What Does The F8 Do For The 488
Discussion
Hi,
What impact does F8 have on the 488 market?
I’m somewhat waiting on the Brexit (yawn) result before buying one, however i’m also trying to gauge what impact the F8 has on the 488 market.
I would have thought it would reduce the prices of the 488, however a friend seems to think it will jeep or increase the prices of the 488 due to the fact that you cannot obtain a new V8 (F8) Ferrari for at least 12 months now, so the only option is a second hand 488.
Any thoughts on the above?
What impact does F8 have on the 488 market?
I’m somewhat waiting on the Brexit (yawn) result before buying one, however i’m also trying to gauge what impact the F8 has on the 488 market.
I would have thought it would reduce the prices of the 488, however a friend seems to think it will jeep or increase the prices of the 488 due to the fact that you cannot obtain a new V8 (F8) Ferrari for at least 12 months now, so the only option is a second hand 488.
Any thoughts on the above?
Wow, with respect you’ve asked a lot of questions on this pending purchase over the last few months...... looking forward to the post when you issue the pics of your new car.
Anyway, life goes on and if you’re waiting for brexit to be ‘revealed’ it could well be a long wait. If brexit is really a concern to you then it may be best to forget all about buying a supercar and put your mind to other things. If the worry of new models being released will impact on your purchase choice based on depreciation then you’ll never buy..... this day and age is always about the latest and greatest I.e. there will be something else ‘better’ along in a few minutes.
Hope this response doesn’t come across too harsh.... but talk about procrastination.....make a decision and get on with it!
Anyway, life goes on and if you’re waiting for brexit to be ‘revealed’ it could well be a long wait. If brexit is really a concern to you then it may be best to forget all about buying a supercar and put your mind to other things. If the worry of new models being released will impact on your purchase choice based on depreciation then you’ll never buy..... this day and age is always about the latest and greatest I.e. there will be something else ‘better’ along in a few minutes.
Hope this response doesn’t come across too harsh.... but talk about procrastination.....make a decision and get on with it!
Wow, I thought the idea of a forum is to discuss areas of similar interest.
I didn’t realise there was a rule that you must buy a car after a number of posts. I also didn’t realise I was pissing people off with questions... apologies.
I’ve bought 2 cars since I posted my first supercar question... pre Brexit, etc.
I am waiting for the right 488 to pop up, and not necessarily the right global or economic conditions. I was close to buying a 488 last week, but it was sold the day before I expressed interest in putting a deposit down.
However, I do like to weigh up all options and make some form of sense too, and considering I will be importing the car back to Ireland, I will be subject to €191,000 tax on top of the £230,000 for the car. Brexit is also likely to have a massive impact on Ireland in terms of importing a car... so my position is very different in comparison to 99% of the people on this forum... as I have to pay for a the car twice over. A 488 is likely to cost me £500,000 by the time all taxes and import duties are finalised.
Anyway... moving on!
I didn’t realise there was a rule that you must buy a car after a number of posts. I also didn’t realise I was pissing people off with questions... apologies.
I’ve bought 2 cars since I posted my first supercar question... pre Brexit, etc.
I am waiting for the right 488 to pop up, and not necessarily the right global or economic conditions. I was close to buying a 488 last week, but it was sold the day before I expressed interest in putting a deposit down.
However, I do like to weigh up all options and make some form of sense too, and considering I will be importing the car back to Ireland, I will be subject to €191,000 tax on top of the £230,000 for the car. Brexit is also likely to have a massive impact on Ireland in terms of importing a car... so my position is very different in comparison to 99% of the people on this forum... as I have to pay for a the car twice over. A 488 is likely to cost me £500,000 by the time all taxes and import duties are finalised.
Anyway... moving on!
I know prices have not been announced but I have heard £270k is going to be the starting price of the F8 which is a big jump on the 488 even with last years price rise which might put a few 488 owners off upgrading.
As for 488 values, who knows, there will be a break in production which in turn might help residuals. As an example I passed on an amazing 458 a few years back and the same car is probably still worth more now than 2015 when I thought it was going £20k the other way.
I assume being in Ireland you are looking for an ex demo which is VAT qualifying?
