Its all relative isn't it. I try to explain to my wife its the cost of ownership that counts and not the ticket price. With the Free Servicing and Warranty I try to convince myself that the depreciation is affordable , especially if the majority is not on finance. A local BMW garage offered me a 'great deal' - so they thought. Drive a 60k car for 6 months and a guaranteed buy back of 5,000 less if I did less than 3,000 miles. I won't lose much different to 10k / year on a 6 figure ferrari. Its all relative. To most people all these cars are bonkers. But it makes me and other forum members happy. Whats VFM is very personal.
Investing in property is probably the best financial sense. But I can't bring myself to buy places, rent them out, and hope in 30 years (in which time I have probably died of an MI due to overwork or a car crash in a maserati in drag) I can sell them to help pay for my care home.
You buying a care home now?
Anyway, the thing I don't understand about Ferraris' is the dealer margin. Sure depreciation is light but if the guys in the Next suits, Simpsons socks and Hugo Boss pants are taking £15k+ out of you in margin then that leaves little room for depreciation if you don't keep it long. Just saying...
I agree with cost of ownership being the driver but if prices dive and that 185k become 150k or less I can't afford to reconcile that. It is unlikely I know but the risk is real and possible. I haven't got enough money to take that chance.
Much of my car buying/selling is fairly low cost, low risk & generally zero depreciation. It is a model that has worked for me with maybe my total outlay on my car passion (affliction) maybe 5-10k per year covering everything. I don't gamble or spend money on anything else so doesn't seem bad value really.
Now and again if something appreciates it could be a bonus.
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Still a raw Ferrari but so much moved the game on. Standing start at Millbrook we reached 184 mph at the mile marker. On chat it lights up like a jet fighter and so planted. The Portofino will imo be the most sought after model for a long time being all things to all men.