How did you fund your first/most recent Ferrari purchase? | FerrariChat
Buy

How did you fund your first/most recent Ferrari purchase?

Discussion in 'Ferrari Discussion (not model specific)' started by 96redLT4, Feb 22, 2020.

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

  1. 96redLT4

    96redLT4 Formula Junior

    Feb 20, 2009
    526
    California
    Full Name:
    Jim
    #1 96redLT4, Feb 22, 2020
    Thought this might be a fun topic. Slow savings over time? Sale of a property? Unexpected work bonus? Inheritance from dear old uncle Charlie? Did you buy over time or lease? I personally feel like I should buy a car like this for cash so if I drop dead tomorrow my wife and kids won't inherit a $3K/mth car payment and a shiny red car they can't get rid of. I figure maybe I should sell my stake in GoPro, Newell Rubbermaid and every other crummy investment I have made over the yrs and turn them into something good! Of course with the price of a late model F car, I may have to sell a winner or two as well.
     
  2. tomc

    tomc Two Time F1 World Champ

    Apr 13, 2014
    26,056
    DFW, Texas
    Full Name:
    Tom C
    #2 tomc, Feb 22, 2020
    Put aside a little fun money every month while I studied up. Finally, my wife saw an F-car she really liked; told me to get off my a$$ and buy it! So, we did. Cash. Coming up on 4 years. If your finances are in order, go for it...T
     
    omdehoek likes this.
  3. EastMemphis

    EastMemphis Formula 3
    Owner Silver Subscribed

    May 25, 2019
    1,898
    Memphis, TN
    Full Name:
    John
    #3 EastMemphis, Feb 22, 2020
    colorfull, Innovativethinker, anunakki and 1 other person like this.
  4. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,573
    #4 Shark01, Feb 24, 2020
    I’m the classic slow saver type, and I want to pay cash for cars, toy or not. Took me 9 years to buy my Lamborghini Diablo Roadster, and just last week finished a 6 year cycle and bought a 2005 Ford GT. On to the next fund now.....
     
    SingleClutch likes this.
  5. Canuck550

    Canuck550 Formula Junior

    Sep 8, 2015
    462
    Incognito
    Full Name:
    RJA
    #5 Canuck550, Feb 24, 2020
    Sold a couple Pateks to fund my purchase
    Collecting for 30 plus years, whether a Patek or a Timex is on my wrist its all the same
    I chose to live through many life experiences
    :)
     
    Wikdstrate and Red 27 like this.
  6. Zanny1

    Zanny1 Formula 3
    Silver Subscribed

    Dec 19, 2003
    1,177
    Arizona
    Full Name:
    Mike
    #6 Zanny1, Feb 24, 2020
    Rebuilt a 1958 corvette barn find in 1984. Sold it and bought a beater 308GT4 Dino in 1985. Fixed that up over a period of 2 years and bought a beater 1981 308 GTBi. A real POS but the money was right. Fixed that one and sold it in 1989. Then a 330 GT, 365 GTC/4 and 250 GTE. Didn't own a really nice car until buying my '99 Modena in 2015. I still have the Modena. And I don't fix up Ferraris any more.
     
    colorfull and BT like this.
  7. 3POINT8

    3POINT8 F1 Veteran
    Silver Subscribed

    Jan 23, 2014
    5,461
    #7 3POINT8, Feb 24, 2020
    put a little away every month
     
    unreelviper likes this.
  8. REMIX

    REMIX Two Time F1 World Champ

    May 25, 2005
    21,133
    Jacksonville & Sarasota
    #8 REMIX, Feb 24, 2020
    I love it and it's so simple, too. Nothing fancy, your post is really inspiring.
     
    EastMemphis likes this.
  9. Parnelli

    Parnelli Formula 3

    Aug 30, 2013
    1,003
    Milwaukee, WI
    Full Name:
    Greg P
    #9 Parnelli, Feb 24, 2020
    Just like the old Smith Barney commercials used to say:

    “ I made the money the old-fashioned way… I earned it“ :)
     
  10. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,616
    Charleston, SC
    Full Name:
    Curt
    #10 vrsurgeon, Feb 24, 2020
    SingleClutch likes this.
  11. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,573
    #11 Shark01, Feb 25, 2020
    LOL.....you wish
     
  12. 19633500GT

    19633500GT F1 World Champ
    Rossa Subscribed

    Nov 9, 2010
    13,210
    Blueberry
    Full Name:
    Muffin-Tops
    #12 19633500GT, Feb 25, 2020
    I offered the guy $10K because that’s all I had

    my wife was assured he wouldn’t accept

    he did

    so, as they say....

    it was funded with my commission from selling a 330 GTC and selling my Fiat Dino

    Image Unavailable, Please Login
     
  13. Innovativethinker

    Innovativethinker F1 World Champ
    Silver Subscribed

    Aug 8, 2009
    10,118
    So Cal
    Full Name:
    Mark Smith
    #13 Innovativethinker, Feb 25, 2020
    Poker winnings.
     
  14. Raydog9379

    Raydog9379 Karting

    Jan 10, 2018
    131
    Full Name:
    Ray
    #14 Raydog9379, Feb 27, 2020
    I save $200/wk into mutual funds. I started 2 years ago right after visiting friends (former Au Pair's family) that live on a farm about a mile from the factory. They knew some people, so I got to drive a brand new CaliT HS. Then we took up her family's plane and flew over the Fiorano track and factory, was gorgeous. I was hooked.

    Any event, as my youngest was no longer needing daycare a few months later...I started socking it away automatically each week. If the market could stop taking a dump over the Coronavirus, I'd be able to buy it sooner. I figure I've got about 7-8 more years and I'll be driving mine. Just need to figure out whether I buy a couple year old one and pay it off or spec a new one and take the rest out in a loan.
     

Share This Page