Just sold my Ferrari... | FerrariChat

Just sold my Ferrari...

Discussion in 'Ferrari Discussion (not model specific)' started by DrG., Jul 31, 2015.

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  1. DrG.

    DrG. Karting

    Jan 2, 2010
    184
    Limassol-CYPRUS
    Full Name:
    George Eleftheriou
    #1 DrG., Jul 31, 2015
    Last edited by a moderator: Sep 7, 2017
    My 2003 Ferrari 360 Modena is now sold and ready to be shipped to the UK. It was my dream as a child to be able to drive a Ferrari one day, or at least taken for a ride.

    Indeed, my dear friend Alexandros gave me the opportunity to drive his first Ferrari, a 348 TB Speciale in 2008. And a few months later, in July 2008 I acquired my own Ferrari, at the age of 37.

    7 years of Ferrari ownership, the 360 has been superb to drive, beautiful to look at and very reliable. Never had any issues with it (and it was not kept as a garage queen...In fact I did 24,000 miles in it, which in Ferrari terms is not a few).

    Some friends were surprised to hear that I was thinking to sell my car, but they were actually shocked when I said that I am not planning to upgrade! I had said to myself once, that if I ever sell my Ferrari, there had to be another one ALREADY in the garage. But here I am, not having any intention to buy another one (or any other high-end sports car). The reasons are not financial.

    The ‘supercar ownership’ thing, has died in me. I had the chance to drive many sports cars: Lotus (Elise, Evora), Porsche 911’s (Carrera 4S, turbo, turbo S), Lamborghini (LP 560/4), Bentley (Continental GT), Aston Martin and several Ferraris: 348, 355, 360’s, 430’s, 599GTB, California, 458 Italia. Absolute favourite –by far- is the 458. It’s not easy to put in words how good that car is.

    So why do I feel I am done with this?

    Part of the whole experience of owning such a car are the worries you have about it. Before you decide to go somewhere, the following boxes need to be checked:
    - is the road wide enough
    - is there enough ground clearance
    - will there be a safe place to park
    - will it attract a lot (the wrong type) of attention
    - have the technicians at the garage carried out the service following factory guidelines?

    At some time, these worries start to weigh-in more and take part of the fun away. You also start to get used to the design of the car, the engine sound, the acceleration and the same applies to other more powerful, more expensive, faster cars too...
    I have to say that the idea of getting myself a ‘different’ toy like an Ariel Atom or a KTM X-Bow briefly crossed my mind. But no, that’s it, I’m done.
    It’s not a bad thing to own a high end sports car, on the contrary it’s a great, unique experience. But it must not occupy a large part of your time, peace, heart and mind, so it’s down to the owner’s own approach. Mine was all wrong. I worried too much and I was too enthusiastic. And the first one, killed the second.
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  2. Super_Dave

    Super_Dave Formula Junior

    Oct 6, 2014
    710
    USA
    Full Name:
    Dave
    Very thoughtful, candid post.

    I just added to my "garage" of cars, an even more exotic one. This after already having a hard time with parking, bad roads, etc... But while I take care of my cars, and really do see them as almost extended family, I draw the line at being overly worried. It is difficult, psychologically, to draw the line, and that can really take away from the experience.

    But you really do make some great points. Frankly, a lot of it (the becoming acclimated concept in particular) can be applied to many things in life!
     
  3. DrG.

    DrG. Karting

    Jan 2, 2010
    184
    Limassol-CYPRUS
    Full Name:
    George Eleftheriou
    #3 DrG., Jul 31, 2015
    Last edited by a moderator: Sep 7, 2017
    Obviously some people can manage being 'not too worried'...
    Even after the payment had been cleared in my account and we were done with all paperwork, I offered to help load the car into the container safely, so as to make sure that the next owner gets what he had paid for. And of course, I had the car properly washed and detailed before giving it away. :)
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  4. Todd308TR

    Todd308TR F1 World Champ

    Nov 25, 2010
    11,074
    LA
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    Todd
    The age old question. Do you own your things or do your things own you?
     
  5. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,515
    Honolulu
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    Kevin
    #5 Kevin Rev'n, Jul 31, 2015
    Last edited by a moderator: Sep 7, 2017
    Thanks for putting your thoughts down. I too share those same worries that take away from the joy of ownership experience but am still drawn to my car. Sounds like you really got to know your car. Once the bad outweighs the good you are right to move on. I am pretty sure that my next fun car will be one of these. I am posting this up in case you had not considered a Morgan 3 Wheeler.

    They look great dirty, are simple, small and sporty.
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  6. DrG.

