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post #1 of 17 Old 10-24-2012, 05:42 AM Thread Starter
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599 prices

In line with Scott's thread on the 599 GTO I was wondering what the general expectations are with respect to 599 prices going down (or not) now the F12 is here.

As some of you know I have been looking at the 599 as the next F in the stable. I recently drove one and I am really impressed.
(What 8 cylinder alternatives would there be around the same price level?)

So gents......should I wait, and if yes, how long before we will see the prices go down(if they will) and what do you think will be a fair guess as to the depreciation in the next, let's say, 6 months as I'm not in a hurry just before the winter...

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post #2 of 17 Old 10-24-2012, 07:33 AM
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Jeroen- They will go down, but not as quickly as a new Mercedes, BMW, or Porsche. Buy one now and enjoy driving it, even if it does depreciate a bit. My 575M cost $140 K or so in 08 and is now worth ~$100K, but I got $10K worth of fun out of it each of those years and a new car at that price (take your pick) would be worth ~$70K.

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post #3 of 17 Old 10-24-2012, 10:34 AM
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If you are going to let a Ferrari sit and only drive it a few thousand miles a year you will lose money.

But if it's going to be used as a dd I would argue with anyone it's the best car for the money over three years at 10k miles per year - especially a 599.

My 612 cost me about 8k a year but for the 5.000 miles per year of use it was 1/2 the price of anything else I would have owned.

Plenty of ground clearance and storage - these cars are wonderful dd's.

Waiting for them to drop if vs buying one now - no brainer they are steals!
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post #4 of 17 Old 10-24-2012, 12:04 PM Thread Starter
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I'm not worried at all about depreciation after I buy, and believe me, she will be used! I will never buy an F car to let it sit in the garage and hope for the price to rise.
Neither will I hesitate when the general expectations are that prices will not drop more then, let's say 10-15K. Terry- I'd love to get 1 tomorrow, believe me!
Doug- I know the advantages as my 550 has that 'extra' as in storage space, comfort and so on, so I totally agree with you.

However..when you experts out there feel there will be a significant difference in the not too near future, I might as well wait. Does that make sense?

Jeroen

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550 Maranello 7-2000 nero/nero
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post #5 of 17 Old 10-24-2012, 12:17 PM
 
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in UK they are from about 85K for the earlier year models, and they were about 200K msrp?

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post #6 of 17 Old 10-24-2012, 09:43 PM
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Quote:
Originally Posted by 550JM View Post
In line with Scott's thread on the 599 GTO I was wondering what the general expectations are with respect to 599 prices going down (or not) now the F12 is here.

As some of you know I have been looking at the 599 as the next F in the stable. I recently drove one and I am really impressed.
(What 8 cylinder alternatives would there be around the same price level?)

So gents......should I wait, and if yes, how long before we will see the prices go down(if they will) and what do you think will be a fair guess as to the depreciation in the next, let's say, 6 months as I'm not in a hurry just before the winter...
I have been following 599 prices for a couple of months now and they seem to be hardening after quite the free fall earlier this year. Early cars are now under Euro 100k with the cheapest just over Euro 90k. These will likely creep down into the mid 80s by next spring but I don't see them dropping much further anytime soon.
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post #7 of 17 Old 10-26-2012, 01:53 PM Thread Starter
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Boxer- Yes, I've also seen a few around those prices although in Italy they're already becoming cheaper...
However, I don't think I would prefer the hassle importing from Italy, too many bad stories.
As said, not in a hurry so maybe we will see them go down a bit more. Do you remember the one I posted a few months ago with the white stripe? It's still 235k.....
That 599 will probably become a nice barnfind in a decade or so...:-)

Jeroen

Italian bella's:
550 Maranello 7-2000 nero/nero
1974 Ducati 750 Yellow Sport
1974 Ducati 350 Desmo Yellow Sport
2010 Ducati Multistrada 1200S
(And a few Alfa Romeo's and Range Rovers)

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post #8 of 17 Old 10-26-2012, 03:27 PM
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Quote:
Originally Posted by 550JM View Post
I'm not worried at all about depreciation after I buy, and believe me, she will be used! I will never buy an F car to let it sit in the garage and hope for the price to rise.
Neither will I hesitate when the general expectations are that prices will not drop more then, let's say 10-15K. Terry- I'd love to get 1 tomorrow, believe me!
Doug- I know the advantages as my 550 has that 'extra' as in storage space, comfort and so on, so I totally agree with you.

