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Bruce Wellington (Bws88tr)
Advanced Member
Username: Bws88tr

Post Number: 3041
Registered: 4-2002
Posted on Monday, September 29, 2003 - 7:04 am:   

MORRIE

AS I CAN APPRECIATE YOUR STATEMENT ABOUT ALGAR, I DEALT WITH ONE SALESMAN ABOUT 2 YRS AGO, AND WAS UN-PROFESSIONAL TO ME AS THEY COME..

HE RUSHED ME OFF THE PHONE EVERYTIME AS WELL AS IT TOOK ME 3 CALLS TO GET A RETURN CALL BACK FROM HIM..NEVER AGAIN

AS FOR THE OWNER( NO NAMES MENTIONED) YOU HAVE GOT TO ME KIDDING "PROFESSIONAL" HE IS IN HIS OWN FREAKING WORLD...AND TALKS HIS OWN FREAKING LANGUAGE...HES GONE

THE SERVICE DEPT IS HEADED BY MARK CEDRONE, TRULY AN EXCELLENT MAN, WHO KNOWS HIS STUFF.....

FOR SERVICE AT ALGAR..YES, MOST DEFINETLY....BUT THE SALESMAN I DEALT WITH ( HES STILL THERE,) AND THE OWNER...FORGET IT... MY .02 CENTS

REGARDS,
BRUCE
Morrie Richfield (Carnut)
Junior Member
Username: Carnut

Post Number: 73
Registered: 11-2002
Posted on Monday, September 29, 2003 - 6:56 am:   

I just want to add my two cents here, as some of you here might know me, at least a few do. I have purchased 43 different cars over the past three years (including 3 from Algar), and I can can tell you this much, out of all the dealers I have worked with none have been as professional as the people at Algar, from the owner down to the guy you details the cars. They have kept every promise they made to me (I can not say that about any other dealer including dealers I've bought 8 or nine cars from), they have treated me with respect, and I in turn have learned to respect the way they do their business, and would not even think of buying a Ferrari or Marerati anywhere else.

As you the talk of an inside job, insurance claim or whatever you might want to call it, I was on the phone with them the day this happened, believe me they wanted this car back more than anything, and the way this was done it could have happened to anyone, whoever did this was good, very good.

Those of you who know these people as well as I do know that none of them would ever be involved in any kind of slam.
TOM BUCKLEY (Tom_b)
Junior Member
Username: Tom_b

Post Number: 94
Registered: 6-2003
Posted on Monday, September 29, 2003 - 4:29 am:   

A sure cure for this type of theft. The dealer puts a neck brace loaded with explosives around the customer's neck. Like what happened to that pizza delivery guy. If he's not back in 30 minutes, remote detonation. KABLAMO !!!!!!! :-)
MarkPDX (Markpdx)
Member
Username: Markpdx

Post Number: 825
Registered: 4-2003
Posted on Monday, September 29, 2003 - 1:11 am:   

Coming soon!

The Adventures of Carbon McCoy: Operation F50

1 down, 348 to go
Upload
Wayne Ausbrooks (Lwausbrooks)
Moderator
Username: Lwausbrooks

Post Number: 2609
Registered: 8-2002
Posted on Monday, September 29, 2003 - 1:05 am:   


quote:

In any event, can *someone* please post the serial number of this car so we can all be on the lookout?



ZFFTG46AXS0103494
Mike B (Srt_mike)
Member
Username: Srt_mike

Post Number: 347
Registered: 12-2002
Posted on Sunday, September 28, 2003 - 11:16 pm:   

Erik,

As for "what does a dealer have to lose", besides the depreciation on the car, and the floorplan that was already mentioned, there is the lower chance a car can command a high price when sale time comes.

Consider - the F50 came out, I believe, in 1995. The car may have been purchased 3 years ago for $650k before the Enzo was even a pipe dream. The Enzo comes out, and are available for less than $1mm, and of course there is the psychological part of paying more for an F50 than one would pay for an Enzo that stickers for $695k, I believe. So the F50 has just become harder to sell. If $650k was paid for the car, and was kept on hand for 3 years, the dealer could be "into" the car for $750k easily, if not a lot more.

At that point, owning the car is a money losing proposition. Even if it's sold for the asking price, it becomes an exercise of containing losses rather than even breaking even.

