Ferrari Mailing List: Re: Beating the system....

[judge4re (judge4re]

Flipping only works when demand >> supply. Those days are over. Too many cars, 
too many over leveraged schmucks. 

Sent from my iPad

On Nov 7, 2011, at 7:31 PM, Fellippe Galletta <fellippe.galletta [at] 
gmail.com> wrote:

> Clyde's comments on Ferrari pricing eventually tanking, illustrates what 
> happens when you buy early to mid cycle, hold onto a car forever and then 
> have little equity to show for it down the road. 
> 
> Apparently there are two ways to beat this system:
> 
> a) Buy fully depreciated cars 
> 
> This one is obvious.
> 
> One that is not so obvious is:
> 
> b) Buy brand new and flip every 1.5-2 years:
> 
> The caveat though is you have to have an in to buy at MSRP. The resale market 
> will reimburse your "depreciation" when you're ready to move it. 
> 
> From what I see, if you're one of the esteemed who can do so, then you can 
> essentially drive a new F every few years for very little. 
> 
> Given the massive depreciation on new Ferraris, Lambos, it's hard to 
> rationalize a brand new purchase unless you are making mega money -- I'd 
> estimate a true Ferrari/Lamborghini "client" is making at least $2-3 million 
> a year if not more. Whatever income/wealth point allows you to flush $200k 
> every few years without blinking an eye....that's the sweet spot for buying 
> brand new, for *1* car, LOL. 
> 
> But this flipping thing is interesting. You may have to subsidize the dealer 
> on your first purchase, but afterwards you're good to go the rest of the way. 
> You flip "new s***", and on the side you buy and own the legends that are 
> more or less depreciated and worth keeping......Flat 12s, Diablos, Esprits, 
> the right 911s, reasonable muscle cars, etc.
> 
> What do you guys think? I believe this is happening, unless certain people 
> are lying. ;-)
> 
> FG
> 
> 
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