Residuals.....
Discussion
We have previously many times discussed residuals, but now we are in uncharted territory. Two things have changed dramatically. 1. The factory has closed. 2, Businesses are going to the wall.
The first point may improve residuals if purchasers cannot buy new cars. But I doubt if this will have much effect; who wants to buy a second hand car at present. In theory one cannot even see it, let alone drive it.
The second is more important. If a small business starts to fail, the owner, or indeed the highly paid employee who loses his job, may well seek to raise funds by selling his toy. Thus the price of second hand Ferraris may tumble.
Additionally, I'm undecided if that last point will pertain to older Ferraris, as they are kept by enthusiasts and often are worth less, especially in a declining market. I refer to 355/360/430. Owners may hang on for the storm to pass.
Am I right?
The first point may improve residuals if purchasers cannot buy new cars. But I doubt if this will have much effect; who wants to buy a second hand car at present. In theory one cannot even see it, let alone drive it.
The second is more important. If a small business starts to fail, the owner, or indeed the highly paid employee who loses his job, may well seek to raise funds by selling his toy. Thus the price of second hand Ferraris may tumble.
Additionally, I'm undecided if that last point will pertain to older Ferraris, as they are kept by enthusiasts and often are worth less, especially in a declining market. I refer to 355/360/430. Owners may hang on for the storm to pass.
Am I right?
PrancingHorses said:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Lets stay with those for now. https://www.pistonheads.com/gassing/topic.asp?h=0&...
Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff