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Message |
robert biscan (Tn_ferrari_bob)
New member
Username: Tn_ferrari_bob
Post Number: 39
Registered: 1-2003
| | Posted on Friday, October 10, 2003 - 8:32 am: | |
If you want a spider get one from some different. Save the extra 20k or borrow more and get the car you want. I will also wager 5k that its a bullshit deal with them. Why would they not make the profit on the spider if the car was clean with no stories ? The market is still there for a high price. Maybe they just like you. I don't think they need to dump a pristine 360 spider. |
Martin - Cavallino Motors (Miami348ts)
Senior Member
Username: Miami348ts
Post Number: 6370
Registered: 5-2001
| | Posted on Friday, October 10, 2003 - 6:37 am: | |
This si worthless without true prices.
What you may think is a good deal from a dealer may in fact be a bad deal in the first place putting the 360 also out of perspective or at market price.
The 01 Spider should run at about $200,000 asking. Rememebr we had guys here selling their 01 Spiders months ago for $205K.
The Coupe should be at just a few bucks above Invoice. There is no real premium paid for Coupes right now.
In the resale market the Coupe will lose potentialy more than the Spider. YOu are paying over invoice (so do you on the Spider) and the prices are coming DOWN.
just my 2c.
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Kds (Kds)
Member
Username: Kds
Post Number: 283
Registered: 5-2003
| | Posted on Thursday, October 09, 2003 - 8:25 am: | |
Michael...
I should have read the thread a little better, you are right.....I missed the spider/coupe thing...but if the two cars were relatively the same, for 5-6% more, I'd still buy from a franchised dealer.
Having said that, for the record, I no longer work for a franchised dealer, but a private company now. |
Carstore of Glenside (Carstore)
New member
Username: Carstore
Post Number: 10
Registered: 9-2003
| | Posted on Wednesday, October 08, 2003 - 7:33 pm: | |
I agree with Kaz. I am Pennsylvania dealer selling a car in Florida to a guy in California. (Read that again)The California buyer wanted Shelton to do the PPI. I found Gerod to be very honest and willing to work with all parties concerned.
I don't know much about exotics4less but see if you can find them on eBay. Their feedback should tell you what they are all about.
Tom
CarStore of Glenside
www.carstoreofglenside.com |
Frank K Lipinski (Kaz)
Member
Username: Kaz
Post Number: 372
Registered: 11-2002
| | Posted on Wednesday, October 08, 2003 - 4:13 am: | |
JUN -
There have been some less than favorable experiences here with them. When I was looking for my car I dealt with them but the service was poor and ended up buying from a dealer in CA.
Anyway, 2 things. If your serious about the car and want to pursue it, do the following:
Tell them you want a PPI and that you will arrange it. Call Shelton, who is only a few miles away from them, at 954-493-5211. The service manager is Gerod McShane, he knows me, in fact I saw him yesterday. Schedule the PPI with him and tell him to bill you on a credit card. DO NOT give Exotic any money or credit card info. Shelton can even handle the tow.
If you want, I'll go look at the car to give you a visual inspection report as to the overall condition.
I've been preparing my car for a concours the last few days and away from the computer. Send me a PM and when I get it I'll reply with my cell # and we can coordinate further.
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Ben Cannon (Artherd)
Intermediate Member
Username: Artherd
Post Number: 1040
Registered: 6-2002
| | Posted on Wednesday, October 08, 2003 - 2:21 am: | |
RUN, you're letting the lure of the deal get to you allright! $5grand says this 01 spider is a rebuilt wreck and you won't find out untill the next major service, and you'll find there's little you can do about it.
If you really want a spider, get one from someone else!
WHY SETTLE on your dream car?! (and, why bother saving $10-20k on a $200k purchase?) Splurge a little on your piece of mind and pure enjoyment of a toy. You'll be glad you did.
Best!
Ben.
