I find it difficult to believe that a Ferrari would consume 100x on all of fuel, fines, insurance and licensing costs.
But I would rather consider your choice of car beyond basic requirements as consumption, much like food. I'm sure one wouldn't consider fine cuisine a good investment either under these circumstances, but that doesn't justify living off ramen your whole life.
True, but I bet the servicing costs are terrifying. I once saw an ad for a used Ferrari that featured the words "engine-out service". That can't be cheap.
But I would rather consider your choice of car beyond basic requirements as consumption, much like food. I'm sure one wouldn't consider fine cuisine a good investment either under these circumstances, but that doesn't justify living off ramen your whole life.