Asking Prices for Manuals still climbing!!
Discussion
SlartiF430 said:
Investing in houses and businesses gives you ongoing income and capital appreciated. There is no certainty of success but you have lots of levers at your disposal to mitigate risk (sell, rent, advertise, market, invest in product etc). Everybody making money right now on their F430s are doing so purely by accident. Also, you don't have any levers. The market could decide that mclarens or French baguettes are the next big thing and depreciate your car a lot faster than it appreciated and there's nothing you can do to see this coming or mitigate it in any way. IMHO it's very foolish to treat these things as investments. For my part I made a bit when I sold by 430 - it was a bonus to me (I make my money in software where I have far more control over the outcome). I fully expect my 12c (which I bought a few weeks ago) to depreciate. People are telling me it won't lose money. If that's the case then great, if not - no big deal, I bought it to use and if it Loses money ill use my software business to make it back to buy my next car. Furthermore, even if my 12c does appreciate by 50k in 5 years then it's actually fairly s
t in the grand scheme of money - if I focus my efforts on my business then I'll make that money in a fraction of that time.
Just to reassure you SlartiF430, I'm not reliant on the money in my car, it's not my only lever..... Financially, you certainly don't need to feel sorry for me t in the grand scheme of money - if I focus my efforts on my business then I'll make that money in a fraction of that time. 
allister said:
Just to reassure you SlartiF430, I'm not reliant on the money in my car, it's not my only lever..... Financially, you certainly don't need to feel sorry for me
Why would I be remotely interested in your financial status. I'm saying you have no levers over a car like a 430.allister said:
You're not honestly suggesting that investing money in a Ferrari, owning something that can be admired and enjoyed on the very occasional sunny days that we get this country, as well as getting a financial return on ownership is a bad thing?
Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
When i brought mine i fully banked on losing £10k a year for the first 3 years, at no point did i think i would be in the apparent position to make money on it if or when i sell it. Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
Edited by allister on Sunday 31st January 20:28
So not sure what category you put me in? But i tell you this if i sold it tomorrow there is no amount of money could buy the experience, memories of me driving it and the places I have been with her.
chippy348 said:
allister said:
You're not honestly suggesting that investing money in a Ferrari, owning something that can be admired and enjoyed on the very occasional sunny days that we get this country, as well as getting a financial return on ownership is a bad thing?
Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
When i brought mine i fully banked on losing £10k a year for the first 3 years, at no point did i think i would be in the apparent position to make money on it if or when i sell it. Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
Edited by allister on Sunday 31st January 20:28
So not sure what category you put me in? But i tell you this if i sold it tomorrow there is no amount of money could buy the experience, memories of me driving it and the places I have been with her.
I'd say it probably puts you in the same category as anyone who buys a car in that price bracket, whether it be a Range Rover or a Ferrari, you kind of expect to lose £10k per annum.
Russell996 said:
Are you suggesting a McLaren purchaser is more of an enthusiast than any other buyer?
No not suggesting that at all but just amazed at how many McLaren posts there are on pistonheads these days.Edited by Russell996 on Sunday 31st January 23:02
Definitely seeing a massive increase in the interest in the McLaren brand
SlartiF430 said:
allister said:
As you say, we're all entitled to our own views - Although I'm not sure an Aston Martin is more appealing to look at than a Ferrari - Aston Martin's tend to make me think three things, old aged pensioner, golf club and Jaguar!
I knew saying I'd bought my car as an investment was going to ruffle some feathers, but I don't really understand why?
I take on board that many people invest in property, pensions, etc..... But as mentioned, that is all a bit dull?
You're not honestly suggesting that investing money in a Ferrari, owning something that can be admired and enjoyed on the very occasional sunny days that we get this country, as well as getting a financial return on ownership is a bad thing?
Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
Finally, just because I'm not covering 10k miles each year in my F430, it doesn't mean that it's not being enjoyed.... Far from it - I never miss a sunny day
Everybody making money right now on their F430s are doing so purely by accident. I knew saying I'd bought my car as an investment was going to ruffle some feathers, but I don't really understand why?
I take on board that many people invest in property, pensions, etc..... But as mentioned, that is all a bit dull?
You're not honestly suggesting that investing money in a Ferrari, owning something that can be admired and enjoyed on the very occasional sunny days that we get this country, as well as getting a financial return on ownership is a bad thing?
Anyone who tells you, that they would prefer to lose money through Ferrari ownership, rather than make money from the experience, is only one of two things - An absolute fool, or a complete liar! (99.9% will be the latter).
Finally, just because I'm not covering 10k miles each year in my F430, it doesn't mean that it's not being enjoyed.... Far from it - I never miss a sunny day
Edited by allister on Sunday 31st January 20:28
Horses for courses, each to their own and all that.
RamboLambo said:
Russell996 said:
Are you suggesting a McLaren purchaser is more of an enthusiast than any other buyer?
No not suggesting that at all but just amazed at how many McLaren posts there are on pistonheads these days.Edited by Russell996 on Sunday 31st January 23:02
Definitely seeing a massive increase in the interest in the McLaren brand
RamboLambo said:
Russell996 said:
Are you suggesting a McLaren purchaser is more of an enthusiast than any other buyer?
No not suggesting that at all but just amazed at how many McLaren posts there are on pistonheads these days.Edited by Russell996 on Sunday 31st January 23:02
Definitely seeing a massive increase in the interest in the McLaren brand
Slickhillsy said:
F1Sean said:
roygarth said:
In general those who buy 'Supercars' new are not 'enthusiasts' and are less likely to be involved with Pistonheads.
+1
I agreed in the context that there will be a number of people who buy new do so "just because they can" rather than them wanting that particular type of car all of their life. Of course there will be some who buy new that will be enthusiasts and they are a very lucky select bunch (tiny minority of the population) and good for them.
But I suspect that most (if not all) people that pay ££££'s for a car that is very often 10+ years old are of course genuine enthusiasts.
But I suspect that most (if not all) people that pay ££££'s for a car that is very often 10+ years old are of course genuine enthusiasts.
Edited by F1Sean on Thursday 4th February 12:48
Check out the estimate on this Spanish Waiter Fez California!
http://www.artcurial.com/en/asp/fullCatalogue.asp?...
http://www.artcurial.com/en/asp/fullCatalogue.asp?...
roygarth said:
Check out the estimate on this Spanish Waiter Fez California!
http://www.artcurial.com/en/asp/fullCatalogue.asp?...
I think it made €330k, from memory.http://www.artcurial.com/en/asp/fullCatalogue.asp?...
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