explain this to an old man

explain this to an old man

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bordseye

Original Poster:

1,986 posts

192 months

Saturday 2nd February 2019
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?

bordseye

Original Poster:

1,986 posts

192 months

Saturday 9th February 2019
quotequote all
Adam B said:
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
Got to agree with that. If the car is ever going to get really ragged its in that shirt time between agreeing a deal to sell it and handing it over. So 5 owners = ragged 5 times.