As for 488 values, who knows, there will be a break in production which in turn might help residuals. As an example I passed on an amazing 458 a few years back and the same car is probably still worth more now than 2015 when I thought it was going £20k the other way.
I assume being in Ireland you are looking for an ex demo which is VAT qualifying?
garystoybox said:
Wow, with respect you’ve asked a lot of questions on this pending purchase over the last few months...... looking forward to the post when you issue the pics of your new car.
Anyway, life goes on and if you’re waiting for brexit to be ‘revealed’ it could well be a long wait. If brexit is really a concern to you then it may be best to forget all about buying a supercar and put your mind to other things. If the worry of new models being released will impact on your purchase choice based on depreciation then you’ll never buy..... this day and age is always about the latest and greatest I.e. there will be something else ‘better’ along in a few minutes.
Hope this response doesn’t come across too harsh.... but talk about procrastination.....make a decision and get on with it!
To be fair to Gary I don’t think he’s being overly cynical here. A one minute look at your recent post history shows you’ve started threads in the last few weeks which say you’re very close to buying two different 911’s and a 488. Or maybe not because of Brexit. Anyway, life goes on and if you’re waiting for brexit to be ‘revealed’ it could well be a long wait. If brexit is really a concern to you then it may be best to forget all about buying a supercar and put your mind to other things. If the worry of new models being released will impact on your purchase choice based on depreciation then you’ll never buy..... this day and age is always about the latest and greatest I.e. there will be something else ‘better’ along in a few minutes.
Hope this response doesn’t come across too harsh.... but talk about procrastination.....make a decision and get on with it!
I can't believe I'm taking the time to reply to this... however considering @Southtdf had the decently to reply in a normal manor... here it goes:
@johnnyreggae - yes somewhat, as my heart says yes, but head says no, especially when I hear contradicting rumours about knock on effects of Brexit on Ireland, on a daily basis. I had panned on keeping the 488 in the UK, therefore I did not care for the result of Brexit... but considering I am planning to import it into Ireland, that significantly has more consequences, which again makes a decision harder, and therefore I take more factors into consideration, such as the impact of the f8 on the 488 market (the topic that I asked for help and input in from people who I thought shared a passion for cars, particularly V8 Ferrari... however, it's disappointing to learn different.
@DeltaOne - Are you a Pistonheads moderator on this forum? Checking my post history... really??? Considering you are so interested in my personal interests... yes I bought a 911 last week, and it will be staying in the UK... i'm therefore not concerned about Brexit or import taxes in Ireland. Secondary, see my comments above on now bringing the 488 into Ireland.
Do I need to disclose further details on my business and personal life, and my interests and position in both Ireland and the UK?
It's a shame that still today forums have a small minority who can't just stay out of a conversation if they don't have something helpful to add or give to the thread.
Thanks to those of you that were of help... to those that didn't and got personal, try getting out more... you might be surprised, it might even put a smile on your face.
@johnnyreggae - yes somewhat, as my heart says yes, but head says no, especially when I hear contradicting rumours about knock on effects of Brexit on Ireland, on a daily basis. I had panned on keeping the 488 in the UK, therefore I did not care for the result of Brexit... but considering I am planning to import it into Ireland, that significantly has more consequences, which again makes a decision harder, and therefore I take more factors into consideration, such as the impact of the f8 on the 488 market (the topic that I asked for help and input in from people who I thought shared a passion for cars, particularly V8 Ferrari... however, it's disappointing to learn different.
@DeltaOne - Are you a Pistonheads moderator on this forum? Checking my post history... really??? Considering you are so interested in my personal interests... yes I bought a 911 last week, and it will be staying in the UK... i'm therefore not concerned about Brexit or import taxes in Ireland. Secondary, see my comments above on now bringing the 488 into Ireland.
Do I need to disclose further details on my business and personal life, and my interests and position in both Ireland and the UK?
It's a shame that still today forums have a small minority who can't just stay out of a conversation if they don't have something helpful to add or give to the thread.
Thanks to those of you that were of help... to those that didn't and got personal, try getting out more... you might be surprised, it might even put a smile on your face.
In simple terms yes it will be affected, as the F8 replaces it and is essentially a Pista+ which is already the best version of the 488.
Buying a newer car (of any marque) will generally see you suffer more depreciation than an older one.
