F50 GT for sale

This is one of the most interesting things in the market right now ...Just saying..

 

Andrew

There are a lot of very interesting things for sale these days...

Best

 

''I know the drive to the restaurant is about 3x as quick in the 430 than with the F50GT darling, but we need to avoid a speed hump!''

 

LightAuto1 have added F50 GT #003 back to their Stocklist. Looks like they want just under $3M USD for it. If only...

http://www.wintel.co.jp/wintel/owa/pspe_stock_detail1?in_categorize=0&in_group_id=&in_shopno=638-1&in_carno=127

They are using the same photos from the last time, before anyone gets too excited. Just wanted to get the word out to anyone who is capable of being seriously interested.

>8^)
ER

 

^^Hmm, back on page 5 when Jim said you have to tack on [2.5% for] import tax...it got me thinking. #003 was already imported into the US by Jim Spiro (correct?) down in N.O. If it were to be re-imported into the US, would the new owner have to pay the import tax again? Not sure how that works.

 

Correct - this was Spiro's car originally. No idea about the tax though.

>8^)
ER

 

Yes.

 

I traveled to Japan and inspected this car first hand. It is a beautiful machine. I have lots of photographs of the car, I'll post some shortly if you like. The same dealer has an F40GTE, 250 TR, & McLaren F1 LM all in storage. And F50GT would come back into the states as a race car and tax would be exempt, It would only require 2.5% Customs Fee.

 

Hello Mario - I am sure I speak for many in saying that we'd love for you to share your photos of this F50 GT. As there are only three of them, good quality images are quite hard to come by.

Let me know if you have any difficulty with the attachment process here. I'd also be willing to host them somewhere for everyone if you want to send them direct to me via email.

>8^)
ER

 

I would be very careful about giving tax advise especially advise that is wrong. Race cars brought into the US not involved in Interstate and Foreign Commerce are NOT State Tax exempt.



"Are purchases brought through U.S. Customs subject to tax?
Generally, use tax applies to foreign purchases of tangible personal property brought into this state for storage, use, or other consumption. The Board of Equalization has the authority under Revenue and Taxation Code section 7054 to audit duty declarations which you fill out and report to U.S. Customs for property first entering into the United States. However, there are some tax exceptions allowed in the law, subject to verification. The following transactions are not subject to the use tax:

Effective January 1, 2008, the first $800 per person of tangible personal property hand carried into this state and reported on a single declaration. The exemption may be taken only once within any 30 day period (Revenue and Taxation Code section 6405). Prior to January 1, 2008, the exemption was for the first $400 per person of foreign purchases hand carried into California within any 30 day period. This exemption does not apply to tangible personal property sent or shipped to this state.
All merchandise purchased for resale, provided you can support that the property will be resold by you and no personal use has been or will be made, other than demonstration and display.
Items purchased for use outside California are not subject to tax if you can document that the ultimate destination and use will be outside this state
Foreign purchases of property used outside California for more than 90 days before entering this state. Different rules apply to the purchase of vehicles, vessels, and aircraft. For more information, please see Regulation 1620, Interstate and Foreign Commerce.

Gifts you received while abroad are not subject to use tax. You must provide a signed letter from the donor describing the gift and verifying that no consideration was received. Please note that you are the consumer of items you purchase to give as gifts and you owe use tax on your cost of such merchandise if it exceeds the exemption amount noted above.
Other exempt purchases such as food, prescription medication/eyeglasses, or any other exempt transactions as allowed by the California Sales and Use Tax Law. Each claim for exemption must be clearly explained.
Please note: Federal import duties or taxes are imposed under United States Code, Title 19, section 1505(a) and have no bearing on the application of California sales or use tax. The fact that a certain purchase is exempt from federal duty does not exempt that item from California use tax"

 

Jim you are a very wise man.

 

Here are the Use Tax Rates in the US. Also note that US Customs DOES pass on information to State Tax Authorities on every item imported into the US and Custom duty paid thereon.

http://www.bankrate.com/brm/itax/Edit/state/profiles/tax_story_090700a.asp

 

GTR

 

I was about to say...WOW! Almost flipped out to see LM2 in storage ready for sale or something, lol.

 

Actually LightAuto1 have an F1 road car at the moment - chassis #051. The GTR they had was #28R and it ended up in BingoSport's inventory now. Their road car is also for sale, but not actively being advertised and perhaps the asking price at somewhere near $3M USD will make that a very slow transaction.

>8^)
ER

 

+10000

I'm always happy when new photos of these cars pop up.

 

S/N 003 was in Australia for a while. It only ran once at Phillip Island, looked and sounded great; but it wasn't particularly fast. The owner does know how to drive, ran and drove in his own team with some success.

 

GTR was for sale, LM was in storage ;-)

 

Here are a few, I'll post more or have Erik host them for everyone.
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Very nice. High five!!!

Please keep them coming! Like Erik (Peloton25) was saying; lot's of us FC's are interested in the F50 GT. Such a special car, you see. Well, you know, coz you DID see one in all it's glory. Please do the right thing here and make loads of people very happy... Merci!

 

Great start Mario - those pics are excellent! Let me know if you have questions after reading my PM about photo sharing options. I am happy to help!

BTW: That car is way too clean - someone needs to buy it and get it dirty.

>8^)
ER

 

Interesting to see the car is not on slicks.

 

Here a few more... I'll try and host them but I am not familiar with the process....Enjoy these for now!
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Any idea of the asking price ?

 

http://www.ferrarichat.com/forum/showpost.php?p=139189910&postcount=95