US 488 Pista Base and Options Pricing | Page 4 | FerrariChat

US 488 Pista Base and Options Pricing

Discussion in '458 Italia/488/F8' started by Rossocorsa1, Jun 8, 2018.

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  1. unotaz

    unotaz Formula Junior

    Jun 4, 2006
    494
    Los Angeles
    Full Name:
    Michael
    You ever tried to get a GT2RS allocation at MSRP here in the US or the UK? ;)
     
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  2. JohnTz

    JohnTz Karting

    Jun 21, 2018
    212
    Inverness, IL
    Full Name:
    John Tz
    There is a GT2RS spot in the classified section for $195K plus MSRP right now. Been chasing one of these for a while. Impossible to get unless you want to pay these type of prices. The PISTA will be similar I believe.
     
  3. willcrook

    willcrook F1 Rookie
    Silver Subscribed

    Feb 3, 2009
    2,579
    UK
    there will be far more pistas than gt2RS's imo
    can't see it trading at +200k
     
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  4. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    963
    In all cases, having a history with your dealer means a lot, especially with buying and selling cars back. I believe the GT2 RS is only being sold up to 1000 units, which won't be the case with the Pista coupe, production will carry until the end of the 488 cycle, which may even go past that depending on demand and order fulfillment rates.

    Often times, new cars with very high demand get sold to dealer mules, who just sit on it and never physically take possession. That same car is then sold in the open market "Pre-owned" well above list.
     
  5. unotaz

    unotaz Formula Junior

    Jun 4, 2006
    494
    Los Angeles
    Full Name:
    Michael
    No, there is no limitation on the GT2RS production. Currently, they are projecting 2500 cars for the world, which roughly translates to 700 cars in the US market. This is very similar to the 458 Speciale production numbers.

    My dealer is selling their allocations to their VIP customers at 100K over and 175K to new customers. This is pretty much the norm for any SoCal Porsche dealers.

    So what's worse? Paying 150-175K in adm or buy a Lusso that depreciates just as much? In the end, it's all the same.

     
  6. johnr265

    johnr265 Formula Junior

    Jul 1, 2010
    398
    Mid-Atlantic
    I would submit it's not the same. At least with the Lusso, you get to drive and enjoy an actual car, even if just for a few months. The Porsche route just goes straight into their pockets. If you are a car lover, you can still find some joy in a Lusso with a 650 hp 12 cyl (or V8T) engine, a luxurious interior, and some useful cargo space even if it's not your forever car. We all eventually take the wife or family out to dinner. I found I can fit a cello or an electric guitar and bass in there with two passengers, no problem. Do I "need" to take my kids to School of Rock in a Ferrari? No, but that doesn't mean it isn't kind of fun :).
     
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  7. JohnTz

    JohnTz Karting

    Jun 21, 2018
    212
    Inverness, IL
    Full Name:
    John Tz
    This whole thing about dealers charging over MSRP for new cars makes me sick. It feels so sleezy and underhanded. They should simply take the orders first come first served at MSRP and let the secondary market sort out the rest. It’s a shame that the manufacturers let dealers get away with it.
     
  8. agrun

    agrun Formula Junior

    May 24, 2009
    699
    FLA
    your comments relate to porsche dealers and this is an fchat thread on pista options, so lets please stick to that
     
  9. unotaz

    unotaz Formula Junior

    Jun 4, 2006
    494
    Los Angeles
    Full Name:
    Michael
    It's still relevant. The only difference is that Ferrari dealers sells MSRP but can resale immediately as second hand at "market price". So often Ferrari dealers will impose a sell-back clause at MSRP to their clients, essentially taking money of their client's hands, and getting the full "ADM" when the dealer sell the car again as an used car.

    Same difference.

     
    JohnTz likes this.
  10. LVP488

    LVP488 F1 Veteran

    Jan 21, 2017
    5,747
    France
    That's free market - if there are people accepting to overpay, THEY are the cause of the problem ;)
    I wish buyers would be more reasonable, that would improve my situation...
     
