2010 458 @ $118K

Probably could get it for 100k, not a bad buy.

 

Wish the seller was more transparent... A 2 line description, no mention of history and only a handful of pictures will definitely scare off buyers, even those who are willing to take a leap of faith even with the high miles.

 

Herr we go...google vin search yeilded more images of the car when it was in its infancy at only 2,560 miles. 2010 Ferrari 458 Italia in Rosso Corsa (Red) photo #11 - 174842 | NYSportsCars.com - Cars for sale in New York

More history on the car as a track rental vehicle in Las Vegas at one point also.
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If this 458 ends up in my country by some twist of fate, I bet I'll see it for sale again with just 24,000 miles

Wouldn't be the first and I bet it won't be the last either. Over here people know some folks (rightly so or not - one size fits none) are scared away by high mileage cars, so they just erase the first number on the left and "voila".

Kind regards,

Nuno.

 

What if it soon ends up needing $50K worth of engine, trans, brake, and suspension work?

Now you'd have just paid $150K for a beat up 458 that will still be hard to sell.

The mere difficulty in selling a car like this makes it a bad buy.

 

How did the 2014 spider above sell for only $110,000?

 

I wouldn't be too concerned if the miles were one or two owner mostly well documented highway miles. But when it came time to sell the car it could be a tough sell, no matter what.

What would be the best value in a higher miles car? When to buy and what kind of miles to safely sell the car to get out of it?

 

piece of ****

 

I am more surprised by no one commenting on the 2014 spider with only 13K miles and going for 7k less.
Obviously auction prices give little insight into what was actually brought across the auction floor.
Best

 

quite the contrary...a Ferrari still going strong after 120K miles !

 

Would have to be 80k for it to be worth the possible headaches with much lower miles going for 140k.

 

Not the words of an enthusiast.

These modern cars (2008 onwards in particular) are so reliable and user friendly when compared to the Ferraris of the 1980s and 1990s that we're bound to see cars with higher mileage. They're more practical, functional, usable in a wider range of circumstances.

It's not unusual to find cars like the 308 or the 328 with 30+ years and 30-40k miles. Unpredictable in the rain, heavy clutch, heavy steering, uncomfortable (by today's standards) full blown old school car in which everything happens with sheer muscle force. Tiresome cars after a couple of dozens of miles. That combined with other factors help explain the low mileage in Ferraris of the previous era.

Today, the quality of fluids used, the sturdiness of mechanical solutions adopter over time, software and electronics make for smooth rides, practicality, comfort and ease. That's why it isn't at all uncommon to find 458s/488s with big numbers on the odometer.

We have to change our perception and notion of "high mileage". What represents high mileage for a 355 for instance, isn't the same for a 458/488. I think there's much less risk involved, everything being equal, in buying a 458 with 100.000km+ than a 355 with the same kilometers. Cars, mechanics and technology can't evolve while we stay still, applying the same old fashioned notions like high mileage to something that has nothing to do with the cars that were made 25-30+ years ago. If we all agree Ferrari as a brand as evolved a lot in the past three decades, that means we also have to adapt to a new reality. These new cars have less maintenance, less issues and cope better with extreme use.

Kind regards,

Nuno.

 

This car was for sale back in early 2014 with 116,xxx on the clock. Track car.

More info, taken from a cached ad earlier this year..https://webcache.googleusercontent.com/search?q=cache:x8lP2Z4fNqwJ:https://www.usedcarspot.net/d/2010-ferrari-458-italia-base-coupe-2-door-4-5l/ktmdrskeqerzmsttredd+&cd=1&hl=en&ct=clnk&gl=us

And more info from an old thread here on F-Chat.

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I was going to post this exact same car. It's a shame. I agree with the post about these cars can run longer etc, less issues..but track miles? No way.

Sent from my SM-N920V using Tapatalk

 

Oh My..Yeah, at that price, they are dreaming. Not sure it would even be worth $80k if it really has spent more its miles on the track (at the hand of total noobs).

 

Thanks Nuno.

I like the way you think.

 

Thank you, Manda Racing.

I just happen to think we should be coherent.

What are the most frequent comments regarding our modern Ferraris?

- They were made to be driven and enjoyed.
- These cars like to be driven and get better/run better with time and miles.
- Drive it like you stole it.
- Garage queens are more problematic than cars that get regularly driven.
- Oh my God I'm surprised how Ferraris have evolved: so comfortable, so practical, so usable... Look at me in the snow. Look at me playing golf. Look at me at the beach, etc.

Result: you end up driving and enjoying the car.

If by any chance a car is put up for sale:

- Oh my God! Over 20-30k miles? That's high mileage!!! Steer clear of that deal, the car is shot.
- Oh my God! 150k+ asking price? You gotta be kidding me, the car's not worth it. Too many miles (appliable to all cars with 1k+ miles).
- Oh my God! Somebody tracked a Speciale? Oh my God, Oh my God, Oh my God!!!Steer clear of that deal!!!

We incite people to drive their Ferraris, and then hammer them at used cars ads because they did drove and enjoyed them. What am I missing?!

I've seen 1990s Ferrari engines with 160 and 180.000 kilometers at the independent ship that serviced my cars, that were in better shape than cars with half that odometer and half their age. If properly maintained and always serviced at the correct time with the best products, available, then why not? Of course it's madness to buy a car with such mileage thinking about flipping it for a profit. But if it's a keeper, if you fell in love with it for whatever reason and that's the right car for you, at a fraction of the price... Who am I to judge?

I bet many people would jump straight in on a deal, lets say, for a 1994 355 with 60k kilometers but would steer clear like an infectious disease of a 458 with 80 or 90k kilometers. And you tell me which engine you think is stressed the most, and the one which is more likely to gobble up miles with ease, not being vulnerable to things like rubber belts. (Nothing against the 355. I own one).

Miles aren't everything and we can't tell people to drive and then penalise them on the market because they did.

In 10 years' time, the notion of high mileage will have changed. Reality bites you. 458s with less than 20k miles for instance will be a mirage, whereas cars from the 1990s and earlier it was something normal, not being that practical and/or user friendly. Going 5k miles a year on a 458 is actually not that many miles a year and the 458 welcomes that use and much more. It's actually "under driving" the car. Times 15 years for instance: 75k miles. Anything much less than that over a 10-15 year period and it's a major red flag for me: garage queen or someone took miles off the odo. And we shouldn't be scared or focused entirely on mileage: embrace it. It's unavoidable.

Kind regards,

Nuno.

 

Nuno, did you read the OP? This car was RENTED out to the public, on a daily basis.. for track use.

That means at least 5-10 different people, a day/wk x365 x5...

That's a lot of "Johns"

She is a whore. I would not touch it for more than 60k. From the looks of it the engine is shot with the intermix issue. Does not look like that was addressed, simply assessed.

 

I'm in the market for my first Ferrari. I'm looking at a 2009 F430 spider and 2013 458 spider, but the price is a $70k difference. The 458 is $250k, and I'm having a tough time pulling the trigger because I can't find any info on what is market pricing. I know the cars will depreciate but I don't want to overpay making it worse.

Any advice on how to research Ferrari's when buying would be appreciated.