Would you buy a used Ferrari, why and why not?

chobit

If you were able to save up enough to buy a slightly used Exotic say ($120,000 of saving), would you buy a Ferrari?  Why and why not?  And what alternative would you take if not Ferrari??

A decent Ferrari 360 is now going for $90K
While lamborghini gallardo is around the same
Probably slightly less for a R8

It seems crack headers/manifolds is huge with F355 to early production F430.
I don't know much about Gallardo or R8, but was told it's alot less money to maintain a Lambo than a F car, and the R8 is even cheaper.

chobit

hehe.. thanks..!  I kind of feel like one should own a Ferrari once in a life time, but then I hate the fact that those F-Car can be so unreliable....!  The one thing I like is the fact that you can see the engine through the glass..
R8 has that, but not if it's a cab, same with Lambo, the cab doesn't have the see through glass, but yes for the Ferrari.
And no, I am not going to get one anytime soon...haha

chobit

It really isn't as bad here in the US.
First. Housing cost is alot less than Vancouver.
Say, my house here bought brand new in 2005 is worth $300K, the same house is probably at least 800K in Vancouver.  Which essentially means I am saving $500K in mortgage payment or investment opportunity.
A used 360 at $90,000, 12 months warranty.  Then you can probably sell it for $80K the following year.  The total lost is $10K+maintenace & insurance which is going to be limited unless you daily drive the car.
The bad things is I hear people that can take it to the shop and repairs can takes weeks if not a month because parts are usually not stock locally...!  So, that kind of suck.. if I get a car that can be driven..!  Or in some cases, people find it risky to take it for any sort of long drive.. say drive from Seattle > Vancouver .... can abit risky...!  That's not fun IMHO.
I do like the F430 better, but it's pretty expensive.. than again... I can't afford anything with 2 small kids anyway. =(

chobit

Was up this morning for E@RTC again.