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Inheritance money to be spent on a Ferrari?

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Old Sep 25, 2008 | 05:58 PM
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Default Inheritance money to be spent on a Ferrari?

I might spend some of my inheritance on a Ferrari 355.

It will take a rather large chunk out of it but I have always wanted a Ferrari as a kid. I hired out a 348ts when I was 25..... fantastic car and an x girlfriend of mine used to have a 328.

A few of my mates say to put my money into property but im happy in my 3 bed house..... its not the biggest or fantasic inside but I like it and working in the building trade, well, I deal with houses all day everyday!

Any opions....should I, maybe's, should I not??

Here is a link of one I like........

http://pistonheads.com/sales/722832.htm
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Old Sep 25, 2008 | 06:01 PM
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go for it, its only money
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Old Sep 25, 2008 | 06:04 PM
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you'd be better off looking for a 360 pal, the 348/355 servicing is a right arse ache, engine out job for basic servicing.....

360's are similar money now.....
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Old Sep 25, 2008 | 06:05 PM
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if its only some of the money i would go for it now you wont get the money again
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Old Sep 25, 2008 | 06:06 PM
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for the money I would go for a 360 every time. Much newer car, cheaper to run by a lot. Do it, with a "cash" buy you will get a stonking deal if you push your luck, not a lot selling at the moment.
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Old Sep 25, 2008 | 06:06 PM
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erm no mate.

Yeah kid's i used to have a big pile of cash but i spent it on a car lmfao

But then again with share's and shit that's bollocks too.

Fuck it buy a car and spend the rest on class a
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Old Sep 25, 2008 | 06:10 PM
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Fuck buying a stupid car - put it into bricks and mortar. OK, the market is a bit unstable at the moment but when it settles prices only rise and thats your pension fund. Cars only go down.

Last place to put your money is in a silly car. Plenty of time for that later in life.
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Old Sep 25, 2008 | 06:10 PM
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Don't get a 360 if you really want a f355
and if you buy private get a Ppi done

ask anything u wanna know here
http://www.clubscuderia.co.uk


Me and AJ are there also
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Old Sep 25, 2008 | 06:12 PM
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You only live once and as long as it's properly insured etc then what's the worst that could happen? So it may cost you a few k during ownership.. who cares! If you can do it, go for it. I wanted a 348 when I sold my 1st house but never did it, always kick myself for not doing it when I had the chance.
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Old Sep 25, 2008 | 06:13 PM
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i'd get the 360 if i was spending Ł50k! can get a good one for that now!

even just if its to stop people with the bloody mr2 comment
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Old Sep 25, 2008 | 06:14 PM
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how much did you get??
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Old Sep 25, 2008 | 06:16 PM
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Get some sort of F car, couldn't tell you which as I know fuck all about them!

Can't see you losing much on an F car, or am I wrong?
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Old Sep 25, 2008 | 06:20 PM
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964 911 turbo 2 limited edition light weight
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Old Sep 25, 2008 | 06:24 PM
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How much are you getting? If its like half of the total I def wouldn't, but if you still have enough left to buy another house for investment I would. Now or at least soon is time to buy with houses!
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Old Sep 25, 2008 | 06:24 PM
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Porsches are boring, get the real deal!
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Old Sep 25, 2008 | 06:26 PM
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911 turbo will do 100,000 miles, used as a every day car, goes like fook, and will hold its money, the ferrari will do most of them, bar the 100,000 miles and used as a everyday car
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Old Sep 25, 2008 | 07:01 PM
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Originally Posted by Chris Honeywell
Don't get a 360 if you really want a f355
and if you buy private get a Ppi done

ask anything u wanna know here
http://www.clubscuderia.co.uk


Me and AJ are there also

Thanks chap

I see you have a 348....... gorgeous cars!

I hired one out from a company called Bespokes some years ago. I had it from the friday till the monday. The drive was just fantastic.
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Old Sep 25, 2008 | 07:03 PM
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Originally Posted by BigJim19
you'd be better off looking for a 360 pal, the 348/355 servicing is a right arse ache, engine out job for basic servicing.....

360's are similar money now.....


the engine comes out on the 360 aswell! nightmare!
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Old Sep 25, 2008 | 07:03 PM
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That is porn
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Old Sep 25, 2008 | 07:08 PM
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Go for it mate
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Old Sep 25, 2008 | 07:09 PM
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Would your relative who left you the dosh really have wanted you spending it on a ferrari??? I know My grandad wouldn't...he'd want it paying off mortgages and going into high interest accounts for university fees etc...

Although a smart escos would sit nice in the garage

Dan
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Old Sep 25, 2008 | 07:13 PM
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Paul go for it mate
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Old Sep 25, 2008 | 07:17 PM
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Originally Posted by SillyFezzaMk1
Would your relative who left you the dosh really have wanted you spending it on a ferrari??? I know My grandad wouldn't...he'd want it paying off mortgages and going into high interest accounts for university fees etc...

Although a smart escos would sit nice in the garage

Dan

Got no mortgage mate!

