[Neo]

I took a look through the various online car sales sites and it seems low mileage 08 GranTurismo’s are ranging from high 70’s – mid 90’s. 06 Coupes are low 30’s to mid 40’s. I have a hard time believing that in two years 08’s will be in the same price range.

Do you think GT’s will hold their value better than the coupes have?

 

[mospturbo]

I am guessing the shape of the depreciation curve won't be that different but the GT is starting from a higher price point. Also, the resale (for any car really) usually dips once the warranty period is over. For the later model years, I think the 4.2 will drop quicker than the 4.7...even though the price differential was only a few thousand when new (esp since mfg is offering those monster rebates on the 4.2). Best bet is to buy a 1-2 year old, low mileage example with a big depreciation hit already taken IMHO...

 

[xxxpres]

I feel that the GranTurismo's will hold their value better. They are very well built, so reliability and fragility is less of a consideration, they are well engineered, easy to live with, and better looking than any other exotic out there. The main reason why I feel they will hold value better though is the fact that though they started from a higher price point vs the GS, they are relatively cheap for what your getting, therefore, I doubt there needs to be much discounting to justify their value to a buyer down the road. Even if the car was initially listed at 30-40 K more new, I would still feel it was competitive all things considered.

 

[06MCVICTORY]

Honestly,
I have no idea where they will go, xxxpres has valid points along with everyone, but the other side is that the GTs are mass produced compared to the GS or 4200... If there are more of them, I would not think the would hold their value... Again, I have no idea but it's just a thought...

 

[michaeladler]

I still think the value of our exotic cars will largely depend on the ability or not of dealers being able to sell new cars at sticker or close to it and that depends entirely on our economy. If the Bush tax cuts are extended for everyone, permanently, I think you will see an uptick in new car sales next year at closer to sticker with less discounts and that in turn will enbale used car prices to firm up.

 

[Greg23]

Personally I thought that GT's would hold much more the price.

I see '08 selling around 80-85k when you can get a brand new '10 for 99k! Since the dealerships are selling new cars at these ridicolous prices... Personally i think that once the new GT will be out our cars are going to drop in the 50k...

Just my thoughts!

 

[Neo]

In another 2 years I think GT’s will be in the 50’s, I just don’t think they will drop another 40-50k. I’ll be curious to see if any reliability or unusually repairs/expenses show up. So far from what I’ve read they are fairly reliable but then I’d expect a 2 year old car with low mileage to be reliable.

 

[Infidel]

The depreciation curve of the GranTurismo will eventually resemble the depreciation curve of the Coupe or Spyder.

Modern cars, no matter how initially expensive or desirable, depreciate like just like televisions and toaster ovens. That's a painful and costly lesson that every Ferrari, Lambo and Maserati owner has learned over the years.

The depreciation of the GranTurismo is just getting started. It's still a current model. The big drop in resale/wholesale prices is going to happen when the GranTurismo is eventually "replaced" by the next model. Recall that Coupe and Spyder prices really started to crater after they were discontinued.

Even substantial base model upgrades, like Maserati's decision to make the 4.7L the GT's new base model engine and retire the 4.2L, is going to have a very negative pricing impact on all those early 4.2L GTs. It will also, obviously, hurt resale values of the GT S models.

If I was someone who paid an up-charge for a GT S with the larger 4.7L engine, and a short time later learned that Maserati has decided that the 4.7L engine is now the base model engine, I would be more than a little vexed.

Bad news for the people who bought them off the showroom floor. Good news for people who can wait a bit, I suppose.

 

[GTJoe]

"Modern cars, no matter how initially expensive or desirable, depreciate like just like televisions and toaster ovens. That's a painful and costly lesson that every Ferrari, Lambo and Maserati owner has learned over the years."

Exactly, it's all part of the game unfortunately. Only Bernie Madoff can depreciate your assets faster than ownership of an aging high end automobile.

 

[Greg23]

"Modern cars, no matter how initially expensive or desirable, depreciate like just like televisions and toaster ovens. That's a painful and costly lesson that every Ferrari, Lambo and Maserati owner has learned over the years."

Exactly, it's all part of the game unfortunately. Only Bernie Madoff can depreciate your assets faster than ownership of an aging high end automobile.

Honestly I think that Ferrari is the only car that is holding their value. Lambo and Maserati even more are dropping substantially.

Oh btw I forgot, the Alfa Romeo 8C is incredibly holding its price and I believe it is never gonna drop at this point...

 

[GTJoe]

Honestly I think that Ferrari is the only car that is holding their value. Lambo and Maserati even more are dropping substantially.

Oh btw I forgot, the Alfa Romeo 8C is incredibly holding its price and I believe it is never gonna drop at this point...

The 430's are still strong but I just traded my 04' 360 Spider for the GTC and took a pretty good ass whoopin' :argh:

 

[Greg23]

The 430's are still strong but I just traded my 04' 360 Spider for the GTC and took a pretty good ass whoopin' :argh:

I don't know which 360 you had but if it was the one with the F1 transmission than it makes sense since it is not extremely reliable and maintenance costs are so high, especially once warranty is gone!