If the car is stolen, the dealer gets paid by the insurance co, and whoever stole the car can probably sell it for $300-400k if not more. Bottom line the $750k car that was sitting around not selling just pulled in $1.1MM.

Not saying that's what happened, but there sure are a lot of strange parts to this story. then again we probably only know 20% of what really happened so who are we to judge.
Kevin Marcus (Rumordude)
Junior Member
Username: Rumordude

Post Number: 200
Registered: 9-2001
Posted on Sunday, September 28, 2003 - 10:06 pm:   

no, it's not me.

Upload

but it's representative of what the crooks should be up against. :-)
Ben Cannon (Artherd)
Member
Username: Artherd

Post Number: 968
Registered: 6-2002
Posted on Sunday, September 28, 2003 - 10:06 pm:   

I have to say this stinks to me. Too many 'oopsies' from an outside 3rd party's viewpoint. In any event, can *someone* please post the serial number of this car so we can all be on the lookout:?


PS: it is ONLY slandar if we knowingly and damagingly pass off false information as FACTUAL.

Best!
Ben.
David W Burnett Jr (Dbdreams)
Junior Member
Username: Dbdreams

Post Number: 87
Registered: 3-2003
Posted on Sunday, September 28, 2003 - 8:28 pm:   

Chris,

I think your memory serves you well. That is the story I heard/read. Thanks for refreshing my memory. Does anyone know what happened in Long Island?
Chris Horner (Cmhorner17)
Member
Username: Cmhorner17

Post Number: 316
Registered: 4-2002
Posted on Sunday, September 28, 2003 - 8:16 pm:   

David, if my feeble memory serves, the one in NC was Foreign Cars Italia. Someone came in, wanted to drive a 328, did so with a salesperson, came back, and asked to take it out one more time by himself to see what it was like with only one person in it. Guess what happened from there?
Chris Horner (Cmhorner17)
Member
Username: Cmhorner17

Post Number: 315
Registered: 4-2002
Posted on Sunday, September 28, 2003 - 8:11 pm:   

Erik, yeah that's basically it. Kinda makes you want to start your own little used Ferrari dealer doesn't it? With only one car :-) I don't have hard numbers, but I know floorplan is rather expensive - and obviously the more expensive the car the worse it gets. And the longer it sits around etc etc etc.... It can get painful rather quickly.
David W Burnett Jr (Dbdreams)
Junior Member
Username: Dbdreams

Post Number: 86
Registered: 3-2003
Posted on Sunday, September 28, 2003 - 7:48 pm:   

Someone mentioned this was the 3rd recently stolen Ferrari with two others one in North Carolina and the other in Long Island. I seem to remember a similar story about a 328 being stolen but can someone give the short story on the other two cases?
Erik (Teenferrarifan)
Member
Username: Teenferrarifan

Post Number: 334
Registered: 2-2003
Posted on Sunday, September 28, 2003 - 7:26 pm:   

Oh I understand now Chris. So, if a dealer is driving a car that is under his floorplan all he has to pay is the interest and the depriciation of the car to drive. That's all it costs a dealer to drive a car off the lot everyday?
Erik
Chris Horner (Cmhorner17)
Member
Username: Cmhorner17

Post Number: 313
Registered: 4-2002
Posted on Sunday, September 28, 2003 - 7:22 pm:   

Erik, generally a dealership does not own their inventory - the bank does. A dealership basically pays interest on a loan for the price of the cars. It's called "floorplan" in dealer terms. And I'm sure a car like that is very expensive to let sit around. But at the same time, that is taken into account when they take the car as a trade in and figure out what price tag to slap on it when selling it.
Erik (Teenferrarifan)
Member
Username: Teenferrarifan

Post Number: 333
Registered: 2-2003
Posted on Sunday, September 28, 2003 - 7:03 pm:   

Let's think about this for a second. What does the dealer have to lose by letting the car sit? It has been sitting there since May so what is the big deal about letting it sit there longer. An F50 buyer doesn't come along that often. I remember an F40 there about 1 and a half years ago that stayed their for months. Does the dealership lose anything from having this sit? I don't know. Anyone.
Erik
Chris Horner (Cmhorner17)
Member
Username: Cmhorner17

Post Number: 310
Registered: 4-2002
Posted on Sunday, September 28, 2003 - 4:44 pm:   

