| Author |
Message |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 244
Registered: 8-2001
| | Posted on Wednesday, June 26, 2002 - 7:54 pm: | |
Steve,
I appreciate your information, but I have a couple of questions.
What you call an ICI, I call a broker. They are large companies and arrange for importation of 10s of thousands of vehicles. I know a bond is required of an individual, but I do not think it is required of large established companies. Anyway that is part of their doing business. That is one of many reasons why a broker is used. The large brokage firms have the established connections with EPA/DOT. The paperwork for a vehicle is already started before it leaves Europe.
Generally a government employee just checks to make sure the paperwork is properly signed off. I have known of vehicles that did not meet the specifications get in with no problems. The paperwork was filled out correctly.
The Unimog costs $400 to $500 for a broker to do all the EPA/DOT paperwork, customs work, etc. However, it requires no modification.
You are right, it is generally a class of engines. For example, Mercedes Euro I and Euro II diesel engines do not meet EPA specifications. It is my understanding that a particular engine is approved with certain accessories. If they are duplicated, then they go through.
If one has to wait for paperwork, why air freight a vehicle? I used to air freight custom vehicles to South America and Europe when I worked for the government. However, then I just called and asked for a C5A, no cost to me. I also had two passports, a normal one and a special one. Sea shipping in a sealed container is just $2,000 for two vehicles or $1,000 each.
Lou in DC, his have taken 2 to 4 weeks from when they were shipped until they were at his door.
If it takes an extra month or so and saves $50,000 to $100,000, why not?
I think one would use a large established conversion firm, not a one person fly by night firm. I know the firms for Unimogs, do you know brokers and conversion firms for Ferraris? Would like to talk to a couple.
I have been told by Martin and others that the fee is $8,000.
Many on the list use test pipes. I have never heard of anyone having their car impounded. Does a firm making money from you on parts and service likely to do this? Is a large, established firm likely not to include stuff needed for approval and risk their entire business?
Thanks, Dave |
Steve (V10_nut)
New member
Username: V10_nut
Post Number: 16
Registered: 3-2002
| | Posted on Wednesday, June 26, 2002 - 5:41 pm: | |
When you import a Euro 360 you will have to do it through an Independent Commercial Importer (ICI). These importers have to be approved by the Gov. and post a bond to be able to perform the work. They also have to be registered with both the DOT and EPA to submit paperwork for approval.
There are specific differences between the US and Euro cars as mentioned previously like speedos, marker lights, etc. but there are also engine modifications that need to be performed. The DOT is concerned with the safety aspect and the EPA is only concerned with emmissions. You must obtain release forms from both agencies to finally bring the car home to your driveway. You also have to pay the customs duty which I believe is 2.6%.
Before EPA will even consider a car for importation they must have a Certification number on file that proves that the engine family has been tested and can meet US emmission standards. And you can't piggyback the FNA emmission approval because the Euro engines have different emmission equipment. When an ICI brought in the first 360 they had to make the costly modifications to meet US emmissions, have the car tested at an EPA certified lab, then send the results to the EPA for the Certification number. Then using that number they could bring in future cars.
After the car is purchased in Europe most of them are shipped by air ($4500 to $6000) to the US. Then Customs gets their 2.6%. Then most ICI's charge between $15000 to $27000 to perform the EPA/DOT work, submit the proper paperwork, and obtain the final releases. The actual conversion work takes about a week but getting the releases (remember you are dealing with the goverment) takes 4 to 8 weeks.
Probably your greatest exposure is a non-reputable ICI that doesn't do a complete job. When you take the car to a FNA dealer for an oil change and they notice a missing air pump or anything else (and they have been advised what to look for) they can turn you in to EPA/DOT and you could wind up having the car impounded. Probably a long shot but buyer beware. |
russell rosenblum (Rosenblumr)
New member
Username: Rosenblumr
Post Number: 20
Registered: 6-2002
| | Posted on Wednesday, June 26, 2002 - 12:32 pm: | |
I am not sure if a european house owuld be allowed to do it, but A US company sure could sell, import and take responsability for conversion--they generally dont though.
Like I said, I was VERY close to buying a euro spyder. Given the right set of circumstances I probably would have.
