On a smaller scale for that tdF compared to the bigger number a LaFerrari coupe would have generated for you?
you would have made more profit money selling a LaFerrari than a tdF if you got each for list price new?
Omg yes. 1.3 for laf and sell prices of 3m. Tdf paid 600k, held 2 yrs and got 980k. Laf i wld have kept forever. Sent from my iPhone using FerrariChat.com mobile app
Not everyone prioritizes residual values above the process of building their dream spec and the resulting ownership experience. I ‘overspecced’ my Pista and wouldn’t hesitate to do it again. I’d say that most of those who opted for triple layer paint and carbon wheels, for example, are relatively experienced Ferrari owners who have open eyes to the financial consequences of their decision, and simply don’t care.
Same here with our TM Pista and 812SF. Great experiences that I pursued with my financial eyes wide open. I suspect the 2019 812 may have already lost a third of its value in less than a year. Personally, I believe Car Land would be a less interesting place if everyone pursued barebones specs to minimize future losses. I don’t blame folks for doing it, but I’d rather buy fewer cars that are more special to me. Your Fuoco Pista is one of my favorite specs to date.
Yes I believe my post accounted for those who understand and are indifferent. Its the newbies creating one offs they think theyll trade for a massive premium i was addressing. Sent from my iPhone using FerrariChat.com mobile app
There are points where big depreciations don't matter, but I think it is higher than most people think. When you have millions working for you in low single digit fixed income securities, liquid equities that can swing +/- 10%, and other equities that sometimes aren't so liquid you start valuing $200k more. It takes anywhere $2-8mm working for you to make up that $200k.
Can you give an example of the difference between a “tasteful” spec’ed car and a “vanilla”. I’m pulling the trigger on what I would consider a vanilla car but not sure. JR
In Europe, another leg down in prices during the past few months, with close to delivery miles cars now asking €800k but trading in the upper 600s. That's another 10% lower than 6 months ago.
With 812 VS on the Horizon and the probability of it being an unassisted V12 very high, the only way I see TDF prices going is down, especially once it is announced and the order books open. I expect them to be trading around msrp maybe even under around this time next year.
These cars seem to follow a same trend. Rapid raise after intro Then slow downhill but always staying at 20 to 40% more than msrp Plateau Slow raise I think are at phase 2 now.
Not sure about the plateau. The older 599GTO prices have continued to dive in the last year. The newer tdf probably has further to go, especially if there is an 812VS on the way.
The plateau is usually achieved at 15 years of age or so ..... We're nowhere near that on the cars in question.
A friend just paid over $1M for a very special TDF if that helps. Plainer ones are certainly trading for less.
Jay Kay from Jamiroquai selling his TDF for a reported £740k https://www.dailymail.co.uk/news/article-7741343/Jamiroquai-singer-Jay-Kay-puts-three-100-strong-collection-supercars-sale.html
The €590k high bid makes it approx €700k in EU after taxes, which sounds about right for a virtually no-mile car. The JK car in the UK is estimated £670-740k for a 1600 miles. That's high for a regular car, but may his celebrity earns a premium, There have been plenty of tdfs on the market there for months, so this could be the first real RHD price point for a while.
