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AUTOS: Buyers Lining Up For LaFerrari
More than 1,000 people have approached Ferrari with purchase requests, despite the $1 million-plus price tag and limited production.
Bob Golfen  |  Posted March 08, 2013   Modena (ITA)
The hybrid-powered Ferrari LaFerrari has a starring role at the Geneva Motor Show. (Photo: Motor Authority)
Ferrari has confirmed its new LaFerrari flagship supercar has already racked up more than a thousand requests, despite an asking price being well over a million dollars (the final figure is yet to be announced).

Unfortunately, Ferrari has chosen to limit production to just 499 examples, which means there will be a lot of disappointed millionaires out there.

This means anyone lucky enough to have secured a build slot can look forward to their cars appreciating in value before they have even been built.

Twice as many potential buyers have stepped forward as there are cars in the planned production run. (Photo: Motor Authority)
Ferrari’s flagship supercars typically hold their value over time, and in many cases they rise dramatically as car fans and investors bid up their prices.

Recently in the Financial Times, a number of assets were analyzed to see which gave the best growth over the past 10 years. The best performing assets turned out to be gold and classic cars of significant importance, with the latter offering a return of 395 percent.

With attributes such as this, it’s little surprise that Ferrari’s “special-series” cars are regularly sold out before they’re even announced. Although just having the money to buy one is no guarantee that you’ll be offered the opportunity.

Ferrari invites only its most loyal customers to place an order. Getting on this list is no easy task as it usually means having already bought several of Ferrari’s cars, and importantly, still owning some of them.

For the budding collectors, cars with global appeal and documented histories generally do well, especially if they are built in limited quantities. LaFerrari meets the criteria in most regards.

Code named the F150, the LaFerrari made its debut Tuesday at the 2013 Geneva Motor Show. It is powered by a hybrid drivetrain that pairs a V12 engine with Ferrari’s own HY-KERS hybrid setup designed to boost output and lower emissions.

Peak output is 950 horsepower and “more-than” 660 pound-feet of torque, which will ensure the car reaches 60 mph in under three seconds, 186 mph in 15 seconds and a top speed above 217 mph.

This story originally appeared at Motor Authority.
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