Aside from all that, it's an F50!! I have to believe in my heart of hearts that if someone is in the fortunate position to be able to drop major money on a limited production special edition Ferrari, they already have their mind made up to do so - sans test drive. And if a test drive is required (like has been mentioned in the Test Drive thread) it is done ONLY after the deal is 99.9% done. Other more readily available models I could understand wanting a test drive because the selection is larger and is sometimes being compared with something else (say Modena vs 911 Turbo). Really, it's not like someone goes looking at an F50 to see whether or not they like it, or not go in there already knowing what the car is and what it's capabilities are. I don't want to bash Algar, they've already had a bad week. But come one, letting an unknown client with no ID out on a test drive with the most expensive car on the lot??? I would feel more sympathetic had the car been stolen out of the garage one night. When I worked at in a dealership you couldn't even test drive ANYTHING without ID - and we're talking about run of the mill, everyday cars here - not super exotics.
Mike B (Srt_mike)
Member
Username: Srt_mike

Post Number: 346
Registered: 12-2002
Posted on Sunday, September 28, 2003 - 4:15 pm:   

This is sounding more and more strange and suspicious by the post! The car had 300 miles on it and was listed at an asking price of $750k, and the owner "wasn't too eager" to sell because it drew people in?

Something is strange about this situation. Why in the world would they let ANYONE drive a $750k car with 300 miles on it? Hell, even if Bill Gates walked in you think they would request a refundable deposit secured in escrow or something as a condition of driving the car.

The fact that no license was shown, and the guy claimed to have his limo waiting next door and was allowed to drive a $750k car is just mind boggling to me. I don't care if the guy was wearing solid gold underwear, I wouldn't let ANY perception of wealth cause me to let the car get driven, let alone in a situation whereby the guy can just drive off like that.

There's definitely something fishy here.
Modified348ts (Modman)
Member
Username: Modman

Post Number: 736
Registered: 11-2001
Posted on Sunday, September 28, 2003 - 3:21 pm:   

The theft could have been prevented if the salesperson had been cautious. If the sales guy and potential buyer is in the car and the buyer asks for a test drive, the salesperson should have taken the key out after stopping, sit in the passenger and wait till the driver seats in properly and then hand the keys over. The salesperson took the sucker bait, I've heard of this situation at least once before and even in some movie. I'd put an anti hijack system to take care of that where the car would slowly loose power for the car to be driven off the road compared to an instant power off where it is illegal to have one installed.
Alex Lee (Alxlee)
Junior Member
Username: Alxlee

Post Number: 222
Registered: 4-2002
Posted on Saturday, September 27, 2003 - 6:04 pm:   

James, you're right, they have always been quite friendly to me when I've dropped by. Frances is always willing to take a second to talk if he is not overly busy.

DL, IIRC, this car had around 3,000 miles on it.
James Angle (Jimangle)
Junior Member
Username: Jimangle

Post Number: 92
Registered: 9-2002
Posted on Saturday, September 27, 2003 - 2:19 pm:   

Jeff,
Have you ever been to Algar? It's a pretty friendly atmosphere there. I've never had a problem with attitude when I've visited there, and I'm usually wearing only jeans and a tee-shirt. I've had a few conversations with the service department, and everyone seems to be straight forward.
DL (Darth550)
Member
Username: Darth550

Post Number: 368
Registered: 7-2003
Posted on Saturday, September 27, 2003 - 12:50 pm:   

Greg,
If that is the same car that I think it is, it has only 300 miles on it(plus the now imfamous test drive)! It was sitting in a window (from new) on Beverly Dr....right next to an F40 with the same miles!! Algar bought them both from the owner (who incidently gets the VERY FIRST of every allocated new car to FBH).

DL
Greg G (Greg_g)
Junior Member
Username: Greg_g

Post Number: 69
Registered: 7-2003
Posted on Saturday, September 27, 2003 - 12:40 pm:   

How come nobody is discussing the $750,000 asking price of this car? I thought the current market was bringing $400-500K tops for these cars. I understand that Algar can ask whatever they want, but what gives?
Norm (32storm)
Junior Member
Username: 32storm

Post Number: 53
Registered: 5-2003
Posted on Saturday, September 27, 2003 - 11:57 am:   

Wow, nice way to get a return on your insurance premiums. When it's time for renewal, i would be curious how that'll factor into the renewal price. Let's see, only one claim....but....

