Ferrari Mailing List: Re: Vehicle Price Index

[Britt2Asa (Britt2Asa]

I think that is exactly the reason this is NOT the time to buy as an investment. I'm with Clyde, cars are not an investment. maybe you get lucky once but what you see now is no different than what you saw in the late 80's. Everyone thought it couldn't end, people here in the UK were paying 250,000 pounds for a Testarossa because it as of the "Enzo" era. Its just a fad and when it ends it will end quick. 7 years isn't a long time for an investment.

 

Hey guys, I have just ben named AGO for the Ferrari Club UK West Midlands. Was visiting a member today who had Ross Brawns car in his shop. I won't tell you the whole story but guess what Ross Brawn has as his favourite car?....

 

Its an F40, and a real beauty. Car was done up by a local club member who is also my mechanic. It won every award there was for 12 years here in the UK but was hardly driven. Now Ross has had it commissioned for Road use again, new fuel bladders, fluids, steering rack and axles all greased, restored wheels and new rubber, ext. Should be picked up by Ross in person within 2 weeks. Unfortunately  I will be in Singapore or I would have made sure I was present for the collection! From what I was told despite the horrible winter weather we have Ross may pick it up and drive it back home instead of sending a transporter for it.

 

Respect.

 

Regards

 

BR

 

Not *all* cars are good investments. But there are a lot that are excellent.

289 Cobras are $600k now...they were $125k 6 yrs ago. 427 Cobras are over $1m.
There are world records being set for sales prices right now. And they haven't
been overnight flare ups.

You mention the "keep the money in for the long term" mentality. To make the
most of any market, you need to make strategic decisions on when to exit and
enter a market.

We're on a serious run in the vintage car market and it has been essentially
untouched by the recession.

I'd like to say that this is my opinion, but it really isn't in this case.

LS





----- Original Message ----
From: clyde romero <clyderomerof4 [at] bellsouth.net>
To: LS <lashdeep [at] yahoo.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Sent: Tue, November 9, 2010 11:29:49 AM
Subject: RE: [Ferrari] Vehicle Price Index

When you look at the capitol cost outlay for the vintage cars its just not worth
in the long run unless you have very deep pockets and even then you are not
going to get your money back for a long time.
Look what happened to the guys who bought 60's muscle cars 10 years ago at the
REAL high!
The cars never got there again
Cobra's and the rest are still below those go go days of high 6 figure and seven
figure prices.
The Japanese who bought all the Ferrari stuff back in late 80's are eating it
now big time
Sorry unless you plan to drive it do buy it because you are throwing good money
behind bad.
My 2 Cents




"IF YOU CAN MEET WITH TRIUMPH AND DISASTER AND TREAT THOSE TWO IMPOSTERS THE
SAME"

CLYDE

Capt. Clyde Romero Jr.
MANPAD SME
Clyderomero [at] bellsouth.net
Mobile 678 641 9932

 

BR in the UK
1986 328GTS (LHD 89,940km) Died August 19, 2006 Shrewsbury UK
1980 400i (RHD 74,000 miles)
Searching for the right 512TR
1997 Fiat Barchetta
1985 Bertone X1/9
2003 BMW 530d
1991 Alfa Spider S4 LHD
1993 Alfa Spider S4 LHD
2010 BMW 320d