Did you buy used or new?

Speedsterr . . . look, man, I apologize if it looks like I am piling on. That is really not my intent, but in re-reading these posts, it seems like I am being tough on you. What I am trying to do is throw you a lifeline, if you will just grab it.

Here is my intent . . . you say you made an error in entering things in a calculator. That is an easy error to make and any of us could make it. I have made it myself many times. But what we are saying here--and you seem to not understand something basic: The error you made was "conceptual," not necessarily mathmetical.

So, again, in my most gentle typing possible . . . just be yourself. People here are pretty forgiving.

 

I was wearing a off the rack Hugo Boss sport jacket when I was thrown out of a F dealer.

I also purchased the jacket on sale .

 

On the other hand... you make it sound like you're in junior high...

Linked again since it is oh so telling... http://www.ferrarichat.com/forum/142585105-post54.html

 

Must.....resist.....

Sent from my SAMSUNG-SGH-I317 using Tapatalk 2

 

Out of curiosity, where do you live? I have an idea that may help.

 

Bottom line, all of these calculations to see what the best way to purchase a Ferrari so it makes the most financial sense, the answer is VERY simple so I will simplify it for you:
Buying a Ferrari DOES NOT MAKE ANY FINANCIAL SENSE! I don't care if it's new or used, I don't care how it's paid for. If you are worried about it, buy another car. There is no logic in buying a Ferrari, it's bought with emotion.

 

I've got a great rationalization how my used 612 is a better value than the new Corvette Grand Sport I was driving last year. All depends on the spin.

 

Back on topic...I am in a similar position.
Bought my 430 spider used. Then 16M used.
I'd like to consider getting the "newest model" new. I am wondering how it may make "better" financial sense. This in the setting that I trade out cars every 1-2 years.

For example, spoke with a dealer, to possibly order 458 spider - would have to wait around 9-10 months. Would keep it for one year or so and then give back to dealer for "next" model in line. Question is, what do dealers buy back cars for in relation to MSRP after one year? Just trying to understand this process.
Feel free to PM me if you wish not to discuss publicly.

 

Speedster . . . for $155K, here is my suggestion.

Buy a 2009 BMW 750. You can pay less than $20K for it. That is your daily driver. Then, take the remaining money and put away $15K for reserves.

Then take the money and buy a late model 360/430 spyder--best car you can afford under 25,000 miles. And do a thorough PPI.

 

Rationalization is one thing, but the reality is that NEITHER the Vette or the Ferrari make financial sense, if that's what you are worried about buy a Hyundai, they make financial sense, luxury cars are not necessities and are usually not purchased using financial logic (they are for fun and a feel good factor...of course we have to place a value on that as well).

To get back on topic used vs. new:
I also did a lot of rationalizing when I bought my 360. I'm sure it was very close to the rationalizing that you have done too. I figured that the 360 was mostly depreciated so I would lose less money on that car when I sold it than the Porsche (bought new) I just sold. The Ferrari is a much better car, way more fun, and cost 3x the Porsche when new. In my mind (and how I explained it to the wife ) I figured that instead of buying a new Porsche, I am able to drive a really nice Ferrari (used) for a lot less money after all is said and done. At the end, my loss with the Ferrari is a lot less than buying a new Porsche that will depreciate in 2 years the same amount that the Ferrari will depreciate even if I keep it for 7 years!
All that said, you can toss out everything I said if you are good enough to know which cars will appreciate in value and buy those! I'm apparently not smart enough for that, I keep losing large amounts of money when I buy cars. I guess I'll stick with investing my money in real estate, and choose how much I want to "throw away" on car purchases.

 

I bought mine used 10+ years ago, because one cannot buy a new 328. I bought exactly what I wanted, and had wanted since I was in high school.

Now I want a yellow 458 coupe, but it is about 10 years away at current fun money accumulation. That's fine, I still have the 328

 

I had the opportunity to buy a nicely spec'd 2012 California for $65k less (+tax) than the 2013 California 30 that I ended up ordering.

Looking back, I can definitely say buying new was the better option for me. The California 30 is essentially a "scud" version of the California - it's not just a newer car. It is significantly more fun and exciting to drive than the older car. I also got the best configuration for me and a new car. It still smells great after 6 months.

This doesn't mean I won't buy a used Fcar. Many great Fcars are no longer in production. So while budget is not an issue for me if I were to be interested in a particular Fcar and the right used one presented itself I would definitely go for it. But I wouldn't buy a used Fcar simply because it is cheaper.

At these prices I figure I am spending a lot of money buying used or new so I would need to really love the car. It cannot be a compromise purchase.

 

I buy ever car truck used now, I have purchased two new vehicles in my life. Never will happen again. A new Ferrari would be nice because you really can build it how you want it but I'll never drop that kind of money on one car in my life.

 

Sorry if I missed it amongst the kids of instahram Bs, but what car do you drive now?

(not approaching this from a car snob direction... I have one of the least expensive Ferraris, a hatchback, an suv, and some bikes).

