Ferrari 458 and 488 values - This is what happened | Depreciation and Buying guide
Vložit
- čas přidán 28. 05. 2024
- Buying a Ferrari 458 or 488? Then this is the video to watch. In this depreciation and buying guide of the 458 and 488, I will show you how much the values changed in the last year and how much the car depreciates per 1000 miles. Moreover, I will show you how these numbers differ for the spider and the coupe. We will also have a look at the 458 speciale and 458 aperta market.
You can contact me at fourwheeltrader@gmail.com if you would like a personalized analysis.
Last year that was a lot of hype around the Ferrari 458 and many people would prefer it to the newer 488. However, the used car market changed drastically. In this video you will find out what that meant for the 458 and 488 prices.
We start with a high level overview of the mid-engine Ferrari market. This reveals that the 458 and 488 are really in a different league then the Ferrari 360 and F430. Yet, when we zoom in to the 458 and 488 market, we also see that there are some significant price differences. When we look at the price development during last year, we can see that both the 458 and 488 went up. Yet, the increase for the 458 is much more severe. Also when we split the market between the coupes and spiders, we can see that the 458s went up more than the 488s. Notwithstanding the price increase, the mileage sensitivity hardly changed.
At the end of the video we will compare the price increase in the 458 and 488 market to the price increase for some other supercars. This comparison reveals that the increase in the 458 market belongs to one of the more severe increases. The increase in the 488 market is more in line with what we saw in the F430 and 360 market.
Content:
0:00 Ferrari 458 vs 488
00:52 Current Ferrari market
02:41 Price development 458 and 488
08:19 458 Speciale and Aperta
10:42 Comparison to other cars
12:07 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision - Auta a dopravní prostředky
I've driven the 458, 488 and F8, it is the 458 I purchased with my cash and I could afford the others but the 458 is simply more fun to drive on the road, it feels alive even within the speed limits, whereas the 488/F8 feel boring at legal speeds, you have to drive very fast to get fun factor with 488 or F8 whereas 458 is always fun and always singing. 458 is the modern classic and will become more desirable.
Naturally aspirated vs turbocharged? The story I heard was that Chevy used the 458 as a benchmark for their C8 ZO6. They started with the 488, but then switched to the naturally aspirated 458.
I completely agree the 458 is way better experientially. The 488 GTB is a faster car but honestly, I will do 458 before I do a 488.
Mad respect on high quality breakdown
Been waiting for this one. Thanks for all the great research
Brilliant analysis that completely vets what I've thought was going on.
Brilliant analysis. I'm so happy I got mine before prices started surging. It's a keeper!
Simply awesome! And what makes it so scientifically outstanding is the way how you critically look at your own data. Pointing out potentially inaccurate data eg due to not enough cars in a segment is top notch. My personal favorite: the wrap-up in the end. It helps to sort the mind after an abundance of cool analysis and almost overflow. You just increased your margin in your field of work AGAIN.
Great to hear that you liked the video.
The story I heard was that Chevy used the 458 as a benchmark for their C8 ZO6. They started with the 488, but then switched to the naturally aspirated 458.
Great video, thank you
Excellent video
First time watching your videos. Great analytical approach (nerd out) to the stats. Nice to see someone put all this data together.
Thanks! Over here you can find the latest mid-engine ferrari market update: czcams.com/video/Ealr3iYdFhA/video.html
I know 458 is been going up in price I just got lucky with one it's a keeper. very good analysis good work Thanks
I loved your video thanks. I would like to see an analysis for the Porsche 986 please, the original Boxster, as prices seem to currently have reached rock bottom and will rise for similar reasons to the 458. I think it is a great car (I have a 2.7 2003 model). I have subscribed.
Very nice vid
Can you please do the analysis on EU market for these cars? Also what is the control for advertised price versus paid price?
Would you be able to do an update to this video ?
458 is the best and the winner always. Thank you for the perfect video
Great analysis as always. Is it worth revisiting the market for manual vs F1 360s and 430s? Both gated cars have been on a tear..
Yes please
I've always wondered - so I'm asking. Are Ferrari prices subject to normal "market forces" or is it set either in Marenello or the USA. I find here in South Africa the local prices is pretty much the dollar x the Exchange rate. And I've calculated that the price of a Ferrari always keeps up with our inflation. Is this the same in the US/UK market ?
I sold my 2010 w 37k miles 458 italia begining of march for $143..big darn mistake...now i want another one and realize i'll have to pay $200K + for one
How about ferrari 456 GT future? Will it be an appreciating classic?
