50% over two years. I suspect there will be a level period of a few months while there's still a significant waiting list, but then... The aftermarket (people like me) won't be buying at anywhere remotely close to list.

    Kevin
     
  6. Ade

    Ade Formula 3

    Jan 31, 2004
    2,095
    UK
    What it the list price for the 612? plus extras?

    It will be interesting to see how the 360CS holds it's value compared to the 612 - cause they are about the same price bracket right??

    I would have thought the 360CS will keep its value better.....?
     
  7. phil612

    phil612 Karting

    Apr 22, 2004
    239
    UK
    £170,000 basic
    £7,500 F1A gearbox*
    £more... SatNav, etc.

    * Not accurate price but within a few hundred
     
  8. Ade

    Ade Formula 3

    Jan 31, 2004
    2,095
    UK
    blimey.. thats not cheap. I reckon one with 10K extras will be down to around 110K after 3 yrs (private sale) from seeing what the 550/456s did. I guess part of the problem for secondhand V12s, is that new parts are twice as expensive as the V8s, therefore puts people off in the secondhand market.... I could be wrong tho.

    Are you undecided on buying, or just trying to put a budget together?
    Ade
     
  9. noony

    noony F1 Veteran

    Nov 25, 2003
    5,903
    Seoul
    Full Name:
    Johnathan
    For £170k you could get a 996 turbo(4 sort of useable seats, cheaper to run, reliable) and a 360 fun car.
     
  10. exiges

    exiges Karting

    Feb 26, 2004
    199
    Midlands
    Full Name:
    David Brown
    As mentioned above, I don't think anyone is denying it's a great car, but I think it's overpriced what it is.. and unless you REALLY REALLY want one, you'll plump for a V8 for half the price.
     
  11. phil612

    phil612 Karting

    Apr 22, 2004
    239
    UK
    Oh no, it's ordered.. delivery end of the year / beginning of next.
     

Share This Page