Could someone update me with Mannheim 458 prices.. 2011 & 2012s About to pull the trigger on a car, trying to see how my negotiating is working. One I am looking at does not have nav or camera, nor excessive carbon fiber, but still quite a bit. 2o" wheels, etc Just trying to see the range in the market.
All of these have relatively high mileage if you care about resale when it is your turn to sell the car. On the other hand if you plan to hold on to the car forever, they seem to be good prices. http://m.cars.com/m/for-sale/index.html#searchresults?stkTyp=U&mkNm=Ferrari&mkId=20014&mdNm=458Italia&mdId=40083&rd=99999&zip=75204&rn=0&rpp=10&aff=mobsite
I love your comment that they are relatively high mileage cars...I mean they are practically on their last legs for god sake....give them a salvage title! You would think that, with recent models being so reliable and able to be driven daily, guys would forget about mileage and focus on condition and care....long, over discussed topic but I needed to throw it in here...
+1 I'll be putting 10k+ per year on my 458. I could care less abut miles.... Unless it gets me a better price on buying a car.
the 2 lowest priced 458 in FML are a 2010 at Ferrari of Silicon Valley at $209 (no mileage given) and $229,995 with 16,xxx miles at Naples Motorsports also a 2010. Don't know if that helps you.
Is there a specific color you're looking for? I have a Grigio Silverstone that I'm selling. 2011 with 3,000 miles.
I think CNC has a 458 with 27k miles as well. It's good to see some miles starting to show up on these cars. I think this trend will continue as these cars are now more usable with less maitenance costs compared to the older Ferrari's.
Mileage and Ferrari's! Do you save "her" for the next guy? Do you accept the fact a higher mileage car will sell for less or does it matter? If one Ferrari had more options that you liked and a few thousand miles and the same identical car without the options had a few hundred miles, would it matter? If offered a 2010 with 35,000 miles on it, what would you pay? What about when the car is out of warranty? It does appear compared to earlier models, the 458 is reliable, although we don't know what happens at 40-50,000 miles. Although I drive my car every day I can, the thought of a Ferrari and 40,000 miles provokes (for me) a knee jerk reaction. I am so conditioned to thinking of "low mileage" and "Ferrari" in the same sentence, I need time to adust. Best
Mark my words - it will! Whether we like it or debate it or diasagree with it, lower mileage Ferraris fetch higher prices than higher mileage cars - particularly those with the original factory warranty still in effect. Now if you do not care about depreciation, the discussion is irrelevant. If you expect to purchase a higher mile car at a lower price now, expect the same when it is time for you to sell the car - it works both ways. Beleieve me, I cannot wait for the day when we see 100K mile Ferraris on the market or even 50K or 30K! We are just not there yet. Most, not all, Ferrari owners have multiple cars and rarely use their Ferrari as a daily driver putting 10-12K a year. Very rarely, IMO. If you loook at the the FML or even cars.com you will see the 100+ 458s listed for sale today and their mileage.
I totally agree with you... however, there is one thing that I think a lot of people don't consider. A guy wanting a cheap 458 can do out there and get one that has higher mileage to save money right now. Then, if they are the type of person to not put many miles on the car, they can sell the car a few years later, with presumably less miles per year, as the total number of miles divided by the years could be less than when the car was originally purchased. So, this could actually in some ways help them prevent as much of a loss in the price of the car when they go to sell it.
Yes, agreed. The other big variable of price in the used market of Ferraris from my experience is product lifecycle. I once bought a new Ferrari model during that particular model's last year of production and learned the hardway that the depreciation curve is much steeper. On the other hand, if you buy a Ferrari in its first or second year of production, you will see a shallow depreciation curve (actually a short-lived appreciation). A lot of Ferrari owners tend to swap out their cars when the next model comes out (458 Italia to Spider for example) that changes the demand-supply equilibrium of the older model. Right now, there are lots of Italias on sale because a lot of owners traded in their Italias for Spiders. The next big change will come when the 458 "Scuderia" also known as the Monte Carlo comes out.
