296 [Hot!] Ferrari 296 GTB - New V6 Hybrid Supercar for 2022

[empower77]

Problem is that a lot of EV cars are maybe not getting close to a 296GTB but still way to powerful... I think those should be a greater source of worry than the few high performance cars (though I tend to agree with you on the above, don't misunderstand me).

I did not single out hi-po cars.. I’m looking at you Hummer EV.

 

[Jonathan19]

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[Jonathan19]

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[klier]

Great! This GT3 kit is absolutely ridiculous, but it's very entertaining nevertheless

*grabs popcorn*

 

[Jonathan19]

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[Centurion]

Nuts that a Chiron is easier to repair that this car. Hybrids are such a green wash. This level of irreparability should be illegal.

Even a 20mph accident can be enough for this car to be written off.

 

[Jo_Sta7]

It’s not irreparable. It is irreparable, more or less, without OEM support.

But also, who cares? We’re judging the greatness of cars by their ability to be repaired off salvage?

 

[klier]

But also, who cares? We’re judging the greatness of cars by their ability to be repaired off salvage?

What greatness are you referring to? I don't see it anywhere.

It is irreparable, more or less, without OEM support.

Like Luw said, particularly THAT should be illegal.

 

[Centurion]

But also, who cares? We’re judging the greatness of cars by their ability to be repaired off salvage?

If cars are more difficult to repair, insurance companies write them off. This results in higher premiums for everyone else.

Some hybrid supercars are economical to repair now but let's say in 10-15 years they are worth $100k. They will become landfill material as fewer people want to own them outside of warranty and risk bills that are $20-40k.

This doesn't matter if you are rich, buy new and replace within three years. However it's bad for the economy, environment and owners if very small accidents can render a car to be written off.

Inevitably there will need to be legislation ensure that EVs and hybrids are less environmentally friendly and sustainable than ICE cars.

 

[AndreB]

It’s not in their interest to make these cars easy to repair or to offer reasonably priced extended warranties, which is a big part of why the 296 and SF90 depreciate so heavily.

I’ve been looking at pre-owned 296s, and some are already close to being out of warranty. Owning one without factory coverage is quite risky, especially given the complexity of the hybrid system. For example, a 2022 car will see its hybrid battery warranty expire in early 2027.

Yes, you can extend the coverage, roughly 7k for two years of general warranty and about 15k for the hybrid system but that’s a steep cost for a pre-owned car priced under 200k.

 

[domleo999]

Owning a 296 and being in the community with supercar owners, depreciation + maintenance are the last things on these owners minds. Presence and performance is the main priority here.

I'm not saying this about myself, but generally owners purchasing these vehicles dont really think much about these things from my observations...

 

[AndreB]

There are over 200 pages on the FerrariChat forum discussing 296 depreciation, which suggests there’s at least some level of concern, otherwise people wouldn’t be talking about it so extensively.

Depreciation itself isn’t my main worry, as I’d only consider buying used and would hopefully avoid most of the initial hit the 296 seems destined to take.

What concerns me more is that several pre-owned 296s I’ve been tracking across five Ferrari dealers haven’t sold in over six months. It would be quite frustrating to wait a year to sell the car, or end up taking a significant loss on a trade-in.

 

[Jo_Sta7]

For myself and other owners I know, it really is of no concern. I know it sounds silly but losing $200k USD on a car doesn’t really matter to many of the owners that buy these cars. The 296 drives incredible, looks incredible. It’s my favorite Ferrari I’ve owned. I’ve lost a lot more money than $200k on things I didn’t enjoy.

 

[domleo999]

For myself and other owners I know, it really is of no concern. I know it sounds silly but losing $200k USD on a car doesn’t really matter to many of the owners that buy these cars. The 296 drives incredible, looks incredible. It’s my favorite Ferrari I’ve owned. I’ve lost a lot more money than $200k on things I didn’t enjoy.

Exactly my point

 

[Jo_Sta7]

The asset bubble has placed an idea into people’s minds that expensive items should only hold value or appreciate. This has historically never held true over anything but short time horizons and shifting sectors. Cars are mostly depreciable items, bought as a result of prudent financial decisions, hard work, and proper investments. They are not a proper investment, but a result of. Therefore, all that really matters is buying whatever brings the most enjoyment to the owner. Certainly, the cars ability to be rebuilt without OEM support is (or should be) at the very bottom of anyone’s list.

 

[klier]

Cars like the 458 do not depreciate like all the new ones do though. Those are considered modern classics whereas the hybrid cars will be considered junk in a few years.

Major difference.

 

[martinbo]

Very few cars are appreciating assets over the short-term, less than 10 year timeframe. More so, if they're purchased for their primary purpose - driving.

Time, minimal-to-no mileage and obsessive maintenance are the biggest determinants of whether a car will appreciate or not.
A late model previous gen Land Rover Defender in showroom condition - shitbucket that it is - will have appreciated in value, even taking inflation into account.

A well-used 981 Boxster will depreciate significantly. A hardly-used 981 Spyder will have started to appreciate. It all depends on state of the vehicle that determines whether it's an asset or a liability. Either way it's win-lose or lose-win. If you've bought your car to be tucked away for years and hardly used then you will have sacrificed many memorable moments to enjoy the car for what it was designed to do. On the other hand if you've maximised your experience then accept that it's a small price to pay for the pleasure it gives you.