Will modern Ferraris devalue more than....

[ferdi p]

Originally Posted by 360trev

I bet you can afford to buy it if you really wanted too though. If you sold some of your other assets you could stretch to buying it.

Your not going to be heading into financial ruin if your car needs a clutch and cambelt, new tyres and a full service. Some people who've really stretched to buy their cars cannot even afford the petrol.

True but I would rather have you around to work on my car, I'd save a fortune!!!!

[Michael_360_Modena]

The one that is going to fall is the Cali. I was parked up in the NCP in Basil Street, Knightsbridge yesterday on one floor of this small car park, 3 Calis parked. Looked great and of course you'll see lots of Ferraris in a car park like this. I've parked here for 15 years, but never seen 3 of the same model together.

[candellara]

Apart from the odd exceptions (F40 etc) all cars depreciate - fact. The more you spend, the more you lose in depreciation. Older cars that have hit the bottom of the depreciation curve (308,328,348,355) - you won't do a bundle on in terms of depreciation - but will make up on in terms of maintainence.

Whichever way you work the numbers on sportscars - you lose. Whether it's depreciation, cost of change between trade and retail, finance charges or on maintainence. Sportcars are a vice and the vice costs $$$.

[Mario149]

Originally Posted by candellara

Apart from the odd exceptions (F40 etc) all cars depreciate - fact. The more you spend, the more you lose in depreciation. Older cars that have hit the bottom of the depreciation curve (308,328,348,355) - you won't do a bundle on in terms of depreciation - but will make up on in terms of maintainence.

Whichever way you work the numbers on sportscars - you lose. Whether it's depreciation, cost of change between trade and retail, finance charges or on maintainence. Sportcars are a vice and the vice costs $$$.

I don't think that's in dispute! The question is more how they compare over x years from new, and in the long term i.e. where the 10 year gap between a 30 year old and 40 year old car makes no odds

[Michael_360_Modena]

Gents

I have a 1999 Autocar, the edition that tested the 360M. In the ads at the back 328GTS cars are around £36K. 355GTS cars are late £90k.

[Kenyon]

Bought my 348 (LHD) late DEC 2000 for £29K and just sold it for £35K with the extra's (tubi, comp wheels etc). I after nearly 10 years of ownership done and covered 490000 miles in that time. I know I have spent a lot on parts, servicing etc but hey that's life when you own a ferrari.

[steve f]

490000 miles wow it must be the highest mileage ferrari in the world

[Kenyon]

Originally Posted by steve f

490000 miles wow it must be the highest mileage ferrari in the world

Oops 49000

[amzamz]

... the classic car market is full of expensive models. They all have the following in common: (1) less than 500 were produced, (2) model has had race success in history (or other forms of publicity, like Dinky Toys 1:43, James Bond movie), and (3) the design is spectacular or beautiful. Complexity of maintenance, lousy handling, everyday usefulness (e.g. no roof) or engine power do not count! Prices usually go down in the first 20 years of a car model, but may come back after 40 years. However, if you add together all the expenses for maintenance, it will rarely pay back (unless you don't drive the car!). Conclusion: you'd better just get the car you desire and drive it! Old or new, no matter what...

p.s. I have a 1929 Bugatti T35B and a 2005 Spyker C8 Spyder...