Gojirra99

I doubt there is any significant % of people(if at all) making $48K per year will get a $72K car leased or financed. The same for $125K annual income buying $150K cars . . .

Affordability should not be measured by ability to make the monthly payments, but whether you over-extended yourself & spend too much of your income on a car.

I can easily afford a Maybach 62 if I can live in it too

It's actually not that bad with the reclining airline seats at the back for sleeping, & I can always use the public washrooms & shower.

Threxx

My wife and I have two cars in the low 30k range and make about 4 times that in taxable income a year. We don't feel over-extended in the least.

tzu911

And the best part is this car is putting down close to 700hp after the engine software, custom intakes, and exhaust, so imagine how good a bone stock one must be.


D2, your job is so frigging fun....

rai

It depends, thats one story, can't say all Ferrari are the same, also things like curb rash and new tubi exhaust should not be included in the discussion.. Say I have a Lexus and I scrape the curb and need new wheels does that mean anything about the cost of ownership?

Also please note the depreciation of this car was not even talked about, the first owner took a bath on selling it for (?) what was it $90K after 5 and a half years. That's $135K for 55 months, not counting tax and interest or loss of income on the money. If we figure in at least another $30K for tax and interest (loss of income on $200K for 5 years) == thats ~ $165K for 55 months can't remember the miles but lets say it was 30K miles thats $5.50 for each mile not including gas, insurance, and tires and repairs.

Now I have read where people have bought Ferrari cars and sold them at a profit or at the same price, this car was sold for the same price after a couple of years. So the depreciation is not so much.

I asked a similar question on Ferrarichat and they had an example of somebody that bought an older Ferrari (a V12 from the 70s) and it had to be caught up on maintance, and it was like $30K just to get everything serviced.