Absolutely, using the portfolio alongside asset based lending at a much lower rate than a conventional auto loan finance rate. As others have said, no need to cash out of investments for a car/boat/whatever.
re: low mileage there's lots of good reasons why cars don't get driven, you can be travelling for months on holiday or business etc etc i've had it where I didn't drive a single car for months!
Here is a list of 296 GTBs for sale in the US. All over MSRP. https://www.dupontregistry.com/autos/results/ferrari/296--gtb?utm_source=email&utm_medium=Newsletter&utm_campaign=Popular%20Cars%20091123%20%2801HA306ZV5DJ1W8DNJNA69J3NY%29&_kx=KA_V1szGKJ7KZfSdzPrCXZULrQlUO4iEELbBIbK2-27UvlmJia_-c4Y9U0dfZ2gn.TCYWLT
Ya the car is fetching a lot. I really think exterior carbon might be necessary. From seeing the listing pics. It looks flat without it. I’m also getting a price a the plastic parts painted shiny black.
You can get exact 1:1 CF wrap for the plastic parts and then cover it with PPF. The problem with the OEM CF is that its fragile. Even with PPF. A tiny rock does big damage.
$100k over is not unusual when looking back over the years with 575, 599, F12, F8, SF90, etc. If you want to play you have to pay.
The Porsche boys who paid over sticker are going to lose big time when the market turns. Ferrari over Porsche any day, but that said, no car is immune from market forces. I just prefer the Horse.
Milton freeman asset prices rip and of inflationary cycles. The cars are all a ripoff i bought a 2011 gt3rs for 120k in 2008. Prices go up and down. A car is not an investment most of the time. Especially a car you can easily order
Look at the list and you will see so many dealer mule cars with nothing more than delivery/transport miles. Very basic specs that can be flipped easily. These are just what's being advertised, many of the 296 cars up for sale aren't publicized.
$500k for a 296gtb is wild. What's the average msrp for a 296gtb? Is ferrari limiting prod or making as much as they can?
Base price is 338k (with destination). Average msrp is 400-450 for decently optioned. 100-150k over msrp is pretty typically for new model Ferraris.
About $400k with decent options. Interesting that 599's between 2007-2010 with nice options were $350k. I'd say that the 296 is a better value for our depreciated dollars today, than earlier cars.
Yea good question. Maybe with the Purosangue production will cause them to make less 296's ??? I'd love to see a chart of how many 296's built vs F8's, 488's, 458's, 430's, 360's, etc. Not sure how much they've built up at the factory.
