RE: Ferrari FF: PH Fleet
Discussion
I sometimes wonder if some posters actually like cars at all or just spend their time compiling spreadsheets, as he says the FF had a sense of occasion every time he started it and he justified the expense to himself, there is more to life than balance sheets and I enjoyed the insight into running such an exotic car.
EricE said:
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?
A 250k isnt a 250k car. Its a 210k car with 40k of vat. The first owner pays the vat. Subsequent owners dont. Blame HMRC.
I'd guess that a lot of those making comments regarding absurdity of spending money this way could actually afford to do something similar, they (or perhaps their wives) simply choose not to. Instead they opt for bigger houses, nicer holidays, bigger pensions and possibly two nearly new daily drivers depreciating on the drive. Me, I bought a 612. You can keep the other stuff and we're all a long time dead.
I think you've done very well with this.
Bought it right at the initial depreciation 'sweet spot' and whilst you've done £10k dealer margin in depreciation (plus monthly payments of course), you've had a stonking 6,000 miles out of it under full warranty!
It would be possible too loose at least £5k or maybe much more on a £30k mainstream car (before monthly payments are taken in to account).
Bought it right at the initial depreciation 'sweet spot' and whilst you've done £10k dealer margin in depreciation (plus monthly payments of course), you've had a stonking 6,000 miles out of it under full warranty!
It would be possible too loose at least £5k or maybe much more on a £30k mainstream car (before monthly payments are taken in to account).
Redefining Man Maths as he goes, pretty epic CH!
Although I'm a long way off of the prospect of running a 300k car, I do get the "punch above your weight" in terms of cars just by man maths.
I think most on here do it, justifying an Elise or SL over a new Audi A3 in resale grey. CH just does it on another level, justifying this car over a 911 Turbo (also, resale grey).
What we all have to consider though, and CH probably knows this just as much or better than the rest of us, a 300k car will have the running costs of a 300k car. Doesn't matter if it "only" cost you 150k.
Personally, I did the same with an SLK for the wife. Through my man maths it's cheaper than a new VW Polo. But it isn't, of course. And I couldn't care less.
Although I'm a long way off of the prospect of running a 300k car, I do get the "punch above your weight" in terms of cars just by man maths.
I think most on here do it, justifying an Elise or SL over a new Audi A3 in resale grey. CH just does it on another level, justifying this car over a 911 Turbo (also, resale grey).
What we all have to consider though, and CH probably knows this just as much or better than the rest of us, a 300k car will have the running costs of a 300k car. Doesn't matter if it "only" cost you 150k.
Personally, I did the same with an SLK for the wife. Through my man maths it's cheaper than a new VW Polo. But it isn't, of course. And I couldn't care less.
Ved said:
Good work. Bought a car he wanted for a while, had a great time in it and could more than cope financially owning it.
Anyone not seeing that first is just jealous.
On to the next one, I say.
This. Whether a car is bought finance or cash, if you want it and can afford it then the bigger fools are the ones not living their dream. Anyone not seeing that first is just jealous.
On to the next one, I say.
Which reminds me, I need a new job/more money so I can finance a second hand v8 vantage that I can't really afford
Thanks Chris - great insight into showing how exotica can be affordable over a short term, for those wanting to live the dream, tick the box etc.
As you already pointed out, why bust your nuts working all hours if you can't enjoy some reward? Your experience proves that such motors are not out of reach, even if they're only within reach for a short period of time.
It must be harder to make a car choice than sort through the numbers - so many to choose from, so little time to fit it all in.
As you already pointed out, why bust your nuts working all hours if you can't enjoy some reward? Your experience proves that such motors are not out of reach, even if they're only within reach for a short period of time.
It must be harder to make a car choice than sort through the numbers - so many to choose from, so little time to fit it all in.
Tim16V said:
I think you've done very well with this.
Bought it right at the initial depreciation 'sweet spot' and whilst you've done £10k dealer margin in depreciation (plus monthly payments of course), you've had a stonking 6,000 miles out of it under full warranty!
Plus the 'could have bought a Boxster outright' downpayment on top.Bought it right at the initial depreciation 'sweet spot' and whilst you've done £10k dealer margin in depreciation (plus monthly payments of course), you've had a stonking 6,000 miles out of it under full warranty!
jhoneyball said:
A 250k car has 40k-ish of VAT for starters. So the car itself is worth only max of 190k as soon as you drive it off the forecourt, taking into account a reasonable dealer restocking/selling fee.
A 250k isnt a 250k car. Its a 210k car with 40k of vat. The first owner pays the vat. Subsequent owners dont. Blame HMRC.
Again, this is bA 250k isnt a 250k car. Its a 210k car with 40k of vat. The first owner pays the vat. Subsequent owners dont. Blame HMRC.
ks
greygoose said:
I sometimes wonder if some posters actually like cars at all or just spend their time compiling spreadsheets, as he says the FF had a sense of occasion every time he started it and he justified the expense to himself, there is more to life than balance sheets and I enjoyed the insight into running such an exotic car.
Totally agreeChris 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.
Exactlyin 2008 I bought a 2 yo mitsubishi evo 9 with 8000 km on the clock for 60% of it's original price... I was in the budget for, and looking at buying a new clio sport really but took the plunge..
Best decision ever.
p.s. all this c$%ap about "how can Chris afford this and that" is really below par in a automotive forum.. Let the man enjoy his metal, where else will you see a muddy mountainbike in an FF, FFS..
Gassing Station | General Gassing | Top of Page | What's New | My Stuff