RE: The £17K Ferrari? I bought it...

RE: The £17K Ferrari? I bought it...

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V8RX7

26,868 posts

263 months

Saturday 14th July 2018
quotequote all
wst said:
V8RX7 said:
to3m said:
I expect £2000/year to pay for petrol+tax+MOT
Then a Ferrari - any Ferrari is not for you.
Reading the entire sentence allows you to reach the end of the thought.

to3m said:
paulg390 said:
reckon it was somewhere around an average of £2k per year all in
That sounds like good going. I don't drive all that far, and I buy cheap petrol from Costco, but I expect £2000/year to pay for petrol+tax+MOT fee alone for my BMW and for there to be not much left afterwards out of that figure (if indeed any at all).
6 years of memories and not really any massive financial hardships from it? That does not sound like the experience I was expecting at the start of this thread all those years back. Excellent... well, not quite shedding, but whatever you call it.
No they are comparing different things.

When asked about running costs people generally only include servicing / parts NOT MOT, Tax or petrol.

Yes the OP (and many others) has also been lucky as the last few years have seen many cars rise in price - this is not a usual situation nor one to base a buying decision on - you cannot run an old Ferrari for the same cost as an old BMW

A mate managed to run new cars with a waiting list, completely free for many years - until he lost over £10k when the demand wasn't what he expected.




n_const

1,709 posts

201 months

Saturday 14th July 2018
quotequote all
V8RX7 said:
No they are comparing different things.

When asked about running costs people generally only include servicing / parts NOT MOT, Tax or petrol.

Yes the OP (and many others) has also been lucky as the last few years have seen many cars rise in price - this is not a usual situation nor one to base a buying decision on - you cannot run an old Ferrari for the same cost as an old BMW

A mate managed to run new cars with a waiting list, completely free for many years - until he lost over £10k when the demand wasn't what he expected.
To3m is not saying he thinks he could run a Ferrari for £2k per year , he is saying that is what he expects his BMW to cost him ....

to3m

1,226 posts

170 months

Saturday 14th July 2018
quotequote all
V8RX7 said:
wst said:
V8RX7 said:
to3m said:
I expect £2000/year to pay for petrol+tax+MOT
Then a Ferrari - any Ferrari is not for you.
Reading the entire sentence allows you to reach the end of the thought.

to3m said:
paulg390 said:
reckon it was somewhere around an average of £2k per year all in
That sounds like good going. I don't drive all that far, and I buy cheap petrol from Costco, but I expect £2000/year to pay for petrol+tax+MOT fee alone for my BMW and for there to be not much left afterwards out of that figure (if indeed any at all).
6 years of memories and not really any massive financial hardships from it? That does not sound like the experience I was expecting at the start of this thread all those years back. Excellent... well, not quite shedding, but whatever you call it.
No they are comparing different things.

When asked about running costs people generally only include servicing / parts NOT MOT, Tax or petrol.

Yes the OP (and many others) has also been lucky as the last few years have seen many cars rise in price - this is not a usual situation nor one to base a buying decision on - you cannot run an old Ferrari for the same cost as an old BMW

A mate managed to run new cars with a waiting list, completely free for many years - until he lost over £10k when the demand wasn't what he expected.
I actually bet £2000/year would pay for petrol+tax+MOT for many a Ferrari: tax is not high for the 20th century ones, MOT test is of course always £40-50, and even at 6mpg you'll get around 1500 miles out of the remainder of your budget smile

Anyway, interesting point, I'd assumed running costs given (and I quote) "all in" would include, you know, everything... but "all in" could also refer to the means of calculation (i.e., taking appreciation into account, rather than just cost per year ignoring that). I'm aware that many desirable and/or classic second-hand cars have appreciated substantially recently, and rising prices can cover a lot of costs. But there are other explanations possible. And my curiosity was just piqued because I like the car, and £2,000 a year sounds cheap for a car like that, surprisingly so in fact, and I was just idly wondering how this might have come about.

Good work, however it was done.

n_const said:
To3m is not saying he thinks he could run a Ferrari for £2k per year , he is saying that is what he expects his BMW to cost him ....
Quite - it's supposed to emphasise how cheap this sounds! I expect a BMW is designed with significant input from accounting and marketing, so it can be run by paupers on a budget. A Ferrari... probably not so much.

Edited by to3m on Saturday 14th July 23:28

paulg390

635 posts

234 months

Monday 16th July 2018
quotequote all
Just to clarify by “all in”, I meant what I spent on average per year over 6 years on tax (SORN over winter), MOT, and servicing / parts.

I did not include petrol or any profit/loss on value of car... hope that clarifies. ??

paulg390

635 posts

234 months

Sunday 25th October 2020
quotequote all
Apologies for the extreme thread revival.. but someone just posted this link to me. At that price £32,500, I think it was probably a bit of a bargain again given what the previous owner has spent on it... Although that was hammer price no doubt a few £k more on commission. Anyone on here the lucky new owner ?

https://www.the-saleroom.com/en-gb/auction-catalog...

CDP

7,459 posts

254 months

Sunday 25th October 2020
quotequote all
paulg390 said:
Apologies for the extreme thread revival.. but someone just posted this link to me. At that price £32,500, I think it was probably a bit of a bargain again given what the previous owner has spent on it... Although that was hammer price no doubt a few £k more on commission. Anyone on here the lucky new owner ?

https://www.the-saleroom.com/en-gb/auction-catalog...
That does look good value compared to what has been asked recently. I wonder if it's anything to do with the current levels of uncertainty?

AyBee

10,535 posts

202 months

Monday 26th October 2020
quotequote all
"Recent works include refreshment of the paintwork and sills, etc between and 2018 and 2019 by Fiennes Restoration at cost of circa £20,000" - why would you do that and not use the thing?!

CDP

7,459 posts

254 months

Monday 26th October 2020
quotequote all
AyBee said:
"Recent works include refreshment of the paintwork and sills, etc between and 2018 and 2019 by Fiennes Restoration at cost of circa £20,000" - why would you do that and not use the thing?!
Investment? Admittedly not a good one...