#8. Check out the price... http://www.ebay.com/itm/Ferrari-Testarossa-/321772033296?forcerrptr=true&hash=item4aeb1b9510&item=321772033296 Geno
The yellow 94 is sold, talked to the dealer he said he had no idea how rare it was, sold in 3-4 days, new owner is inspecting and picking up this Saturday. It was funny, he said I think I sold it to cheap, ya think? Good job to the new owner!!!!!!!
Oh man it will (not) be funny when people will be left holding these overinflated cars in a market crash or correction.
will it? some rich dude's car goes from 540 to 300k is a big deal? I bet that guy spends 250k a year on real estate taxes and landscaping and another 500k a year on amex so really, will he care?
I agree. Seems the only people that complain about pricing are ones who don't have or can't afford. They probably think I'm an idiot because I wear a Rolex, everywhere, working in the yard, the car, dinner, the job. Boy I spent way to much.....the watch bubble is going to burst I guess I should have bought a fossil. It ain't always about money, I've said it before it's a want and if they have the means who cares. They want it now, then it's now market pricing, no one goes into these purchases not knowing the risks.
Not to mention as stated before, all new Ferrari purchases crash, so to speak, I don't think they care one bit. Why cause they want it now not later, second hand, they want and can afford now. go buy a new suberban and sell it two years later, it's they thing just a different income.
like seriously - I really question the mental capacity of the people who post on this board. is it that most of them are kids? or people really out of touch with the circumstances. a guy who makes 50K a year and buys a 400K house with 10% down and borrows 90% - yeh that's really bad when the 400k house goes to 200k. if anyone read my "what % of your net worth do u have in cars" thread you will see no one had more than 10% outside of urs truly...which means everyone on fchat who owns a 200K car is worth atleast 2M clean which I call total BS on. so seriously, who are you people? do u think the guys writing 500K and higher checks for cars have never seen a boat depreciate? or an airplane? do you really think they are going to be like omg what am I going to do? do you think its the guy making 50k a year that's levering up 10X to buy a 512M? maybe its just me
You guys are all drinking the cool-aid, nothing doubles overnight or in a few months or whatever. I bought a F-car in May 2013 for $42K. I now see it advertised for asking $200-250K, more than that in Europe. If I were smart I would be selling but I didn't buy it for that... But a lot of us (by that I mean you) want to believe...
first of all its Kool-Aid and no one is drinking anything. fchat is known for "its only worth what someone is willing to pay". now someone is willing to pay prices that piss you off. that's interesting. why do you care? especially if ur basis is so low? are you angry you didn't buy more cars because you didn't have the means to do it? despite what Obama says not everyone gets a trophy. now all of a sudden because some people who don't have the wealth to play today or maybe they didn't play in 09 and 10 think that whats going on is ridiculous? why is it ridiculous? if someone can sell hot dogs for 30 a pop why not? ive paid 70 bucks for a cheeseburger and id do it again. Most of the prices are set by sellers. most dealers don't have the balance sheet to buy cars and "corner" a market. for the select dealers who can buy cars and hold them in inventory, then why shld anything stop them from asking whatever the market will support. If theyre buying cars outright they have every right to get compensated for that risk. Just like any other business. Lets face it, Ferrari is the biggest culprit. F40s and 288s jumped big when laferrari price was announced. The idea that there is gauging is totally ridiculous. Ferraris aren't a commodity like oil.
More lighter fluid Wasnt there a policy that prevented flipping?? Fort Myers | 2014 Ferrari LaFerrari
Not sure that was his point... I think the point was some of these cars that aren't particularly rare are going up extremely quick. This has happened several times before and there were "investors" or whatever you call them driving prices up.. Then prices start to drop and people start selling quick. As far as how much someone has to play... I have noticed everyone is very testy around here regarding if prices will go up or down.. I personally think its a bubble especially on the mid 70's and newer cars but who knows ... I buy cars to drive and enjoy.. I can't imagine buying a Daytona and just letting it sit there. Just my two cents but everyone should relax a bit on the insults.
smart? its been in the press for 4 years - im sure usa today covered it, the ny post did and probably the inquirer also. no intelligence needed.
