Future 488 Pista Prices

[JDS 123]

The initial message was deleted from this topic on 10 November 2022 at 08:24

[Drclarke]

Oh for gods sake

[JDS 123]

Excellent thanks for your input Dr!

[Buster73]

JDS 123 said:

Hi

I am thinking about getting into a Pista and just wondered what everyone thinks prices of these are going to do in the next 5 years

Many thanks

Why don’t you tell us what you think will happen ?

[ANOpax]

paging Mystic Meg, paging Mystic Meg.

[W4NTED]

Happy reading - welcome to the lovely place called Pistonheads full of friendly and helpful people

https://www.pistonheads.com/gassing/topic.asp?h=0&...

[jwdh1]

W4NTED said:

Happy reading - welcome to the lovely place called Pistonheads full of friendly and helpful people

https://www.pistonheads.com/gassing/topic.asp?h=0&...

that thread was 2 prime ministers and 1 catastrophic mini-budget ago so might not be too valid W4NTED

fwiw I think most cars, LE or not, will experience some downturn over the next year or 2, long term view really would be a guess right now?

[W4NTED]

jwdh1 said:

that thread was 2 prime ministers and 1 catastrophic mini-budget ago so might not be too valid W4NTED

fwiw I think most cars, LE or not, will experience some downturn over the next year or 2, long term view really would be a guess right now?

If anything from what I have seen prices have increased since that thread bagan. My brother picked up a Pista for £255k via a private sale 12 months ago but similar specs are now £340k trade.

[jwdh1]

W4NTED said:

jwdh1 said:

that thread was 2 prime ministers and 1 catastrophic mini-budget ago so might not be too valid W4NTED

fwiw I think most cars, LE or not, will experience some downturn over the next year or 2, long term view really would be a guess right now?

If anything from what I have seen prices have increased since that thread bagan. My brother picked up a Pista for £255k via a private sale 12 months ago but similar specs are now £340k trade.

agree totally that they have increased since back then, however, things seem to be slowing down considerably at the moment? Not trying to talk the market down by the way (have plenty of skin in this particular game), it's not the 1st time conditions like this have occurred and it won't be the last...

[W4NTED]

I don’t think a forum chat can bring the market down buddy. Yes times are tough, finance is getting expensive but cars are selling. Winter as always will slow things down further but I expect things to bounce back as usual from March onwards.

There will certainly be a downward trend in the next year but as always the market will bounce back IMHO as people spending £250k + on a car are usually the ones making more money in a recession!

[WCZ]

pista is a bit meh imo in terms of long term values considering the f8 etc exists

[jwdh1]

WCZ said:

pista is a bit meh imo in terms of long term values considering the f8 etc exists

you could say that about any past LE car surely?

599GTO is a bad long term prospect because the 812 is so good?

[mirsgarage]

I think on the other side of this recession (2025) they'll be around £250k-260k. You're already seeing cars at £310-ish, it wouldn't surprise me if some have changed hands for £300k-ish.

Imo some point next year you'll see them listed @ £290k, trading for £280k.

I know it's not a Ferrari special, but it doesn't help that the 296 GTB/GTS is doing very, very well in reviews. Some reviews are comparing the two and putting the 296 marginally ahead in fun factor. My F dealer has said the same, sales manager believes the 296 is a better driving car than the Pista (no st, he's gotta shift units, but there's a Pista right there he could sell me for the same money, I guess..), and Ferrari chat mostly feels the same. None of these are worth much as points of information, but when you put it all together it does paint a picture of which way the wind is blowing.

I am biased, having ordered a 296 GTS. But I look forward to Pistas dropping into the 270k range. I will probably buy one at that figure until my GTS arrives.

[garystoybox]

WCZ said:

pista is a bit meh imo in terms of long term values considering the f8 etc exists

Totally agree…. no way is a Pista worth £100k more than an F8. The F8 is also a considerably rarer car in the UK (how many left indicates a lot more of Pista around) so not like you can play the ‘limited edition’ car either. I’d still rather have a Pista over an F8 but just because it sounds and looks a little better imo but wouldn’t pay a premium.

Getting off topic but I think the only thing supporting these cars is the huge increases in price of their replacements. The example being a 296 GTS at a mid-high spec pushing £330-350k. New Ferrari are becoming increasingly eye watering expensive.