Discussion
Finding myself drawn towards 458's and looking at what's available. Is there any significant difference between say, a 2012 car and a 2015 car? I've been looking at a low mileage 2012 car which is towards the upper end of the price spectrum. I suppose what I'm asking is, is there any advantage to buying a later car?
Many thanks for the replies. So no engine/gearbox changes.
Interesting comment on prices. I've only recently started looking so I don't know the historic pricing situation, but there seems to be a shortage of cars across the board. I've been looking at cars in the £140k-£155k range. Is this 'high' with regard to where prices have been over the past 12 months or so. I'm looking for a low mileage (sub 15k) car with carbon in the right places and a popular colour combination (red/creme or red/black).
Interesting comment on prices. I've only recently started looking so I don't know the historic pricing situation, but there seems to be a shortage of cars across the board. I've been looking at cars in the £140k-£155k range. Is this 'high' with regard to where prices have been over the past 12 months or so. I'm looking for a low mileage (sub 15k) car with carbon in the right places and a popular colour combination (red/creme or red/black).
JDH1 said:
Finding myself drawn towards 458's and looking at what's available. Is there any significant difference between say, a 2012 car and a 2015 car? I've been looking at a low mileage 2012 car which is towards the upper end of the price spectrum. I suppose what I'm asking is, is there any advantage to buying a later car?
Apparently there is.You should look into gearboxes, suspension and engine mapping.
No doubt a proper need will be along very shortly, but my basic, non-nerd, understanding is that once the spider was introduced there were upgrades that affected gearbox longevity/ reliability, ride and how aggressive the popping and banging is....
(And this, for balance, from someone who had a very early one, was very happy with it and didn’t get bitten by it)
JDH1 said:
Many thanks for the replies. So no engine/gearbox changes.
Interesting comment on prices. I've only recently started looking so I don't know the historic pricing situation, but there seems to be a shortage of cars across the board. I've been looking at cars in the £140k-£155k range. Is this 'high' with regard to where prices have been over the past 12 months or so. I'm looking for a low mileage (sub 15k) car with carbon in the right places and a popular colour combination (red/creme or red/black).
To give you a ref point, I just paid £155k down from £160 advertised price for a 2014, with 6300 miles, red / Creme, 1 year free servicing and a 2 year warranty. Every single carbon option installed, carbon buckets, cruise control, electric mirrors, front and rear sensors, I pod adapter. Interesting comment on prices. I've only recently started looking so I don't know the historic pricing situation, but there seems to be a shortage of cars across the board. I've been looking at cars in the £140k-£155k range. Is this 'high' with regard to where prices have been over the past 12 months or so. I'm looking for a low mileage (sub 15k) car with carbon in the right places and a popular colour combination (red/creme or red/black).
Get the best version you can because it’s a safer investment.
I paid more a premium because I got a A+, ultra clean 458 which will pay dividends later down the line.
Edited by adamellisdj on Saturday 1st May 16:43
Whilst what Adam is saying is correct, he has paid a premium not only for the spec but for the mileage and will lose that premium if he moves it out of the low mileage category.
I went for a different approach with a high spec, admittedly not quite as good as Adam’s spec, but with higher mileage, I paid £35k less than he did and won’t have to worry about the miles which is exactly what I wanted.
Neither approach is right or wrong but just two different ways to go about it.
I went for a different approach with a high spec, admittedly not quite as good as Adam’s spec, but with higher mileage, I paid £35k less than he did and won’t have to worry about the miles which is exactly what I wanted.
Neither approach is right or wrong but just two different ways to go about it.
adamellisdj said:
To give you a ref point, I just paid £155k down from £160 advertised price for a 2014, with 6300 miles, red / Creme, 1 year free servicing and a 2 year warranty. Every single carbon option installed, carbon buckets, cruise control, electric mirrors, front and rear sensors, I pod adapter.
Get the best version you can because it’s a safer investment.
I paid more a premium because I got a A+, ultra clean 458 which will pay dividends later down the line.
Very nice. I've been looking at an older one with similar spec and miles for around the same price. I'm always undecided about the low miles thing, having gone that way in the past only to find that lack of use brings it's own issues. But I suppose that's what the warranty is for. Certainly the deal you got there is a little better than the one I'm currently being offered as a result of the later car and free service.Get the best version you can because it’s a safer investment.
I paid more a premium because I got a A+, ultra clean 458 which will pay dividends later down the line.
Edited by adamellisdj on Saturday 1st May 16:43
JDH1 said:
Very nice. I've been looking at an older one with similar spec and miles for around the same price. I'm always undecided about the low miles thing, having gone that way in the past only to find that lack of use brings it's own issues. But I suppose that's what the warranty is for. Certainly the deal you got there is a little better than the one I'm currently being offered as a result of the later car and free service.
