Purosangue Market Values

There was supposed to be a 60k increase for the 2nd round of orders but they confirmed I would see the lower price because the order was placed so early. We shall see.

 

The other thing, I’m not ordering a car without having a locked in price. Let’s see how that conversation goes.

 

Has there ever been a locked in price upon ordering?

 

I don’t know, but if that’s a no then I’m out. I walked away from the stick shift Pagani Utopia roadster order because I thought the terms were ridiculous, €1 million down three years before delivery, no sale for two years or triple the profits to Pagani, etc. etc. I told them what I’d be willing to do (€300k deposit and no sale for 1 year) and they said no and I said buh bye.

 

Same for the W1, they wanted 700k and wait 2 years or so. I was close but backed out.

 

Mine is supposed to be other than the 5% tariff.

 

yeah it's ****, when you factor in what you're using when taking that kind of deposit out of investments over 3 years it means you're instantly out of pocket

the Utoptia is super nice though for sure, I think the styling will age well

 

You guys are saying what needs to be said, Thanks. Help me with this...What will happen to the values of 296VS's (speciale)....assuming they produce around the same number as they did with Pista?

 

Hard to say but as I see it, more likely to hold up fairly well than not. On the negative side is its hybrid and all the stuff that comes along with that. On the positive side, if numbers are similar to Pista, then Id say the addressable market on the Speciale is probably larger than when Pista came out so more demand….

 

It’s going to depreciate, the starting point is around double the price of a speciale when new. The v6 hybrid just isn’t beloved. The car is a rocket but doesn’t stir emotions, and as the very savvy Caeruleus11 said himself, the drives in these cars aren’t memorable.

 

The opportunity cost is massive of holding big cars, even in municipal bonds, the after tax yields are 5%, so 3 years of deposit at €1m is $165,000. Then add another $3m once you have bought the car, it is costing you $250,000 a year in carry cost, insurance and maintenance and if it depreciates, add that too. So assuming you hold the car for 3 years, it owes you $1m gain AFTER tax just to break even. The numbers are tough.

 

its likely that the 296 Speciale coupe will be in the mid-$500s. Start price will be $440-$450. Mid $500s is in the same price range as a 458S and a Pista. Will the car still lose value if its priced in the $500s all in?

(Side note, listening to a Jonathan Ward/ Icon discuss his Bronco EV...$450k. The world has gone wacky)

 

Interesting. Never really looked seriously at a new Pagani. Always thought it would be better to purchase new rather than used because used market is really high. However, it appears that used really takes a depreciation hit in spite of the apparent appreciation in value…