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Average Income of new Ferrari owner

Discussion in 'Ferrari Discussion (not model specific)' started by mr. green, Nov 3, 2003.

  1. dwood1969

    dwood1969 Karting

    Nov 1, 2003
    67
    Charlotte, NC
    Full Name:
    David Wood
    For my 99 550 I got a loan at 4.5% for 60 months from the Credit Union. The loan was for less than half but I figured that I could do better with the rest of the money in other investments (fingers crossed).
     
  2. Kds

    Kds F1 World Champ

    Before I went ahead and did so.......would anyone here be personally offended if I posted the financial demographics of "new" MB purchasers ? I have the info at hand.

    Oh...wait...it's a Gary Green post. Forget it......
     
  3. Sensational1

    Sensational1 Rookie

    Nov 1, 2003
    21
    Rancho Palos Verdes
    Full Name:
    Michael Basic
    Personally, I am interested in the numbers.

    Additionally, do you guys have some rule of thumb you stick in regards to what percent of your income you spend on a vehicle, or like what percentage of your house your car should be at most? Strictly out of curiosity.
     
  4. BWS550

    BWS550 Wants to be a mod

    Apr 1, 2002
    8,933
    NEW JERSEY
    Full Name:
    BRUCE WELLINGTON

    GO BACK TO YOUR ORIGINAL THREAD QUESTION " WHATS THE AVERAGE INCOME OF A FERRARI OWNER"

    MY ANSWER......NOT ANY OF YOUR BUSINESS...MR GREEN
     
  5. mr. green

    mr. green Formula Junior
    BANNED

    Oct 31, 2003
    263
    Wellington,

    I asked for the average Income of a Ferrari owner, I didn't ask you personally. What makes you think your so Important!
     
  6. mighty

    mighty Karting

    Nov 2, 2003
    231
    100k will do it? I was thinking someting like 200k+
     
  7. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    I pull in a mil. / year, but i blow it all on expensive paintings and furniture. oh, and my dog's got a penchant for the "haute milk bones." so, i'm stuck driving this turbo yugo. (at least it's turbo; 0-60 in 4.2 minutes.)
     
  8. whart

    whart F1 Veteran
    Honorary

    Dec 5, 2001
    6,485
    Grandview NY
    Full Name:
    Herr Prof.
    I can't believe that there are no published studies showing the demographics of F-car owners. I would suspect that, for the brand new off the boat cars, the numbers are probably way above average, just given the price of entry. I doubt that those numbers hold up for the average owner, though, because as most of us know, the vast majority of the cars are not kilobuck museum pieces, but nice exotics that can be had by the average breadwinner who is not crushed by mortgage and childrearing costs. I am certain, given the passion we share for these cars, that there will be anomolies, like the guy who puts all his disposable income, and more into the cars, but i doubt these represent an average owner. Just as a result of doing a quick and dirty search and looking at the first hit, i came up with this: http://www.fca2004.com/Mercato/Vendor_Application.pdf
     
  9. vraa

    vraa Formula 3
    Rossa Subscribed

    Oct 31, 2003
    1,504
    Texas
    Full Name:
    Mr. A
    I'm the only one driving this brand spanking new Enzo naked, living in a shack starving? Well this sucks! :D
     
  10. Ferruccio

    Ferruccio Formula Junior

    Feb 2, 2003
    440
    olathe, KS
    Full Name:
    Dan Gordon
    So whats a good down payment 1/2 down 1/3 down etc.
     
  11. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    It could be worse - you could be driving Bill H's GT2! :D :p

    --Dan
     
  12. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Hey, it could be worse... I'm stuck driving this yugo, sneaking away with my dogs gourmet "cookies." Trade ya a cookie for a ride in the enzo...
     
  13. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
    34,891
    Victory Circle
    Full Name:
    HUBBSTER
    I make a bazillion, fafillian, mamillian $ a second :)

    Actually Ferrari did do a study that told them that most of their customers were under 40, and of course had a nice wad of disposable income
     
  14. PSk

    PSk F1 World Champ

    Nov 20, 2002
    17,673
    Tauranga, NZ
    Full Name:
    Pete
    Yes add Mr. Green to your ignore list, which you will find in your 'User CP' menu in the 'Buddy/Ignore Users option' I think. I did and thus every post of Mr. Greens from now on does not contain any content ... thus easy to ignore.

