458 - buying ??? what year to stay away from | FerrariChat

458 - buying ??? what year to stay away from

Discussion in '458 Italia/488/F8' started by RobertM, Nov 6, 2015.

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  1. RobertM

    RobertM Formula 3

    Apr 17, 2005
    2,443
    Weston, Florida
    Full Name:
    Robert M
    I am looking for a 458 and understand that some of the earlier models (2010 - 2011) had transmission issues and in the late model year of 2011, Ferrari made a change to the current transmission / gear box.

    Any thoughts would be appreciated on what to look for when buying a 458
     
  2. leead1

    leead1 F1 Rookie

    Nov 29, 2006
    2,828
    Florida
    Full Name:
    Lee
    What you have heard may be true, I do not know. I bought my 2010 458 in 2010 and I still own the car. My 458 to date has not given me any problems.

    I heard on this forum that the later cars do not have the pops and sound of the 2010 or 11s

    good luck with your purchase.

    Lee
     
  3. since-15

    since-15 Formula 3

    Nov 26, 2008
    1,142
    I was once told 2010, 2012-2015 are the best bet and to avoid the '11. The 2012 and later come with the seven year maintenance plan. That alone must be worth getting a later model.
     
  4. colonels

    colonels Formula Junior

    Aug 5, 2011
    867
    You're going to be shocked at the asking prices. Low mileage 2010 and 2011 coupes still asking 190k to 210k and keep in mind these MSRPs were only 240k to 270k on average.

    That's right you're looking at a 25% depreciation over 4 to 5 years. It doesn't make sense to me. The only thing I can think of is once it breaks the 200k barrier people mentally think it's a good buy, even though it's out of warranty and is technically 4 or 5 years old technology too.

    Please let us know how you do. I was looking to get back into a 458 coupe after selling my spider but the pricing just isn't right yet for me.
     
  5. djantlive

    djantlive Formula 3

    Jun 30, 2005
    1,015
    ^^^^ that probably bc ferrari weren't sold at msrp lol
     
  6. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,619
    South East
    Full Name:
    Jimmie
  7. RobertM

    RobertM Formula 3

    Apr 17, 2005
    2,443
    Weston, Florida
    Full Name:
    Robert M
    Thanks for your thoughts. I am also considering waiting until I can pick up a pre-enjoyed 488. I am all over the place regarding what to get.
     
  8. Financialman

    Financialman Formula 3

    Sep 8, 2005
    1,841
    San Jose CA
    Full Name:
    Dan Carpenter
    The transmission is the same in all 458 models years according to my dealer, only a few 2010's had a transmission issue which was repaired early in production, In fact both my local Ferrari dealers have never had to replace a 458 trans and we have several high mileage 458's in my area.

    Bottom line is the 458 is one of the most reliable Ferrari's ever made and you can't go wrong with any year, just look for your best deal.

    And again this info is straight from two Ferrari dealers.
     
  9. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    I owned a 2011 for 3 years no problems.
     
  10. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    Used 488's will bring over MSRP for several years.
     
  11. koop

    koop Formula Junior

    Apr 30, 2011
    811
    ferrari changed the programming for the gearbox in 2012+ coupes (more aggressive shifts in race mode). The hardware stayed the same.
     
  12. JazzyO

    JazzyO F1 World Champ

    Jan 14, 2007
    12,156
    The Netherlands
    Full Name:
    Onno
    2 hours of labour a year. And you think that is worth extra dosh? I have the "free maintenance" but it is a red herring. Sounds great until you actually look at what they offer for that.

    I am not aware of any particular issues with any model years. They did change the software for the gearbox so from MY2012 it has a bit more of a 'kick' (too many complaints from Scuderia owners that liked that), like koop mentioned. And they fixed the glue issue that cause a fire on a couple of very early production cars. Not much else.


    Onno
     
  13. galt

    galt Formula 3
    Owner

    Jun 19, 2005
    1,141
    With all due respect--that would be unprecedented. I highly doubt a several year old used 488 will be over MSRP. Several year old 16Ms just finally got above MSRP and they made only 499 of them (same for the CS/Scud although obviously higher numbers).

    More likely--you will see similar depreciation as the 458, or 430, or 360 that came before.

    What is your reasoning for thinking the 488 will be different? Are you predicting people will love the turbo that much?
     
  14. dlopez001

    dlopez001 Formula Junior

    Sep 25, 2007
    908
    CA
    Full Name:
    DL
    I heard that while this 'improved' shifts in Race mode, it also significantly reduced the burbles & pops during downshifts. This is the reason I've NOT had them do the campaign/upgrade to my 2011. The current sound during downshifts is amazing!!!

