Fun with Depreciation

All modern Ferraris depreciate. Even Ferrari Enzos have come down in price. Particularly hard hit over the past dozen years or so have been the 12 cylinder cars, starting with the 456 and 550 Maranello in the mid 90s. Sometimes these cars could lose half their value in three or four years. Not as bad as, say, some of the six-figure British cruisers, but it’s unarguably real money.

An online acquaintance of mine owns a Ferrari 599 GTB Fiorano, the latest 12 cylinder two-seater in the Ferrari line-up that has a $280,000 base MSRP. He’s put about 1,200 miles on it and isn’t the type to be washing and waxing it religiously every Sunday. He recently shared:

When it’s quiet in the garage, I can hear it depreciating.

I woke my kids up laughing at that one!

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