Yes. Some people the hunt is equally as pleasurable as driving the car. No different from the pleasure derived from spec’ing the perfect car being have the fun of getting and driving the car. Sent from my iPhone using FerrariChat
BTW, I passed up several opportunities to purchase neat vehicles because of the ADM. I wanted one but not that badly. It wasn’t that I could not afford the $50k - just that the juice wasn’t worth the squeeze. OTOH, I did actually pay a $50k ADM for a car that I really did want to drive. Sometimes it irks me a bit, but mostly I just enjoy driving it anyway. Currently eyeballing two new unclaimed 296’s at MSRP. Not my spec, but close. Need to see in person first. My deposit on one won’t be ready for at least two years, or I can take one of these and drive until new SF 90 comes out! [emoji4] Sent from my iPhone using FerrariChat
I know a few people who've been stung real heavy on these, good times are good times but when good times turn bad and you've got a huge ****ing boat it sucks
I think the hurdle rate for a yacht/super yacht is that you need 10 years of operating expenses tucked away in a very secure investment portfolio that you only touch when needed. I have heard annual expenses are roughly 10% of purchase price. I’ve no personal experience at all, so this might not be accurate. Anyhow, unless you use it a whole lot (40% occupancy?) Charter makes more sense. Since it floats, better to rent. LOL Sent from my iPhone using FerrariChat
The 10% rule is largely correct and accurate for large boats, depending on usage. All that being said, I found racing conditioned me well for boat ownership. Boating seems inexpensive when compared to racing cars. So, if you want it to hurt less, even do a few track days before you buy your boat. lol. Sent from my iPhone using FerrariChat.com mobile app
I should clarify that I do not own a large boat myself, but have good friends that do. On my small boat, it's probably more like 8-10%, but could be much less depending on how much DIY one is willing to take on. Either way, cheaper than racing...even with DIY in racing.
We are now comparing yacht ownership to the 296. We have seriously jumped the shark on 296 resale values.
Beating a dead horse, i know, but I can't keep my mouth shut. That's the thing on 296 gtb values, have they suffered big depreciation in the US, I don't think so. Has the big sale point above MSRP gone, I do think so, but many asking prices seem to still live in make believe land. The list I posted reflects selling price is MSRP or slightly less, for a 2 or soon to be 3 year old car i would say, not bad! I'm just waiting for cars I'm watching to drop to that MSRP range. I'm not going to be the one to overpay at this point.
I think you can find a 24 gtb at msrp, older ones with miles can be bought for under. I know of a 24 at msrp at a ferrari store if you need help locating one.
Yes there are several under MSRP but the cars I am looking at are all still way above, I have made 2 solid offers but have been turned down. The cars I am looking for are nothing special but have the right exterior color and very close set of options I'm looking for such as specific wheels, and racing seats.
trolling on this thread is real. If there are real, verified 296 SALES that have happened significantly below MSRP, prove it. Share the proof. Where are these super discounted Ferrari 296s?
No trolling on my part, yes just spend a little time looking on auto trader at asking prices under 400k, i am watching the prices move down on (34) easy to look at the option tag on the car and get a good idea, some are low option and at high 300s still over but I'll say half are pretty high option cars listed under MSRP. Some of the cars i listed as sold even advertised as __ under MSRP. I have called on several and had window sticker sent to me
This thread should be real verifiable deals . There are hundreds of 296 sold new in the US each year since’22, 34 on sale, even if all are at low price, represent way less than 10% of the actual cars and who knows the reason that those cars are at those prices. Chasing a bargain , in my opinion , is for those that just want to own a car and tell everyone they got a bargain. Rather than they bought their perfect dream car because they will never find a spec that they are 100% happy with, so the bargain is just a compromise.
No question that a two year old car at or near sticker feels darned good to the seller from a depreciation standpoint. The only caveat to that is that many of these 1 or 2 year old cars have 1,000 miles or less on them. When mine arrives, it will have 300 miles on in with 2 weeks. So not quite true representations of depreciation, because I think they were bought by people that either: (1) took them to get another car or (2) figured they would make money on resale. Sent from my iPhone using FerrariChat.com mobile app
Good point here. I have looked at many online. I just like my spec much, much more. It’s pretty special. So for me it’s worth accepting my order. Rosso Maranello, diamond wheels, saddle interior with Daytona racing seats, extended leather. Italian flag special touches in a few areas. It’s going to be sweet. Basic rosso corsa. Forget it.
there are high MSRP GTB's (AF cars 480k and up) that are absolutely going well under sticker at this point. I know of a 490k car that just sold for 463k, and I'd say the owner was fortunate to get that much. The higher specs (especially the big add for AF/stripes) aren't going to recapture 100% on resale. Is what it is. The surprising part to me is the slow moving lower sticker cars, but my theory on those is that the starting price on a 296 combined with high rates is just a little too much for this market. Most decently optioned coupes are still around 400k, and that's just a lot of money and a big payment.
