OKHJOON - Well, how did you spec it???

 

i wont give all the details ... ill post pics as soon as i get it

all i will say right now is that its grigio silverstone on coiou

 

How much over retail did u pay?

 

At some point the over sticker gets ridiculous that you can move into ultra-luxury/exotic cars...e.g. if a 599 costs 500K+ you get closer to Pagani etc.

 

under 300k

 

MSindi - Exactly. Even with a F430 markup, you're close to CGT prices... I don't see the comparison between those cars!!

Sounds like you got a good deal, than. And nice combo! Have fun with it!

 

thanks

i spent a log time trying to get a car close to sticker, but i noticed i wasnt getting anywhere with the dealer ... just too much demand for the car

since this is one of my dream cars i realized that there is only one way to get the car ... pay for it

even though the start up cost is so much more for the ferrari compared to the porsche .... i still think i would lose more on a porsche after 2-3 years compared to the ferrari

 

If people have money to burn then more power to them. I wouldn't ever pay the type of markups being asked both on principal and I am not prepared for huge depreciation that will definitely come. If we see a correction in the liquidity bubble around the globe you will be able to buy these cars slightly used at .50 on the dollar or less.

 

AaronK - Not trying to bash but I remember you saying that there is not a bursting of a bubble. I guess you have a change of heart.

Also with ferrari you pay to play. I don't see a problem with that. Ferrari keeps production low unlike what Porsche has done. Either way it is not a problem just different business practices.

Aloha

Byron

 

Hi Byron,

Global liquidity and the U.S. economy/housing market are two very different subjects. They may however intersect at some future point, but that is a whole different subject. So with regard to Ferrari and the increased demand, it is and will continue to be driven more by the expansion of global wealth and demand outside the U.S.. Ferrari made about 760 more cars in 2006 than 2005, however, even though the U.S. accounts for 30% of Ferrari sales, only 11%(or 82 cars of the 760) of the increased volume came to the U.S.

With regard to a "change of heart", I believe you are referring to a post from last year by Teutonictrio bemoaning the overall state of the economy, retail industry, inflation, stock market and housing market in the U.S. I had to comment because none of the statements actually had any merit(if you read that thread you would have to agree that recent history has shown him to be in error) and on all counts he had misrepresented the state of the economy. BTW, I still don't consider the current slow down in housing as a bubble bursting by any measure.

 

With oil prices where they are doubt there will be any lack of liquidity anytime soon...So much excess cach both in the CIS and Middle East right now that even if the US market weakens, Ferrari can sell all their cars there

 

by the way ... my car is not treated like an investment ... its a car

its meant to be driven and enjoyed by the owner

even if it ends up losing 50% of its value (which i highly doublt will happen)

i will still enjoy it and not regret purchasing it

 

Okhjoon - I want to see pics of the car in the rain then I will believe your statement "its a car".

Aloha

Byron

 

Amen brother. I am just too cheap.

 

yes its a car ... but it doesnt mean i dont take care of it

good thing it barely rains in los angeles