I was facing this "dilemma" 7 months ago and we all know what I chose

.
I was very surprised to see so far 9 out of 10 people have chosen the 550 - that definitely is not a reflection of the market.
The main question, for me, is: what do you use your Ferrari for. For the kind of trip I've described in FLQ7, I'd much prefer the 550. For a regular blat around the countryside, or for bird-pulling potential, the 360 is the better car.
As for looks, to me the 550 looks quite a bit better than the 360, so I'm in opposite camps to Andy there.
I didn't think the market had lost it's head a year ago, when I thought prices would stabilise. 8 cylinder cars have a 'younger' image, the 550 is a bit more 'CEO of multi-national' in its association. This makes the 8 cylinder cars appeal to more people, particularly the crowd that can afford "only" 1 used Ferrari. Hence the higher 2nd residuals for V8s, and the sinkhole style depreciation of the V12s. But the V12s are also a lot rarer, more practical for daily use and quicker in some ways so I thought for the 360 and 550 to sit on an even keel would be a nice equilibrium.
But since I bought my car, prices have fallen again, and quite quickly. For me, that was a surprise and although the recession will have something to do with that and there's all sorts of valid reasons, it just doesn't seem right to me to see a 550 change hands for $80k or less.
So my two choices now seem to be: either earn a LOT more money so we don't mind losing some on an upgrade, or keep the 550 until it appreciates. I like both options a lot!
Onno
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