impact of 488? - Ferrari Life
 
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post #1 of 14 Old 04-25-2015, 09:35 PM Thread Starter
 
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impact of 488?

I am curious for some advice / opinions what the impact on the release of 488 has on the used car market?

When next generation 488 is released does it cause 458 used market price to dip which also then impacts F430? Are people usually looking to move up one generation? 360->F430->458->488?

I feel the 360 modena price has pretty much bottomed out.

I am planning on starting to used car shop this summer hence the question.
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post #2 of 14 Old 04-26-2015, 03:02 AM
 
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Quote:
Originally Posted by mindalter View Post
I am curious for some advice / opinions what the impact on the release of 488 has on the used car market?

When next generation 488 is released does it cause 458 used market price to dip

I feel the 360 modena price has pretty much bottomed out.
Funny, you mentioned the 360...I was just browsing eBay yesterday for that model.
I'd say more or less...the 360 has bottomed out...I can't imagine it going any (significantly) lower than around $60K. alot of flash, for not that much cash...looks like you're driving a 200K car.

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post #3 of 14 Old 04-26-2015, 04:58 AM
 
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That thing called progress

From what i understand it's just the fact that the 360 has depreciatted as much as it could.Good time to buy one if you like them.As mentioned it may be a cheaper and older Ferrari,but it's still a Ferrari.Most people will just say "He drives a Ferrari" whether you drive a 360 or a LaFerrari.It is going to be the same thing with the F430 in 5-10 years and it will go on as newer models go on the market.Hopefully when the F430 bottoms out,i will have the money to buy one
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post #4 of 14 Old 04-26-2015, 05:55 AM
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I guess i will be the first to say it. if you are about to open a used car shop and you don't posses the basic knowledge you need for that business, you might find it tough going. I can tell you this, the used exotic business is a good way to lose your fortune.
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post #5 of 14 Old 04-26-2015, 06:42 AM
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Well said Ed. As for trading up, I've decided I'm very content with my TR and 360 and, because I'm not a fan of paddle shifts, won't be "trading up."
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post #6 of 14 Old 04-26-2015, 10:11 AM
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Welcome to Ferrari Life. In this case, I would say there will not be much movement because of the naturally aspirated vs turbo-charged issue. Just get the best Ferrari you can afford.

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post #7 of 14 Old 04-26-2015, 04:05 PM
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Ed, think he means he's going to start shopping for a used car.

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post #8 of 14 Old 04-26-2015, 09:49 PM
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There is impact on the price of the 458 but not really on the others. The impact on the 458 is not yet quite noticeable as you cannot get your hands on a 488 just yet and summer is coming. But by the time they are more plentiful, you will notice it (well, I certainly will).


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post #9 of 14 Old 04-27-2015, 01:33 AM
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I agree Onno. Whatever effect the 488 would have on other model's resale price is probably far less than their normal depreciation rate.

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post #10 of 14 Old 04-27-2015, 06:44 AM
 
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Quote:
Originally Posted by tazandjan View Post
Welcome to Ferrari Life. In this case, I would say there will not be much movement because of the naturally aspirated vs turbo-charged issue. Just get the best Ferrari you can afford.
Agreed with you,!!
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post #11 of 14 Old 04-27-2015, 03:33 PM
 
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When I was looking at the F430, I was as wondering how the 458 affects the prices. Then I realized that I may get it a few 1000 cheaper but I would be a few years older. Unless you are 30, I'd say pull the trigger on the car you want.

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post #12 of 14 Old 04-28-2015, 02:57 PM Thread Starter
 
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Thanks everyone for the feedback.
Pretty much exactly the info I was looking for.

BTW - I want to purchase a F430, but my budget is around $120k.
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post #13 of 14 Old 05-18-2015, 07:52 AM
 
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Mindalter, you should be able to get a decent 2005-2006 or even a 2007 in that price range if you buy from the owner. Dealerships need to have some markup to cover cost and profits. At the low end I have seen 1-2 at around $90,000 US; granted the had 30,000+miles and that is the trade-off.

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post #14 of 14 Old 05-19-2015, 01:31 PM
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Quote:
Originally Posted by mindalter View Post
Thanks everyone for the feedback.
Pretty much exactly the info I was looking for.

BTW - I want to purchase a F430, but my budget is around $120k.


Make some offers. And you will own a Ferrari. However, you will DEFINITELY find some, hopefully, minor issues that will need "some" money.
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