SF90 Stradale Resale

Just sold Puro back - assuming it will cover Roma Spider loss.
296VS is worth what I lose on 296 Spider
XX will more than cover SF90 Spider
12Ci Spider daily in hopes to receive Comp.
This thread dwells on value - what about the ones who made BIG on 812 Comp.What about they guys who don't care and bought a Ferrari as a trophy reward and loving life.

Daily Ferrari's, lose 50 - 60k per year is expected - it's been that way for a long time.
I don't prescribe to "doom and gloom", others who receive special editions feel same.
Hybrid coupe pricing is hard to support on secondary market - said ad nauseam here.
What's not being said is how it's raised al the other Ferrari's in owners garages.
My 16M and Speciale combined 12.000 miles - sell above msrp.
Dino's fully restored were 7's, recent;y bought at high 5's - seller lost over 150k and drove it 26 miles.
No guarantees in life - driving / owning Ferrri's doesn't suck

 

What's the sentiment over sf90 spiders? I feel like they also got hit but not as much as the couple versions. Most ones I see for sale are barely under MSRP or still around MSRP!

 

This is correct but only a few people get those allocations so for everyone else it is a drain. That's 99.9%. No matter what I bought, ordered, ran Challenge, etc didn't make a difference. ****ty dealer, I know.

 

Guys running Challenge today - get everything.
Took a new dealer and a long history. Turned down 599GTO and TDF and bought other brands,
Wonder if you went in / someone and bought a SF90 296 12Ci - would receive 296VS and 12Ci comp.
I just don't see it as a drain - it's a fun sport.

 

Challenge didn't help me nor did ordering a 296, 12c and Purosangue. I canceled the 1st 2 after they wouldn't guarantee me a VS. Had a convo with the GM and told him at this point I'd only take an xx and 296vs. They could care less. Honestly it's for the best so I need to get over it. To those who get love from their dealers it is a completely different story.

 

I think that’s the right conclusion.

 

Overall it’s worked out ok so far for us and I’m grateful for that. However, our SF90 AF coupe was a huge cost - probably more than twice the figure you mention. Great car, uncomfortable parting. Don’t get me wrong, it’s a privilege to be able to own and drive these cars for what is so far a ‘reasonable’ cost, however, recent pricing changes might have just changed the equation. For example, imagine a fair sized loss on the 12C, and a £1m retail price plus options for the VS. Then the equation doesn’t balance. But should it? Nice things should cost money. I think the thing to ponder is that many loyal customers have multiple cars, something that wouldn’t have been possible/justifiable if they only bleed big money. If the equation doesn’t balance, it’s very hard for multiple customers to keep going without a thought for the cost. Is this just a phase? We’ve seen them before.

 

Many in same spot, GM should tell you what you need to do, only way they get special allocations.
We will all get off the bus at some point - nothing wrong with doing it when the funs runs out.

 

I

Same here. The only cars I don’t end up buying are the ones I drive first.

 

Where do we see values settling? There are 174 SF90's on cargurus at the time I'm writing this post. They are all priced from the mid 4's and up and look to have been sitting on lots for a while. I love my 488 but if the values continue to tank. Grabbing an SF90 becomes a very attractive proposition.

What is everyone thinking here?

 

I heard that the dealerships are not allowed to list below the mid 400s so the cars will likely stall as we are seeing now. Not sure if this is true or not.

 

I think the next big shoe to drop might be when replacement hits. Will it be nominally improved? Will the styling be less polarizing (obviously the 296 was better received than the SF90 was)? Finally, perhaps most importantly, will the pricing be ambitious or modest? If the replacement fixes the styling and is reasonably priced, that would portend poorly for SF90 values. If the replacement is more of the same with a heavy MSRP, that would cause SF90 pricing to stabilize.

 

So to support the second hand SF90 market, Ferrari should release a successor that will be difficult to sell... not the best situation for them, no matter what they do then.

 

I think we should expect pricing to go up by at least a bit; Revuelto starts at $605k, I'd look at that as a guide for potential F173M pricing.

For context, 2024 SF90 coupe was $524k, and remember - they didn't have any trouble moving these cars new regardless of how the reviews were.

 

This makes a lot of sense. I'll be on the sidelines until I see what the SF90 successor looks like. If you are right the sf90 will further drop.

 

I don’t know about advising Ferrari to release a sub-par replacement. I remember early on at the advent of hybrid supercars, the expectation was that it would now be easier to turn the wick up on electric motors versus what it was for ICE. That is to say, power could be added faster/easier on successive hybrid cars because the tech was moving quickly and ICE was largely a mature field (especially with the regulatory restrictions). However, I think the XX should make us consider that adding another 100-200 hp might not be that easy as first thought.

In any case, Ferrari will likely favor new profit making over existing SF 90 owners. I was merely pointing out the the replacement will likely have an outsized impact on the SF90 secondary market value.

 

doubtful, I believe SF90 prices will continue to decline with vehicle age as I believe sufficient buyers for pre-owned will never show up...(same true for 296, hybrids and Ferrari make little sense to many 2nd+ owners, there is currently a USA 296GTB, 4300 miles, advertised under 300...)

 

and...interest rates were quite low...selling new isn't the issue of this thread ...

 

Doug - thanks for watching the posts and the shout out to FCHATTERS

(Some of your data was actually correct!)

 

The same capitalism that puts you in a position to buy a Ferrari is the same capitalism that’s made Ferrari produce and sell more cars. Nice things cost money, there are far more rich people around nowadays than’ the good old day’. This is the way.

 

More people who can afford to buy does not necessarily translate into more people who want to buy - and these cars are not needs, they are wants.

 

Car guys spend their money on cars - non car guys talk about people who's spending their money on cars.
More money more cars - repeat. Non car guys if they buy an exotic - Pia on day one and Pia when they sell.
Some people don't have the disease - car guys raced their trike bike lawn mowers put cards in the spokes and never rode anything on wheels carefully- you are correct, Ferrari produces a need and they do it better than anyone.

 

There are 1.4 million people in America alone with a net worth over $10 million.

 

One data point.

2021 SF90
14k ODO
MSRP 688k
Hammer price 410k

https://bringatrailer.com/listing/2021-ferrari-sf90-stradale-32/

 

Cool to see one driven! 14k miles, gotta be one of the highest mileage SF90s I've seen so far.

Low 400s isn't bad considering how other cars with way fewer miles and no mods have done on BAT.