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Average Income of Ferrari Owners in USA?

Discussion in 'Ferrari Discussion (not model specific)' started by leroy105, Jan 15, 2021.

  1. plastique999

    plastique999 F1 Veteran
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    Nov 9, 2008
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    Edward
    I have 4 kids and I tell my wife that their future college tuitions are banked in the collectible exotics


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  3. plastique999

    plastique999 F1 Veteran
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    Nov 9, 2008
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    Curious what the other 9 schools were (with scholarships) and why you/she chose Princeton?


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  4. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    Def. my f40 is the contingency plan if the 529s go to zero!
     
  5. plastique999

    plastique999 F1 Veteran
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    Exactly my plan as well!


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  6. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
    3,918
    And Cadster is the real deal.....a great guy with cool toys.
     
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  8. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
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    Can't you sell an F40 and just buy a whole college?
     
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  9. ttforcefed

    ttforcefed F1 World Champ
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    i know right? $320k per kid for undergrad X 3 kids....
     
  10. mikesufka

    mikesufka F1 Rookie
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    Mike Sufka
    Insane what college costs ... I don’t even feel that old ( I’m 47 ), and my last year of undergrad cost my Dad about ~ $18,000. Same school now, 25 years later, is touching $60,000 a year. Nothing fancy either - I graduated from St. John’s University in Minnesota.

    Would be a killer to sell a F40 for college tuition .... you two need to think of a different plan - lol

    MDS
     
  11. ttforcefed

    ttforcefed F1 World Champ
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    Yep im 44. I went to a pretty expensive school school in harlem and if i recall correctly tuition without housing was under $25k!
     
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  13. plastique999

    plastique999 F1 Veteran
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    Yes would kill me to sell F40 for tuition
    But kids are definitely worth it. Gotta keep hustling!


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  14. GTFan

    GTFan Rookie
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    Dec 10, 2020
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    Colorado
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    Scott Niederbrach
    It’s definitely worth it to keep hustling - I am 62 and will never forget this day my daughter called me from college. Of course, my first thought was “how much do you need?” She was a junior and explained that in one of her classes that day, they were told 94% of kids graduating had student loans. And she just wanted to tell me thank you because she didn’t have one. It was all worth it right then!
     
  15. tbuff

    tbuff Formula Junior

    May 15, 2005
    625
    These numbers are nuts

    Undergrad tuition here in Canada can be as low as 4k for a decent school.
     
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  16. mchas

    mchas F1 Rookie
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    You guys are crazy to think of selling F40s - this is why student loans were invented!! ;)
     
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  17. FF4X4

    FF4X4 Rookie
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    Oct 8, 2016
    38
    Absolutely no student loan. Keep the F40. Start with community colleague, then university. Most important when hiring people in my company (mostly engineers) is attitude, not which university they graduated from. Please please please, don't take this as a disrespect for any "fancy" university as I have the outmost respect for those.
     
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  18. Eric R

    Eric R Formula 3
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    Nov 19, 2014
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    Eric R.
    Actually everyone should run out and get as many student loans as possible because they are going to be forgiven! Ferrari for everyone!
     
  19. Tonys_Garage

    Tonys_Garage Rookie

    Jan 24, 2021
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    surrey
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    tony pemberton
    I remember hearing a car HP shouldn't be more than 10% of your take home, in April I'll have paid off my 348 :), been 4 years of £1k a month. It's been more 15-20% of my income. I've managed to keep mine in good condition, but it's certainly no show car! I guess not going often to bars & clubs might of changed that, though you're only young once haha
     
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  20. FF4X4

    FF4X4 Rookie
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    Oct 8, 2016
    38
    Back to leroy105's original post.

    It's not important how much the average Ferrari owner makes. You save up the money, and buy it cash. Pending which model/year/warranties etc. you also save up an amount for service/possible repairs. Be totally at ease with any depreciation. From there on, drive and enjoy.
     
  21. Thecadster

    Thecadster F1 Rookie
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    Apr 27, 2017
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    Thanks Shark. I certainly appreciate the warm regards. High praise coming from a legit enthusiast like yourself.
     
  22. Natkingcolebasket69

    Natkingcolebasket69 F1 Veteran
    Rossa Subscribed BANNED

    So what did op end up doing?


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  23. Husker

    Husker F1 Veteran
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    Dec 31, 2003
    8,671
    western hemisphere
    post of the year
     
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  24. SCEye

    SCEye F1 Rookie

    Aug 28, 2009
    2,819
    Norcal - Peninsula
    my income is 100,000,000,000 zimbabwe dollars. How many horse power is that?
     
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  25. Thecadster

    Thecadster F1 Rookie
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  26. Wangotango123

    Wangotango123 Rookie

    Aug 7, 2020
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    Rafael olarte
    There is a bell shaped curve and I think the majority of owners fall in line where you are at. At least In my circle we all fall in the 3-700k a year range and although not crazy wealthy we are comfortable enough to write a check for 250k to make ourselves happy.
    You then have the low side of the curve which should be buying a corvette not an F car and then you have the guys with F you money who can buy a gold plated Ferrari for fun.
    I live in Miami where everyone is a wanna be baller. Buy it and enjoy. When I’m depressed I walk into my garage and look at the F car And it’s better than Prozac. Never had that with a vette or 911.
     
  27. SCEye

    SCEye F1 Rookie

    Aug 28, 2009
    2,819
    Norcal - Peninsula
    so a bicycle
     
  28. jjp11

    jjp11 Karting

    Sep 1, 2013
    113

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