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Price speculation on 2019 Portofinos for 1st Quarter 2021

Discussion in 'California/Portofino/Roma' started by drcollie, Nov 28, 2020.

  1. drcollie

    drcollie Karting

    Dec 15, 2013
    98
    I was at my local Ferrari Dealer yesterday and took a good test drive in a 2020 Portofino - just loved the car and I'm definitely sold on it. Problem is, I have a Cali T budget (first world problem, I know), but the styling of the Portofino and better dash layout is what really does it for me.

    In talking with my dealer, he said to me "Just hold off a bit, we expect 2019 Portofino's to drop into the high $ 180's to low $ 190's by February/March, I can find you one in that price range then if you can wait. We have quite a number sold in the Washington DC area and many inquiries into the new Portofino M, we will begin orders on those shortly and will be getting in a number of consignments - I'll call you, just don't be in a rush"

    What's the collective opinion on that price assessment? TIA
     
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  3. DavidPutty

    DavidPutty Rookie

    Jan 19, 2020
    42
    Del Boca Vista
    I'm guessing Portofino will follow the Cali T depreciation curve. Originally test drove a Porto but "settled" on a California T with 4000 miles. It still smelled new, suspension/undercarriage/engine was factory clean but someone else ate over $100,000 in depreciation.
     
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  4. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    Tom C
    I hope your dealer is correct @drcollie.
    I have not noticed any downward movement in Porto prices on cars.com, although I have not followed it religously. However, with PortoM, winter and perhaps some more examples with more than delivery miles coming on to the market, there may be some downward pressure on the '19s. Countering that, from talking to people, and reading on F-chat, Ferrari seem to be flying out the doors, so perhaps stocks are lower, and prices remain firm?
    T
     
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  5. SLViper1

    SLViper1 Formula Junior
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    Mar 25, 2014
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  6. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    If you want to entertain a T, this the car I have been ogling of late.
    Late T, not a common everyday color, HS package. Price is a tad high perhaps, but you get CPO and a quality dealership.
    https://www.cars.com/vehicledetail/detail/829277825/overview/

    T
     
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  8. Cali T HS

    Cali T HS Rookie

    Sep 12, 2020
    15
    Zurich Switzerland
    I test drove a 2019 Porto in Summer and almost bought it. However, after a test drive with a 2017 Cali T HS with 6k miles I concluded that the price difference of 70k between the two was not justified and that waiting 2-3 years for a 2020 Porto was the right thing to do. Since then I'm a happy owner of a Cali T HS. Cali T's offer great value for the money these days.
     
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  9. Wheels1

    Wheels1 F1 Rookie
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  10. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    And those are not listed on the trunk plaque. Only HELE and backup camera, which I think are no cost, mandatory options?

    It's an early car. You sort of wonder if someone had to buy a Porto to get a Pista or some such, and decided to order a total stripper spec?!?

    T
     
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  11. drcollie

    drcollie Karting

    Dec 15, 2013
    98
    Thanks all, for the replies. After pouring over the forum, I think I'll just go for a 2016 or 2017 Cali T. Everyone seems to like them almost as much and there's a large price spread between them and the Portofino. Having owned six Porsches, I'm hesitant to dip my toe into the Ferrari pool because of the stories of maintenance costs and the like, a Cali T puts less money out there to test the brand (for me) and has already taken a significant depreciation hit.
     
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  13. DavidPutty

    DavidPutty Rookie

    Jan 19, 2020
    42
    Del Boca Vista

    Exactly what I did. So far so good. Cali T rides better and attracts a lot more attention than a 911 (not sure that is good or bad). Wait until winter and selection might be better. Get a PPI and the warranty
     
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  14. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    This is the best plan IMO. Gives you a chance to test the waters in terms of a selling and/or servicing dealer. If you like it, can always upgrade the experience. And the expense! Good luck...T
     
  15. drcollie

    drcollie Karting

    Dec 15, 2013
    98
    Ha-Ha! I threw in the towel on the Ferrari and bought a new 2021 Porsche Carrera S Cab (three-pedal manual) that was highly optioned. I kept pouring over all the Ferrari threads here and just can't get past the cost of maintenance and parts, I'm not prepared to pay those kind of prices. I think the water pump replacement costs on a 2014 FF I was reading about just pushed me over the edge on it. Beautiful and wonderful cars you all drive, they are just outside my comfort level. I've been a 911 man for 43 years now, this one fits like a comfortable shoe. Thanks for all the input guys.


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  16. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
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    Nice ride! Enjoy.
    T
     
  17. XSpeed

    XSpeed Formula Junior

    Jan 6, 2019
    306
    Full Name:
    SX
    sorry to hear that. the two cars are in no way a comparison.
     
