I feel like I've heard that before...
To add, I don't know of any Geo Metro owners claiming that it's "just as good" as a Ferrari.
Those owners are likely looking at the two in a different context. Looking at practicality, the Geo would make a better daily driver than the Ferrari. And the money difference would pay for a lot of gas. As a weekend car, the context from which the owners are looking, the Ferrari is better than the Geo.