RE: Ferrari FF: PH Fleet

RE: Ferrari FF: PH Fleet

Author
Discussion

Animal

5,249 posts

268 months

Tuesday 22nd July 2014
quotequote all
Chris Harris said:
I'll be off doing something else!
You mean car shopping?

Chris Harris

494 posts

153 months

Tuesday 22nd July 2014
quotequote all
3304hl said:
"And I'm not convinced they'd (the Germans)be any cheaper to run either."

bks! By your own admission, it's let you down twice in 10K.
"the Germans" will break less often, cost less to repair(I am quite familiar with the price of F-parts), and depreciate 1/2 as much.
Exactly what running costs are you speaking of? Psychiatry?
Tell me I'm wrong...
The FF has a 7 year warranty. It's cost me nothing in repairs. And it has depreciated far less than a new German would have during the same time/miles. You're wrong.


mr_tony

6,328 posts

269 months

Tuesday 22nd July 2014
quotequote all
CampDavid said:
Is that your first Fez? Can't imagine many are sold to new customers
Yep. But I'm weird about cars....

suffolk009

5,393 posts

165 months

Tuesday 22nd July 2014
quotequote all
Chris Harris said:
3304hl said:
"And I'm not convinced they'd (the Germans)be any cheaper to run either."

bks! By your own admission, it's let you down twice in 10K.
"the Germans" will break less often, cost less to repair(I am quite familiar with the price of F-parts), and depreciate 1/2 as much.
Exactly what running costs are you speaking of? Psychiatry?
Tell me I'm wrong...
The FF has a 7 year warranty. It's cost me nothing in repairs. And it has depreciated far less than a new German would have during the same time/miles. You're wrong.
Comparing new German and s/h Italian depreciation rates is hardly a fair game.

Chris Harris

494 posts

153 months

Tuesday 22nd July 2014
quotequote all
suffolk009 said:
Comparing new German and s/h Italian depreciation rates is hardly a fair game.
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.


mr_tony

6,328 posts

269 months

Tuesday 22nd July 2014
quotequote all
Chris Harris said:
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.
Which is exactly the discussion I had with myself.
Brand new m5 or c63 black series or rapide S vs an 18month old FF with 3k miles for over 100k off list. Easy choice.

Dave Hedgehog

14,550 posts

204 months

Tuesday 22nd July 2014
quotequote all
3304hl said:
"And I'm not convinced they'd (the Germans)be any cheaper to run either."

bks! By your own admission, it's let you down twice in 10K.
"the Germans" will break less often, cost less to repair(I am quite familiar with the price of F-parts), and depreciate 1/2 as much.
Exactly what running costs are you speaking of? Psychiatry?
Tell me I'm wrong...
German cars are not necessarily any more reliable, I have had 3 new RS Audi's, all have had several faults and one lunched its engine with 5k miles on the clock

anonymous-user

54 months

Tuesday 22nd July 2014
quotequote all
At retail, the depreciation has been glacial

If this is the car up for sale now at £159,990

http://www.dicklovett.co.uk/Dealers/Ferrari/Used-C...

and, when it was acquired, according to this thread

http://www.pistonheads.com/news/default.asp?storyI...

Money is the final section - and this time I'm going to furnish you with most, but not all of the facts. It'll make the exit less emotionally damaging than the 599 experience, and should fuel some good forum conspiracy theories. I paid something more than 150, something less than 160. The deposit would buy you a new Cayman and the monthly payments are around £1,400 per month. It's going to be expensive, but from the moment I first saw an FF I've wanted one, and if it costs me several thousand to do so, then so be it. What's the point of working all-hours if you don't tick boxes?

GarageQueen

2,295 posts

246 months

Tuesday 22nd July 2014
quotequote all
I can't really under the depreciation thing.

In 6 months of ownership you pay retail and then sell back for trade, so the 'depreciation' is all trader margin in that time. Rather painful at that level I guess.

Buy retail and sell privately then there's the real depreciation. (tough to do successfully at these prices I imagine)

R11ysf

1,936 posts

182 months

Tuesday 22nd July 2014
quotequote all
Chris Harris said:
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.
Well done on sucking that breath in and doing it and also for providing the numbers so we get a rough idea of what the costs involved are.

However, for a car you bought with 6k on it and and covered another 5k don't you think breaking down twice for a £300k is pretty poor? If my TVR broke down twice in 4 months of ownership you could only imagine the stick I would get, and that cost 6 times less than this!!

EricE

1,945 posts

129 months

Tuesday 22nd July 2014
quotequote all
JPJPJP said:
At retail, the depreciation has been glacial
Wait so did I get this right?
The car lost £120000 from new to 6000 miles and £10000 from 6000 to 10000 miles? How does that make sense? confused

P4ROT

1,219 posts

193 months

Tuesday 22nd July 2014
quotequote all
Well done Chris. If you're reading this- don't let the bds grind you down. I hope you keep refinancing to our (and your) benefit.

