Thread: Ferrari 348's
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kaisen kaisen is offline
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Join Date: Jan 2005
Location: Minneapolis
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Quote:
Originally Posted by javadog View Post
Can I have both?

I would probably spend a little more to get one with half the miles. 996 Turbo values are all over the map. I tend to look for cars that are in the top 10% of what's available. I think the market tends to undervalue miles and condition on cars that are produced in relatively large numbers. I wouldn't go so far as to buy a 5k mile "Richard Sloan" car but I'd look for the nicest one I could find with the options that I want. I can fix a few little nit-picky things more cheaply than trying to undo the wear and tear of 30,000 additional miles.

The example you showed is a nice car, in a color I wouldn't ever consider. The driver's seat looks a little tired (I know it's a supple leather seat) and the handbrake looks like it hasn't been adjusted in a while. Niether is a big deal but it might indicate that it needs a few things.

JR
If $35K is the goal you can have one or the other. I'd rather have a very nice 60K example than a hard-driven 30K mile example (again, what $35K might buy, we're not talking about you).

And it's true that miles to dollars is not a linear function. But that's why I'd recommend a higher mile 996TT, the depreciation curve is steep. If you're buying it in good shape, it will likely treat you well no matter the miles.... it's a Porsche.

Think about this:
If Schumi puts on 10K miles/year and intends to keep it five years, that's 50K miles. I'd suggest he either find one with 45K miles or just buy one with 90K miles. That way, he'll wither resell it with just under 100K, maximizing resale. Or save the big bucks up front and get clobbered with 140K at the end.

He's going to get clobbered in the Ferrari no matter what. There are very few 348s that see daily driven miles. So putting 50K miles on a low mile example turns it into one most won't consider. As McLovin put it, and I agree, that's just the way it is.
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Old 01-18-2011, 06:59 AM
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