Ferrari and every other top like brand in every industry. Guess one should ha Individuals who sell outside dealers need a cash buyer and likely burnt Ferrari relationship so who knows about their spec / sf90. Not exactly the best method to buy / sell a high end Ferrari. Interest rates drop / market comes back - 900k to 670k or 700k to 530k ... BaT auction where SF90 Ferrari's don't do well - showed differently.
what do y'all think about buying a spider with 6,000 miles? obviously these aren't investments but I'm not sure how to value those miles.
Are you going to drive it or just let it sit with those 6k miles? Assuming you put 4k miles on it that would be 10k. Look at what that does to values of other models and that may help.
For some strange reason, in Ferrari world, 10k appears to kill the values more so than other brands. I would imagine an SF90 would require a huge discount to move with that many miles when you are done with it.
In fairness, $900k today is less than $550k in 2003 dollars using the conservative CPI inflation numbers. or conversely, the $900k in 2003 is the equivilant of ~ $1.64M today with inflation Actual inflation in the past 10-12 years has been a thing to behold.
Never seen someone with miles on their Ferrari upset - in fact just the opposite. F and other exotic owners can not afford their car mentally and the dealer loves low mileage. Ferrari's are better mechanical driven vs sitting especially hybrids. Down the road miles may be a plus
I agree but the Ferrari market does not like cars with miles. Never understood the mentality of buying a car just to sit and not be driven, in the hopes of maximizing resale. I go into every purchase with the thought that I’m going to lose money so I might as well enjoy it and if I don’t lose as much, that’s a bonus!
It’s stupid but 10k miles is seen as high mileage I personally couldn’t care less and buy on condition
Yup, I have a GTC4 Lusso, bought it two years ago with ~9.5k miles, have close to ~15k miles on it now. I work from home, but I drive the car everyday to run errands in/do whatever. Its very lowkey so most people don't even notice it, and the ones that do, love seeing it out around town all the time.
Only Ferrari with over 10k is 16M - Ferrari keeps the customer buying new version / makes it near impossible to stop if you want to keep your spot IMO best drivers cars have been built - dying for SF90 spider and XX maybe next 812. Dealers demand customers sell back - so newer not limited ones are not really driven or appreciated by their owners for the most part. The oldies are the most fun or long term ownership there is nothing like long term ownership in any car. I don't want more speed torque after XX - but I also don't want under 7500hp
We’ll see how this one finishes out shortly. I don’t love the spec. No exterior carbon except the spoiler, and a matte black roof that looks a little out of place. Still manages to have a $662,417 MSRP with a huge assist coming from the expensive carbon wheels. https://bringatrailer.com/listing/2022-ferrari-sf90-stradale-11/?utm_source=dm&utm_medium=email&utm_campaign=2024-01-21 Image Unavailable, Please Login
It was actually a pretty light spec. The AF package and carbon wheels totally distorted the MSRP. No exterior carbon and just a couple bits on the interior.
318-Mile 2022 Ferrari SF90 Stradale for sale on BaT Auctions - ending January 30 (Lot #134,940) | Bring a Trailer This is going to be interesting. Would require a buyer to really, really like the spec and it's a big MSRP.
A 315 mile SF90 didn't bid over $475k at Mecum Kissimmee auction last week. No sale. https://www.mecum.com/lots/1107698/2021-ferrari-sf90-stradale/?aa_id=532295-0
Porsche second hand buyers don’t mind miles, McLaren buyers don’t, Ferrari second hand buyers really care. I’d GLADLY buy a used Ferrari with 15-20k miles.
I mean, 475k isn't a bad price? Really lightly optioned and it's probably close to 3 years old at this point. Guesses on sticker, probably 550-575k? And then you have the buyer's premium that someone would have to pay above that 475k bid. Seems like the wrong venue for that car, but also I don't know what the seller was expecting to get. Stuff is depreciating again, just like it always did prior to covid. There are at least 127 SF90's for sale right now, per cargurus. And nothing is moving super quick at the moment.
Ah, just found that car for sale in Miami listed at 539k. So it would have needed to bring what at Mecum to net the same, 580k or so? I have no idea what seller premiums are like there.
Higher than you think - 6% for no reserve and 10% for reserve. So would have needed to sell for $592k !
