BillionaireDoors wrote: ↑Wed Jun 12, 2019 6:00 pmEurope might be a different story.Robotaz wrote: ↑Wed Jun 12, 2019 4:42 pmMy impression is that he’s entertaining delusions and has no clue what other people think. Just my opinion.Conchita Turtle wrote:
I can't see it.
Cheapest second hand 458 in my country is 140kEUR.
https://www.autoscout24.es/anuncios/fer ... ?cldtidx=1
I guess most people don't have them to pay for in cash. But, even if they have them, they will surely rent something if they are invested.
You have to rent a safe place to leave it and not have it stolen. It can't be a community garage. And an extra expense. Alarm with localizer. And another possible extra expense. Security for your home. If they see you with a Ferrari, they may think you're rich, and that they're going to steal from you... or worse.
You have to protect your investment. You must have full insurance coverage. A cheap insurance online costs me 4300EUR, about ten times what I pay for my car.
Municipal tax on motor vehicles. Yearly. +20 fiscal horses (a complex formula). 348EUR. My current car, 71EUR.
All this, without making a kilometre. Gasoline, about 1,5EUR/l. And they are very hungry horses. And, apart from that, maintenance, or a breakdown, can be very expensive. And, in the example, it's a second-hand car that may have been used "for running", forcing the engine.
My R8 V10 has depreciated only $10k in 3 years, costs $100/month insurance full coverage, $250 for an annual oil change. Compare that with a new $40k Mustang/Camaro that will depreciate at least $15k in 3 years. Insurance is typically higher on those cars.
An F430 or 458 would cost a little more, but nothing crazy. Ferrari California shouldn't be bad either. Just don't get anything older than an F430. There are plenty of F430 cars here under $100k. Future depreciation will be almost nothing at those prices. Get insurance from a specialty company as a collector car with a mileage limit. Most people only drive them a few thousand miles per year.
Is that you RyanD ?
