How much rich to be able to buy a 458

Too low IMO... I'd say no more than 1% max.

For a Honda Civic though, 975% of net worth

The average person has a net worth that is actually negative and, unless they live inside a city which they likely cant afford to, has a choice of either financing a car that is probably almost a full year of their net salary, or trying to keep an old POS on the road by pouring money into it.

It's sort of surreal to see the disparity. Guys buying new Ferraris, who all arguably make $500k/yr at a minimum, argue over whether or not it is "correct" to dare take a loan to buy one, and how much of a fraction of your *liquid* net worth the entire value of the car should be! LOL

I think somewhere in between "took a second mortgage on the condo to buy it and parallel park since i dont have a spot yet" and "1 BEEEEEEEELION dollars... but CASH and BEARER BONDS *ONLY* (no BS cheating like Trump who only has a few hundred million in NON LIQUID assets!)" lies the "right" answer

Anyone whose lifestyle and finances actually fit the Ferrari new car demographic well enough is already fully aware of this fact and doesnt need to come to a random forum to ask "how much rich USD MMs to buy 458?!!????! "

 

Only on FChat can you say this with a straight face.....

 

Yes it's a ridiculous thread. Yes the OP is just being a silly troll (and it worked). That said, if you want statistical data I read two articles about Ferrari buyer demographics. The more recent one said the average buyer of brand new Ferrari's is 46 years old, has an annual income of over $1MM and a net worth of $10MM. Another article (old article from 2005) said about half those figures ($600K annual and $5MM net worth). Keep in mind "average."

 

i have been reading this thread since the first post.
after giving the issue considerable thought, i have come up with the answer the op requested.
it is now time to close down this thread.
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I believe you forgot to carry the 1

😀

 

Why do people feel the need to report their supposed net worth, income, investments, house, pets, etc in an attempt to have their ego stroked by everyone chiming in "you can do it". Do it, or don't do it. Making decisions based on the vote of people you have never met? Please. When you have wheel time and something to contribute, come back. Till then, stop wasting time and space here.

 

Looks more like quantum mechanics.

 

$31M net worth minimum. Tough luck.

 

This I agree with.

 

Such a dumb question to which there is no answer and if you have half a brain you know if you can afford one or not, ypu dont need others to chime in. If you want advice ask your accountant.

 

I own a 355 and it cost me 30% of my net, Im going to buy a 430 next year cash.
This means I have to go back overseas to the mid-east for 1 more year
The only way Im gonna have 30 mill is hitting the Lotto...hahaha

 

You don't need to be a multi-millionaire to have one. My assets are a $1MM apartment, a $50k Mercedes-Benz, a $200k 360 Modena and approximately $300k in cash on the bank account and I find it quitely adequate (single, no children). After reading this topic i think i should rethink my finances lol

*These are the prices in my country, way more expensive to afford an F-Car than anywhere else =/

 

I make around 240k yearly. Down payment around 100k (some years of saving). If you want you can ask me. I remember when I saw the 355 for the first time in my life. Since that moment I wanted a Ferrari and it became one of my goals and as the year passed, you get more mature about things in life economically, I even considered not buying one and just having some other nice things but that changed ,now I have one and would be proud to give you my advice. I guess that is what happens with alot of car enthusiasts. It's not a good decision in financial aspect for some of us but if you enjoy it and got money LEFT for it, go for it in my opinion.

 

Could you post a link? I would like to read that.

 

Lol

 

Guess I need to sell mine! If I made this average buyer salary, I would have another one or two sitting in the garage. At least I am the right age.

 

Same here....no 7 figure income now or ever probably.....

 

One of the ways you can afford a 458 is to eat at gormet places like this.

Be sure to get the Extra Value Meal card where after five Extra Value Meals the 6th one is FREE! You'll be behind the wheel of a 458 in no time just like I did.
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+1

 

This retired truck driver's head is spinning over some of the responses posted to define pragmatic Ferrari ownership. I cashed into a 1984 308QV in 1988. A 1995 F355 Spider in 2006. Have had some pretty nice cars and HAVE ALWAYS gotten whatever popped into my head. Not always that easy at my income level. Right now, a Giallo 458 Spider would be the dream. Sell my house, cash into a nice but cheaper condo, and cash into that 458 Spider. Not gonna' happen. Like my house and love my 355. But I could do it. But after reading some of these responses, I'm going to risk exposing myself as a practitioner of "reverse snobbery." Who is the real Ferrari enthusiast? The individual who takes risks and makes sacrifices to own one or the individual who throws his stock portfolio or trust at one? Makes me glad I decline invitations to attend dealer events where some of these less than gracious owners might be present.

 

Does it dignify this ridiculous thread to call it ridiculous?

 

Very interesting perspective. Thanks for posting.

 

At first I felt the OP did not warrant a response but then so many nice posters responded so I thought I would give you my 2 cents, which is what I have.

There is passion and then there is fashion. If you can separate the two then you know your answer regarding affordability. If you are passionate then you will figure out how to make the right sacrifices to get what you want.

Trying to explain to my wife how I could spend 38k on a pair of speaker cables is still a tough one but I could not stop until I got to the top - like Ferrari.

Ok now to Top Pots for my free doughnut, sacrifices sacrifices

 

^38K on speaker cables?

and I thought my Sunfire amp was expensive

 

could be justin beaver then(spelling mistake made on purpose).