News

How much can I spend on an F12tdf?

Discussion in 'FF/Lusso/F12/812S' started by italiafan, Jun 12, 2020.

?

How much money in liquid assets should I have to go for it! In USD $$$

  1. > 1M

    7 vote(s)
    8.1%
  2. > 2M

    7 vote(s)
    8.1%
  3. > 5M

    21 vote(s)
    24.4%
  4. >10M

    29 vote(s)
    33.7%
  5. > 20M

    10 vote(s)
    11.6%
  6. > 30M

    6 vote(s)
    7.0%
  7. > 50M

    6 vote(s)
    7.0%
  1. LightGuy

    LightGuy Three Time F1 World Champ
    Silver Subscribed

    Oct 4, 2004
    31,433
    Texas
    Full Name:
    David
    To me the primary factor is depreciation.
    A TDF at double the price makes more sence than an 812.
    The TDF will still depreciate but not as badly.
    I said 5M.
    If depreciation not a priority 10M.
     
  2. uhn2000

    uhn2000 Formula 3
    Silver Subscribed

    Oct 15, 2011
    1,881
    Toronto
    Full Name:
    Joe
    Bang on!
     
  3. j34

    j34 Karting
    Rossa Subscribed

    Jun 13, 2019
    94
    Massachusetts
    Full Name:
    J
    10-20% of liquid net worth (total spent on cars, not single car) if you’re between say 7.5M and 20M. Above that it doesn’t really matter as much and could easily go with a higher percentage, provided you don’t have big expenses like vacation homes, private schools, etc still on radar
     
  4. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    13,282
    7 in cars, 7 in houses, and 7 in investments wld work nicely!
     
    LARRYH and uhn2000 like this.
  5. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    I thought there would be a higher % answering 20M and above.
     
  6. Thecadster

    Thecadster F1 Rookie
    Rossa Subscribed

    Apr 27, 2017
    2,672
    $20M liquid, truly unencumbered assets? That’s a crap ton of dough. Most people put as much money to work as possible, right? Business owners can accomplish triple digit IRR’s. Why run $20M liquid outside your business?
     
    Andynyc likes this.
  7. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    By “liquid” I meant invested in broadly diversified accounts, stocks and bonds, etc., not tied up in illiquid investments (like the family farm).
     
    ZF123 and Thecadster like this.
  8. tbuff

    tbuff Formula Junior

    May 15, 2005
    565
    Post that on a website full of rich wood carving folks or bird spotters and you would probably get those numbers. But your target audience here is heavily biased and want you to post pics when you get it
     
    uhn2000 and Thecadster like this.
  9. IPO1

    IPO1 F1 Rookie

    Dec 23, 2015
    3,383
    ...is it here yet...:D
     
    mikesufka and Eilig like this.
  10. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    You guys are killin’ me. :D
     
    mikesufka and Eilig like this.
  11. IPO1

    IPO1 F1 Rookie

    Dec 23, 2015
    3,383
    So is that a yes :)
     
  12. Solid State

    Solid State F1 Veteran
    Rossa Subscribed Owner

    Feb 4, 2014
    5,262
    Full Name:
    Comor Bidity
    No qualifier for age or health? What if you were over 65 do you still need $20M to get the car of your dreams? How about 45 yrs old with heart disease? Anyone seriously thinking about an F12Tdf probably can afford it. You'll lose much more on any new Ferrari so its not that hard of a decision.
     
    LVP488 and italiafan like this.
  13. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    God knows...my 812 has probably already depreciated more in the last 2 months of driving (3K miles) than a garaged F12tdf would have....but I love to drive.
    Funny thing I was hoping this poll and thread would have highlighted to me my foolishness even thinking about it but you bastards are talking me into it! :D
     
    stavura, C50, Solid State and 3 others like this.
  14. j34

    j34 Karting
    Rossa Subscribed

    Jun 13, 2019
    94
    Massachusetts
    Full Name:
    J
    Agree with your points. If older or unhealthy totally agree.
     
  15. mikesufka

    mikesufka F1 Rookie
    Silver Subscribed

    Mar 4, 2006
    3,361
    St. Cloud, MN
    Full Name:
    Mike Sufka
    I voted $10M ( stocks & bonds )

    What color are you looking for ? ;)

    MDS
     
  16. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    Triple yellow....:)
     
    Thecadster and mikesufka like this.
  17. mikesufka

    mikesufka F1 Rookie
    Silver Subscribed

    Mar 4, 2006
    3,361
    St. Cloud, MN
    Full Name:
    Mike Sufka
    Will be fun watching this unfold ... good luck fine Sir.

