Buying A Ferrari In Not Your Home Province.

Unless you're a trust fund baby, or you're one of those teenagers who developed an app that you sold you Marissa Mayer for a ****zillion times more than it's really worth, I'm here to tellya that you will not be buying a Ferrari when you're 17 or 18 "or so".

OK, so what is you're next (hopefully) realistic question?

 

New car? Used car? Condition? That might determine whether you drive it home or have it shipped. Check with the motor vehicle branch and an insurance agent in PEI. You should be able to use a temporary permit / plate and insurance but requirements could vary from province to province. I imported my car from Washington state to BC. I drove it home. I used a Washington state temporary registration while in the US and a BC temporary insurance policy provided insurance while in the US and then both insurance and temporary registration once I crossed into Canada. All quite simple and seamless. Ontario or Quebec to PEI can't be difficult. There is something exciting about driving your Ferrari home, even if only 250 km, as was my case. Good luck!

 

Hmm, can't speak for PEI but in Vancouver there seem to be a large number of teenaged guys with very expensive cars. Rich absentee parents? Now it's old news: Thirteen rich young drivers fined $196 after swanky street race (with video) - News - Surrey Now

 

I'm going with C, your plan has a major flaw. You need to focus on acquiring at least 19 credit cards first and foremost.

 

Well, from your opening sentence, your plan demonstrates a serious lack of research. You're missing a few official Ferrari dealerships in Canada, including Calgary and Vancouver. Not a big deal, but when you start with absolute statements that are absolutely wrong, it's not a great start.

You want a new Ferrari in 3 years? Place your order now, cash up front. Otherwise, 3 years isn't going to happen.

Again, much more research required to eliminate serious flaws in your "plan".

 

Ok... here's something you need to understand.

Responding to someone who takes the time to answer with the tone and timbre of your response above will not win you any friends on this board.

And, if you don't have any friends, you won't be able to stay long.

I'll make sure of it.

Calling Dawg an 'old man' was unnecessary, and uncalled for. Especially since he's younger than I am.

Be warned. If you're going to be an ass, then your account will be banned, and you won't be allowed on the board.

Mike

 

Wow, according to article, basically the police impounded their cars without any legal evidences, just based on some phone calls. I have some experience to share here, when you drive a Ferrari in Vancouver, like it or not, out of 10 people look at you, about 7 will hate you for no reason. If you drive 20 kmh over speed limit, they will call it excessive speeding. But everytime I go to Stanley Park, I see bicycles doing 60kmh and nobody call that excessive cycling.
If you drive it slow but loud, they will call it annoying. But lawnmowers are louder and being operated next to their house for longer period, I have never heard anybody complains about lawnmower.
If police seizes my car because of somebody reported me driving over 200kmh while I never did that, I will sue that guy for a false report, and police who received the call will have data about the caller, that way I will bite him back, hard, and long.

 

Well first off, calling someone "old" isn't very nice. When i bought my first porsche at 18, my dealer told me "hey your are young and people will judge you, it doesn't take much to show some class and prove to them you are better". Now for your questions.

You have to be alloted a slot for a new F12 (most likely around 1 year wait). It takes around 3-4 month to build a new ferrari. (1 month to ship unless you opt for $5000 air ship). So staying in toronto for 2 weeks isn't going to help.

A+B) You can get a temporary license in Ontario (cost around $130), last 6 days at which point it expires (enough to get you home). As for insurance, you will need it for the temporary license. You can get yourself insured in PEI, just tell them you will be driving the car through Ontario, Quebec, etc (shouldn’t be a problem). Getting yourself insured could be a problem, i had a hard time with my first masi (due to age). so talk to insurance companies before you buy the car.

C) I would suggest you fly to Toronto twice, one for ordering and one for delivery. It is an experience. It makes ordering easier too if you can see the other F12 in the garage. Now of course you can also do everything through email or phone (I did that for my 458 spider) only because I saw a couple and knew the options. As for driving it back, like I said before, insurance isn’t a problem. I would suggest ship (not sure price to PEI but probably like $1700). I found the pot holes, stone chips, bugs, rain and night driving makes it not worth it plus your putting alot of km for boring drive. Also with ship you can register the car in PEI therefore do not have to register for temp in Ontario.

Last advice, tell them not to put front license plate (required in ontario), you don't want holes in your new car.

 

Also if you do buy it and pick it up in person (suggested). You get to meet Remo Ferri (owns ontario and alberta dealerships) and loves to talk car. He sits down and chat with all customers on delivery espically its your first time.

 

I never get any insurance for my Ferrari or other cars, only get the basic.
Just make sure you don't follow too close and install a good dash cam in your car, that's it. Insurance for Ferrari is crazy, I've been quoted $12k for a year. Even the basic alone is almost $3k. Insurance companies principal is GST (Go Squeeze Them).

 

Dear Peppermint Patty:

GET OFF MY LAWN!

 

Anybody can buy a Ferrari. They cost from 10k to millions.

 

I wouldn't be so quick to insult a long standing member who, by the way, is a multimillionaire arms dealer (a lot of those on here, btw, just in case you were thinking about throwing out any more insults).

 

Buying is one thing. Maintaining it is an entire other matter.

 

And don't forget Artist, a painter, I think.

Bernie is right... I've had two Ferraris, a 348 and a 355, and maintenance costs can add up quickly.

Mike

 

Answer.

D) None of the above.

Finish school, establish yourself, and when it comes time to buy, then you deal with it.

For now, enjoy today.

 

You are rude.

 

Also true but I believe he only does art on occasion.

 

Am I reading and understanding this correctly??? No insurance???

 

True, but in my case I enjoy sculpting on occasion now... I figured there was only room for so many multimillionaire arms dealers who like to paint on occasion (such as yourself), so I switched.

 

You must be paying attention to the prices my latest paintings have been fetching at Sotheby's Evening Sales. I don't blame you for switching.

 

In response to some posts that mention old men, Ferrari-haters and costly insurance. 1) I'm old - got my first Canada Pension payment before I got my first Ferrari, 2) I've not encountered a single "hater" but then I'm just driving "not red" 328 with stock exhaust - mostly, if anyone notices at all, I get a thumbs-up or friendly comment and 3) my insurance with BC collector plates - $5 mill TPL, $300 coll ded / $300 comp / $200 windshield deductible - only $813.

With the insurance premiums for "own damage" coverage on new I can understand why someone might choose to self-insure. But I strongly advise carrying more than "basic" for third party liability coverage, which is only $200K, even if one has good driving habits and a dash-cam.

 

Wait you paint?>???

Crap. I thought you did origami so I started doing the painting so that we arms dealers would not cross connect in our private hobbies.

Well dang now one of us has to switch.