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.

 

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.

 

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

 

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

 

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.

 

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

 

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.

 

​​​​​​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.

​​​​​