Educate me: What's an "investment Ferrari"? | FerrariChat
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Educate me: What's an "investment Ferrari"?

Discussion in '348/355' started by Husker, Sep 7, 2006.

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  1. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    #1 Husker, Sep 7, 2006
    Check this out:

    http://cgi.ebay.com/ebaymotors/Ferrari-348-TS-INVESTMENT-1989-FERRARI-348-TS-ONLY-22-000-ORIGINAL-MILES_W0QQitemZ160027692333QQihZ006QQcategoryZ6212QQrdZ1QQcmdZViewItem

    Does "investment Ferrari" simply mean it's overpriced by $10,000?

    I noticed in his text he says "In my opinion the 348 is the next Ferrari to appreciate in value." Hmmmm. He wouldn't have that opinion because he's trying to sell the car, now would he?

    Is this guy an investment advisor, a car dealer, a crook, both, or neither?
     
  2. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
    7,645
    Northern California
    Full Name:
    Greg Calo
    #2 GCalo, Sep 7, 2006
    a) investment advisor-well, with a name like "Schmidt" which rymes with "----" I seriously doubt it. However, he would prefer you invest in his sale.

    b) a car dealer- well, he does try to sell acrs. So, maybe something there.

    c) a crook- Dick Nixon was the last crook. So, this title has been taken.

    d) neither- very doubtful

    When times are tough everyone has a gimmick just like the real estate folks now convincing average joes to buy foreclosures especially the ones they have listed!

    If anyone thinks investing in a 10 year old car series is an investment, I would love to talk with them. I have a deal for them!
     
  3. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    18,645
    California
    Full Name:
    Ethan Hunt
    #3 TheBigEasy, Sep 8, 2006
    Investment Ferrari = Lie you tell to get permission from the wife
     
  4. notbostrom

    notbostrom Formula Junior

    May 8, 2006
    957
    Orlando, FL
    Full Name:
    Ben
    #4 notbostrom, Sep 8, 2006
    Hey.... I resemble that remark
     
  5. Husker

    Husker F1 World Champ

    Dec 31, 2003
    11,792
    western hemisphere
    #5 Husker, Sep 8, 2006
    hehehe. me too.
     
  6. dcghostrider

    dcghostrider Karting

    Jun 28, 2006
    169
    #6 dcghostrider, Sep 8, 2006
    Just like the word "Rare" which is thrown around all the time.



     
  7. rpps

    rpps Formula 3

    Aug 20, 2005
    1,828
    Bergen County, NJ
    Full Name:
    Richard
    #7 rpps, Sep 8, 2006
    a 430. buy it at list flip it for 250k for a coupe and a spider for 300k or more.

    i would consider that an investment ferrari. net some decent profit.
     
  8. gothspeed

    gothspeed F1 World Champ

    May 26, 2006
    10,244
    U.S.A.
    Full Name:
    goth
    #8 gothspeed, Sep 8, 2006
    Too funny man, you are right! Investment Ferrari is definately what you call the f-car one is selling :)!!
     
  9. sguinn

    sguinn Karting

    Nov 12, 2005
    151
    Arkansas
    Full Name:
    Spencer Guinn
    #9 sguinn, Sep 8, 2006
    This is the same guy who told me that I didn't know sh*t, and then hung up on me when I implied that the 30K service was due (last was 15K in '01). He also told me that he is close personal friends with Enzo Ferrari himself! So maybe he has the inside track of the investment potential from "the man upstairs"....

    http://ferrarichat.com/forum/showthread.php?t=118373

    Spence
     

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