Didn't used Ferraris used to be cheaper?

Twixboy · 12-04-2015, 09:15 AM

Didn't a 10 year old 360 Modena used to cost under $50k a few years ago or am I dreaming? I was just searching and even 15-year old base models are in the $70-80k range now. Looks like they will forever be out of my price range.

Delta0311 · 12-04-2015, 09:21 AM

Damn I guess I won't be doing cruise like this anytime soon..

http://488spider.ferrari.com/#en/home/video

Twixboy · 12-04-2015, 09:35 AM

It just makes me sad to think all my friends bought their exotics back in 2009-10 and they seem to be worth even more now than they were back then. I should have bought one when I had the chance, but maybe one of these days. Don't mind me ranting, I'm a borderline millennial so I want everything NOW.

KingOfJericho · 12-04-2015, 10:19 AM

Yeah 2008-2010 really saw prices on cars like this bottom out. I was shopping for an Alfa Romeo GTV and they were in the $10-14k range. Fast forward and they're now over $30k. Dream dashed.

Aatish · 12-04-2015, 11:03 AM

Supply and demand!

Red Bread · 12-04-2015, 11:13 AM

Quote:

Originally Posted by KingOfJericho

Yeah 2008-2010 really saw prices on cars like this bottom out. I was shopping for an Alfa Romeo GTV and they were in the $10-14k range. Fast forward and they're now over $30k. Dream dashed.

Ha, funny. I was shopping for GTV's and 60's 911/912's. Now they're all absurd. Lancia Fulvias and Lotus Cortinas are also ridiculous.

Craigy · 12-04-2015, 11:19 AM

Everything was cheap in 2008, 9, 10.

Also you're better off missing out on the old stuff, it was cheap for a reason.

360 might be the first one worth owning as a driver, not the kleenex build quality that existed before.

NickyC · 12-04-2015, 11:29 AM

The 1% has more wealth than they know what to do with now due to Central Bank policies around the world. There are only so many assets around to plurge the new wealth created out of thin air thanks to the banks, so this is why you see insane inflation in art, expensive homes, expensive cars, boats, etc. The other 99%? Yeah, mostly stuck in debt forever with falling median wages.

FC4 · 12-04-2015, 08:28 PM

Ferrari's 360 is like Porsche's 996.

FC4 · 12-04-2015, 08:29 PM

Quote:

Originally Posted by NickyC

The 1% has more wealth than they know what to do with now due to Central Bank policies around the world. There are only so many assets around to plurge the new wealth created out of thin air thanks to the banks, so this is why you see insane inflation in art, expensive homes, expensive cars, boats, etc. The other 99%? Yeah, mostly stuck in debt forever with falling median wages.

Oh, yeah? Did Bernie Sanders tell you that? #feelthebern

NickyC · 12-04-2015, 10:40 PM

No, it's common knowledge that median incomes in the US have fallen and are still around 7% lower than they were in 2007/2008 before the collapse. Meanwhile the rich are getting richer due to central bank policies the world over, and the inequality gap has exploded. This is precisely the reason for the insanely high inflation of high end goods the past five years, the upper 1% have more money than they know what to do with and there are only so many high tickets items they can snap up. Supply/demand.

http://www.wsj.com/articles/u-s-hous...014-1442413964

Twixboy · 12-05-2015, 03:12 PM

Quote:

Originally Posted by FC4

Ferrari's 360 is like Porsche's 996.

Can you elaborate? I've never driven a Porsche.

Nitrousbird · 12-05-2015, 05:31 PM

Quote:

Originally Posted by FC4

Ferrari's 360 is like Porsche's 996.

Not even close.

Meeni · 12-06-2015, 02:10 PM

Quote:

Originally Posted by FC4

Oh, yeah? Did Bernie Sanders tell you that? #feelthebern

No the BS about the central bank doing it is straight from WSJ.

azw131 · 12-06-2015, 02:12 PM

Quote:

Originally Posted by Twixboy

Can you elaborate? I've never driven a Porsche.

He's saying its widely hated by Ferrari owners and considered a turd. This isn't necessarily true though.

kprocivic · 12-06-2015, 03:47 PM

One day I'll own a 355. Wouldn't pay over 50k though.

Twixboy · 12-07-2015, 07:52 AM

Quote:

Originally Posted by azw131

He's saying its widely hated by Ferrari owners and considered a turd. This isn't necessarily true though.

Haha, got it. I just googled 996 and realized it was the one with the ugly headlights. It must be pretty bad when even a non-Porsche enthusiast thinks its ugly.

fcman · 12-07-2015, 11:20 AM

Quote:

Originally Posted by kprocivic

One day I'll own a 355. Wouldn't pay over 50k though.

