488 Pista / 6,000 units being produced?...? | Page 4 | FerrariChat

488 Pista / 6,000 units being produced?...?

Discussion in '458 Italia/488/F8' started by GoHardGT3RS, Mar 1, 2020.

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  1. RayJohns

    RayJohns F1 Veteran
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    May 21, 2006
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    Ray
    For as much as I like the lines of the Roma, in some odd way it doesn't look 100% like a Ferrari to me. Hard to explain - maybe it's the tail light treatment or something.

    Beautiful car though.

    Ray
     
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  2. RayJohns

    RayJohns F1 Veteran
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    They didn't break it down by car from what I saw. I didn't read the entire report word by word. I just noticed they mentioned the production numbers for 2019.

    Ray
     
  3. RayJohns

    RayJohns F1 Veteran
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    I haven't seen one in person yet, but how the back looks in videos and photos gives me pause. It just looks too busy to me. Just because you can design something, doesn't mean you should. Usually more simple and uncluttered lines look smoother and more beautiful. I really don't know what Ferrari is trying to accomplish with things like the F8 rear glass and the crazy rear end design of the SF90. Just give me a glass rear window and let's call it good.

    Ray
     
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  4. RayJohns

    RayJohns F1 Veteran
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    The 412 is a nice looking car for sure. I went to lunch once in a 412 (or maybe it was a 400i) and it was a fun ride for sure. The older Ferraris are really great. I've always really liked the 250GTE also.

    Ray
     
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  5. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    951
    Ask yourself what the money factor is on that lease... then you will see why the residual is that figure.
     
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  6. ChipG

    ChipG Formula 3

    May 26, 2011
    1,722
    Santa Monica, CA
    Thanks for the reply, I'm wondering if they are manufacturing a lot more getting ready to dump them all.
     
  7. Surfah

    Surfah F1 Rookie

    Dec 20, 2011
    3,135
    Looks like a Jag and Aston had a baby.

    Sometimes less is more.
     
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  8. RyanFoH

    RyanFoH Formula Junior

    Jan 30, 2010
    818
    Houston, Texas
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    Ryan D
    To avoid speculation, FFS does not adjust Money Factor / APR by model.

    It is the same whether a new Portofino, F8, Lusso T, 488 Pista.
     
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  9. tfazio

    tfazio Formula 3
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    Apr 20, 2004
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    Yes, Ryan is absolutely correct but Residual Values do vary by model.
     
  10. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    951
    #85 boobernackle, Mar 6, 2020
    Last edited: Mar 6, 2020
    Go talk to your finance manager and ask what was done with money factors through FFS for certain models. There is an option to reduce the rate significantly, or get additional discount instead... Sometimes up to $50K (Lusso). I bet those dealers selling Lussos at MSRP to push Pistas didn't disclose that to customers?

    FFS money factor is typically .00269, which I believe to be very high (6.45%) based on captive lease programs across the board. On certain models, there will be incentives through FFS to reduce it to .0002, but the residual value will be lower/standard. Dealers can, and many do, mark up the money factor for additional profit without disclosing it to the customer, a practice I feel should be banned in the industry.

    The fact I provided the aforementioned with incredible accuracy shouldn't alarm anyone.
     
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  11. RyanFoH

    RyanFoH Formula Junior

    Jan 30, 2010
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    Houston, Texas
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    Ryan D
    Yes, a money factor rate reduction is available with the FFS standard programs (FFS Loyalty or Equity Discount). There is a FFS Lusso Appreciation Program that is much more aggressive that also adjusts residual.
    I can't speak for other dealers on finance disclosures or there practices, only mine, but I am not naïve to the actions you mentioned.
    I personally handle the finance aspect of every sale (I prefer this method as it allows me to oversee the transaction more closely and it eliminates a commissioned employee. It's just easier.). I have been with this organization since 2015 and have never marked up the money factor (we only contract FFS leases). I contract at buy rate and paperwork is 100% ready when the client arrives for delivery. To each there own on how a store operates.

    My comments regarding money factor / residual values by (FFS) are meant as a perspective related to how the captive lender views the Ferrari market (specifically new 488 Pista / Spider).
     
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  12. Borrow’d Mine

    Borrow’d Mine Formula Junior
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    Nov 28, 2019
    807
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    Correct you are.
     
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  13. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    951
    Thank you for the reply and honesty, along with confirming my prior message.

    I tip my hat to you for not adding to the money factor, there are more of us out there, but I also realize that dealers are independent operators in a free market. My only issue is when dealers do it without disclosing it to the customer.

    My initial point is that FFS does have variable money factors, not the fixed rate as mentioned in your earlier message, but they comprise of lowering the residual (standard rate). FFS could have a Pista with a MF of .0012 (which is around what many captive finance arms typically use) and make the residual at 52%, but I believe they elected to have a higher rate alongside a higher residual.

    The post from another user about the residual being 67% did not include that it comes at a premium with a high interest rate to compensate. FFS will always win, just like any other leasing company, so if the Pista value after 5 years becomes 50%, FFS is still ahead due to the massive interest payments already collected, which can be up to $2,000/month at a MF of .00269
     
  14. dmark1

    dmark1 F1 World Champ
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    Feb 26, 2008
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    Another boring thread written by people that either couldnt get a Pista allocation or can’t afford one to begin with.

    yawn, go back to Reddit people.
     
  15. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    951
    LOL, I'm right there with you... Messaged mods to have my reply #85 deleted and move on, no luck!
     
  16. IloveGT

    IloveGT Formula 3
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    Oct 17, 2015
    2,419
    How long have you had it for again? Was it two months?
     
  17. IloveGT

    IloveGT Formula 3
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    Image Unavailable, Please Login
     
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  18. boobernackle

    boobernackle Formula Junior

    May 28, 2016
    951
    Relax, nobody is dumping anything...
     
  19. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
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    Pete
    Options also have lower residentials then the metal so this can increase costs to the purchaser considerably. On a deal I did it was 60% residual on the metal and 40% on the options
     
  20. 2006m5

    2006m5 Formula Junior

    Dec 19, 2008
    912
    huntingdon valley PA
    My opinion i like the speciale better even though it’s slower.
     
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  21. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    7,716
    Tropical
    Looks like the 6000 number was not so far out after all
     
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  22. dustman

    dustman F1 Veteran
    Rossa Subscribed

    Jun 12, 2007
    8,928
    +1,000
     
  23. doc76

    doc76 Rookie

    Jul 27, 2014
    43
    Italia
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    Nico
    hello, I don't think the number of 6000 track is too much, (Pista - Pista Spider - Pista Piloti) since the F12 was produced in 4000PZ and F12 TdF about 1000PZ ... GTC 4000pcs ...
    SIG MASSINI HELP US
     
  24. ScrappyB

    ScrappyB Formula 3

    Oct 3, 2017
    1,368
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    T
    My hunch that Ferrari was going to build many Pistas was one of the reasons why I purchased Ferrari stock. While my Pista has depreciated, I’ve profited from RACE. A natural hedge of sorts.
     
  25. Coincid

    Coincid F1 Rookie

    Dec 9, 2014
    3,577
    Canada
    If you bought Tesla a few months ago, you coud have had SF90 for free.
     

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