FF Market Price Quandry

Ferrari of Austin has one for $259K:

Ferrari For Sale - Austin, TX | Ferrari of Austin

 

Agree Ferrari of San Fran has 4 FF and they have been there for some time. They are not budging on price. I will wait until the dealers get real and take the hit. They can't carry te cost forever.

 

our day will come. I love the FF...tic toc

 

I don't get this one either! Virtually none of the advertised cars have sold in the last 6 months. Great car - going to buy one, but can't figure out why so many are sticking to their asking price. I was foolish and missed a great deal on one in the winter as I was trying to stick with my local dealer, but they never came through.
The prices eventually have to fall to create a market.

 

I'm wondering if that is a mis-type on the website. It is way out of line with the others that are listed. Unless it has 30k miles on it, but it is listed as new... I am curious as well, since an FF is on my buy list in the next couple of months. Planning to drive one soon to make sure before purchase...

 

Car has close to 10k in miles as does one at Ferrari of Seattle. Both priced about the same. Ferrari of Atlanta has one at about $260k but has no badges. Not a good looking car IMO

 

I purchased one last month. There is very little movement on price with any dealer. Made 3 offers and finally had to keep moving up my price. Not a great deal of them have been produced and the dealers can also use them as leverage on the F12.

I think the ff and F12 are similar and many Ff owners may not move to the F12...time will tell. The ff at $259 is then least expensive I have seen.

 

Details rather vague for this dealer.

 

Looked again. This car is actually in San Antonio. Same group, though...

 

I assume when you say $240k you're not talking about one of those crazy optioned-up dealer demo cars. I bought one of those with 2,400 miles on it a year ago and it was still $330k. To me it isn't much less than I paid, even with 6k miles on it, because FFs are becoming more rare (Ferrari's V12 line is now split between FF and F12 as opposed to the year when they only made the FF) and people are starting to appreciate them for the special cars they are. Plus it would take 4-6 months to get a new one ordered and delivered to replace it.

The big price drop will come when they come out with a major upgrade to the FF, or a replacement model, but I don't think that's going to happen for a couple of years. If the 612 had been four wheel drive and roomier they'd probably still be making it. The FF is the just the perfect replacement for that car. I never would have considered the 612 but I'd have a hard time parting with my FF.

People assume I'd give up my FF before my 458 Spider but I'm not so sure about that. I think a lot of the people who own them know now how special they are and won't part with them for cheap, including the dealers who have them in inventory. There are lots and lots of 458s and Californias out there but not so many FFs.

 

interesting post. Hong Kong is also in the uneasy stand-off between buyers at a price and sellers who aren't inclined

 

Expect to see the FF become a special order car like the 612 was in its last years of production. Market size is too small and car is too expensive for the dealers to order cars for open stock.

 

I thought they were special order now?

I know the dealers had to take one each as a demonstrator, but beyond that?

 

Joe, I know what you're trying to do with Algar, they are your "home" dealer and to keep things honky dory you want to deal with them on any transaction.

Just remember, despite the perhaps biased advice of some owners on this board, the FF is going nowhere but down in terms of value, no matter how great a car it is. I would love to have one myself, but with a 458 and a few other cars, no way I can swing it even at current used values.

To add another current data point, my local dealer has a very nice silverstone/cuoio 2012 FF with 2K miles on it, near new condition and very nicely optioned, for sale at an ASKING price of $265K. I'm guessing retail then is currently in the $250K range, as the car has sat for 6 - 8 wks at that advertised price. You can guess wholesale from there.

My guess is that even buying used, expect a $100K hit to use and drive the car for maybe 2 years or so. The 612 is the same model in the market, just 7 years older, use and depreciation costs will be similar, I bet.

Good luck.

 

Whichever way you do the maths, FF's are a V12 Fcar and prices are dropping.

I was thinking about selling mine recently to go into an F12, but decided against it on resale price. In pure man-think mode, I figured I've taken the brunt of the depreciation, so may as well enjoy it for a while longer as the rate depreciation slows. I suspect there are a few owners in this category.

 

I think this is right. Unless you absolutely must have the incremental perfromance of the f12, you are better off not getting into one. If you do you will take yet another hit on intial depreciation as the market for them calms down. Meanwhile enjoy your FF. It will do things that f12 cannot.

 

I bought my 2012 FF (Neiman Marcus edition) at 258 miles as second owner for favorable price point last year but I would probably get mediocre trade-in since my local F-dealer already has two FF sitting on the lot. Dealer is still pushing for $327K for one with one with 2,700 miles, and unlisted price (presumably higher) for the one with only 400 miles.

Dave

 

Real test is what dealers offer for FF. My guess is nowhere near to their asking prices.

 

FWIW, met a Algar rep at C&C late last year. He said that the FF's weren't selling very well, so what has happened is that the Ferrari dealers will give you a LOT more trade-in value for your car than what it is actually worth, so that they won't have to discount the FF very much from sticker. So, if you want to buy a FF, I suggest trading in at least one car with the purchase. You might be very surprised at the total package price.

 

Yep, that way the sales/price returns to Ferrari are what Ferrari are requiring (no discount) of franchises, the reduction in margin (a flat sales P&L) is eaten by the dealer.

 

Conceptually I agree with you. When I wanted to trade in my 2012 California for a used FF a dealer out west offered me $5k LESS than what my local dealer offered me for the California if I traded it in and waited for my slot for an F12. Based on my experience, so far there is NO deal on the used FF's and will wait until the dealers take the hit.