What do people do to get a 458

I can't believe nobody has mentioned 10 credit cards yet!

 

I wrote that because in 99% of the Ferrari owners I've met ARE NOT in their 20's. Most people... wait.. ALL the young men and women who I know don't have the funds to buy a Ferrari. Yes. You are the exception not the rule. Of ALL the young men and women in their 20's that I have met that can afford a Ferrari, ALL have money that they inherited or a trust fund. If you live in London and see a ton of young Arabs driving around in New 458's... where do you think they made their money? I'll bet they inherited it. Just do me a favor and in the local Ferrari club take a survey and find out the percentage of owners are in their 20's versus 40 or 50 as I alluded.

First congratulations on your success. It takes alot of work to get there.

Second, don't be naive.. be offended all you want.. but yes people think the car is your fathers or rented. Statistically you are the exception not the rule. So don't be surprised, disappointed, or startled at my assertion or intimation.

 

[ame]http://www.youtube.com/watch?v=DbsMZecRgbI[/ame]

 

Find a successful business mentor in the field you are interested in, and learn everything you can from him. Even if its your dad, take it all in, observe, and do alot of listening.

Complete your schooling, start from the ground up, start your business, work hard to acheive your dreams and never ever give up! Successful people made it happen despite everyone else giving up or even not trying.

Col. Sanders from KFC got rejected 1001 times before someone said yes!

 

I agree. Also, everyone's financial situation is different so it's a tough to set a rule of thumb, especially one like hawkeye posted...

 

Hate to bump a really old thread, but, I have an insight to offer.


Ferrari 360 models were produced to the tune of ~16,000 vehicles of Modena and Spider models total.

Ferrari 458 Italia (thought production numbers never officially released) were produced in the ballpark of ~15,000 vehicles.

When this thread was started 458 Italias costed $300k. If you have a look about today you can find them in the $160k range used. Thats damn near 50% difference, it's only been 4 years.

The Ferrari 360 is now 16 years old. You can find them for $55k for high-mileage examples.

Given the fact that history tends to repeat itself, since both of these cars were produced in similar numbers, I can guarantee with almost 100% confidence that by the time 2028 rolls around you'll find tons of 458s sub $70k as a conservative estimate. Hell even 430s can be found these days for 85k and it's barely been 10 years.

Of course we have anomaly vehicles like the 360 Modena Challenge and 458 GT2s which will likely appreciate in cost overtime, I'm talking about the Ferraris that were produced "for the masses", the ones that make up the bulk of those 15,000 production numbers. The ones that have been through their fair share of owners and miles and believe me, by 2028 many 458s will have seen better days.

Lesson: DEPRECIATION IS YOUR FRIEND. Get a decent job, put some money away in bonds/money market/whatever you can save and make a bit on top of, and you probably will achieve your goal. Guys who were in their teens/20s when the 355 came out used that as a dream car to attain one day, the 458 is to you what the 355 is to them, it will happen.