Ferrari Mailing List: Re: clyde tips on buying a ferrari (clyde romero)

(continued)

R&T had a recent issue about the "51 Coolest Cars". They have both the 

288GTO and the F40 on the list.  Of course, putting a car on a list and 

buying one are 2 different things. Personally I'd prefer the 288GTO or 

that 275 GTS RGarven mentioned... yes, I know those are at 2 ends of the 

Ferrari spectrum...

Your comments about putting 500K into a depreciating asset are certainly 

very valid..

Sincerely,
Larry

On 3/17/2014 9:29 AM, Erik Nielsen wrote:

The other thing that one has to consider for investment is where is 

the market for these cars going?  I would guess that I am in the 

"target demographic" for an F40 (wife still says I can get one if I 

want one).  But every time I'm ready to pull the checkbook out, I just 

can't justify spending $500k+ for something that is realitively 

illiquid, has rather large carrying costs (maintenance, insurance, 

garage space, etc...) and really can't be used to it's potential on 

this side of the pond.  Cars are only worth what someone is willing to 

pay for them.  And what do you get?  Bragging rights?  Among who? 

Middle aged guys that are trying to justify their garage portfolio 

leveraged to the hilt?  Thanks, but I'll pass.  I can appreciate 

quality without feeling the need to own it. Anyone hyping anything is 

likely trying to sell you something or justify something they've done 

to themselves.

And don't kid yourself, this isn't a property ladder game, if you're 

"new" to the market, there are a lot of good choices out there for 

less money than a 25 year old Ferrari...

On Mon, Mar 17, 2014 at 6:08 AM, Clyde Romero 

<clyderomerof4 [at] bellsouth.net <mailto:clyderomerof4 [at] bellsouth.net>> wrote:

    Good point but you really got a want it ,if you know what I mean
    Even if I had Steve Jenkins money I still wouldn't buy a car for
    investment purposes
    Nothing that is reliable from Ferrari is going to be collectible
    in my opinion
    The F50 and all those limited editions runs will soak those who
    bought them dry
    Just look at the Superamerica crowd (based on the 575)
    Couple hundreds cars made , new the car ran $250k plus
    Go on any of the used car sites to include eBay
    They are running around $150k which means the dealer gave them
    $100k if that and they had to buy a car!

    In victory you deserve Champagne
    In defeat you need it!

    Scars are Tattoos with better stories !

    Clyde Romero
    Clyderomerof4 [at] bellsouth.net <mailto:Clyderomerof4 [at] bellsouth.net>.
    678  6419932 <tel:678%20%C2%A06419932>

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    On Mar 17, 2014, at 3:06 AM, Adam Green <FlatCrank [at] gmail.com
    <mailto:FlatCrank [at] gmail.com>> wrote:

    You could take the same criteria to buying a 911 or an E-type Jag
    or any number of desirables, but when it comes down to the wire,
    you either pay up now and buy a ridiculously slow, cantankerous,
    unloved and expensive to maintain F40 for a "ridiculous" $200K in
    2000, or you rock your rocking chair on the front porch and see
    buyers paying $1M for the same car a decade later.  I assure you,
    I know.  I have the rocking chair.

    Adam

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Re: clyde tips on buying a ferrari (clyde romero)	<– Date –> <– Thread –>
From: Larry T (l02turnercomcast.net)
Date: Mon, 17 Mar 2014 07:19:50 -0700 (PDT)