Here’s your periodic reminder that a supercar is not a savings account. A 2025 Ferrari 296 GTS with a piddly 1,300 miles on it just sold for $373,500 — a face-melting drop from the $500,000-plus its original owner happily handed over.
The plug-in hybrid hit the block May 26 on Bring a Trailer, and here’s the part that stings: the first owner spent a cool $504,308 on it new. The listing shows the car was loaded with options that shoved the price way past a base 296, and it still walked away for more than $130,000 under sticker after barely a year of ownership. Ouch.
It’s a blunt little lesson in how fast a modern exotic can hemorrhage value, even when it’s basically box-fresh and barely driven. Sure, some Ferraris ride that allocation-and-hype rocket and sell above MSRP — but the rest? Once they cross into used-car territory, the floor can fall out fast.
And it’s not like this thing was a stripper-spec base car. It was packing $131,000 in options, including a Tricolore livery, carbon fiber trim and red vinyl accents. Toss in 20-inch wheels, red calipers and cross-drilled carbon-ceramic rotors, and you’ve got a car that was anything but shy.
There was more, too: a front-axle lift, Scuderia Ferrari fender shields, dual exhaust outlets and a speed-activated rear wing. Inside, you got a leather-and-carbon wheel, carbon shift paddles, Rosso Ferrari power buckets, wireless charging and a JBL stereo. The spec sheet reads like someone went a little wild in the configurator — which, honestly, respect.
Doing the work is a twin-turbo 3.0-liter V6 hooked up to an MGU-K electric motor, and together they crank out a genuinely silly 819 horsepower and 546 lb-ft of torque. This is not a slow car.
Why it cratered this hard isn’t totally obvious. At 1,300 miles, the thing is essentially unused. Yet here it sits, parked near the bottom of recent 296 GTS resale numbers.
For context, Classic.com pegs the average 296 GTS at $402,947. The cheapest used example on record went for $366,000 — right in this car’s neighborhood. On the other end, a Tailor Made 296 GTS with just 115 miles and $222,000 in options pulled $476,000 on Bring a Trailer. Spec matters, apparently.
So the seller? They took it on the chin. The buyer, on the other hand, just scooped up a heavily optioned, practically-new Ferrari for a serious discount. One person’s depreciation nightmare is another’s deal of the year.
Source/Image Via Bring a Trailer
