Somersoft Property Investment Forums  

Go Back   Somersoft Property Investment Forums > Community > Coffee Lounge

Closed Thread
 
Thread Tools Display Modes
  #31  
Old 27-02-2005, 08:52 AM
Sultan of Swing Sultan of Swing is offline
Real Estate Salesman
 
Join Date: Dec 2004
Location: NW Coast, Tasmania
Posts: 1,061
Sultan of Swing is just really niceSultan of Swing is just really niceSultan of Swing is just really niceSultan of Swing is just really nice
Quote:
Originally Posted by Rolf Latham
Hi Quiggles

I can see why an ACT person wouldnt have much use out of a big boat, there isnt much water )

ta

rolf
A few laps of Lake Burley Griffin could be fun though.

Does anyone know what the price of one of those boats is? I couldn't find it on the web page. Not that I'd ever buy one, boats don't really do it for me either.

OTOH, I did mention the Ferrari to my wife yesterday just to see what reaction I'd get. 'We don't need one of them!! We could buy 2 Mercedes for that price!' This is coming from a Commodore and Pulsar driving family. Nothing flash here. I've never really been into cars but it's nice to dream.
  #32  
Old 27-02-2005, 10:42 AM
Peter 14.7's Avatar
Peter 14.7 Peter 14.7 is offline
Wannabee Farmer
 
Join Date: Nov 2003
Location: Macedon Ranges, Victoria
Posts: 3,420
Peter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to behold
Quote:
Originally Posted by Sultan of Swing

OTOH, I did mention the Ferrari to my wife yesterday just to see what reaction I'd get. 'We don't need one of them!! We could buy 2 Mercedes for that price!' This is coming from a Commodore and Pulsar driving family. Nothing flash here. I've never really been into cars but it's nice to dream.
What is it about Pulsars in Tassie.

Holidaying in Jan 2001 they are everywhere!

Hum, interesting that all the Wife's who hate the Ferrari idea instantly go for the Mercedes.

It must be the marketing. Mrs 147 was totally besotted with the C200k Sports Coupe because, drum roll please , it came with a refrigerated glovebox for chocolate storage.

The Alfa is pure boy car.!!! Yeah!!!

Got up early to check some work crews this morning. Nothing better than quick zip around the CBD when everyone else is in bed.

On the way stopped at Coes and bought some pastries and mineral water for wife's brekkie.

Triumphantly opened mineral water for appreciative wife only to have it fizz over me and half the kitchen.

Wife and shakes head knowing full well why it was shook up.

Sheepishly, Peter 147
__________________
"It is not what you earn, but what you keep"
  #33  
Old 27-02-2005, 11:32 AM
fatboy4 fatboy4 is offline
Member
 
Join Date: Jun 2004
Location: Bargara Beach, Queensland
Posts: 143
fatboy4 is on a distinguished road
Carstuff

Some of these posts are maligning Porches! Linking Volkswagen to Porsche (while there is some shared early history) is like linking Fiat to Ferrari (doesn't Fiat own Ferrari now?) I'm not knocking Ferraris but I'd rather have a Porsche in my gargage any day- a relaible and usable supercar.

I agree with enjoying the wealth that comes with success, whatever one's interests may be (car, boat, travel, philanthropy, family...) but also agree with the "he (or she) is richest whose pleasures are simplest" credo.

Regards,

Fatboy4
  #34  
Old 27-02-2005, 12:24 PM
AdamN's Avatar
AdamN AdamN is offline
Technogadgetfreak
 
Join Date: Jun 2003
Location: Singapore
Posts: 123
AdamN is on a distinguished road
Quote:
Originally Posted by fatboy4
doesn't Fiat own Ferrari now?
Fiat have had majority ownership of Ferrari for a while, but the Ferrari family still own a portion of the empire.
Looks as though there will be larger Fiat signage on the new Ferrari F2005 formula 1 cars to be launched at the Spanish GP in May :
http://www.formula1.com/news/2620.html

Ad(ios).
__________________
The bitter taste of poor quality remains long after the sweetness of low price and meeting the deadline is forgotten.
  #35  
Old 27-02-2005, 05:54 PM
geoffw's Avatar
geoffw geoffw is offline
Untitled
 
Join Date: Dec 2001
Location: Queanbeyan NSW
Posts: 14,845
geoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to behold
Quote:
Originally Posted by <KS>
d) I am glad the topic of upkeep came up - the biggest fear of buying one of these monsters in the future for me was wether or not I was buying above my 'station' and could afford to have a nice life and upkeep the car.
Are we talking about ladies or cars?
  #36  
Old 27-02-2005, 06:00 PM
geoffw's Avatar
geoffw geoffw is offline
Untitled
 
