Need advice on pricing F12 for fast sale

Do you have any other pictures of the car showing it under the sunlight?

 

Was the jet under the "pre-nup"..?
Just trying to lighten the mood..

Terrific spec,
best
JN

 

Mark, that spec, MSRP, mileage, condition and service should command more IMO. Understand that you are in a rush and overall another $30k is not the biggest issue in your situation. Good luck.

 

Spot on target range is 65% to 70% of MSRP easy.

 

My advice is this: don't jump it. Bring a new battery to install or have the car picked up and delivered to somebody who can install it for you.

Beautiful car, good luck. Hopefully you come out stronger, clearer, and free on the other side!

 

I think $270K is very fair. May be another 10K or so left. There doesn’t appear to be much CF in the interior (is there any?) which many buyers want. Importantly, there are 812’s available in the low 300’s that offer a newer better driving car- which will keep a lid on the price of the F12. IMO, Best of luck!

 

Carbon or not, the car is spectacular. And many people prefer the F12 over the 812. Big MSRP, great color combo that’s unique and rare, single owner, unmolested, and decent miles. I think it’s over $300 all day.

 

All day.

 

My spec was around 460k and 64%was the deal and I lost another deal trying to go below that. Not a lot of low mile clean cars out in the market, you haggle over a couple of bucks you will lost out. The car I didn’t get was a lower spec, and I’m actually happier with this one and it was 40k more but a bigger MSRP it all worked out.

Racing Dr spec I would have paid 300k easy this is a special car and carbon is not a big deal vs how this car was built.

 

Wholesale is around 50-55%. Not saying you can find one wholesale but understand the market dynamics. Paying 70% of msrp on a car thats worth 50-55% wholesale means you have an immediate depreciation as you exit the dealer's lot of at least $40-45k. In a case like a $480k msrp car thats almost $65k. These V12 have massive dealer spreads, they are not like other ferraris because majority of the time they dont sell quick so dealers mark them up real well because of their flooring costs.

Try "trading" your car in to a Ferrari dealer today and see what they offer you outright (no other purchases involved in transaction). You may be shocked how your car suddenly depreciated so much even though you only drove it 100 miles.

There may be exceptions where dealer pays you more if they have a client lined up right away to buy the car. This also doesn't apply to consignments where they promise you more than wholesale level hoping a someone will buy your car but I have seen sharp price drops on those when they dont sell.

 

Yeah, you’re not buying any good spec of any brand wholesale. I researched for months and the low for any good car was around 65%. A buyer that wants a good car is not going to haggle over a few points at this price point. Check out the car on BAT that were good specs, and that’s the market speaking. When I buy cars I see it as sunk cost and my F12 is a keeper I like it that much. Dealer buys wholesale and carries all the risk and they bay commission and high carry cost and you go dealer you get a 2 year warranty so lots to consider. Looks at all the junk specs sitting, and only about 30 cars for sale slim pickings. I’ve had so many cars, and the new stuff doesn’t do it for me ……my next search is a Pista and I’m happy

 

That's all fine. I am just point out, the value of your asset is worth what the market today right this moment say it is. Unfortunately when it comes to cars and especially Ferrari V12s, buying them and selling them don't appear to be correlated experiences. You won't be lucky trying to sell it hoping the person looking for the perfect spec may not be in the market for months and you may choose to sell your car to a Ferrari dealer. Ferrari dealer couldn't care less how good your spec is. They know how to play the game and they'll tell you "options don't return their value as much as the base price of the car". They'll say they don't market cars based on how unique or desirable the spec is but rather the going prices of similar cars with similar model years with similar miles. This is very much a Ferrari V12 thing where their pricing does not work off of MSRP.

Porsche doesn't work this way. Every trim of 911 has its own market pricing w.r.t. a % discount (or premium) to its window sticker and everyone speaks the same languge. A low mile Turbo S with last year's model year will retail MSRP, wholesale 93% of MSRP for example. Manual transmission 992 GT3s will be roughly 10% above msrp, etc. But all the pricing is off of MSRP here thats the key point. They don't really price GT3s based on "average sale price of GT3s".

So moral of the story is, high sticker V12s will depreciate more and one should consider that buying them. I think Ferrari does pricing differently on their other models. Perhaps historically they have had problems with V12s and they are more defensive in their strategy of pricing them?

 

Not saying your wrong, I just view cars as sunk cost and not assets it’s fun money, anything over 100k for a car my view is foolish if you’re worried about a return ….fun has a price wrong or right.

 

By the way yes on Porsche some do great and many suck …..here’s my Porsche keeper which will be double MSRP in 5 years easy


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I know, I agree. I was just trying to help OP put things in perspective. He is the one who needs to sell the car in a rush.

 

I would pay 300k for it easy …..I’d sell it on BAT it will get 300k big audience

 

Anytime you sell in a rush you run the risk of not realizing all the value. Selling to a dealer is always a loss as well. However, a quick search of sale prices for cars similar to the OP's show that $300k is a fair price. The $270k offer he already has I'm sure is at least 10% less than what the offeror is willing to pay. Wholesale doesn't matter in a retail market just as retail doesn't matter in a wholesale market.

 

How is your search going for a V12?....its been a couple of years. You seem to come here and bash the whole V12 Ferrari thing, hoping that your analogy will drop the bottom end of the market and then finally you pony up the money to buy this V12. Let us know when you find your unicorn. Just remember, your life depreciates every single day, one less breath and one less step. Just saying.

 

Why dont you list the car in BAT? It will take 2-3 weeks tops from the submission to auction close. You can always decide not to accept the sale by keeping a reserve.

 

Agree do some research and see what cars sold for on BAT ………large audience. If I didn’t have a car I would have dropped you 300k easy. You don’t have a 280k car, but not knowing your situation time may be more important vs 20k. Good luck and well wishes …sucks man.