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 itWith 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 - it’s sad they are so mileage linked. I must admit it did drain my enjoyment of itIndeed, £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!)
I don't understand the price reference of £2.5k-3k, can you expand please?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?
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.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.
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.