Probably end up in the "Bogata or Leningrad Auto Trader"....new arrival, just off the boat, rare F-50, low miles....
jeff ryerson (Atheyg)
Member
Username: Atheyg

Post Number: 496
Registered: 8-2002
Posted on Saturday, September 27, 2003 - 11:44 am:   

We are only stating the obvious from the facts, the story just seems a little unbelieveable, I have been in many Ferrari dealerships where I considered myself a credible customer, nice clothes expensive watch etc. and they all seem very nervous and apprehensive if you even approach the expensive cars ($300,000+) let alone sit in them and ask to start them up, so some guy is going to waltz in with a good story and no ID and they let him go for a ride that will add miles,risk damage both mechanically and physically to such a expensive car with no deposit or background check?

We are just sizing up a dealers version of the story the same way we are sized up when we walk in, if the facts are different than what was published in the paper or ALgar has a different version lets hear it.
larrybard (Larrybard)
New member
Username: Larrybard

Post Number: 22
Registered: 6-2003
Posted on Saturday, September 27, 2003 - 11:07 am:   

Les,

I agree. I know at least some of the people at Algar (especially in the service department -- which I realize has nothing to do with this incident). I have my car serviced at Algar, and while waiting for the less time-consuming servicing often walk around looking at the cars and talking to some of the people there. I think many of the comments posted so far reflect 20-20 hindsight, in light of the result. But I wonder how many of the commentators have any experience with the sorts of people who might buy an F-50 from a dealer, and how those transactions happen. My guess is that there's often a lot of blind trust and casual appearance in the transactions. Wouldn't surprise me in the least if Algar has successfully sold many expensive used cars under similar circumstances -- i.e., well dressed gentlemen phones in advance, saying he wants to visit because of his interest in a particular car, and after a test drive buys it. Without a license to show? Maybe even that's happened before. Salesmen tend to size up a propect -- accurately or not -- and be trusting. I don't know which salesman was involved with the F-50 (maybe Frances), but I wouldn't be so quick and harsh in my judgment.

Just my $.02. Larry
les brun (Labcars)
Junior Member
Username: Labcars

Post Number: 178
Registered: 1-2003
Posted on Saturday, September 27, 2003 - 10:16 am:   

Unless you know the people at Algar personally and have a point of view based on those direct interactions, then why not stop speculating about their ethics and intellect and focus on the fact that they have been victimised and be more sympathetic. Did they make poor choices in this instance? Well, unless you know ALL the detail of the incident you just don't know. What is certain, however, is that a crime was committed against both a person (the salesman) and a business, and under our system of laws this was entirely unjustified and all efforts should be made to find the culprit and the merchandise and let our criminal justice system (flaws and all) go to work. Just MHO and sorry for standing on the soapbox, but we seem way too gleeful in adding to the misery of the victims.
John Ashburne (Jashburne)
Junior Member
Username: Jashburne

Post Number: 74
Registered: 9-2002
Posted on Saturday, September 27, 2003 - 9:38 am:   

Philip

If there is any justice in the world, your condescending salesman was the victim in this theft! If so, he can start checking out what his "budget" will be when he's wearing a paper hat to work and asking "want fries with that?"

John

William H (Countachxx)
Advanced Member
Username: Countachxx

Post Number: 3194
Registered: 2-2001
Posted on Saturday, September 27, 2003 - 9:19 am:   

thieves part out cheap cars, its sort of hard to part out an F50 as there is not a very big market for F50 parts. If the car was indeed stolen its likely going to Asia or South America or maybe Russia
Jason (Jason)
New member
Username: Jason

Post Number: 50
Registered: 12-2001
Posted on Saturday, September 27, 2003 - 9:17 am:   

Inside job? This isn't an "Auto Toy Store" type business, but rather a large volume franchised Ferrari dealer that's been in business for 40 years. No doubt some very piss poor decision making on their part but I don't see any basis to accuse Algar of theft and insurance fraud.
Kevin Marcus (Rumordude)
Junior Member
Username: Rumordude

Post Number: 199
Registered: 9-2001
Posted on Saturday, September 27, 2003 - 9:05 am:   

regardless of how duimb someone might have been that doesn't make it okay for someone to steal a car. Regardless, the car is likely worth more in pieces and easier to deal with that way. If it's not, then I really don't get it - stealing a 1/349ish thing is nearly as dumb as stealing a 1/1 thing (ala moa lisa or whatever)
William H (Countachxx)
Advanced Member
Username: Countachxx

Post Number: 3183
Registered: 2-2001
Posted on Saturday, September 27, 2003 - 7:16 am:   

If I was going to spend $500k + on an F50 I'd rent a dam race track & bring along a Murcielago, F40, & whatever else just to have a side by side comparison. Hey if youve got the $ you might as well.

