Smart Decision to Buy a New 488 in 2018? 488 Replacement? | FerrariChat

Smart Decision to Buy a New 488 in 2018? 488 Replacement?

Discussion in '458 Italia/488/F8' started by 599freak, Jan 22, 2018.

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  1. 599freak

    599freak Rookie

    Mar 12, 2008
    25
    Hey Guys,

    I'm looking at buying a new replacement for my Z06 and GTS this year and I love the 488.

    My only concern is I heard that the 488 replacement comes out next year and concerned about all the money i would lose in resale once the replacement is out?

    Any thoughts?
     
  2. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,282
    South East
    Full Name:
    Jimmie
    Almost any new car you buy is on a three/four year replacement/revamp cycle so in many ways not only is a depreciation due to replacement a given it is effectively built into the state of the secondhand market

    Having said that you would be unlikely to get a 488 replacement before MY 2021
     
    joe5522 and uhn2000 like this.
  3. xfrgtr

    xfrgtr Karting

    Jul 20, 2011
    97
    Next year is the "GTO", not the 488 replacement
     
  4. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    4,839
    France
    My guess is that you should expect to lose some money on a new car, although actual deliveries of 488 replacement will probably not be before 2020. The loss percentage is lower than for other brands, but the loss is still significant due to the high starting price.
    Best way to limit depreciation loss is to buy used.
     
  5. LCW

    LCW Karting

    Dec 29, 2016
    94
    South Florida
    You will not be able to get a 488GTO and the "replacement" (i.e. a whole new model) wont be out until 2021. So get what you like and enjoy the drive.
     
    uhn2000 likes this.
  6. 3POINT8

    3POINT8 F1 Rookie
    Rossa Subscribed

    Jan 23, 2014
    4,399
    OP, not to hijack this thread, but what are your thoughts on the Z06? I was looking at adding a new one. (currently have a 911S and F430). I heard they were great but wanted to hear thoughts from a Ferrari guy
     
  7. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    24,957
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    It looks like Ferrari is now asking "all the money" on 488, since they seem to be going for about sticker second hand, and drop thereafter with some mileage. Totally different from 360 [and 430], which had sticker [less than] half of a 488 but were going for $100k over sticker for a long time.
     
  8. LVP488

    LVP488 F1 Rookie

    Jan 21, 2017
    4,839
    France
    That may be a US thing - in France (and I guess Europe) even at the highest prices of 2014-2015 no 360 or F430 has ever been at a higher price than new, only the Challenge Stradale has exceeded its price as new and certainly not by $100K. The Scuderia just briefly matched its price as new in 2015 but is now down again.
    When cars get older of course their prices go up, but when accounting for currency depreciation one has to wait for a long time to get a price matching the value as new (I guess today you'd have to go back to the BB to get that).
     
  9. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    24,957
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Well not in the recent bump - 360s can be had from the low $40k range for a high miles driver to $110k for a very clean manual. I meant back in 99-01 when the then-new 360 had a $150k sticker but were trading around $250-300k.
     
  10. Doctor Mark

    Doctor Mark Formula Junior

    Dec 15, 2005
    870
    Georgia
    Full Name:
    Mark Gronsbell
    In reference to the Z06, it is a great car with gobs of power and torque and virtually $0 cost for maintenance. Many are available at a significant discount. Also fun to have a manual gearbox. It is not a Ferrari but you already knew that.
     
    scuderia-seat likes this.
  11. Doctor Mark

    Doctor Mark Formula Junior

    Dec 15, 2005
    870
    Georgia
    Full Name:
    Mark Gronsbell
    Sorry. I misread the original post.
     
  12. 599freak

    599freak Rookie

    Mar 12, 2008
    25
    The Z06 was a great car. 650BHP & 650NM but you had to be very careful as the car wasn't the best at putting down all that power. Very easy to screw up and drift off. But a $70k for a 650HP supercar, thats the most bang for the buck you can have. Lacked the refinement and interior materials quality of the high end cars like Porsches, Ferraris, Bentleys etc.
     
