RE: Ferrari FF: PH Fleet
Discussion
neil1jnr said:
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 agreepvj said:
Great write up Chris. Love the fact that you put your money where our mouths are and actually buy these things. I'm now considering whether an FF could replace a Range Rover and a 911 and be an everyday car? Time for some man maths...
Absolutely!Thanks for all the stories on it - even second hand they are still ~GBP280 in Australia so I won't find one in my garage anytime soon
pvj said:
Great write up Chris. Love the fact that you put your money where our mouths are and actually buy these things. I'm now considering whether an FF could replace a Range Rover and a 911 and be an everyday car? Time for some man maths...
If you don't have kids and you live outside of a farm, then ditch the RR. If you live on a farm then ditch the 911.If you have kids, then keep the RR and the 911 and buy the ff as well.
So I really struggle to understand this whole finance thing for some reason. In this example does it work as follows:
You pay deposit of say 45k
You pay monthly fee of 1500 pounds
A few additionals such as insurance etc
You return the vehicle, they calculate depreciation as say 10k and return 35k to you?
You pay deposit of say 45k
You pay monthly fee of 1500 pounds
A few additionals such as insurance etc
You return the vehicle, they calculate depreciation as say 10k and return 35k to you?
Zadkiel said:
So I really struggle to understand this whole finance thing for some reason. In this example does it work as follows:
You pay deposit of say 45k
You pay monthly fee of 1500 pounds
A few additionals such as insurance etc
You return the vehicle, they calculate depreciation as say 10k and return 35k to you?
I would imagine it was a PCP type deal.You pay deposit of say 45k
You pay monthly fee of 1500 pounds
A few additionals such as insurance etc
You return the vehicle, they calculate depreciation as say 10k and return 35k to you?
You put down a 45k deposit, pay 1500 a month x6 then hand it back at the end if the guaranteed future value works out as expected so total cost is 45k + (1500x6) + insurance + fuel, etc.
If you run it as a 'company' car then there may be some way to reduce these I guess.
KTF said:
I would imagine it was a PCP type deal.
You put down a 45k deposit, pay 1500 a month x6 then hand it back at the end if the guaranteed future value works out as expected so total cost is 45k + (1500x6) + insurance + fuel, etc.
If you run it as a 'company' car then there may be some way to reduce these I guess.
Surely it's like this, You put down a 45k deposit, pay 1500 a month x6 then hand it back at the end if the guaranteed future value works out as expected so total cost is 45k + (1500x6) + insurance + fuel, etc.
If you run it as a 'company' car then there may be some way to reduce these I guess.
Car is say £165k
You put £45k down
Outstanding debt is £120k
You pay £1500 a month to cover the interest on the debt
They give you £150k for the car after 6 months
That clears your debt (£120k) and gives you £30k in your pocket.
So you spent £45k (deposit) plus £9k (rental/interest) so £54k.
£54k - £30k is £24k / 6 mth = £4k / mth.
Not including fuel and all the other crap that goes with it.
suffolk009 said:
Chris Harris said:
3304hl said:
"And I'm not convinced they'd (the Germans)be any cheaper to run either."
b
ks! 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.b
ks! 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...
Let's not forget the Wonderful residuals on offer from an M6 coupe and what about the good old RS6 avant?
The Hiding SLS owners have taken and how about the £200k Bentley coupes that ended up being worth £40k.
The list goes on lest i forget my own 911 turbo which went from £150k to 60k with 12k miles on the clock in under 30 months.
For the sake of the cheap seats/skates amongst us, can someone explain how this financing works. Appreciate Chris may not wish to divulge all details, especially if Mrs H is looking over his shoulder
So if a lightly used FF has a £150k ish sticker on it and you don't have, or wish to part with that sum in cold hard cash.
There's talk of a Cayman sized deposit (say £40k) which I'll assume is your cash down or value of another car, and then you borrow the other £110k from FFS. Lets say you borrow at 5% so annual interest is £5500 or £458 pcm. Lets all so say you pay £1458 pcm so paying back £1000 of the capital each month.
After 6 months you feel that the itch is scratched and you want to move on. I imagine there are not so many private sales at this level and you want out quick so sell back to the dealer. Lets say for £140k (probably less!). If no early payment penalty you need to settle £104k to FFS. Leaving you with £36k of your original capital.
If you fancy something else exotic you might need to top this deposit back up again and repeat, or see if you can buy your old Cayman back. Obviously this is just the capital here, leaving running costs out of it for now
OK so I have just made these numbers up but am I on the right wavelength here?
So if a lightly used FF has a £150k ish sticker on it and you don't have, or wish to part with that sum in cold hard cash.
There's talk of a Cayman sized deposit (say £40k) which I'll assume is your cash down or value of another car, and then you borrow the other £110k from FFS. Lets say you borrow at 5% so annual interest is £5500 or £458 pcm. Lets all so say you pay £1458 pcm so paying back £1000 of the capital each month.
After 6 months you feel that the itch is scratched and you want to move on. I imagine there are not so many private sales at this level and you want out quick so sell back to the dealer. Lets say for £140k (probably less!). If no early payment penalty you need to settle £104k to FFS. Leaving you with £36k of your original capital.
