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

[clyde romero (clyderomerof4]

That same stuff happened here with the 355 and guys got burned and deserved it

The 458 spyder will have a short run just like the California did

 

Clyde Romero

 

just the right amount of wrong!

 

"SCARS ARE TATTOOS WITH BETTER STORIES"

Confidentiality Notice: This e-mail (including attachments) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the person or entity to which it is addressed, and may contain confidential or privileged material. Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.

If you are not the intended recipient contact the sender by reply e-mail and destroy all copies of the original message. If you are the intended recipient but do not wish to receive communications through this medium please so advise the sender immediately.

Electronic Transmission Security Notice: E-mail transmission cannot be guaranteed to be secure or error-free. The sender does not accept liability for any errors or omissions in the contents of the message that arise as a result of its electronic (e-mail) transmission.

 

 

From: Britt2Asa [at] aol.com [mailto:Britt2Asa [at] aol.com]
Sent: Tuesday, November 08, 2011 6:26 PM
To: Clyde
Cc: ferrari [at] ferrarilist.com
Subject: Re: [Ferrari] Beating the system....

 

 

I have friends here in the FOC that do this with the 458. One of the guys in my area group took delivery of a  458 last September and another this August with a Spider on the way. Sold the first car for 25k profit. Plans to flip the second when the Spider comes in.

 

I also know a guy well who did this with the 430 and lost his ass on the car because the demand wasn't there.

 

So, it works if the car is HOT but if it isn't you are tanked. Thing is, these guys ordered the cars  3 years ago and got the first ones, they didn't even know what it would look like when they paid the deposit. If Ferrari comes out with a 458 than Cha ching! If its a minger than you lose.

 

that's the view in the UK anyway.....

 

Britt

 

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

 

In a message dated 08/11/2011 01:31:37 GMT Standard Time, fellippe.galletta [at] gmail.com writes:

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




_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/britt2asa%40aol.com

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/

---

No virus found in this message.
Checked by AVG - www.avg.com
Version: 2012.0.1869 / Virus Database: 2092/4605 - Release Date: 11/08/11