Unlisted 488 Opportunity (New here!)

Not sure what market your in, but used 488GTB's are now available below MSRP. I just sold mine to the dealer and it has been resold for $20k below MSRP. That being said, the front lift is a big deal when it comes to resale. It will definitely impact your resale when the time comes.

 

Even in "hot" markets I would assume around $20k/year depreciation, potentially even more. Plus you'll never get back what you paid in taxes.

If you think you would sell the car in 3-4 years, look at 3-4 year old 458 pricing for a comp.

It's a great car so get it if you want to enjoy it but don't look at this as an investment, look at it as a fun toy. Low depreciation can be a bonus (if it happens) but certainly don't rely on that.

 

Hopefully this car is not located in Houston. I would advise you to list out deal breaker options and then colors of the exterior and interior. If this car has those listed options and colors, go for it! You will not have the wait. Please post delivery pictures!

 

My .02 worth says don't look at the 458 as a projection to estimate depreciation as that car is an anomaly and even it has taken a downward turn in the last year. The 488 was not as welcomed due to a myriad of reasons now combine that with numerous other factors such as greater competition and the price doesn't hold up nearly as well future prices will trend down much faster than the 458. You're also coming into the seasonal market pressures versus Spring time where values are at the tops. All things to consider.

"New" ordered to your personal spec is an exciting experience, driving the car within 18 mo's certainly has it's value as well so it'll depend on what you're looking for. No one can answer that for you they can only tell you what they did

 

if it's the right combo of color and options then grab it......nobody knows what tomorrow will bring.

 

Congrats on purchase: you'll find there are few new questions here and indeed as well as those in this section there's a whole section devoted to tracking - it always worth a look before posting

 

Congratulations on your purchase.

Since you mentioned that you haven't driven on a track before, don't forget to check your insurance policy to ensure you understand what coverage you have. Many policies exclude track activities. And make sure you drive sufficient miles on the street to get used to the car before undertaking sustained high speed activities. With that said, enjoy!

 

FYI, Ferrari will not build a car without a customer associated with it. This is why you don't see Ferrari dealers with loads of new cars sitting, which isn't the case for other exotics like McLaren or Lamborghini.

Somebody ordered that car, then walked away from the purchase. They aren't allowed to publicly list it because Ferrari doesn't allow them to. They can only publicly list cars that are used and at least 6 months old.

Congrats on the new car purchase, expect around $30-40K depreciation per year, but heavily dependent on options and color combo.

 

I also went on your dealer's website and the 2017 488 GTB you're referring to has almost every single option available, hence their asking price.

 

That car has thousands of CF options that you'll never see a dime back on resale, but again, that all depends on the price they sold it to you for and what you like.

Feel free to message me for further discussion if that works better for you.

 

Not always the case. Numerous examples where a dealer says that they received a surprise car that they weren't expecting. Usually, it's higher MSRP. I've probably had 3 488's offered to me by dealers that fit this type of situation.

I've seen more than a few times cars showing "sold" on their windshield sitting at the dealer but they really are for sale.

 

No way a $350K car (high MSRP) shows up as a "surprise" without somebody knowing. The receiving dealers are notified and it's shown on the factory window sticker who the receiving dealer is at time of entry into the USA. When one dealer can't sell a car (customer walked away) and gives it to a sister dealer or typical dealer exchange, that's it with Ferrari. Dealer had that car allocation and ordered the 488 instead of losing it, simple as that and customer walked out, or couldn't get financing approved, etc.

Dealers typically provide all sorts of reasons to tell a story... Cars showing up as sold has been a show at every single dealer/brand I can think of, except maybe Toyota and Honda.

Getting back on track, car spec looks decent to me. All depends on purchase price to determine a "deal" in the conventional sense.

 

If you love the car and are able to start enjoying it sooner rather than later then you didn't "mess up". Plenty of folks who wish they could have been in your shoes. Enjoy it.

 

If you ask me, you got a good deal. It's a fantastic spec and you got a brand new 488. Enjoy the car, it's a fantastic purchase!

 

You got a great deal without the wait. Mine should be in the $303-304 range when invoiced. To me the CF is a real plus as I just plain like it!!

 

I took delivery of mine on August 24th. It's Rosso Scuderia with a similar spec to yours but diamond cut wheels. You are going to love the car. The engineering is implacable. This is my second Ferrari. I started with a 2010 458 Italia. I thought the Italia was the best; this is better. Let us know your initial impressions after driving it.

 

Don't remember the last time I saw a "0" beside the Other Options spot on the sticker! Congrats. Enjoy the car.

 

A couple pics. Not good quality.