Originally Posted by
Forgotmyhat
When you buy, be patient and find the right car. When you sell, be patient and find the right buyer. Don’t be afraid of the big numbers, it’s all relative. Shop around for low interest financing. Cash flow beats paying cash for an exotic. Ferraris aren’t magical. Their engines go up and down, same as a Honda. No need to take it to the dealership. Even better, learn how to maintain it yourself. It’s not cosmic and there is no magic Ferrari dust in it. Yes, oil changes cost more than a normal car, but not crazy. Slightly more than say a BMW. As I said, do it smartly and it’s not a big deal. I really am surprised that more people don’t give one a try.
You are definitely on to something with a Ferrari purchase. I've been tracking used Ferrari prices and watching depreciation curves on a few models. There are YouTube channels dedicated to the topic. At one point I had it narrowed down to a California or F360. California is more car for the $$, but the engine is in the wrong location. I'll probably pull the trigger in two or three years. In hindsight, buying a used Testarossa instead of a new 2015 Stingray would have been a better financial decision. Live and learn... I wish all my financial.mistakes were that fun.
+1 on the commercial real estate. Every pilot here could afford a Dollar General by year 5 and have an $8,000 monthly "pension" adjusted for inflation at retirement.