$300,000 to spend on an investment car... | FerrariChat

$300,000 to spend on an investment car...

Discussion in 'Ferrari Discussion (not model specific)' started by hensleyac, Jul 18, 2015.

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  1. hensleyac

    hensleyac Karting

    Jun 2, 2015
    142
    Estero Florida
    Full Name:
    Chris
    The goal is to start seeing your money work for you as soon as possible. I'm looking for a vehicle that you could sell as soon as six months and make a profit.

    I'll throw out there a Murielago SV. This seems like a car that might fit the bill...

    What would you buy?
     
  2. proof69

    proof69 Formula 3

    Sep 14, 2014
    1,003

    I don't think you good by a low mileage pristine Murcie SV for 300k.
     
  3. joker57676

    joker57676 Two Time F1 World Champ

    Apr 12, 2005
    23,767
    Sin City
    Full Name:
    Deplorie McDeplorableface
    Ferrari F430 Scuderia. Appreciation probably won't be great, but I think given the way market is moving, they're undervalued at the moment.



    Mark
     
  4. Ryan S.

    Ryan S. Two Time F1 World Champ
    Silver Subscribed

    Mar 20, 2004
    28,870
    What's he 360cs doing these days?
     
  5. Igor Ound

    Igor Ound F1 Veteran

    Sep 30, 2012
    8,102
    The Horn
    Full Name:
    Igor Ound
    Testarossa
     
  6. absent

    absent F1 Veteran
    Lifetime Rossa

    Nov 2, 2003
    8,810
    illinois
    Full Name:
    mark k.
    Can you still find a 575SA at low $300k? Higher miles possibly?
     
  7. Scott98

    Scott98 F1 Rookie
    Owner Silver Subscribed

    Nov 3, 2004
    2,924
    Weston, FL
    Full Name:
    Scott
    348SS

    Scott
     
  8. joker57676

    joker57676 Two Time F1 World Champ

    Apr 12, 2005
    23,767
    Sin City
    Full Name:
    Deplorie McDeplorableface
    $250k-ish.

    The CS was my first thought, but I don't think they have too much more appreciation in them.



    Mark
     
  9. dwhite

    dwhite F1 Rookie

    Good luck in this market. Try non-Ferrari and under appreciated, if you can find that, buy 3.
     
  10. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,527
    Charleston, SC
    Full Name:
    Curt
    This market might not have much more left in it... I'd try to find an early Bimmer or Porsche that was unloved personally..
     
  11. SCEye

    SCEye F1 Rookie

    Aug 28, 2009
    2,950
    Norcal - Peninsula
    I'll be the party pooper here.

    I'm a believer that market is pretty efficient https://www.google.com/#q=efficient+market+hypothesis
    therefore buying a car that has an immediate positive return is a bit difficult as the seller knows about the market just as much as the buyer. If the buyer knows about a certain market, he wouldn't be asking this question by creating this thread.

    add to this is asymmetric information. Seller knows things about his car buyers don't https://www.google.com/#q=asymmetric+information

    add to this is fees associated with keeping a car (maintenance, registration, insurance) that is very high compared to other investments (stocks, bonds)

    add to this is transaction cost. when it comes to buying, he has to pay a dealer consignment fee or sell it himself at great inconvenience. If he has the ability to buy a Ferrari, then he has skills that pay well. He instead can use that time to earn money instead of selling a car, ie certain positive income.

    add to this is sales tax (unless OP has a dealer license - in which case he shouldn't be asking us). immediate 8% loss that he can't recover.

    therefore, even if he's lucky and pick out a winner, he has to expect at least an 8-10% increase in order to break even
     
  12. toparkt

    toparkt Formula Junior
    Rossa Subscribed

    Oct 20, 2006
    746
    orange county
    Full Name:
    Andrew Goetz
    I will add to the party pooper... Investing is passive or active. IMHO, value is added with work. Look for "value adding". Transaction fees hard to overcome in short term.
    Perhaps a project car that someone gave up on.
     
  13. southnc

    southnc Formula 3

    Dec 25, 2013
    1,765
    Charlotte, NC
    Full Name:
    Adam
    Maybe a 512M - the rest of them should be coming down in value soon, since they made so many thousands of them.
     
  14. southnc

    southnc Formula 3

    Dec 25, 2013
    1,765
    Charlotte, NC
    Full Name:
    Adam
    Porsche GT-3 RS Manual might be a good option since future is PDK only
    Ferrari 458 Speciale could be one, since future is turbo-charged
     
  15. AndrewJM

    AndrewJM Formula Junior

    Jun 18, 2012
    383
    Norfolk, VA
    Well said. Basically, if we knew what the next hot item was, we'd all be trying to buy it
    and the price would be driven up quickly enough to diminish any potential return.

    Personally, I'd agree with vrsurgeon that the best bet is something that has thus far been generally unloved. Look into Porsche's.
     
  16. Flavio_C

    Flavio_C Formula 3
    BANNED

    Sep 7, 2012
    2,445
    Insubria
    Here in Europe the the prices of the 360CS skyrocketed in last 6-12 months. Probably the Scuderia will follow...
     
  17. proof69

    proof69 Formula 3

    Sep 14, 2014
    1,003

    Maybe it would be a good idea to invest in a good crystal ball.
     
  18. Bas

    Bas Four Time F1 World Champ

    Mar 24, 2008
    42,716
    ESP
    Full Name:
    Bas
    Another vote for the LP670. Convert to manual with factory parts (around 18K)...only 186 SV's ever made, 6 to 8 of which are manual.
     
  19. proof69

    proof69 Formula 3

    Sep 14, 2014
    1,003

    I think converting a car to manual is fine for personal use. Not for investment , and that was the op's intention by his statement.
     
  20. Igor Ound

    Igor Ound F1 Veteran

    Sep 30, 2012
    8,102
    The Horn
    Full Name:
    Igor Ound
    I wouldn't be too sure about that. That's certainly the one i would be investing in.
     
  21. AndrewJM

    AndrewJM Formula Junior

    Jun 18, 2012
    383
    Norfolk, VA
    probably not...?
     
  22. proof69

    proof69 Formula 3

    Sep 14, 2014
    1,003

    I think you miss my point but thanks for the comment.
     
  23. 88Testarossa

    88Testarossa Formula 3

    Sep 25, 2012
    2,450
    Annapolis and Daytona Beach
    Full Name:
    Al
    Testarossa. Prices are climbing.


    Sent via itty bitty electrons
     
  24. Super_Dave

    Super_Dave Formula Junior

    Oct 6, 2014
    710
    USA
    Full Name:
    Dave
    you are a little late to the game... I would buy unloved cars ... nothing in that price range... 996 gt3 or 996 turbo or a pristine early NSX or early viper. These are some under appreciated cars but I wouldnt expect appreciation, they just arent bubble-y... momentum buying is risky and not investing. To momentum buy just get something everyone is flipping top... manual cars... meh...

    Cant tell it thread is serious ... no offense if it is but it almost seems like humoress ... wasentially saying you want to flip a car in this markwt...
     
  25. Bradwilliams

    Bradwilliams F1 Veteran
    Silver Subscribed


    Ferrari 355 | eBay

    I heard these will be 1.2 million by by next fall. Great investment car hehe :)
     

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