WTH are you going to learn about driving an F50 from doing 70 mph on a highway ? Thats not what this car is about. Its like taking a hooker to church to try her out :-)
philip (Fanatic1)
Member
Username: Fanatic1

Post Number: 487
Registered: 2-2003
Posted on Saturday, September 27, 2003 - 7:05 am:   

Dave,
I don't think any of us here mean to slander anyone.......it's just that when any "job" of this size happens, one of the first things looked at is the possibility of inside help.....sure we are speculating, as I'm sure the detectives are.......but as many people here have said, there is probably a lot of information we don't know and hasn't been released to the public, so anything we do is pure speculation....
David Seibert (Historics)
New member
Username: Historics

Post Number: 15
Registered: 8-2003
Posted on Saturday, September 27, 2003 - 6:54 am:   

So here we have a substantial thread, among other things accusing the owner (whom I know very well) and other individuals at Algar of criminal activity, and all based on a single newspaper story which does not tell the whole story.

Speculation is one thing; slander is another.
philip (Fanatic1)
Member
Username: Fanatic1

Post Number: 483
Registered: 2-2003
Posted on Saturday, September 27, 2003 - 5:53 am:   

I hate to say it, but I think Dave and Andy may be on the right track........although I'm sure there's some infor we don't know, it does seem like a lot of things "don't add up". Probably an inside job, get the insurance money and sell the car.........get paid twice.........It's been done with almost every other commodity......why not F Cars?
Dave White (Dwhite)
Junior Member
Username: Dwhite

Post Number: 141
Registered: 5-2003
Posted on Saturday, September 27, 2003 - 5:27 am:   

Maybe a golden parachute for one of the execs who is retiring to S. America, Asia. I bet A. Anderson devised the plan. If cars were taken from other dealerships wouldn't there be some sort of bulletin. Very hard to believe.
Andy Falsetta (Tuttebenne)
Member
Username: Tuttebenne

Post Number: 292
Registered: 3-2003
Posted on Friday, September 26, 2003 - 9:09 pm:   

A great way to get $750,000 for a used F50 is to have your insurance company buy it.

Its hard to believe they let the dumbest salesman on the lot handle the out of towner on the F50.
Ryan Sabga (Sherpa23)
Junior Member
Username: Sherpa23

Post Number: 160
Registered: 5-2003
Posted on Friday, September 26, 2003 - 6:15 pm:   

I wonder who the saleman was? It could have been some new guy. It is interesting that they let him test drive an F50. You would think that the dealership would only let long time customers test drive a car like that.
Erik (Teenferrarifan)
Member
Username: Teenferrarifan

Post Number: 330
Registered: 2-2003
Posted on Friday, September 26, 2003 - 3:45 pm:   

I have seen this f50 many times as I stop in algar about once every couple weeks, and lately it has been moved to the back corner of the "used car showroom" near the maserati options board. IMHO it would have taken quite a heck of a phone call to have them move about 3 cars out of the way to get this guy a test drive. But, I wonder whether or not the guys limo was really at the acme lot next door. Because from the showroom window you can see into the acme lot and from all the side windows so why didn't anyone ask any questions when the limo moved or if there wasn't one. Also I know the algar owner well and he told me a few weeks ago he isn't to eager to sell it because it draws customers in and he likes seeing it in the showroom.
Erik
Dan (Bobafett)
Intermediate Member
Username: Bobafett

Post Number: 1407
Registered: 9-2002
Posted on Friday, September 26, 2003 - 2:48 pm:   

Mark,

Thanks for the link. I think I may have read it before, which is where I got the notion.

--Dan
MarkPDX (Markpdx)
Member
Username: Markpdx

Post Number: 803
Registered: 4-2003
Posted on Friday, September 26, 2003 - 2:30 pm:   


quote:

Aren't there two stolen F50s in Japan right now? Japanese authorities have been less than helpful.