We have now gone full circle, i.e. buy a new Ferrari, don't drive it or buy a used Ferrari, don't drive it. So, rather than buying a new car and not driving it, buy a used car and don't drive it. At this rate, we will have 50 year old Ferrari's with an average of a a couple of miles a year on the odometer. Let's pool our money, and scoop them up (lol). Best
this post made me want to search for high mileage cars and i found this 430 with 87k on it http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=89306788&listingRecNum=0&criteria=sf1Dir%3DDESC%26mkId%3D20014%26stkTyp%3DU%26rd%3D100000%26crSrtFlds%3DstkTypId-feedSegId-mkId%26zc%3D11790%26rn%3D0%26PMmt%3D1-0-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dmiles%26sf2Nm%3DmodelYear%26isDealerGrouping%3Dfalse%26rpp%3D50%26feedSegId%3D28705&aff=national&listType=1
I personally drive the snot out of my cars, so this doesn't really pertain to me. However, I know that most people put under 2500 miles per year on their F cars, so I was just playing devils advocate and trying to show 2 sides of the equation... I still get more bang for the buck on my F car depreciation than I do on my dang Range Rover. Nearly worth 50% of purchase price the minute I drove it home!
You guys just let me know when I can buy a 2010 458 coupe with less than 7,500 miles with decent options for about $200,000-$215,000. At that point I will make the move up from my 08 F430 coupe. Thanks. I would rather wait and get a example with less miles in about 8-12 months than buy one now for $210,000-$230,000 with 20,000 on the clock......These cars are going to drop soon, they already are, the market is becoming more saturated with coupes. I just hope my 08 F430 does not tank when the 458 drops...debating if I should sell my coupe now.
6-10K is high mileage? I see Ferraris still aren't getting driven... I say buy as high of mileage and as cheap as you can. It's 2013 and exotics are now very reliable and far less expensive to maintain. There is no downside to buying a higher mileage car other than the chance it could need maintenance sooner. Consider the following: It's further along the depreciation curve and you probably aren't going to increase the mileage at the same high-rate as the previous owner. You could buy a 20K miles car now and two years from now be selling a 27K miles car or 30K miles car, or whatever you put on it. Just because you got it $50K cheaper with 20K miles doesn't mean you will lose that same $50K with only 7K more miles. Imagine buying a 1K miles car for $260K and then selling it two years later with 9K miles on it. How much do you think you'd lose? Now imagine buying a $210K car with 20K miles on it and selling it two years later with 28K miles. How much do you think you'd get for it? I think you would definitely lose less on the high-mileage car simply because it was so much further along the depreciation curve. Going from new/low miles to used/mid-miles is way more significant than used/high to used/higher. Also, consider the market size. Even if depreciation were the same, which would you rather be selling, a $210K 458 or a $160K 458? It's always easier to sell cheaper cars and a bargain 458 is going to attract a lot of people. There is also opportunity cost, which while probably rather small, is not $0. An average investment on $50K upfront savings could net you maybe $7-10K over 2 years. Given how far we've come engineering-wise, I think buying used, high-mileage cars is the way to go. Ferraris have that staying power, but you never know when that could disappear and they could start to depreciate like all other exotics. The Ferrari-premium is becoming shorter and shorter. I wouldn't want to be paying more for low-miles when that day comes.
The only problem with very high mileage Ferrari is that you will have a lot of people in the used Ferrari market will not consider purchasing a high mileage Ferrari. The buyers of Ferrari are a very small group and the high mileage Ferrari buyer will be even more small group.
That's only because the used Ferrari market prices are often too high. I think I could move a $160K 458 with high-miles in no time. The market size is mainly dictated by price, not brand. There are lots of people who aren't in the used 458 market because their budget puts them in the 430/Gallardo market. I'm sure a lot of them would just at the chance for a 458 even with high miles.
I'm starting to think the same way as you William. I would love to get a 458 in the low $200's. I think these cars are going to be driven more than their predecessors because they are so much easier to drive and the mileage will start to rack up. I also think they are being made better with less worry about being "stranded on the side of the road"
Probably would for the right price.... But not even really listing it right now. Figure ill get the 458 and see what I really think. I love the scud SO much. I just wanted a f car to also use as more of a daily driver... Hoping the 458 will do that. Not sure I could live without the scud for my weekends of road terror!
Yep. I do the same for a 458 Spider. Once I agree to spend the money I get out a spreadsheet and run the 3-year ownership cost including depreciation and then ask myself what other cars I can get with my money? The answer is you can have a fleet of cars for the price of one. I'm struggling to justify.