As to whether individuals are doing it, yes a LOT of people are doing it. It just seems they all have some sort of horror story to report.
|
ross koller (Ross)
Junior Member
Username: Ross
Post Number: 154
Registered: 3-2002
| | Posted on Wednesday, June 26, 2002 - 10:58 am: | |
couple of comments:
- despite all of your valid objections to buying a conversion car yourself, many people will do it. the allure of owning the best sportscar in the world at a steep discount is enough for many people. i have seen it happen here in the uk, between left hand drive and right hand drive; a few years ago, you couldn't get anybody to look at them eventhough rhd models were at a significant premium. now, everybody considers them, there are thousands over here now, and the rhd premium has been cut in half. the resale is less, but so was the purchase so people get over it. the ferrari dealers/garages do the work no problem, after all that is where they make their money:service and parts. so i don't think your price projections will hold. the delta for euro cars will not be as great. so get on the trend early and enjoy the car now and the $ saved.
- i wonder whether you could get a european dealer to do the conversion for you? think about it, he has the car, wants to sell to you, quotes you a price for conversion (plus padding and labor), gets the parts and paperwork directly from ferrari and takes care of the whole shebang. ferrari is happy coz at least one dealer has made some after-market money vs a conversion shop. and since it was done by a dealer, usa dealers should honor all the guarantees. the only loser is the usa dealer trying to gouge you right now.
- forgetting all of the above, if somebody offers you a euro conversion car at a steep discount, and you have it checked by a reputable mechanic, why wouldn't you buy it? the servicing can always be done by an independent ferrari garage (at least in the uk they do better work than the dealers by far). so where do you lose out now? when you re-sell, you can point to the f garage you are using as testimony.
anyway, i am glad i am not facing what you guys are price wise for these cars. hard enough paying half of it ! |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2309
Registered: 5-2001
| | Posted on Tuesday, June 25, 2002 - 3:06 pm: | |
I#d be interested in a 360 Coupe for $110K. My wife needs a car.
|
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 2308
Registered: 5-2001
| | Posted on Tuesday, June 25, 2002 - 3:04 pm: | |
I was offered a 360 Spider Euro new before convertion for $ 160,000. The convertion is made for about $ 8,000 as far as I know.
|
russell rosenblum (Rosenblumr)
New member
Username: Rosenblumr
Post Number: 19
Registered: 6-2002
| | Posted on Tuesday, June 25, 2002 - 2:39 pm: | |
A couple of things. As to resale in a few years. a 99 355 Fiorano still sells for a bit over 99 MSRP and the change from the 355 to the 360 was drastic. The next 360 will be an incremental change (I hear about 10 more HP and a better funtioning F1). So I think 190 will be about what a 2000 Spyder will sell for. Of course it could be 180, I am just guessing, but I doubt it will be much less.
As to conversion requirements. There ARE still conversion requirements on the 360. They cost about 20K (maybe 15 maybe 25). The FNA position (which it lost) was that the 20K in conversion was not enough to make the cars substantially similar to the cars in the US, NOT that the cars were or were not the same without conversion. In my understanding, nobody claims the car would pass US muster without some level of conversion.
Some items: KPH to MPH on speedometer, Changing odometer to Miles, Catalytic converter, steel bar in passenger door, seatbelt warning light in dash. ETC . .
Yes these are all minor, but you can NOT do them yourselves. You must use a registered house to do the work. You never get to touch that car until the work is done. It goes from the boat to the conversion house. It is in your name fully paid for by you, but you cant get it out until the work is done--so the conversion house has you over a barrel.
AS to comparitive future sale price: From what I understand, the current WHOLESALE on a 2000 US spyder is about 230, and a Euro (converted) about 185-190. A 2000 US coupe wholesale is about 155-165 based on milage etc. . . A Euro wholesales for about 110-125(pre registered in the US). The spread is quite high.
The reason is because of FNA propaganda no doubt. Remember we agree the cars are basically the same, but a Ferrari dealer will generally no tbuy a euro 360 from you so one potential market is gone. Now you need to look for individuals. An individual does not really know or trust you, plus you will have no record of ferrari service because autherized dealers may or may not service you, but I will doubt your records will be in the national computer system.
So now this guy is buying a used car with no warranty, no reliable records, and he has his dealer telling him it is very risky and is not made the same way as a US car!!! If he is going to buy from you he is going to want a hell of a deal.
Think about it, if I get on a waitlist and buy a 360 spyder from a dealer at MSRP, and get right back on the waitlist (say a 3 year wait), I can get pretty close to trading the old car in for a new one without paying a dime. If I buy a Euro, I am going to lose about 20% (maybe more) in three years due to consumer misperception about the car.