  13. 3POINT8

    3POINT8 F1 Rookie
    Rossa Subscribed

    Jan 23, 2014
    4,399
    awesome thanks
     
  14. 3POINT8

    3POINT8 F1 Rookie
    Rossa Subscribed

    Jan 23, 2014
    4,399
    yes i would like the manual. anyone drive the paddles? is it a DCT or shiftable auto?
     
  15. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    24,957
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    I never drove my friend's manual one but riding a few times, it was definitely the fastest car [0-60] I've ever been in... with an Enzo in 2nd place.
     
  16. REALZEUS

    REALZEUS F1 Veteran

    Feb 16, 2011
    7,658
    Bournemouth, UK
    The numbers beg to differ: http://www.zeperfs.com/en/duel1008-5537.htm ;)
     
  17. Way2fast

    Way2fast Formula 3

    May 24, 2006
    2,207
    Santa Barbara County
    Full Name:
    Sam
    I drove my friends 2015 Z06 with paddles. Fastest car I have ever driven. Just click it into 3rd at 60mph and I was passing big rigs and 5th wheels almost instantly. It is an 8 speed transmission. I hit 158mph in 5th.

    Sent from my SM-T580 using Tapatalk
     
  18. 3POINT8

    3POINT8 F1 Rookie
    Rossa Subscribed

    Jan 23, 2014
    4,399
    wowzers!!!
     
  19. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    16,445
    ON
    Full Name:
    CH
    It depends where you live. If you live in Miami the market competition for a new Ferrari is stiff. Customers who have bought 5 or even 10 new Ferrari models in the past will get first chance at a new Ferrari like the replacement for the 488 so you would have to wait two years or more before you could buy one. The 488 has been around since the 2016 model year so if you want to order a coupe now your chances are much better. The replacement won't have a huge effect on the 488 values because they will be scarce and difficult to find for sale. The seller of the 2020 model will want more than list price for the 488 replacement. This will help to maintain 488 resale prices. The 458 is a good example of strong resale prices for an older model Ferrari. Though with the disclaimer that being the last normally aspirated V8 helps a bit on the value. If you are concerned about resale value for a 488 buy red with a tan interior and there will be a ready market for the car when you decide to sell. For many people the 488 is the best Ferrari you can buy; having lots of power and it seems few problems.
    Good Luck!
     
    Afonsolaw, anishka and jm2 like this.
  20. obbob

    obbob Formula Junior

    Aug 14, 2017
    774
    If you are concerned about resale, get a safe color combo and as minimal options as possible.

    Any options you do get should be utility adding options (i.e. carbon driver zone, parking sensors, lifter, rear camera, etc.), plus the near-mandatory cosmetic options such as Scud Shields and maybe racing seats.

    If you really can't live without things like a carbon fiber diffuser, you can add those aftermarket for half the MSRP from factory.
     
    scuderia-seat likes this.
  21. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,908
    New jersey
    You can't forget to add the Carbon LED steering wheel.
     
    of2worlds likes this.
  22. Solid State

    Solid State F1 Veteran
    Owner Rossa Subscribed

    Feb 4, 2014
    9,582
    Full Name:
    Maximus Decimus Meridius
    If you are concerned at all about relatively quick depreciation don't get a 488 unless the last LE version.
     
    Gh21631, Afonsolaw and xfrgtr like this.
  23. Napoli

    Napoli Formula Junior

    Nov 18, 2017
    958
    Full Name:
    NOYB, Ray!
    Your answer is in the first line of your thread - “I love the 488.” Spec it as you want. Enjoy.
     
  24. exoticcardreamer

    exoticcardreamer Formula 3

    Dec 9, 2014
    1,051
    usa
    Full Name:
    doesitmatter
    Have you seen on the forums what 2015 458 spiders were selling for last year? Original owners probably took $80K to $100K hits.
     
    Gh21631 likes this.
  25. of2worlds

    of2worlds F1 World Champ
    Silver Subscribed

    Apr 6, 2004
    16,445
    ON
    Full Name:
    CH
    In Canada you won't find may 458 bargains. Every market is different.
     

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