Depreciation Experts ???

I have had the good fortune to enjoy around ten Ferraris over the last fifteen or so years and i am pretty sure i never made any money on any of them .But tell you what i have had out of them great fun ,big smiles on my face every time i drove and raced some of them ,made lots of friends because of them ,great enjoyment looking after them and pleasure taking other people out in some of them that are less fortunate than me . I work hard and struggle like most over some of the bills ect. I never worry about depreciation although i try and buy carefully The one thing that does irritate me a little is when people bang on about it and possibly have never experianced the pleasure you get and can share owning such a car There is a true saying "whats the point of being the richest man in the graveyard"

Just my twopennith RAY360M

 

Not tempted for the concourse trophy of most well kept grave with zymolled coffin.

 

Well said Ray - very well said indeed - not wishing to malign Dale but how do you feel about his use (or apparent lack of it) of your old 348 ?

As my signature sometimes says

See you down the road - with huge grins on both our faces

 

Good call Ray, but it is something that most people have to consider. One of my main arguments when convincing my missus about the 328 was that the depreciation would be minimal. I could not afford to drop £20k on a weekend car, I lose enough on the daily driver.

 

I agree to a point, but i'm not in the financial bracket where I could afford to buy one Ferrari after another or have 2 at any one time so depreciation does become a factor when looking to trade in or selling to upgrade. No way would I ever, even if I could afford to, go and buy a late 360 or a 430, i might as well go and burn my money in the back garden or even worse give it to Steve F's pie supplier

But on saying that I whole heartedly agree that you should not worry about the depreciation while owning a a Ferrari as it is an experience that will live with you forever and I am one of the fortunate ones who have been able to fulfill my dream.

Anyway its not the depreciation, its keeping the bloody thing on the road where you need deep pockets. At least when you buy the car you know what the cost is.

'Oh you need a new clutch and clutch hydraulic assembly, that will be 3000 quid please'........ouch! Thats what hurts, but its a Ferrari and thats part of the 'enjoyment'.

I hope to have the pleasure of owning a Ferrari for many years with a view of upgrading sometime to a 355, but unfortunately, I have to look at depreciation, but, bloody hell, I don't worry about it for god's sake, I own a Ferrari!!

 

Fchat wouldn't be the same if we couldn't bait rich, 3 Ferrari owning builders about depreciation

 

Steve i think from your post we think along the same lines M8

As for p---s---ing Tony H re the above you want to keep up m8 i only have one Ferrari my Red fith place in the conkers 550M ,a certain F/chatter stole one, the 360 has also gone too ,i thought it best to sell six weeks ago being summer than get a large kick in the go--l-es in Sept when the F430 is supposed to arrive and i would have HAD to trade it So keep up M8 hahahahahahah
RAY ex 360M

 

Only a matter of time till u get 2 more

 

True to a point... I love my 355, but it still irks me to think how much value it has lost.

That is more my fault than its, i.e. don't buy from a main dealer unless you like giving money away, do pick a saleable colour combo, and don't buy a late car for more money as after a short time the value is determined by mileage and condition. Also, the longer I keep it, the more acceptable the ££ lost per year becomes.

I was grumbling about it the other day to my Dad, and he said "well think of it as a really bad investment- and I bet you've had a lot more fun in your 355 than you've ever had with a badly performing share..."

I've stopped worrying about it now!

 

I've just took a bit of a slating on the F430 depreciation thread for daring to say whats being said on here. i.e. Don't buy a Ferrari if your'e worried about depreciation, and as Omega Steve said its the repairing the buggers that really hurts!

P.S. Before anyone starts with the more money than sense theme, the Ferrari took every last spare penny I had to buy, and then some.




Had to raid the swiss bank account to buy the Tubi...

 

Absolutely ridiculous Ray, I'm so worried now that my Testa has turned 9000 miles Ive stuck it on axle stands, covered it over and I aint touchin it for at least 2 years hehehehehehe

 

You've been hanging around with Dale too long.

 

use them and abuse them they are like women as they love money being spent on them but you always smile when you are with your ferrari cant say that about your mrs though

 

You've obviously my missus then!

 

And the missing word is? Ban alert!!!

 

Oops!