LOOKING TO PURCHASE PRIVATE SELLER RED/TAN 430

Looking to purchase rossa red/tan interior f1 transmission only, 2005-07, f430 coupe low mileage only/mint car wanted. cash buyer, top market for right car.( US spec only) email [email protected] or call (772) 473-2308. FL. Wanted to purchase from private seller only.

 

why? I mean why are only looking to buy from a private party? With buying through the dealer you will have piece of mind, and I do not have any coupes right now, so my questions is just simple..no disrespect intended..btw welcome to fchat!

 

If that were only true....

 

10-4 for private sellers. Only way to go IMO.

 

You are right..but buying through rep. board sponsor dealers is another thing..that why they are here supporting the site! Like I said in my last post We dealer sponsor here can not hide, we are in the open, in the public selling the best cars on the market, I can not afford not too...infact I am activly seeking all Ferrair's as I am a cash buyer on the spot for the right cars...

Thats what I ment by piece of mind,

If you shoot hoops all day you know how to make baskets, if you buy Ferrari's all day you know how to buy Ferrari's, same when come's to selling it's all we do...

 

If I buy from a private seller who is holding title I hope to work something out on tax liability. Also I think I will get a slightly better buy purchasing direct from an owner without incuring a brokers, locating/purchase/and profit.( no offense )

 

None taken and you are right about the tax, though there ways for dealers to work that as well...As for purchase price not so much..The fact is the guys with cars are holding somewhat tight! I am a dealer not a broker, so if I here of anyone wanting to move there I will pass the information on to you so that you may get in touch..as a dealer I do not broker cars, unless it is a trade on somthing i do not carry, at which it sells to a another dealer!

 

I looked at a 2005 f430 today at a dealer, It was a nice car... a few minor imperfections, like curb rash under front of nose on each side, and one wheel that had a ton of rock chips/corrosion. Didnt mach the rest of rims, (they were all perfect,) tires were pretty chopped up on the edges. looked like the tires on a car after some laps on a track day so I would purchase the right car from a dealer, but even if you get fair deal, the taxes are a killer. Car was offered to me for @ 225k + tax. not bad price for under 2000 mile car. I would have considered but the interior wasnt quite right colors, and the imperfections were small but noticeable to me for $240,000 otd. It just wasnt THE CAR. The search will continue... if you can help in any way I would appreciate.

 

There are alot cars like that..it blows my mind what dealers will put on the showroom florr as detailed and clean...I will send you a PM somtime tomrrow, if you do not mind and I can go over some options ...but as for the taxes..are you in AZ?

 

Just out of curiosity, what are some ways to reduce tax liability on these?

 

Ways that must go unmentioned

 

I am in Florida. Car wasnt a bad car just wasnt for me, the dealer was pretty cool, took me for a quick zip in.

 

Just sold my 05 F430 Coupe yesterday Private Party.... Had it 3 weeks and decided to sell. I priced it PERFECTLY and it sold in less than 2 hours.

2005 F430 Coupe 6 speed
Red / Tan
4300 miles
Sheild
Power Daytona Seats
HiFi w/ Subwoofer
Ball Polished Wheels
Carbon Fibor
Leather Headliner
Red Brake Calipers
3m Clear Bra
Tint

 

No disrespect to you or Premier as I'm confident that you try and only represent the best. However, quantity has absolutely nothing to do with quality and locating and purchasing the 'right' Ferrari is unlike most any other car.

 

I have not used Chris at Premier yet, but will be soon. He comes HIGHLY suggested by a few close freinds. Will be using him for the next car that will replace my F430 that sold.

 

Silvertt,
As most of us know, the tax angle is that you are going to ask the seller to lower the price in a "second" contract in order to pay less in sales tax. In most states, that is a crime by both buyer and seller. I know this is done all the time but I would never do this as a seller or buyer. Life is too short to play games like this. Just pay the piper and move one.
Al

 

not red but i know of a titanium dark blue F1 perfect car 2800 miles in New York you can buy for $228K no story car. pm me if interested
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buying from a private party is the only way to go. sales tax & registration fees are killer. i don't blame you at all. what george w doesn't know aint gonna hurt him. good luck on your purchase

 

you are buying a $230K car you should be able to afford the tax .

 

I agree but how some dealer do this is they dealer to customer to customer..but I am with everyone else the tax needs to be paid...in flordia I know there other ways but I am just not sure how it is really done..I do not do these deals I just sell the car...

 

There seems to be some confusion for some people in that they think if you sell or buy private party....you are not on the hook for sales tax. In reality...in most states...you are.

Many choose simply not to report it or under report it. And not too many people care if you buy a $25K car and say it was only bought for $14K.

That $7K difference at 8.25% tax is only $578.

Now...if you're talking 10 times that amount....I wouldn't feel so comfortable into thinking you can get away with that.

 

Ever heard of "even trade"? If you can take title that way there is no tax liability, just price of registering tag and transfer of title. But your right, if you can afford a ferrari you should be able to afford the tax. The way I see it is taxes were already paid once when the car was purchased new. Why pay it if there is a legal way of eliminating the tax liablity, working out an even trade there would be no taxes do on sale. You are better off to "even trade" than to lie and put a lower price than you paid for the car on title, that will get you in more trouble that way... Even trade happens all the time, best way.

 

yes then you will have to trade in a car to the private owner of the 430 as an even trade correct? there has to be something that is being traded no? you mean you pay X amount for the 430 to the private party, then take the title and go to DMV to register the car under an even trade? don't you need some kind of documentation to prove the even trade?

 

You pay the tax on the diffrence, so on a trade that is evan there would be no tax...but in any trade up usallyu there is diffrence, the tax is greatly reduced!!!

 

May work in FL, but dosen't work that way where I live. If you buy a car you pay the tax on that car then the trade works like cash downpayment. There is no 'difference tax'. Sorta sucks, but shuts down this tax loophole.

What sorta car do you intend to trade? I would have to imagine that if you were trading a 1995 Ford Explorer for a 2005 F430 as an 'even trade' there's gonna be some raised eyebrows at the DMV.