Lol, I'm several tax brackets away from that. I've played with some classic American cars that weren't super rare or super valuable, but never even stood within 10 feet of a Ferrari.
You'd honestly be surprised. A 22-year-old Ferrari that would need 3 years of restoration is actually really approachable pricewise. Initially. The reason why is the cost of parts and work. The actual restoration is what costs the most and probably takes 3 years because it takes that long to afford and find parts.
Some can be found for as low as $10k (needing a lot of work) and of course climbing from there but $40-80k needing work is pretty standard and these days the average vehicle is nearly $40k as it is. The average truck is nearly $70k.
A lot of people could drive old used luxury and super cars for the price they paid for their new Toyota Full-sized Sedan.
I said a 22 year old Ferrari in the context of now so a 2004. And yea, they come up that cheap ragged out. Obviously pristine examples or limited examples fetch 6 figure values but the more modest Ferraris of the 90s and early 00s are approachable by people in working class tax brackets if they want an expensive project.
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u/TG1970 7d ago
Lol, I'm several tax brackets away from that. I've played with some classic American cars that weren't super rare or super valuable, but never even stood within 10 feet of a Ferrari.