However..when you experts out there feel there will be a significant difference in the not too near future, I might as well wait. Does that make sense?
If you are keeping the 550 - test drive a Scud.

If you are selling the 550 - the difference may lower slightly but the 599 in your hands now vs later is well worth it.
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post #9 of 17 Old 10-26-2012, 11:32 PM
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Quote:
Originally Posted by 550JM View Post
Boxer- Yes, I've also seen a few around those prices although in Italy they're already becoming cheaper...
However, I don't think I would prefer the hassle importing from Italy, too many bad stories.
As said, not in a hurry so maybe we will see them go down a bit more. Do you remember the one I posted a few months ago with the white stripe? It's still 235k.....
That 599 will probably become a nice barnfind in a decade or so...:-)
Agree on Italy, I don't think buying their is worth risk or hassle right now.
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post #10 of 17 Old 10-27-2012, 12:46 PM
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Quote:
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Agree on Italy, I don't think buying their is worth risk or hassle right now.
Well, a couple of people i know have bought there succesfully. A lovely black 599 for 85k was a pretty impressive result. But I also know some people that struck out.


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post #11 of 17 Old 10-28-2012, 02:48 AM
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Well, a couple of people i know have bought there succesfully. A lovely black 599 for 85k was a pretty impressive result. But I also know some people that struck out.


Onno
Any tips on how to buy safely in Italy? Was just looking at AutoScout24.it and the Ferrari site classifieds and quite a few very nice cars on the market.
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post #12 of 17 Old 10-28-2012, 07:14 AM
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I have a trusted friend that runs a family-owned high-end auto sales and service facility in Milano. I will try to contact him about the process and potential pitfalls. I'll ask him about Ferraris on the market and report back on what he sees available in Italy. But unfortunately it won't work in the states for modern cars. Import rules prohibit newer Euro cars to be brought into the US........I think........correct?

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post #13 of 17 Old 10-28-2012, 10:06 AM
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Any tips on how to buy safely in Italy? Was just looking at AutoScout24.it and the Ferrari site classifieds and quite a few very nice cars on the market.
I wish I did. Intel I have so far seems to show it to be fairly hit and miss: if you deal with a nice guy it goes smoothly, and others you waste a lot of time and money going over there for nothing. No experience personally, sorry to say.


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post #14 of 17 Old 10-28-2012, 10:07 AM
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Originally Posted by Neopolitano View Post
Import rules prohibit newer Euro cars to be brought into the US........I think........correct?
I think that is correct but am no expert.


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post #15 of 17 Old 10-28-2012, 11:02 AM
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Quote:
Originally Posted by Neopolitano View Post
I have a trusted friend that runs a family-owned high-end auto sales and service facility in Milano. I will try to contact him about the process and potential pitfalls. I'll ask him about Ferraris on the market and report back on what he sees available in Italy. But unfortunately it won't work in the states for modern cars. Import rules prohibit newer Euro cars to be brought into the US........I think........correct?
I am in Europe so buying in Italy could be a very interesting option.

On the US, as long as the car is 25 years or older, it is exempt from DOT & EPA regulations. Under 25 and it needs to be converted to US spec and this is only possible on some models. Full list:

http://www.nhtsa.gov/cars/rules/import/elig101012.pdf
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post #16 of 17 Old 10-28-2012, 11:29 AM
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I am in Europe so buying in Italy could be a very interesting option.
+ 2

I look forward to reading what you find out from your friend Neopolitano as I have my eye on a car in Italy.

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post #17 of 17 Old 10-28-2012, 10:22 PM
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Steve- Euro cars can be converted by a licensed remanufacturer. FNA lost a lawsuit about that not too far in the past.

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