PS: Jun, enjoy whatever 360 you do get, they're fablous cars! |
Amir (Amir)
Junior Member
Username: Amir
Post Number: 198
Registered: 2-2003
| | Posted on Wednesday, October 08, 2003 - 1:42 am: | |
You are letting the lure of a fantastic deal get to you. Dealers are in business to make money. Why would they give you a fantastic deal? Especially this dealer?
$13k is not worth the hassle/doubt/potential heartache. You think they could have changed that much? The more you invest in this deal (time, money, effort), the harder it will be for you to walk away.
Once you are in their showroom, they will have a bag of tricks for you. You might be aware of 2 out of the 40 they will pull. Clearly they want your business. But don't think it's because they want to do you a favor.
You say you are getting a good price. That should be good enough. Besides, you are getting a car that's 2 years younger. Surely that's worth a little premium? The rest, well, as long as you haven't paid, you hold the bargaining power. Don't let them tell you otherwise. So whittle away and you might end up paying just a few thousand more. Ask for a free service, some other non-cash stuff, a car cover, luggage, whatever. Even if you don't get it all, you will still be ahead. Hours on a plane to Florida to deal with slimeballs? Who's gonna pay to get the car to you? What if it's damaged while being delivered to you (happens a lot)? And you know how unhelpful Florida law is to you, the customer. I see from your profile that you are in Ca. How keen are you on hassles with a dealer across the country?
Don't go to Florida. If the money means a lot, skip a vacation and you're even. |
Michael W. (Whimike)
Junior Member
Username: Whimike
Post Number: 71
Registered: 7-2003
| | Posted on Wednesday, October 08, 2003 - 12:05 am: | |
"For $13K difference on a $200K transaction don't even think about anybody other than the authorized dealer. Doesn't matter what make you are buying."
I don't understand this logic. You mean, if a very reputable exotic car dealer had an identical used car as an authorized dealer, I should pay $13k more to the authorized just because he is authorized? If both came with same factory remaining warranty and everything was absolutely identical? I would be willing to pay a reasonable premium to the authorized dealer for the benefit of priority placement on future waiting lists of Ferrari's, but $13k? Just as a point of reference, I bought my used 360 at an authorized Ferrari dealer.
Furthermore, in the context of this thread the statement made is not valid, as we are talking 2 different models. |
Kds (Kds)
Member
Username: Kds
Post Number: 275
Registered: 5-2003
| | Posted on Tuesday, October 07, 2003 - 10:35 pm: | |
For $13K difference on a $200K transaction don't even think about anybody other than the authorized dealer. Doesn't matter what make you are buying. |
Kevin Marcus (Rumordude)
Junior Member
Username: Rumordude
Post Number: 203
Registered: 9-2001
| | Posted on Tuesday, October 07, 2003 - 9:55 pm: | |
a wise man once told me, "you never want great deals, just good ones", and that certainly would apply to ferrari's. I'd also agree with the warranty comment. Not so much because of "Fear of something bad happening", but rather it will help maintain your car value. Typically there is a nice drop in car value (15% or more) when the warranty ends. Keep in mind the v8's have 3 year unlimited while the v12's are only 2 years.
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Jun Roxas (Jun)
New member
Username: Jun
Post Number: 20
Registered: 9-2003
| | Posted on Tuesday, October 07, 2003 - 9:47 pm: | |
Kevin, thanks for the "be patient" advise. It reminded me to not let the lure of an undermarket price make me forget due diligence. |
Adam (Fasttalk)
Member
Username: Fasttalk
Post Number: 299
Registered: 8-2002
| | Posted on Tuesday, October 07, 2003 - 9:46 pm: | |
Buy the 03, I think the factory warranty is worth the difference.