Still I think the only italian that wont loose its appeal and value are the 8C Competizione, and the 8C Spyder!

 

[Infidel]

With respect given to everyone's opinion, I do not believe that any of the modern exotics--except for a very select few Hypercars (e.g., Bugatti Veyron) or one-off creations--will hold their values for any significant length of time.

The unfortunate fact is that with the modern exotics, even the supercars, desirability is fleeting. Take, for instance, the Enzo. Initially, it was the very definition of performance and avant-garde style. But today? It seems positively dated. And it is. The entry-level Ferrari Italia performs virtually as well as an Enzo, is light-years ahead of an Enzo from a technology perspective and consequently far easier to drive well, is arguably more sexy and desirable from a styling perspective, and sells for "only" a fraction of what an Enzo costs. That spells real T-R-O-U-B-L-E for Enzo prices over the short to medium term. And they have been dropping lower for some time now.

Eventually, of course, due to its rarity and relative historical importance, Enzo prices may stabilize and perhaps even appreciate. But we're talking about a bonafide, extremely low-production supercar with some historical importance attached to it. Consider, in contrast, what is going to happen to prices of the non-supercar exotics, like the F430s? They are doomed. The only thing that has is holding 430 prices relatively stable (at the moment) is the fact that the Italias are in such short supply. But, eventually, supply will catch up with demand and enough Italias will be available to satisfy the limited number of buyers. Then we will see 430 prices depreciate a la the 360s.

Conversely, TRUE collectible exotics, especially the Enzo Ferrari-era vehicles, for instance, have been appreciating extremely well.

This dichotomy between the "old" and "new" Ferraris is a very interesting subject that author and noted Ferrari market expert Michael Sheehan writes about extensively for FORZA magazine and other publications.

 

[GTJoe]

Yeah it is what it is. With these cars you have to figure on throwing at least couple dollar bills out the window every mile you drive, at a mile a minute it adds up pretty quick.

 

[royalpar1]

I dont think any of us purchased these cars thinking it was an asset which appreciates. Automobiles are depreciating assets, enjoy them. I had 125k into my 06 Porsche and 5 years later traded it and got about 30k, I put on 91k fun filled miles. It cost about 1.00 per mile, it is what it is. Enjoy, and smile, I can tell you most of us have more years behind us than in front of us. If you want to make money buy real estate, stocks, and rare art, none of which will give you the pleasure of the sound of Ferarri Engine going thru the gears.

 

[michaeladler]

I dont think any of us purchased these cars thinking it was an asset which appreciates. Automobiles are depreciating assets, enjoy them. I had 125k into my 06 Porsche and 5 years later traded it and got about 30k, I put on 91k fun filled miles. It cost about 1.00 per mile, it is what it is. Enjoy, and smile, I can tell you most of us have more years behind us than in front of us. If you want to make money buy real estate, stocks, and rare art, none of which will give you the pleasure of the sound of Ferarri Engine going thru the gears.

Beautifully put! You are 100% correct!

 

[Infidel]

Yes and no.

I dont think any of us purchased these cars thinking it was an asset which appreciates. Automobiles are depreciating assets, enjoy them. I had 125k into my 06 Porsche and 5 years later traded it and got about 30k, I put on 91k fun filled miles. It cost about 1.00 per mile, it is what it is. Enjoy, and smile, I can tell you most of us have more years behind us than in front of us. If you want to make money buy real estate, stocks, and rare art, none of which will give you the pleasure of the sound of Ferarri Engine going thru the gears.

It's true, of course, that owning a modern exotic is simply a fun way to burn money. Absolute agreement with that!

However, approaching exotic car ownership with just a little education and patience can make the ownership experience considerably less costly.

 

[MR.BOOMBAH]

I took a look through the various online car sales sites and it seems low mileage 08 GranTurismo’s are ranging from high 70’s – mid 90’s. 06 Coupes are low 30’s to mid 40’s. I have a hard time believing that in two years 08’s will be in the same price range.

Do you think GT’s will hold their value better than the coupes have?

I don't think resale will be any beter plus the Gran Sport/Coupes were much faster. MSRP was pretty close on both models.

 

[MR.BOOMBAH]

I dont think any of us purchased these cars thinking it was an asset which appreciates. Automobiles are depreciating assets, enjoy them. I had 125k into my 06 Porsche and 5 years later traded it and got about 30k, I put on 91k fun filled miles. It cost about 1.00 per mile, it is what it is. Enjoy, and smile, I can tell you most of us have more years behind us than in front of us. If you want to make money buy real estate, stocks, and rare art, none of which will give you the pleasure of the sound of Ferarri Engine going thru the gears.

TOUCHE!

 

[Greg23]

It's true, of course, that owning a modern exotic is simply a fun way to burn money. Absolute agreement with that!

However, approaching exotic car ownership with just a little education and patience can make the ownership experience considerably less costly.

I like to take as an example the Alfa 8C, today the used ones are selling about 20-30k less than sticker that like a 6-7% depreciation which is nothing for a 3 year old car. The 8C is a car that in 5-10 years will be sold much over sticker price...

Just my 2 cents!