Could you run a supercar for 1 year for 10k?

[GarryA]

I'm having bad thoughts about getting something daft, just for 12 months to say I've done it.

I can get the money to buy the car but I must get a good bit back at the end of the 12 months,

Ferrari 360 - £40k

Insurance - £800

Fuel over 5k miles - £1800

Consumables - £1200

Service - £1200

Depreciation - £5k or end sale price £35k

Thoughts?

[Needa308GT4]

buy carefully and you could end up IN a profit.

[IainT V6]

GarryA said:

Thoughts?

A fantastic idea if you can afford to - do it. May be tough to walk away in 12-months time though...

[deltashad]

Needa308GT4 said:

buy carefully and you could end up IN a profit.

Agree, if you're careful and only keep it for a year depreciation will be minimal. May even go the other way?

[mx5tom]

GarryA said:

Ferrari 360 - £40k

Fuel over 5k miles - £1800

Depreciation - £5k or end sale price £35k

Thoughts?

Would it really lose 5k in a year and 5k extra mileage? I would have thought a car like that would have already done the bulk of it's depreciation by £40k... Then again I have absolutely no idea.

[GarryA]

I'm trying to be cautious!

[deltashad]

You got me looking at 348's, hmmm...

[steelej]

I'm pretty sure you wouldn't lose 5k in a year by only adding 5k miles, a 40k 360 is at the lower end of the market but I saw a 40k 36 recently and couldn't really fault it. Just buy wisely and it's definately doable, but as others have said parting with it in a year after you've had the taste of a Ferrai will be the difficult bit

John.

[Vitorio]

Dont know what UK prices are doing on ferrari's but here 40k (or 55k euro) wouldnt really find you a whole lot of 360s, a decent 355 perhaps, and a whole load of 308/328/348s

If your objective is to do this without losing lots of money i'd suggest finding a ferrari which has had a boatload of maintenance lately, rather then finding a cheap 360. If something goes bang on those cars, youll be losing money hand over fist.

[okie592]

cant spend it when your dead, go for it

[LukeMR2]

Sounds good to me, go for it! You only live once.

[Chris Peacock]

E39 M5.......... Buy for 6k.........


Do nearly 200 mph on a VMAX day.


Sell 12 months later for 6k......

[crocodile tears]

Vitorio said:

Dont know what UK prices are doing on ferrari's but here 40k (or 55k euro) wouldnt really find you a whole lot of 360s, a decent 355 perhaps, and a whole load of 308/328/348s

If your objective is to do this without losing lots of money i'd suggest finding a ferrari which has had a boatload of maintenance lately, rather then finding a cheap 360. If something goes bang on those cars, youll be losing money hand over fist.

we have one of the best (or if you're buying new.. The worst) second hand market in the world..

Theres a fair number of 360s for £40k in the classifieds

[kavman0]

I like your thinking, you only live once and you can't drive money.

[R300will]

You'll never get rid of it.

[okie592]

R300will said:

You'll never get rid of it.

then crash it into a tree, get a insurance pay out, bit of whippy bingo bango

[GarryA]

Chris Peacock said:

E39 M5.......... Buy for 6k.........


Do nearly 200 mph on a VMAX day.


Sell 12 months later for 6k......

When you say nearly 200 do you mean 180?

In that case my 120d does nearly 170mph.

[Presuming Ed]

Good plan but my money would be on a 550 Maranello rather then a 360.

[thinfourth2]

What do you want it for?

A similar budget would take you hill climbing for a year or two

[BIST0]

You'll need to buy carefully to minimise depreciation as the dealer mark up for sale price and trade values are a long way apart. Could easily see most of that 10k walking out the door if you bought from a dealer and needed to shift it in 12 months.