enzo as an investment???

I think the Enzo over time will be highly collectible. Probably not in his lifetime though. Is he planning on willing it as part of his estate? Maybe he should put it in an LLC and shelter it. If he's nearby he should probably allow me to check it out for him.

It's a shame he doesn't intend to enjoy it.

 

Eric can I ride shotgun??

 

Your asking the wrong guy......

Seriously, he could probably find one for a "fair" deal. I doubt you will find one below market and he would prob. get what he paid for. He wants one with a very detailed history if this is to be an investment. He should also realize the car will need to be driven a bit to keep it in top condition. That is no joke......

I'd be happy to help.

 

No, its not.

Hell, even with my pint sized brain I've managed to put together a stock portfolio that is up 14.3% YTD. The Enzo has depreciated from around $1.2MM to $900k since then...

 

As a very dear friend of mine so eloquently puts it: STOOPS!

 

IMHO, I hope he doesn't get an Enzo or any Ferrari just to store it. The point of having these things is to DRIVE them.

 

i just renewed my membership to the Willis Huang fan club...

 

Lifetime member of the Carbon McCoy Appreciation Club here!

 

I have a good friend in the same situation. Though he did the car thing and was bored and sold them off. It would be a shame to see this car sit and not be viewed.

He might consider forming an LLC for the purchase then donating it for viewing at the local dealership. They may make it worth his while to do so. That way it will be seen by enthusiast, cared for, and he can take it when he wants. Just thinking out of the box.

Glad to help him if needed - Good Luck.

 

Just Great...! Now i've gotta work on ANOTHER newsletter...!

 

I don't know why anyone of these cars are considered investments. The appreciation potential is there, but not quite. I mean, the car is already at $1m. How much more can it go up? There are 30 or so (forget the number) GTOs out there with a racing pedigree. THAT I can see you ask $10+ for it. But these cars are basic technology monsters and the next generation eats up the last one's cache. As a store of money, it aint that bad. I mean, you get to have it, enjoy it, maybe drive it a few times a year. But you store that thing, and you take it out of shelter/storage and you better be taking out your checkbook with the first key twist. Everything on that car is expensive, and I mean EVERYTHING. Oil is $60 a quart? geeeze. The F-50 has been a great investment. I mean, um came out 10 years ago. $650k, and today, is worth ummm $650. The bank at 2% interest/year has been a better store of money than these cars. I firmly believe that the profit potential is already priced into these things