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Jun Roxas (Jun)
New member
Username: Jun
Post Number: 19
Registered: 9-2003
| | Posted on Tuesday, October 07, 2003 - 9:44 pm: | |
There is only $13,000 difference between the 03 coupe and the 01 Spider. |
David Wood (Dwood1969)
New member
Username: Dwood1969
Post Number: 15
Registered: 9-2003
| | Posted on Tuesday, October 07, 2003 - 9:38 pm: | |
If Exotics4less are willing to bend over backwards to get your business without requiring a deposit then I do not see what you have to lose by pursuing this car with them. You should be able to have a full dealer PPI done with in a day or so. If they balk at any of your requests - or cannot provide you with appropriate documentation - then you walk and go back to the authorized dealer. Due to their reputation, I would hold them to a higher standard and if you feel that they are giving you the run around at any point then I would drop them immediately.
I guess my point is that you don't want to end up buying a car at the authorized dealer and then thinking "What if the car at Exotics4less really was as good as they said?". You should know really quickly whether Exotics4less have miraculously turned over a new leaf and are for real or whether they are still playing their "games".
While I agree that it would hurt to give money to a business that has obviously operated under dubious ethical practices, I am not sure if I am a big enough man to let that stand between me and the car of my dreams...
Just my $0.02.... |
Mark (Study)
Member
Username: Study
Post Number: 919
Registered: 10-2001
| | Posted on Tuesday, October 07, 2003 - 9:25 pm: | |
Two things could be happening with Exotic4less.
1)
They ripped people off and made a lot of money to build a showroom, and stock inventory, and now have become a real car dealer. Now that they rasied(stold) enough capital to be a car dealer...they have stopped being rip-off guys because they now have something to lose.
Its not easy getting started, these guys did it, and maybe that's all that mattered to them.
Or...
2)
They are still a rotten apple and they are still up to their old games. They know that everytime they post a really low price... a certain percentage of smart/rich people instantly turn stuipd. It is soooooooo easy to get exotic car guys to jump all over your ad in AutoWeek buy just dropping the price way below the market.
I think it could be case #1
But do you want to reward a car dealer that got their by hurting people from this chat site? |
Kevin Prickett (Ima2nr)
New member
Username: Ima2nr
Post Number: 13
Registered: 9-2003
| | Posted on Tuesday, October 07, 2003 - 9:25 pm: | |
I suggest a prepurchase inspection from the local Ferrari dealer... I recently had a deposit on a 355 in New York and the sales person kept telling me the car was 'perfect' to every question I had. so I spent 500.00 for the inspection and the thing needed 12k of work! I walked away from that deal and bought another car out of texas. FOHouston did all the maint on the car and was glad to assist the owner (a private seller) in providing me with ALL the service history. The car has been wonderfull and I've put over 4k miles on it in less than 3 weeks. Good luck and be patient. |
Tyson Hall (Trhall)
Member
Username: Trhall
Post Number: 434
Registered: 6-2003
| | Posted on Tuesday, October 07, 2003 - 9:19 pm: | |
How great is the price? |
Jun Roxas (Jun)
New member
Username: Jun
Post Number: 18
Registered: 9-2003
| | Posted on Tuesday, October 07, 2003 - 8:52 pm: | |
O.K. Here is my problem. I started the thread "Does anyone know Exotic4less?" http://www.ferrarichat.com/discus/messages/21/322358.html?1065450609. I was looking at purchasing a 360 coupe from them. After the incredible response from the thread and some poorly answered questions from "Exotics4less" I walked away from the deal.
I struck up a deal for another coupe with an authorized dealer. I was about to close the deal when a 2001 Spider came up from Exotics4less that is at a great price. They have continued to deal with me without a deposit and will fax me the complete history on the car along with a VIN number and CARFAX history. I even warned the sales person that my cousin works for the Justice Dept. and they wouldn't want to mislead me on this deal. They said the car will be at their dealership tomorrow and it is no problem having someone check it out or I could fly down and see it.
Now I don't know if I'm excited about the potential of a great buy or just being stupid (specially after reading all of the posts) but it seems that all of the ducks are in a row.
Do I stay with the 03' Coupe from the Authorized Dealer (at a good price) or do I get the 01' Spider from the Broker at a GREAT price?
Am I letting the lure of an outrageous deal cloud my judgement? All comments are appreciated.!!! Thanks!
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