Ferrari - A Guide To Depreciation
We get numerous questions from customers, friends and investors about how quickly specific Ferrari models depreciate, and which models appreciate as time goes by.
We have crunched hundreds of numbers using real world sales listings to produce depreciation charts for the most popular Ferrari models.
Our process was to examine the used car listings, and take an average of the selling price from each year. We chose the most popular model variant for each model, and only compared cars of a similar spec. Finally, we created easily digestible stats for you to quickly view how depreciation affects different models across Ferrari’s range.
Our method above should give us reasonably accurate averages. Although the depreciation figures below may not be 100% perfect as there are a limited number of models for sale at any one point. However they do give a great indication of average depreciation trends. If you like to nerd out on stats and trends, or want to check you are making a good investment choice hopefully these depreciation charts will help.
We have also created an in-depth guide to Lamborghini depreciation which you can read here.
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Key Points From Our Results Summarised
1 – New Sometimes Beats Old
Unlike buying a regular car new which will almost always depreciate the second it rolls off the forecourt, buying a modern Ferrari new can sometimes be the most cost effective method.
Due to the limited supply and lengthy wait times when purchasing one of Ferrari’s newer models, you will often find used nearly new Ferrari’s with low mileage sell for a higher price than their original sticker price.
Looking at the Ferrari GTC4Lusso V12 as an example, when new they are £230,000. If you search through the classifieds for a model less than 1 year old with low mileage you will find most selling in excess of £245,000.
Key Point 2 – High Mileage Vs Low Mileage
Buying a high mileage Ferrari can result in a discount of roughly £12,000 to £25,000.
In our research when comparing high mileage prices, we found that high mileage in the world of Ferrari means 20,000 – 40,000 miles on the clock. This sounds reasonably low when compared to every day cars, however this many miles cause a large valuation drop when it comes to exotic cars.
Ferrari California Depreciation
When looking through all for sale listings we found that the disparity in mileage was only around 10,000 for 1-3 year old models, and this scaled proportionally as the cars got older. For 9-10 year old models the mileage difference became around 25,000 – 40,000 between low mileage and high mileage models.
| Low Mileage | High Mileage | |
|---|---|---|
| Price New | £156,000 | £156,000 |
| 1 Year Old | £145,000 | £130,000 |
| 2 Years Old | £125,000 | £115,000 |
| 3 Years Old | £115,000 | £107,000 |
| 4 Years Old | £105,000 | £99,000 |
| 5 Years Old | £95,000 | £90,000 |
| 6 Years Old | £95,000 | £85,000 |
| 7 Years Old | £89,000 | £76,000 |
| 8 Years Old | £85,000 | £73,000 |
| 9 Years Old | £84,000 | £72,000 |
After looking at our research above it seems that the ever popular baby Ferrari, the California follows a fairly common depreciation curve. A year after it has rolled off the production line it loses around 10% of its MSRP value, and at year 9 it’s sitting at around 55% of its value when new.
This shows the best time to buy a Ferrari California is when it hits 4 years old. At this stage of its life it has undergone its major depreciation and it quickly slows down after year 4.
Ferrari 458 Depreciation
For our chart below we used the ever popular Ferrari 458 Spider.
| Low Mileage | High Mileage | |
|---|---|---|
| Price When New | £198,000 | £198,000 |
| 1 Year Old | ||
| 2 Years Old | ||
| 3 Years Old | ||
| 4 Years Old | £189,000 | £175,000 |
| 5 Years Old | £182,000 | £156,000 |
| 6 Years Old | £177,000 | £129,000 |
| 7 Years Old | £165,000 | £145,000 |
| 8 Years Old | £144,000 | £131,000 |
The flagship Ferrari 458 is starting to age. It has been out of production for over 3 years now, however that hasn’t affected prices too much.
If you were to have purchased one of the last Ferrari 458 Spiders off of the production line, and kept the mileage down, you would have only lost around 5% of value. That isn’t bad going after 3 years!
Ferrari F430 F1 Depreciation
| Low Mileage | High Mileage | |
|---|---|---|
| Price When New | £117,000 | £117,000 |
| 10 Years Old | £109,000 | £87,000 |
| 11 Years Old | £95,000 | £79,000 |
| 12 Years Old | £82,000 | £77,000 |
| 13 Years Old | £84,000 | £72,000 |
The Ferrari F430 F1 remains one of the most popular Ferrari models. Ten years ago when the F430 was Ferrari’s flagship model, it was a steal at £117,000.
The price difference between the oldest F430s and the newest yield a difference of £25,000, meaning there are bargains across the age range.
Ferrari GTC4Lusso V12 Depreciation
| Low Mileage | High Mileage | |
|---|---|---|
| Price New | £230,000 | £230,000 |
| 1 Year Old | £249,000 | £210,000 |
| 2 Years Old | £220,000 | £194,000 |
The V12 GTC4Lusso is the first Ferrari we looked at which is still in production. This is an example of a Ferrari which appreciated the second it drove out of the factory.
This is solely due to the speed at which they are manufactured. Their rarity in the market allows those who are selling nearly new models to make a large profit on the original MSRP. This is only the case if you keep the mileage low.
After the first years appreciation, they quickly drop back down to under its original value, however as there isn’t enough historic data we can’t go beyond year 2.
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