|
Well here in the UK interest rates have been .05% for a few years. I
believe the deposit is 20-25k. I know one guy put down his deposit just under 2
years early.
Haven't a clue to their cost of capital, for these guys it wasn't
important.
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 23:37:44 GMT Standard Time,
judge4re [at] gmail.com writes:
So how
much of a deposit did they need to put down? Holding time
before they
flipped? Their cost of capital? 25k may not actually
be
breaking even...
On 11/8/11, Britt2Asa [at] aol.com
<Britt2Asa [at] aol.com> wrote:
>
> 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/
>
>
>
|
aol.com)