| Author | Message | ||
| Martin (Miami348ts)
|
Thanks, you know, you might have a point here. | ||
| Luigi Tarisio (Tarisio)
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ROW - Rest Of World cars ICI - Independent Commercial Importer. Only person who can import the car, must make EPA compliant, then release it. Can not sell cars. OBDII - On Board Diagnostics, second generation (II). Required on all US cars from Jan. 1996 forward. No exceptions. | ||
| Martin (Miami348ts)
|
Luigi, you might have a point here. I still do not know what OBDII, ROW and ICIs are. I guess: ROW is rest of world cars ICT are the convertion shops OBDII ??? Again, I think it is easy to check our what yar car it is and everyone buying it would hopefully use due dilligence, which brings us back to the people that got screwed, Did they? Let me make this clear again, I do not accept this type of business practice at all. It is plain wrong but so easy to avoid. | ||
| joe saldana (Ironjoe)
|
If the frame checked out,Id throw all race car parts on it,I totally agree with Martin. Id even go 30 to 40,looks like this poor guy rear cornered an illegal bumpered moving van,or something high framed.jaws of life on that steering col n pillars...... | ||
| Luigi Tarisio (Tarisio)
|
There is no wavier for any manufacturer, small volume or otherwise, for OBDII. Those ICIs who have tried this are in for a surprise when CA and the Fedralees come a callin'. I ask Porsche almost every day. The "world car" is an ICI-spread rumor to convince us and the government that the ICIs have the knowledge to convert ROW cars. In fact, the ICIs use the OEM engineers and information to "certify" cars. | ||
| Brian stewart (Eurocardoc)
|
OBD2, I wish that was on the cars, unfortunately manufacturers canpay a fine and omit that if they produce less than 30,000 cars a year. The software and hardware are not available outside of dealer network. So really not much difference these days in the cars ask Porsche, theirs are in effect world cars now. | ||
| Luigi Tarisio (Tarisio)
|
Because a 1996 has to have OBDII; and is prohibitively expensive to convert; no one has done it. That's why. It was titled as that year because it is that year. God rest Mr. Pozzi's soul. | ||
| Martin (Miami348ts)
|
Luigi; the VIN can easily be checked on the car. If it would be a 1996 why would he make it "less" valuable by claiming it is one year older? The reason why it sold in France as a 1996 was becasue in Europe the Year is mainly described as the year it was titled. A October 1995 car is considered a 1995 in the US but may not have been titled in France till April 1996 and so it is sold as a 1996. We just had somebody from Europ describing his 328 as a 1990 car, but we all know that there were no 328s made in 1990. Same reason! I hate to appear that I jump to his rescue. There is usually more than just what was said! Use common sense before jumping to judgment. Why would anyone advertise a 1996 as a 1995? | ||
| Luigi Tarisio (Tarisio)
|
You're right - don't believe everything you read. Know that there is a lot that isn't said. At the moment Mr. Sheehan has an F50 for sale which he is advertising as a 1995. The car was sold in France as a 1996 model. Look at the picture at Sheehan's site and ask Ferrari. Ask him about his involvement with Mike Tyson's XJ220 and with Platinum Motors. And his friend at DOT. | ||
| Michael (Mtabije)
|
"Don't believe everything you read in the fishwraps" I like that one. Okay, so it seems like Mike Sheehan is pretty legit. I will consider him on my list of potential places to shop for my first Ferrari. | ||
| Lee Sanders (Lsand007)
|
I must chime in with Edvar on Michael Sheehan. He isn't perfect, but in the world of car slugs (Ferrari car slugs in particular) he is better than many. He has done a great deal to maintain the integrity of the Ferrari broker community, and therefore has created some ill will on occasion. I've heard Mike's side of these tales directly from him and believe me Brother, his side has lots of merit. He continues win the litigations pursuant to false claims made against him and to make deals with the top collectors and traders. This wouldn't be happening if all the allegations were correct. Besides, don't believe everything you read in the fishwraps. | ||
| Luigi Tarisio (Tarisio)
|
Who do you think told him (the Japanese owner) that he could turn a quick profit? Remember, who is the misleading component in this transaction? If anyone was leading the pack on late '80s greed it would appear to be Mr. Sheehan. One of the leading restorers in the world has easily restored a GT40 in less than 8 months. I know this personally. I have never met nor done business with a broker of exotic cars especially those in the gray market who I would say are totally honest. If fact, it is almost a badge to wear that you have beat the Feds. Mr. Sheehan offered to me XJ220s a year before they were allowed into the US as legal. 'Nuff said. | ||
| Martin (Miami348ts)
|
To me I read that a Japanese buyer bought a wreck for $800,000 which he though he can restore with $200,000 and turn a profit. Somewhere in the article it is quoted that "He (Japanese) saw his profits dwindling". All of a sudden the market gave in and prices were on a free fall. Kind of like the stockmarket crash, except that the stock certificate was not in his hands yet so he could not sell. Michael has definetely acted immoral and I am sure there were things expressed that were untrue. Money was hidden and then the company bankrupted. No question. No question that for these things he should serve time. No question I would not want to do business with him unless it is 200% save, but then I would not want to do this with anybody, no matter who it is. Selling a car without the title is a serious crime. On the Japanese Investor side though I have my reserves. The guy knew what he was getting. How can you expect to have a full restauration of a wreck in 8 months. PLEASE ! On the matter of the GT40, building a car of a wrecked car is totally legal and for old racing cars and/low numbered vintage cars, common practice. I would say there is not many cars that are original anymore anyway. Lets not forget that the early 90s was the time when the japanese economy tanked. When japanese investors sold all their priced possessions (Rockefeller Plaza etc.) | ||