  11. Rossocorsa1

    Rossocorsa1 F1 Veteran

    May 14, 2017
    6,217
    For the sake of clarity, the dealer buy back agreement is only on the limited series and/or highest demand vehicles (Pista being on) and it’s only for a year. Dealers may very well deviate in certain cases for their best clients who, for example, turn in a Pista for a Pista Aperta.
     
  12. johnr265

    johnr265 Formula Junior

    Jul 1, 2010
    398
    Mid-Atlantic
    Amazingly, I actually had to sign a buyback agreement for a Lusso T so perhaps they are starting to just do a boilerplate for all purchases. Guess they were worried about me selling it for OVER MSRP :). Any takers???
     
  13. clockem

    clockem Formula 3

    May 18, 2009
    1,141
    Chicago
    Full Name:
    Gary
    I have bought 8 new Ferrari’s in the past 9 years. Last month I picked up an 812 I ordered. I have never been asked to sign a buyback agreement.

    On the Pista I still don’t qualify to get a Pista but my dealer is trying hard with Ferrari. Fingers crossed.
     
  14. Rossocorsa1

    Rossocorsa1 F1 Veteran

    May 14, 2017
    6,217
    Im pretty sure the buy back agreement is dealer discretionary.
     
  15. agrun

    agrun Formula Junior

    May 24, 2009
    699
    FLA
    Strange you don't qualify with your purchase history. Something is wrong with that.
     
  16. clockem

    clockem Formula 3

    May 18, 2009
    1,141
    Chicago
    Full Name:
    Gary
    I was told because I don’t do Ferrari events like, driving school, attend an F1 race or attend pebble beach. In other words - I don’t kiss butt!! Never have, never will.
     
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  17. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
    2,641
    USA
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    Max
    Kiss Butt? Seriously? those events are incredible. You are missing out on a major benefit of being a Ferrari customer. No one spoils their customers like Ferrari. Seriously, set ego aside and attend their events. Go to Pebble this year.... it is in a month...
     
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  18. dustman

    dustman F1 World Champ
    Rossa Subscribed

    Jun 12, 2007
    11,169
    On this I disagree completely.
     
  19. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
    2,641
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    Full Name:
    Max
  20. noone1

    noone1 F1 Rookie
    BANNED

    Jan 21, 2008
    4,612
    Los Angeles
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    Mike
    That would imply he actually wanted to do those things in the first place, no? If he hasn't gone to any, it's probably because he doesn't actually care about going. He's not skipping them out of spite...
     
  21. Shadowfax

    Shadowfax F1 Rookie
    BANNED

    Jun 10, 2016
    4,066
    Australia
    Wow some of these responses!? What's wrong with 09Scuderia saying you won't know what your missing until you try what's on offer?? I'm yet to go to anything yet but when the time presents I will and it sure wont be to kiss anyone's butt!!:p
     
  22. agrun

    agrun Formula Junior

    May 24, 2009
    699
    FLA
    Still,you are buying enough cars to overcome simply not attending events. Purchases speak for themselves and I'm sure you are also trading back your cars to your dealer so they are making double the profit on each car. Buying 8 cars in 9 years at an average price of 350m is 2.8mm, so 5.6, including trades. Have a heart to heart with your dealer. Perhaps they are not trying hard enough for you. Say that that a Pista is something you really want for past and continued patronage of moving 5.6mm in cars through them and, in a nice way, if they can't get it done for you, you would have no choice but to go next door. Have the same exploratory conversation with the nearby dealer. One of them should be able to loosen up a Pista for you.
     
  23. Rossocorsa1

    Rossocorsa1 F1 Veteran

    May 14, 2017
    6,217
    First, I would agree that clockem should get a Pista allocation if he wants one given his history, regardless of any extra curricular events. That’s seems a bit odd. I’ve seen others get an allocation for less. It may have something to do with the market he lives in. Allocations are tight and even repeat buyers are prioritized by larger buyers, particularly in lucrative markets.

