Classic Ferrari or buy to let?

[Scaf]

I have a buy to let with +£400k equity and the tenant has asked if I would sell it to him.

Property has been good to me giving income and capital growth as it’s in Herts and 30mins from London.

I can easily flip the cash into a other property but I am wondering if a classic Ferrari might be just as good as an investment.

Thoughts?

Ferrari 246 GT Dino

Knowl Hill Performance and Luxury

knowlhill.com

 

[allandwf]

I wouldn't. I'm sure the car market will change drastically in the next few years. The market for classic Ferraris will get smaller, I believe, as the younger generation will crave different things. Bricks and mortar will always be in demand though.

 

[midlifecrisis]

Whilst the is true... You only live once... With 400k get a few Ferraris...

 

[zagatoes30]

Property is the more sensible option but £400k in high end classics would be much more fun

 

[hunta]

300k in property and something a little less exotic with the balance?

 

[iainw]

300k in property and something a little less exotic with the balance?

That’s a good idea. Something you can actually drive! And the rent will pay for the warranty and servicing costs

 

[StuartW]

A few from this catalogue would be great fun!

https://www.sportsmaserati.com/inde...yadh-car-show-auction-22-november-2019.30028/

 

[Scaf]

Thanks guys - the money in the property is investment and not toy car money. I have never bought car as an investment before, question remains do we think you can invest in a car in the same way as property? Probably not ?

 

[hunta]

Thanks guys - the money in the property is investment and not toy car money. I have never bought car as an investment before, question remains do we think you can invest in a car in the same way as property? Probably not ?

Err... I'm going with no.

And these days I'm not sure you can invest in property in the same way as you used to either.

 

[ChrissGT]

You will only get a return when you sell the car at a moment in time the market is in your favor. Untill that moment comes, it will only cost money.

Investing in a property is almost the opposite, it will generate money untill the moment comes to sell. Which is a moment you have far more control over.

 

[Wack61]

A lot of things will be changing over the next 20 years , toys used to be investments but as the older buyers die off their collections hit the market reducing the price plus less buyers reduces it further
Old fords can't keep going up , eventually everybody that remembers them will be dead.

Classic cars of all descriptions are due to fall IMO , nice to look at but younger buyers have never driven basic cars , they've grown up with AC , good brakes, power everything and traction control

At a couple of car shows I did this year you could see how the older guys were all looking at the classics but the kids loved the S550 mustang barely showing any interest in old cars.

I do wonder how house prices are maintained, 20 years ago my neighbours were evicted from a 100k house because they couldn't afford it , that house today is 270k , 100k just about gets you on the property ladder now

 

[Scaf]

I guess I knew the answer but I really fancy a classic Ferrari and the only way I am going to own one any time soon, would be to access that equity - oh well ...........

 

[midlifecrisis]

I guess I knew the answer but I really fancy a classic Ferrari and the only way I am going to own one any time soon, would be to access that equity - oh well ...........

Go with your heart Sam. Don't let your head rule your decisions... The world would be a boring place.. And bagsy shotgun!

 

[Oneball]

I don’t think a Dino is a good bet in the current climate but I’d have this.

For Sale - Ferrari 612 Scaglietti

View full details of this vehicle to purchase from Richard Grace Cars in Chester, Cheshire

www.richardgracecars.co.uk

 

[midlifecrisis]

I don’t think a Dino is a good bet in the current climate but I’d have this.

For Sale - Ferrari 612 Scaglietti

View full details of this vehicle to purchase from Richard Grace Cars in Chester, Cheshire

www.richardgracecars.co.uk

£60k for a V12, and from Dickie. What part says no!

 

[allandwf]

I guess I knew the answer but I really fancy a classic Ferrari and the only way I am going to own one any time soon, would be to access that equity - oh well ...........

If you fancy a classic Ferrari, then do it and tick the box Just don't do it as an investment.

 

[lifes2short]

 

[rockits]

I agree with most on here. The smarter, more sensible, more reliable and more likely to increase in value is the bricks and mortar.

I think the housing market is artificially inflated and cannot increase at the rates it has done over past decades. However I see the car market has a far greater artificial inflation and is much more likely to correct and if so by more. I also see less upside.

Everyone needs somewhere to live but not everyone needs a car. This will likely only become a stronger differential over future years.

Of course the car would be more fun. How about as suggested a 300k property and £100k on a Ferrari?

Remember we aren't here forever so unless you have to do something for money sometimes you can say scr3w the money and buy the car!

As an investment for future years I'm not sure the car is the best option.....which is a crying shame of course. I am far from the cleverest, most estute, most lucky individual you have ever been lucky enough to meet though

 

[safrane]

Are you talking about investing all £400k in the car or much less?

 

[Wack61]

I read that as a 300k house and a 100k Ferrari

Unless you rent the car out your investment is a balance between potential increase in value and the possibility of an expensive bill, both of which could go either way.

Property + rent = win