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Discussion in '458 Italia/488/F8' started by SoCal to az, Mar 9, 2020.
Yes, even Ferrari’s.
Yes, even some limited edition Ferrari’s.
Virus ain’t helping but agree
You’ve been busy on here. But often a voice of reason.
Amen to that, my friend.
I must admit, on a very personal note, to an extent, I even get a kinky kick out of depreciation: I can afford to have fun and drive. In the end, it’s just money. Life can’t be measured in numbers.
I also like buying OEM accessories and add them to my car, knowing I won’t get the money back one day when/if I decide to sell.
I’m OK with depreciation and fun eating my hard earned buck away. As I said in a different thread, cars in my view are intended to be a grown man’s toy. One’s profit/spare cash should be used to have fun. You only live once. Better to lose money in something like a depreciating italian exotic supercar, expensive holidays, etc than paying for a hospital bill.
And I’d like to add to your very well put statement regarding depreciation: fun comes in the form of racking up mileage. Stop worrying about mileage. Buy condition.
And... Opportunity costs exist even when depreciation doesn't. You are going to lose money on anything but a quick flip, so enjoy it! ;-)
THIS IS NEWS TO ME.
No, I refuse to accept this!
It's a gorgeous early spring day in DFW. I'm just about ready to drive up the value of my F-car by piling more miles on it. So there!
Seems now more than ever these threads and posts pop up. Just a simple analogy, I bet many people here lost more in the market in one day than the total cost of a Pista. How's that for perspective?
much much more!
Tomorrow is not guaranteed....live every day like it’s your last one....and drive, drive, drive!
Yup. I rather to have a pista in my garage than looking at the graphs on the computer. Well, I meant a SA, not pista.
Stocks depreciate too.
That may mean less demand for used Pistas and new ones.
Well we win some and we lose some. As long as the balance is on the green, better to lose money enjoying a car and trading it in for a new one, with your personal spec from the factory, than seeing a bunch of numbers shrink on a piece of paper.
It all comes down to the losses you’re willing and able to accept and live with. Lighting up a cigar with a 100 USD bill... I take no pleasure in that loss. Losing >100 USD on a full tank of gas on my Ferrari? Give me that deal any day of the week.
We all take a hit or two once in a while on the market. Those who tell you differently aren’t being candid about it. While stock performance does play a role in the value of supercars, desirability is a complex thing made of a number of variables, can’t be pinpointed to a single factor, although some contribute more than others.
I always think of the supercar market’s ups and downs like an NTSB investigation of a plane crash: it takes a chain of events. Very rarely can an outcome be attributed to one isolated event.
Depreciation is a full gone conclusion 100%
Issue for some like me if it’s too much it’s hard to justify upgrading
Otherwise I couldn’t care less about depreciation
Very sound advice on this thread. Falling on deaf ears though. Most will not be driven.
I love one FChat’s take on this subject when he says “My Ferrari is a depreciating asset that continues to bring me dividends every time I drive it.”
I only walk past my cars on the left side to minimize depreciation.
Personally, I think that judging/choosing cars for their possible appreciation or depreciation potential is like judging a fish by its ability to climb a tree.
The classic supercar market usually rises when the markets go belly up. Inversely, the new supercars market goes down when the markets go down.
Bottom line? Drive it. If you lost money on a car, you made the most of it. If you made money on a car, good for you, but that isn’t what a car is for in my view: it’s for driving and having a good time.
These things were meant to be driven, not speculated upon. Appreciation/depreciation are completely secondary aspects of owning a car. Like fuel consumption: a lot of people approach me at a gas station and ask about my 458’s MPG. I honestly to this day don’t know if I’m getting 15 or 50 out of it, and couldn’t possibly care less.
I’ve always found the gas mileage question funny. It’s a ****ing Ferrari. Although I have never cared about gas mileage. You say it and I’ll pay it.
PS. I did use the button to check my mileage in my Cayenne diesel once. 30 MPG at 90 MPH! Love it.
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