I love the 355, my favorite semi-modern F Car, but don't think I could ever pull the trigger. They are notoriously expensive to maintain.

http://jalopnik.com/here-s-why-you-s...355-1706976075 - this may be a bit exaggerated, but I don't think I would test it out

Red Bread · 12-07-2015, 11:57 AM

Quote:

Originally Posted by kprocivic

One day I'll own a 355. Wouldn't pay over 50k though.

You'll pay over $50k, at least in maintenance, even if you get the car for free.

IEDEI · 12-07-2015, 12:16 PM

Quote:

Originally Posted by Red Bread

Ha, funny. I was shopping for GTV's and 60's 911/912's. Now they're all absurd. Lancia Fulvias and Lotus Cortinas are also ridiculous.

Fulvias aren't so absurdly priced...the HFs are expensive but the regular Fulvias are still affordable, IMO. $10-20k for a decent one and it will still have that lusty V4 exhaust note and that fantastic handling!

12-04-2015, 09:15 AM	#1
Twixboy Captain 134 Rep 904 Posts Drives: '04 Z4 3.0i 6spd Join Date: Mar 2015 Location: MA iTrader: (2)	Didn't used Ferraris used to be cheaper? Didn't a 10 year old 360 Modena used to cost under $50k a few years ago or am I dreaming? I was just searching and even 15-year old base models are in the $70-80k range now. Looks like they will forever be out of my price range.
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12-04-2015, 09:21 AM	#2
Delta0311 Banned 7488 Rep 10,119 Posts Drives: 2011 BMW 335xi E92 2016 228xi Join Date: Apr 2009 Location: NJ iTrader: (1)	Damn I guess I won't be doing cruise like this anytime soon.. http://488spider.ferrari.com/#en/home/video
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12-04-2015, 09:35 AM	#3
Twixboy Captain 134 Rep 904 Posts Drives: '04 Z4 3.0i 6spd Join Date: Mar 2015 Location: MA iTrader: (2)	It just makes me sad to think all my friends bought their exotics back in 2009-10 and they seem to be worth even more now than they were back then. I should have bought one when I had the chance, but maybe one of these days. Don't mind me ranting, I'm a borderline millennial so I want everything NOW.
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12-04-2015, 10:19 AM	#4
KingOfJericho Major General 2458 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	Yeah 2008-2010 really saw prices on cars like this bottom out. I was shopping for an Alfa Romeo GTV and they were in the $10-14k range. Fast forward and they're now over $30k. Dream dashed. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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12-04-2015, 11:03 AM	#5
Aatish Lofty 3476 Rep 849 Posts Drives: i4 M50, 991.2 C2, RRS Diesel Join Date: Dec 2013 Location: ORD <> ATX iTrader: (0)	Supply and demand!
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12-04-2015, 11:19 AM	#7
Craigy Sporty Puristic 6 47 Rep 384 Posts Drives: '09 M3 Join Date: Jun 2013 Location: Louisiana iTrader: (0)	Everything was cheap in 2008, 9, 10. Also you're better off missing out on the old stuff, it was cheap for a reason. 360 might be the first one worth owning as a driver, not the kleenex build quality that existed before.
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12-04-2015, 11:29 AM	#8
NickyC Lieutenant General 19452 Rep 11,269 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	The 1% has more wealth than they know what to do with now due to Central Bank policies around the world. There are only so many assets around to plurge the new wealth created out of thin air thanks to the banks, so this is why you see insane inflation in art, expensive homes, expensive cars, boats, etc. The other 99%? Yeah, mostly stuck in debt forever with falling median wages.
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12-04-2015, 08:28 PM	#9
FC4 Brigadier General 3204 Rep 3,663 Posts Drives: Yes Join Date: May 2014 Location: US iTrader: (0)	Ferrari's 360 is like Porsche's 996.
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12-04-2015, 10:40 PM	#11
NickyC Lieutenant General 19452 Rep 11,269 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	No, it's common knowledge that median incomes in the US have fallen and are still around 7% lower than they were in 2007/2008 before the collapse. Meanwhile the rich are getting richer due to central bank policies the world over, and the inequality gap has exploded. This is precisely the reason for the insanely high inflation of high end goods the past five years, the upper 1% have more money than they know what to do with and there are only so many high tickets items they can snap up. Supply/demand. http://www.wsj.com/articles/u-s-hous...014-1442413964
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12-06-2015, 03:47 PM	#16
kprocivic Lieutenant Colonel 816 Rep 1,575 Posts Drives: ecoboost s to the t Join Date: Apr 2014 Location: 92346 iTrader: (7)	One day I'll own a 355. Wouldn't pay over 50k though. __________________ 2.0l ecosmackkaa
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