Join Date: Dec 2001
Location: Queanbeyan NSW
Posts: 14,845
geoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to beholdgeoffw is a splendid one to behold
Quote:
Originally Posted by Pete
What are the costs of keeping/maintaining a Ferrari?
My sister's ex had a car worth $450K- I'm not actually sure whether a porsche or a Ferrari . But it broke down in country Victoria (the third time it broke up in his first four weeks of ownership). When a car like that breaks down, you don't take it to the local servo- you have to wait until a truick from Melbourne picks up the vehicle and transports it back to be fixed. A major inconvenience.
  #37  
Old 27-02-2005, 07:17 PM
Rolf Latham Rolf Latham is offline
Moderator
 
Join Date: Mar 2001
Location: Confused = Sydney, Brisbane and Gold Coast
Posts: 8,699
Rolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to beholdRolf Latham is a splendid one to behold
GW

Porsche Cars dont break down...............

ta

rolf
__________________
Structured Mortgage Broking Services
www.asapfinancial.com.au
Tel 1800 08 20 80

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
  #38  
Old 27-02-2005, 07:26 PM
Peter 14.7's Avatar
Peter 14.7 Peter 14.7 is offline
Wannabee Farmer
 
Join Date: Nov 2003
Location: Macedon Ranges, Victoria
Posts: 3,420
Peter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to beholdPeter 14.7 is a splendid one to behold
Quote:
Originally Posted by fatboy4
Some of these posts are maligning Porches! Linking Volkswagen to Porsche (while there is some shared early history) is like linking Fiat to Ferrari (doesn't Fiat own Ferrari now?) I'm not knocking Ferraris but I'd rather have a Porsche in my gargage any day- a relaible and usable supercar.

I agree with enjoying the wealth that comes with success, whatever one's interests may be (car, boat, travel, philanthropy, family...) but also agree with the "he (or she) is richest whose pleasures are simplest" credo.

Regards,

Fatboy4
Hi fatboy

Re the Porsche to VW link was it Fiat or VW that made the Porsche 924

Just ribbing ya. Would be very happy to have an early Model 911 or 356 in the garage.

Peter 147
__________________
"It is not what you earn, but what you keep"
  #39  
Old 27-02-2005, 08:57 PM
fatboy4 fatboy4 is offline
Member
 
Join Date: Jun 2004
Location: Bargara Beach, Queensland
Posts: 143
fatboy4 is on a distinguished road
Porsche

What's a 924 Pete?

Has Porsche ever made a 450k car? Even the new 911 turbo is in the 300's I think. Must have been a lambo! Was there a break up after the break down?

More room in the back of a kombi...
  #40  
Old 27-02-2005, 10:53 PM
Pete Pete is offline
Lurker
 
Join Date: Jun 2003
Location: Perth
Posts: 777
Pete will become famous soon enough
fast thread

Just came back to the thread; its moving quickly.

That Merc wagon is no slouch with a blown 5.5L motor putting out 700Nm!

I've still no idea of the owning costs for a Ferrari. But, it doesn't really matter anyway. I'm sure it would be very affordable.

__________________
Pete

2 simple rules: buy when you can & never sell.

Last edited by Pete; 28-02-2005 at 08:52 AM.
  #41  
Old 28-02-2005, 04:45 PM
fatboy4 fatboy4 is offline
Member
 
Join Date: Jun 2004
Location: Bargara Beach, Queensland
Posts: 143
fatboy4 is on a distinguished road
Cars

Should have said Peter147 in my earlier post re the 924.

Too many breers...
  #42  
Old 02-03-2005, 07:08 PM
Peter Spann's Avatar
Peter Spann Peter Spann is offline
Member
 
Join Date: Mar 2004
Location: Brisbane and Sydney
Posts: 502
Peter Spann is a glorious beacon of lightPeter Spann is a glorious beacon of lightPeter Spann is a glorious beacon of lightPeter Spann is a glorious beacon of lightPeter Spann is a glorious beacon of lightPeter Spann is a glorious beacon of light
OK - stand back

WARNING - If you do not like gratuitous bragging and showing off – do NOT read this post because I am going for it!!!

OK, if it's one thing I know, I know Ferrari's...

Establishing Credentials on Ferrari’s and cars:

I currently have an F360 Spider in my Garage… In fact there's been one in my garage since 1995 - so 10 years of continuous ownership. I’m off to the Grand Prix this weekend in the Ferrari Corporate Box in the Paddock Club as a guest of Ferrari.