As for Uni..... Im 34 and in the building trade earning very good money in a job I love (Scaffholder) and with my previous recored no half decent employer would take me on no matter how many degree's
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Old Sep 25, 2008 | 07:22 PM
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Ha Ha listen all the moral high grounders spouting shite,Im fuckin sure you`s would all spend 50-100k on a house in this current housing climate!! Are you`s all property experts? can you see what the future holds for propertys? Can you fuck!why would you risk frittering it away in the property market? Its only money mate,its an absolute no brainer for me that like,buy the ferrari and pay whatever else you have of your current mortgage,my one worry in life is looking back at when I had the chance to do summit major and bottled it,do it,i mean its not as if the prices of them are in free fall is it.
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Old Sep 25, 2008 | 07:22 PM
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spend Ł3k hiring one for a month to get itout of your system

then keep the money doing something it shoudl be doing, pay the mortgage off or buy a shitty house to do up now the prices are tumbling and rent it out, when the prices go back up again you'll be able to afford a proper rari

then again, it's your money now, we can only offer advice on who's pocket it goes into
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Old Sep 25, 2008 | 07:37 PM
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I have no mortgage. Paid for my house a few years ago......got it stupidly cheap due to the work it needed.
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Old Sep 25, 2008 | 07:39 PM
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they say youth is wasted on the young,well cash for ferraris are wasted on the old! i say go for it mate,even if you only keep it a few years and lose 20k on it at least when your old you can say you had a ferrari!
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Old Sep 25, 2008 | 07:49 PM
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Originally Posted by dovboy
at least when your old you can say you had a ferrari!


I like!!
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Old Sep 25, 2008 | 07:50 PM
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Go for it mate, you wont regret it, if its the 355 your going for get used to the mr2 comments, also not the best of sellers and defo not the quickest but very cool imo.
Must have all the paper work in tact, i.e servicing, history etc.

P.S mines still forsale
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Old Sep 25, 2008 | 07:55 PM
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Originally Posted by Mr Brannen
Ha Ha listen all the moral high grounders spouting shite,Im fuckin sure you`s would all spend 50-100k on a house in this current housing climate!! Are you`s all property experts? can you see what the future holds for propertys? Can you fuck!why would you risk frittering it away in the property market? Its only money mate,its an absolute no brainer for me that like,buy the ferrari and pay whatever else you have of your current mortgage,my one worry in life is looking back at when I had the chance to do summit major and bottled it,do it,i mean its not as if the prices of them are in free fall is it.
Keep the quality advice coming, we can all learn a lot from your sound knowledge of current investment opportunities.
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Old Sep 25, 2008 | 07:58 PM
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View it like this mate, you aren't spending 50k, you are simply storing it in a car rather than a bank or house.

BUY ONE, haggle hard, get it as cheap as possible, ensure you have done your homework on them (ie don't buy one due a service!!)

Then have fun, look after it and in a year or so when you have had enought, sell it, you wont lose to much on it and you will have done it.

Then you can do something a little more sensible.

A bit scary, but remember, your not giving it away, you can always sell it
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Old Sep 25, 2008 | 07:59 PM
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Originally Posted by godzilla
Got no mortgage mate!

As for Uni..... Im 34 and in the building trade earning very good money in a job I love (Scaffholder) and with my previous recored no half decent employer would take me on no matter how many degree's

I meant uni fees for your kids or future kids

Think about another house/house project or something to make money from that can put you on a different track in life....

Then buy a ferrari with your profits in a year or so!

Dan
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Old Sep 25, 2008 | 08:00 PM
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I would have to make some cheeky investments in rental properties while the market is down in the next year, then your new tenants can pay for your Ferraris as your properties pay for themselves over and over. But get the Ferrari after more bargain property
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Old Sep 25, 2008 | 08:02 PM
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Go for it mate , only live once !!!































ID go for the audi rs4 tho
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Old Sep 25, 2008 | 08:17 PM
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Originally Posted by SillyFezzaMk1
I meant uni fees for your kids or future kids

Think about another house/house project or something to make money from that can put you on a different track in life....

Then buy a ferrari with your profits in a year or so!

Dan

Profits from what? the housing market is still on the slide. havent you been watching the news,are you a home owner? did u have your house valued 18 months ago? i bet its 20k cheaper now
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Old Sep 25, 2008 | 08:29 PM
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I'll say again....how much inheritence did you get?
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Old Sep 25, 2008 | 08:41 PM
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Go for it mate


Brian
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Old Sep 25, 2008 | 08:42 PM
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how about get another property,to rent out.then when the cash is flowing in buy an f car!
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Old Sep 25, 2008 | 08:50 PM
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Why is everyone telling him to invest/save it??

He said in his first post hes only spending SOME of the money on a ferrari!!

If you want to buy one, buy one. Where talking about 50k here and hes got some left over he can save for the kids or what ever!!

Worst case in a few years he can sell it and still get a good lump sum of hard cash for the kids or whatever.

Sure if you had major debts then get your priorities right but this isnt the case.

fuck it you only live once might as well enjoy it.
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Old Sep 25, 2008 | 08:58 PM
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buy the absolute best ya can, if the rest of ur life is stable then fuck it go for it, id sooner have a tvr though lol
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