Quote:
Originally Posted by Schumi
I would argue that, over a 5 year period, a $35,000 G37 and a $35,000 Ferrari, driven for 5,000 miles per year for those 5 years, and then sold at the end- would wind up being nearly even in the amount spent. The G37 will lose half it's value, being worth no more than 17.5K when sold (or less) - so you lose 17.5K. The Ferrari, if taken car of, will cost about that same amount in service - 17.5K for 5 years- or $3500 a year (DIY some, but not all the time). And you can turn around and sell it for nearly what you paid for it, maybe a bit less due to the increased mileage.
That's my logic. It was the same logic behind buying my Boxster S.
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Maybe. But one thing to consider is that most used Ferrari V8 buyers are weirdos about things like miles. Every time the car turns a decade in miles, it drops in value.
If you hit 50,000 miles, you are going to lose at least 75% of potential Ferrari buyers. The car will be considered "high miles" by the Ferrari crowd, and will be viewed as being largely worn out. If you hit 75K miles, the car will be all but unsellable.
I'm not saying that makes sense, but it's just the way it is.