 

I think your comment is an example of how some people inadvertently or purposely fabricate their own words into what other people actually wrote. What you claimed I wrote is completely opposite to what I actually wrote. I said I would buy used but only if the used car is exactly what I want and if it isn't I simply won't buy it or I would buy new.

When someone make misleading comments like you just did, it's no wonder how it can eventually lead to people calling you a troll. You should be more considerate and more careful.

For the record, I would never say, and I quote your words, "budget means nothing". IMO, that comment implies the person knows or cares nothing about the value of money whereas my original comments says the value of money in this case, lies in whether you spend it for an Fcar you really value as opposed to spending it just to obtain an Fcar you can afford and possibly not liking it as a result.

I would not buy an Fcar that I am only just able to afford because:

1) it limits me to which specimen I can consider and that means the car may not be mechanically desirable, specs may not be to my taste and there may be hidden issues that would ruin the experience; and

2) because there are always significant additional expenses after you buy a used Fcar like normally-expected repairs, corrections, maintenance and upgrades; and

3) all Fcars are potentially very expensive to buy and maintain, especially later models so if you are going to spend a lot of money anyway, it's advisable to buy the best (but not necessarily the most expensive) specimen and be really happy with it.​

It doesn't matter if you get a big discount on a car model you like but have to put up with an interior or options you hate. You'll just waste a helluva lot of money and ruin your experiences with the car. You probably won't even want to drive it. IMO, this is an example of being penny wise, pound foolish. This is why used car salesmen will deeply discount problematic cars.

When you will spend a lot of money anyway, make sure you have exactly what you want and can comfortably own it. When people don't follow this advice they end up dumping the car and losing their shirt on the resale. It's often better to walk away and save your money.

 

Speedsterr, every week or every other week there is this young guy, maybe 10 or 11ish that comes over to my red car and tells me as we walk around how he's going to buy a ferrari like mine.. how he'd like rather buy the Gallardo than the BMW M5. His dad usually comes in a M3. Nice smart young man that I'm certain will be in a FCar sooner or later. I enjoy talking to him and asking about school and cars, etc.

Then there's the guy in 2005 Lexus 300. He wears the new golf shirt, he's got a Rolex Daytona on his wrist and for the last 2 years he's been shopping for a Ferrari, shopping for a Lambo, shopping for an Aston because he's got a quarter mil he's going to spend on the car. It's always said with a little tude'. Anyway if he's got all this money, why hasn't he bought himself an exotic? Why is he showing up with a $10k watch on his wrist in an $8000 car? If he's got all this money.. where's the exotic? Too much inconsistency out of proportion with what is claimed

Reading on these forums you can pickup conflicting statements that leads the astute to go "hunh?", just like the second guy above. And we've had guys like this on the forum. It doesn't add up, etc. If you've got $155k to spend on a car... you're more than set for a really nice used 430. Heck there's even the odd 599 in that range now. I don't care what station you are in life... we were all students at one point. That doesn't diminish asking a question on this forum or the respect you'll get here or in person.. by being consisent with who they are.

I'm sure you're going to have whatever car you want. I bought mine used. I think you'll find when you're ready, unlike a other brands, a used FCar with a few miles is just as good as new.

 

Well put. Everyone is trying to say the same thing, and doing it very nicely.

 

Everyone has a budget. When compared to buying a new non-exotic or exotic car, it can often be a less expensive ownership experience to buy a good used F or L car. Some have no business buying a new exotic. At the same time, some can afford to buy new; yet choose to buy 'only' used.

 

Curt, I understand your points about aspirations of Fcars ownership playing a positive role in some people's lives vs. someone who just wants to own status symbols, apparently regardless of what they really are. However, I don't see much difference between the superficial aspirations of your 10/11-year-old friend vs. those of the guy with the Rolex/Lexus. They both aspire to own something they seem to superficially view as a status object rather than something they understand from a personal driving experience point of view. Remember, your friend is just 10 years old.

All the same, it is a matter of private personal preference and I see nothing wrong with either of your examples as regards the discussion of buying used vs. new. You can buy used or new for status reasons and buy used or new because you are fussy about the working condition and specification details of the cars you are considering. Both are valid.

If all you need is a status symbol, you can certainly consider the lower-priced specimens with less concern for their condition or personal specifications. However, if you are fussy about the working condition and specification details then you should avoid the lowest priced specimens unless you are an expert Fcar mechanic or have access to one who knows the particular model you are after. All the same, you may still not like the specification or cosmetic details.

My points about Fcar purchase is that if you do care about the mechanical/electrical condition and cosmetic details of the Fcar you shop for then it is highly advisable to shop for an Fcar that is well within your budget so you have a much broader choice to pick from and can comfortably live with your chosen car after you own it. My other point is that with current Fcar models, it can make even more sense to buy new, because the new one, like the Cali30 is also significantly better than the used ones.

 

It seemed pretty clear to me. The option you left out is that you didn't read it carefully enough.

You seem very egocentric and are unaware of it. On another thread you chastised new owners for not picking the interior leather you would pick. That's the point of buying new - you get to pick the leather you want. Don't put others down for their interior choices because you won't get to buy what you wanted used from them.