GT 4.7 MC below 30k...

[shinds71]

low mileage example so should be all good???is the price reasonable to expect??

 

[Lavazza]

Regular use combined with good maintenance is best for a car, but everyone wants low mileage cars.

 

[Alexpie]

Piston heads one looks good and low mileage, but it is a 2008 so there is potential for the variator issues. Advert doesn’t state that it’s been sorted.

 

[iainw]

With a ticket of £150k+ - which is clearly not in the realm of possibility for “everyone” - I assume that snotty comment was aimed at telling people how bullet proof the 458 were depreciation wise?

On the same token, a Porsche GT at £650k is also a great and safe one to park your cash in.... not sure why everybody doesn’t buy one lol

That’s a good point- accepted. Wasn’t meant to be snotty at all. I just get a bit frustrated with people who buy new range rovers and BMWs etc dating I am mad getting a Ferrari when they are Losing more money and in negative equity etc. Not on here I might add- very sensible audience who I have learned a lot from. I know I should have just bought a stradale and been done with it

 

[iainw]

Indeed, £150k is not £60k. Especially if you don't do finance.
I do appreciate the point about residuals though, but not sure how well that stands up as miles stack up (I'd want to drive it!)

That’s a good point - it’s sad they are so mileage linked. I must admit it did drain my enjoyment of it

 

[Lavazza]

I'd be quite happy to buy a higher mileage Ferrari. I think they can take it very well these days. I'd go for a 458 or FF at around £100k and enjoy it.
Equally, I'd enjoy a McLaren. But there's something special about Ferrari, and I've never owned one.
Interesting how the McLaren community seem to do more miles though.

 

[Contigo]

Unless it's a real marque now which the Fanboys swoon over (special editions and general F cars) then the market has fallen on its ****. We are finding it harder to sell cars even at the £2.5k-£3k mark these days...

 

[Lavazza]

Unless it's a real marque now which the Fanboys swoon over (special editions and general F cars) then the market has fallen on its ****. We are finding it harder to sell cars even at the £2.5k-£3k mark these days...

I don't understand the price reference of £2.5k-3k, can you expand please?

 

[Contigo]

I don't understand the price reference of £2.5k-3k, can you expand please?

Just in general the used car market is hard work, people are wanting bargains, they don't have 2-3k in cash to spend and if they do they would rather put it in for a lease on a brand new car rather than have a 10 year old one. It ties in with the comments about people these days not caring about the older cars unless they are F cars and young people just not seeing the joy in older cars... I think there will come a time where the current millenials who couldn't car less about cars let alone anything else unless is has a selfie stick, streak, snapchat mode or instant gratification button will simply rent cars or co-share them with friends and just see them as literally a way of moving from A to B. All we seem to have success selling are £1500 BMW 1 series and all the other bits we "think" will sell take an age..... I dunno just thinking out loud and sharing my thoughts on the current climate.

 

[rivarama]

That’s a good point- accepted. Wasn’t meant to be snotty at all. I just get a bit frustrated with people who buy new range rovers and BMWs etc dating I am mad getting a Ferrari when they are Losing more money and in negative equity etc. Not on here I might add- very sensible audience who I have learned a lot from. I know I should have just bought a stradale and been done with it

I so agree w you on the above. It pains to see new RRs parked in front of shady semi detached bungalows... all I can think of is the £30-40k of depreciation that’s hitting those people who can least afford it.
Most people don’t account for depreciation in their cost of ownership; which for most new cars is the biggest component.
5-7y/o Ferrari are indeed depreciation proof (virtually) and the modern era Ferrari’s aren’t actually as expensive to run anymore.

 

[empzb]

I so agree w you on the above. It pains to see new RRs parked in front of shady semi detached bungalows... all I can think of is the £30-40k of depreciation that’s hitting those people who can least afford it.
Most people don’t account for depreciation in their cost of ownership; which for most new cars is the biggest component.
5-7y/o Ferrari are indeed depreciation proof (virtually) and the modern era Ferrari’s aren’t actually as expensive to run anymore.

Its most likely drug money and they don't care. Certainly the case for many situations like that here in Bristol. Small houses / cohabiting with nice cars out front.

 

[GeoffCapes]

Just in general the used car market is hard work, people are wanting bargains, they don't have 2-3k in cash to spend and if they do they would rather put it in for a lease on a brand new car rather than have a 10 year old one. It ties in with the comments about people these days not caring about the older cars unless they are F cars and young people just not seeing the joy in older cars... I think there will come a time where the current millenials who couldn't car less about cars let alone anything else unless is has a selfie stick, streak, snapchat mode or instant gratification button will simply rent cars or co-share them with friends and just see them as literally a way of moving from A to B. All we seem to have success selling are £1500 BMW 1 series and all the other bits we "think" will sell take an age..... I dunno just thinking out loud and sharing my thoughts on the current climate.

Think you are spot on Phil.

My 17 year old son, how has just started having lessons wants a brand new Corsa Griffin, and asked how old he needs to be to get finance!
I gave him a list of decent cars for his first car, but all I got back was "ugly", "boxy" "it's a Seat" etc etc etc.

God knows what he would have thought of my 1980 Mk1 Fiesta. I thought it was the mutts nuts!

Kids these days just want brand new or something "lit" whatever that is?