  18. clockem

    clockem Formula Junior

    May 18, 2009
    970
    Chicago
    Full Name:
    Gary
    I own both porsches and Ferrari’s. As to cost of maintenance since 2012 model year Ferrari includes 7 year free maintenance versus Porsche gives you first year free. Prior to 2012, my annual maintenance for a Ferrari 458 was $900. That is about the same as the cost I pay for the two year maintenance on my 911.


    If you keep a Ferrari 7 years versus a 911 for 7 years my guess you will pay a lot more in maintenance on you 911.

    Just saying.


    Sent from my iPhone using FerrariChat
     
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  19. drcollie

    drcollie Karting

    Dec 15, 2013
    98
    Well, it's not really maintenance, since that is mostly oil changes I do all that sort of thing myself anyways. It's out-of-warranty repairs, there are a lot of stories here on F-Chat about them and frankly I don't have that kind of play money to write five-figure checks to get a car back on the road.

    I back to back drove a 2019 Portofino then went to the Porsche dealer and drove the 2021 Carrera S Cab that I ultimately purchased. The Porsche is faster and more a driver's car than the Portofino, and I still like a three pedal sports car. The ticket on the new Porsche was $ 159K, which in Ferrari world puts me in a 2016/2017 Cali T with an expired warranty. The Porsche has 4 years new car warranty - so that's a pretty huge gap to cover.

    I was going to wait for Portofino prices to drop, but realistically it will be 2 years before they come to the price of the new Porsche, at the end of the day it was a financial call. The 992 Porsche is a far cry from the prior 991 generation, they vastly improved the car so I'm happy with it. This being my 6th 911, I've never had a bad experience with them so I know and trust the brand.

    Ferrari's are highly desirable, no doubt. Just very expensive.
     
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  20. XSpeed

    XSpeed Formula Junior

    Jan 6, 2019
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    Having the 160k for the car but not having the money for maintenance doesn't sound like a good story.

    I don't know if you're played by the sales guy. The 2021 one you bought doesn't come close to a 2015 Cali T in speed.

    If you are used to porsches you can continue driving them. i see two or three lined up at any red light all the time.

    Ferrari is a totally different class.
     
  21. Cali T HS

    Cali T HS Rookie

    Sep 12, 2020
    15
    Zurich Switzerland
    Sold my 2020 992 4s Convertible in August with less than 3k miles and bought a 2017 Cali T HS with 6k miles and never looked back. After a series of 911 the Cali is my first Ferrari.
     
  22. Il Co-Pilota

    Il Co-Pilota F1 Rookie
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    May 29, 2019
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    They will drop. Mass produced car, depreciation is part of the game. It will do what the T did and the M will continue to push prices down. Hold on for a bit and get what you want.

    Sent from my SM-G930F using FerrariChat.com mobile app
     
  23. Il Co-Pilota

    Il Co-Pilota F1 Rookie
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    This is absolutely not true. The 992 Carrera S is faster than the T.
    The actual power of the Porsche is close to 500PS and it is about 300 kg lighter than the T. On top of that you have the new 8 speed PDK. The T would be left for dead.

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  24. Il Co-Pilota

    Il Co-Pilota F1 Rookie
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    Now that I have told XSpeed that a Carrera S w. PDK is faster than a T, I will tell you that you are very wrong if you think a gated Carrera S is faster than a Porto. Be happy with what you have, no need to sell or defend the 992 to us. I recon most of us have test driven one by now, so we know what it is and isn't. Enjoy

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  25. XSpeed

    XSpeed Formula Junior

    Jan 6, 2019
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    show proof.

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  26. Cali T HS

    Cali T HS Rookie

    Sep 12, 2020
    15
    Zurich Switzerland
    The 992 S has 450hp. From 0-60 the 992 S is a tiny bit faster thanks to its 35% : 65% weight distribution. At higher speed the Cali closes in and surpasses the Porsche.
     
  27. Il Co-Pilota

    Il Co-Pilota F1 Rookie
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    I know it is rated at 450, but this is Porsche. Add 8-10%

    Sent from my SM-G930F using FerrariChat.com mobile app
     
  28. Raj seth

    Raj seth Karting
    Silver Subscribed

    Sep 24, 2020
    62
    Boston
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    Raj seth
    Totally. I just sold my 2014 turbo (30k miles) added $35k and now have a 2016 Ferrari CaliT with powertrain warranty, normal service included...with 10k less miles.

    I felt more risk in the Porsche than I will with this. Yea the Porsche is sharper drivers car but not a better car.

    eventually love a 3 pedal cayman gts for fun etc.
     
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