So If I believe the cars are the same and the price differential is based on consumer misperception, why wont I save the money and buy the car? Simple, 1) I dont trust a conversion house contract so I would only buy a previoulsy converted car, 2) I want a warranty, I would be less concerned if I owned a car and the warranty expired because I know it ran, but I want a warranty for while anyway. 3) I want a fair value when I trade this car in. Part of the point of buying a car like this is that it maintains its value (no not the only point, nor even the main point, but certainly a justification). The Euro will not.
Basically it is a self fulfilling prophacy. Because people believe the value will be less they are reluctant to buy them, because of this reluctance the value is less.
I recommend contacting www.dennigcars.org to discuss how the conversion process works. They were very straight forward with me, but they wont/cant guarantee the actual conversion process they just sell the car.
Oh and yes I spoke to 3 people that had bad conversion experiences, and so far nobody that would do it again. I am sure there are people that would, I just have not found them. |
Bill Sawyer (Wsawyer)
Member
Username: Wsawyer
Post Number: 313
Registered: 2-2002
| | Posted on Tuesday, June 25, 2002 - 2:38 pm: | |
I believe prices will be down soon too. This has been discussed before, but it seems that there are more ads than there are buyers. Anyone can post an ad for $250k or more and hope to hook a sucker. No offense to those who pay that much, it's their money and they deserve to spend it as they wish.
Many overpriced cars remain on dealer sites month after month, so they must not be selling. The question is, how much are these cars really selling for? Is there a rule of thumb when negotiation on a hot used car? What percentage of the asking price do the savvy buyers out there start at? |
ELI (Titanium360)
Junior Member
Username: Titanium360
Post Number: 59
Registered: 4-2002
| | Posted on Tuesday, June 25, 2002 - 2:37 pm: | |
Rick:
I think around $155K-$160, I might be wrong? |
RICK ROMERO (Tr90)
Junior Member
Username: Tr90
Post Number: 135
Registered: 4-2001
| | Posted on Tuesday, June 25, 2002 - 2:36 pm: | |
Just curious how much was the sticker on this 360 coupe at the time of purchase:
00 360 Coupe
6 Speed, Cd Changer, Challenge Grill, Red Caliper |
bruno bandaras (Originalsinner)
Junior Member
Username: Originalsinner
Post Number: 181
Registered: 5-2002
| | Posted on Tuesday, June 25, 2002 - 2:17 pm: | |
50k over is nuts. Cars will be at list again real soon.Used cars going down this winter.JMO. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 241
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 2:16 pm: | |
Shipping time between Europe and the US is 2 to 4 weeks.
If a European 360 spider can be sold at a profit here for $170,000 with all the paperwork, what can one do it themselves for using the proper companies? I would think they are making at least $30,000 to $40,000 on the $170,000 360 Spiders. So is a $130,000 to $140,000 360 Spider possible? Do not know, but maybe.
Maybe that is why FNA spent so much money and effort trying to block them. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 240
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 2:07 pm: | |
Russell,
The numbers still do not make sense. Correct me if I am wrong.
For the Unimog, I researched the import laws.
At the ports, they have a list of approved vehicles. If on the list, vehicle goes straight through. The brokage firm makes sure that all the paperwork shows that it is on the approved list so it goes straight through. I know a person in DC who has shipped in 4 Mercedes in the last year for his business. They all went straight through with the container never opened and no inspections.
FNA already has the 360 approved. For example the lights, bumpers, emissions, safety, etc. meet the laws. This is what the conversions normally do, might have to add something for emissions. The courts have ruled that the Europe and US are virtually the same. I suspect that any 360 will go through with no conversion, just rubber stamping the paperwork.
Do you actually know of anyone who has had a bad experience or is it just rumors and sales talk. If you know anyone, can you give some details?
I may be wrong, but a 2000 US 360 Spider being worth $190,000 in 2005 seems to be unrealistic. The replacement for the 360 will be here or almost here. How many 360s are they making a year? Do not know, but lets say they are making 2,000 a year. That is 6,000 in 3 years. I think there will be a ready supply for a limited market. Highline has an unused Nov. US slot. That normally means that supply is catching up with demand, and maybe 3 more years to run.
I have also seen Euro 360 spiders for $170,000 and they are making a profit.
A $60,000 spread between Euro and US in 3 years also seems high. I would think more like $20,000, maybe a little more.
$8,000 for a $2,000 shipping fee is a nice markup.
The list for a 360 Spider is about $170,000. Do you think they will be selling above list at the end of the production run when the replacement is here?
If they can be converted and imported plus a profit for $170,000, what is the no profit price if done yourself?