I have visited the factory twice. I have the 3rd F 430 Spider into the country on order and that’s only because I was away the day they announced they were taking orders and missed the email.

I have photos of me and Michael and Rubens and Jean Todt on my wall, and have sat in (sort of – too chubby to get right in) a real F1 racing car. (Girlfriend who is considerably thinner than me got right in!).

I have driven EVERY super-car currently available for sale in Australian and I still come back to the Ferrari. I have driven Ferrari’s in the European Club Sport races, and raced a F355 for 2 years, and driven them on roads in the US and Europe.

Ferrari’s rock. They are not old man’s cars (as somebody ignorantly accused) and even if they are you’d soon become young again. And yes, believe it or not many women do love them. I have had ample incidents where I have become instantly significantly more attractive because I was standing near my Ferrari and actually took out the keys. And I have had some women date me just because of the car – don’t start – I knew what they were after and didn’t care!

The sound, the smell (Connolly Leather), and the feel of the car is unbeatable. The handling is AMAZING – just like a go cart. The clink of metal on metal as you change the gears through the famous Ferrari metal H gate… all experiences you just don’t get with other cars.

And yes, I have ordered an SL65 and yes they are awesome cars but I owned an SL55 and everybody thinks they are worth about $150,000 (when they are worth $300,000) and no doubt that won’t change with the SL65. Like all German cars it is awesomely quick, very efficient, will never get you into trouble but lacks the one thing the Italian has in droves… Soul.

And people LOVE Ferrari’s - I have owned other cars as well Porsche, BMW, MB, etc and they are often vandalized and so on, but I have never had my Ferrari as much as scratched.

Police let you off speeding fines, but never in a Porsche, parking Nazi’s at the airport let you park the car in the 2 minutes zones, people stop to let you into traffic (try that in my BMW and you’d end up with a BIG dint). Hotels will always Valet park them for free. People have their photo taken in front of them. People buy you lunch. I’ve had one situation where I used to park the car at work and come back at the end of the day and it had been washed and polished by somebody I didn’t even know (and this went on for 19 months until I finally caught him 2 weeks before we moved office to thank him).

And people who own Ferrari’s are unique too… Yes some are w@nk#rs but most are genuine enthusiasts and always have an interesting story to tell. And when you get together at social events their partners are invariably good looking and intelligent – it seems the admiration of the same qualities comes through in both car and woman.

In the US 29% of buyers are now women too. You will NEVER see me wear any promotional gear on any clothes except Ferrari at GP time. I have been to the Monaco, Monza, Indy, and Chinese F1 to follow the team and every F1 driver in the world wants to drive for them. Even when they were losing!

Ferrari is not a car it is a way of life, a way of being, a state of mind. On the good days a Ferrari is just a wonderful car to drive, on the bad days a Ferrari is just a wonderful car to own because every time I get in one I feel just a little but better about myself.

They make people smile. To the little boys and girls who wave at you to the teenagers who get down on their knees and “worship” as you drive pass to the mums in the people movers who give you a wistful smile and the guys in other cars who look and drool, yes even the girls with the long hair who’ll date you just to get a ride in one. And that doesn't happen in any other car I own. Not one. People give you the forks as you drive past in a Porsche, ignore you completely in a MB and BMW's are as common as Holden's these days, but most people smil even just a little and often bust into spontanious happines and give you a little wave when you drive past in a Ferrari – everybody loves a Ferrari.

And if you don’t then I feel sorry for you. Not only are they an awesome automotive feast, they are beautiful to look at – a genuine mobile piece or art (and MB haven’t been able to achieve that since the gull wing). You may never want to own one but it’s hard not to admire the company for their technical genius and amazing branding – most people who support Scuderia Ferrari will never get to own one in their lives and yet they still weep when Ferrari wins a GP.

To answer the original question – cost of ownership… Surprisingly little (well at least compared to what everybody thinks it is). They have a 3 year, 100,000km warranty and a 5 year warranty on the Aluminum body. They have an annual check up which costs about $750 but their first real service is at 50,000km. Insurance is cheap ($3,500 per year – my Porsche cost $6,500 and the SL55 was almost $10,000) because they are never stolen (in fact the insurance company is VERY suspicious of every theft claim because of the rarity of the event). Why? Because the immobiliser is bullet proof so no joy riding, and there is no secondary market for the parts (all numbered) and no imbecile would risk the warranty by not taking their car to a Ferrari garage to fix it, so no professional theft. Most people don’t drive them – tragedy – so they are rarely crashed but when they are it is usually a right off.

Parts are expensive and if you do prang them it’s really going to hurt, plus Ferrari don’t keep much in stock so they time off the road is exasperated by the delay time in ordering the part from Italy.

