Ferrari's as an asset class

Going back to cars that are PRE Pinninfarina is going back to the very early 50's You bet- not many people have them, because they didn't make them in the hundreds or thousands, but more like ten or twenty. Hopefully you're blessed with either a mechanical aptitude or there's a shop somewhere willing to work on something that rare and old.

Closing in on 40- reaching a stage in life where you don't DRIVE as much- HUH? Talk about a way to make a 71 year old guy feel REALLY old. I've OWNED a Ferrari longer than you've been alive, still enjoy them and currently have eight of them. At this point EVERY one of them appreciate- even the eighties models. Don't have to go back to the dark ages to get an appreciating Ferrari. While it MIGHT seem like a great goal to buy a fifties or sixties Ferrari, if you have been driving modern Ferraris, I think it's pretty challenging to get the older cars and be satisfied, unless you get a multi million dollar car. Maybe it's frame of mind, but the more modern Ferraris are MUCH easier to have fun in. One can romanticize about driving an old V-12 Ferrari, but the reality, there's a LOT of carburetors, and dual distributors with points that seem to screw up at most inconvenient times. The SOUND of the air getting drawn in carburetors is awesome, but there's a LOT of things that can ruin your day. I've driven 250's 330's 275 GTB, 365's- a lot of different 60's cars. I'm QUITE happy owning cars with fuel injection, and electronic ignition. And I KNOW how to repair the older cars, and have the equipment to do so. Finding someone that can do justice to the Webers in the older cars, has a VAST assortment of jets for them is getting harder and harder.

Never bought a Ferrari seeking attention. I bought them because they were some of the most incredible cars in the world. I bought a MODERN Ferrari 11 years ago, figuring I'd LOSE a ton of money in depreciation. Even that car, a 2013 458 Spider is REALLY holding it's own, value wise. Maybe when I'm EIGHTY, Ill think about NOT driving as much. Forty- you're still a youngster! So that's MY thoughts.

 

Nope, I view these for what they are. Cars that put a smile on my face every time I'm behind the wheel. fortunate to have the means to enjoy them but viewing them as investments, would take the fun out it for me . Imho, they are among the most beautiful cars and in that sense they are rolling art. l

 

If you bought the car for the attention, it's pretty obvious why you are losing interest.

 

if you're lucky enough to have had a ferrari in your 20's then it's absolutely going to be part of the appeal

I personally find myself drawn to older and slower models as I get older as I appreciate the simplicity of them and 900hp on the streets is completely pointless

 

I got mine in my 20s. It's the most fun car I've driven. If I wanted the attention instead of the driving experience I would have bought a lambo. I didn't post it on social media for 4 years and was super secretive about it. I still kind of am.

If you do something for the attention of other people, your experience will be shallow and empty.

 

same, it was incredibly fun to drive my first ferraris when I was younger but the attention was absolutely part of the experience and I also enjoyed that

now i'm older I actually dislike the attention

 

" Ferrari's WHAT as an asset class "
Something made/owned by Ferrari (Possessive use), or Feral apostrophe?

As others have already covered, if you got it for attention, you shoulda gone with Lamborghini.

 

Buy ’em to drive. If you want to invest=stock market.

That said, sure — you can come out ahead, but the buy-in’s pretty steep.

 

If you want a car that doubles as an investment, I think you need to go back to the classics. Those are timeless and simpler to maintain. They also tend to be timeless in their styling. e.g. a Daytona or 330 GTC.

I'm a bit older than you, but I view modern cars as fairly disposable. Too much tech, which is the fast path to obsolescence. I enjoy classic Porsches now, but if you have the means an Enzo-era Ferrari is a forever car and rare. A good bet to hold or gain value relative to inflation.

 

Ha! I've always viewed mine as complete sunk costs. My heirs will get to decide what to do with them.

As far as an asset, some of them have been serious money makers for people. The ones I can afford are common enough that they're not going to be a gold mine. Inflation may make them appear to appreciate, but that fails to consider maintenance costs and opportunity costs.

Buy them, drive them, keep them, if they make you happy. There's better ways to make money.