THAT IS THE DUMBEST **** IVE SEEN IN A LONG TIME...
LOL - so with that money they juuuuust might be even for all the money spent on buying all those cars they didn't want at prices they knew they were overpaying for, huh. Wow, great deal!
Dude, that's how you get a new Ferrari. I know, I know... it's not for everyone but that's the deal. You buy some cars, you get a slot. You pay under the table to get a slot. Either way, you "pay to play". If you, or perhaps a new Ferrari owner that's on this board, knows another way to get a new Ferrari at MSRP this would be the web site to talk about it. But in all honesty, let's not mock the new Ferrari acquisition process on a Ferrari board.
Haven't you also had a 355 Spider a 550 and a 430 that is alot of F-cars that no one wants. I would not mind having all those cars that no one wants.
You mean i have to pay more money one way or the other to buy a car that everyone wants and no one can get. Thats a crazy concept.
F355 spider - paid $117K sold $120K (insurance payout) $3K gain THANK YOU NOAH 550 Maranello - paid $155K sold $150K (to a fellow F-chatter) $5K loss Maserati Spyder - paid $80K sold for $77K (got another tax benefit of $6600) $3K not counting tax gain. Total loss to get the 430 = $5K loss Current 430 Market = $40K-$60K over sticker Net profit = $35K-$55K so far...not to mention 430 spider and 599. You know what? you are absolutely right, no one would ever in their right mind to take this deal. I think some villiage is missing an idiot
Someone should forward those pictures, including the one with the license plate number to Ferrari of North America. I'm sure that they would not be please with the misuse of the Ferrari name and logo. Many companies take their trade names and logos very seriously and will sue the pants off of people who misuse them. If anyone deserved it, the guy who put that abomination together certainly does, if for no other reason than bad taste.
This is very sad. Every one knows that cars that look like this win in class at Le Mans and Ferrari's no longer do. Corvette should come down on this Ferrari Fan who is trying to trick people into believing that Ferrari's not Corvettes win at Le Mans these days. Perhaps the 599 GTR can change things. I hope so but until it does Ferrari Fans should stop trying to trick people into believing that has.
It's basic economics. Supply and demand. I think I first studied that concept in my Junior year of High School. Let's say that Feruccio has 12 bulls, but there are only 4 cows in his town. Try as he might, those bulls are not gonna be in a high demand given that there are not a lot of cows in town. Sure, you can use the bulls to "make" more cows, but even a gestation calendar On the other hand, Feruccio's pal, let's call him Enzo, has 4 horses. Since the pasta factory closed, people need to get 2 towns over for jobs at the winery. All of Enzo's donkeys have already been sold (plus donkeys are horny sum-*****es and they reproduce faster than Montoya driving to Miami) and Feruccio's bulls can't be ridden by just anyone... so Enzo jacks up the price of his horses because the demand to get to the winery is so great. But, if you bought one of Enzo's donkeys last season, you can get a deal on one of the few available horses. I know it's a simple, and trite example, but it's a basic explanation of supply and demand.
So, one might say you need Enzo's a$$ and that all the Moooo la in the world won't help unless you spread the Bull so let go for some cappucino. That about right?
AMEN. can someone produce a OWNED pic right here? bylnbenz where u at, the man can find anything on the internet, o wait never mnd i think he was banned
I think you missed the most important part of this analysis....during all this profit making, you GET TO DRIVE A FERRARI I think thats the best part.
Wait, where are the lease payments given that they eat into the profitability? Oh, that's right...they're conveniently NOT included in this analysis? Another example of distorting the facts to make a point?! Shocker!!
Let's say the loan amount is $100K and u can borrow at 6% and say u pay Interest Only on the loan that's $6,000 a year and consider the first time I bought my 355 is December of 2001 and I got my 430 in May of 2006...and I'm NOT excluding the time when I didn't have a car which is from Sep of 05 until May of 06, that amounts to $6K a year in interest expense at 4.5 years for a total of $27K. And that's assuming I borrowed $100K the entire time. (FYI, my loan amount ranges from $90K-F430 to $30K-Maserati) $100K*6%=$6K/year interest expense * 4.5 years =$27K Total interest expense WORST CASE based on $35K-$55K profit from post #32 less $27K that will still NET ME A PROFIT OF $8K-$28K. You call yourself an investment banker?! Did you also went to an Ivy League school like Cornell or something? Hell, I went to public school all my life and I can do this math (hey I'm Chinese and that helps, too) Another example of ignorance, arrogance and self denial Ladies and Gentlemen, this is the kind of Moderator we have on the NYTS section! Pathetic.
