GranTurismo's are getting cheap!

Davidt99

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Messages
184
Autotrader have 12 GT's for sale at under £20K, one is a CAT D but it is only £13,999 with 57K miles on the clock.
 

bigbob

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Messages
8,970
These cars are getting to the stage where maintenance costs are becoming material versus values. That’s when the poor condition spiral starts for cars and they begin to deteriorate and then disappear. Life cycle I guess.
 

Lavazza

Member
Messages
1,060
It's getting a bit daft, it's like a race to the bottom.
I was thinking about selling my car in the spring, but would rather keep it than give a good car away at a silly price. Especially having invested a fair chunk on the usual maintenance stuff recently, plus a few discretionary things.

Articles like this should raise interest in the V8 cars, truly the end of an era.


Also, the relative rarity of the Granturismo is underplayed. Compared to Aston Martin's Vantage, there aren't that many about. E.g. just over 300 UK 4.7 GTS MC.
 
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Wack61

Member
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8,793
Isn't that the reason the likes of bmw and audi reduce the labour rates and parts prices to encourage owners to keep them going.

People buy classics hoping for an easy ride or if a big bill hits them then an appreciation in value might cover it.

Maserati is stuck in the middle, expensive to maintain , expensive to repair and on a downward spiral of depreciation.
 

AT3200AC

Junior Member
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73
The market isn’t great. You may lose money when you sell but you get a better deal on the one you buy.
 

Lavazza

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1,060
The market isn’t great. You may lose money when you sell but you get a better deal on the one you buy.
I was thinking that, so where is the value on things like Ferrari, Lamborghini, Aston and Porsche.

I think I have a fair idea, but welcome views...
 

empzb

Member
Messages
229
Its mad. In the summer the black nuvola one was at 27. I couldn't justify the full whack but offered a fair bit more than its going for now. No idea why it hasn't gone at that price!
 

Chrisb2015

Member
Messages
540
I was thinking that, so where is the value on things like Ferrari, Lamborghini, Aston and Porsche.

I think I have a fair idea, but welcome views...
Before Christmas a new Vantage was £1000 in (deposit) and £1000 per month over 24 months. They sold like hot cakes, but used values will be hit in the next 12 months. Ferrari is especially interesting, as an example dealers never had targets for the California. 5 per year was OK. Not so with the Portofino, hence why if you want an 812 and you aren’t a previous customer you will need to buy a Portofino to be eligible. This is to get the numbers up and achieve the volume, but this has killed the exclusivity and driven down used values across the board. £60k+ off list for a car with 300 miles isn’t unusual. A family connection works for Porsche and apparently most dealers aren’t underwriting cars for stock due to being over stocked. They are straight out to auction. I also was told first hand of a call between two competing dealers of one of the brands mentioned above where one of them phoned the other to ask why the **** the shiny red car they were advertising was so cheap. The answer.....because we could, it’s the best trade bid the customer had. The outcome? Everyone else had to follow suit....and so it begins.
 
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Lavazza

Member
Messages
1,060
Before Christmas a new Vantage was £1000 in (deposit) and £1000 per month over 24 months. They sold like hot cakes, but used values will be hit in the next 12 months. Ferrari is especially interesting, as an example dealers never had targets for the California. 5 per year was OK. Not so with the Portofino, hence why if you want an 812 and you aren’t a previous customer you will need to buy a Portofino to be eligible. This is to get the numbers up and achieve the volume, but this has killed the exclusivity and driven down used values across the board. £60k+ off list for a car with 300 miles isn’t unusual. A family connection works for Porsche and apparently most dealers aren’t underwriting cars for stock due to being over stocked. They are straight out to auction. I also was told first hand of a call between two competing dealers of one of the brands mentioned above where one of them phoned the other to ask why the **** the shiny red car they were advertising was so cheap. The answer.....because we could, it’s the best trade bid the customer had. The outcome? Everyone else had to allow suit....and so it begins.
Interesting, but maybe I should have qualified by saying that I don't use finance and I'm looking at under £100k.

Just looked up the Portofino, but they still seem expensive to me.

The sort of thing that appeals are things like:
V12 Vantage, DBS, Vanquish
Ferrari 360, 430, 550, California
Porsche GT3, GT4

That sort of thing.
 

JJbing

Member
Messages
445
I'm at the point with mine where I'm keeping it indefinitely, low mileage and as mentioned above, I've already paid various big one off (hopefully repair bills and rust proofing.

The shape just never ages, so it's a win win.

Unfortunately with the price bracket they're dropping into, these cars will gain several owners quickly who can't afford to maintain and there will end up being alot of people stung and stuck with bad cars!
 

Chrisb2015

Member
Messages
540
Interesting, but maybe I should have qualified by saying that I don't use finance and I'm looking at under £100k.

Just looked up the Portofino, but they still seem expensive to me.

The sort of thing that appeals are things like:
V12 Vantage, DBS, Vanquish
Ferrari 360, 430, 550, California
Porsche GT3, GT4

That sort of thing.
It doesn’t matter how you pay for it, the value of the models you mention are affected by the availability and values of the more modern cars in the line up. The finance element is important as it makes more modern and expensive machinery far more attainable for more people.
As a further example of the market there are a couple of Vanquish on the market where the dealers are already in the red. The market is shifting quicker than they can move them. I wouldn’t want to be trading one in at the moment.
 

rockits

Member
Messages
9,172
Much of the inflation in the high end and classic car market over many years has created a precariously balanced house of cards. Will any cards fall? A few cards......a few rows.....or a few more?
 

Silvercat

Member
Messages
1,166
It's getting a bit daft, it's like a race to the bottom.
I was thinking about selling my car in the spring, but would rather keep it than give a good car away at a silly price. Especially having invested a fair chunk on the usual maintenance stuff recently, plus a few discretionary things.

Articles like this should raise interest in the V8 cars, truly the end of an era.


Also, the relative rarity of the Granturismo is underplayed. Compared to Aston Martin's Vantage, there aren't that many about. E.g. just over 300 UK 4.7 GTS MC.
Frankly, it is a race to the bottom which having just sold my 2009 QP 4.7 S today, ..."I'm out". The market is a disaster right now and I won't be looking to re-enter it for a good few years sadly. I wish it was different.