How do I know when I have enough money to buy and daily drive each of the following cars ? Dino 246 400i Mondial Cabriolet 456 F40 (!) Or, put another way...how much is each of those cars going to hurt financially ?
Hi, interesting question. To make it as easy as possible I would use the following formula. Purchase price x 2 = 10% of your net worth. Should be a reasonable proposition at this ratio. I'm sure some will be more comfortable with higher then 10%. But considering you want to daily it, this would be a level I personally find tenable.
I was in the mindset that the other 5% would be for required maintenance. That's why I did the x2 If you set aside an additional amount equal to the purchase price for maintenance for an ownership duration in the long term and you'll be all set! Best wishes to you.
Have a set budget, and spend no more than 75% to get the car in your garage, and have the other 25% for sorting it out. I did this with my first Ferrari, a 456M, and it worked perfectly. I had a $100K budget, got the car off the lot and registered for almost exactly $75K, and it was $19K to get it sorted. Over the time I owned the car, 5.5 years, it needed the rest of that $25K, but I'm a perfectionist, so I got into the realm of a restoration with it. It is still the most bang for the buck car on your list.
Oh brilliant, thanks for clarifying—helpful to think of that, and it makes sense when I go back and look at the various cars and bikes I've owned.
keep in mind the 25% might be a bit conservative since he does plan to use it as his DD. Although Keep in mind also that daily driving is hard in a F40 and Dino, It depends on how far/long you plan to drive em I guess. 365/400/412/mondial/456 are great choices for DDs; do a full PPI, put aside 25% initial purchase price for initial post purchase surprises and enjoy your dream. Best wishes to you.
Your question implies that you are making a stretch. It's a common saying, but it applies, if you have to ask you probably can't afford it. When you can, it will be self-evident. (Not to mention that a couple of those cars are not meant to be a DD)
First off, that is WAAAY too broad of a question, your initial purchase prices range from $40k to over a million, not to mention that the cars you listed are all VERY different from eachother. You definitely need to focus before seriously considering a purchase of this magitude. No, that is nothing but a pretentious blow-off to someone who is starting to plan...completely unnecessary and only feeds into the notion that all Ferrari owners are snooty asses. Who but the filthy rich jumps into something like this without an idea of the cost? I've met many cool owners and would like to think that I'm one of them.
And what do you do for a living??? (Sorry - just thought it was time for us to ask that of the new guys )
Born in the 80's. I've spent the last decade and a bit cultivating a profound gypsy mentality (Read : $300 30-year old Volvo, $1550 Ducati 900 SS, $120 moped...and I loved them all) but now have some extra money floating around and would like to know what other people think is reasonable for a discretionary car purchase. My normal formula is to buy derelict motorbikes and ride them every day, but I've just moved to Germany. It's freezing and autobahny; you can see why a big missile starts to appeal for a german recon mission. Was thinking of rolling my own 456 out of an W124 black on caramel S600 with a manual from Amon Oliver and pipes from Japan. 15k Euro total and sleepier than any of the other options.
The 456 is a great choice for a DD, also it sounds like you know your way around a wrench, this help a TON if you can do the maintenance yourself. Best wishes
I've never stretched for any vehicle...ever, and have no desire to. I've made money on 90% of the vehicles I've owned, but it's always vehicles in a certain loved condition that catch my eye ($300 -> $800. $1600-> $2800 $380 -> painting appraised at $7800, $1600-> $3900, $100 -> $500). I can remember only one where I lost money ($800-> $100, transmission broke). New, perfect cars do nothing for me. I need a story. I like the cars you see in Jordan, Morocco, and Burma. I also like strange ducks like AZ-1's. That's why I'm writing. I need a boost, because I'm just as happy trying to learn how to kickflip a skateboard or riding a bike through the mountains as I am drifting a car or racing an enduro. Probably happier. I saw a silver 412 running around Paris one rainy night years ago; it had a smash in the fender and it looked so comfortable in its environs. It was glorious. A 456 prowled past the Grand Palais more recently and gave me the same feeling. However, I've spent so much time on two wheels in winters—winters so cold that I feel my fingerbones warming up long after I'm back inside—that a car is starting to look good. Even though they're all basically big, heavy, boring heated boxes on wheels, I finally have the means to get something rorty enough to justify buying one. However, I can't work out how to juxtapose my preference for slightly smashed up cars with ferrari-owners' (read : eventual buyers of my car) borderline OCD. The thing is, the old motorcycles I roll around on are so full of character and charm that modern luxury / exotic cars are soul-crushingly dull and over-developed. I could care less about being seen in one. My self-image and my vehicles are entirely divorced. I don't like traction control. If you leave it on you don't know where the limit is, and if you turn it off you might feel foolish if you later stuff it. I want an old car that's not been conceived by a bunch of