Planning on buying a Ferrari

[Duff62269]

Reasons:

Prestige
looks
Speed
handling
It will get me laid

Anyways, I'm thinking about selling my Hyundai Tiburon gtv6(which only has 15k miles on it) and selling it to put toward a ferrari 328 gts when I graduate from school. My parents told me they would fork over about 25000 on a car(as a graduation present) when I graduate so I decided I would sell my tiburon for 10,000 and get a good condition 328 gts that goes for about 35000. I am really tired of my tiburon because it is no longer fun to drive because the most it will hit is like 137mph at redline. I love to drive fast and want something to street race with. I was embarassed one time when I challenged a new corvette at a streetlight and he just pulled over in front of me like my car couldn't even move. Any other suggestions for fast cars I can get around that price range that are exotic?

[LiftThatWeight]

get a nice mustang cobra or an sti for that money

[animal-mother]

I wonder what the monthly payment on something like a Ferrari 430 or a 360 would be on a 5 year contract.

When I start getting a 'real' paycheck and can put some money down, I might consider that.

But when that happens I'll have 'real' bills to pay

[animal-mother]

**** I just did the math. A 200,000 loan for 5 years @ 9.95% is 4244.99 a month.

Some day I'll get there though.

[LiftThatWeight]

You guys are one of those retards that drives a porsche yet lives in an apartment and can barely pay the bills. Smart people put their money towards something that can benefit their families not an expensive 2 seater

[animal-mother]

You guys are one of those retards that drives a porsche yet lives in an apartment and can barely pay the bills. Smart people put their money towards something that can benefit their families not an expensive 2 seater

LOL

[Duff62269]

Haha, someday I want to get a 360 modena or f430. lets see I'll do the math right here. By the way I'd rather have a nice car than a big house because all I really do in my house is sit on my ass all day except when I go to the gym. So I really only need like 2-3 rooms.

At a $50,000 salary:

$25,000 goes to taxes and food costs/utility and housing costs and general living(in an apartment)

put 25000 in savings for 10 years = 250,000 not including interest so its probably more


spend 100,000 on a used modena or f430 and I still have 150k in savings.

[Duff62269]

You guys are one of those retards that drives a porsche yet lives in an apartment and can barely pay the bills. Smart people put their money towards something that can benefit their families not an expensive 2 seater

Well some people dont have families . I don't have a girlfriend so its not looking like I'll get married someday, so I can spend all the money on myself .


I can make it affordable and live in an apartment for like 200-300 a month. Then I can go buy my ferrari after a few years lol.

[_Lifter4Life_]

Man, sell your 4banger...

And go for a nice redone Mustang, not a new one, a older one with real power.

Lifter,

[7digits]

You can't afford it, period. And onless you are paying cash or your tom cruise, you have about 2years to think about it because that is when one is going to be available.

[Duff62269]

I'm talking about paying from my savings all at once. I did the math above.

[j_neatherlin]

as Lift was alluding to, it's a poor investment. the ferrari will continue to depreciate over time. when you get rid of it and upgrade to a newer/faster/better car, you will lose a good chunk of change.

real estate, on the other hand, almost always appreciates in value.

it's just a smarter investment to buy a house and drive a beater, than it is to throw money away on renting a place and purchasing a car.

[Duff62269]

But houses aren't fun . You get a thrill out of them. I don't see the purpose of owning any more than 3 rooms because all I need is a bedroom to sleep in and play my xbox 360, a kitchen to eat, and a bathroom. I really don't do much in the house. Plus an exotic will keep most of its value if I get it serviced regularly.

[7digits]

if you have a f-40 or f-50 or even a 355 that is race proven, a ferrarri will be worth more than a showroom condition car.

[Oddball]

can't you invest?

[j_neatherlin]

But houses aren't fun . You get a thrill out of them. I don't see the purpose of owning any more than 3 rooms because all I need is a bedroom to sleep in and play my xbox 360, a kitchen to eat, and a bathroom. I really don't do much in the house. Plus an exotic will keep most of its value if I get it serviced regularly.

i know...but I'm just saying, it's not a *smart* purchase. while an exotic may hold it's value better than a domestic sedan, it will still depreciate. say you lose 5 grand on the resale...if you buy a house and then resell it down the road, you will make say 10 grand. that's a $15,000 difference in your pocket.

anyway, you can pick up at 2002 or 2003 BMW M3 for around $35k. I'm not sure how many HP those are pushing, but I'm guessing around 325 - 350. Nice car, pretty new...big pimpin.

edit: a 3+ bedroom house is a better investment b/c of resale...no one is buying 2 br houses

[Guy Fawkes]

Haha, someday I want to get a 360 modena or f430. lets see I'll do the math right here. By the way I'd rather have a nice car than a big house because all I really do in my house is sit on my ass all day except when I go to the gym. So I really only need like 2-3 rooms.

At a $50,000 salary:

$25,000 goes to taxes and food costs/utility and housing costs and general living(in an apartment)

put 25000 in savings for 10 years = 250,000 not including interest so its probably more


spend 100,000 on a used modena or f430 and I still have 150k in savings.