| Luigi Tarisio (Tarisio)
|
Martin The article DOES NOT sound like the Japanese getting screwed by the market. Your assuming something which wasn't in the article. The article painted Sheehan as a liar and thief with him offering excuse, after excuse. The bankruptcy court didn't buy his finances. Depite what rulings came forth I think it (the article) was close to the truth. | ||
| nick mrozinski (Nickm)
|
Two local guys here both crashed their F40's. I got a chance to look at one of them (up close for about an hour or so) It was no where close to looking as bad as this one looks. I was told that the front clip (windshield forward) was $45K, radiator $3k, Rear clip (hinged section in the rear was also around $45K) I'm thinkin' major parts car. Can you imagine how much a set of doors would cost you???? My guess... $10K each. OUCH!! | ||
| Martin (Miami348ts)
|
I read the article about Sheenan. Does sound a lot like some japanese getting screwed rather by the market they created than by a salesman. Although there is always 3 sides to a story. His, theirs and the truth. Rebuilding a wrecked car is nothing unusual. Happens with these cars every day. If they would have consulted a specialist before they bought the car they would have known. I agree with you all though that Sheenan should have disclosed that to begin with. | ||
| Peter Connolly (Mondial_32_Aus)
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If it was me driving that car when it pranged it would be sh?t stains on the seat! PC | ||
| Michael (Mtabije)
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William, I think the wet stains = blood stains | ||
| William_Huber (Solipsist)
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Has anyone noticed that wet stain in the drivers seat? LOL!!!!! Was it from trashing the car or having to call the insurance company??? | ||
| Richelson (Richelson)
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Mike, your right its all about the green stuff. | ||
| Michael (Mtabije)
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Why would he do that, Richelson? Because: $$$$$ I was once told: There's his story, there's their story, then there is the truth. =) | ||
| Richelson (Richelson)
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I think he did some dishonest actions though. The gt40 replica was a very dishonest act. Why would you do that. | ||
| Michael (Mtabije)
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I read the story, seems like they had an overzealous DA. | ||
| Edvar van Daalen (Evandaalen)
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Regarding the negative stories about Michael Sheehan: please don't believe everything you read! I'm not going to say that Sheehan never did anything wrong, but I was glad that I also heared the stories from HIS own side (directly from himself). His good name was blackened by some persons who only told lies about him. Maybe the fact that Michael won all lawsuits against the "guilty ones" will shed another light on all the articles. And what about the fact that he really is back in business and that MANY top Ferrari collectors are dealing with him again?!?! All top collectors are smart persons and they really wouldn't deal with Sheehan if he indeed was such a bad guy. Again, I'm not going to say that Michael Sheehan never did anything wrong as I simply don't know all the details. But I'm VERY possitive that many stories told about him are NOT TRUE. Just my humble opinion ...... | ||
| Luigi Tarisio (Tarisio)
|
Sheehan was somehow involved with Mike Tyson's Jaguar xj220 which somehow Tyson paid twice the money for, only to have the Feds seize the car because the xj220 was illegal at the time. Caveat emptor | ||
| Jim E (Jimpo1)
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Buy the car, replace the front end, leave the roof alone. Buy a used top from somebodys 308/328 and have the worlds only F40 GTS! | ||
| Michael (Mtabije)
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Thanks for the article Luigi, man that was some article...He has a nice website and some nice cars too. Isn't this F40 on this thread being sold from his website? | ||
| Martin (Miami348ts)
|
LOL, I think the oil change is the least of the problems. Jorma has a F40 and a friend crashed his F40 in Sweden, do I remember that correctly? Maybe he can help? | ||
| David Harris (Dakharris)
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Sticker on door jam indicates oil had not been changed in over 6,000 miles! I can only conclude that this car has been abused. | ||
| Willis Huang (Willis360)
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I heard that the nose section on the F40 alone cost over $25K. That was a few years ago. That carbon-fiber tub might need to be replaced and that's gonna cost some bucks. Frame damage is hard tell without looking at the actual car on a lift. Roof job probably will require more than simple fiberglass work. Anyone here with F40 experience? | ||
| Martin (Miami348ts)
|
that is really tough to say but I believe that it is less than that, much less. Frame appears okay. The rest is a cooler and lights and fibreglas parts. 2 doors and interior dash. The windshield spray bottle is still there, I am sure that will save you $ 500 right there  I think you can do this car for less than $ 50K. | ||
| Willis Huang (Willis360)