Here is an article on a stolen F50 that made it's way to Japan by Michael Sheehan

If it Sounds to Good to Be True...

Steve D'Gerolamo (Ultgar)
New member
Username: Ultgar

Post Number: 24
Registered: 2-2003
Posted on Friday, September 26, 2003 - 12:39 pm:   

Huberts right...there had to have been an enclosed trailer waiting locally for the car to show up. A red F50 doesn't just disappear in a Philly suburb.

Dan (Bobafett)
Intermediate Member
Username: Bobafett

Post Number: 1403
Registered: 9-2002
Posted on Friday, September 26, 2003 - 12:13 pm:   

Aren't there two stolen F50s in Japan right now? Japanese authorities have been less than helpful, from what I understand. Maybe this will make 3.

--Dan
Hubert Otlik (Hugh)
Intermediate Member
Username: Hugh

Post Number: 1441
Registered: 1-2002
Posted on Friday, September 26, 2003 - 12:12 pm:   

That car's already "sold." Whoever pulled this, had a cargo ship, contrainer and a willing buyer on the other end...
Craig Dewey (Craigfl)
Member
Username: Craigfl

Post Number: 689
Registered: 1-2001
Posted on Friday, September 26, 2003 - 12:12 pm:   

Lojack/GPS doesn't work very well when they put it in a shielded metal container right away. I'm sure they considered it when they set up their get-a-way vehicle.
V.Z. (Ama328)
Member
Username: Ama328

Post Number: 266
Registered: 11-2002
Posted on Friday, September 26, 2003 - 12:01 pm:   

if the article is correct, the manager that approved the test drive is more at fault than the salesman...'course, both of them may be looking for new jobs :-)
Ron Thomas (Ronsupercar)
Intermediate Member
Username: Ronsupercar

Post Number: 1067
Registered: 5-2002
Posted on Friday, September 26, 2003 - 11:51 am:   

Good. Piece of cake..

Anyone selling a F50 With out the hard top will have a lot to answer to...

The only reson why I don't feel it's an inside job is because it also happen the same way in other dealerships... I do feel it's the same guy..
Mark (Study)
Member
Username: Study

Post Number: 844
Registered: 10-2001
Posted on Friday, September 26, 2003 - 11:36 am:   

No Lo-jack or GPS unit on that car? Too bad.
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 821
Registered: 3-2002
Posted on Friday, September 26, 2003 - 11:34 am:   

Alex: You can stand in line with lots of people
with that comment about t/drive.
philip (Fanatic1)
Member
Username: Fanatic1

Post Number: 480
Registered: 2-2003
Posted on Friday, September 26, 2003 - 11:33 am:   

I've only had one experience with Algar...They wouldn't let me test drive a 355. This is when I pulled up in my 348! I had a liscense and the registration and proof of insurance on my other F Cars........They had a 355 I was interested in...I loosely offered about 4000.00 less than what they were asking........they salesman looked at me and said "Oh, you're on a budget"...very condescending.
I looked back and said "Everyone's on a budget, just some peoples budget is larger than others"....Anyway, they wouldn't let me test drive and I left..........I would never go back there.........(this was about 2 years ago)
Alex Lee (Alxlee)
Junior Member
Username: Alxlee

Post Number: 219
Registered: 4-2002
Posted on Friday, September 26, 2003 - 11:27 am:   

LOL, I was waiting for someone to refer to that picture!

They wouldn't even let me test drive a Metro let alone an F50! ;-)
Dr. Ken Lee (Kenster888)
Member
Username: Kenster888

Post Number: 311
Registered: 4-2003
Posted on Friday, September 26, 2003 - 11:18 am:   

Upload

I think this guy stole it....
Upload
Just kidding Alex :-)
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 820
Registered: 3-2002
Posted on Friday, September 26, 2003 - 11:15 am:   

I can go a little higher with my cash offer.

I already have a paper plate.

And I am really curious which cologne this
guy used when he talked a ride out of Algar?
Perhaps I should try something other than
Old Spice ?
Andrew H (Stokpro)
Junior Member
Username: Stokpro

Post Number: 181
Registered: 6-2003
Posted on Friday, September 26, 2003 - 11:11 am:   

Doubt we'll see it on eBay. Most likely went offshore. Probably sitting in a container ready to cross the Atlantic.
arthur chambers (Art355)
Advanced Member
Username: Art355

Post Number: 2639
Registered: 6-2001
Posted on Friday, September 26, 2003 - 11:09 am:   

A lot of balls to do that.

