Quote:
Originally Posted by gsjohnson
I'm even willing to pull the motor myself and pull off a major with a timing belt and a clutch replacement. I'd perform a nut and bolt resto on the engine and bay area while I was at it. It certainly is a lot larger project than I'm use to, but I have performed numerous rotisserie restorations on Shelbys, Boss 302s, Torinos, etc. I'm just older & slower now, so the 512 may take me 2 or 3 months to get thru it. I can handle a small short term decline on the 512 in terms of its value trend, but I don't want to suffer a major decline in value. Thus, the reason for this thread.
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AH! Now you didn't explain that you were willing to do the work on the car. That can make a big difference with F-cars (not as big w/ P-cars). I agree with your point that it is a GOOD TIME to buy a Ferrari. A 512TR the position of being the last of the classic era (if will) mid engine V12's and I think that will bode well for the future, BUT the styling (in my opinion) has not aged well so that can cost a bit on the desireability side.
With the current market conditions probably spending the $100k on a TR is a better investment than a mutual fund...
Been watching my 401k TANK the last month or so! NICE! NOT!
I too have a patient and long suffering wife who puts up with me and my crazy hobbies! It is good to find one of those!
Now you just have to find the right car. As long as you expect to just get your money out of it in 5-10 years I think you will be close and you won't be unhappy about having owned a good TR/512. If you happen to catch the F-car market up (which does happen from time to time) you could even make a few bucks, if you do some resto work on the car and the market is down, you will probably loose very little.
Best,
James
