Ferrari Guy wondering why Anybody would buy a Ferrari

What about if the person financed or leased the car ? LOL


Insurance ?
Taxes ?
Freight ? (if they purchased from another distant area)
Unknown ?



This is not limited to just new Ferrari's.

 

Who knows how those persons are attempting to write it off.

 

The Enzo and Stradale owners are happy.

 

Most exotics have similar numbers.Alot of people dont care about the depreciation hit,and if your going to own these types of cars,exotics,the cost of maintenance is part of the deal.The NEW car experience to many is worth the initial depreciation hit.I keep saying to myself that I will never buy a NEW car again,but then something comes out that you just have to have,and.......

 

That's lame.
A friend of mine bought a snowmobile. 12 grands. Crappy winter, coul only ride it 300 miles, still managed to require 500$ in repairs. Add approx 30$ of fuel for 60miles (full tank).
Since he bought it months before a new model came out, the sled was only worth 8g at the end of winter.
Do the math ... that's more than 15$/mile!!!
What can you say ... expensive toys, but you'd have to be nuts to regret it!

 

Its the joy of driving the car is why many owners buy one in the first place. i mean yea you have to be pretty "well situated financially" to buy one, but alot of people (like me) are inspired to work harder so that they can own one some day.

 

This post got me to thinking about the point here.So I started doing some figuring on some cars I have owned.I bought a 94 viper new in 94,and sold it recently.It had 109,000k miles when I sold it.


Tires 5x 1200=6000
oil changes 30x30=900
fuel 14400
depreciation 29,000
Bought it for 54,000,sold it for 25,000

total expenses 50,300

That equals 46 cents per mile.


HEY,I DID GOOD!!!!!!

 

Yeah you did real good. 109k miles in a viper. You should add a line for chiropractor bills.

 

Cars aren't too bad compared to boats. My uncle had a 32' Bayliner - a 'middle class' boat by most standards, kitchen, 2 beds (incl little separate master bedroom), etc.

He added up his receipts when he sold it and it was something like $300/hr to run the boat. Imagine what damage a really big boat or yacht would do!

 

The key is to but a Ferrari that is 2 or 3 models old, to get the best balance between low milage and depreciation. Once these cars have their initial depreciation they hold their value pretty well. As for service you need to maintain it if you want to fight depreciation. The gas, insurance and other costs are pretty much the same as a high end every day driver.

In the end its up to the individual to justify their own vices. I wouldn't give up my Ferrari just because of a few extra expenses....

 

Sorry .. post should have read "buy a Ferrari" not "but a Ferrari"

 

People who buy the 456 , 550 or 575M s new should really have done their research and therefore know what they are getting themselves into. This is completely different from buying a 512, 355 or 328, which you my very well experience appreciation on - if you have a v nice car and look after it. Even the 360 spiders are keeping their money well and when they start to come down it will be a quite gradual drop down from 110K pounds to around 70K pounds or so , surely.
Ade

 

your right aj... sometimes that irrational , emtional side takes over and you just have to have the nicer, newer car.. depreciation be damned!!!you hope you can make it up on your investments... you only live once and life is over iiin a flash