Ferrari Mailing List: Re: It’s insane now

[Gary Reed (gary]



550s are great cars! 

 

I bought this one in 2008 with apx. 18K miles on it and then sold it in 2016 at 40K miles. I did

really well on the sale, because the market was high, at that time.

 

Gary

 

 

----- Original Message -----

From: scott saidel

To: Gary Reed

Cc: The FerrariList

Sent: Thursday, March 26, 2020 7:53 AM

Subject: Re: [Ferrari] It’s insane now

Market correction was already underway.  $150K 308GTS’s was idiot! This is just speeding things up.  Soon, I expect Mondials, 308GT4s, and maybe even 308i cars to get back into the $30s.  Back where they were before the lunacy.

If only I had the resources to pick up that 550.  Maybe, by the time this is over, my finances and values will equalize enough to justify the purchase of something.  Of course, the wife’s pony habit keeps account balances slim.

Scottie

On Mar 26, 2020, at 9:52 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Both are $50k cars, in pre QE dollars. 

On Mar 26, 2020, at 8:49 AM, Jashburne <jashburne [at] aol.com> wrote:

It is all relative value. Is the Maranello underpriced or is the Supra overpriced?

PS. That is a rhetorical question. The answer is neither. Both are overpriced. 

John

Sent from my iPhone

On Mar 26, 2020, at 9:32 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Do you think Gen Xers are going to check their 401k accounts this month and still be willing to bid six figures on a Supra?

On Mar 26, 2020, at 7:45 AM, Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:

https://www.carscoops.com/2020/03/you-can-now-buy-a-manual-v12-ferrari-for-less-money-that-a-toyota-supra-mk4/

Clyde Romero

If you have no enemies

You have no character ! 

Scars are tattoos with better stories!

When you're out of F-4's you're out of fighters!

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