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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
21 October 2019, 05:46 AM
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#1 |
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"TRF" Member
Join Date: Jun 2015
Location: USA
Watch: All
Posts: 4,939
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MC12 - $500,000 in interest for 48 months
God bless this buyer for being able to do this.
$2.3 million dollar car, $2,800,000 in total payments with interest, in 48 months. https://www.motor1.com/news/377367/m...nance-details/
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Rolex 228235 DD40 Olive, 126710BLRO, 116710BLNR, 116613LB, 116500LN White, 126610LN, 116500LN Black, 126610LV, 116610LV Breitling Navitimer 01, Cartier Santos Large |
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21 October 2019, 06:45 AM
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#2 |
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"TRF" Member
Join Date: Sep 2009
Real Name: Rich
Location: CT, USA
Watch: Can't pick just 1
Posts: 315
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I don’t know...maybe find a $2M car and pay cash?? But, to each his own...
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21 October 2019, 06:52 AM
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#3 |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2008
Location: New Mexico
Watch: Tudor North Flag
Posts: 34,339
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It's only money.
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JJ Inaugural TRF $50 Watch Challenge Winner |
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21 October 2019, 07:03 AM
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#4 |
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2024 Pledge Member
Join Date: Aug 2012
Location: New York
Watch: SubC & Red;JLC RDM
Posts: 1,039
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He could have gotten a Richard Mille for that price. lol
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21 October 2019, 07:17 AM
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#5 |
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2024 Pledge Member
Join Date: Apr 2008
Real Name: Rommel
Location: Toronto Canada
Watch: 116710LN
Posts: 8,959
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That's insane but chances are if he holds onto this car long enough it won't matter. Over the years these and other similar vehicles have pretty much doubled as blue chip investments for the long-term owners. If he missed out on this one there's no telling when he'll get the chance again or for what price. Cash is king, for sure.
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21 October 2019, 12:22 PM
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#7 | |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 40,673
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Quote:
That MC12 was $670,541USD when new in 2004-5. So in 15 years, CAGR ~ 8.5% (not counting approx $500-750K of recurring servicing over those years) That does include the Great Recession of 2008. It’s likely top of mark now. Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
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21 October 2019, 04:03 PM
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#8 | |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: May 2011
Real Name: Larry
Location: San Diego, CA
Watch: ROLEX
Posts: 25,170
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Quote:
If you've got it and you want it, get it! 
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 ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.  |
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21 October 2019, 04:37 PM
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#9 |
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2024 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 36,851
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Smoke em if you got em lol
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22 October 2019, 03:19 AM
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#10 | |
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2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 19,383
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Quote:
__________________
__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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22 October 2019, 03:57 AM
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#11 |
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2024 Pledge Member
Join Date: Feb 2013
Location: swmnpoolsmovie*
Posts: 9,063
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Think I'll stick with my Jeep.
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22 October 2019, 04:03 AM
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#12 |
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Banned
Join Date: Nov 2018
Location: Florida, USA
Watch: Rolex/AP/Vin Omega
Posts: 1,972
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That's how a car loan works. A 23k car probably ends up costing 28k on a 4 year loan too.
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22 October 2019, 04:58 AM
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#13 |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Oct 2006
Location: Dallas
Posts: 1,305
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I want that blue Enzo further down the page ... wow!
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You're asking me how a watch works. For now, let’s just keep an eye on the time. |
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22 October 2019, 06:16 AM
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#14 |
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"TRF" Member
Join Date: May 2012
Location: NYC
Posts: 753
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I don't get the issue, but most supercar financing is done like this and part of the reason why there are so many supercars and hypercars showing up at your local meets now.
The theory is that you can enjoy the car for a bit with a bet on appreciation to make you whole, or even come out ahead. This works in the super high-end like a Senna or an Egg, but not so much in your run-of-the-mill production cars. I think the last "run-of-the-mill" cars this type of financing would've worked well on is something like a manual Murcielago purchased on the bottom of the depreciation curve. |
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22 October 2019, 07:00 AM
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#15 |
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Banned
Join Date: Jul 2008
Real Name: Paul
Location: San Diego
Watch: 126619LB
Posts: 21,540
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Contact the buyer and tell him I will sell him my 95 Vette for half the price!!! Hell, I’ll even throw in my 2015 Ford Fusion Hybrid!
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22 October 2019, 08:52 PM
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#16 |
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2024 Pledge Member
Join Date: Sep 2015
Location: Florida
Posts: 3,061
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Yolo
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22 October 2019, 08:56 PM
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#17 | |
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2024 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 73,516
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Quote:
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