I'm tempted to buy a 2014 458 Certified with 40K miles. What should I know | FerrariChat
Buy

I'm tempted to buy a 2014 458 Certified with 40K miles. What should I know

Discussion in '458 Italia/488/F8' started by lencap, Dec 10, 2023.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. lencap

    lencap Formula Junior

    Nov 20, 2003
    299
    Raleigh, NC
    #1 lencap, Dec 10, 2023
    Last edited: Dec 10, 2023
    Greetings!

    It's been many years since I sold my 360 manual Spider, sadly just before the prices went sky high.

    My dream car is the 458 coupe - last of the non-turbo engines and beautiful car. I'm a senior, and have had several health issues requiring surgeries over the last 2 years. I'm now at the point where the logical part of me recognizes that sports cars make no sense, especially with arthritis and my other issues. Despite that the idea of buying a single owner certified 458 from a high quality Ferrari dealer is very tempting.

    Since I've been out of the market for quite a while I'd appreciate your thoughts about current/future pricing. I've seen them over $250K during the surge, but they seem to be coming down. I'm not interested in a collector car, or a garage queen, I'm looking for something I can drive and enjoy at a reasonable cost. I know depreciation is hard to predict, but if my downside is $30K or so for the next 2-3 years I can live with that easily.

    Even though the car is Ferrari Certified, I'm not sure what that means. The ad states the car passed the 101 point Ferrari inspection, and is in proper working order. It's eligible for the 24 month power train warranty, but that's not included in the selling price. The dealer is 1500 miles from where I live, and I don't know if the warranty benefits extend to other dealerships, if I decide to purchase it.

    Any thoughts are welcome. The car is a 2014 Coupe, Red/Black, 40K miles, accident to right rear reported to CarFax in 2017.

    Full specs from the listing are:

    - Rosso Corsa Exterior
    - Nero Interior
    - Nero Carpets
    - Yellow Brake Calipers
    - Carbon Fiber Central Bridge
    - Carbon Fiber Dashboard Inserts
    - Rosso Horse Stitched on Headrest
    - Carbon Fiber Steering Wheel + LED's
    - Scuderia Ferrari Shields
    - Full Optional Mirrors/Homelink
    - Front & Rear Parking Sensors
    - Chrome Painted Wheels
    - Yellow Rev Counter
    - Full Electric Seats
    - Rosso Colored Stitching
     
  2. OSUferrari

    OSUferrari Formula Junior

    Dec 13, 2015
    631
    Denver CO
    Full Name:
    John
    #2 OSUferrari, Dec 10, 2023
    How much are they asking ?

    I would get 24 Power train warranty for sure. You should be able to negotiate that for 5k - tops. (I have gotten it added for free on 2 Ferraris but not sure what the market is like right now). Gives you 2 years of not having to worry about anything major.
     
  3. lencap

    lencap Formula Junior

    Nov 20, 2003
    299
    Raleigh, NC
    #3 lencap, Dec 10, 2023
    Asking $190k
     
  4. AD211

    AD211 Formula 3
    Owner Rossa Subscribed Silver Subscribed

    Aug 19, 2017
    1,201
    South Carolina
    Full Name:
    Andy
    #4 AD211, Dec 10, 2023
    I would look at others without a story attached (accident). I assume you’re looking at the one from Continental. A quick search just on Autotrader shows 11 for sale with no accidents. 3-4 in the $190’s with 24k to 33k miles. If your heart was set on the one with the accident and ‘high miles’ I’d think you would be at least 10% below ‘market’ of the others, so more like $180k but I’m certainly no expert. :)


    Sent from my iPhone using FerrariChat
     
    OSUferrari and timjen88 like this.
  5. lencap

    lencap Formula Junior

    Nov 20, 2003
    299
    Raleigh, NC
    #5 lencap, Dec 10, 2023
    Thanks for the help. I appreciate it. I agree, as someone told me before I bought the 360: "The most expensive car you can buy is a cheap Ferrari".

    And, yes, the car I was considering is at Continental.
     
  6. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,044
    Full Name:
    Todd
    #6 todd cloud, Dec 10, 2023
    Pass. You can do better.
     
