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Ferraris and retirement

Discussion in 'Ferrari Discussion (not model specific)' started by mr. green, Nov 9, 2003.

  1. mr. green

    mr. green Formula Junior
    BANNED

    Oct 31, 2003
    263
    I know alot of you spend alot of money on your cars and maintenance.
    Do you also save money for your retirement. Are there some of you who
    don't have savings but are banking on the social security system. Have
    you ever thought that with all the depreciation you have on your cars
    and all the high maintenance bills you would be better off investing your
    money in an appreciating asset such as real estate.
     
  2. scott63

    scott63 Formula Junior

    Nov 1, 2003
    393
    It's our money, we will do with it as we please....
     
  3. Tennlee

    Tennlee Formula Junior

    Feb 10, 2002
    645
    Great Smoky Mountains
    I live in the South. Lotto is what we call our retirement plan. ;)
     
  4. Artherd

    Artherd F1 Veteran

    Jun 19, 2002
    6,588
    Bay Area, CA
    Full Name:
    Ben Cannon
    I for one am driving a Ferrari, while collecting unemployment, and living in a sweet condo in Florida.

    I don't actually work or earn any income at all, just live entirely off the system and fleace it for I can.

    I plan on claiming social security myself, as well as 3 or 4 other SSNs (checks obituarys)
     
  5. tonyh

    tonyh F1 World Champ
    Owner Lifetime Rossa

    Dec 23, 2002
    14,372
    S W London
    Full Name:
    Tony H
    we're counting on kids like you you to support us in old age....
     
  6. Hubert888

    Hubert888 F1 Veteran
    BANNED

    May 14, 2003
    5,377
    Manhattan & LA
    Full Name:
    Hubert
    Mr Green...buying a Ferrari isn't all about worrying how much the car will depreciate....worrying how much the maintenance is going to be each month. But if it is for some people, I think that they should be better off postponing their desire to purchase a Ferrari. One should never dig their own financial grave over a car.
     
  7. Glassman

    Glassman F1 World Champ
    Silver Subscribed

    Apr 23, 2002
    12,868
    When I turn 60 I'm going to sell my cars for a huge profit and then retire comfortably on the income.
     
  8. MedMech

    MedMech Karting

    Nov 2, 2003
    81

    That's your opinion and your also an idiot, do the math.
     
  9. wazza

    wazza Formula Junior

    Oct 9, 2003
    614
    All you ever seeem to ask about is money.

    How much do own
    How do we save it.
    How much do we spend

    Just money, money, money.

    It seems to me you have no place on this forum.
    You certainly show no interest in the cars.

    One day somebody is going to give this guy too much information.
    Then find out he's been fleeced..

    I JUST DON'T TRUST HIM.

    GO SOMEWHERE ELSE.
    YOU DON'T BELONG HERE.

    Sorry guys.
    He just makes me so angry

    Wazza
     
  10. Napolis

    Napolis Three Time F1 World Champ
    Owner Honorary

    Oct 23, 2002
    32,118
    Full Name:
    Jim Glickenhaus

    Money really has nothing to do with loving cars. There are many great cars that can be had for very little money. Buy an old MG. give it a good tune. Take it to the PCH with someone you care about. Watch the sunrise over the Pacific Ocean. Drive until the sun sets, stopping often to enjoy the view and the places you come to. Wealth has nothing to do with money. It's friends, family and fine roads. Lucky people have those. I've met just as many car guys and girls at local cruise nights as I have at Pebble Beach. REAL car guys don't worry about what something costs or what it's worth. They certinally don't worry about whether or not it's gonna depreciate. Don't get angry Wazza. Click on "User CP" and add him to your ignore list. Life's too short to get angry.
     
  11. wazza

    wazza Formula Junior

    Oct 9, 2003
    614
    Napolis,

    You're so totally right.

    Thanks I feel better now i've just kicked the cat shouted at the missus
    and now i'm going for a nice long peaceful drive:D:D:D

    Wazza
     
  12. vincent355

    vincent355 F1 Veteran
    Rossa Subscribed

    Apr 8, 2003
    5,621
    Wine Country
    Full Name:
    Vincent

    When I retire I'm going to buy Bill's cars.

    Vincent.
     
  13. Artherd

    Artherd F1 Veteran

    Jun 19, 2002
    6,588
    Bay Area, CA
    Full Name:
    Ben Cannon
    Very well put James.

    "Money really has nothing to do with loving cars. There are many great cars that can be had for very little money. Buy an old MG. give it a good tune. Take it to the PCH with someone you care about. Watch the sunrise over the Pacific Ocean. Drive until the sun sets, stopping often to enjoy the view and the places you come to. Wealth has nothing to do with money. It's friends, family and fine roads."
     
  14. vanimal

    vanimal Formula Junior

    Mar 19, 2003
    380
    UK
    Full Name:
    Vaughan
    Does this question imply only people in the US of A own ferrari's - social security!!! Mt Green, why dont you rather spend your internet time and attempt to broaden you knowlege of the rest of the planet.
     

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