Gosh significant mileage indeed. It's done nearly 400 miles A YEAR! Unbelievable. Who would have thought it possible. Extraordinary. Such a mile muncher! I jest (clearly), but sometimes it does make ones eyes do a comedic roll when you read facts like this. Clearly, it matters enough to some people... As for the ultra low mileage cars like the one which is the subject of this thread - they have clearly been bought as investments (IMHO). What sort of return did the owner see net of all expenses after staying vested for 20+ years?
mine has 12k miles. that is not much for a 1990 car imo. BUT in the f40 world it is considered high mileage. i cannot imagine putting too many miles on it in a year. it is NOT a grocery getter. it is not a car to drive in anything other than a dry day if you have the choice. despite all of the marvelous aspects of it, it is hot, uncomfortable, loud, jarring, pia to drive around town, etc etc. so, my 12k, and the other one with 9k, seem normal to me, and the kind of mileage i would expect from a rational person.
Mine has 35,000 kms AND the original turbos.... I know of several with in excess of 50,000 and of one that had, the last time I looked, just shy of 130,000 kms. Bless the owner! He claims that it is a trouble free car.... If you were buying a 250 SWB or a GTO, would mileage enter the equation? Of course not, unless it was so low that you knew trouble was on its way....
well done! i hope to continue putting mileage on mine too. it will just be in 1-2k/year increments. still cant understand owning one that never leaves the garage at all !! basically if it was not going to be used, it should be mounted on the wall, or be put under glass in the living room, or some other such radical display alternative.
No, I think nowadays with the passage of time that is considered average miles. At 12k, it is now just fully run-in as Bob will tell you. A couple of USA cars have 48,000 and 74,000 respectively as I know them, and I am aware of one even higher.
i'm curious learn more about the LMs you post about i always presumed that all LM, being track intentioned cars, would be neither euro nor US specification, by virtue of not needing to be for track use were these customer cars, ordered to LM spec, but for US customs reasons built with the US specs? what was the purpose of them being US spec if track-intended cars? perhaps just so they could be legally registered in US?
Car 212 - 97881 Car 213 - 97893 These are proper in-the-period Ferrari/Michelotto LMs, the real deal, well-known track cars, purpose-built and not conversions. They are not road-legal in any way, shape or form. They are racing cars. How they ended up on the USA F40 list is a matter that involved influence with the right people. And if I say any more I'm probably saying too much!
As most of us have been told, you buy a car because you want to enjoy it, whether that is driving it or just looking at it. But how has the F40 done as an investment? Some quick and dirty calculations: Assumptions - (may be off some so input welcome!) Prices: solid example with about 10K miles 1992 $400,000 (MSRP if you were so lucky, most traded far above that new) 2007 $650,000 (prices had dropped well under MSRP and then peaked about 2007) 2009 $425,000 (financial crisis) 2012 $525,000 Dow beginning of year 1992 3168 2007 12459 2009 8772 2012 12221 Net returns factored in about $9k per year for maintenance, registration, insurance and taxes based on recent numbers. These were used across the board so would have penalized earlier years. Anyway it's back of the envelope so let's look at some of the better scenarios. F40 Returns vs Dow Returns: 1992-2007 1.2% vs 9.6% 1992-2012 -0.8% vs 7.0% 2009-2012 5.4% vs 11.7% In other words, if you bought a 1992 F40 new for $400k, 20 years later you would be in the hole about $90k. If you had invested in the market, that $400K is worth about $1.5M. If you timed the market and picked up an F40 in 2009 during the crisis, you would be doing OK now but stock returns would have been 2x that. So we are full circle. Buy because you love the car - driving the car for "free" or making some "investment" return would just be icing. The real return is the smile it puts on your face. I want one!
Joe did you ever learn anything about the F40 'ecologico' model? Spoken of by a FNA guy who had worked on the original F40 program at the factory... CH
Boardwalk yes. And regard to the mid 2000s build, yep, it exists. But can't say anything other than that
If I drive a car for 10 years and sell it for 80% of what I paid for it, I'm very happy! If my investments did that, I'm not very happy.
Yep. Makes no sense otherwise. Don't drive an F40 for 25 years and make $300K? Some $1M homes in 1988 are $10M+ now.
