| Author |
Message |
TWA (Exoticars)
Junior Member
Username: Exoticars
Post Number: 88
Registered: 8-2001
| | Posted on Monday, March 03, 2003 - 9:43 pm: | |
I actually think it's an interesting formula to figure out. One may be quite surprised at the result. For example, I did this with an NSX that I had for 3 years and the total cost to own over the whole time was WAY less than any other car I've owned; even ones that only cost me 5,000 to buy. So that'll give you an idea of how much the car cost. One piece of the formula was that I drove it 18k miles and sold it for 1k less than I paid 3 yrs. later. This can happen almost just as well with a Ferrari. Probably not a Modena, but a 355 may run similarly surprising results providing maintenance doesn't bite you. Some people don't realize that if you buy the 'right' exotics, you need only to buy the first one as they retain their value well enough to enable you to continue buying without losing much money. |
Ken (Allyn)
Member
Username: Allyn
Post Number: 740
Registered: 10-2001
| | Posted on Monday, March 03, 2003 - 2:26 pm: | |
My Europa gets about 30 MPG on the highway and I GUARANTEE it pollutes more than 10 times the amount of any modern Ferrari. I happen to think Europas (or all 31 year old cars) are not a major source of concern however. |
EFWUN (Efwun)
New member
Username: Efwun
Post Number: 38
Registered: 2-2003
| | Posted on Monday, March 03, 2003 - 1:40 pm: | |
P.S., Mileage??? For the couple of thousand miles you might drive a year, who's kidding whom? |
EFWUN (Efwun)
New member
Username: Efwun
Post Number: 37
Registered: 2-2003
| | Posted on Monday, March 03, 2003 - 1:38 pm: | |
Ken, that is so true. The 550 puts out exhaust that is literally almost breathable. Ever follow a diesel municipal waste truck? Social responsibility? Crap. |
Bruno (Originalsinner)
Intermediate Member
Username: Originalsinner
Post Number: 1010
Registered: 5-2002
| | Posted on Monday, March 03, 2003 - 12:48 pm: | |
Uh Oh.
What would Jesus drive?
I'm guessing a Ferrari myself. |
Dr Tommy Cosgrove (Vwalfa4re)
Member
Username: Vwalfa4re
Post Number: 629
Registered: 5-2001
| | Posted on Monday, March 03, 2003 - 11:10 am: | |
I wouldn't think a car that gets 11 mpg and requires as much oil as a 360 does to fill the case is a socially responsible car. |
ken rentiers (Rentiers)
Junior Member
Username: Rentiers
Post Number: 91
Registered: 2-2003
| | Posted on Monday, March 03, 2003 - 10:57 am: | |
I gotta wade in here!
Al said "If someone can afford a 360, what is the price of not buying it? Life is too short to not go for it!" - Exactly!!!
Dave Janes said "Actually its the mileage that pushed my decision over the edge, I was tired of the Diablo's 7 MPG around town, total socially irresponsible. "
Crap! How is it "socially irresponsible"?
1. We are running out of gas. - This is simply not true.
2. 7 mpg causes too much pollution. - But any modern ULEV has only 1/40 the emissions of any standard 1980 car. It would make more sense to ban lawnmowers.
If anyone really thinks their car is "socially irresponsible", they should destroy it, not sell it. Dave, stop watching all those bleating airhead celebrities. Go out and enjoy your car. |
Mark Freeman (Mrpc12)
Junior Member
Username: Mrpc12
Post Number: 157
Registered: 11-2001
| | Posted on Monday, March 03, 2003 - 10:30 am: | |
Probably should take into account that the 420 will be out by then (as well as Gallardo) and 360 values may drop more rapidly. |
Al LaPeter (Lapeter)
Junior Member
Username: Lapeter
Post Number: 64
Registered: 6-2002
| | Posted on Monday, March 03, 2003 - 9:03 am: | |
I buy a new BMW X5 every two years. It is our daily driver. We trade it in and it has lost 30% of value. I think that is a good measuring stick for any new car. If you do better than that, you hit a home run. |
Bruno (Originalsinner)
Intermediate Member
Username: Originalsinner
Post Number: 1005
Registered: 5-2002
| | Posted on Monday, March 03, 2003 - 8:58 am: | |
if you can REALLY afford to buy the 360 U have enough money that the 50k is nothing in depreciation. It's like when I go to Europe for a month to 6 weeks every other year. Cost 20k. Can I afford it ,Yes. Is it a waste of 20k. Ah the eyes of the beholder. And sometimes its more than 20k depending on how many kids go with me. |
Henryk (Henryk)
Member
Username: Henryk
Post Number: 516
Registered: 8-2001
| | Posted on Monday, March 03, 2003 - 12:03 am: | |
While if one can afford to buy a 360 Spyder, can he REALLY afford to loose the $50K-75K in depreciation, after putting a few miles on it? I know that life is short.....BUT, that is a LOT of money to loose.
One, who can afford this car, didn't get the money by doing business ventures that lost him money......it would seem that he would be LESS likely to buy the car in the first place.
