F8 - F8 Tributo Price Trends | Page 12 | FerrariChat

F8 F8 Tributo Price Trends

Discussion in '458 Italia/488/F8' started by Bell911, Mar 22, 2022.

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  1. 05F430F1

    05F430F1 F1 Rookie
    Silver Subscribed

    Oct 22, 2005
    3,084
    Fort Lauderdale, Florida
    Full Name:
    Todd
    time to go for 812 I guess Mrpseudonym
     
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  2. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed

    For what that car sold for you could have bought a spare set of stock rims and tires and still had a great deal. Problem solved.
     
    05F430F1 likes this.
  3. Mrpseudonym

    Mrpseudonym Formula Junior
    Silver Subscribed

    Nov 7, 2020
    462
    Sydney, Australia
    488 is more attainable :)
     
  4. Orinda

    Orinda Rookie

    Aug 21, 2023
    25
    Hello
    Happy Monday, Hope everyone had a great wkend. I know we all had several discussions about this F8S. Interesting enough, we dont have to wonder where it went anymore…It just showed up this morning @ Foreign Cars Italia -Greensboro. It sold on BAT including Fee’s for 399,500 + Shipping etc. and NOW they are selling it for 465K…Not a bad 65K profit? And shows that ForeignAffairsMotors sold it to them…


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  5. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    1,934
    Tampa, Fl
    It goes without saying but you don’t make “profit” until it sells. What they are “asking” and what it “sells” for are two different things. So they aren’t making 65k profit. (I know I’m stating the obvious and your point is well taken that it will be a nice profit by the end dealer)

    As I’ve pointed out and I think everyone knows foreign affairs is bidding and winning a ton of auctions. They are getting the cars at essentially wholesale and then flipping them to dealers who are marking them up. I’d make a wild guess that foreign affairs is selling them for 5-10k more than they are paying and making quick and easy profit.
     
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  6. Bernie B

    Bernie B Karting
    Silver Subscribed

    Nov 6, 2020
    188
    Chicago, IL Area
    Full Name:
    Bernie
    Agreed. The dealer will undoubtedly turn a profit. However, it will not be $65K! They must condition the car and that can run several thousand dollars alone. Plus, the listing price and sale price can have a big delta these days.
     
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  7. 05F430F1

    05F430F1 F1 Rookie
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    Oct 22, 2005
    3,084
    Fort Lauderdale, Florida
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    Todd
    Now everyone is finally starting to get what BAT is there for and what happens to the overwhelming majority of all exotic sales on that site. — AND the bonus, as I stated before, is that it gives the unknowing people a false market value so that the dealers can then also, get their cars directly on trade-in for around those numbers. It’s a pure manipulation. Which is fine as long as everyone knows and stops acting all surprised when a car sells at a number that seems really good.


    Sent from my iPhone using FerrariChat
     
    RoadRonin likes this.
  8. Orinda

    Orinda Rookie

    Aug 21, 2023
    25

    Yes, your absolutely right, 65k is not their profit margin and somewhere in there they are paying out 6% commission to their sales guys? So what are they really left with? Some of these cars sit around for 1-4 months?
     
  9. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    1,934
    Tampa, Fl
    Agreed. I do Think most people understood that and that the large number, if not majority, of deals are being flipped.

    I think the important part is any regular person can buy and get a great deal. Not everyone can go to Mannheim and buy cars at wholesale as that’s for dealers. If you have cash or your own financing, can arrange transportation you can get a steal and get wholesale pricing.
     
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  10. mdrums

    mdrums Formula 3
    Silver Subscribed

    Jun 11, 2006
    2,375
    Tampa FL
    thoughts... this F8 Spider will sell for around/close to $440k
     
  11. FrancisK

    FrancisK Formula 3
    Rossa Subscribed

    Oct 22, 2021
    1,207
    Midwest
    The dealer itself will be lucky to make 10k after all is said and done but they will do well on the financing and the exposure is also good for them....it's not a bad move.
     
  12. Don't forget the carrying costs a dealer has to pay to "display" one of these cars.

    From the floorplan, to the interest, to the insurance, etc.

    It's not a zero cost listing.
     
    Orinda likes this.
  13. Thecadster

    Thecadster F1 Veteran
    Rossa Subscribed

    Apr 27, 2017
    6,796
    Indeed, along with facility, utilities, commission, taxes, etc. And that is all minor stuff compared to the inherent risk of carrying a depreciating asset.
     
  14. RoyalPink

    RoyalPink Formula 3
    Rossa Subscribed Silver Subscribed

    Mar 18, 2019
    1,227
    Southern Utah
    Full Name:
    John D.
    Yep. Everything is a cost and baked in. Even the free Danish and espressos.
     
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  15. jordanfsl

    jordanfsl Formula Junior

    Dec 11, 2010
    539
    Los Angeles
    wait, there is supposed to be free Danish and espressos? I'm missing out!
     
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  16. We get fresh baked Crumbl cookies and Nespresso.

    My dealer offers espresso, but for the life of me I can't figure out how to use the damn contraption.
     
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  17. mdrums

    mdrums Formula 3
    Silver Subscribed

    Jun 11, 2006
    2,375
    Tampa FL
    My dealer doesn't even have free water! LOL
     
  18. vdm9

    vdm9 Formula Junior
    Silver Subscribed

    May 11, 2014
    295
    long island new york
    Full Name:
    vasilios
    At my dealer dirty looks are still free!!!
     

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