California T advice

[Tinkywinky112233]

Hi all, would really appreciate views on the potential purchase in the link below.

Does anyone know this car, with 7 owners and 11k miles - red flag?
Also, the handling pack, does this really add anything to resale values, I change cars often, and wonder if it makes it any more desirable.

Finally, in peoples experience, what does the dealership spread tend to be on these things - if I bought and then sold back after 6 months / 3000 miles - what am I potentially losing? £10k? £15k? Appreciate this is crystal ball stuff, but you all have the experience in Ferrari I don't have!
Thanks in advance all

https://www.autotrader.co.uk/car-details/202504251...

[bennno]

Assume a 20%-25% loss to sell back, if a dealer would buy.

I'm not sure that white is an especially popular colour for resale.

You'd lose less on a 718 spyder or 4.0 boxster brought well

[ANOpax]

And then the next potential owner will be on here in six months time asking about 8 owner cars with 14k miles

If all you want to do is run it for the summer then ask Stratstone to give you a guaranteed repurchase price based on age and mileage. Then you’ll know where you stand financially but I’m guessing that they’ll bid you no more than 60k.

Edited by ANOpax on Wednesday 28th May 22:10

[maura]

Yes you could be looking at a 25k loss there for 6 months use on a white California.

[DeejRC]

You would have to be insane to drop £90k on a Cali at to run it for 6months.

[DeejRC]

You would have to be insane to drop £90k on a Cali at to run it for 6months.

[bennno]

I think you need to consider its the wrong time of the year to be buying a convertible (peak summer pricing) with the expectation of selling it in November or December and not taking a hiding.

Mix in main dealer mark up, less popular colour and the age of the car meaning its on the cusp of not being warranted by a main dealer moving forward and this has all the ingredients for a significant drop.

[JJ77]

I know it’s not a T, but somewhere in between, and you want white, I would be looking at this and offering 69,950. Think your loss would be 15k max for a 6 month use. Has Ferrari Warranty that could be extended by the next owner if needed. Racing Seats must be very rare in a Cali.

https://www.romansinternational.com/used/cars/ferr...

[Tinkywinky112233]

Just to update - I m not planning to sell within 6 months, I m not crazy as has been pointed out :-) . I was just trying to gauge what the spread might be- and it seems to be the 20% mark.
Does anyone have any comments re the handling pack and desirability? Or number of owners being a red flag?
Colour is of course subjective and appreciate white isn t everyone s cup of tea! Thanks for all the comments so far

[bennno]

Tinkywinky112233 said:

Just to update - I m not planning to sell within 6 months, I m not crazy as has been pointed out :-) . I was just trying to gauge what the spread might be- and it seems to be the 20% mark.
Does anyone have any comments re the handling pack and desirability? Or number of owners being a red flag?
Colour is of course subjective and appreciate white isn t everyone s cup of tea! Thanks for all the comments so far

Handling pack is for me is irrelevant on this model, it’s a drop top gt, if it compromises the ride then it’s perhaps less desirable.

Dick Lovett are first class, they have 4 Ferrari approved cars on their web site…. All at better prices and probably with a deal to be had.

https://www.dicklovett.co.uk/ferrari/used-cars/201...

[murphyaj]

Tinkywinky112233 said:

Does anyone have any comments re the handling pack and desirability? Or number of owners being a red flag?

I have owned high end cars with lots of owners (including a Ferrari with 8 prior owners, and an Aston with 10) and some with very few owners. There has been no correlation whatsoever between the number of owners and how good the car has been. It's at a main dealer, which means it should have been inspected and will come with a warranty, so honestly I wouldn't worry about the number of owners at all.

That being said, if you aren't planning on keeping it long then you might find it a touch harder to sell because some people do (incorrectly IMHO) get caught up on how many people have owned a car.

[M138]

It’s a buyers market and definitely not a sellers market at the moment and that goes for most brands.
Be careful of dealers who’re still trying to sell at boom prices even though the market has dropped right off.

[MingtheMerciless]

Tinkywinky112233 said:

Does anyone have any comments re .. number of owners being a red flag?

I agree with ajm above. it would not deter me if the car was exactly what I wanted. I know the day you buy is the day you sell but I'm more interested in the ownership experience. I would, however, be aware that the ability to move it on may be constrained by a large number of owners. Is it the case that a majority will be OK with it? Or a minority? What is certain is that some buyers may be put off. And if it has other resale red flags like arguably being white, it may be a bad combination if trying to sell in a buyer's market.

Or perhaps you get the car you really want not caring about resale at a possibly advantageous price.

Not caring etc. is why I bought yellow.

[SkidMark2000]

Be interested to know how this has worked out.
I'm close to changing my (15) Porsche ,911 Targa (991)
For a (66) California T
Cali comes with a warranty not sure if it's a weekend time share with garage or repaired as my 911 is bomb proof could be a daily driver. I'd want the Cali T to use every weekend?
Is this viable

[willy wombat]

You can use any modern Ferrari every weekend. Plenty people use them as dailies. Personally I’d be reluctant to use one when there’s salt on the road but some people do.

[SkidMark2000]

Yes of course winter driving for me is not going to be in a Ferrari.
I hear horror stories of the Cali T from handling to gearbox issues is there any truth in them?

[bennno]

SkidMark2000 said:

Yes of course winter driving for me is not going to be in a Ferrari.
I hear horror stories of the Cali T from handling to gearbox issues is there any truth in them?

Just as many 911 / cayster pdk horror stories .. various specialists about

Handling, you need to go look at and drive one.

[Hoofy]

The thing about resalability is that it's not really "will it sell" but "will I be able to sell it quickly for the best price".

Take this 360, for instance (if you're been browsing Autotrader for a while, you probably know what I'm about to link to without even clicking on it): https://www.autotrader.co.uk/car-details/202411286...

It's been on the market for maybe 8 months, slowly dropping in price. It was originally up for about £55k for a year in Milton Keynes I think.

Now, the paintwork and interior is a bit worn and the bumper is not correct. This will put off many Ferrari buyers. So the resalability isn't great. But what if they offered it for £20k? Suddenly, they'll have buyers bashing down their door. It will sell quicker than any other Ferrari currently for sale.

So if you're buying a white Cali T with 10 owners, you have to really think about what you're willing to accept come resale time. And what you're willing to pay for it now.

Edit: well, that 360 was advertised for £37500 and it's gone. Guessing the agreed price was £35000 (or something with a part-ex). In any case, if it's low enough, it's resalability is still there.

Edited by Hoofy on Monday 14th July 14:30

[Tinkywinky112233]

SkidMark2000 said:

Be interested to know how this has worked out.
I'm close to changing my (15) Porsche ,911 Targa (991)
For a (66) California T
Cali comes with a warranty not sure if it's a weekend time share with garage or repaired as my 911 is bomb proof could be a daily driver. I'd want the Cali T to use every weekend?
Is this viable

Hey- happy to update! Bought a 16 plate Cali T, not the original one I referenced, but still from main dealer. Long and short, love it. It would never be my intention to sell quickly- I was just looking for perspectives and wondered (having never owned a Ferarri) if the market was any different.