Considering jumping in to a 458, advice?

Look on You Tube and search for Normal Car Guy. He used to have a 430 and now he has a 458. I spent hours watching his videos over and over and learned how to do the maintenance on my 430. It would be a way to avoid the high costs of maintenance, if you are a little bit mechanically inclined. Also look for an independent shop that will be less expensive than a dealer.

If you’ve done oil changes on your other cars, you can do them on a 458. There’s also threads in the 458 section that will help you with the maintenance. Remember it’s just a car, don’t get freaked out because it has the Ferrari name.


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Losing money when the value drops yearly? Not a problem with a 458. Keep it well and it will appreciate.

Join Ferrari Club of America. You will find enthusiasts there who will give you good advice. Same here at FChat.

 

Hahahahaha. How many have you purchased so far?

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One. And it had appreciated 10kEur in last five years.

So wake up and smell the coffee boy

 

2010 458:
My 2 cents/experience.
Purchased 6 years ago with 5500 miles; now has 22,000 miles. Avg cost of maint. over the 6 years including tires has been $3600/yr though a good independent specialist. Did 5 PPI's via the independent specialist (not dealer) before selecting this one; best money I ever spent. Depreciation has been about $10K/yr but the curve should be starting to flatten out.
Like any used car, buy the newest, best condition and least amount of owners car that meets your budget.

 

Bought a used 458 Spider five years ago with 2500 miles. car NOW has 11,500 miles. Cost of maintenance almost NOTHING, with the seven year services provided by Ferrari NA. Problems with the car are a window regulator that ate itself up. Eight hundred dollar part, I installed the replacement myself.

Horror stories- HUH? Car has been a lot of fun, an event EVERY time I drive it. Depreciation really is the only cost, Original battery. Almost forgot, I did have an LED interior light bulb fail. Go BUY one, and quit overthinking it .At the current prices, the depreciation has mostly occurred. I financed my car through Ferrari Financial, only have two more payments. what a lot of fun it's been.

 

458 is very low maintenance. Nothing like the older cars. Though I would make sure you have money aside if a major repair comes up. Sounds like you are financing so I wouldn't stretch yourself on what your payment is going to be. I would also suggest not throwing up on a public forum that you are going to do something illegal to avoid paying taxes lol

 

I may be misreading but your comment re warranty may be erroneous - its a seven year maintenance plan only covering the most basic requirements

 

" If you can’t afford a toy outright, save longer and do it the right way."- everyone has a different reason for buying cars. I was getting LAZY five years ago. and did something to motivate me to continue working. It worked great, I had my highest gross year the first year I bought the car.

I agree, I would never advertise licensing a car in Montana to save taxes in Illinois .Good luck with that.

Don't know where people feel that just doing oil changes on a car with less than 20 thousand miles is getting "lucky". The 458's are NOT a Maserati BiTurbo that needed major engine work at 7500 miles. I overhauled at least FIFTY of them in a period of four or five years. What is it, that because it's a Ferrari, it's going to be a money pit. Not so. Why would anybody BUY these cars if they thought they're going to cost thousands to keep on the road? Why SHOULDN'T the car be as reliable as a new Honda of the same year?

Grabbing a 2015 gets you ONE more oil change under Ferrari service. Don't make that your deciding factor. My last service on my 2013 spider was LAST year. 2019. It's like they counted the initial inspection as the first service.

 

Hello,

I’m a first time Ferrari owner and I purchased a 2015 458 Italia Ferrari (dealer CPO) last December. It had a thorough inspection with an excellent report. In the twelve months I’ve owned it, I have had no problems at all (knock on digital wood... ).

My 458 had three years left on the original seven year maintenance program, (two years left now) so the annual maintenance has been free (to me). It also came with two years of the Power Warranty, of which there is now one year left.

So no issues, it has been awesome in every respect. Luckily for me, the tires and battery were replaced before I bought the car. I added a Ferrari Collection option that shows “458 Italia” on the ground when you open the door (instead of just a lighted area) that cost $750.00. Original lights were working fine, I just wanted the 458 Italia logo instead.

Other than petrol and insurance, that’s my only costs so far... The annual insurance was about half what I was paying for a 2018 SonderKlasse 560 4Matic, so I was thrilled! I do not track or worry about depreciation at all. I’m never going to sell it, so it’s not an issue for me. My executor can worry about that, I’m having too much fun driving it!!! YMMV...

P.S. The previous owner kept her in a heated and air-conditioned car park year round, so no issues with wrinkled leather or sticky buttons thus far. I also keep it in a climate controlled car park at 74 degrees, so I’m hoping she will age ever so gracefully.

Cheers!

 

You sound just lik me a few months ago. Same concerns,same budget and same way of thinking. I was at around 200k but would go further for the right deal. Ended up with a 2018 488. I explored the Montana option but felt the 13k in taxes was tolerable as opposed to the potential issue with any accident and the policy not paying out. If you can afford to stroke a check for 200-250k don’t be that guy. After seeing the 458 market which is on fire I felt more comfortable with regards to taking a huge loss. My rookie observations were that if the car is spec decently with the right color it will sell. I know cause I tried low balling a few dealers they laughed and the car s sold within days causing me to miss out . Ferrari Chat is an awesome tool and enjoy the process. Some people spend 25k on annual dues at a gold club etc . Knowing you are a tiny % of the world with an F car is priceless.

 

A spider in that lower price range you mentioned will be tough if you are super anal about every detail being near perfect.

 

That $200k +/- area.

 

I’m a boat guy where it’s common to knock down 10% on an asking price. I learned the nice low mileage F cars don’t respond well to the 10% lol.
The prices of the nice 458s were up there close to 488 territory. Read and read and read saw every video on YouTube and decided the 488 was it. If I would have found a nice 458 if gone that route but for 20-30k more I went with a newer car and sacrificed the sound of the 458. I drove a Tahoe so any fart has better sound anyway.

As a rookie another thing I learned was price and miles aren’t the complete story. SPEC really plays a big role from my observations. I was able to knock off a whopping $1000 of ask and got shipping included. Ferrari dealer in Miami had identical car and they were in the 240k range sales guy never tried making a deal happen which shocked me. The Ferrari market is very unique. Conventional toy buying didn’t work here for me so paid retail it have a kick ass 488 on the way .

 

The new people that post here are hilarious. That's tax evasion and it's not legal. I would think someone who could afford to pay cash for a Ferrari and a "few" Escalades would be smart enough to know setting setting up a shell LLC in a state you don't operate in, to avoid taxes is against the law. Are you related to the guy who bought the hall of famers house???

 

The OP made a statement suggesting that more 458s will become available as new Ferraris are sold. While there will always be a supply of 458s for sale, we’re past the point of 458 owners trading out of their cars for 488s. It’s likely that we have more 488 owners going back to 458s than vice versa. Also, as people have (re)discovered the 458 value proposition, there are more and more of the best 458s now into planned long term ownership.


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