Folks have numerous Porsches, Maseratis and whatnot at my work (I work with politicans). One guy even had a Ferrari, that is, until he totaled it and nearly killed himself.
There's a weird little subculture of people who own and trade Ferrari's and the like and firmly believe that it's cheaper than owning a 'regular' car because they tend to depreciate much less in value. Many years ago there was a poster here who talked in glowing terms of the Ferrari's he had owned. IIR, the last one he bought for ~$80,000, kept for ~3 years and then sold for about $73,000. In his/her mind it was a great strategy b/c the cost was really $7k/3 years (or 36 months) = $195/mo.... less than the monthly payment on a Jetta but hey, you got to drive a Ferarri!
...it was then ruthlessly pointed out to the poster that his calculations ignored opportunity cost and considerable storage, maintenance and insurance costs.
point is, it's shocking how many well educated (even finance guys) buy into the marketing myth about expensive cars being a great deal because blah blah blah depreciation... It's just self-delusion.
The other bizarre aspect of owning an exotic is that some brands, like Ferrari, are valued based on their ownership history. Original owner car, with very, very low miles, original tool kit, sales documentation, brochure from dealer, extremely detailed and correct maintenance records, etc.... equals a very high pedigree, and corresponding value. Same car with:
1. Normal daily driver mileage
2. Three previous owners
3. Documented work NOT done at a Ferrari dealer, or highly regarded expert's shop? Everything from having a flat replaced at a chain repair shop, to DIY maintenance.
4. No verifiable service records for some of the massively expensive scheduled maintenance, which can hit high four figures, or more, and include engine removal?
well, THAT car is worth a hell of a lot less. A lot of this category isn't vehicles, it's art on wheels, and treated as such by owners and investors. And you are correct, the example you stated, of $195/month is an owner without a clue.