    MDS
     
    Thecadster likes this.
  18. Thecadster

    Thecadster F1 Rookie
    Rossa Subscribed

    Apr 27, 2017
    2,672
    This is a great thread. Now you got me looking at McLaren Senna’s...what the.....?
     
    ZF123 and plastique999 like this.
  19. Shack

    Shack Formula 3
    Rossa Subscribed Owner

    May 2, 2005
    1,959
    Earth
    Wrong forum to ask on - and you knew that :). With interest rates so low and the TDF holding up pretty well its not even a discussion. In my Geo cars (488's Huracan's, 720S's etc) are moving "at the right price". People need/want relief from the current chaos and when u get to 50+ you choose to "live" or "exist" IMO. Nothing new here :)
     
    LARRYH likes this.
  20. dcmetro

    dcmetro F1 Veteran

    Nov 27, 2007
    6,862
    Paris , France
    Full Name:
    Olivier
    Dear Stickbones, you're on the number one Ferrari fan & owners forum of the world, not on Scrooge McDuck Fan's page ! What did you expect ?

    We won't play the moderating wife traditional role.

    In the name of the Ferrari community, buy it and drive THE F.U.C.K out of it.

    "Nobody ever saw a coffin with a safe attached to it"
     
  21. Eilig

    Eilig F1 Rookie
    Rossa Subscribed

    Aug 31, 2001
    2,577
    Full Name:
    Cavallo
    " When was the last time you saw a hearse pulling a U-Haul trailer? "
     
    4_Eff_Sake likes this.
  22. italiafan

    italiafan F1 World Champ

    Jul 19, 2006
    10,166
    USA
    Full Name:
    Stickbones Swagglesmith
    The personality that increases chances for financial success often can be a double-edged sword when it comes to spending money on toys.
    I am very conservative with money, and wrestle with these inner debates all the time.
    I also adore the 458 SA and came across the most beautiful spec ever, for sale here on FChat. A large part of its price premium is that it still has basically delivery miles. Therefore, if I love to drive I am the one who will be paying for the “new” car. And thus for me one with 5-10K miles on it is a better all around option. The same applies to an F12tdf. If I am going to drive the **** out of it I’d like to find a well-cared for example with many miles on it rather than pay the “collector car” premium.
    Furthermore, I don’t buy into all the “doom and gloom hysteria” that so often is found on the internet regarding global markets and politics. But these markets are seemingly nuts to me right now. I’d be irritated with myself to pay a premium and 12-18 months from now find my investments down massively and see real bargains out there on exotic cars.
    The other “problem” I have is I have a nice complementary stable of car’s right now, I love each one of them for what they do differently, and can’t see selling any of them...and my garage is bursting at the seems.
    I was actually kind of hoping this thread and poll would highlight my folly, but it appears to be doing the opposite. :)
    I fantasize that if I could only have 2 Ferrari’s in my garage they would be an F12tdf and a 458SA, and have the courage to drive each like a “regular” F12 and 458 Spider.
    Perhaps it will evolve to that over the years because the new cars coming do nothing for me (except maybe, just maybe the F8 Spider with a Novitec exhaust).
     
    ZF123 and Thecadster like this.
  23. uhn2000

    uhn2000 Formula 3
    Silver Subscribed

    Oct 15, 2011
    1,881
    Toronto
    Full Name:
    Joe
    I call it miles for smiles and if you buy right you just might be able to enjoy the car and you never know it might not deprecate as much as you think. I too want a TDF and would consider replacing my 812 and Speciale for it; but it’s an interesting premium predicament especially when you like to drive them. My theory is to think of some of these cars as lifelong keepers and the hell with what they are worth when I can’t drive them anymore. You hope to have enough money not to care or have enjoyed them enough (soul filling) to part with them in peace.
     
    of2worlds, italiafan and Bundy like this.
  24. j34

    j34 Karting
    Rossa Subscribed

    Jun 13, 2019
    94
    Massachusetts
    Full Name:
    J
    Problem is so many of the best cars are very mileage sensitive: F12 TDF, F50, Enzo, 288 GTO, etc. Once you go back to the 60’s and 70’s some are not as mileage sensitive like the 275 GTB. That’s why I’m waiting until I don’t care if I burn the $ enjoying those top end cars before I consider buying.

    If we all had a pact to actually drive our cars the values wouldn’t be as mileage sensitive, but given there’s too many collectors that don’t drive them I don’t see it happening!
     
  25. ScrappyB

    ScrappyB Formula Junior

    Oct 3, 2017
    482
    Full Name:
    T
    Cars aren't meant to be stationary for years on end. Engine and chassis components need to move/rotate, lubricate and go through thermal cycles. A dealer once told me it's the very low mileage cars which are often the most problematic. I believe him.
     
    stavura, uhn2000 and Bundy like this.

Share This Page