If you fancy something else exotic you might need to top this deposit back up again and repeat, or see if you can buy your old Cayman back. Obviously this is just the capital here, leaving running costs out of it for now
OK so I have just made these numbers up but am I on the right wavelength here?
I'd have thought that's about right. I didn't get the notion of losing the deposit. I guess the payments, whilst including the interest, would also be paying some off the balance too so it could, depending upon the deal, end up being closer to just the monthly payments with the most of the deposit returned. Still pricey but what a great experience for a few months if you can.
Why do people get so excited about the money, it is not yours anyway. Who cares.
It is only mad if you cannot afford it. Chris can, knew what it was likely to cost, and has loved every minute.
A proper enthusiast, who loves cars.
Anyway, he has probably made more on his 512 TR over the last year than he lost on the FF
What is he buying next....
It is only mad if you cannot afford it. Chris can, knew what it was likely to cost, and has loved every minute.
A proper enthusiast, who loves cars.
Anyway, he has probably made more on his 512 TR over the last year than he lost on the FF
What is he buying next....
Well I always enjoy reading about Chris's fleet. Wouldn't it be boring if he had a Ford Focus 
Keep it up!
On a vastly reduced scale in the cheap seats, I quite like picking up large engined Mercs for 10% of their retail price, after someone else has lost 90%. Then sell them on in a year for no real losses (in theory / man maths world). One way to see how the other half live. Switch cars and repeat.
Keep it up!On a vastly reduced scale in the cheap seats, I quite like picking up large engined Mercs for 10% of their retail price, after someone else has lost 90%. Then sell them on in a year for no real losses (in theory / man maths world). One way to see how the other half live. Switch cars and repeat.
drjhill said:
For the sake of the cheap seats/skates amongst us, can someone explain how this financing works. Appreciate Chris may not wish to divulge all details, especially if Mrs H is looking over his shoulder
So if a lightly used FF has a £150k ish sticker on it and you don't have, or wish to part with that sum in cold hard cash.
There's talk of a Cayman sized deposit (say £40k) which I'll assume is your cash down or value of another car, and then you borrow the other £110k from FFS. Lets say you borrow at 5% so annual interest is £5500 or £458 pcm. Lets all so say you pay £1458 pcm so paying back £1000 of the capital each month.
After 6 months you feel that the itch is scratched and you want to move on. I imagine there are not so many private sales at this level and you want out quick so sell back to the dealer. Lets say for £140k (probably less!). If no early payment penalty you need to settle £104k to FFS. Leaving you with £36k of your original capital.
If you fancy something else exotic you might need to top this deposit back up again and repeat, or see if you can buy your old Cayman back. Obviously this is just the capital here, leaving running costs out of it for now
OK so I have just made these numbers up but am I on the right wavelength here?
Sounds about right to me but I'm not sure either. I think losing your deposit would make this a little bit more unfeasible! If it's costing you 1000 pounds or so per month with a Ferrari it doesn't sound too bad, worth it for a while!So if a lightly used FF has a £150k ish sticker on it and you don't have, or wish to part with that sum in cold hard cash.
There's talk of a Cayman sized deposit (say £40k) which I'll assume is your cash down or value of another car, and then you borrow the other £110k from FFS. Lets say you borrow at 5% so annual interest is £5500 or £458 pcm. Lets all so say you pay £1458 pcm so paying back £1000 of the capital each month.
After 6 months you feel that the itch is scratched and you want to move on. I imagine there are not so many private sales at this level and you want out quick so sell back to the dealer. Lets say for £140k (probably less!). If no early payment penalty you need to settle £104k to FFS. Leaving you with £36k of your original capital.
If you fancy something else exotic you might need to top this deposit back up again and repeat, or see if you can buy your old Cayman back. Obviously this is just the capital here, leaving running costs out of it for now
OK so I have just made these numbers up but am I on the right wavelength here?
montpellier said:
Why do people get so excited about the money, it is not yours anyway. Who cares.
It is only mad if you cannot afford it. Chris can, knew what it was likely to cost, and has loved every minute.
A proper enthusiast, who loves cars.
Anyway, he has probably made more on his 512 TR over the last year than he lost on the FF
What is he buying next....
there is more to life than amassing a fortune for your relatives to fight over when you are deadIt is only mad if you cannot afford it. Chris can, knew what it was likely to cost, and has loved every minute.
A proper enthusiast, who loves cars.
Anyway, he has probably made more on his 512 TR over the last year than he lost on the FF
What is he buying next....
i would do this in a heartbeat if i could, well done Mr Monkey
Having just spent the weekend, driving and being driven in a FF, I can see why Chris fell in love with it.
The noise it makes is awesome, it can fit 4 blokes in relative comfort with lugage and will still out accelerate pretty much anything else on the road. I can't think of a better car that can do every job to the same level.
Didn't have a bad word said about it all weekend
The noise it makes is awesome, it can fit 4 blokes in relative comfort with lugage and will still out accelerate pretty much anything else on the road. I can't think of a better car that can do every job to the same level.
Didn't have a bad word said about it all weekend
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