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488 Pistas selling for less than MSRP...

Discussion in '458 Italia/488/F8' started by 09Scuderia, Mar 27, 2020.

  1. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
    12,780
    Take the 10k loss and run. Unless you cant think of better ways to burn 100 to 150k of after tax dollars!
     
  2. MANDALAY

    MANDALAY Formula 3
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    May 23, 2013
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    ANGELO
    Ive said this before but boy the Pista has brought out the colour pallets like no other car. Ive never seen so many different colour combinations. History has shown have the incorrect combination and delays and lowering in selling will happen.
     
    of2worlds likes this.
  3. Lagunae92

    Lagunae92 Formula Junior
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    Feb 16, 2018
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    So many colors work very well. It's been the ultimate blank canvas for design excitement.
     
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  4. Shadowfax

    Shadowfax F1 Rookie

    Jun 10, 2016
    2,940
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    #79 Shadowfax, Mar 29, 2020
    Last edited: Mar 29, 2020
    You won't need Pista money to buy this car. Make an offer you can afford on a take it or leave it basis - you've got nothing to lose. That car isn't likely to sell anytime soon so if you have an offer in you may well get a surprise at one point.

    Offer half price on a take it or leave it, or, a price you are comfortable with paying and leave it to the dealer to decide. In this market nothing would be selling least of all a car that presents as badly as that one. I'd agree with 09Scuderia if you have a car coming you'd be absolutely crazy not to hardball the dealer big time. It's going to be a buyers market for a very long time.

    Also agree it's fixable at a price .....respray the top of the car and paint some new stripes which go together - re upholster the seats or just buy some new ones which match up properly with the mainstream interior.
     
    09Scuderia likes this.
  5. AlfistaPortoghese

    AlfistaPortoghese Moderator
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    Mar 18, 2014
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    Nuno
    All this talk about the Pista... All it has done after 4 pages is making me want one.

    Kind regards,

    Nuno.
     
  6. MANDALAY

    MANDALAY Formula 3
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    Certainly if your a potential F8 buyer wanting and liking alcantara and carbon fibre.
     
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  7. Shadowfax

    Shadowfax F1 Rookie

    Jun 10, 2016
    2,940
    Australia
    Self indulgent specs like that always have a high price to pay on exit. A smart seller would take the early offer along with the lesson and just put the money back to work. That car is only going to become worth less and less as time progresses. At one point someone is going to have to pay to fix that car up......no other way around it.
     
  8. BlueFerrari458

    BlueFerrari458 Karting

    Feb 24, 2018
    59
    Not a surprise the F8 is a simple evolution not a revolutionary new car the way was expected it is in many ways the same as the Pista and we know the Pista is not limited.... there are a lot of them and despite the production shutdown for the tragedy Italians are living through production runs are high and the market is a bit saturated


    Sent from my iPad using FerrariChat
     
  9. Hardistyfezza

    Hardistyfezza Formula Junior

    Time for a financial bath on that one.
     
  10. Il Co-Pilota

    Il Co-Pilota Formula 3
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    What an utterly hideous spec! I realize Ferrari has a rule that says no pink TM cars, but they should expand that to a few "poisonous" combos. Best thing they could do would be to get new seats and a respray making it a black on red non-stripe car. Many would go for that compared to this atrocity.
     
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  11. PTG1

    PTG1 Formula Junior

    Oct 7, 2017
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    UK
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    Pete
    It doesn't quite work that way yes you don't take the car but if it sells for less then the msrp less your deposit you pay the dealer the difference, its not a case of you walk and only exposure is deposit paid so far

    Sent from my CLT-L09 using Tapatalk
     
  12. wrs

    wrs F1 Rookie
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    Where do you get that?
     
  13. Marcel Massini

    Marcel Massini F1 World Champ
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    of2worlds and F2003-GA like this.
  14. Gh21631

    Gh21631 F1 Rookie
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    Thats not how it works in the US. Here the dealer is required to refund your deposit. You lose nothing.
     