It sounds expensive. when I started looking around this time last year there were 26 458 italias in the Ferrari network, it was as low as 7 in feb/ march.. There is a lack of cars but also its possible the upgrade path for existing owners is finished as unless they want turbos (many dont) there's nothing to go to. Hence lack of cars around new model releases
Regy53 said:
It sounds expensive.
when I started looking around this time last year there were 26 458 italias in the Ferrari network, it was as low as 7 in feb/ march.. There is a lack of cars but also its possible the upgrade path for existing owners is finished as unless they want turbos (many dont) there's nothing to go to. Hence lack of cars around new model releases
May be a combination of things, but I think lockdown has a lot to do with it. I know other marques (Maclaren 570 for example) are in very short supply as well without the upgrade path issue. And when there's a shortage in supply you don't need to be an economist to know what happens next.when I started looking around this time last year there were 26 458 italias in the Ferrari network, it was as low as 7 in feb/ march.. There is a lack of cars but also its possible the upgrade path for existing owners is finished as unless they want turbos (many dont) there's nothing to go to. Hence lack of cars around new model releases
JDH1 said:
May be a combination of things, but I think lockdown has a lot to do with it. I know other marques (Maclaren 570 for example) are in very short supply as well without the upgrade path issue. And when there's a shortage in supply you don't need to be an economist to know what happens next.
Prices rise? sorry that's all I have. Unless you have different? Regy53 said:
Prices rise? sorry that's all I have. Unless you have different?
Indeed, which is why they all seem expensive at the moment. What I don't know is whether this is a temporary effect, created by lockdown, or something longer term brought about by the 'end of an era' situation.Drl22 said:
Whilst what Adam is saying is correct, he has paid a premium not only for the spec but for the mileage and will lose that premium if he moves it out of the low mileage category.
I went for a different approach with a high spec, admittedly not quite as good as Adam’s spec, but with higher mileage, I paid £35k less than he did and won’t have to worry about the miles which is exactly what I wanted.
Neither approach is right or wrong but just two different ways to go about it.
This. I went with 17k when I bought it (over 20 now) Mine was 135 I could sell it in the trade for 115 ish. The low mile ones are a dangerous bet as I see it (I work in a none Ferrari part of the car trade) for a couple of reasonsI went for a different approach with a high spec, admittedly not quite as good as Adam’s spec, but with higher mileage, I paid £35k less than he did and won’t have to worry about the miles which is exactly what I wanted.
Neither approach is right or wrong but just two different ways to go about it.
You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling?
And if all else fails just remember it could be much worse you could have bought a McLaren fridaypassion said:
This. I went with 17k when I bought it (over 20 now) Mine was 135 I could sell it in the trade for 115 ish. The low mile ones are a dangerous bet as I see it (I work in a none Ferrari part of the car trade) for a couple of reasons
You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling? And if all else fails just remember it could be much worse you could have bought a McLaren
One of the best posts I’ve read in a long time. You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling?
And if all else fails just remember it could be much worse you could have bought a McLaren I wonder if the day will come when Ferraris aren’t so sensitive to mileage - my Cali had 40k+ miles and still ran perfectly so I don’t see what the big hang up is when a car that’s designed to do 100k miles gets to 10k miles!
fridaypassion said:
This. I went with 17k when I bought it (over 20 now) Mine was 135 I could sell it in the trade for 115 ish. The low mile ones are a dangerous bet as I see it (I work in a none Ferrari part of the car trade) for a couple of reasons
You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling? And if all else fails just remember it could be much worse you could have bought a McLaren
That's the other option!You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling?
And if all else fails just remember it could be much worse you could have bought a McLarenfridaypassion said:
This. I went with 17k when I bought it (over 20 now) Mine was 135 I could sell it in the trade for 115 ish. The low mile ones are a dangerous bet as I see it (I work in a none Ferrari part of the car trade) for a couple of reasons
You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling? And if all else fails just remember it could be much worse you could have bought a McLaren
Great post and one I pretty much agree. Only bit I am not sure is the will next year see drops as that is what people said this time last year. It was based on BBL etc having to be paid and job insecurity yet here we are and if anything prices are in the up just now. Otherwise very good points very well made You simply can't use it. The premium for low miles on F cars is completely ridiculous you are talking £20k to tip over 10/15k plus your regular depreciation so a 150/160k low miler becomes a 115k trade price car with 15/20k on the clock loosing £35 to 40k just for using it.
It's important to remember that 458 is not and is never really likely to be a collector type car there are too many of them around for that so they are all going to depreciate. The market generally has been buoyant this year but next year will probably see some fairly decent drops in prices I reckon so you need to be prepared to loose what you can afford to loose only. I have budgeted about 30k for 3 years in a 458 so I think I have decent margin on that that also includes extending the warranty for year 3. For me as someone in the trade that looks at these things with no rose tints on thats how the numbers worked for me and I hope to enjoy ownership with zero hangups about mileage I simply don't care if it ends up with 30 or 40k on it it's zero consequence to me. You should also build in a "what if I need to get out quick" buffer to mitigate losses which would be vast on a lower mileage car (painful enough based on my numbers for a higher mileage car!)
If the car is a keeper of course none of this matters but how many of us start with those intentions and then end up selling?
And if all else fails just remember it could be much worse you could have bought a McLaren Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff