I am considering buying a used Ferrari California. There a a few ones under $100k (2010~2013 model year). Entry level Ferrari, don’t break the bank account, relatively reliable (not comparable to Toyota of course), seems not bad?
Maintenance is high, $2k+ insurance, $800 oil changes, $4500 factory warranty if don’t want to pay repair bills. Worth? Thought?
My family tc is around $700k, monthly mortgage is ~10k, two kids are all at private schools, $40k tuitions in total per year.
- 700k in Seattle is big bucks. In the Bay Area it is not (for a family). Nothing wrong with doing this - as long as you realize you are pissing away 100k. Much better midlife crisis than having an affair - your wife will be thrilled it is just a car.
- In the Peninsula where houses run around $2M, an after tax income of 400k for a family of 4 is definitely not big bucks. It is enough to pay for a mortgage, cars, schools, save for college for the kids and sock a bit away for retirement. "Big bucks" means vacation homes, Ferraris and flying first class (or private) anywhere you go. You will need well over a mil a year family income to get there in the Bay Area.Feb 62
- Your wife is also an engineer? And you live in Seattle? That’s a huge comp for Seattle
- Lame. Even 2017 Ferrari’s aren’t cool to people who drive exotics. You’re going to look like a try-hard poser.
- I mean buying old exotics is sort of an odd flex unless you’re a collector. Go big and buy new, get your exact specs, warranty, prestige, etc and give yourself the enthusiast experience where you feel like you really earned something special. Then sell a year or two later for basically the same price you paid to some chump (exotics have surprisingly good resale value if you’re original owner) and then upgrade to the latest version or try out a McLaren and never look back. That’s what I did.
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- Innovium AI_MatrixThis is all very misguided advise. Forget Ferrari, to be really happy you need to save up to buy a private jet, or at least get a significant timeshare in one. Gulfstreams are great. You'll need to see if you could get rights to take off and land from Moffett, depending on if you plan on using it for work days as well.
- Bank of The West GSWmoreFerrari is a very nice luxury car but comes with high m/t similar to its lower brand name under Maserati. If you do decide to buy and you are the Ferrari guy :) then definitely buy as much warranty from dealer as possible as you will for sure hit the service department couple of time in a year. Also try not to make this your regular car but just weekend car. It runs great and has a big a$$ brand name but will also lose
- Qualcomm $@!*To enjoy it you dont have to buy it! Also where are you going to drive it to office? In such traffic?
- Ultimate Software JackViiiI would get it but make sure you put enough down so that when and if you decide to sell it you aren’t upside down. I also assume this is a weekend car and not a daily driver in which I would say don’t get it yet. Get a nice little Audi or something to drive daily pull out the Ferrari only on weekends.