There is no hard and fast rule but Ferrari pricing is pretty well managed by the network so you're not ever going to see (in my opinion) a huge drop in a short space of time.
I would say that of the three cars that will be available on the market - 458, 488 and F8 - the 488 would stand to lose out the most because it is being directly replaced by a car that does the same thing. The 458 is the last N/A model so has a USP.
That said, logic would dictate that compression would occur across the line. I can't imagine 488s reaching price parity with 458s (as they get older) although they are in some cases close already, because the 488 is the "better" car (N/A notwithstanding). The F430 and 458 would have to precipitously fall in order to make space for the 488 to find it's place, and that seems unlikely too with endless cheap credit.
The only thing you can be sure of is that buying from a dealer will see you lose ~£20k in the spread as soon as you drive away. Factor that in to your comfort level and you can't really go far wrong.
Just my 2p. There's no perfect time to buy, money comes and goes, time only goes.
Buying a newer car (of any marque) will generally see you suffer more depreciation than an older one.
There is no hard and fast rule but Ferrari pricing is pretty well managed by the network so you're not ever going to see (in my opinion) a huge drop in a short space of time.
I would say that of the three cars that will be available on the market - 458, 488 and F8 - the 488 would stand to lose out the most because it is being directly replaced by a car that does the same thing. The 458 is the last N/A model so has a USP.
That said, logic would dictate that compression would occur across the line. I can't imagine 488s reaching price parity with 458s (as they get older) although they are in some cases close already, because the 488 is the "better" car (N/A notwithstanding). The F430 and 458 would have to precipitously fall in order to make space for the 488 to find it's place, and that seems unlikely too with endless cheap credit.
The only thing you can be sure of is that buying from a dealer will see you lose ~£20k in the spread as soon as you drive away. Factor that in to your comfort level and you can't really go far wrong.
Just my 2p. There's no perfect time to buy, money comes and goes, time only goes.
Given the high cost of importing it, have you considered a Challenge Stradale or a Scuderia at a similar price point to the 488 (or a Speciale and possibly 675 LT at a higher price point)?
I think it will impact the price of the 488 in the medium term, but probably not until people start trading in their 488s for F8s - so given Ferrari delivery times, it might take a while
I think it will impact the price of the 488 in the medium term, but probably not until people start trading in their 488s for F8s - so given Ferrari delivery times, it might take a while
My experience (buying an F12 just as the 812 was announced 2 years ago) is that values initially held strong for the same reason as your friend suggested (break in production for RHD cars) but values started to slide as the first UK Superfast deliveries occurred (6/8 months ago) and owners were trading in their F12s leading to an increase in supply of F12s. So i would suggest a sumilar if not identical trend for the 488 (except that the 488 probably had a slightly different profile of owner and their are more alternatives to a V8 sports than V12 superGT). Hope you buy one, i had a 488 for a month or so and was very impressed, really good usable supercar, and biblically fast.
oo7ml said:
Hi,
What impact does F8 have on the 488 market?
I’m somewhat waiting on the Brexit (yawn) result before buying one, however i’m also trying to gauge what impact the F8 has on the 488 market.
I would have thought it would reduce the prices of the 488, however a friend seems to think it will jeep or increase the prices of the 488 due to the fact that you cannot obtain a new V8 (F8) Ferrari for at least 12 months now, so the only option is a second hand 488.
Any thoughts on the above?
To your answer your main question, IMO very little. But not because the 488 is firm but because the market now is the new normal. What impact does F8 have on the 488 market?
I’m somewhat waiting on the Brexit (yawn) result before buying one, however i’m also trying to gauge what impact the F8 has on the 488 market.
I would have thought it would reduce the prices of the 488, however a friend seems to think it will jeep or increase the prices of the 488 due to the fact that you cannot obtain a new V8 (F8) Ferrari for at least 12 months now, so the only option is a second hand 488.
Any thoughts on the above?
Before 2H 2012, the market was tepid. In October 2011, an excellent low mileage non cat non adj F40 could be had for under 400K. Then post 2013,c/o QE, and insanely low borrowing costs, the market went nuts. Until last year. The wheels have begun to come off.
Brexit is only one negative headwind, albeit it's a big one. And its effect will last for quite some time. Added to Brexit is several major global headwinds. Then add to this the huge costs facing auto makers from market transformation. The move to autonomous, connected and/or electric mobility is real and hugely expensive.