Is the dealer smarter than you? What he/she learned, you can learn with a little research.
|
russell rosenblum (Rosenblumr)
New member
Username: Rosenblumr
Post Number: 15
Registered: 6-2002
| | Posted on Tuesday, June 25, 2002 - 1:00 pm: | |
Look I really really really wanted the spyder. But, I would not spend over 195K under any circumstances. I choose not to go the euro route because of some horror stories I heard--not about the car, but about the conversion houses and the resale value.
I also thought what I lost on the way out I would have saved on the way in, but this is only sort of true.
If I were comparing purchasing a euro spyder for 190 v. a US at 260, then hell yea, I will lose more on the US spyder. But since I would never spend 260 it is not a far comparison for me. I prefer to look at comparing a euro to getting a car of the wait list (also unfair because one in NOW and the other one must wait for).
My guess: In 2005 a 2000 360 US Spyder will sell for about 190. In 2005 a 2000 360 US spyder will sell for 130. My comparison point is that on a US I would have broken even if I got it from FNA. On the Euro I lose 60K or about 20K per year. 20K per year is a lot to lose on a car that barely depreciates, and basically failed to depreciate if you bought it new from a ferrari dealer.
If I did buy a Euro (and I was close), I would only buy one ALREADY converted, with papers and a US registration to prove it. In my opinion the importers would make more money if they took positions and actualy did the conversion and then sold the converted cars.
Buying a car and trying to convert it yourself is risky. SOme people have waited more than a year to get their vehicles, and other have been charged 2 or 3 times the estimated conversion charge.
From what I was quoted, take the European price, and add between 25 and 45K (based on who you believe). This should cover you shipping, duty, and conversion. This will be your quoted rate, they may go over, but remember the company that collects that 25-45 is NOT the same company you paid 160K to for the spyder, so your recourse is somewhat limited.
I am still waiting to here the extreamly HAPPY story from a 360 converion owner.
The US reference I was given from by dealer in Europe, told me the the dealer doubled his shipping from 4K to 8K, and the conversion house took 15 months and doubled his charges.
I just dont feel it is worth the headache, then again I also dont think the car is worth 250k. I always look to get the best deal that I can. I suppose if I believed the car was worth 250 I would probably pay 190 for a euro. But because I believe the car is really worth maybe 200 (once demand settles a bit), I really cant justify the euro car. If the euro spyder was 130 converted, I am sure I would put up with the headaches and take my chances.
Basically If I am buying something at a discount which requires both risk and work, I should get a discount. That means a disocunt from US list not an overly inflated aftermarket.
|
Mike Burke (Maranlo550)
New member
Username: Maranlo550
Post Number: 1
Registered: 6-2002
| | Posted on Tuesday, June 25, 2002 - 12:42 pm: | |
I do not understand why Ferrari allows for this "price gouging!". The Ferrari is already a car for an "elite" clientle and to have dealers mark up the price even more is sickening to me! I remember 2 years ago the mark up on the Porsche 911 Turbos was 50-75K over sticker and now look you can get them for 110K in the Dupont Registry. I bet those owners feel a little screwed right now! As a consumer why would we buy something so inflated when the product does not warrant it?
I am not knocking the people who bought the 360 Spyders for $220-240K but I ask do you feel like you bought a $220-240K car? Ferrari doesn't feel it's a $220-240K car or they would have stickered it at that! |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 239
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 12:17 pm: | |
Nunja,
Unknown at this time.
A headhunter in England contacted me and asked if I wanted to work in Switzerland (sp) for 6 months to 2 years. Have several possiblities going, to include Saudi Arbia. This got me thinking about was a European 360 doable. Even if Switzerland does not work out, air fare to Europe is cheap now. Could find a nice 360 and take a vacation there to check it out. If used, a good PPI. If new, use it there for awhile to debug it. Might be able to find someone there reliable to check it out in exchange for use of it for a month or two. I am sure someone of Ross's caliber could be found. Of course, good insurance.
When I was a US Army Officer, I knew fellow officers who imported sports cars from Europe. They were able to get the DOT/EPA stuff done in Europe. I do not know if this is currently possible. If done in the states, reliable people that others have used should be easy to find. Since they are identical cars, should be little or no conversion costs.
40 ft container to the East Coast is about $2,000, about $2,500 to the West Coast. Could take 2 Ferraris plus other stuff found in Europe: furniture, parts, etc. Deck shipping is even cheaper, but not recommended.
Experienced brokage firm to handle shipping, EPA/DOT, customs, etc. $400 to $500 for other cars. I would expect that to probably remain the same for a Ferrari.
Customs: depends on legal class of vehicle. Brokage firm will help with this. Lowest rate seems to be about 3 %. Not for sure what the Ferrari rate would be, but will find out.
Translations, documentation: about $50
Most embansies (sp)can give certified translations for little money. Needed to register.
So what are your thoughts?
Dave |
Nunja Bitness (Jaxfl)
Junior Member
Username: Jaxfl
Post Number: 83
Registered: 11-2001
| | Posted on Tuesday, June 25, 2002 - 10:18 am: | |
That site site linked below has lots of nice cars posted. If I have the Euro conversion right the asking prices are:
Ferrari 360 coupe $92,000 and up
Diablo 6.0 $124,000
Lotus V8TT $27,300
Those are some great prices. I wonder what kind of additional costs are involved in getting them here and having them made street legal. |
ross koller (Ross)
Junior Member
Username: Ross
Post Number: 148
Registered: 3-2002
| | Posted on Tuesday, June 25, 2002 - 9:33 am: | |
dave, prices over here (meaning europe) vary widely. but that being said, the cheapest are usually found in italy and germany. the german cars worry me a bit since, they usually have been driven very enthusiastically vs the italian ones which have usually been owned by older affluent types. the prices are around $160k from what i have seen recently for 99's and 00's, sometimes less.
check out this website
http://212.141.72.210/web/asm/Action.lasso?-database=ASM.spaziRV.fp4&-layout=DEV&-response=%2fweb%2fasm%2f09list.lasso&-op=bw&SPOnLine=Si&-op=bw&SPSerieID=SE213&-skipRecords=15&-maxRecords=15&-sortField=SPorder&-sortOrder=ascend&-sortField=SPmdmonth&-sortOrder=descending&-sortField=SPmarca&-sortOrder=ascend&-sortField=SPmodello&-sortOrder=ascend&-token.tipo=1&-doScript.post=banner_trova01&-search
and i am sure that there is some reputable company that can ensure some kind of decent service to rbing it over to you and clear all the documentation.
i am like you in liking to keep the cars for a while. as long as you buy at the right price, you don't really lose out since they eventually get caught up by inflation anyway. so re-sale is not so important. plus what you save, makes selling it on at a lower price than a usa car, come out to the same equation anyway, just lower numbers. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 238
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 9:07 am: | |
I am probably a little different than many people on the list. I do not really enjoy the car buying and selling process. I enjoy the driving and having fun.
I would rather collect life experiences than possessions. My ego does not need 30 Ferraris and I do not feel a need to impress people with 30 Ferraris. I would rather impress people with who I am.
Like Sam Walton, founder of Wal-Mart, the last new vehicle I bought (besides an airplane)was in 1976. I sold it at 300,000 miles.
I generally get something I like, keep it, and keep it nice while using it.
The 3 Ferraris I like are the 308 S QV, 348 Spider, and 360 Spider. I can only afford the 360 Spider if some things work out and it is a stretch. I think each of the 3 is unique in a different way.
If I get a second Ferrari, would consider something like the 400/412/TR for the experience.
Since I travel very much, it is easy for me to keep different vehicles at different locations.
Frank, how is your 348 doing? Hopefully not bad.
What are the brokers and conversion shops that are recommended?
Have a great one,
Dave |
Frank Parker (Parkerfe)
Intermediate Member
Username: Parkerfe
Post Number: 1003
Registered: 9-2001
| | Posted on Tuesday, June 25, 2002 - 8:25 am: | |
All this anti-euro car crap is all FNA propaganda. There is no real difference in the U.S. spec and euro spec cars. The only thing you lose is the warranty and some resale value on a short sale. After 5-10 years the resale difference between a U.S. spec and euro spec car disappears. Look at the market differences between a U.S. and euro spec 308 or Daytona. None ! If you plan to keep the car longer that 3 years or so, go for the euro spec and save the $50k. It will be the ones that paid over MSRP for a U.S. spec car that will be crying in a few years, not you ! |
russell rosenblum (Rosenblumr)
New member
Username: Rosenblumr
Post Number: 11
Registered: 6-2002
| | Posted on Tuesday, June 25, 2002 - 8:17 am: | |
When you bring a car into the US, it must stay in the conversion shop until EPA and DOT complete certification.
Many of these shops have been known to quote one price and then "extort" more money to finish the process. If you dont pay, they dont finsih, and you basically cant take the car away from them to bring it somewhere else because the US government will not let you.
So they basically have you by the b****.
