On 13/04/2012 10:24 AM, Stephen wrote:
> On 13/04/2012 8:55 AM, Invisible wrote:
>> That's still quite a bit less than the £800,000 I was expecting to pay
>> for the most basic entry-level Ferrari.
>
> Go on treat yourself
>
> http://www.compucars.co.uk/used-cars/ferrari/?o=cheap

That's still more money than I make in a year. Actually, more than I 
make in *two* years... Presumably the insurance is twice as much again.

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On 13/04/2012 11:16 AM, Invisible wrote:
> That's still more money than I make in a year. Actually, more than I
> make in *two* years...

Here we go, just the thing for you, then.
http://www.toysrus.co.uk/Toys-R-Us/Bikes-and-Rideons/Battery-Powered/Famosa-6V-Ferrari-430-Car%280068745%29

> Presumably the insurance is twice as much again.

Is that another one of your guesses?

-- 
Regards
     Stephen

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On 13/04/2012 11:37 AM, Stephen wrote:
> On 13/04/2012 11:16 AM, Invisible wrote:
>> That's still more money than I make in a year. Actually, more than I
>> make in *two* years...
>
> Here we go, just the thing for you, then.
>
http://www.toysrus.co.uk/Toys-R-Us/Bikes-and-Rideons/Battery-Powered/Famosa-6V-Ferrari-430-Car%280068745%29

I love how that's a cheap lump of plastic, yet it's /still/ really 
expensive. ;-)

>> Presumably the insurance is twice as much again.
>
> Is that another one of your guesses?

Hell, it costs half a months' wages to insure my *current* car, and 
that's not even valuable...

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>> Is that another one of your guesses?
>
> Hell, it costs half a months' wages to insure my *current* car, and
> that's not even valuable...

I knew someone who had a new Ferrari, his insurance was £1200 a year. 
There again it probably depends on age and how many accidents you've had 
recently.

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On 13/04/2012 01:04 PM, scott wrote:
>>> Is that another one of your guesses?
>>
>> Hell, it costs half a months' wages to insure my *current* car, and
>> that's not even valuable...
>
> I knew someone who had a new Ferrari, his insurance was £1200 a year.

That's more than I make in a month, yeah.

> There again it probably depends on age and how many accidents you've had
> recently.

I'm guessing it might depend on which Ferrari and how old that is too?

What I do know is this: Last year, a lorry driver wandered into the side 
of my car. This year my insurance premium doubled. Protected no claims 
bonus? Yeah, it's *clearly* worth it. :-P

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> That's more than I make in a month, yeah.

But under 1% of the value of the car - I wish my insurance was only 1% 
of the value of my car :-)

> I'm guessing it might depend on which Ferrari and how old that is too?

To a lesser extent, yes.

> What I do know is this: Last year, a lorry driver wandered into the side
> of my car. This year my insurance premium doubled. Protected no claims
> bonus? Yeah, it's *clearly* worth it. :-P

If it was his fault, surely you didn't need to claim on your policy (so 
protected no claims would make no difference).  Protected no claims 
doesn't mean your premium won't go up if they think you are higher risk.

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On 13/04/2012 03:00 PM, scott wrote:
>> That's more than I make in a month, yeah.
>
> But under 1% of the value of the car

Well, true... ;-)

By the way, don't you love it when you buy something, and people want 
you to "insure" it for "only" £££ per week? Like, I bought this crystal 
sculpture for £100. They asked me about insurance. The price? A one-time 
payment of £90. You know what? I declined. :-P

>> What I do know is this: Last year, a lorry driver wandered into the side
>> of my car. This year my insurance premium doubled. Protected no claims
>> bonus? Yeah, it's *clearly* worth it. :-P
>
> If it was his fault, surely you didn't need to claim on your policy

I thought the idea what that you notify your insurer, and they talk to 
the other guy's insurer? At any rate, the guy didn't speak English, and 
last I heard they were unable to locate him from the extensive details I 
passed on.

> Protected no claims
> doesn't mean your premium won't go up if they think you are higher risk.

No, that's /exactly/ what it's supposed to mean. It means "if I make a 
claim, I won't lose my discount". Yet clearly, my premium has gone sky 
high...

Take heart though. Santander quoted me £1,700 for the same cover. (!!) I 
wasn't paying /that/ much before I passed my frigging driving test. :-P

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> By the way, don't you love it when you buy something, and people want
> you to "insure" it for "only" £££ per week? Like, I bought this crystal
> sculpture for £100. They asked me about insurance. The price? A one-time
> payment of £90. You know what? I declined. :-P

It doesn't take a genius to figure out that these companies must be 
making money from such schemes, ie they get a lot more money than they 
ever have to pay out.  Over your lifetime you'll be much better off 
financially if you always refuse such offers.

The only time you should take insurance is when you wouldn't be able to 
afford to pay if it got lost/broken.  ie you should insure your house 
because you likely couldn't afford to rebuild it if it burnt down, and 
you should insure yourself whilst driving because if you crash into 10 
other cars and/or seriously injure someone you probably couldn't afford 
to pay for the damage you caused.

> I thought the idea what that you notify your insurer, and they talk to
> the other guy's insurer?

Exactly, and then if everyone agrees it wasn't your fault, you claim for 
the costs to repair your car against the other party's insurance policy. 
  They lose their no-claim bonus, you don't.

 > At any rate, the guy didn't speak English, and
> last I heard they were unable to locate him from the extensive details I
> passed on.

Oh, so it's not resolved yet then?  How come your premium went up?

>> Protected no claims
>> doesn't mean your premium won't go up if they think you are higher risk.
>
> No, that's /exactly/ what it's supposed to mean. It means "if I make a
> claim, I won't lose my discount". Yet clearly, my premium has gone sky
> high...

LOL, as you found out protected no-claims means just that, it does not 
mean protected-against-any-premium-increases.  Refer back to the first 
paragraph in this post...

> Take heart though. Santander quoted me £1,700 for the same cover. (!!) I
> wasn't paying /that/ much before I passed my frigging driving test. :-P

You always get ridiculous quotes from companies that aren't interested. 
  Last time round I think I got quotes ranging from £600 up to £3000+ 
when I used confused.com.

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Stephen <mcavoys_at@aoldotcom> wrote:
> http://www.compucars.co.uk/used-cars/ferrari/?o=cheap

  I prefer this:

http://en.wikipedia.org/wiki/File:LamborghiniAventadorJ.jpg

-- 
                                                          - Warp

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On Fri, 13 Apr 2012 08:55:19 +0100, Invisible wrote:

>>> Hmm. That still seems awfully low for the most expensive brand of car
>>> in the entire world...
>>
>> Faulty assumption there as well.
>>
>> Off the top of my head: Lamborghini, Bugatti, and McLaren are all
>> likely candidates to be more expensive than a Ferrari.
> 
> Is Lamborghini still going? 

Yes.  Top Gear reviewed their new Aventador this last series.

> And for that matter, I didn't know that
> Bugatti or McLaren actually /make/ road cars.

Bugatti is owned by Volkswagen, and the Veyron is a road car (one of the 
fastest in the world).

And again, Top Gear reviewed a road car from McLaren this last series.  I 
quite liked it, in fact. :)

>> The Mercedes Benz CLR McLaren will set you back about $450K.
> 
> That's still quite a bit less than the £800,000 I was expecting to pay
> for the most basic entry-level Ferrari. I was expecting a top-end one to
> be several million, if not tens of millions.

You *really* need to research more before making bold statements like 
this.  A "basic entry-level Ferrari" will set you back maybe $100K-$150K.

Jim

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