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Monday 28 November 2011

The lifecycle of modern Ferraris so when to buy one - IMHO

The Ferrari 360 (with a 2001 list price approaching £100,000) is clearly an expensive object to own. I certainly didn't have that kind of money in 2001 when the car was new and still don't, but of course time is cruel on such "investments" - to a point that is. Early adopters clearly have the money to spend and are happy to take a hit on the car's value, but there comes a time when the model moves into the next stage of it's life - not really a life cycle because it doesn't start again, but more a journey through it's worth and desirability. www.howmanyleft.co.uk is a great way to subjectively look at these things. Take a look at the the data for UK 360's and you will see that they have been through their early adopter phase and are now comfortably settled in their summer use only phase owned by people like me who polish them, maintain them and occasionally drive them. SORN's are increasing and road licensing in Q1 and Q4 are down. Prices as of late 2011 are all over the place from higher mileage cars (>40k miles) at £30k+ to some examples well into the £50K mark. Sorted examples with solid history but perhaps in need of some minor detail should be around £40-£45k. I'm happy I didn't take the ~£4k depreciate on the car since new, but then again that's what you loose on higher value normal daily driver too... so you may as well have the Ferrari instead.

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