P.S. I should think the Ferrari events are a bit awkward considering his infamous Jalopnik article lol

R11ysf

1,936 posts

182 months

Tuesday 22nd July 2014
quotequote all
EricE said:
Wait so did I get this right?
The car lost £120000 from new to 6000 miles and £10000 from 6000 to 10000 miles? How does that make sense? confused
The car lost £120k in 3 years and then £10k in 4 months. When you look at it like that it makes perfect sense.

EricE

1,945 posts

129 months

Tuesday 22nd July 2014
quotequote all
R11ysf said:
The car lost £120k in 3 years and then £10k in 4 months. When you look at it like that it makes perfect sense.
Hmm I suppose I thought these cars are much more milage sensitive, but then again 11000 miles isn’t that much either.
Looking at the numbers like this I’d say CH got a relative bargain... the first owner not so much, even though it seems unlikely that this person paid full retail. yikes

CampDavid

9,145 posts

198 months

Tuesday 22nd July 2014
quotequote all
I guess there are a few ways at looking at chunky purchases. You could either look at it as CH has or go totally the other way.

Last year my Dad at 60 and lumped out a substantial amount of wedge on a brand new Boxster. He spec'd it as he wanted, paid for it outright (half of the morons on here would be proud) and that was it.

One way of looking at it is the cost of the car, call it £45000 or whatever a Boxster is now days. Another is to say that it's a load of cash but after 15 years or more, when he stops driving, it's only really shed a few thousand each year and it's always been, to him, a new Porsche to his spec.

Do people do the same thing with Ferraris? Do they say, yes, it's £200,000 but I'll keep it until I can breath no more so, all in, that's not bad.

Gandahar

9,600 posts

128 months

Tuesday 22nd July 2014
quotequote all
Chris,

If it is that good then why are you getting rid? If it was the jack of all trades you could be selling a lot of your other cars, which you no longer need, to pay for it to take over their spots.

But you haven't. Instead of the jack of all trades, master of none, you have instead decided to keep a lot of cars that are masters of one trade that all add up....

The Ferrari FF is just a piece of fluff that tickles a fancy. Hence why a lot of this fluff is blowing about and making them cheap. It's never going to be considered anything apart from a niche filler.

Personally I think you should have run it until those front clutches for the FWD have to be replaced out of warranty..... they are consumables after all. Probably make an Audi DSG seem cheap.

This was just an itch you had to scratch, and you did, well done, but I do feel you are making excuses for it. It will be forgotten this time next year like the F599 when you get the next car. You are just an automobile gigolo at the end of the day.

Which is high praise indeed smile

Have you driven the F458 Speciale yet?

suffolk009

5,393 posts

165 months

Tuesday 22nd July 2014
quotequote all
Chris Harris said:
suffolk009 said:
Comparing new German and s/h Italian depreciation rates is hardly a fair game.
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.
I was in the greengrocers yesterday, I wanted to buy some fruit. Apples or oranges.

Gandahar

9,600 posts

128 months

Tuesday 22nd July 2014
quotequote all
suffolk009 said:
Chris Harris said:
suffolk009 said:
Comparing new German and s/h Italian depreciation rates is hardly a fair game.
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.
I was in the greengrocers yesterday, I wanted to buy some fruit. Apples or oranges.
Rather surprised by that statement to be honest.

You should not have bought either, rather you should have bought that big, fat, succulent and so, so sweeeet melon on a personal finance scheme.

You know you want to.




CampDavid

9,145 posts

198 months

Tuesday 22nd July 2014
quotequote all
Gandahar said:
suffolk009 said:
Chris Harris said:
suffolk009 said:
Comparing new German and s/h Italian depreciation rates is hardly a fair game.
Entirely fair if you can buy a lightly used FF for similar money to a new German - which you can. It accurately reflects the way people buy cars: something new and aspirational, or something apparently unobtainable, a year or two old for similar money that requires a deep intake of breath before signing.
I was in the greengrocers yesterday, I wanted to buy some fruit. Apples or oranges.
Rather surprised by that statement to be honest.

You should not have bought either, rather you should have bought that big, fat, succulent and so, so sweeeet melon on a personal finance scheme.

You know you want to.
If you re-read your posts, you'll both realise that you come off as complete wkers here, no need.

PGNCerbera

2,934 posts

166 months

Tuesday 22nd July 2014
quotequote all
suffolk009 said:
There's more on top?

I'd have thought £9000 for 6 months and 11,000 miles was quite steep enough.
I thought it was pretty good value