GTS to 599??? Help Me Take Emotion out of it...
Dec 26, 2012 | 05:41 PM
#41
Thread Starter
| Teamspeed Senior Member
Joined: May 2010
Posts: 601
From: Dallas
AutoScope. I was going to have Norwood do it, but their schedule wasn't going to get this in until late next week. I'm trying to get this done before 1/1, so called Autosope (Park Cities) instead. Not sure if the snow is going to delay given they need to get the car over there (and I wouldn't want it on these roads right now).
Dec 26, 2012 | 05:43 PM
#42
Dafuq?? Why is there a Llama?
Joined: Mar 2012
Posts: 1,581
From: Houston, tx
Hi Scott,
Well, I disagree with you..but maybe its just my opinion. A Ferrari or a Porsche is a luxury, which is not the 1st priority in life. I admit I am car nut..and that my Porsches are high up in priority..but - for me its clear: I only buy what I pay on the same day. If one looses his/her job - leasing rates for a Porsche or Ferrari are an unnecessary burden.
None of my cars is payed in rates..and it will stay the same way. For a house its clear..I dont have half million in cash so need to rely on "external funding".
Nevertheless, I think that leasing is sometimes "perverse" for some people. A Porsche sales man told me once "25K cash and you can out of here with any new 911 you want"...of course the rest to be done by monthly installments..
Of course if somewhere else your sure to get more than 5% than its cheaper to lease..but only if this is certain - than I would lease.
Well, I disagree with you..but maybe its just my opinion. A Ferrari or a Porsche is a luxury, which is not the 1st priority in life. I admit I am car nut..and that my Porsches are high up in priority..but - for me its clear: I only buy what I pay on the same day. If one looses his/her job - leasing rates for a Porsche or Ferrari are an unnecessary burden.
None of my cars is payed in rates..and it will stay the same way. For a house its clear..I dont have half million in cash so need to rely on "external funding".
Nevertheless, I think that leasing is sometimes "perverse" for some people. A Porsche sales man told me once "25K cash and you can out of here with any new 911 you want"...of course the rest to be done by monthly installments..
Of course if somewhere else your sure to get more than 5% than its cheaper to lease..but only if this is certain - than I would lease.
I believe in having at minimum 1 year living expenses, and no CC debt. Once those are met, I feel its acceptable to finance whatever you want as long as those finance payments are factored into your 1 year of expenses.
Of course in a perfect world we could all pay cash for everything, but I also believe in the notion that we should do things tha make us happy, as life is only so long.
Dec 26, 2012 | 06:39 PM
#43
Teamspeed Junior Member
Joined: Mar 2011
Posts: 40
From: Denver, CO
I had a Rossa Barchetta (Dark Red Non-Metallic) 550 Maranello and it attracted many buyers, due to the color. Most of the people who called me, said they specifically were looking for that shade of dark red (maroon?). I sold the car in 3 days for the asking price.
Dec 26, 2012 | 07:22 PM
#44
Neg Rep Zen Master
Joined: Jan 2008
Posts: 4,573
From: Up Yours!
I get all the comments about financing v cash, so let me give you a little bit of my thoughts on the subject as it relates to my decision here:
1) There isn't a problem of making the payments, it's more of a decision whether to pay the GTS off and have it as my 'keeper' for years to come (and maybe buy a Ferrari after that), or to buy a Ferrari now with the realization that I'll probably never keep it for that period of time.
2) Cash is cheap right now. Even for a used loan, 2.99% is cheap. I'd rather pay 3% for a loan while I'm making 5%+ in other places with my cash than to put all that cash up front into a depreciating asset.
3) Speaking with a couple of Ferrari dealers, most of their clients (even the regular ones) finance their cars through them. Basically, none of them plan on keeping those cars past 2-3 years, and they would rather have their cash put in other 'investments'
So from my perspective, there's nothing here related to a finance v cash issue. I actually see the finance route as a better use of my disposable funds than by keeping $150K or more around to buy on a car. When I have those times that I do have that kind of free cash available, it gets invested or put to use for property items...not for a car.
BTW: still working on a couple of cars, with one planned for PPI this week. But the snow in Dallas has pretty much brought the town to a slow crawl this week.
1) There isn't a problem of making the payments, it's more of a decision whether to pay the GTS off and have it as my 'keeper' for years to come (and maybe buy a Ferrari after that), or to buy a Ferrari now with the realization that I'll probably never keep it for that period of time.
2) Cash is cheap right now. Even for a used loan, 2.99% is cheap. I'd rather pay 3% for a loan while I'm making 5%+ in other places with my cash than to put all that cash up front into a depreciating asset.
3) Speaking with a couple of Ferrari dealers, most of their clients (even the regular ones) finance their cars through them. Basically, none of them plan on keeping those cars past 2-3 years, and they would rather have their cash put in other 'investments'
So from my perspective, there's nothing here related to a finance v cash issue. I actually see the finance route as a better use of my disposable funds than by keeping $150K or more around to buy on a car. When I have those times that I do have that kind of free cash available, it gets invested or put to use for property items...not for a car.
BTW: still working on a couple of cars, with one planned for PPI this week. But the snow in Dallas has pretty much brought the town to a slow crawl this week.
Dec 26, 2012 | 07:23 PM
#45
Neg Rep Zen Master
Joined: Jan 2008
Posts: 4,573
From: Up Yours!
no the 612 is a Gentleman's GT, 599 GTO will piss on a 458 all day long ...
Dec 26, 2012 | 07:24 PM
#46
Neg Rep Zen Master
Joined: Jan 2008
Posts: 4,573
From: Up Yours!
AutoScope. I was going to have Norwood do it, but their schedule wasn't going to get this in until late next week. I'm trying to get this done before 1/1, so called Autosope (Park Cities) instead. Not sure if the snow is going to delay given they need to get the car over there (and I wouldn't want it on these roads right now).
Dec 27, 2012 | 11:57 AM
#49
Teamspeed Junior Member
Joined: Oct 2010
Posts: 51
From: Texas
That car is beautiful. I don't think you'll be missing the GTS at all. How are they treating you on the trade-in?
Dec 27, 2012 | 12:03 PM
#50
Dafuq?? Why is there a Llama?
Joined: Mar 2012
Posts: 1,581
From: Houston, tx
Fo a DD, Ill never have a black car again, just too much maintenance. I wouldnt mind it for a second car or a toy.