Hi I am looking at a 12k miles 2018 488 for 275k without taxes/fees. Is this a fair value for current market? I am planning to hold the vehicle for two years until I get my 296 (already ordered but dealer told me it will take at least 18-24 months). I am just afraid the value will fall much faster (a 2018 488 was about 230k in 2020) once all the shortage is over. Sent from my iPhone using FerrariChat
You must remember that these cars take the biggest hit over 10k miles. Approximately how many miles in the two years do you plan to put? I would say hard to predict based on demand and supply at the time. Considering that new cars by that time will be hybrid or EV might help stabilize your situation.
I will probably put another 8-10k miles on it for the next two years. It is hard to predict the market but looks like it’s the cheapest one on the market with decent spec. I might just ask for extended warranties or just few more grands off. Sent from my iPhone using FerrariChat
No one knows what will happen to values although we all enjoy to speculate. My opinion is yes $275 is close to what’s current. What we all do know is that time is limited. I would certainly suggest you enjoy that 488 now! While the next 18 months will fly by you may as well be enjoying it with your hair on fire Sent from my iPhone using FerrariChat
They lost the window sticker so I can’t get the MSRP… but it has carbon exterior/steering wheel options, and the lifter. So I think around 310k? It also has front and back ppf (not a full wrap though). Sent from my iPhone using FerrariChat
488 is a great choice. When your 296 shows up you may not want to sell the 488 find the best 488 and go for it it’s an amazing machine
Its impossible to know what the future holds. We only get so many trips around the Sun. Go for it, and enjoy it now.
If you are worried about the money/value on the 488 then just don't buy anything and wait for the 296. If you want to have a Ferrari while you are waiting for the 296 then buy what you want and don't worry about it. You are obviously successful and smart with your money or you would not be in this situation so if you lose 20K on the 488 who cares? You have a $300K on order and are contemplating a $250K-ish car as an interim - without getting personal I can't think that $20K here or there will cause you live in a van by the river If you want a 488 and like the one you found then buy it - I respectfully disagree that the newer 458s/488s/F8s/Portos/Romas/etc. drastically drop in value over 10K miles - they are meant to be driven and the build quality is the highest it has even been along with relatively low maintenance costs. MOST people with 458s/488s have over 10K miles on them - many are pushing 50K or more and there are even several at 100K. If you like the car and it has a solid service history, clean Carfax, perhaps a recent/current PPI then buy it and drive it and don't worry about the value that much - when the 296 comes in it will be worth what it's worth and whatever it has depreciated to will simply be the cost of owning and enjoying a beautiful and awesome Ferrari while you wait for another beautiful and awesome Ferrari. Not a bad problem to have
Personally I think that the op is asking two questions 1 is this fmv ? 2 will this particular car be a good interim car for his needs. The general consensus is yes it’s fmv or close. But I’m not sure it’s the best one for you. In the current market miles are mitigated and prices are high. In a future market will that be the case ? If you plan 8-10 k miles you’ll have a 20k mile 488. Not sure I want to see what the price is on that. I suspect in a future market as a trade in they’ll really hurt you and as a private sale? Who knows. Yes this car may be on the bottom end of the offerings but that may be a problem. For me, find a great car, less miles and put all the miles on it - and take a hit but not killed. Lastly we don’t really know when the 296 is coming and where y’all be in that list for your dealer despite any assurances. So buy what you love and don’t worry as was suggested above. But love something with less miles. Sent from my iPhone using Tapatalk
First any dealer can have the window sticker reprinted. My car was a 2018 and massively loaded with triple layer paint (30K option), tons of CF, Racing seats and upgraded stereo and was 330 MSRP so if the car has only the CF/LED Steering and lifter we are talking about a sub 300 MSRP. Best is it look at the option plate in the front and that will tell you the options. That said if that is the market that is the market and options don’t really pencil dollar for dollar anyway
Image Unavailable, Please Login Here is the options plate. I decided to purchase the car for 273k. Not sure if it would be the best price on the market but I have talk to the guy over a month and just want to make the purchase anyway. Sent from my iPhone using FerrariChat
That’s decently optioned GTB. I was thinking you said it was spider - sorry for my confusion/error. It was build almost the same As my 2016 GTB so MSRP on that car was probably around 280.
I love those plates- Wish they had done them on 458s. Enjoy the car- Sounds amazing Anyone who is shopping Ferraris on price is probably going to not enjoy the chase. Buying a Ferrari is about determining what you want and within fairly wide parameters what you can afford and are willing to pay - Then when the right car that gives you goose bumps and you think about for days comes along then then do it. If your stressed about miles and trying to predict the market then stocks or art are probably better choices than modern production exotic cars IMHO. Enjoy the car- Pics soon
