Hello everyone. looking at a 2020 Portofino in Rosso Portofino on Nero. been the dealer demo at Ferrari SLC for last 9 months. Sticker: ~$263k. I'm looking at $230k buy price. ~300 miles, CPO, but never titled (since dealer has owned it). so its somewhere between new and used. Carfax calls it new 9 months on warranty have passed, 2yrs 3 months remaining. My questions are: Are dealer demos to be avoided? any downsides? Is the 7 year maintenance / CPO actually worth anything Do i need to get PPI if it's dealer owned CPO What else should I push for in negotiations - extended warranty etc what else should i be considering... are any blinders I have on that I should be aware of.
Try to get them to extend the original factory warranty the extra two years. The price to do so is about $6500 retail, their cost would be less. That would be a nice deal, I think, if you like the color and the options. I would not be concerned about anything else as the car is still under the new car warranty. The only thing I would be concerned over is whether or not it got beat up on a little on the test drives -- i.e., not broken in gently -- but it's only 300 miles. Inspect it for chips, see if they will work with you on getting the paint protected if that's your thing.
I’ll get trashed for this comment, but you asked so here it goes. If memory serves me correctly, Rosso Portofino is a $25k option which means, at a $263k sticker, the car is a lightly optioned car. I’m a fan of Rosso Portofino, but not at $25k. I’m not a fan of Rosso Portofino with Nero interior. And I would never, ever buy a dealer demo. There are too many inconsiderate people out there who take cars for a test drive and beat the snot out of it. My advice is spend the extra money and order a new Portofino M. You’ll be so much happier.
Given the delta on new & improved Porto M and used Porto, I would tend to agree with the above. Wouldn't it be odd to have a low option demo? I thought those were usually pretty plussed up. @figment - I would ask SLC to shoot a pic of the plate in the trunk that lists the options. T
As someone who keeps cars for many years and who believes in a careful engine break-in as well as thoroughly warming up a car before driving it briskly,I would be very hesitant to buy a demo for the reason Vic mentioned. If I did buy,it would be with a big discount.
There are 72 Portos for sale on cars.com, including 10 within a grand of the asking price of the car you showed. Porto M coming out, you would think would put downward pressure on gen 1 Portofino prices. F-chat dogma suggests that convertible prices soften during winter. I think it's a buyers market. Contravening that, everyone seems to indicate that high-end car sales are very strong. Unless you're super specific on a spec, I say enjoy the hunt, test drive a few, and then pounce when the deal is good...T
The big option missing is carbon fiber driver zone. Gives you the led’s on the steering wheel. Can be a deal breaker for future potential buyers. I have on my GTS and my wife has on her porto...I don’t have on my Roma. So there are folks that will go both ways but something to consider. I wouldn’t buy a v12 without but I think it works for the Roma...like having on the portofino.
I think you need a bigger discount to take a demo car. 30K is just not enough. The market price for PF is about to drop further while new PFM come out. The more you wait ........the more you will save .....the steep depreciation curve is about to hit PF My .02 cents of advice .....keep looking .........
A dealer demo car would not scare me, particularly with only 300 miles. In fact it might be a bargain and certainly quicker than ordering one. Rosso Portofino is an expensive option but worth next to zero in resale. It is beautiful though. It might be a bit tough to color match in an accident. The 7 year maintenance is "worth it" but comes with some restrictions. Only the dealer can do the service and if you are far away from one, that means transporting the car. And it has to be done in a "window" of opportunity. If you don't then it becomes void. That window may be 2 months from the scheduled date. If you go beyond this, Ferrari will stop it. Servicing the car yearly is about $1500 or so. Ask your dealer for more information if you have any questions. Bottom line is you can't have the car sit around a few years and then think its still under the 7 year maintenance warranty for you or the guy you sell the car to. I would ask for an extended warranty. They sell extended warranties so giving another year up shouldn't be a deal breaker for them if they want to sell the car. I would almost guarantee the dealer will not let you take it somewhere else for an inspection. But the CPO and warranty covers you. The CPO would have to list any accident repair or something like that. Given that its only been driven with a salesman present its unlikely its been abused to any extent to worry about.
300 miles is surely too low for a dealer demo car in nine months - maybe it was the showroom car or something - as noted above most driver demo cars are heavily optioned not the opposite - could this be a cancelled order or similar ?
No I think the mileage sounds about right. They aren't going to let just anyone drive it. They have to believe they are a serious buyer. Let's say the car came with 50 miles and each demo takes 10 miles. That's 25 demo's in 9 months. or 3 per month. Seems reasonable to me. They may have gotten it in a backed out deal or immediate trade back though.
You're getting a used car from last year and paying 90% of the MSRP where there is already a newer version of the same car. Does not make sense at all.
From my past experience, the special colors for resale is near zero value. Unless someone really wants that color, then it’s different. But that percents is very small for resale. Unless a Porsche where there are tons production cars and many more buyers.
Portofino is a beautiful car! Interesting to hear the comments from those more experienced than I re the mileage clocked up by the test drives.
By what you love. These cars are not bottles of fine wine. Every Ferrari and for that matter every car I have owned, I drive it like I stole it. As far as price, go with the market. Don't settle on color, get what you want. Image Unavailable, Please Login
Dealer demos can be great cars, it depends on the dealer. More often than not, dealers try to not have clients beat on them, whereas owner cars you don't know about. Trust me, my cars are not babied, and a dealer demo would be in better shape than my cars. I take care of them well, but I drive them, hard. Sent from my SM-G930F using FerrariChat.com mobile app
I couldn't agree more. It's a sports car. Accelerating and cornering briskly is why they exist. It's the opposite of beating on them. And this ain't the 70's where break-in made a huge difference and oils needed to be changed at 500 miles due to metal shavings. Demo drives usually have the sales guy in there with you. Do you guys really trash cars on test drives? I can't imagine doing that. I love buying demo cars, as they are usually very well taken care of. I have purchased 2 demo sports cars and they have turned out to be some of my best, including my Porto. Actually the urban legend of dealer demos being somehow inferior might be why they are often such a good deal. Nevermind, dealer demos suck! Avoid at all costs!
Chances of finding a trashed Cali T or Portofino is very difficult. if the car doesn't have any accident history, it is most likely very good to go. For me location & environmental factors matter more. e.g I'd not buy a used Ferrari originating from Dubai.
I agree, the CF wheel with LEDs was a must have for me on my Cali T, along with Magneride, upgraded wheels and power seats. The other carbon fiber bits can be added easily and cheaply, but not the wheel. I think it makes the cockpit. Used Portos are now dipping into the $180s and there are now nearly as many for sale as Cali Ts. Buy this one if you are in love with the color and cannot wait, there is really not a bad choice here.