  15. nads

    nads Formula Junior
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    Hmmmm........I don't buy that, worst case is you lose your deposit, the dealer decides to do no future business with you and you get 'marked' with Ferrari Spa.
     
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  16. wrs

    wrs F1 Rookie
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    If the dealer doesn't want to do business after that the used market is huge and you can buy from any dealer in that market.
     
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  17. Texas2step

    Texas2step Karting
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    Bola olusola
    Absolutely. The dealer is your friend only as long as they make money of your back (many times too much money) which i guess is ok since they run a business but likewise no love lost either from a buyer. Current climate is ripe for buyers to play hard ball with the dealers.
     
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  18. Carrerarsr

    Carrerarsr Karting

    Sep 29, 2014
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    Frank
    Let me just know why you all bought yourself a Pista. I bought mine to drive with it.
     
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  19. Coincid

    Coincid Formula 3

    Dec 9, 2014
    1,906
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    How about a review of your driving experience with it.
     
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  20. Carrerarsr

    Carrerarsr Karting

    Sep 29, 2014
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    Frank
    Its still cold ouside. Not driving during that period here. Will change soon.
     
  21. ScottS

    ScottS Formula 3
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    Question

    If the dealer wants to push the point and you ordered the car, but the market on YOUR car is lower due to color combos etc ( some require 20k or 50 K if it’s that’s bad I mean questionable), could they sue you for damages and the discount necessary to sell YOUR car?

    Has anyone gotten their deposit kept?


    For me, I AM COLORBLIND. But I am in awe of the spectacular PISTA combinations, the absolute minority end up like this one, disliked by many- especially TailorMade cars where they steward you through the process. Also for my education, doesn’t TM require a little larger deposit- I know the car that started the thread was a resold/reselling car.


    Scott
     
  22. IloveGT

    IloveGT Formula Junior

    Oct 17, 2015
    801
    #97 IloveGT, Mar 30, 2020
    Last edited: Mar 30, 2020
    Interesting question. I may be wrong. In California, a deposit cannot be withheld by law and must be refunded even if the agreement was signed before. Any attorney to confirm this?
     
  23. ipsedixit

    ipsedixit Formula Junior

    In theory, yes.

    But in practice, a dealership (really, no individual or entity) will really litigate and incur the costs of litigation to recuperate what essentially will amount to about 20K, max, on a gross basis, and probably less than 1k, max, on a net basis, after costs and attorney's fees.

    As another posted mentioned above, most states in the U.S. have laws that prohibit "non-refundable" deposits -- making the term essentially an oxymoron.
     
  24. Gh21631

    Gh21631 F1 Rookie
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    Same in most if not every state
     
  25. 09Scuderia

    09Scuderia Formula 3

    Nov 20, 2011
    2,130
    Austin, Texas
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    Tim&Julie
    if the car is truly new, they can't sell it for less than MSRP. They cant advertise it for 180 days. it is just an expense and a massively depreciating one. whoever buys it eventually will be the first owner. I don't think Ferrari dealers sell new inventory to other Ferrari dealers. There is probably some workaround where they can somehow make the car new, but in such a way that Ferrari is ok with them selling it for market price vs MSRP. Bill, if you want it...just wait and make them sell it to you for the true market. There is ZERO chance there will be any sort of bounce back in the economy...everything is on your side with this.

    I wouldn't for a second-ever play the Ferrari new car game again. Buy used with no miles and save a ton on everything. Even the special cars like the Pista Spider which should be selling for 250k over isn't. The Argento spider ATX has an asking price of MSRP plus taxes...not to mention the cars that guy had to buy just to get a Pista Spider spot.

    Yes, we were smart to exit the game when we did. We didn't lose much money. But, we didn't buy all those cars to make money either....not losing money was the real goal from a financial perspective. I wanted a 812 Spider...and now realize that those will be easily had used sooner vs later.

    The modern Ferraris are all amazing. The Pista is earth-shatteringly good. If we still lived on the mainland we probably would have kept it....and not given a wink about the loss $$ (well sort-a)
     
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