In addition, dealer shops are mixed as to whether they will work on the cars. Also, it appears FNA may give a run around on service saying that it needs different parts to service. This could cause longer waits to get the car. Obviously there is no US warranty.
Still I am the first to admit that the car is the same, and FNA is playing games, still there games seem to be working.
As to resale, I have bought 3 cars in the past I would "never sell." Yesterday I sold the third. I always want the option to sell a car, and when I do I always hope for the best resale possible. If I had a spyder now I am sure I would "never sell it." Until I sell it. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 237
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 8:05 am: | |
I do not understand the hastles - please give more details.
Mercedes makes a pickup/truck called a Unimog that can go where other 4WD vehicles cannot go. New they run $150,000 plus.
I am buying a good one from German military surplus. The paperwork is being handled by a broker who has had experience with these and comes highly recommended. Fee: $500.
Fourty foot container delivered to my door is just over $2,000. Might have some extra space in the container if someone wants to share the costs.
I am going to have a custom go anywhere motor home made from it.
It seems that a 360 Ferrari if used for awhile in Europe to get the bugs out and then imported using professionals with a checked out track record would be low hastle and low risk.
If I buy it, it would be a keeper even if I get other Ferraris in the future. I love the looks.
So resale is not as strong a consideration.
Where am I wrong?
Ross, how does the list price in Europe compare to the list price in the US? How is the supply in Europe? Are they selling for list or above list in Europe?
Thanks, Dave |
russell rosenblum (Rosenblumr)
New member
Username: Rosenblumr
Post Number: 10
Registered: 6-2002
| | Posted on Tuesday, June 25, 2002 - 7:33 am: | |
I got the same email. I hate to say it but 50 over is to much for me anyway. There is something about breaking the 200K barrier on this car that bothers me. I would probably buy a US Spyder at 190-195 if new and complete.
AS to Ross's post of "why not buy over here for 160" I am assuming over here is Europe. There are many hassels with euro conversions, and you never seem to get the money out on resale.
I get my coupe in less than a week and my spyder in 18 months to 3 years.
|
ross koller (Ross)
Junior Member
Username: Ross
Post Number: 147
Registered: 3-2002
| | Posted on Tuesday, June 25, 2002 - 7:25 am: | |
with prices like that, why don't you guys simply buy them here at around the $160k area, and import them yourselves. i know its a hassle but $50k savings is sweet. |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 236
Registered: 8-2001
| | Posted on Tuesday, June 25, 2002 - 7:16 am: | |
For those who are interested, received this email this morning:
--This is the message header--
800-665-4303 360 Spider Specials:
This week we are offering a 2003 U.S. 360 Modena Spyder Build spot for
November build.
The Ferrari can be spec'd any way you would like.
The cost of the brand new 2003 360 Spyder with expected delivery in
December is $50000 over list. For example, if you would for some reason
like a base car, you are looking at a price of about $210,000 in
comparison to the market price of $260,000. Call 800-665-4303 as we only have
one spot left to skip the four-year waiting list and order your car
today from Ferrari.
2) We have a fully loaded 2002 360 Spyder US F1 Titanium with a Black
interior with an MSRP of 186,000 that is ready to go at a price of
$257,000!
We also have many European 360 Spyders and Coupe that are ready to go.
Coupes- Black, Silver, Blue $130,000 - 150,000
Spiders- Silver, Red $185,000 - 205,000
Ferrari F60, McLaren, Porshce Carrera GT, Mercedes SLR, Ferrari F50,
Ferrari F40, Diablo, Barchetta, and the list goes on of what we have!
Anything you want we have. Just give us a call today and we will take
care of beating our competitor's prices and sitting you into a showroom
sports car at wholesale pricing.
Please do call:
800-665-4303
Sincerely,
HighlineSportsCars.com
|
Steven J. Solomon (Solly)
Member
Username: Solly
Post Number: 298
Registered: 6-2001
| | Posted on Tuesday, June 25, 2002 - 6:29 am: | |
Back before Ferrari's petition to ban 360 imports due to "substantial differences" from the US model was overturned, I was offered 2 Euro 2001 Spyders, fully converted and documented, for $169,000. This was in March.
The recent Ferrari Market Letter shows US version Spyders still firmly in the $250,000-$280,000 range, but also shows Euros at $220,000 to $240,000.
It seems that the additional availability of Euros has not hurt US version prices, and that Euro importers and converters are now making a fortune on these imports. Obviously still strong demand for any type of Spyder. Free market capitalism wins again. I love this country. |
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