Diminished value of car I'm looking at | FerrariChat

Diminished value of car I'm looking at

Discussion in 'California/Portofino/Roma' started by Korntera, Jan 9, 2016.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #1 Korntera, Jan 9, 2016
    I'm looking at a California, not sure of year yet, either 2009 or 2010 as it's not on the market, but from a Ferrari dealer. Car had front end damage, I have seen the before pictures and it was just a front bumper replacement. Car is coming in on trade on a new Cali T and has 22k miles. Red/tan all maintenance/service records.

    Thoughts on price/what seems fair. Car is just about lowest listed California I can find but otherwise is in better condition with lower miles just a slight wreck on its car fax with documentation. I know a lot of people wouldn't even buy a slightly wrecked Ferrari but I prefer to drive my cars, I don't need museum examples.
     
  2. MalibuGuy

    MalibuGuy F1 Veteran

    Sep 18, 2007
    5,291
    #2 MalibuGuy, Jan 10, 2016
    The front bumper on the Cali is a fairly large piece.

    If there was no damage to the front lights or the front hood, the car should be fine.

    An experienced body shop will be able to tell you if the front structure is intact.

    To remove the bumper is easy enough for a thorough inspection.

    The car is old and has some miles. I'd offer a fairly low price and not budge. You'll get the car That is if you truly want her. The current demand for these cars is pretty soft.
     
  3. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #3 Korntera, Jan 10, 2016
    So at 109k with 22k miles? Seems very low. I can't find one under 119 and those are in the 30k miles
     
  4. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #4 Korntera, Jan 10, 2016
    I should add this would be replacing my Aston Martin vantage as more of a GT but in Convertible. I have a Lambo Gallardo as my sports car and X5M for an SUV which is why it doesn't need to be the most pristine car, just something fun to drive with the top down.
     
  5. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    #5 SciFrog, Jan 10, 2016
    Do they offer a warranty? I wish you the best but at retail I don't think this will trade below $115-120k without a warranty and if it is documented that just the bumper was replaced.

    The California is perfect for what you are looking for.
     
  6. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #6 Korntera, Jan 11, 2016
    Still finding out about warranty and I have seen before pics, but read above, the car is offered at $109,000 which seems like a great deal considering it was minor documented damage.
     
  7. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    #7 SciFrog, Jan 12, 2016
    Seems like a good deal then...
     
  8. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #8 Korntera, Jan 13, 2016
    Found out more today, car comes with 30 day warranty with extended FCA coverage available. No services needed for 1 year, just a new bumper, no structural.
    Car is a 2010 with red/tan Ferrari combo. Red calipers, all services completed at LA Ferrari dealer.
     
  9. mobiledev22

    mobiledev22 Karting

    Feb 20, 2015
    154
    Boston
    #9 mobiledev22, Jan 13, 2016
    I would go for it if you can get a PPI done that says it's mostly good

    YOLO
     
  10. SciFrog

    SciFrog Formula Junior

    Apr 9, 2008
    566
    USA
    #10 SciFrog, Jan 13, 2016
    Just seems like a low number from a dealer...
     
  11. Korntera

    Korntera Karting

    Sep 19, 2012
    101
    Happy Valley/Bend OR
    Full Name:
    Travis
    #11 Korntera, Jan 14, 2016
    No kidding, it seems to low to pass up for a car they are certifying. But they said a lot of people wouldn't even touch a car with a new bumper. The car isn't in their showroom so they are essentially flipping it so nit as much overhead for them either.
     

Share This Page