Anyone want to talk me out of it? | FerrariChat

Anyone want to talk me out of it?

Discussion in 'Ferrari Discussion (not model specific)' started by Rbernst929, Jan 17, 2011.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Rbernst929

    Rbernst929 Rookie

    Nov 29, 2010
    20
    HI all. I will be retired in a year. I always wanted a Ferrari, but....
    1) I cant afford a new one.
    2) I live in a townhouse in Florida with no garage, hence the car will be outside.
    3) I want a newer used car such as a 360 modena.
    4) Worried about keeping it long term for service and parts.

    Am I wrong to buy one? -Bob.
     
  2. 5800RPM

    5800RPM Formula Junior
    Owner

    Apr 21, 2006
    503
    Sarasota, Florida
    Full Name:
    Jason
    but....

    1) You could be dead in a day, week, month, year;
    2) You always wanted one;

    [/debate]

    Live life and enjoy. Push comes to shove, the car will still have resale value (assuming you care for it and if you total it there is insurance). So what is your downside? Maybe, $20K if you keep it for 3-4yrs and put 10K miles on it. Is your enjoyment and fulfillment of always wanting one worth $20K to you amortized over 3-4yrs?

    If you get a well sorted 360 that has a documented history and has been cared for, your R&M bills should be minimal (barring bad luck).
     
  3. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,256
    Seattle Area
    Full Name:
    Dave
    Only YOU can decide that. Do what you want - sounds to me like you want
    a Ferrari. So buy one.

    :)

    Jedi
     
  4. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    105,894
    Vegas baby
    Buy a good one and have fun. If you think its a long term liability then keep it a year, resell it, and cross it off your list.

    If you can afford the car and want one, what's the damage? Enjoy your life. It's yours.
     
  5. 3forty8

    3forty8 F1 Rookie
    Owner

    Apr 25, 2006
    2,713
    San Diego
    Full Name:
    Eric
    Asking that question here is a little like heading down to your local pub and asking your buddies to talk you out of having a pint, lol.

    The one thing on your list that would give me cause for concern is the lack of a garage. The weather and hot sun will be brutal on the exterior and interior, not to mention I would be hesitant to leave the car outside overnight. But hey, you only live once!
     
  6. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    read up on maintenance costs.
     
  7. wazie7262

    wazie7262 Formula 3

    Feb 13, 2008
    2,357
    Temecula, CA
    Full Name:
    Scott
    I would suggest you look and see if there is a garage you can rent by the month ;-)
     
  8. Chicko

    Chicko Formula 3

    Buy one, as you can always sell it again.
     
  9. James_Woods

    James_Woods F1 World Champ

    May 17, 2006
    12,755
    Dallas, Tx.
    Full Name:
    James K. Woods
    Agreed. I cannot count how many brand new airplanes I have seen ruined because the owner refused to pay for hanger space and tied them down outside.
     
  10. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,586
    Gates Mills, Ohio
    Full Name:
    Jon
    I think we had a similar post a few weeks ago.

    If you have no garage, I think it's a bad idea. Sun, vandalism, thieves, scratches from undergarments and heels, etc.

    In terms of service and parts costs, the newer ones seem to be more expensive. (A 360 headlamp cover is several thousand dollars, IIRC.) But they are easier to drive, and faster.

    Well, we do need to approve it here. All used Ferrari purchases have to be reviewed by a bunch of anonymous guys on a chat board.

    It's been that way for decades.
     
  11. TheMayor

    TheMayor Ten Time F1 World Champ
    Rossa Subscribed

    Feb 11, 2008
    105,894
    Vegas baby
    When I lived in Florida, a saw a lot of F cars under covered car ports. It's not that unusual there along with every Porsche imaginable, RR's etc. Fcars must be more common in Florida than anywhere else in then states. If it were Chicago, I'd agree. But in FL it's not that big a deal. One good thing is the 360's don't rust. I wouldn't do it to a 308 for sure.

    Also, you can always stick it in a storage unit.
     
  12. Aaya

    Aaya F1 Veteran

    Jul 12, 2007
    8,239
    Full Name:
    Wu Tsai
    Would it be possible for you to rent a garage space if it's going to be a weekend car?
     
