Ferrari prices definitely dropping....

Those are just leaves, it's that time of year.

People that had the real jobs that put the effort into making something sustainable are doing just fine. The get rich quick crowd is deservedly getting hosed.

 

Hey, there's LOTS of cake for the candy asses.
He11, even Jim's Duesie was built, bought, and driven during a depression. 599 just easier to park. Yo Darf, now's your chance to get a flfc again. They're leaving 'em at the curb with keys in 'em in BH.

 

Hey Lee, despite all the bs, you have something that 99% of the rest of us don't. If you want, you can fire up the beast in the morning and go slay some ducs.

Dale

 

Amen.
The 599 is all I want or need right now. If I could return the monster S back to MBUSA I would.

 

I hope you are right, but I doubt the average loan analyst or aerospace worker falls into the get-rich-quick group.

 

I agree with most of what Lee says, but again, the 12 cylinders are not my style. I like the 8s in the modern cars, but may get an older 12 cylinder car if the price drops on them. I'm waiting for the 275GTBs to drop to an affordable level, say 100 - 200k, which I think is coming down the road. I'd like a yellow one, but will take one no matter the color, if I can get a price that's affordable. I'm probably dreaming though.

Art

 

Dreams do come true my friend. Anything can happen.

 

Maybe by total dollar volume, but not necessarily by number of individual items bought.
The 10% may still get their Ferrari, but the remainder of the cars left to be sold will be under mucho downward pricing pressure.

 

IMO this is very very significant; perhaps (appears likely) the economy is turning around quicker than expected. The plant assembles Tahoes, Yukons, and Escalades.

http://www.bizjournals.com/dallas/stories/2008/11/17/daily60.html

P.S. Never bet against America.

 

Go figure, gas drops below $2 and Americans who have the collective intelligence of a nematode are back buying SUVs.

No up turn in sight.....sorry.
View attachment JPMorganMfg120108.pdf

 

nematode checking in; ordering a new Suburban tonight.

 

It is either that or the incentives are so outrageous that buyers realize they can buy a Tahoe and put even $4 gas in it for years before they break even buying that new Toyota hybrid SUV.

 

Was just thinking that. The beaters are now cheaper, but the good cars that those of us have that we don't HAVE to sell are still at the price ranges you mentioned. If any new buyers want to jump in at the cheap prices have at it, but as you always say to me Bullfighter, buyer beware - there may be some serious money to be spent at those sale prices.

MB

 

I'm in MENSA and design databases for a living for some of the largest corporations in the world...hardly the definition of a nematode-like intelligence.

I probably speak for many when I say I am extremely offended by this statement...

I have had my Tahoe for 6 yrs and am still quite happy with the utility of it, have had the opportunity to trade it in towards a Ferrari and have steadfastly refused to do so...of course when I bought it gas was just a little over $1 and I would not buy an SUV in today's environment...

I believe an apology is in order to me and other SUV owners...

Frank

 

I made the grade for MENSA and drive an SUV, too. However, I laughed at Nerd's comment. I don't think he meant it to be offensive.

 

WoW, MENSA...Haven't heard that used for several decades. No doubt you may be bright, but MENSA really doesn't mean squat. Sorry.

 

Point taken...I think it just rubbed me the wrong way for him to imply that people that own SUV's are idiots...

They are actually quite useful, especially as daily drivers.

Frank

 

SUVs like all tools are suited to specific uses. The problem is with those who buy them as fashion statements or male enhancement devices. Hope I didn't offend.

 

Although I can't speak for others, let me be the first to admit, if it makes everyone feel better...I own an SUV and I am definitely an Idiot.

I am an idiot for thinking my Land Rover could get up a snowy driveway better than a suburu. I am an idiot for not looking at an all wheel drive mini-van. I am an idiot for getting a 5700LB car in the midst of a gas crisis. I am an idiot for burning $50.00 bills every time I start my car. Having said that, my LR3 is for sale, any takers?

As for Ferraris, the best cure for falling prices is to just drive the car.

If the economy tanks: take a drive
Wife throws you out of the house...take a longer drive
If locusts and the plague suddenly befall us...take a long drive with the top up
If we are invaded by aliens, take a long fast drive to a secure location
If all else fails and your life completely tanks...take a long drive right off a cliff.

In the interim, remember how blessed we are to even be able to have this discussion. There are far worse ways to lose a fortune than on a figure of your dreams. I can think of one right off the top of my head...getting a land rover RIGHT before gas spiked to $3.00 a gallon

Now, I will gingerly step off my soapbox

 

I know I'm an idiot...I own two Land Rovers. The only up side is that they only get driven ~5 miles per day. I can hardly wait for an all-electric intown car.

 

Damn, Joe,

I have already taken three of the 'drives', on your list!

In THREE different Ferraris! LOLOLOL!

 

To paraphrase a line from the film "Men in Black":

A person is smart, but people are stupid.

I think the comment about nematodes related to the general societal intelligence of building and buying large, thirsty vehicles.

 

And to go a bit farther, a lot of people buy more tool than they need. Sure, almost no one "needs" a Ferrari--and very few owners defend that they need one.

In my experience, far more folks will say they "need" an SUV. This was discussed at length on the old Fchat. Assuming we are talking large, body on frame SUV's, the only people who need them are those who have to tow heavy trailers, and those who need large interior volume with reasonable off road capability. In most cases, a more fuel efficient AWD minivan will fill most of the roles that SUV owners say they need.

My beef is not specifically with folks who want SUV's (I have was as well) but with folks saying they need them and implying that nothing else will do.

 

Most Ferrari owners don't use theirs as a primary vehicle though. Given the average mileage their carbon footprint is minimal.
For years I lived in a house high on a hill with a driveway that resembled a ski slope when it snowed. Ditched the SUV as soon as I moved.

 

With the market down like the Titanic, I appreciate the humor of this post!!
Superb.

My vote for post of the week and its only MONDAY Thanks for the laugh