Remortgage, buy an appreciating ferrari or porker??
Discussion
Bit of a gambol, but if you take away the need to make a profit, and say that breaking even whilst having a great experience is the goal, then it's got to be doable.
If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
Liokault said:
Bit of a gambol, but if you take away the need to make a profit, and say that breaking even whilst having a great experience is the goal, then it's got to be doable.
If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
You are probably right and yes that thread contributed to this a little - saw a lovely 599 and it started my idle mind thinking on this sunday night. I mean with interest rates so low and with a limited mileage policy and warranty cover you could have an amazing ownership experience beyond what you would normally perhaps consider. I mean so many dull cars out there now that people shell out £40k+ new that depreciate like a rock when you can buy something really interesting that holds its value or rises, i mean looks at the GT2s...was considering one of those a year ago, would have been a great buy. Anyway, appreciate a little fanciful but I dont think its that crazy If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
.vanman1936 said:
Liokault said:
Bit of a gambol, but if you take away the need to make a profit, and say that breaking even whilst having a great experience is the goal, then it's got to be doable.
If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
You are probably right and yes that thread contributed to this a little - saw a lovely 599 and it started my idle mind thinking on this sunday night. I mean with interest rates so low and with a limited mileage policy and warranty cover you could have an amazing ownership experience beyond what you would normally perhaps consider. I mean so many dull cars out there now that people shell out £40k+ new that depreciate like a rock when you can buy something really interesting that holds its value or rises, i mean looks at the GT2s...was considering one of those a year ago, would have been a great buy. Anyway, appreciate a little fanciful but I dont think its that crazy If you need to make a profit, there are better placed for your money?
I was looking at 456's after the "I bought a 17k Ferrari thread". One guy on here has spent 40k running a 456 over the last few years ( not the 17k thread guy). Think it was something like £2.20 per mile.
.In terms of car prices, I think we are in a bubble. Would you like to speculate on a bubble?
Interestingly one thing I have noticed over the last two recessions is that collectible cars have fallen and then bounced in such a pronounced manner that I may well take a punt, if i am lucky enough to have funds, when the sh*t hits the fan again.
EVO has an interesting "auction watch" section where they sort of comment on such trends and I think they ran an article on appreciating cars within the last year. Trouble is many of those earmarked have seen a value bump in the last 12-24 months.
EVO has an interesting "auction watch" section where they sort of comment on such trends and I think they ran an article on appreciating cars within the last year. Trouble is many of those earmarked have seen a value bump in the last 12-24 months.
When interest rates rise and they will as inflation grows....yes later this year.....a number of leveraged individuals will be selling their cars. Pay off the mortgage first and don't ever 'invest' in a car.....just drive it. You would be better off buying a single Berkshire Hathaway share than a Ferrari or 911.
Extremely high risk. Only car I would consider is the new Porsche 991 GT3 RS (with manual gearbox if they do it). It's 190k euros.
Sell it with delivery mileage a few months after delivery to China and be blacklisted with Porsche for life.
I think you'd get considerably better returns spreadbetting
Sell it with delivery mileage a few months after delivery to China and be blacklisted with Porsche for life.
I think you'd get considerably better returns spreadbetting
You have probably missed the boat on a number of Ferrari models in that budget, and as has been said already actually driving these cars will not only affect their value but also attract commensurately high maintenance bills, likely cancelling out any appreciation you might see.
The best advice I think has been said already - if your goal is to enjoy a supercar, with any profit being just a nice surprise when you sell then it's a sound plan, but if your primary goal is investment potential then buying (and particularly driving) a supercar isn't the best use of the money.
The best advice I think has been said already - if your goal is to enjoy a supercar, with any profit being just a nice surprise when you sell then it's a sound plan, but if your primary goal is investment potential then buying (and particularly driving) a supercar isn't the best use of the money.
Caruso said:
It is possible make money doing this, but I think you've missed the boat this time round.
This, a couple of years ago you could buy a Ferrari 348 for £25k. Now they start at nearly £40k.http://www.pistonheads.com/classifieds/used-cars/f...
Gassing Station | General Gassing | Top of Page | What's New | My Stuff