Do you still own your 296?

“if my aunt had balls she’d be my uncle”

 

Well you don’t say……

I wish I could palm face emoji. No one likes depreciation on a purchase, but it’s a fact we must accept to varying degrees over the course of time.

 

I accept the depreciation. And the cost of owning cars impacts my ability to collect them. Not everyone has unlimited funds.

As it is I consider myself very blessed to own the cars I have.

 

Amen, I feel the same way.

 

I’m with Jo though, more owners reviews! We can never have to many of those. Write up owners reviews of 360 Modena’s, it doesn’t matter!

 

17,000km's and going strong. Will probably sell if I get a VS.

 

Agree. Holding a bunch of cars - or any car - which suffers very heavy depreciation isn’t wise. If you look at all the serious collectors they only take cars on like this as stepping stones but they dont stay in the collection long. The thing is there are just so many great cars available today there’s no need to take on bad property unless there’s a stepping stone involved which provides a recovery. Its not a matter of how well the car may drive as there is always something else which drives better that doesn’t lose you a $h.t ton of money in the process.

 

What a load of BS. Please explain why it is not wise? If that is your hobby and passion what difference does it make? The ONLY reason it’s not wise is if you can’t afford it or are playing outside of your means.

let’s say a person is comfortable spending $1 million to have cars. Maybe that’s one car or maybe it’s 3. Their purpose of spending that much is to enjoy them. That’s the costs they allocate to their hobby. They are not buying these types of cars with the expectation of earning money on the $1 million (clearly that could put the money in the stock market or even a simple interest bearing account and have more money than they started). They are comfortable in spending that money for the enjoyment, regardless of what they get in return.

I know the last thing I am looking at when I buy these cars is how much I will potentially get back when I sell it. In my mind when I spent 400k on the 296 I figured that money is gone. Out of my checking account and into Ferraris account. I enjoy the car and when I sell it I get back whatever I get back. It makes no difference to me and isn’t going to change my life one bit. If lose the entire 400k nothing in my life will change. Will I be annoyed, sure will I stop buying the next car, absolutely not.

Let’s assume someone likes gambling and they allocate the same $1 million for their yearly budget. That person is comfortable in losing it all, losing some of it or breaking even. That’s the money they put to their hobby/ passion. To you, if you don’t have the financial means, that may be the dumbest decision ever. To them it may be insignificant as they may be earning that much in interest in a year.

You are 100% wrong about serious collectors. They could care less about depreciation. In fact with the money they spend on insurance, storage, maintenance, etc it is a money pit. They aren’t collecting cars to make money, they are collecting to break even, they collect as they have a passion for it. Maybe 10% of their cars will appreciate but 90% they will lose a ton.

If you buy a 296 for 400k and sell it in a year for 300k, you lost 25%. If you buy a Tesla Model S for $100k and sell it is a year it’s maybe worth 75k. Guess what, the same 25%. How about a Honda, if you bought one for 40k and sold it for 30k you lost the same 25%. Are you going on those forums and telling people how horrible their car is because it depreciates? Are you saying that buying a Honda is not wise. You are a broken record. Most every single car depreciates. Some faster than others.

Since you are so wise on the subject please list the cars that are so great that don’t lose a ton. (Also please exclude the 3 years of Covid when every car went up). What’s on your current list of cars to buy today? what’s on your list of cars that should have been bought from 2015-2020. Also please make sure to include what cars you had to buy, and lose money on, in order to be eligible to buy those cars? (For example you weren’t walking into a dealership and buying a Speciale or a Pista with a history of buying cars you lost money on). Also remove the GT3 and GT3RS from your list. (I can tell you as a prior owner of a 765lt that in order for me to get one I had to have a long history of buying McLarens. I lost more money of my prior McLarens than I did on the profit I made on the 765lt. In fact I lost more money on the prior ones than the 765lt cost me in whole. While the 765 may have been a wise and great investment, what it took me to get it was a horrible, money losing investment. Sure maybe there were exceptions and someone bought it without a long buying history, but that was the exception and not the rule).

 

Too funny. Too much to unpack here...plus you are far too emotional over nothing, so by my even trying to unpack your comments will definitely only make you worse. Have a great Christmas and try to relax.

 

That’s hysterical as I have zero emotion when it comes to this. I honestly don’t care how much my cars are worth when I sell them. That’s not why I buy them. I’ve literally lost well in excess of 7 figures buying/selling cars over the years. And, I continue to keep buying/selling.

However it appears that it makes you feel better to constantly post the same thing. So to keep your insecurity levels normal, keep posting away.

