Help pick a model to invest/drive...

None of those cars should be thought of as an investment. Those are cars that you buy and enjoy, and pray the enjoyment is worth the money you WILL lose on it.

For any real chance on an investment angle, you need to be looking at older cars in a higher price point.

 

There really are very very few Ferraris that are reliably of "investment grade" and
they are all WAY WAY out of your budget.

Buy a 3x8 - since you can do your own work, they're simple cars, run great, look
awesome and are a BLAST to drive. $35-$45k should get you a great "starter".
But with belt services and other maintenance, you're never going to get out of
it what you'll put into it. At least not in any foreseeable time frame, at least IMO.

Jedi

 

Mate no offence but you come across as a troll - I know you try not to be but all these questions have been asked and answered so many times - do some research first and then come back with more specific points

 

It always niggles Me when one of the main reasons for buying a Ferrari is declared as being "an investment".

That's not what these cars are supposed to be about! They're for driving, experiencing and enjoying.



These parts I don't get:

So you're worried about the affect that driving it normally will have on it's value but you'll service/repair it yourself and race it a few times a year?
Chances are, DIY repairs and tracking the car will devalue the car more than than having the car serviced by an recognised expert and driving on ordinary roads.


As for:

Take your head out of your arse and don't be so f*@k%&g condescending!

The vast majority of those "20 year olds working in low end jobs with unrealistic perceptions" who dream of owning a Ferrari, would at least cherish it for the great car that it is, rather than worry about it's status symbol or how driving it might lower it's value!

People who make statements like the one you've made piss Me off!
Tread on the little man and treat him with contempt! How dare he dream of owning a Ferrari - he's not worthy of such a vehicle!

Here's a thought for you: In life, the guy who cleans the toilets is just as important as the guy who runs the company because no one else is going to volunteer to clean them and no one wants to use a dirty toilet!

There are plenty of ordinary, hard working, average Joe's on here, who have grafted hard and saved up for years to buy their Ferrari's and they're not worried about re-sale and investment possibilities, because they genuinely love their cars, and you have no right to look down your nose at any of them!


you want an investment? - go buy a painting!

 

I will have to cosign,you come across as a troll.

 

To begin, I don't even know what the above means. Does it mean that you have about 300k in inheritance sitting in various investments that you're using dividends, etc. right now to pay rent and utilities? Do you have a job? Are you on unemployment? Is there any "constant" income in the future. If the answer is No. Then aside from perhaps a 308.. don't buy a Ferrari.

A Ferrari is cheap to buy and expensive to maintain. EVEN IF YOU DO YOUR OWN WRENCHING! I do alot of my own work on my car. I enjoy it. But a Ferrari is not cheap to maintain at all compared to any Honda, VW, Toyota, even Porsche and Mercedes.. Parts are very spensive'

In general as well the more "impressive" Ferrari's are more expensive. The 308 is really cool and really classic. But to get beyond the magnum PI factor, you've got to pay to play.

If you're asking if you can buy a 348 without a major for $35,000, do the major yourself, drive it for a few years and put 10k miles on it and then sell it for $38,000. No.
It doesn't work that way. Will you be able to minimize your loss and not loose half? Sure. But to make money and buy a modern ferrari. I seriously doubt it. The closest "investment" Ferrari I can think of is the 512bb. And that will set you back six figures. Can you do a belt service on a 348 or 355 or Testarossa? Sure you could. But the expertise to do it right.. that is what you pay for. Two things that I won't be doing on mine are timing belts and clutch. Expertise prevents valve meet piston and separate engine and transmission clutch.

If you really want a testarossa, then get the testarossa. Read the stickies on the threads here. Download the manuals. Search should reveal both these answers.

$20-50k for a ferrari to be sold at a later date for more money.. everyone wants that. Very few get it. I want a sure fire equity that will quadruple in 3 years time with a 10% Dividend that has no risk. I don't see any out there.

Good luck with your search.

 

I was that low paying job 20 something year old with my head in the clouds. I now am turning 37 in a few weeks with a hot as balls fiancé who is ten years my junior with a black 348 in my garage I just got a week ago. And my own small business on the weekends and a regular job during the week. I am half blue collar and half white collar.
You not only come across as arrogant but obviously uneducated about ferraris. Actually uneducated is probably not the correct word. Ignorant would be more appropriate.
Investment? Are you kidding me? You want an investment you can turnaround in three years buy $30,000 worth of Air Jordan's and resell them on eBay.
Or anything else semi limited that the normal guy wants.
Seriously a Ferrari is not for you at all. You have to have passion for something... Your looking for something you can look good in then resell later at a profit. No passion in that at all.
Must thank you for coming on the board and insulting probably half of us. Find something you give a crap about that you actually want for what it is, not for what you "think" it will do for you.

