Buying new in this environment

Your friends might be jealous? A bigger question is why would you spec a new car wait 6-9 months and lose $50-60 K when you drive it off the lot? Plenty of nearly new Porto available at discount prices, pick one out at start driving your dream car today! If ADAS and the thrill of ordering a brand new Ferrari is a bucket list then I get it, but it seems like the wait is long for a new one!
Either way its a fabulous machine! IMHO Good Luck!

 

I have been thinking the same thing in the current climate re purchase of expensive cars and houses, problem is that life is too short to keep waiting, but you do have to try and mitigate circumstances in my case looking at a used cali T instead of a porto that i considered, same with houses, looking at buying a lower priced one now (i have a few already ), leaving myself in a good position if better buys come on the market.
I have held off changing my mclaren for a newer one in the current climate, and will keep for another year or 2 and see what happens.

 

My opinion:

Never live your life worrying about what others may think or say.
It's your life, live it how you want it and live it to the fullest.

Life is too short, enjoy it while you can.
I have friends that are younger than me (I just turned 62) that expired unexpectedly never got to enjoy their hard earned money.

If you dont live in a safe neighborhood or a safe city perhaps its time to find a better and safer place.

Im here in Washington State and I can drive anywhere and I get nothing but thumbs up and admiration.
Of course I avoid bad neighborhoods as we all have those.

If money is no object by all means spec it how you want it and buy what you want.
As SLViper1 have mentioned, if you are OK with a preowned one you can save a lot of money.

I just purchased a 2016 Cali T with 7K miles, CPO, 2 year New Power Warranty with everything on my wish list except parking cameras.
I saved over $120K compared to buying new.

My 2.5 cents.

Dan

 

If you're asking us if you should buy new, maybe you have already answered your own question. A pre-owned car can be a great value, and a lot less to worry about. If you take your time and look carefully there are cars to be found with a lot of your options. After all, you want to be able to sleep at night, and enjoy driving as much as possible!

 

We have the ADAS on the Portofino along with the ventilated seats but we got a new dealer spec. You can probably find one by calling around to the dealers. They don't always advertise the dealer spec cars but they are often available on models where Ferrari is pushing volume and they are on the Portofino. Our Portof ino was pretty loaded and it was a color scheme the wife liked so we bought it off the lot. Still first owner but not waiting.

 

a new portofino is one of the worst financial decisions of 2020

 

Hey Joe , don’t panic !! It will come right back and then some! As to the car, I am with Dan. )

 

I understand both themes expressed on this topic. Both themes are valid. I would merely say this...I and others on this forum are fortunate to be in the position to contemplate a Ferrari, or any expensive, luxury purchase. It didn't have to be that way. Enjoy it. I apply this to myself - you might consider making a contribution to a worthy charity in acknowledgement that many people are far less fortunate. I know it helps me to remember the good fortune I have.

 

Very well said and I agree.

I too give back regularly. From donating to charities, giving Ferrari toys to kids that come up to me and to paying forward in restaurants and stores when the opportunity allows it.

Dan

 

I live my life like my signature says:

it’s just life, dude. Might has well try and have a kickass time while we’re still alive!

 

I understand your concerns, I bought my Cali T in Las Vegas in February just before things closed. It took a over month to get it to Florida due to the massive business disruption, and by then everything was at a standstill in Key West, and most of my friends and I were dealing with serious losses. I have chosen to keep the car under wraps in Fort Lauderdale, Key West is a small town and I didn't want to appear insensitive. Now that the economy is improving, I will bring it home.

 

i never buy used. nothing beats a new car experience. its never a good financial decision but to each his own. there will be no used ferraris if they are no new car buyers

 

Yes, bravo, keep buying new and treat your Ferraris better than your wife! I never buy my personal cars new, my wife insists on it for herself, but she always keeps her cars for 5-7 years so I don't mind.

 

Have you test driven one with ADAS? I've just taken delivery of a fully loaded ex demo Ghibli with all the driver assists. After the long drive home I've switched most of them off.

Sent from my SM-G960F using Tapatalk

 

Florida Joe, you may like to read about my struggle (with myself) before I ordered a new Portofino. I have always loved the looks of an Aston Martin and took it for four test drives. Four. Everytime the Portofino felt the superior car. That is when the problem started. Is Ferrari the right brand was the first issue; too associated with criminals etc. Should one plonk down a ludicrous sum on a car when so many people are under-priveliged, even here in Holland, let alone with the hunger and strife in the world? Will my friends think I am showing off? Will the person in the street think I am showing off? After many a sleepless night, I thought: bollocks. I live once. I have made it myself, honestly and morally, paid all my taxes (which in Holland are so much higher than yours) and I do my bit for society. If others want to be jealous and put me down because they cannot have it, it is their problem. Yes, I will be careful of people who may scratch it just out of envy but I will not live for others. Go buy your car. Brand new and feel proud of yourself but never lose your humility and social sense (which comes through beautifully in your post). The depreciation will be high but the feeling of joy will be higher. We die only once but live every day.

 

Whew, good thing I made that decision in 2019.