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Posted
4 Lamborghini's?! Man, I could not be more jealous.

 

If that makes you jealous, then how about this?

Detailing.jpg.cc26368cd27ad56a359b04579878c4a1.jpg

Not too shabby, eh?

 

A friend of mine details this collection.

 

Even I'm a bit jealous now.

Posted

I might be the only person who isn't overly impressed by Lambo's and Ferrari's. I have very little love for Lamborghini, and all Ferrari's are the same to me

 

I guess I just prefer non-super sports cars

Posted

^ Add me to your list. I have never been a big fan of the exotic sports cars. Sure, it'd be fun to take one out and open it up, but actually owning one? Nope.

 

Eric

Posted

I have never been asked what color my car is by my insurance company, and as far as I know, that information isn't available from the VIN. I think that's just a load of crap, a Ferrari is going to draw attention whether red, blue, black, silver or lime green.

 

And don't get me wrong, I would love to own one (well, a Ferrari at least), but they wouldn't be my first choice and I certainly wouldn't buy multiples. They still have strong magnets

Posted

^^^ & ^^^^

I guess I'm drawn to all the super sports cars from an engineering standpoint more then anything else. I am that much of a nerd that I can appreciate everything they can do on a mechanical scale. Sure they're flashy and a little (or a lot in the case of the Lamborghini's) ostentatious, but what they can do is incredible.

 

Kevin "Proud Nerd" M.

Posted
Especially a red one, knowing that insurance companies have a hard time insuring cars that are painted red.

 

If you're able to buy an exotic red supercar, I doubt the call to Geico would cause any stress.

 

 

 

 

Even though I love most of the supercars out there, and I admire those huge private collections, my favorite Ferrari is still the 1979 308GTS. You can currently find a good one for under 50k. That's all I'd need in my garage.

Posted

I would much rather get a cheap car (mustang or Jeep) and mod it and make the Mustang a 7 second street car and the Jeep an off road monster. I can't see spending 1/4 of a million on a new car. I would be worried about parking it in parking lots and getting it scratched.

 

Either those two or buy a one ton Dodge truck with a Cummins and mod it to the max and make it super fast like they have at the Schied Diesel show they have here in my town (7 second trucks on the 1/8th mile) and have ti capable off road also.

Posted

^ That's the whole thing which is so hard for many of us to wrap our brains around. The men who own these garage queens drop $250K like we buy new air filters. Scratches, insurance rates, etc., mean nothing to them. Heck, we're talking about cars that need $10-20K brake changes.

 

This level of wealth has few boundaries. I used to work for guys who owned $25 million yachts, and used them two weekends a year! When you can drop $25 million into something you never use, then price tags are fairly meaningless. It's simply crazy.

 

If anything, I think these guys have it all wrong. With cars like these, driving around town would be more frustrating than anything. I'd rather buy 'em and keep 'em at a place like this, where they can be used correctly.

 

 

 

Joe, is it rosso corsa ("Ferrari Red")?

Posted

I would imagine scratches would drive some of them beserk, but they are still able to have them removed easily. Its like looking at the gas economy of sports cars, do you really care if you only get 16mpg when you can have that performance? When tires and brakes and other upkeep costs are already so high?

 

Correct me if I'm wrong but aren't yachts MUCH better investments than cars? As Shelby says get your cars out of the garage and enjoy them as intended - on the road!

 

Nope, it was black on black with tan trim. Not exactly mattino rosso awesome (I know a little italian )

Posted

^Yachts can be, but like private planes they are ABSURDLY expensive to use and maintain. Exactly the reason many yacht owners sell their yachts shortly after buying them. Cars can be a good investment if you keep them long enough for them to become classics (if they ever achieve this status that is).

Posted

The main difference (investment-wise) with owning exotic supercars and yachts is that the supercars are more likely to appreciate in value over time. Realistically, there's not many car companies out there churning out $1 million+ supercars. On the flip side, there are countless yacht builders producing similar creations of equal quality to each other.

 

A billionaire can walk up to any number of yacht builders and request a brand new yacht, built to specs, at just about any length imaginable (I think they've finally gone beyond 500' now). The same guy has very few choices, if any, of car companies that can do the same thing.

 

Those cars that do get built like that are pretty much instant classics, and with the rest of the "supercar" field being relatively small in numbers, usually the depreciation at that level isn't as great, I would think.

 

In other words, most billionaires aren't searching the used yacht market when they can just buy a new one to look exactly like they want. I guess, in reality, besides certain older Feadships, etc., there's not many parallels between the classic car and classic yacht markets.

 

jmicha is correct. I can't even begin to tell you how many new yacht owners (granted, these aren't the megayacht owners I speak of) are blindsided by the yearly maintenance costs. What so many brokers hide from them is the fact that, by rule of thumb, you should expect to pay at least 10% of the sticker price each year.

 

Even some of the larger ones (anything over 60' is generally gonna require a full time captain) don't realize what they're getting into. Dockage, fuel, electricity at marinas, general cleaning, detailing, hull maintenance, minor engine repairs and servicing, taxes, etc. etc. etc......these all creep up on most owners.

 

Personally, while I LOVED being on them, and working on and around them, I swore I'd never own anything I couldn't captain myself. They're just too big a headache, and a poor investment.

Posted
Especially a red one, knowing that insurance companies have a hard time insuring cars that are painted red.

 

As some one in insurance, I can tell you this is an urban legend. It's the type of car, not the color.

Posted

^ As far as insurance goes, I've never been asked about the color of any of my cars. However, regarding law enforcement, red and yellow are the most visible colors.

 

Eric

  • 2 weeks later...
Posted

I drive a 1998 Mercury Mystique (used to be my mom's car), but gets me from A to B and is very reliable, so I'm in no hurry to get a new one.

 

One car I really like is the Top Secret Supra.

 

Posted

Well, I got promoted January 4th. One perk is that I get a company car. With my allotted monthly amount, I picked up a 2010 Nissan Altima 2.5S. Definitely a huge upgrade for me.

Posted

I always said if I win the lottery, I was going to buy a Ferrari 355. But the more I think about the kind of maintenance costs owning one entails, and how they aren't daily drivers, I think I'd skip it.

 

For a lot less $$$, I could buy a new loaded Lexus IS as my daily driver and a 1st Generation Mitsubishi 3000GT (which has always been my dream car) which would be my "toy".

 

Currently, I have an 02 Accord and an 02 325i. Both are fantastic cars, though when I have to take the BMW in for service/maintanance, I always take the vaseline because I know they're never gentle...

Posted

^ Staying away from a Ferrari = smart. Yeah, they're cool and all, but you are better off with stuff from across the Pacific.

 

<--- Owner of a 2002 Honda CR-V that runs like new.

 

Eric

Posted
I always said if I win the lottery, I was going to buy a Ferrari 355. But the more I think about the kind of maintenance costs owning one entails, and how they aren't daily drivers, I think I'd skip it.

If you won the lottery, anything could be a daily driver, and upkeep shouldn't matter either

 

 

Yeah, they're cool and all, but you are better off with stuff from across the Pacific.

Not if you want a car with a soul.

 

Look, I'm all for efficiency, reliability and safety, but sometimes I just want to grip a car by its balls and drive it. I want to hear it (I'm looking at you, hybrids). I want it to be responsive. I want it to be fun.

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