  7. 3POINT8

    3POINT8 F1 Veteran
    Rossa Subscribed Silver Subscribed

    Jan 23, 2014
    5,158
    #7 3POINT8, Dec 11, 2023
    Price is a tad high keep looking


    Sent from my iPhone using FerrariChat
     
  8. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,618
    South East
    Full Name:
    Jimmie
    #8 greyboxer, Dec 11, 2023
    That goes the minute you drive off the forecourt
     
    9650max likes this.
  9. luvair

    luvair Formula 3
    Owner Rossa Subscribed

    Jun 4, 2005
    1,582
    #9 luvair, Dec 11, 2023
    I would pass. With that mileage, not knowing the dealer, and accident history, it probably be difficult to resell in years ahead.
     
  10. todd cloud

    todd cloud Formula 3

    Jun 21, 2019
    1,044
    Full Name:
    Todd
    #10 todd cloud, Dec 11, 2023
    Ferraris sell themselves. If you need convincing to buy a particular Ferrari, move on. When the right car presents itself, your first instinct will be to write a check, not ask for advice on a car forum.
     
    Pastaboy1980 and luvair like this.
  11. Eric C

    Eric C F1 World Champ

    Mar 20, 2009
    10,947
    St. Louis, MO
    Full Name:
    Eric
    #11 Eric C, Dec 11, 2023
    **** it. Do you like it? Buy it. Who cares what some people you don't know think.
     
  12. 05F430F1

    05F430F1 F1 Rookie
    BANNED

    Oct 22, 2005
    3,600
    Fort Lauderdale, Florida
    Full Name:
    Todd
    #12 05F430F1, Dec 11, 2023
    Sh*t, I’ve been living entirely based on what you say.


    Sent from my iPhone using FerrariChat
     
    RoadRonin, Ivan Drago and AD211 like this.
  13. kestrou

    kestrou Formula 3
    Rossa Subscribed

    Jan 22, 2023
    1,415
    Danville, IL
    Full Name:
    Kevin E. Stroud
    #13 kestrou, Dec 11, 2023
    Since you're looking at a DRIVER - how *about* the one from Continental?

    You've got leverage to get a better deal - so see how low they'll go because, at the right price, it would be a good deal - right? :)

    Kevin

    PS - I know the gang at Continental - good crew and I can recommend a sales guy if you don't have one already.
     
    Regular Guy 01 and Ivan Drago like this.
  14. Ivan Drago

    Ivan Drago Formula 3

    Jul 14, 2021
    1,192
    Midwest
    Full Name:
    Ivan Drago
    #14 Ivan Drago, Dec 11, 2023
    @kestrou Makes the exact points that were in my mind. You said yourself you are not looking at a garage queen, and looking for something to drive. If the car has the specs you want and is in a color you like, you certainly seem to have some leverage here which is already a low price for a 2014.

    Yeah, it's been in an accident. It's been repaired. Get the warranty and get to driving while your arthritis still allows. Who cares that it won't win at Cavallino?
     
    Demigod555 and kestrou like this.
  15. FerrariCognoscenti

    FerrariCognoscenti Formula 3

    Jan 19, 2021
    2,429
    East Coast
    #15 FerrariCognoscenti, Dec 11, 2023
    $190k for a 458 with an accident is a total rip off! Keep looking for another one.

    In 2021 I paid $159k for my red 458 with 17k miles CPO from Ferrari Central New Jersey and no accident history!


    Sent from my iPhone using Tapatalk
     
    ryalex likes this.
  16. Ivan Drago

    Ivan Drago Formula 3

    Jul 14, 2021
    1,192
    Midwest
    Full Name:
    Ivan Drago
    #16 Ivan Drago, Dec 11, 2023
    It's almost 2024, have you seen the comps since you bought?
     
    Shark01 and 05F430F1 like this.
  17. Tarek307

    Tarek307 Formula 3
    Silver Subscribed

    Sep 26, 2018
    1,346
    Long Beach, CA & Alexandria,Egypt.
    Full Name:
    Tarek Salah
    #17 Tarek307, Dec 11, 2023
    this is 2023 not 2021 you can't get a 17K mile 458 for $159k anymore!

    Regarding the OP's question, 40K miles wouldn't bother me, means the car is driven and maintained, those are the best Ferraris, but the accident on the carfax will be the issue when you go to resell it...if it was $190K without the accident wouldn't be far off from what were seeing similar mileage ones sell for on BaT.
     
    05F430F1 likes this.
  18. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,348
    #18 Shark01, Dec 12, 2023
    And I bought a Ford GT for $182k in 2020….the market is a little different now

    I could probably get $190k for it now….
     
    versamil likes this.

Share This Page