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?
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
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.
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.
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
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.
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).
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.
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.
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.
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.
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
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!
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.
If you are concerned at all about relatively quick depreciation don't get a 488 unless the last LE version.
Have you seen on the forums what 2015 458 spiders were selling for last year? Original owners probably took $80K to $100K hits.