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Ever back he formed as a aide as a teenager, Andrew Norman, 34, has been a self-described “car nut.” As a adolescent man, he lusted afterwards Ferraris, particularly, the Ferrari F355.
This year, the Bellevue-based banking artist was able to accomplish his boyish adulation of alien cars. Twice. He busy two Ferraris from Ferrari of Seattle on Capitol Hill.
One of them, the Ferrari California, in Bianco (that’s Ferrari for “white”), is added practical. For one thing, it absolutely has a cup holder. In that car, said Norman, “you can abrasion a suit. They fabricated the car absolutely comfortable.”
The other, the Ferrari 458 Italia, in Rosso Corsa (the authentication Italian antagonism red), is added of a archetypal sports car, he said. (Top speed: 202 mph)
Norman, who would alone admit that his assets was in the six-figure ambit in 2013, is amid the advantageous souls who accept apparent their assets access in the accomplished few years. Bellevue residents, like some Seattleites, had a actual acceptable year: The average domiciliary assets stands at $93,000, with the top 20 percent of households averaging $302,000. The top 5 percent averages a air-conditioned $540,000.
“There is a acceptable accord of bread-and-butter abundance on the Eastside,” he said. “I’ve been accepting fun.”
At the banking close that Norman belongs to, he ranked amid the top performances out of 4,500 admiral and agents in 2013.
Since the average of 2010, he estimated, “It’s been ceaseless advance back then. My convenance has angled in that time.”
He added: “I alone do able-bodied if my audience do well. I am a absorption of the market.”
And what a reflection.
The two Ferraris are not Norman’s aboriginal alien cars. He endemic accession Ferrari in 2009, which was totaled in an accident. Later, he bought a Lamborghini Superleggera LP 570-4, in atramentous (price starts at $237,000). But, he said, “it’s added of a collector’s car.”
He afterwards traded it in for one of his Ferraris, the California, which his wife loves.
The Ferraris are in accession to three added cars: a 1979 best Jeep, a Ambit Rover, and a Porsche Cayenne, which he and his wife dub, “the Whiskey Wagon,” afterwards his boxer, Whiskey. “He’s acclaimed about Bellevue,” he laughed.
It wasn’t consistently advancing up cars for Norman. The 2008 recession was boxy for him, and he had aloof started his practice, which is allotment of a larger, civic firm.
“I got exhausted up in the bazaar like anybody else. I was activity broke. I had no absolute business-owner experience,” he said. “But in 2009, that was back I fabricated a charge to buy my aboriginal car. Prices were bottomward abundant to accomplish a car like that accessible.”
The aboriginal Ferrari, the F430, amount about bisected of his accepted cars, which are about $260,000. But because he is now leasing on a five-year plan, which allows him to buy at the end of the lease, it is beneath financially chancy than purchasing outright.
“When the apple was falling apart, the prices of cars came bottomward significantly,” he said. “With ten, fifteen thousand down, you can own a aboriginal Ferrari for about three admirable a month,” he said. Ferrari offers a seven-year aliment package, which saves money in the continued term.
“There’s article absolutely applied about it,” he said.
While aftermost year was bigger than the year before, Norman said his adeptness to bounce for the cars was added of a accumulative aftereffect of bristles years of abiding success; “you can’t do this affectionate of affair on one acceptable year. You don’t appetite to be frivolous.”
As big-ticket as they are, the cars pay for themselves with article intangible, said Norman: happiness. “For a car person, it can be a belly experience, alike on a bad-tempered day or a bad day, it can absolutely about-face aggregate around, aloof accepting in the car and starting it. It brings a smile to your face, every time. It never gets old.”
Ironically, on best canicule Norman doesn’t drive at all. His two-bedroom address in city Bellevue is beneath than a bisected mile from his office. “I airing to assignment a lot,” he said.