Unwanted Attention

I sincerely hope that's not the case. If anyone at the IRS can afford a Ferrari then we're all paying too much in taxes (well, we probably are anyway but you get my point)

 

Seriously, there's no place in my Tax Return info to brag "I have three Ferraris".....who cares???

Now, if you are foolish enough to try to hide the note as a Business Expense...well more power to you!

I was reading about Walter Medlin the other night...among the IRS filing was a couple of interesting tidbits...

The son he had with his personal assistant (He'd be 28 now, from the dates)..$5K a MONTH in support!!

...and the fact he tried to write of his Playboy and Penthouse subscriptions as business expenses to his real estate development company....

LOLOLOLOLOLOL!

 

The IRS could give a rat's a$$ what you drive as long as you pay your taxes. If you are trying to use an exotic car (or plane, or boat or "second home" or, or, or) as a writeoff then they might get interested. In fact, they really have no way of knowing what you drive.

As far as attention from general people most are appreciative and interested in the car and a friendly demeanor and allowing some extra time when filling up, going to dinner etc. to answer questions, let people take pics etc. is usually a good idea.

As far as work I suppose it can adversely affect people's impression of you depending on the company and the job. Some excellent posts have been provided on creative solution to mitigate this if you want to drive the car to work. Most people who don't know cars look at a Ferrari and think they are all $200K cars. Most parking lots will be filled with baby-carrying SUVs, deisel pickups and luxury sedans that cost as much or more than your 575 but nobody thinks twice about the $80K Ford Super-Duty split axle truck pulling the $60K camper or the $100K BMW or Mercedes. Basically when people ping me on the car if I drive it to work I tell them "cheap house, no kids, no child support and no alimony = Ferrari" - I realize that may not work for everyone.

If you want the car, buy it and enjoy it and don't take it places where the "attention" makes you feel uncomfortable but also enjoy the attention that comes with driving a rolling piece or artwork and history.

Cheers

 

My red 88 Mondial 3.2 attracts plenty of positive attention. Even more interesting if I drive it in uniform. (I'm a Police Officer) More than once while filling up, I have had people say "what are they paying you the cops these days?" I tell them I'm on the take. Then all joking aside, I educate them on the attainability of older Ferrari's and how well maintained they usually are. The mint condition of the car is what fools people into thinking you have a 6 figure car. Much of the time, others are driving a more expensive car than mine, they just don't realize it.

Get lots of thumbs up from people, especially high school age guys who know what they seeing more than many other people.

That is all very exciting and neat at first and still enjoyable after you get used to it. However, as I have said a time or two, you eventually tune that out and it becomes about the relationship between you and your beloved car. After I have tuned up the car, or fixed a problem, I'm just tuned into how the car sounds and performs and am often oblivious to reactions around me. At some point, you get to the point where you are just happy driving the Ferrari even if no one is around to see it.

Cheers
Dave