Having read a couple of stories on massive depreciation, what is the common consensus of the F430 F1 depreciation. Suppose you get one in 1Q 06, keep it for a year and then sell on. What would you expect to get for this assuming UK list of £129k. I realise this is theoretical, but I was wondering what the views might be on this. As an alternative, I have priced a LHD F430 in Europe and incl all taxes etc it comes to around £108k compared to UK same spec of £129k. Delivery time quoted as 18 months. Seems like a big difference to me for what is actually a better car (ie LHD). DB1
A LHD won't hold up better then a RHD in the uk. When RHD become more widely available LHD's really take a hit here. And residuals in Europe are always worse, so selling your LHD there won't help much.
Just my predicition. If you keep the RHD for 1 year and 5,000 miles bad colour combo: 105-110K Good colour combo: 110K-115K
Here Here, it will depend on supply and demand, economic conditions and a load of other things as well as luck or bad luck I say if you want one buy one and enjoy it, but don't buy one if you are going to always worry about resale value or you won't enjoy the ownership experience now where is that Crystal Ball
If you are worried about depreciation buy a small terraced house for £124k and watch it appreciate in value. Otherwise stop whingeing about loosing money and just buy one.
Thats a bit short sighted fellas! U'd be crazy to buy a car a not consider depreciation, unless ofcouorse you have more money than sense. I'm sure in the back of your minds you must have considered it... I would always look at purchase price, potential resale and running costs. Its common sense to me with any purchase be it house/car/hwatever. It has to be a good deal. I think most folks stretch themsevels as far as they can go and want the very best for the money they have, hence i would say the majority are extremely interested in depereciation. Just my tuppence worth though Over
Come on guys Whats the prob in some advise against what he may lose, When buying an Fcar its always afactor , however no prob in finding out how much the loss may be?? I would agree that it depends on economic and supply & demand issues, if the cars become available then the hit grows, Im hearing that the Spiders are available and its the Coupes that are difficult to source. JMView on things......buy it and enjoy..
Well i think they are building way more spiders than coupes, don't know what the split is though, do you?
And that's a WORLDWIDE figure over 5 years! About the same as GM churns out every morning before tea-break!
I'm sorry if I sounded cynical or negative but the reality is that a Ferrari, ANY Ferrari will cost big money be it in depreciation or servicing and repairing it. For example, I would think that my 355 will cost more to look after than it will in depreciation, but so what, I wanted a Ferrari and understood the costs involved so I accept that. I just struggle with the concept of someone who can afford a £124k car considering a LHD car to save a few bucks. Yeah, I considered depreciation....about as fleetingly as I considered the 10mpg potential of the car. You all know that a Ferrari is purchased with the heart not the head. Or was that just me?????
If your worried about deprecation when spending £129k on a car, you really should'nt be buying it or you can't really afford it!!!!!!!! IMO Buy it, use it, forget the depreciation!!!!!!!!!!!!!!!!
Not worrying about depreciation just smacks of the "money ain't a thing to me" so loved of the gangsta rappers. No-one on here can honestly say it feels good to lose money? (even if piloting one of Italy's finest) or worse still by doing the right thing someone has lost less money than you whilst having the same benefits? I appreciate that it is a necessary evil when dealing with such cars but surely it always makes sense to go into any deal well informed and with your eyes wide open? If you can't afford the depreciation then I agree you shouldn't be buying a Ferrari, but that is very different to worrying about it and trying to minimise it. It just strikes me as ironic sometimes that people here will worry about shopping around for the best insurance deal or baulk at an expensive part or service whilst simultaneously not worrying about the car shedding a grand a month.
Steve, you have a knack of finding a few words to say alot dude. Could'nt have put it better myself. Those of you who are worrying about the D word....go invest your dosh instead of enjoying it.
....in my experience people who take care of the pennies usually have the pounds... in any event, my REAL question was I am not convinced the PREMIUM on the RH drive car is worth the extra £20k, I believe the LHD is probably a better car given that that is how they are designed and given that both will have a similar depreciation....and in my case since i will mostly be driving in europe...
Most people in this country only buy a LHD to skip the list and save money. So you really have to take a view on how many rhd cars there will be when you come to sell. If there are alot, you will take a hit on a LHD (since only the saving money part of the argument will apply). If your going to use it on the continent, and selling it their won't put you out (private sales involve viewings within a reasonable distance of the buyer), then fair enough. Otherwise you will be left with the choices of: - selling it way below a RHD in the UK. - selling it to a dealer, here or in Europe. - selling it in Europe privately and having to arrange for the car to be there when some1 wants to view it. None of which are ideal.
Depreciation is hard to predict. Assume you will lose 20-25% year 1, and 40-50% over 3 years. You will be right more often then not. So say your buying a 120k car. If the odds are its going to lose ~20k in a year. There are 2 ways of looking at it: 1) Your paying alot of money to enjoy this car, so why compromise, buy the one you will enjoy most. 2) Compromise your choice of car, in order to save 5-10k (which your not certain to anyway). Now should a person to who'm 5-10k is worth compromising their choice in car be purchasing a 120k car? You can scale this down to say a 60k car and 3-5k difference in residuals etc. And whose getting their moneys worth? The guy who buys the car he wants, fully prepared to lose 25-30k and thus able to enjoy every moment without worrying. Or the guy who compromises his choice, and with every 100 miles has to look over his shoulder to check if the Depreciation Monster is coming. While still losing 15-20k in the process (at best)?
Yeah my view excatly . Why worry about stuff like depreciation. If you really are going to be worying about how much your car is worth every other month you never ever gonna enjoy it. Just for the record ------- I got a F430 in April and done 9000 miles so far. Went to chop in for a F430 spyder just yesterday and was told my car is worth only 100k today considering i paid around 150k 5 months ago.
