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.
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Wow, that's flawed. Not wrong, just flawed.
You'd invest $52500 in the Ferrari over 5 years
You'd invest $35000 in the G37 over 5 years
How is that equal? I understand that you'd recuperate all of your initial investment with the 348, and only half with the G37. But you do see that you'd shell out MORE of your cash with the 348. Most people don't think this way. Cash flow and opportunity cost here are NOT equal. And that's an important point to overlook.
However, it sounds like you have considered your options and you claim you can pay the service costs of a daily driven Ferrari 348. Become a member at FerrariChat (
348/355 - FerrariChat.com) and Ferrarilife (
348 - Ferrari Life) and get to know people. Tell them your goals. They're a pretty tightly knit group and it's likely that they know what cars members have available and know the story on what cars dealers have available. I prefer FerrariChat as the group of guys there are closer to Pelicans. You have a few teenage wannabes but mostly just cordial owner enthusiasts.
Best of luck