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

[judge4re (judge4re]

I'm in Paris this weekend if you want to grab a beer...

Sent from my iPad

On Nov 7, 2011, at 7:55 PM, "clyde romero" <clyderomerof4 [at] bellsouth.net> 
wrote:

> You got that right schmucks and all
> 
> Clyde Romero
> 
> just the right amount of wrong!
> 
> "SCARS ARE TATTOOS WITH BETTER STORIES"
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> -----Original Message-----
> From: judge4re [at] gmail.com [mailto:judge4re [at] gmail.com] 
> Sent: Monday, November 07, 2011 8:48 PM
> To: Clyde
> Cc: The FerrariList
> Subject: Re: [Ferrari] Beating the system....
> 
> 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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