I can't say this any better! This is why I drive my exotics, put miles on them and don't care. From an "investment " point of view is a Testarossa or any other exotic really that good? I would say absolutely not! As mentioned, once you factor in the extremely high maintenance costs and depreciation on miles driven, you'll end up losing or best break even. That said, if you factor in that you can keep the car a very long time and it's always cool to drive, you end up saving from changing cars. Because a Testarossa and in my case my Murcielago Roadster are older, they hold their value pretty well compared to newer exotics....458 /Aventador . So, while you won't make anything, you definitely won't lose much money. Shamile Freeze....Miami Vice! Sent from my SM-G950U using Tapatalk
I totally agree with everything you said. I have been slowly putting miles on my car instead of letting it sit in the garage. I do feel like in 10 years these cars will be worth substantially more but it won’t be enough money to mean much. Example: Even if my car doubles in value if I keep the mileage low that extra increase in gain won’t make that much of a difference in my overall net worth. I don’t need the 200k let’s say for retirement at this point. What I do need is to enjoy life to the fullest! This car helps me do that. I’m glad to hear you always followed that philosophy. I realize I’m keeping my car until I die so who cares. This is the only car I have truly loved this much. Your a wise man. I always like to learn from everyone so thanks for your outlook as well.
Indeed Shamile: Is a Testarossa or any other exotic really that good as investment ? Absolutely not! But sheer FUN ? YES !
Absolutely fun! ...and I'll say it again why l like the older exotics....you can still work on them. Even my 06 Murcielago Roadster has to go into the dealership to plug into the computer every single time. For me, it's not just driving them or showing them, but working on them...yes, frustrating sometimes but with the help of this forum it makes it fun. There's nothing more satisfying than solving a problem yourself. Shamile Freeze....Miami Vice! Sent from my SM-G950U using FerrariChat.com mobile app
That is absolutely true 3/4 years from now the 458 will top be 90-100k just like the 430... what a car though. The biggest loss though has to be the lusso and ff... a good buy used though Sent from my iPhone using Tapatalk
i dont know about that - 2010 458s are hanging in 150k+ and theyre almost 10 years old. clean 430s are above 100k and theyre 15 years old.
That’s true but one with say 20k miles u do find plenty in the 100k range... the 458 is also very reliable I have seen many with above 40k miles. Great car! Sent from my iPhone using Tapatalk
If someone is looking to buy a 512tr or testarossa right now pm me as I have a good idea of how to negotiate the best deal. There’s enough inventory right now that you can use this technique fairly easily.
These don't mean a whole lot. I can post a 30k car for sale and have a friend bid it up to 130k and win it. Happens all the time. Car never really sells but stages it for later.
That is what a reserve price is for Otherwise BAT makes commission out of nothing Sent from my iPhone using Tapatalk
No if the car is sold, then it is 5% up to 100k (the bidders credit card is charged) That would be very expensive to pay 5% to a friend everytime the car is “sold” Sent from my iPhone using Tapatalk
They could, but BAT would fight the transaction as valid and eventually win, A chargeback is a PITA thing to deal for a merchant but at the end the card will honor the transaction if it indeed happened. All this trickery could be avoided with a reserve price. It WILL set a precedent for the future but BAT knows these tricks so they have this rules: “How do reserves work? A reserve is the minimum price that a vehicle will sell for. We work with sellers to set reasonable reserves, and avoid vehicles with reserves that are not realistic. Reserve values are not shown on the listing, nor do we announce when reserves have been met (we think that leads to bidding games). Can I relist my car if it doesn’t sell? Generally speaking we don’t like to re-list a vehicle if it doesn’t sell. A listing tends to have the most interest when it is fresh to market.” Sent from my iPhone using Tapatalk
I understand your point now, I am not sure how Auction houses treat the transaction if the buyer decides not to go through with it. It is a binding contract I guess. How Credit card companies will see it, my guess is the sale through their platform did happened even if the buyer gets cold feet. Maybe anyone could enlighten us Sent from my iPhone using Tapatalk
There is a 6-speed gallardo listed on BaT for sale right now, and in the description, it says it is being listed again because the previous buyer backed out, and that the buyer was still charged the transaction fee and banned from using BaT in the future. No idea if they tried fighting it with the credit card company or not, but I am sure they have a solid contract and I would hope the buyer can’t easily dispute the charge.
I've seen this done. I wonder if they go through the hassle of changing the title so it corroborates with the Carfax report as an added layer of deceit.
Ferrari of Seattle just took a black on black 1992 Ferrari 512tr on consignment. 44k miles asking 149k. Jason (salesperson) says the overall appearance is very nice. Supposedly had all records and is showing it’s a one owner car, that would have to be verified. Carfax is indicating one owner. I don’t feel like that is a bad price. I know the mileage is high but could possibly make a great regular driver car without worries. FYI
That 512 is looking good- has some miles but presents well ; too bad it’s not in the 30k mile range. That black looks nice. Sent from my iPhone using Tapatalk
I knew once more and more cars come up for sale Someone out of the bunch truly wants to sell now and will aggressively price their car. It’s a good step in the right direction. Now it needs to sell quickly to send a message to the other sellers in my opinion.
