explain this to an old man

explain this to an old man

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Discussion

bordseye

Original Poster:

1,344 posts

130 months

Saturday 2nd February
quotequote all
Enquired at a Ferrari dealer about a 2009 car showing just 10k miles. To my surprise, but likely not to yours, the car has had 5 owners. So each owner has averaged 1000 miles a year and over an average 2 year ownership has suffered at least 15 k depreciation / dealer margin. Plus £1000 in service.

From what the dealer said, the recent ownerships have been a year or even 9 months.

Why? Is it something to do with personlal finance plans? Or just butterfly brains. Or is it a case that young guys push themselves to afford a Ferrari for a year and then go back to a BMW?

davek_964

5,202 posts

113 months

Saturday 2nd February
quotequote all
It's typical of these kind of cars.

How long did you own your 430?

johnnyreggae

2,272 posts

98 months

Saturday 2nd February
quotequote all
How long did you own your 430 ?

Something changed and so you moved on

And now you query why other cars have short and/or multiple ownership ?


BlackR8

140 posts

15 months

Saturday 2nd February
quotequote all
5 owners on a 2009 car feels pretty common for a supercar or exotic. Some would argue its a 'low owner' car!!

Trev450

5,673 posts

110 months

Saturday 2nd February
quotequote all
Nothing unusual with higher end cars. My 2010 R8 has had 6 former keepers, but 4 of them owned the car for less than a year.
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andrew

8,604 posts

130 months

Saturday 2nd February
quotequote all
not unusual, and generally for some combination of four reasons :

to own one briefly just so that they've had/can say they've had the experience
itch to move on and sample something else
pushing themselves briefly financially, but really needing the money long-term for something more important
it's a lemon

Roof down

133 posts

64 months

Monday 4th February
quotequote all
It’s more to do with the overwhelming super car experience, that brings with it a bag full of worry and anxiety.
To some degree a feeling of guilt as well, when I first owned my 360 spider I found the attention very over bearing, I also wondered if I had lost my marbles, should I have bought another truck for the business, that sort of thing.
Then the niggle of spending more to keep it fully serviced for a relatively short period of use each year than sometimes seems sensible, keeping a space blocked in the garage all the time.
These are the reasons apart from private financial ones that I believe they are changed frequently.Mike

Roof down

133 posts

64 months

Monday 4th February
quotequote all
Roof down said:
It’s more to do with the overwhelming super car experience, that brings with it a bag full of worry and anxiety.
To some degree a feeling of guilt as well, when I first owned my 360 spider I found the attention very over bearing, I also wondered if I had lost my marbles, should I have bought another truck for the business, that sort of thing.
Then the niggle of spending more to keep it fully serviced for a relatively short period of use each year than sometimes seems sensible, keeping a space blocked in the garage all the time.
These are the reasons apart from private financial ones that I believe they are changed frequently.Mike
Changed frequently probably the sellers never buy another super car.

Roof down

133 posts

64 months

Monday 4th February
quotequote all
It’s more to do with the overwhelming super car experience, that brings with it a bag full of worry and anxiety.
To some degree a feeling of guilt as well, when I first owned my 360 spider I found the attention very over bearing, I also wondered if I had lost my marbles, should I have bought another truck for the business, that sort of thing.
Then the niggle of spending more to keep it fully serviced for a relatively short period of use each year than sometimes seems sensible, keeping a space blocked in the garage all the time.
These are the reasons apart from private financial ones that I believe they are changed frequently.Mike

sonicbloo

531 posts

88 months

Monday 4th February
quotequote all
Due to the cheap steel used on Italian cars, people use them for a year then sell them before the MOT as they invariably need the sills and floor welding to get through the test.

Check for chicken wire, newspaper and filler in the bottoms of the doors too smile

Larry5.2

294 posts

46 months

Tuesday 5th February
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Another reason for short ownership is that if they're not a Lamborghini, people get bored of them rather quickly...

Trev450

5,673 posts

110 months

Tuesday 5th February
quotequote all
sonicbloo said:
Due to the cheap steel used on Italian cars, people use them for a year then sell them before the MOT as they invariably need the sills and floor welding to get through the test.

Check for chicken wire, newspaper and filler in the bottoms of the doors too smile
I presume this statement is being made with tonge-in-cheek! Whilst this was most certainly the case in the years prior to the late 80's, it is far from the case nowadays.

magnum555

433 posts

97 months

Tuesday 5th February
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If you have the reg number I can check when the owners changed.

Adam B

14,817 posts

192 months

Tuesday 5th February
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What a bizarre post

Per OP's garage he owned an F430 spider for only 15 months and 2,000 miles, noting:

"Couldnt get away from the feeling that I owned an unexploded bomb ( manifolds, clutches etc) and sold too soon. Would I recommend - no, not really. They are unuseable except for special days or unless youb are rich and dont care."

Then comes on here asking why people don't own exotic cars for long confusedconfused

sonicbloo

531 posts

88 months

Tuesday 5th February
quotequote all
Trev450 said:
I presume this statement is being made with tonge-in-cheek! Whilst this was most certainly the case in the years prior to the late 80's, it is far from the case nowadays.
Ha Ha, yes of course it was. I'm sure Ferrari used up the cheap steel they bought from Lancia long before the 430 was born

Sarnie

5,917 posts

147 months

Wednesday 6th February
quotequote all
Why do people care about the number of owners?????

You could argue that a one owner car could be owned by an idiot who cuts corners, misses services, rags the car, puts in 95ron petrol etc etc....

A car with five owners is likely to have been sold to and bought from dealers, with the car being prepped, serviced and brought up to perfect spec everytime.......

It literally makes no difference to me. Condition, spec, service history, price and miles are pretty much my main concerns..........

Trev450

5,673 posts

110 months

Wednesday 6th February
quotequote all
sonicbloo said:
Trev450 said:
I presume this statement is being made with tonge-in-cheek! Whilst this was most certainly the case in the years prior to the late 80's, it is far from the case nowadays.
Ha Ha, yes of course it was. I'm sure Ferrari used up the cheap steel they bought from Lancia long before the 430 was born
Ha ha, yes and probably from early Alfa Romeo's too.

The Surveyor

6,290 posts

175 months

Wednesday 6th February
quotequote all
Sarnie said:
Why do people care about the number of owners?????

…............
The perception is that nobody kept the car because its either :-
a, A Friday special with loads of little problems,
b, A duffer with a major problem nobody can sort, or
c, It's rather dull and nobody loved it enough to keep it.

The reality is of course that these cars are simply swapped regularly as the owners search for that illustrious 'keeper'.

Adam B

14,817 posts

192 months

Wednesday 6th February
quotequote all
Sarnie said:
Why do people care about the number of owners?????
I know people who have bought cars to give them a go, with every intention to sell them on before the first service is due. Now they didn't want to prang it or scrape it and ruin its value, but they couldn't give a stuff about long term maintenance / warming up correctly / mechanical sympathy.

If someone buys a car and intends to keep it for 5 years+ they are going to be far more caring of it

Mits

48 posts

156 months

Wednesday 6th February
quotequote all
My 360 is 19 yrs old and has 5 previous owners, I’ve been the longest at 5yrs and done the third of the mileage.
Some of the other longterm owners just never drove it, the first owner must must’ve sold for over list.
Once the initial thrill has worn off it gets used less. 6k in my first 2yrs and 3k in the past 3yrs. Still spending £1-2k per year on services and bits and pieces.
Some people buy in the spring and sell before winter when it will just be garaged, expensive if on finance.