Originally Posted by
Gunfighter
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.
If you are serious about buying a Ferrari - go join FerrariChat and see what to look for and what to avoid.
Provenance and service history is absolutely essential for a Ferrari (or really any exotic) to appreciate. If going the 360 route, get a 6MT car (you will pay a premium), but any Ferrari with the gated manual is key right now. Although more expensive than a 360, I would go 550 if you can make the numbers work. 456s are cheaper, but require very expensive service. It goes without saying, but you will most likely do a lot better with a CD or other investment instrument than an exotic - but assuming you are already invested smartly, there are ways to own an exotic and make a bit of money when you go to sell (even after factoring in maintenance, interest payments, etc).
I am going the Porsche route and have zeroed in on a 997.2 Coupe (2010) with the 6MT.