Art
Kenny Herman (Kennyh)
Intermediate Member
Username: Kennyh

Post Number: 1269
Registered: 8-2001
Posted on Friday, September 26, 2003 - 11:06 am:   

It'll show up on ebay in a couple weeks :-).
philip (Fanatic1)
Member
Username: Fanatic1

Post Number: 478
Registered: 2-2003
Posted on Friday, September 26, 2003 - 10:56 am:   

He must have a buyer ready and waiting.....there couldn't be a market to try and sell this "openly"......
Andrew H (Stokpro)
Junior Member
Username: Stokpro

Post Number: 180
Registered: 6-2003
Posted on Friday, September 26, 2003 - 10:56 am:   

No cameras on Algar's lot/showroom that can be reviewed for identification? Can't believe the dealers that have millions in inventory but no other security other than an alarm system. Most high-end car dealers in the Seattle area all have exterior (some interior as well) cameras spanning the whole lot. Pieces of the puzzle don't seem to fit the story. I'm thinking... inside job.
Alex Lee (Alxlee)
Junior Member
Username: Alxlee

Post Number: 218
Registered: 4-2002
Posted on Friday, September 26, 2003 - 10:50 am:   

The car had been there since at least May or so. Algar is in Philadelphia suburbs.

I want to say that there is probably more info than the dealer or police released to the media. That car was buried in the showroom so they must have done something right for them to move it out of the corner of the showroom and onto the road for a test drive.

Some pics of it are here:
http://www.ferrarichat.com/discus/messages/251280/258126.html
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 818
Registered: 3-2002
Posted on Friday, September 26, 2003 - 10:50 am:   

Look for F50 parts forsale in Lagos.
Andrew Menasce (Amenasce)
Intermediate Member
Username: Amenasce

Post Number: 1391
Registered: 10-2001
Posted on Friday, September 26, 2003 - 10:49 am:   

Start looking for a Red F50 in Moscow :-)
Alan Leach (Speedy308)
Junior Member
Username: Speedy308

Post Number: 194
Registered: 12-2002
Posted on Friday, September 26, 2003 - 10:46 am:   

I saw a demonstration once where a guy cut up a car with a sawzall.

Took about eight hours.

Pretty impressive!
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 816
Registered: 3-2002
Posted on Friday, September 26, 2003 - 10:39 am:   

Does the salesman work there anymore?

If he does, call him and after talking
with him on the telephone explain how
you never purchase without having a test
drive.

What kind of clothes, cologne, and sunglasses
did this guy have when dropping by ? That
must be some kind of con job to get a test
drive on that car. Perhaps it was a Nigerian ?

The salesman should have seen NEBULA's advice.
Next time he will check to see what the buyer
drove up in. Thats how you can always tell the
players from the real buyers. Be careful from the Jackoffs.

Jeff it does sound fishy.
Chris Horner (Cmhorner17)
Member
Username: Cmhorner17

Post Number: 298
Registered: 4-2002
Posted on Friday, September 26, 2003 - 10:35 am:   

WHAT?????? A F50 test drive? With no drivers license or ID of any kind????? That sounds awfully weird. I can understand getting a test drive but with a LOT of proof that you are a prospective purchase and not just trying to joy ride the thing. So the people that authorized the test drive with no ID - do they still have their jobs?
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6644
Registered: 8-2002
Posted on Friday, September 26, 2003 - 10:31 am:   

Is this the same F50 that was at FoLI a month or so ago...? Where is Algar...?
Alan Leach (Speedy308)
Junior Member
Username: Speedy308

Post Number: 189
Registered: 12-2002
Posted on Friday, September 26, 2003 - 10:25 am:   

Damn, ya'll. Be quiet!!!!

From a white, 6' 3" slender guy with short, clean cut, reddish brown hair and glasses.