    FWIW, when I was purchasing, I asked a similar question and no one said to avoid 2011s.


     
  15. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    When the 360, 430 and 458 first came out, the used ones brought over MSRP for a year or 2 after first being introduced. At my dealer a walk in customer for a 488 is 3 years out. I paid 20k over for my 2011 458. 4 years old it only deprecated 20 percent.

    My point is waiting for a 488 to depreciate much will be a long game. YMMV
     
  16. RobertM

    RobertM Formula 3

    Apr 17, 2005
    2,443
    Weston, Florida
    Full Name:
    Robert M
    I think the early 2010 cars had DCT ISSUES
     
  17. RCorsa

    RCorsa Formula 3
    Owner Rossa Subscribed

    Apr 5, 2014
    2,087
    West Coast
    Which country are you in? Jim is correct. In the USA every new model v8 fetches over MSRP for at least 2-3 years. You don't see depreciation until end of year 3 and certainly year 4-5. Happened for the 430 in 2005/06/07 and the 458 in 2010/11/12. This will be true (pending some eccnomic collapse) for the 488 in 2016/2017 and 2018. It's all about supply and demand. The USA is much slower in delivery than the rest of the world.
     
  18. m3995

    m3995 Karting

    Aug 26, 2006
    67
    Chicago
    Full Name:
    Mike
    RCorsa, so your opinion based it seems on past experience that's it better to buy new when possible, it lowers the loss as depreciation is lower in the 1st years of a models existance?
     
  19. fredhassen

    fredhassen Formula Junior

    Apr 18, 2015
    709
    Las Vegas, Nevada
    Full Name:
    Fred Hassen

    I have a 2013 so don't have comparison, but permanently opening my valves certainly made a huge difference in the sound of the downshifts.

    I have never had the privilege of driving in an earlier version but hopefully someday.

    I would agree though that was a slight disappointment before I opened the valves especially coming from a 430.
    It's a lot better now though.


    Car:

    2013 Ferrari 458 Spider- Daily Driver
     
  20. fredhassen

    fredhassen Formula Junior

    Apr 18, 2015
    709
    Las Vegas, Nevada
    Full Name:
    Fred Hassen
    I meant to add at lower speeds I was referring to.

    The car was fine at higher speeds but I want it all to my liking. :)


    Car:

    2013 Ferrari 458 Spider- Daily Driver
     
  21. lamarmotte

    lamarmotte Karting

    Feb 5, 2014
    194
    France
    #21 lamarmotte, Nov 8, 2015
    Last edited: Nov 8, 2015
    I think this time is the best moment to buy a 458 italia or spider

    In few monthes the keen interest for the 488 will be over and we will realize that the 458 is the best Ferrari ever built

    Last Pininfarina, last visceral NA engine and great reliability, last harsh upshifts

    458 value will raise
     
  22. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    458 is a great car. With exception of the Special A the 458 isn't going to rise in value.
    They made thousands.
     
    asg13 likes this.
  23. galt

    galt Formula 3
    Owner

    Jun 19, 2005
    1,141
    #23 galt, Nov 8, 2015
    Last edited: Nov 8, 2015
    Several does not mean two or three in most English speaking countries (that would be a couple or a few) .

    Looks like you agree with me except for you "several" means a "couple" .

    Has nothing to do with "what country I live in". Although I have a close familiarity with cars in the UK and the US. Maybe in your country "several" usually means 2?

    If you or who I responded to thinks the 488 will trade above MSRP in 6 years in the US I am happy to take a friendly wager. Frankly I doubt it will be above MSRP after three years but there is a small chance.
     
  24. RCorsa

    RCorsa Formula 3
    Owner Rossa Subscribed

    Apr 5, 2014
    2,087
    West Coast
    You are silly. Probably a teanager in your parents basement. Not a real owner. Go away little boy.
     
  25. galt

    galt Formula 3
    Owner

    Jun 19, 2005
    1,141
    #25 galt, Nov 8, 2015
    Last edited: Nov 8, 2015
    Wow.. Mature (and classy) response. The personal insult is a nice touch. Really does speak for you.

    Would you like to make a wager on that too? Let's see if you will put your money where your mouth is.... Pretty easy, unfortunately painfully easy, to confirm I am not a "teenager" and Ferrari ownership proof is easy as well.

    Although weather or not someone owns a Ferrari or their country of residency seems to have little to do with whether what you wrote makes sense or not.

    I am sorry the word "several" does not mean what you wish it to mean. But I guess even a "teenager" or "little boy", as you claim I am, would know that..


    Sent from my SM-N910F using Tapatalk by a little teenage boy in his parent's basement.
     

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