 

Btw, please provide us the list of cars that are worth buying. We will all anxiously wait.

 

Hard for me to follow as I hit ignore on the troll a bit again but I’d suggest you do the same. The place is much more enjoyable this way!

 

I was actually going to do that. Trying to take time to explain to someone a counter view and you get a response back that “too much to unpack” just shows that I might as well have a conversation with my yellow lab.

 

This thread is actually quite interesting. The 296 ownership experience seems overwhelmingly positive, at least on the FChat echo chamber. It’s clear that owners enjoy the car and that’s what matters most.

Selfishly, I wish Ferrari would have made a car that I can fit into. Of course, I know why they didn’t, the weight required to make the cabin the same size as the Pista would have adversely affected the performance/handing/driving experience. Nonetheless, it sucks for me. The 2nd order effect is that I can no longer attend Corsa Pilota events.

It’s weird to think that I owned a Performante/STO for 5.5 years combined, and found them comparatively comfortable relative to the 296.

 

Right now I believe a Huracan Performante would be a good choice and I'm looking to get one. Not as an investment but I love the car. Upside would be I see very little depreciation down the road. I look at the Perf as the VS version of the Huracan much like 458 > Speciale and 488 > Pista - you get the idea. I've had two Huracan's (580-2, EVO AWD) already and I miss them.

 

Ya, I can’t see anyway you could fit comfortably in the car. I’m getting better at squeezing in and finding my preferred position, however.

 

That’s a good option!!! I guess I should have clarified with new vs used with my question. There are lots of used cars that are good buys and you won’t lose a ton one. For that matter, most any used car is a better buy as someone else already took the depreciation hit.

 

It’s not easy, but if you want something bad enough, you find a way to make it work.

 

That’s a great line. I’m not sure it’s applicable here. I have lost plenty of money on car ownership and received much pleasure and enjoyment. Simply, the less it costs me the more I can afford to play. Just math.

 

@mkraft3003 as per usual my man, very cohesive and well thought out posts. I agree wholeheartedly. Starbucks coffees, video games, onlyfans accounts, cigarettes blah blah, blah, the list can go on incessantly. Someone’s hobby or vice is the epitome of a stupid decision to another person. Who cares. We love cars, buy it for the experience and not an investment. Like 4 cars have beat the stock market in history.

@Jo Sta7 still reaching for the 296 keys over the 765? It must be quite the car my man. Any news to report on it?

@Thecadster youre quite a large fella then, huh? Keeping the STO/perf for longer or are you itching to get into something new?

Merry Christmas gentlemen and happy holidays

 

We no longer have our 296GTS and it is missed. We loved the car, but we had other Ferraris coming and I have limited garage space (and finances). The 296GTS was replaced in April 2024 after a little more than 2100 miles of use in six months. It was an amazing, versatile car—we put the front trunk to good use at the grocery store and it also saw track time at the Circuit of the Americas. I am really looking forward to what the upcoming VS will have to offer above the “base” 296 and it will be driven as often and in as many environments as we drive everything we own.
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At 6’6” 255lbs, I am the resident FChat “big guy”. I moved off the Performante when I got the STO, and then moved off the STO several years ago. I rearranged my garage and I ended up with a 2005 Ford GT, Pista, 812 GTS, Icon FJ40, 992 GT3 Touring Manual, and 992 GT3 RS. I have a 12C Coupe and Aston Martin Vanquish inbound sometime late spring 2025. All of those cars fit me, some better than others. Not sure what comes next. I know it’s a strange assortment of cars, but I love each one, and they are all very different experiences.

 

You also have the reliability of a long time proven Audi V10 that has been re tuned by Lamborghini to delivery a little more of the ever present Lamborghini rawness

 

This is a common misconception about the Huracan. Engine was originally designed/developed by Lamborghini and was later reworked and developed jointly with Audi AG in the 5.2 version. Current engine traces its roots back to the 5.0 V10 used in the Gallardo. The 5.0 liter traces its roots further back to the 3.9 V10 which was first developed by Lamborghini in 1988. It's a Lambo engine not the other way around.

 

At the outset let me say I am not bagging the link between L and A cars .

In 1998 when A aquired L a new V 10 was developed by L as a 5 litre .It is different to previous engines and the internal specs unique . The block and the crankcase were manufactured by A and engine assembly by L .

The later 5.2 litre engine changed things. The 5.2litre L block and the A block and crank case are identical , there are many references to back this including Audi’s fuel stratified injection and 90mm cylinder spacing.

The larger combined team produced reliability not seen before that put L on a different trajectory including profitability by using homogenous elements.