    DrG. Karting

    Jan 2, 2010
    184
    Limassol-CYPRUS
    Full Name:
    George Eleftheriou
    !! In fact I am considering one of these, but with the warplane theme (military green). I just don't consider the 3-wheeler as a 'sports car' or even a....car!
     
  7. Manda racing

    Manda racing Formula 3

    Feb 25, 2015
    1,270
    Bakersfield, Ca
    Full Name:
    Mark
    My biggest fear is pulling up to the curb in front of the patio dining; getting the door for my wife and then the curb is too high.

    We're off to San Diego -- Ford pick up or Ferrari? Ferrari stays in garage.
     
  8. blackbolt22

    blackbolt22 F1 Veteran
    Silver Subscribed

    Sep 25, 2007
    5,808
    Boca Raton, FL
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    Mr. Anderson
    I understand at least partially. Ferrari ownership isn't a big deal to me anymore. I've always been a bit modest about owning one to others. December will be 6 years with this one. A new 458 spider wouldn't make it any better.

    I find I rarely drive it lately because of some of the reasons you mentioned. It's much easier to hop on the motorcycle or take the other car.

    No. I am not selling though.
     
  9. ncjetskier

    ncjetskier Formula 3

    Jul 7, 2012
    1,416
    Eastern NC
    Full Name:
    Chris
    Interesting post.

    Some of my older customers / friends have told me "enjoy it now because as you get older, you start to not care about things like fast cars". Maybe you have just reached that age?

    For me, my 360 is just a car that is a toy. Considering that the cost of my used Ferrari was about the same as a new Escolade, I don't really worry about the car. If I dent it, or it gets messed up, it is nothing that money cannot fix.

    For me, my car is currently at the dealership having the dash redone. It has been gone 2 weeks out of the month it is going to take to fix it. I kind of miss the 360 as there are some mornings I think "man I wish I had the car to raise some he!! on the back roads on the way to work". The kind that makes your pulse go up and breathing a little bit quicker.
     
  10. traimpz348

    traimpz348 Formula 3

    Apr 13, 2004
    1,568
    Avon,CT
    Full Name:
    Matthew
    I did the same thing, but had the added component of maintaining a 348. I sold it after 7 years. Too much money on maintenance. Worried about parking, etc. Worried if I broke down- would I have access to a proper flatbed, on, and on, and on.

    Much like you I thought I was done. I would just enjoy my 1956 Austin Healey. After about year 3 I realized how much I missed the Ferrari. So I bought a 360 last year.

    You may not know it now, but - you might be back....
     
  11. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    +1
     
  12. Bengalfed

    Bengalfed Rookie

    Sep 15, 2010
    33
    Italy / USA
    Full Name:
    John Speed
    I woke up one day and I gave up a long streak of Ferraris for a Tesla, now two Tesla and more to come. I gave up sound, speed, for something different, very different and for more or less the same reasons plus some. After 1 1/2 years of not owning ICE cars anymore I can safely say I could not go back there anymore. I still loved them dearly and still go to Maranello 3 or 4 times a month to meet friends, eat at Pasticcino, test things, play, but the real love is over, I felt a strong need to move on.
     
  13. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
    24,033
    Coolum Beach AUSTRALIA
    Full Name:
    Karen H.
    Very interesting and thoughtful comments... Although I'm not ready to give up my 308 just yet, I know the time is not too far distant. I always knew the day would come eventually due mainly to a problem I have with my shoulder, but more and more I find my drives just aren't as enjoyable as they used to be due to the nanny state and the fact that I've pretty much driven every road within about 6 hours drive of home, plus all Australian states except Tasmania and the Northern Territory, so I've pretty much 'done' it as far as driving is concerned.
     
  14. 308mon

    308mon Karting

    Oct 5, 2014
    169
    UK
    I used to worry and fret along similar lines to the OP. All that changed when my wife died.

    Ever since then I take each day as it comes and try to enjoy life and my "toys" whilst I'm still healthy and able to do so without being a nuisance or burden to anyone else.

    Although as one gets older thoughts about being sensible and practical do fog my mind from time to time but these thoughts are soon curtailed when I say to myself "what the heck, since when have I ever been sensible let alone practical".
     
  15. mclaudio

    mclaudio Formula 3

    Dec 13, 2003
    1,272
    Seattle area
    Full Name:
    Claudio
    DrG., I appreciate your post. As an experiential car "collector", I can understand how being able to use/drive the car is an important part of the car hobby. Functionality and usability are keys to great car ownership experiences. You were smart and pragmatic in selling your 360.

    I used to have several collectible type cars at a given time, until I was spending more time scheduling when to drive certain cars to keep them in track or roadworthy condition or when to complete certain car projects. I also became too worried about mileage/wear/tear on the nicer cars such that the hobby was not as fun anymore.

