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Seriously an F’in Ferrari? You know you can get CD’s that are risk free 5-6% range right now right?

Quote:

Originally Posted by Nantonaku (Post 3603277)

Seriously an F’in Ferrari? You know you can get CD’s that are risk free 5-6% range right now right?

I got a 20.9% return on my Ferrari over 3 years. And I got to drive it. Cost about $400 a month in maintenance, insurance and interest.

Edit: it was a 20.9% return on the purchase price. It was more like 28% on my cash investment.

Quote:

Originally Posted by 4runner (Post 3603271)

Dollar generals don’t franchise, I already checked. Neither do waffle houses anymore. Good idea though.

You buy the property, not the business. You can’t swing a dead cat without hitting a Dollar General thats for sale. Look on LoopNet especially in the mid west. They’re a dime-a-dozen.

Quote:

Originally Posted by Nantonaku (Post 3603277)

Seriously an F’in Ferrari? You know you can get CD’s that are risk free 5-6% range right now right?

nobody on their deathbed has ever said “I wish I had bought a CD instead of owning that Ferrari”

Quote:

Originally Posted by OOfff (Post 3603139)

5:29 gears are pretty steep, what kind of rock crawling buggies are you building for them?

its a good way to limit the top speed for the young uns

Quote:

Originally Posted by OOfff (Post 3603340)

nobody on their deathbed has ever said “I wish I had bought a CD instead of owning that Ferrari”

perhaps, but I bet they thought “I really am glad I set them up to be as financially secure as I could”, and maybe they will move on a little more peacefully knowing they didn’t let a burden fall on anyone that is by their side when the maker comes a calling.

Quote:

Originally Posted by runinonfumes (Post 3603373)

if only it were possible to both enjoy yourself with toys and leave an estate after spending decades as a six-figure earner

Quote:

Originally Posted by Gunfighter (Post 3603251)

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. :D

+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.

One can tell the Delta pilots got a decent contract when we have gone from talking about Miatas to Ferraris.

Quote:

Originally Posted by Nantonaku (Post 3603277)

Seriously an F’in Ferrari? You know you can get CD’s that are risk free 5-6% range right now right?

I'm looking for the best entertainment ROI not financial. Ferrari definitely wins that comparison. The more accurate comparison would.be new Miata vs used Ferrari.

IMHO capital that doesn't beat inflation should be liquid not tied up for months or years at a time. TBills, CDs and cash are simply storage places where money sits while the investor is finding a purpose for it. Cash is like short call, the purpose is being "promptly available" if needed.