  13. blackbolt22

    blackbolt22 F1 Veteran
    Silver Subscribed

    Sep 25, 2007
    5,805
    Boca Raton, FL
    Full Name:
    Mr. Anderson
    Do it but look into getting another place with covered parking.
     
  14. NeuroBeaker

    NeuroBeaker Advising Moderator
    Moderator

    Oct 1, 2008
    39,984
    Huntsville, AL., USA
    Full Name:
    Andrew
    LOL! True Eric! :D

    Me thinks his mind is already leaning in the right direction. ;)

    All the best,
    Andrew.
     
  15. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,256
    Seattle Area
    Full Name:
    Dave
    LOL!!!
     
  16. SrfCity

    SrfCity F1 World Champ

    Buy a good car i.e. do your homework and don't skimp on doing a proper PPI. The other thing is arrange for covered garage space. You can find it easily and not too expensive if you dig around.
     
  17. Shorn355

    Shorn355 F1 Veteran
    Rossa Subscribed

    Jan 13, 2011
    6,859
    Colorado
    Full Name:
    Scott
    1) Most people can't
    2) Rent a storage space at a secure/gated place for $150/month and buy a car cover.
    3) Nice well-documented 360s are < $100K all day long - good choice.
    4) A nice 360 has or will flatten out pretty quickly from a depreciation standpoint so while a newer more reliable or cheaper-to-maintain car (Porsche 997 for example) will hemmorage money every day, your Ferrari will remain fairly stable and 360 maintenance costs are pretty reasonable. You will also spend less on tires for the Ferrari.

    Bottom line is you will always find a million reasons NOT to own a Ferrari and there will never be a logical, sensible argument TO own one. Fact is if it is your dream to own one and you worked for it and every time you clean it, hear it, see it or even think about it your heart skips a beat then buy the darn thing - soon!!

    Cheers :)
     
  18. Kds

    Kds F1 World Champ

    #18 Kds, Jan 17, 2011
    Last edited: Jan 17, 2011
    Ask yourself the very same question when you are lying in a hospital bed with tubes up your nose, a wire attached to your chest, along with a TV monitor and an IV drip plugged in.

    If you are able to do it without financially screwing up your lifestyle, what are you waiting for ?
     
  19. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,256
    Seattle Area
    Full Name:
    Dave
    Well, at THAT point, saying "yes, I think I'll buy the Ferrari" might be fairly moot.....

    :D

    Jedi
     
  20. UpNorth

    UpNorth Formula 3
    Owner

    Sep 30, 2006
    1,768
    Quebec, Canada
    Full Name:
    Francois
    Get one...Hurry! Life is just too g*d d*mn short!
     
  21. SWB

    SWB Formula Junior

    Nov 12, 2006
    964
    Toronto & Ottawa
    Full Name:
    Seth
    You only get one shot at life so why not realize the Ferrari dream if it is financially within sight?
     
  22. texasmr2

    texasmr2 Two Time F1 World Champ
    BANNED

    Oct 22, 2007
    22,232
    Houston
    Full Name:
    Gregg
    So what did you buy???
     
  23. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,256
    Seattle Area
    Full Name:
    Dave
    Yeah.... what gives? It's been SIX HOURS!!! NOTHING YET?


    :D:D

    Jedi
     
  24. Rbernst929

    Rbernst929 Rookie

    Nov 29, 2010
    20
    Hey you guys are killing me,,,, what did I buy yet?? Ah, we are talking another year here folks. lol.....and, of course I know the rules about checking in with you all before buying a used car. That's why I'm here! Well, as to your good answers. I will probably be able to get a used 360 modena if its between $70 - $100,000. Of course then the yearly expenses kick in plus insurance plus tires, but I will probably only put 7,000 miles a year on it. I really cannot do anything about the lack of garage. But, I promise to wax it everyday and use a dash board reflector. Anyone can give me an idea of yearly expenses? -Bob.
     
  25. texasmr2

    texasmr2 Two Time F1 World Champ
    BANNED

    Oct 22, 2007
    22,232
    Houston
    Full Name:
    Gregg
    #25 texasmr2, Jan 17, 2011
    Last edited: Jan 17, 2011
    A man with motivation thats what we all like too hear!! You know I cannot afford one on a cops salary thats why I whore myself out to my friends here lol!
     

Share This Page