"And I ain't even got a garage, you can call home and ask my wife"
Charlie Daniels "Uneasy Rider"
jeff ryerson (Atheyg)
Member
Username: Atheyg

Post Number: 491
Registered: 8-2002
Posted on Friday, September 26, 2003 - 10:24 am:   

Its an inside job, noone is going to see a F50 being driven into a truck? Story sounds fishy, I cant see any Ferrari dealer letting anyone drive a $700,000 car without checking them out or requiring a deposit.
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 815
Registered: 3-2002
Posted on Friday, September 26, 2003 - 10:19 am:   

Alex someone ran to the insurance co real fast.
Then someone updated the website. LOL
Alex Lee (Alxlee)
Junior Member
Username: Alxlee

Post Number: 217
Registered: 4-2002
Posted on Friday, September 26, 2003 - 10:13 am:   

I was wondering what happened to that car! I noticed it was no longer on their website.
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 814
Registered: 3-2002
Posted on Friday, September 26, 2003 - 10:10 am:   

One more thing.

That car will be worth
less; if the police recover
it.

The Carfax report will not
come back clean. It is
supposed to show up that the
vehicle was stolen.
Ralph Koslin (Ralfabco)
Member
Username: Ralfabco

Post Number: 813
Registered: 3-2002
Posted on Friday, September 26, 2003 - 10:07 am:   

Give me the Keys.

I will bid 50K Cash !

At least someone got
a test drive out of
a Ferrari Dealer !
Kenny Herman (Kennyh)
Intermediate Member
Username: Kennyh

Post Number: 1268
Registered: 8-2001
Posted on Friday, September 26, 2003 - 10:04 am:   

That guy has ALOT of balls to pull something like that- thats right out of Gone in 60 Seconds!
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6642
Registered: 8-2002
Posted on Friday, September 26, 2003 - 10:04 am:   

i did NOT drive to work today in an F50... :-) (wait a minute... that's nothing to smile about... i need to edit this post and change that ":-)" to a ":-("...)
Omar (Auraraptor)
Intermediate Member
Username: Auraraptor

Post Number: 1020
Registered: 9-2002
Posted on Friday, September 26, 2003 - 10:02 am:   

OMG!
TomD (Tifosi)
Advanced Member
Username: Tifosi

Post Number: 4357
Registered: 9-2001
Posted on Friday, September 26, 2003 - 9:55 am:   

wonder what the insurance with pay if anything, they obviously did not exercise due care
Jason (Jason)
New member
Username: Jason

Post Number: 49
Registered: 12-2001
Posted on Friday, September 26, 2003 - 9:50 am:   

Has this been posted yet?

http://www.philly.com/mld/dailynews/news/local/6864656.htm

He dropped off salesman - and took off in Ferrari
By JIM NOLAN
[email protected]

You think YOU'VE had a bad day.

How'd you like to be the trusting Main Line Ferrari salesman who got out of the passenger seat to switch places with a prospective customer last week, only to be left at the curb?

In case you're wondering, that was a $729,000 f-50 Ferrari. Red, of course.

The salesman, not to mention Lower Merion police, are still looking for the car, which detectives believe may have been driven into a trailer shortly after it was stolen for shipment overseas or a black market transaction.

Even harder to believe is that the silver-tongued con man was able to get behind the wheel of the Italian roadster without even showing a driver's license, according to police.

It all happened Sept. 16 at Algar Ferrari, on Lancaster Avenue, in Rosemont, one of only 32 Ferrari and Maserati dealerships in North America.

Lower Merion police said a man called the dealership saying he was flying up from Atlanta and was interested in a red, 1995, f-50 in stock.

He arrived wearing a shirt and tie and a Rolex watch, acting affluent and telling the salesmen that his limo was parked next door in the Acme parking lot.

Salesmen always accompany prospective customers on test drives. But police said that after the first test drive with the salesman behind the wheel, the con man asked to take another spin driving himself, saying he was concerned about the brakes.

Police said he told the dealership that he left his wallet and license at the airport. Nevertheless, a manager agreed to let him drive with the salesman.

Around 5 p.m. on Spring Mill Road, the man asked if the salesman would drive the rest of the way back to the dealership.

"When the salesman gets out, he just takes off," said Det. Charles J. Craig, who is handling the case.

Despite rush hour and rapid police deployment to the area, there was no trace of the car, leading cops to suspect the con man had accomplices.

"This took a lot of planning," said Craig.

Police released a description of the Ferrari thief - White, around 6-foot, slender, with short, clean-cut, reddish-brown hair and glasses. The Ferrari is pretty hard to miss.

Detectives are also looking into whether the theft is related to similar thefts of Ferraris in North Carolina and Long Island. Anyone with information can call 610-645-6228.

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