Depreciation occurs most when the models are replaced - everybody not interested in the old model any more, but stabilises then and they rarely lose their value from their. Other than that during the model life cycle they can usually be sold for only a $10K to $30K less than you paid due to the extended waiting lists for most people, and the fact that in times of good economics (like the last 10 years) demand exceeds supply. As somebody rightly pointed out they can also appreciate in value. The maximum amount I have lost on a Ferrari when I came to sell / trade was $30,000 and that was on a car with 30,000 on the clock (like 150,000 in any other car) and the dealer knew that I had pranged it (not a big bang but a bang none the less).

Contrast that to the last Range Rover which I bought for $135,000 and sold 2 years later with just 7,500kms on the clock for $60,000 and my last 911 which I paid $265,000 and sold 2 years later with 9,000 kms on the clock and sold for $190,000 and you can see how awesome those figures are. One Ferrari, my Barchetta I bought for $605,000 and sold for $670,000.

Cars to me are a part of life and life is just a little bit better with a Ferrari in it. To all those guys and gals who want one I can only encourage you to go for it – keep dreaming – it’s worth it – and more importantly learn to scoff at people who say cars are only for getting from A to B – they will never know the joy and passion they are missing out on.

OK, now to Boats…

I have owned only 3 boats…

A 42ft Beateau sailing boat – COME ON!!! We moved on from wind power almost a century ago (but to it’s credit did sell for more than I paid for it).

A 47ft Mariner (built by Riviera).

And my current boat – a 63ft Sunseeker.

Now let me say this – Riviera are NOT the BMW of boats – they are the Holden Commodore of boats – nothing wrong with that but you all need to get that straight.

For a new boat the Mariner had waaaaaaaay too many things go wrong with it.

My Sunseeker is coming up on 10 years old – I bought it second hand and spent about 30% of its purchase price doing it up and it is a beautiful boat. I describe Sunseeker (built in the UK mind you but what do they know about cars these days?) as the Aston Martin of boats.

I am thinking about buying an Azimut 68S – the Alpha Romeo of boats.

However, as much as I love boats, if you are thinking of buying one my best advice is DON’T. Everything you have heard about standing in a shower and tearing up money, the best 2 days of the boat owners life is the days he buys his boat and the day he sells his boat, etc are all true. They are a BOTTOMLESS pit, a vortex sucking all wealth into their deathly grasp. They cost a packet to run (mine chews through 250 liters of fuel an HOUR at cruising speed! ) a bomb to maintain, a packet to insure and depreciation, well they almost take out the world record on that!

Now if you REALLY want to talk about needing BIG TIME money to own something, why not let us steer the conversation towards planes… Nah, come to think of it I start to get the rash again every time it comes up.
  #43  
Old 02-03-2005, 07:35 PM
always_learning's Avatar
always_learning always_learning is offline
The Backup Plan
 
Join Date: Jan 2002
Location: Tokyo Japan
Posts: 1,109
always_learning will become famous soon enough
So Peter, if one wanted the most "cost effective" Ferrari fix in their garage, what you recommend they buy?
__________________

- Some people say that life is a cesspool of darkness and despair. Well, we in Somersoft are sailing through it on a yacht.

David Lee Roth (adapted)
  #44  
Old 02-03-2005, 07:35 PM
Pete Pete is offline
Lurker
 
Join Date: Jun 2003
Location: Perth
Posts: 777
Pete will become famous soon enough
from a fellow aficionado

Sounds like Ferraris touch your soul, Pete. You've written with a real passion. As much as any post on the forum!

Thank you very much. Very inspiring - or is that motor-vating.

Do the Spiders lack anything in rigidity, or carry extra mass? They sure look beautiful; how do they compare with the closed top coupés?

And, how many kms/year in the 360?

The costs sound very reasonable. And if you really prang it, well, so be it.

Can you share any photos?
__________________
Pete

2 simple rules: buy when you can & never sell.
  #45  
Old 02-03-2005, 09:09 PM
Sultan of Swing Sultan of Swing is offline
Real Estate Salesman
 
Join Date: Dec 2004
Location: NW Coast, Tasmania
Posts: 1,061
Sultan of Swing is just really niceSultan of Swing is just really niceSultan of Swing is just really niceSultan of Swing is just really nice
I've never really considered buying a Ferrari before, but after reading your post Peter, I have no doubt that owning one is now a necessity!!
Closed Thread

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT +10. The time now is 02:58 AM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright © 2001-2007 Somersoft Financial Services Pty Ltd

Protected by Akismet
Blog with WordPress