 

you want an investment? - go buy a painting![/QUOTE]
I love this one!

 

If you want investment, go buy a mint 1991 NSX, an M5 E28, a 964 Turbo 3.6 or cars like that instead. But if you drive them and maintain them properly, your spendings will likely be bigger than the increase of value over time.

Just buy a Ferrari within your budget + 20.000 as a buffer on the side for potential surprise repairs, and enjoy life.

End of thread.

 

Oh my...

So what I gather is that you have received X amount of funds from inheritance or something of that matter, and to use those assets to buy a used car as a status symbol at your high school reunion ... if you need it that bad just rent one for the evening and leave it to that. And enjoy the feeling of being a complete tool for 48 hours.

Every person has dreams, and dreams are what drive people to accomplish goals they set in life. Stomping on peoples aspirations is foolish.

 

I'm pretty sure that it is a fancy way of saying "unemployed at the moment, but I have aspirations". Regardless, I never like using the word "car" and "investment" in the same sentence. Yes it's possible, but it's unlikely. Also, the few times it actually turns out to be an investment, your money would be way better off invested elsewhere most of those times.

To the OP, you may want to stick to some very specific questions (logical ones) and you will get a better response than trying to place us in your shoes with your mindset, and have us try to make your decisions. That's just too complicated, keep it simple, and most of us will genuinely try to help out. Good luck with whatever you decide to do. Everyones situation is different, and you are the only one that can answer what is right for you. When you buy these cars, you have to expect to lose a lot of money. Between loss of value, maintenance and repairs, insurance, etc.

 

Generally speaking, over $100K for investment grade. Everything else is cheaper to buy but can cost purchase price over two years of driving until it's fully sorted. It's not the labor that gets you. Parts prices are high.

Read more sections. Your comment that we likely don't work on our cars but you can is highly insulting. I can't afford to have all the maintenace done to my car I do most of my own myself. Many people here work on their own cars. Many here are first and foremost car enthusiasts. I also like motorcycles and work on my own motorcycle as I don't have the income to send it to the shop.

 

Investment Ferrari's are not new, and they dont start in the $50K range... more like $500K and up. and were most likey built before 1969 or are limited edition super cars.

 

this. add a 964 RS America to that list

of his list/constraints I think a 308 or 328 GTB might work, just don't expect to retire on the profits.

 

hahahahahahaha!!! Good one Chas



Jedi

 

Wow,impessive crash and burn intro....LOL

IMO, to get an investment grade Ferrari,you have to be ready to pony up $200k (Dino) at least.

OTOH, there are a few cars in the $100k to $150k area that would be buy and hold type cars, that will retain value now and start going up in 3-5 years. Ready?

Ferrari Boxer
Ford GT
Porsche 3.6 Turbo
Porsche 993TT (20k mile examples only)
Any 365 2+2
Lamborghini Diablo 6.0
Lamborghini Diablo roadster
Ferrari CS
Ferrari 575 manual transmission

 

I'd reccomend a 250 GTO. They are good drivers and will probably
appreciate.

 

or a 250 Testa rossa or Ferrari P3/4.....I bet they will go up at least a couple grand this year.

 

Another "D" bag...you don't buy a Ferrari to impress your friends at your high school reunion. You buy a Ferrari to drive...

 

The cheapest way you can do this is to buy a brand new 458 Spider at MSRP. Figure $350k. You can drive it for a year and sell it for what you paid...maybe even more.

But then you would no longer get an allocation from your local Ferrari dealer.

Want a car that you can drive that won't decline in value??? Start with the F40 ($400k+), or a 288GTO ($600k+), and F50 (750k+), or an Enzo at $1.1mm+.

Nobody buys an $90,000 Ferrari and watches it appreciate in value.

Sorry dude...this is real life. And yes, I own a 355.

 

The days of flipping 458's are over as many who are trying to return theirs to dealers against 458 Spyders are learning.

 

Ferrari just make too many cars for the "ordinary" cars to be appreciable in the short term. if you hold a 458 for 40 years... probabbly appreciate a bit...who knows. I still remember my dad telling me that Ed Huges had a 250 GTO for $5800 back in 1965 for sale... and my dad thought it was too much for a used Ferrari.....

 

I wonder if the declining numbers of 308/328s will bring up their value over the long term? They are the cheapest to get into, and easiest to sell to customers who don't really have the patience or pockets for upkeep. Over time, the base of vehicles will be reduced significantly. Not enough to create a "less than 100" situation, but enough to make them truly rare, I would guess.

 

Aahem,er chaps,the originator of this and several other thread starters has suspiciously gone quiet.
Do you(collectively)think he may have had the frighteners put upon him by a number of us who have questioned his integrity?

Not trying to make anything out of this...just a thought.