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

[Clyde Romero (clyderomerof4]

Very well said 

But check with the wife!

In victory you deserve Champagne

In defeat you need it!

Scars are Tattoos with better stories !

Clyde Romero

Clyderomerof4 [at] bellsouth.net.          

678  6419932

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On Mar 17, 2014, at 9:29 AM, Erik Nielsen <judge4re [at] gmail.com> 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> 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.          

678  6419932

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 persons 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.

On Mar 17, 2014, at 3:06 AM, Adam Green <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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