I'm not sure if this is a repost but I saw this on another forum. Apparently, it is for sale in Texas with a "clean" title. Image Unavailable, Please Login
In the other thread, the value of this car is debated. Jim offers a likely price tag of $800,000; someone else throws out $700,000; then the wholesaler gets on and says it's on sale for $1.2 million. Sheehan wrote a very interesting piece about this car in the June 2007 Sports Car Market in which he says: The reality is that the Daniel Sadek Enzo is a high–mile driver. It has been in the local Ferrari authorized body shop twice—that I know of—for lesser repairs and is not without stories. For example, I was doing a test session in a late–model stock car at Irwindale while “Redline” was being filmed, and the Enzo was parked in the back lot. It was left in the parking lot at Irwindale overnight and vandalized when someone threw a large rock through the windshield. It was also used as a stunt car in the filming of “Redline,” and had unquestionably been used hard and put away wet. Bottom line, I sell Enzos for a living and, given the number of “no–questions” Enzos out there, this Enzo was worth some number south of $1 million prior to being crashed by Eddie Griffin. I wonder what this car will ultimately sell for. With its non-factory bodywork and its previous "stories" as mentioned by Sheehan, I wouldn't be surprised if the car being discussed here is the least-valuable Enzo in existence...
Apart from supply and demand, things that affect the car's originality or longevity or performance or structural integrity should affect the price. Sometimes, celebrity ownership or historical significance plays a factor, too. Rocks through windshield? If the windshield is replaced with a stock item by a competent party, per original factory specs, it should not amount to anything more than a note in the logbook. Was the interior not cleaned out? What could the problem be? I doubt a few hot laps around a circuit would cause an Enzo to even break a sweat. Turbos and conventional brakes require adequate cool-downs. The Enzo has neither. The well-publicized accident should affect the car's value, but that's it. Other than that, it's purely a question of supply and demand. A lot of fusspots need to get over themselves.
Thanks for the link, will be interesting to see what it takes to get the car to sell. Also if a mod is around would it be possible to merge the two threads?
Looks like a red-neck sports car with all the unpainted body panels! I hope they intend on painting it before they sell it. Although it is very artsy. _J
Sheehan's article is absolutely REQUIRED READING for all the "aww, dude, the car is totalled!!!" crowd. Problem is, as is often the case with damaged Ferraris, the owner takes the car to a crap bodyshop to save a few dollars and ends up losing even-more $$$ in diminished value. Had he taken the car to an Authorized Ferrari bodyshop or Karrosserie, the car would be completely as-new and retained $$$ from diminished value.
In terms of resale (IMO) this is a disposable Enzo. If I were in the market for this and I could get it in the $700k range...I would buy it and use it as my "beater" exotic. Send it off and have a turbo system fabbed for it. If you plan on tearing into an enzo or modifying one considerably this would be the one to start with
I would love to have that car as my daily driver. I wouldn't feel *as* bad about driving the hell out of it and parking it in places that I wouldn't otherwise park an Enzo. I wouldn't be paying $1.2m for it though..
At some point the will definately sell. Maybe to a owner who only knows "front end was repainted" ..otherwide care is great!!! (Per salesman) OR the car will goto the Middle East or Russia ..and new owner will know nothing of the history. Thanks, UZY
Why not get the repairs re-done at Ferrari and get it certified through the Modena factory program. "Clasique" or something. That might bring up the resale.
Look at the poor SLR 722: http://www.matthews-auto.com/PostNuke/index.php?module=InventoryList&make=31&Submit=Search