This means all car makers are desperately looking to add margin and in terms of luxury makers this means more ''limited edition models'' (yes the term is being diluted as we speak - making previous LE cars look even more special) and more ''new model'' launches of mildly tweaked existing models (good for short term margin, awful for residuals and long term health).
Net, the F8 and 488 are in a perfect storm which will run for longer and deeper than any care to admit. My two cents? Look for great value which also delivers superb driving experience, and if you're lucky might just hold their relative value. In modern Ferrari V8 terms, a 458 or 430 would be my top two. Their Speciale or Scud variants more so.
Edited by Camlet on Sunday 3rd March 10:08
Edited by Camlet on Sunday 3rd March 10:09
Camlet said:
To your answer your main question, IMO very little. But not because the 488 is firm but because the market now is the new normal.
Before 2H 2012, the market was tepid. In October 2011, an excellent low mileage non cat non adj F40 could be had for under 400K. Then post 2013,c/o QE, and insanely low borrowing costs, the market went nuts. Until last year. The wheels have begun to come off.
Brexit is only one negative headwind, albeit it's a big one. And its effect will last for quite some time. Added to Brexit is several major global headwinds. Then add to this the huge costs facing auto makers from market transformation. The move to autonomous, connected and/or electric mobility is real and hugely expensive.
This means all car makers are desperately looking to add margin and in terms of luxury makers this means more ''limited edition models'' (yes the term is being diluted as we speak - making previous LE cars look even more special) and more ''new model'' launches of mildly tweaked existing models (good for short term margin, awful for residuals and long term health).
Net, the F8 and 488 are in a perfect storm which will run for longer and deeper than any care to admit. My two cents? Look for great value which also delivers superb driving experience, and if you're lucky might just hold their relative value. In modern Ferrari V8 terms, a 458 or 430 would be my top two. Their Speciale or Scud variants more so.
Now if I'd asked the original question then that's the answer I'd like to have read.Before 2H 2012, the market was tepid. In October 2011, an excellent low mileage non cat non adj F40 could be had for under 400K. Then post 2013,c/o QE, and insanely low borrowing costs, the market went nuts. Until last year. The wheels have begun to come off.
Brexit is only one negative headwind, albeit it's a big one. And its effect will last for quite some time. Added to Brexit is several major global headwinds. Then add to this the huge costs facing auto makers from market transformation. The move to autonomous, connected and/or electric mobility is real and hugely expensive.
This means all car makers are desperately looking to add margin and in terms of luxury makers this means more ''limited edition models'' (yes the term is being diluted as we speak - making previous LE cars look even more special) and more ''new model'' launches of mildly tweaked existing models (good for short term margin, awful for residuals and long term health).
Net, the F8 and 488 are in a perfect storm which will run for longer and deeper than any care to admit. My two cents? Look for great value which also delivers superb driving experience, and if you're lucky might just hold their relative value. In modern Ferrari V8 terms, a 458 or 430 would be my top two. Their Speciale or Scud variants more so.
Edited by Camlet on Sunday 3rd March 10:08
Edited by Camlet on Sunday 3rd March 10:09
Why are all your posts the same? Asking peoples opinions about prices - what you buying and when you buying one as this is getting boring now! 
Lambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Lambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Edited by W4NTED on Sunday 3rd March 17:19
W4NTED said:
Why are all your posts the same? Asking peoples opinions about prices - what you buying and when you buying one as this is getting boring now!
Lambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Another one... get back in your box @W4NTEDLambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Edited by W4NTED on Sunday 3rd March 17:19
- bought a 911
- deposit on new Huracan Evo
- asking a question about a 488 now
... you sad sad loser!
oo7ml said:
W4NTED said:
Why are all your posts the same? Asking peoples opinions about prices - what you buying and when you buying one as this is getting boring now!
Lambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Another one... get back in your box @W4NTEDLambo?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Porsche?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Boring and confused?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Edited by W4NTED on Sunday 3rd March 17:19
- bought a 911
- deposit on new Huracan Evo
- asking a question about a 488 now
... you sad sad loser!
I'll post a selfie of myself naked in Piccadilly Circus if you do
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