    Nowadays, I only keep up to two hobby cars at a time. And with my current lifestyle, even this is too much at times. Therefore, I consider myself more of a purger than a collector; and only have cars that I can enjoy without worrying about usage, mileage or minor damage. I also prefer cars that I can enjoy with friends/family.
     
  16. JG333SP

    JG333SP Formula 3

    Mar 24, 2010
    1,871
    N Shore, MA
    Full Name:
    Jim G
    Well said. Nobody actually needs these cars-if it's not fun you have to find another game to play. Just don't get a Porsche haaaaa
     
  17. David Lind

    David Lind Formula 3

    Nov 19, 2008
    2,248
    Full Name:
    David Lind
    308mon:
    I'm very sorry your wife passed away. Come to the States someday and let us F'Chatters know in advance where you'll be. I'm certain a lot of us would take you driving (& let you drive) on some of our entertaining US roads.
    God Bless, David
     
  18. southnc

    southnc Formula 3

    Dec 25, 2013
    1,765
    Charlotte, NC
    Full Name:
    Adam
    Looks like it has machine guns on the side.
     
  19. braq

    braq Karting

    Mar 29, 2010
    227
    Hill Island
    Full Name:
    Paul XXXcX
    DrG, I am very happy for you. You were able to afford it, enjoyed, and have experienced what you hoped for (the miles!). Now you are through with the topic and have done a very sensible thing...good for you.
    I am enjoying very much having a modest F-car around for occasional pleasure and am happy downsizing from up to 8 fun cars as I realized I can actually only sit in one and they were absorbing to many resources (money and much more time wise),

    cheers

    braq
     
  20. southnc

    southnc Formula 3

    Dec 25, 2013
    1,765
    Charlotte, NC
    Full Name:
    Adam
    The road today is filled with drivers who:
    1) Can't drive
    2) Are disrespectful to other drivers
    3) Often don't even have a license
    4) Are under or not insured at all

    The laws of the road today implicate any form of "aggressive" (high speed, precision maneuvers) has automatically guilty over real infractions by other idiot drivers.

    It is enough to make most of us want to quit driving around in a special car. I give credit to those who hang there. Perhaps in the future, when we have self-driving cars available, only those whom actually take the time and expenditures to to be a proper driver will be allowed to control the car.

    If your scared off the road, consider Aviation:
    1) No Speed Limits (Ok 250 knots below 10,000 - but c'mon!)
    2) Everyone knows what they're doing and are well trained
    3) Virtually all pilots are courteous
    4) Federal License - no state imposed rules, other than noise abatement
    5) You can fly direct virtually anywhere, except for a few restricted zones you have to fly around
    6) Operating in 3-dimensional environment is more fun and more challenging
    7) You can obtain many ratings as you become more proficient
    8) Planes now have BRS for safety and "glass panel" avionics
    9) Planes are way cool and some can travel at incredible speeds
    10) Too many others to list
     
  21. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,543
    Charleston, SC
    Full Name:
    Curt
    The ONLY "thing" I would trade my 360 for is a Cessna Citation (good short field performance).

    DrG. I'm glad that you had the courage to make that decision but part of me wonders how soon you'll be back in an FCar. :) I can't imagine my life without Bellissima in the garage.

    Though.. I know that life does change. As I get older, the experiences I crave might change to "different" things. At that point if my red car isn't one of those.. I'll move on to other things. But somehow I know that life without a Ferrari just wouldn't be the same. :)
     
  22. DrG.

    DrG. Karting

    Jan 2, 2010
    184
    Limassol-CYPRUS
    Full Name:
    George Eleftheriou
    vrsurgeon:

    As I have quoted in my post, I could not imagine myself not being a Ferrari owner, even for a day. But things do change...With the money I got from selling my 360 and with just 9k euros on top, I can get a really nice 2006 (late) 430 Spider f1 that is for sale in Cyprus. But I won't. I just don't want to.
     
  23. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,451
    On the Limit
    Full Name:
    Dino
    I have been driving and enjoying Ferraris since my 20's on both road and track. Over the last 30 some odd years there have been Lotus', Porsches and various other exotica, but I have always managed to use them without stressing. They are nice to look at, but the real pleasure for me is attacking a challenging corner at 30mph faster than one could in a 'normal' car, and realizing that you could have added another 15! Learning the car, it's limits.... as well as your own and improving your skills song the way.

    Sure, there was always the search for a decent parking space, avoiding potholes, etc, etc, but I always serviced my own cars and take care of them, so none of these things have been outrageously expensive for me to own..... even the Fiat X1/9 got the royal treatment back in the day. But none of them ever owned ME.

    If these things (and they are just things) control your life and limit your enjoyment, it just might be time to move on to something else. Shuffleboard anyone? :)
     

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