Ferrari Mailing List: Re: Used exotics

[Erik Nielsen (judge4re]

Sorry, didn't have coffee then to get into NPV, DCF and IRR calculations to provide further framing. 

That said, in the end, we're all dead. 

On Wed, Jun 12, 2019, 7:39 AM <jashburne [at] aol.com> wrote:

Unless you inherited those assets, you signed the front of the check when you acquired them. 

A better aphorism might be “Own assets that will increase in value, rent assets that depreciate. “  Like all sayings, there are exceptions and YMMV. 

John

Sent from my iPhone

On Jun 12, 2019, at 7:03 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Anything that causes you to sign on the front of the check is a liability.

Assets cause you to sign on the back.

On Jun 12, 2019, at 1:34 AM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:

Well, maybe here in Vancouver, that’d be the truth.

 

Peter

 

P.S. The polish is starting to wear off a bit: cbc.ca - vancouver housing prices falling  +  globalnews.ca - west vancouver selling discounts (mind you, keep things in perspective...).

 

Sent from Mail for Windows 10

 

 

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From: Erik Nielsen <judge4re [at] gmail.com>
Sent: Tuesday, June 11, 2019 5:43:40 AM
To: Peter Rychel
Cc: The FerrariList
Subject: Re: [Ferrari] Used exotics

 

To use the classic English term, it takes the piss out of it when your pizza delivery guy shows up in a DB9...

On Tue, Jun 11, 2019 at 12:31 AM Peter Rychel <dino308gt4 [at] hotmail.com> wrote:

As you’ve said many times before: “...exclusivity for all...”.

 

I was quite surprised at Aston V-8 Vantage prices recently. It would be very tempting, even as a daily beater.

 

Peter

 

Sent from Mail for Windows 10

 

 

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From: Ferrari <ferrari-bounces+dino308gt4=hotmail.com [at] ferrarilist.com> on behalf of Erik Nielsen <judge4re [at] gmail.com>
Sent: Monday, June 10, 2019 10:54:08 AM
To: PeterGT4
Cc: The FerrariList
Subject: [Ferrari] Used exotics

 

https://www.usatoday.com/story/money/cars/2019/06/10/rolls-royce-aston-martin-lamborghini-ultra-luxury-car-prices/1365606001/

Great, more studies in deferred maintenance about to hit a demographic that is likely stretching to afford the note, let alone the maintenance schedule...

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