Monday, May 5, 2008

Ferrari - six month expense review

So part of my original thesis was I could buy a Ferrari and drive it for about a year without spending too much money. I was thinking about what I have spent so far. Cost of money has been about $1800, insurance about $600, gas $250. I have spent over $2100 on discretionary items. So only $2650 to have and operate the car for six months. Not bad. If I can end the year around $7,500 I think that’s ok. Sure, I have to worry about selling the car but I don’t expect to have trouble there. Currently, two people want to buy the car. Unfortunately, one is my dad another is a friend.

That said I bet I will make it through the year without spending too much on the car. Free, probably not, but close to it.

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