    Second, “kissing butt” is laughable. Being a Ferrari aficionados is a lifestyle passion for many, myself included. I’m grateful that Ferrari offers me so many ways to consume my passion. They also offer a variety of options so one can enjoy things that appeal to them. For example, I’m not s track guy personally, so I have little interest in the racing program, but to many that’s important. On the other hand, I’m a preservation and concourse fan so I like the Classiche program. Also, going to the factory or going to Pebble Beach are things I love doing and they afford me amazing options to enjoy those things all while building my personal bond with the brand. Why wouldn’t they? Every business monitors and grades their clientele in one way or another. I’m certainly not at the ultra premium level nor do I expect to be, but I appreciate that my activity counts for something.

    And, by the way, some like to bemoan how Ferrari has changed. They go on and on about how Enzo and “Luca” would never have operated like this. That’s total BS. Enzo was one shrewd man. He, particularly through his US surrogate Luigi Chinetti, tightly managed who had access to their product. They formed the foundation of exclusivity that has made Ferrari the most desirable brand in the world. It was brilliant.

    I will also add that many of these decisions are individual dealer based, some the dealers need Ferrari North America approval for, and very few are factory based. It all depends on how exclusive the model is. For example, want a 488 Spider? - your dealer decides who gets their allocations. Want a Pista? - your dealer puts forth a list with Ferrari North America’s blessing. Want F12 tdf or LaFerrari? - the factory decides.

    Hey, not everyone gets into all these things, which is fine. But, if your product supply is limited and you need to choose who has access to what, you’re going to look at the full portfolio of your client base and make decisions accordingly.
     
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  24. clockem

    clockem Formula 3

    May 18, 2009
    1,141
    Chicago
    Full Name:
    Gary
    Just to expand on this. I live in a market that my dealer has 6 customers that are LaFerrari owners and each one always gets a special edition. That immediately takes out 6 cars they get allocated. They have numerous other customers that purchase a lot more Ferrari’s than I do.

    Of the 8 Ferrari’s purchase 3 are still in my possession. They have resold several of my past cars 2 or 3 times since I owned them.

    I have had very civil and business conversations with the owner. He is trying his best to convince Ferrari to allocate a Pista to me. I have no issues with my dealer and they have been wonderful.

    I have been fascinated by Ferrari since I was a little kid. What they produce is nothing less than art work and amazing technology. I am a true loyalist. My trip to the factory was nothing less than amazing. Something I had wanted to do for years.

    As to events, I was told Ferrari has a “checklist” for each customer and I think someone above mentioned a point system. My understanding is yes they do. They don’t just look at purchase history but they looks at event attendance. There are several reasons I have not attended the racing school - time due to other commitments and cost. Just for the school alone $13,500 for 2 days! I have thought about attending a F1race and going to Texas. Again time is an issue and to be in the Ferrari hospitality area the cost is about $6,500.

    Everyone decides what their passion is and how they can accomplish it. Mine is driving these treasures and having a smile on my face every time I start one up. The factory visit was a must for me. The other Ferrari events if they happen they happen if not, then every day I start mine up exceeds my expectations of ever having the ability to own a Ferrari.

    If ultimately my dealer says they tried their best to get me one and Ferrari said no, so be it it won’t change my passion for Ferrari one bit. We should all be able to enjoy what we have and I can say I am having a blast.
     
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  25. 09Scuderia

    09Scuderia F1 Rookie

    Nov 20, 2011
    2,641
    USA
    Full Name:
    Max
    Clockem, well written.

    Curious, if your dealer had allocation for 6 LaFs that means your dealer has 6 very very high level priority 1 or 2 clients. They will always be offered the hard to get cars before others will. How many Pista spots will your dealer ever be offered?
     

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