people in a boardroom and optimized on workstations, but one dreamt up by a visionary, made by people who were turned on by making something exquisite, caressable. Modern cars...an Aventador doesn't even have scissor doors ! Aren’t “Lambo doors” that swing out the mark of an imposter? Remember Bam Margera and his Gallardo, to which he famously added “Lambo doors,” or the magnificent candy-painted that graced the pages of Donk, Box, & Bubble? The mark of an retrofitted scissor door is that it swings up at an angle. I dig wacky door swings as much as the next guy, but you don’t have to be Ken Jennings to know that scissor doors ought to flip straight up. There’s also the association with the VAG behemoth—which owns Porsche, Audi, VW, Bugatti, Skoda, Lamborghini, Seat, Ducati and a couple of truck brands—including Bentley. You can imagine a boardroom meeting where German boffins divide a worldwide customer base into tranches of age, income, hexagon-affinity, family size, and flashiness—then use strangely specific words to delineate suspension, body style, comfort and transmission characteristics that will please a given group of buyer. It’s makes any VAG-group product buyer feel like a statistic. If the normal Huracán costs $65k more than the Audi R8 V10 Plus that offers identical performance, what do they say about Huracán buyers in the board room. Do they consider them connoisseurs or vulgarians? When you find yourself eyeing a Huracán that is only available with 4wd and paddle shifters, and has a fenestrated red plastic cover over a matching red starter button, your first impression might be that the car has been tailored for YouTubers or rich chavs who can’t drive. A second later, you visualize the group of hand-rubbing executives in Wolfsburg and realize that they may know you better than you do. Be satisfied with the paddle shifters and enjoy the starter button. No clutch-kicks for you, clumsy arriviste! Maybe I want an LCC Rocket... but they aren't social. I want an four-wheeled, air-cooled Ducati where I can talk to the passenger (and yes, I have bluetooth headsets), look at a map, eat, and talk on the phone like a car-driving slob. My best guess for that is an F40, but I'm curious to know what the rest of the F40-buying herd have in their bank accounts before clicking "Wire Transfer" The tires, at least, should be more economical, since the power goes through two rather than one.
Only experienced the Dino 246, GT4, Mondial, and 412 - My favorite cars among them being the perennial black sheep (412 5 speed and Mondial t.) I've never driven or been in an F40 - although quite a few members here that own it that I'm sure will be happy to give you the low down. Kind regards.
Good to hear ! Me too. I'd like a silver droptop mondial; I love the idea of a dumpy mid-engined bus (the only mid-engined four-seat cabriolet, actually) or a brown manual 412. However, I think slingshotting yourself through a forest at night behind the bobbing fenders of a dark blue 246, howling up the gears and reducing the universe to a blur of trees, a puddle of light, and that mellifluous le mans pastiche would be the best sensation any of those cars could deliver. I'm 190cm, does that eliminate any of these choices ?
I'm 6 ft and I felt cramp in the Dino (i faced the visor) but the owner is 6'2' and he fits fine! So I think it depends in body structure torso/leg ratio. Not sure if you can adjust rails steering wheel to make more space? I fit very comfortably in the 400, mondial and 456 (with room to spare). I can't help you about the F40, as I never driven or even sat in one. As much as I love the Dino and F40 though, I would be uncomfortable daily driving either from a cost perspective, even at the 10% ratio I mentioned at the start. One thing I love is being to park anywhere and not care about vandalism or damage. Kind regards.
Oh the GT4 felt spacious as well, but felt sluggish off the line compared to a 412 and t, still a blast to drive though. Cheers
Well my inference that you were making a stretch was correct. I admire that you're reaching for the stars, nothing wrong with that. However, I'm trying to inject a bit of reality. Two of the cars you are looking at are close to ten times those prices you paid, and that's for fair condition cars which means repairs/maintenance will be higher than normal. And those are the two cheapest vehicles. Not likely you will get an F40 for under $1MM, and the tires are not that economical, they're not available at your local discount tire store. One option for you if you can find one, is a salvage title car. It will sell at a substantial discount, but keep in mind the same discount will hold true when/if you try to sell it. I've bought a salvage title car and it didn't matter to me because I didn't intend to sell it. If you search the 612/599 forum you can find a well documented thread on this regarding a salvage 612.
This rebuilt F40 from a previously fire is still over $1mm: http://www.samvandalen.com/auto/ferrari-f40 The F40 is an awesome car. The driver's seat is very spacious, but the passenger seat I found very cramped (I'm 5'10"). I'd love one someday, but they are too valuable now to be driven regularly.
I never got the love for the F40. I first saw one around 1995 at a show at Southfork Ranch in DFW. Very raw and uncivilized looking. Wasn't impressed. The F50 is perfect, though: NA V12, mid-engine, manual transmission, and gorgeous swoopy bodywork. That's my unobtanium car.
Both look uncivilized to me, which is why I love both of them. F40 and F50 are my favorite Ferrari supercars. Only the F40 LM and F50 GT are better.