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My wild guess would be $150K+ (parts and labor). I could be way off. It's a nice spare parts car for a current F40 owner though. | ||
| Richelson (Richelson)
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I just finish reading the article Luigi sent me. Thanks Luigi for the article. It is pretty horrible. It stated that he had sold a GT40 replica for $582,000 with parts of it being from the original discarded chasis. | ||
| Arnaldo Torres (Caribe)
|
Besides the cost of acquiring this wreck, seriously, what do you guys think it will cost to bring it back to driving conditions again? | ||
| Luigi Tarisio (Tarisio)
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Willis, read the article. There were accusations that Sheehan insulted his Japanese customers for their heritage by sending faxes (nastygrams) to the owners and their business associates. | ||
| Willis Huang (Willis360)
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Hey, I don't condone dishonest dealings in any form. I'm just saying that if the Japanese investors were willing to pay a certain price, let them. I wonder what would have happened to Ferrari prices if the Japanese guys didn't pay the millions of dollars for the 250GTOs back in the 80's. Perhaps we could buy many of the classic Ferraris for much, much less than current asking prices. | ||
| Martin (Miami348ts)
|
maybe I could fit the rear to my 208GT4. You think the engine will fit? Maybe I should use Wheely bars then LOL | ||
| Martin (Miami348ts)
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selling a car without a title is criminal. I wonder if that is true or just a rumor. gotta be carefull with these rumors. | ||
| Howie F. (Brokerofexotics)
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Willis, That does not excuse a dealer or any business person to act dishonestly. True, the Japanese investors did not do their due diligence, but that does not give a license to sell unethically. | ||
| Willis Huang (Willis360)
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The thing about Japanese investors is that they overpaid for everthing in the 80's (real estate, Ferraris, paintings, etc) and they still do. They were drunk with wealth and bought everything in sight without regards to value. It's their own fault and arrogance to blame, not the dealers. | ||
| Luigi Tarisio (Tarisio)
|
The story was in the "Business" A guide to your money" section of the "Orange Country Register" Sunday, March 30, 1997. According to the article, Sheehan was pretty nasty. He filed for bankruptcy listing 2.3 million in liabilities but his family was found to have 5.5 million in assests. Anyway, seems he have sold a car to a couple in Seattle, a car Mr. Sheehan did not have title to! If you can't find the article send me your fax number. | ||
| Richelson (Richelson)
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I haven't heard about this story. What happened? | ||
| Luigi Tarisio (Tarisio)
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He is warning about the seller, Ferraris-online, Mr. Sheehan. Anyone ever read about Mr. Sheehan and the Japanese investors he allegedly bilked? | ||
| david schirmer (David)
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Tear the engine and drivetrain out of it, get a well used 308, drop the new F40 engine in it and you got a fake 288GTO that would probably smoke the real thing. Maybe some of the suspension could be utilised. Iron Joe, who commented on putting the american v8 into a 308, could probably provide the info on how to actually do this. and now the purists won't be upset! | ||
| Najib Amanullah (Najib)
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That is one HOT Dune Buggy!!! | ||
| Martin (Miami348ts)
|
I think this car is not that bad... Serious. The frame may be totally okay, The car was ripped above the front. All fibreglas is gone but the car is a basic tube frame. It does not look at bad to me, honest. I think you can rebuild this car for maybe $50K and have a cheap F40. | ||
| Jim E (Jimpo1)
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To remove the pee smell, find a very fresh roadkill, place in the car. Leave for 5 days. Repeat if necessary. | ||
| David Jones (Dave)
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Anybody know how to get the pee smell out of the seats??? | ||
| BretM (Bretm)
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All I can think is what a mess. | ||
| BobD (Bobd)
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I like the new transverse tilt steering option. | ||
| Mitchel DeFrancis (4re308)
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Is that a scratch on that left rear wheel??? I am not interested anymore. KIDDING!! | ||
| Craig Dewey (Craigfl)
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I didn't know the F40s came in the "TS" version... | ||
| Richelson (Richelson)
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I would think $115K is high for this. The engine is probably ok but it doesn't look like much is salvageable. I wonder what happened. Track accident? | ||
| Howie F. (Brokerofexotics)
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WOW..I wonder what happened! I would take the insurance loss, cut the car in half (right in front of seats), discard the front half and you will have one fine looking couch. | ||
| michael marchese (Bigdog)
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And don't forget about that loose nut behind the wheel !!! | ||
| david schirmer (David)
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The brakes don't appear to work | ||
| Frederick Thomas (Fred)
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What are you warning of? | ||
| Scott85 (Scott85)
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damaged F40  |