The Cryptolambo had gone to the moon... Time for Cryptolambo 2!!!
- Thread starter kindai
- Start date
I'm sure as a community we can help @kindai stay on the straight and narrowI did this, things got out of control.
I'm sure as a community we can help @kindai stay on the straight and narrow
More like be a bad influence.
Caporegime
I did this, things got out of control.
Out of control, or awesome?
Soldato
Isn't that around where the 765LT Spider lives?
Soldato
I think I'd rather have 3 or 4 cars than one £400k car, personally. I know that's an issue for you with your home/driveway/garage situation (so perhaps remedy that first? I dunno...).
Ferrari F12, McLaren 720S Spider and then something for "life duties" - Range Rover, RS6 Avant, whatever. Could maybe squeak those into a £400k budget with some patience and buying smart.
Ferrari F12, McLaren 720S Spider and then something for "life duties" - Range Rover, RS6 Avant, whatever. Could maybe squeak those into a £400k budget with some patience and buying smart.
Man of Honour
playing devil's avocado a little, do we really think the crazy car price boom is going to level off at all in the next 6 months?
Will be purely down to supply and demand, some cars will drop, some won't change, some will keep moving upwards, the question is know how it will play out.
Man of Honour
agreed - the risk is selling a desirable car now, waiting for 6 months and ending up in a worse purchasing position than you would have been if you'd kept or bought straight away.
In a good situation where I am now, massive solar array that basically means I live for free Gas/leccy wise from the usage + feed in tariff. Plus its a nice area, low crime, well connected, middle of the country, pretty affluent area, no issues parking the car on the drive or worries about it. No need for a bigger house right now. Also have longer term plans for a self-build so no point moving at this moment.
Market is in an odd place, when Ferrari offered me a 296 GTB I instantly though I will lose 80-100k in two years on it, but taking a look at F8 Tributo pricing with the cheapest car priced at 230k, well I doubt a 296 will ever drop below the F8 in the used market, but you never actually know as the F8 is a pretty good looking car whereas the 296 is not quite as good looking. Still I think your looking at 270-300k with options, so if said car in two years can still fetch 230k plus used would really not be that bad in the grand scheme of things, now of course they might not lose any money, even make money if sales volumes are low but could also turn out to be unloved and go sub 200k, you just don't know.
All I will say is having driven both an F8 and 296, the latter is a far superior and more fun car to drive, the V6 sounds way better too inside the cabin and the power difference noticeable and the handling balance is more fun, particular at lower speeds.
But yes it is a massive unknown, from the last recession the best time to buy is actually brand new super cars as the recession hits and dealerships are doing crazy deals to shift them and as such sales volumes are low, good deals for those who do buy and as long as they are kept for several years probably lose little to nothing.
Soldato
If it were me, I'd pull the cash now while you can, given we're likely to be dropping into a pretty hard few years I'd see what stuff you can pick up cheap, as mentioned perhaps a house with a garage (heated double at least 
) could be had for less than its normal value as the market drops out of everything, or, perhaps stick it into your crypto pot as mentioned in the other thread..
) could be had for less than its normal value as the market drops out of everything, or, perhaps stick it into your crypto pot as mentioned in the other thread..I think unless you want a different type of supercar experience, there's no where for you to go (apart from an SV...) so why bother. If you fancy a change of style to something more track focused/mental quick/convertible etc. then it's worth changing. But you're at the peak of 'attention and noise' supercars.
Value wise I think the peak is way behind us already and the only way is down from here, unless they turn on the money printers again.
Value wise I think the peak is way behind us already and the only way is down from here, unless they turn on the money printers again.
Associate
Gut would be to sell and see lay of land next year. Sounds like it's not a huge financial burden and you've had fun so take time out and find something special that you'd say no to selling when someone offers 40k more.
On the verge of a major recession / collapse, I think in six months his purchasing power is going to be significantly higher as people divest their luxury items.
Are people who have the money that allows them to own these kind of luxury items going to be as affected as your average person? I don’t think so myself, but I could be very wrong.
Soldato
All of them? No. But a significant proportion of them? Absolutely.
Energy prices are starting to wipe out small businesses and it will only get worse. This is having a knock-on effect as suppliers to those businesses go bust and so on. I think we're at least on the precipice if not already in freefall and times are going to be extremely tight for a lot of people who might otherwise be insulated from things during a "normal" recession.
Soldato
Sell it and buy 2 properties. Use properties to finance next car. You’ll be laughing.
No way to say for sure but I think there will be a number on 'man maths' finance deals. We'll soon find out! No doubt there are some truly wealthy people out there who will feel no difference.