Just my opinion. I think that I will just keep my TR and Boxer. The combined total loss, on sale, of BOTH cars, will be MUCH less!!!!!!! |
I can't drive 55 (Sparetireless)
New member
Username: Sparetireless
Post Number: 38
Registered: 1-2003
| | Posted on Sunday, March 02, 2003 - 11:42 pm: | |
Actually its the mileage that pushed my decision over the edge, I was tired of the Diablo's 7 MPG around town, total socially irresponsible. |
Dr Tommy Cosgrove (Vwalfa4re)
Member
Username: Vwalfa4re
Post Number: 625
Registered: 5-2001
| | Posted on Sunday, March 02, 2003 - 8:13 pm: | |
exactly |
FABS (Caruso348)
New member
Username: Caruso348
Post Number: 24
Registered: 5-2002
| | Posted on Sunday, March 02, 2003 - 7:48 pm: | |
Why would anyone be so overwhelmed with costs to run F cars. Sell or refuse to own and you've got your costs down to zero! |
Al LaPeter (Lapeter)
Junior Member
Username: Lapeter
Post Number: 63
Registered: 6-2002
| | Posted on Sunday, March 02, 2003 - 7:01 pm: | |
If someonne can afford a 360, what is the price of not buying it. Life is too short to not go for it! |
Dr Tommy Cosgrove (Vwalfa4re)
Member
Username: Vwalfa4re
Post Number: 619
Registered: 5-2001
| | Posted on Sunday, March 02, 2003 - 5:58 pm: | |
Somehow buying a $180,000 Ferrari and being concerned about annual gas costs, etc. to operate it seems strange. Kinda like buying a double cheesburger and a diet coke at the same time.
How can anyone seriously investigate gas costs on a car that will depreciate tens of thousands of dollars in just a few years alone? Anyone willing to burn that kind of money in depreciation just to own a car needs to forget about the side costs or stick with a Honda Accord.
I don't mean to come off as an •••••••, but I just do not get it. Really, we are talking about a car that costs nearly $200,000. |
Bruno (Originalsinner)
Member
Username: Originalsinner
Post Number: 991
Registered: 5-2002
| | Posted on Sunday, March 02, 2003 - 11:06 am: | |
I know a guy with a 79 gts. He is original owner. .Cost of car plus all dealer maintenance over the years.Insurance,tax,etc,not included. $1.40 per mile. Car has 78k on it. f course you can deduct say 20-22k from total cost if he were to sell it. My point being after a long enough period of time cost comes down. Seems like on a 360 there will be a sweet spot at which u can get the most miles out of it,more than 5k a year, and not affect cost of ownership a great degree. |
Bruno (Originalsinner)
Member
Username: Originalsinner
Post Number: 990
Registered: 5-2002
| | Posted on Sunday, March 02, 2003 - 11:02 am: | |
I think $100k is about right. Unless something changes and resale values and demand on all Fcars goes up. % years is 5 years on it. And I assume u will be selling it needing a fresh major,tires,etc. |
I can't drive 55 (Sparetireless)
New member
Username: Sparetireless
Post Number: 37
Registered: 1-2003
| | Posted on Sunday, March 02, 2003 - 1:14 am: | |
$5 per mile assuming 5,000 miles per year and normal maintenance. |
Tony Safina (Tsafina)
New member
Username: Tsafina
Post Number: 4
Registered: 2-2003
| | Posted on Thursday, February 27, 2003 - 11:50 am: | |
The first link was an accident from an email to a friend about decaff coffee not helping people with heart trouble. Sorry. |
Steve Magnusson (91tr)
Intermediate Member
Username: 91tr
Post Number: 1456
Registered: 1-2001
| | Posted on Thursday, February 27, 2003 - 11:45 am: | |
Tony S. -- Is that link a joke? It doesn't seem relevant...
I didn't do a detailed list like Rob, but when I first read your question ~$100K popped into my mind. |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 3744
Registered: 12-2000
| | Posted on Thursday, February 27, 2003 - 11:40 am: | |
2002 360 Modena: $170k
Depreciation: 2008 estimated value $90-100k
Financing: Whatever interest rate you get.
Insurance: $1,200-2,500 a year.
Taxes & fees: State by state.
Fuel: total miles/11 mpg x price of gas.
Maintenance: apx. $10-15k over 5 year period.
Repairs: depends how much you break, you'll go through a trans and clutch within the first five years if not an experienced performance car driver. |
Tony Safina (Tsafina)
New member
Username: Tsafina
Post Number: 3
Registered: 2-2003
| | Posted on Thursday, February 27, 2003 - 11:32 am: | |
In case I did not make my request clear, here is a link to a web price for a different make and model car that will give you a better idea about what I hope to find here:
http://apps.edmunds.com/new/2003/honda/accord/100146505/cto.html?&setzip=40202&vdp=off&tid=edmunds.n.cto.cto.1.1.Honda*
Thanks!
|
Tony Safina (Tsafina)
New member
Username: Tsafina
Post Number: 2
Registered: 2-2003
| | Posted on Thursday, February 27, 2003 - 12:18 am: | |
I am helping a client locate some statistics. I want to know the total cost of ownership of a 2002 Ferrari 360 Modena over a five year period including factors such as depreciation, financing, insurance, taxes & fees, fuel, maintenance, and repairs. I will appreciate any help you can offer. Thanks for any information you can share with me. |