296 VS

Thanks, you said it better than I did.

 

I think everyone is being a little over zealous about the "there might be something else comment." It would be unprecedented for Ferrari. They have never done anything like that before besides a true XX car. And as Lagunae mentions above, we are due for the next version of the 296 sooner than later although nothing has been seen testing yet around Maranello. Maybe the days of that are over with the new small track that opened, but I doubt it. Who knows!

 

Whenever people get greedy and think, I won't buy a 296 Speciale coupe, if anything, only the Aperta, because there will be a 296 XX anyway, things turn out the other way around. Ferrari knows its buyers, and when Ferrari sees that people are only waiting for the 296 XX, they will do the exact opposite. If buyers know more than Ferrari, things will turn out differently.

 

This is obviously going to be a great road car, coupe or aperta. I'm not counting on another version....

 

You can rest assured that unless you are a VIP with Ferrari, you won't be able to buy whatever may come after VS unless you already possess said VS.

 

Maybe if you own the new NFT...

 

day355 said it will be normal range no idea if he means not limited. But it would be exciting to see what the demand would be if Ferrari brought out a 296 Track version, not a hybrid with 1000 kg of downforce and 750 hp at 1250 kg. Not limited and a base price of $500,000. Because everyone is screaming we don't want a hybrid, Laferrari has a hybrid too and nobody there cares, as you can see from the prices. In the end most customers just want to make money, it doesn't work they complain. Apart from the point about the sound, it's a real problem at Ferrari, especially with the F80 and 849 Testarossa, but the 296 Speciale sounds fantastic.

 

Make your money elsewhere and enjoy your cars. Use leveraged EFT's and play that game rather than betting on cars Cars are for enjoying!!!

 

I for one want the hybrid, It's the turbos I'd get rid of. Would rather have an NA V6 hybrid!

 

My God, the NFT. What a joke.

 

Takes years to approve / draw / design / order add a a line at the factory, PR reviewers are the messengers.
Ferrari closed VS books before reviews - XX values 2-3X of msrp - VIP's will jump on an XX but I don't think it will be an XX type ending in Monza like scenario, where you have to own one to get the next.

Those who say enjoy your cars - dual mindset as VIP owners rarely post about value, Jimmy Lee has made 60m and one of many. He bragged about LaF Aperta allocation and got banned - he worked hard to get back in good graces - many will not speak in public,
Anyone spending $ on a car for the price of a home or plural subdivision owning many, knows what hard work is and it's not a switch you just turn off.

Ferrari will end 296 with 296M - regular production cars aren't doing well, making less and making more LE's is positive / profitable, takes 3 years from debut to garage for LE after debut and 6-7 from std edition to track - it's a long endeavor unless you go racing.

 

I consider myself quite high level in financial acumen and I can’t understand why an “investor” would ever get into the high end car game unless you plan on moving the assets.

If a Ferrari VIP is bragging they’re up $60mm in value, what’s the point? It’s theoretical. It’s numbers on a spreadsheet or PFS. You can’t leverage it. It doesn’t cash flow (opposite, in fact). It’s extremely expensive to acquire. It’s an atrocious “investment” unless that person plans on selling and realizing the increase in value. At which point, they risk losing their VIP status with Ferrari.

 

Yes but what about guys who bought a 5000.00 used old race Ferrari that is now worth 10m - guy down the street has one in his garage since high school.
You can buy used and do just as well - many have 4 - 5x, I bought Carrera GT 400k sold 1,6m instead of F40 at 600k worth 3m and everyone said Maint is too high drives like a truck and a/c barely works.
It's not if - many of these guys like Lee make you tube videos just like Shmee - many ways to play Ferrari including their stock,

What's the point - he gets to enjoy his collection in dollars and sense, further he promotes his business with it - he rents a house in Monterey across the street and sells watches. I know that my collection or driving cars assists me as well - several customers car related and not small whatsoever, smart money never rests - even when it's on paper. Every. situation is different but winners find a way to win - it's in their DNA.

 

There's too much here to unpack. My rebuttal will just be, I do not believe that the acquisition of cars or watches, unless one is in the car or watch trade, has anything to do with investing but is merely an outlet from monetary success elsewhere. That's not an "investment", but a byproduct of, and allowable from, actual investments. The fact that some of these acquired goods go up in value is a happy byproduct of the supply and demand imbalances among the top .1% of the wealthy but certainly not guaranteed and supply and demand curves are quite respondent to minor changes.

 

Ferrari should everyone who wants a Speciale buy UNH stock as a prerequisite so I can get out of these December options lmao

@Jo Sta7 This level of financial acumen is probably a bit above your paygrade (bought them strictly on vibes one morning while my ears tingling off pre workout). But don't worry, if we can get a couple miracles then I will get you one of those Huracans you have been dying to have

 

Most options investors lose money, I believe. So don't feel too badly.

 

Yeah, its all a casino. Everything that goes in you better be willing to lose. I said the above as a joke, but I am actually ITM on my calls and am a bit over double already so will exit today. Greed always leads to loss.

The most important investment is our health. Stay well out there boys.

 

Ok. We hopefully can agree one can not. time the market -
There is never a bad time to invest - there is also never a bad time to buy a limited edition Ferrari - history is proven.
The .1% mindset is to make money from driving / racing owning limited editions. Tell a guy what he can't do and watch him do it, that's the .1% of Ferrari limited edition owners and it's why Ferrari has a line around the block / regardless of curves. It's a long term game not for the faint of heart just like anything else - you play to win.

 

We are agreed.

 

I say this without any concern for controversy , but aren't you tired of talking only about money in what's your passion, your outlet, not your business ?
Very little discussion about driving, road trips, club days, mountain roads...it's as if no one drives with it !

 

10000%. It’s tiring and boring.

I drove the 296 hard today. I find it fantastic.

 

I will try not to spiral... After the post-covid boom in values and (some) owners, new or not to the car buying game got the mindset that they could own cars for free now and if it is a supercar they shouldn't lose money on them. It is so much of what people want to talk about today that it overpowers the discussion of driving and experiences. I give this thread some slack because nobody here has driven the 296 Speciale and we just got reviews last week. Granted, we have had a lot of discussion about experiences in 296 GTB/GTS which has been positive to the thread. Now that we have reviews out and hopefully some customer cars to be delivered soon enough there should be more to discuss. There has been minimal experience with the car to discuss other than a handful here who saw it in person. I can't wait for that to change and hear about hands on experiences and hopefully see some more specs. I know this isn't the only thread it comes up in, my point is that it is all people want to talk about these days. Negativity steals our attention more than positivity does. Discussing future values is fine, but it is all speculation, nobody has a crystal ball. I don't want to lose money on my cars anymore than the next guy and I love when the value is trending up but people have been so shocked at the prices falling on the i.e. SF90/296 and seem to have forgotten that this is nothing new, in most cases regular production cars are going to lose value regardless of how good or bad they are, we don't need to get into engine, price, hybrid or not etc. for what the price does, some owners need to have their expectations adjusted. They forget to enjoy their amazing purchases because they are so worried about the value. If you are worried about the value then you shouldn't be buying the car. I am not speaking about anyone in this thread either, these are generalized statements and opinions. At the end of the day it is a blessing to be able to own your own Ferrari, enjoy them.