I think you just proved to everyone that you're not going to get there. But you made me LOL, so reps.

[Duff62269]

I think you just proved to everyone that you're not going to get there. But you made me LOL, so reps.

Of course I could, 10 years isn't that long. My starting salary will be like $60,000 because I'm getting a job in the information technologies field.

[sleepz xl]

But houses aren't fun . You get a thrill out of them. I don't see the purpose of owning any more than 3 rooms because all I need is a bedroom to sleep in and play my xbox 360, a kitchen to eat, and a bathroom. I really don't do much in the house. Plus an exotic will keep most of its value if I get it serviced regularly.

homie as ill as ferraris are, it would be a horrible decision on ur part to buy one. i know ur thinking u can afford it, and maybe you can for the car itself. but ur forgeting about insurance costs(esp. for a young guy like u), luxury tax, unforseen mechanical costs, gas costs, and just about every other piece of **** thing that could happen. guranteed someone will key ur ferrari. most likely you will get a speeding ticket. and guranteed ur gf will throwup all over ur dash because shes loaded on vodka and ur doing 195mph on I-15(BAM! $500 detailing fee)

[Duff62269]

homie as ill as ferraris are, it would be a horrible decision on ur part to buy one. i know ur thinking u can afford it, and maybe you can for the car itself. but ur forgeting about insurance costs(esp. for a young guy like u), luxury tax, unforseen mechanical costs, gas costs, and just about every other piece of **** thing that could happen. guranteed someone will key ur ferrari. most likely you will get a speeding ticket. and guranteed ur gf will throwup all over ur dash because shes loaded on vodka and ur doing 195mph on I-15(BAM! $500 detailing fee)

The $150,000 other in savings should cover that along with the yearly salary. I really don't know much about luxury tax but I factored in the insurance and mechanical/gas costs. How much is luxury tax?

[animal-mother]

You could get something like a Cadillac CTS-V or a BMW M-3 for around 800/month for 5 years if you put the kind of money that your talking about down.

[sleepz xl]

The $150,000 other in savings should cover that along with the yearly salary. I really don't know much about luxury tax but I factored in the insurance and mechanical/gas costs. How much is luxury tax?

man i dunno.. i havent ever bought a car expensive enough to be taxed like that. but a rich ******* friend of mine has. he paid a couple of grand in luxury tax. but i really have no clue as to what they'd tax on a ferrari, if u even fall under the criteria at all.. probably depends on the the state u live in too.

[Guy Fawkes]

Of course I could, 10 years isn't that long. My starting salary will be like $60,000 because I'm getting a job in the information technologies field.

I really hope you do, but $60k isn't very much. That's like 35k over here and that isn't enough to run a Mini, once you've paid your taxes, accomodation, food, transport, clothes, etc. When you hit $100k, it may be feasible. Good luck.

The other thing. You're building your entire future over getting a used 80s Ferrari just to pull chicks? Dude, spend $1000 in the club and you'll have all the chicks you can handle. Put the rest somewhere sensible, i.e. property/invest.

[kalagan]

You guys are one of those retards that drives a porsche yet lives in an apartment and can barely pay the bills. Smart people put their money towards something that can benefit their families not an expensive 2 seater

Exactly. Plus, the big problem is not only to buy the ferrari but also to pay the assurance and oil; And that's probably the most difficult part.

[SpliffSmoker]

**** I just did the math. A 200,000 loan for 5 years @ 9.95% is 4244.99 a month.

Some day I'll get there though.

You can get a slightly used 360 for $130,000

[Adam444]

$35k would go to Mitsubishi Evolution IX MR... or wait for X.


Fast
Probably one of the top handling cars out there
Light
Rare
Tons of power waiting to be unlocked

[SpliffSmoker]

Haha, someday I want to get a 360 modena or f430. lets see I'll do the math right here. By the way I'd rather have a nice car than a big house because all I really do in my house is sit on my ass all day except when I go to the gym. So I really only need like 2-3 rooms.

At a $50,000 salary:

$25,000 goes to taxes and food costs/utility and housing costs and general living(in an apartment)

put 25000 in savings for 10 years = 250,000 not including interest so its probably more


spend 100,000 on a used modena or f430 and I still have 150k in savings.

That would suck though when you are driving a girl back to your place....she will think she is going to a mansion or penthouse and it turns out to be a small middle-income house. Any golddigger you pick up in a Ferrari and take back to a regular house will leave immediately.

[SpliffSmoker]

$35k would go to Mitsubishi Evolution IX MR... or wait for X.


Fast
Probably one of the top handling cars out there
Light
Rare
Tons of power waiting to be unlocked

Too bad its uglyness outrules all of those. Why couldnt they of just made it look like a sports car? Not an econobox 4-door sedan

[Adam444]

Too bad its uglyness outrules all of those. Why couldnt they of just made it look like a sports car? Not an econobox 4-door sedan

Because it's all about performance.

Also, this is NOT ugly: http://response.jp/issue/2005/0928/a...ages/95069.jpg

[_IRONMAN_]

Too bad its uglyness outrules all of those. Why couldnt they of just made it look like a sports car? Not an econobox 4-door sedan

Something to do with the competition rules.