To me the primary factor is depreciation. A TDF at double the price makes more sence than an 812. The TDF will still depreciate but not as badly. I said 5M. If depreciation not a priority 10M.
10-20% of liquid net worth (total spent on cars, not single car) if you’re between say 7.5M and 20M. Above that it doesn’t really matter as much and could easily go with a higher percentage, provided you don’t have big expenses like vacation homes, private schools, etc still on radar
$20M liquid, truly unencumbered assets? That’s a crap ton of dough. Most people put as much money to work as possible, right? Business owners can accomplish triple digit IRR’s. Why run $20M liquid outside your business?
By “liquid” I meant invested in broadly diversified accounts, stocks and bonds, etc., not tied up in illiquid investments (like the family farm).
Post that on a website full of rich wood carving folks or bird spotters and you would probably get those numbers. But your target audience here is heavily biased and want you to post pics when you get it
No qualifier for age or health? What if you were over 65 do you still need $20M to get the car of your dreams? How about 45 yrs old with heart disease? Anyone seriously thinking about an F12Tdf probably can afford it. You'll lose much more on any new Ferrari so its not that hard of a decision.
God knows...my 812 has probably already depreciated more in the last 2 months of driving (3K miles) than a garaged F12tdf would have....but I love to drive. Funny thing I was hoping this poll and thread would have highlighted to me my foolishness even thinking about it but you bastards are talking me into it!
Wrong forum to ask on - and you knew that . With interest rates so low and the TDF holding up pretty well its not even a discussion. In my Geo cars (488's Huracan's, 720S's etc) are moving "at the right price". People need/want relief from the current chaos and when u get to 50+ you choose to "live" or "exist" IMO. Nothing new here
Dear Stickbones, you're on the number one Ferrari fan & owners forum of the world, not on Scrooge McDuck Fan's page ! What did you expect ? We won't play the moderating wife traditional role. In the name of the Ferrari community, buy it and drive THE F.U.C.K out of it. "Nobody ever saw a coffin with a safe attached to it"
The personality that increases chances for financial success often can be a double-edged sword when it comes to spending money on toys. I am very conservative with money, and wrestle with these inner debates all the time. I also adore the 458 SA and came across the most beautiful spec ever, for sale here on FChat. A large part of its price premium is that it still has basically delivery miles. Therefore, if I love to drive I am the one who will be paying for the “new” car. And thus for me one with 5-10K miles on it is a better all around option. The same applies to an F12tdf. If I am going to drive the **** out of it I’d like to find a well-cared for example with many miles on it rather than pay the “collector car” premium. Furthermore, I don’t buy into all the “doom and gloom hysteria” that so often is found on the internet regarding global markets and politics. But these markets are seemingly nuts to me right now. I’d be irritated with myself to pay a premium and 12-18 months from now find my investments down massively and see real bargains out there on exotic cars. The other “problem” I have is I have a nice complementary stable of car’s right now, I love each one of them for what they do differently, and can’t see selling any of them...and my garage is bursting at the seems. I was actually kind of hoping this thread and poll would highlight my folly, but it appears to be doing the opposite. I fantasize that if I could only have 2 Ferrari’s in my garage they would be an F12tdf and a 458SA, and have the courage to drive each like a “regular” F12 and 458 Spider. Perhaps it will evolve to that over the years because the new cars coming do nothing for me (except maybe, just maybe the F8 Spider with a Novitec exhaust).
I call it miles for smiles and if you buy right you just might be able to enjoy the car and you never know it might not deprecate as much as you think. I too want a TDF and would consider replacing my 812 and Speciale for it; but it’s an interesting premium predicament especially when you like to drive them. My theory is to think of some of these cars as lifelong keepers and the hell with what they are worth when I can’t drive them anymore. You hope to have enough money not to care or have enjoyed them enough (soul filling) to part with them in peace.
Problem is so many of the best cars are very mileage sensitive: F12 TDF, F50, Enzo, 288 GTO, etc. Once you go back to the 60’s and 70’s some are not as mileage sensitive like the 275 GTB. That’s why I’m waiting until I don’t care if I burn the $ enjoying those top end cars before I consider buying. If we all had a pact to actually drive our cars the values wouldn’t be as mileage sensitive, but given there’s too many collectors that don’t drive them I don’t see it happening!
Cars aren't meant to be stationary for years on end. Engine and chassis components need to move/rotate, lubricate and go through thermal cycles. A dealer once told me it's the very low mileage cars which are often the most problematic. I believe him.