99 Chevy prism. 237k. I want to know if I should have held on or I made the right decision in junking it
Would you still say the 360 and F430 are good investments? Can I expect to gain value
Have you seen value differences in the last six months now that the F8 has been in the market a little longer? LOVE your channel and of course am a subscriber
This is the latest video on the mid-engine Ferrari market: czcams.com/video/KuPeUvAw_m4/video.html
Thank you very much
Cuestión about it 2014 ferrari 458 spider with 22600 miles is to much ? They asked price is $215k
to go for 458 my final criteria was the “engine sound/ last aspirated “ I think the 488 is technically the better car even the higher performance could not convince me
I am also owner of a 355GTS F1 ( only 529 was build )low millage ( Fiorano Package / Carbon seats ) very rar combination
Shame you did NOT mention the 355 , any chance you can make a 348 to 430 analysis .. actually curios about 355 Situation in regards to your analysis charts
Hi, it will be interessant to see now in the EUROPE market 2022 how 458 and 488 increased :-)
I currently own a 458 Spider, and am considering the optimum time to sell. With your insight, is it possible to predict when the market will level off or begin declining again, based on previous models and their resale historical values over time.
A more recent video on the 458 market shows that the price increase is decreasing slightly: czcams.com/video/Ealr3iYdFhA/video.html
It's tricky to predict what will happen.
Porsche 987.2 Boxster Spyder and Cayman R, these seem to be shooting up crazy fast, particular with manual transmission, have you done research on these special models?
I don't have anything yet for those models but they are in the pipeline.
488 GTB is so underrated. Own one and you'll understand. All Ferraris will appreciate after electrification take over.
Can u do 812? Is it worth buying over the f12?
Personally 812 GTS will be valuable as Ferrari hardly ever release an open top V12 for the public. However I personally think if you are talking about worth purchasing then yes 812SF is value for money since it is still a V12 NA and most probably will be the last NA V12 produced by Ferrari which makes it a lot special. :)
Do you think the 458 will ever come down again?
In my (worthless lol) opinion, it would have to he a pretty severe macroeconomic situation. As mfgr's continue to head towards batteries, the collectible performance cars will just continue to be more sought after. A bonus is that the 458 is more desirable than the 360, 430, and 488 - so it's going to be even harder for it to come down. Just like Porshe 997 will prove the more desirable gen than the 996 or 991 imo, so it's a safe bet (say a 997 Turbo or GT3). The other thing is that the 458 is the "last ever" at something. This is the last naturally aspirated Ferarri sports car, like the 993 was the last air cooled Porsche, the 997 was the last "sports car" 911 (steering etc.), and various car models were the last of their kind to have a manual transmission, etc.
So I like cars that have multiple things going for them long term (internal combustion, marquee brands, are good cars - got rave reviews when new, and are more desirable than models just before and/or after, and various other bonuses) - the 458 has almost every box checked. Well, at least that's how I see it 😁.
I have a 458 Spider which is pretty basic spec. I have the Diamond forged Speciale Aperta rims slapped on, but other than that pretty basic. I really don’t t need the money at this time, but I hardly drive the car. I drove 500 miles last year. Total milage is 11000. Would I be better off selling it? I don’t mind keeping it if the value stays the same or increases. Whats your take on my situation?
Don’t let it be a garage queen. Sell while the market is favoured for you.
@@adamellistutorials Thanks for the feedback buddy. Much appreciated. What's a garage queen? I'm a dude. Does that make me a garage king? Like I said. Happy to keep it unless it drops noticably. If it drops I'd rather buy something else. Hopefully I'll be in town and able to drive more frequently now with the vaccine being in place. Is your prediction a drop in value?
@@mobteknik what year is the car?
How much would you want for it?
@@abdulfargool4112 hi Buddy. It's a 2012. I'm actually wanting to keep it. My only issue is that I don't want to have it depreciate too much over, let's say, 3 years.
@@mobteknik I have a 2015 and have been watching this market closely for the past few years. You have a car that should depreciate less (or possibly not at all) than just about any other standard production car (not counting limited production cars like the Speciale or Pista.) If you're enjoying it, keep it. Just about anything else you might replace it with will likely depreciate more.
I suppose considering inflation, we could lower the "increase" that much more.
Surprised the Speciales didnt rise with the same enthusiasm as the base.
oh well... buy cars to drive... not for investments...
*Which car would you like to see analysed next?*
the BMW M3 e92 especially competition package or the Aston Martin DBS 2008-2012.
Mercedes Benz E500/500E; interesting collaboration regarding Porsche and Mercedes Benz.
2004 challenge stradale
Huracan?
Porsche 993
McLaren 765LT pls :-)
Come on; Ferrari V12 values 🤞🏾🤞🏾🤞🏾
2020 Mclaren 720s Spider
Check out this video: czcams.com/video/bUwaCS7YsrA/video.html
The 488 is a evolved version of the 458 to me there's no comparison
La 488 est une bien meilleure voiture que la 458 bourré de défauts
In the last year both have lost value.. 488 even more.
Over here you can find a market update: czcams.com/video/Ealr3iYdFhA/video.html
@@fourwheeltrader THX, i see that prices in the US are higher than here in Europe.
675LT......supposedly going to be a classic.