    This is what we asked for and Rob has delivered! :)

    Pete
     
  15. LRPMAN

    LRPMAN Formula Junior

    Oct 31, 2003
    383
    Aiken S.C. & FL.
    Full Name:
    George Pavlisko
    Lets See:
    Money for car and Insurance plus repairs, $75,000.00
    Money for Mistress to go with car, $100,000.00 (Gotta spend more on her OR ELSE)
    Money for lawyer when wife finds out about car and mistress $150,000.00 (this is a one time expense)
    2nd house in another country unknown to wife and mistress to hide the car PRICELESS!
     
  16. ryalex

    ryalex Two Time F1 World Champ
    Owner Consultant

    Aug 6, 2003
    21,398
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    I wouldn't be too surprised to hear that a larger portion of the people buying new cars from FNA dealers are younger, especially in the past 8 years. All the young internet/tech money probably spiked their sales to nouveau riche in the past decade. The secondary market for used cars probably swings the age back up to hit around the FCA average of 52.
     
  17. mr. green

    mr. green Formula Junior
    BANNED

    Oct 31, 2003
    263
    PSK,

    If you want to Ignore my posts that's your perogative. There are some people on this board I don't like either. I would never put them on a Leper's list. Just because I don't like a person doesn't mean I can't learn
    something from them. Even a dummy like me has good Ideas sometimes.
     
  18. PSk

    PSk F1 World Champ

    Nov 20, 2002
    17,673
    Tauranga, NZ
    Full Name:
    Pete
    Yes Mr. Green all good points ... I was really just trying to explain the feature. Consider yourself removed from my Ignore list!

    Pete
     
  19. RDS

    RDS Karting

    Nov 1, 2003
    66
    Elmwood Park, Il
    Dear Mr. Green, My,or anyone else's income is none of your business. If no one replies to Mr. Green's inappropriate questions maybe he'll go away.
     
  20. mr. green

    mr. green Formula Junior
    BANNED

    Oct 31, 2003
    263
    RDS,

    Ferrari has demographics on it's customers, I am not privy to that Information. I never asked you personally how much you make, Why should you be so offended. I usually find that people who get all bent
    out of shape over things, Have something to hide.
     
  21. jimpo1

    jimpo1 Two Time F1 World Champ
    Silver Subscribed Owner

    Jul 30, 2001
    21,815
    Dallas, TX
    Full Name:
    Jim E

    I don't think $200k/yr would do it for a 'brand new' Ferrari, unless you're single, childless and live in a small condo. Funny thing about income, the more you make, the more your 'lifestyle' improves. Bigger houses=higher housepayment. More money means nicer daily drivers too.
     
  22. Napolis

    Napolis Three Time F1 World Champ
    Owner Honorary

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus
    RDS
    As WM has pointed out this info is available with a simple search. If you are not interested in answering Mr. Green's questions such as "Where can one find a larger sized condom" the ignore function that you can access via clicking on /User CP/ is very useful. IMHO a more appropriate question is as "What are the true costs of owing an F car?" (About $2.50 per mile all in) as that is one members of this board can speak towards and the other is answerable with a simple search.
     
  23. CVBJr

    CVBJr Rookie

    Oct 15, 2003
    31
    Yes. Go to the USERS CP page (link in upper right corner) and select the BUDDY/IGNORE List. Copy and paste the username you wish to ignore. Presto! They're gone.


    Curtis
     
  24. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    The average income of an Enzo or 550/575 owner is much more than that of an average 360 owner I suspect. In any event, if you can't pay CASH for a Ferrari, you can't afford to own it ! The maintenance/repairs and other cost of ownership will overwhelm you if you're also struggling to make a $2k+ monthly payment.
     
  25. VPC

    VPC Formula Junior

    Jun 9, 2002
    693
    MI
    Full Name:
    Victor
    I think every time a name gets added to someone's IGNORE list an email gets sent to Rob and the ignored person. If Rob gets 5 such emails for the same person, then that person is BANNED !
     

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