Shanghai Ferrari owners? | Page 11 | FerrariChat

Shanghai Ferrari owners?

Discussion in 'Asia' started by mahwon, Nov 4, 2007.

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  1. SFchallenge

    SFchallenge F1 World Champ

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    Well, most of em aren't too well versed with English, much less a Ferrari based forum. U'll find that your Mandarin improves a lot faster living there!

    I have a strong feeling that the important historical cars will find their way there in the next few years when they get tired of modern stuff. Just hope that they have the same motto as the Japanese in maintenance!
     
    SFchallenge, Apr 21, 2010
    #251
  2. ferrari_jjc

    ferrari_jjc Formula Junior

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    Out of curiosity, any local automotive forums in Chinese?
     
    ferrari_jjc, Apr 22, 2010
    #252
  3. mahwon

    mahwon Formula Junior

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    Probably not soon.
    I was talking to the collector who bought 2 Zonda Cinque from Hong Kong and owns the China Zonda dealership, the current regulations does not allow or it's extremely difficult at least, to import vintage/historical cars. That's why even hardcore tifosi with huge Ferrari collections in China do not own cars like 288GTO and F40.
     
    mahwon, Apr 22, 2010
    #253
  4. mahwon

    mahwon Formula Junior

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    Yes, this is a main one:
    http://www.xcar.com.cn/
    It has sections for all major makers/models.

    Are you Chinese? You already live in Shanghai?
     
    mahwon, Apr 22, 2010
    #254
  5. Jon@Tezta

    Jon@Tezta Formula Junior

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    couple months ago my friend introduced me to a guy in dragon-i who he said was the importer for pagani in China now, kind of a heavy set guy?
     
    Jon@Tezta, Apr 22, 2010
    #255
  6. mahwon

    mahwon Formula Junior

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    If he is about 250 lbs, yes its him :D
     
    mahwon, Apr 22, 2010
    #256
  7. Jon@Tezta

    Jon@Tezta Formula Junior

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    Thats him :)
     
    Jon@Tezta, Apr 23, 2010
    #257
  8. SFchallenge

    SFchallenge F1 World Champ

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    Oh that's sad. Btw, what's the official tax duty like in China & only LHD allowed? A friend said that 550 & 360s are very affordable now but problem is the condition & provenance of those cars.
     
    SFchallenge, Apr 26, 2010
    #258
  9. noone1

    noone1 F1 Rookie BANNED

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    Not sure about taxes, but the car prices here are astronomical. I saw an R8 V8 at Plaza 66 for 2.5MM RMB. That's like $360K, or about 3x what I paid back home. In China, exotic cars are for the rich. Back home they are for the wealthy.

    Anyone know what the depreciation is like in China? Even if you spend 3x as much, you sell for 3x as much too, so it's not so much of a net loss, I guess. Though with the money that is involved in exotics here, I imagine not too many people would care to save money by buying used. If you are going to spend $700K on a car, I'm guessing money is no object, and there isn't much interest in a used car.

    I also don't think your Chinese will improve when living in Shanghai. Beijing, probably. Some 2nd tier city, for sure. Downtown Shanghai? Not a chance hehe.
     
    Last edited: Apr 27, 2010
    noone1, Apr 27, 2010
    #259
  10. SFchallenge

    SFchallenge F1 World Champ

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    I'm in Northeastern China once in a while. Yes, 2nd hand cars seem to be not on anybody's radar! Everyone just buy it new here so I wonder if they just add on or 'export' to another county. I heard it's 300% duty but there are ways going around this depending on who handles it.

    Actually, the luxe car tax is pretty much similar across most Asian countries. Korea & Malaysia are pretty high as well.
     
    SFchallenge, Apr 27, 2010
    #260
  11. Jon@Tezta

    Jon@Tezta Formula Junior

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    Japan seems reasonable for high end cars.

    I agree about everyone buying new, 2nd hand car market must be pretty good there since everyone who has the money just wants a new car.
     
    Jon@Tezta, Apr 27, 2010
    #261
  12. mahwon

    mahwon Formula Junior

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    In the nutshell, the imported car price, is roughly 2.5x of North America price.

    For example, F458 base is 3.888 million RMB, which is 570k USD. 599GTO is 5.9088 million RMB, which is 866.4k USD.

    Considering a college graduate working a white collar job earns few thousand RMB per month, the car price is astonishing, if one can afford it, they are not earning money the "conventional" way, and they definitely don't care to buy used.

    That being said, there is still a 2nd hand market.
     
    mahwon, Apr 28, 2010
    #262
  13. mahwon

    mahwon Formula Junior

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    Last edited by a moderator: Sep 7, 2017
    mahwon, Apr 28, 2010
    #263
  14. noone1

    noone1 F1 Rookie BANNED

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    So then the second hand prices are high or low?
     
    noone1, Apr 28, 2010
    #264
  15. SFchallenge

    SFchallenge F1 World Champ

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    Nice. Very nice cars there! & yes, are the used car prices down by 30% or?

    Wait till u guys hear the price of a spec-up F458 in Singapore. USD725K :eek: but on avg u lose about USD70K/year for first two years.
     
    SFchallenge, Apr 29, 2010
    #265
  16. Jon@Tezta

    Jon@Tezta Formula Junior

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    They just keep the cars outside?
     
    Jon@Tezta, Apr 29, 2010
    #266
  17. deluboz

    deluboz Formula Junior

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    They probably wash it everyday LOL :)
     
    deluboz, Apr 30, 2010
    #267
  18. noone1

    noone1 F1 Rookie BANNED

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    Yes. No need for the expensive metallic paint. You just let the air in China circulate a little and pick up the debris from it.
     
    noone1, May 1, 2010
    #268
  19. mahwon

    mahwon Formula Junior

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    the 599 China edition #1 auctioned car, spotted on street in Shanghai.

    It looks like it will break into pieces when hitting a pothole :D
    Image Unavailable, Please Login
     
    Last edited by a moderator: Sep 7, 2017
    mahwon, May 5, 2010
    #269
  20. mahwon

    mahwon Formula Junior

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    Last edited by a moderator: Sep 7, 2017
    mahwon, May 5, 2010
    #270
  21. mahwon

    mahwon Formula Junior

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    mahwon, May 5, 2010
    #271
  22. noone1

    noone1 F1 Rookie BANNED

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    That area is a ghost town. I can't believe there is such an expensive hotel there.

    Meh on the China 599's. I'd rather the GTO.

    Have seen a bunch of cars out lately. Nothing too special though. Few 640, 560's, Scuderia, 430's and 911's.
     
    noone1, May 7, 2010
    #272
  23. djh4570

    djh4570 Karting

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    I just wondered if anybody has dragged themselves off to Expo yet ? If so and you visit the Italy Pavillion (which is probably the best one there in my opinion) you will find the green 599 Hybrid KERs experimental car on display freshly rushed down from the Beijing motor show.
    If i can work out how to downsize the pics i took i will upload them onto this site if anybody is interested.
    I have kept an eye open since i got here a month ago for interesting vehicles but other than a couple of camens a 911 and 2 red 430s nothing else. Oh and about 500 very boring Cayens they seem to breed like rabbits here in China.The only other Ferrari i have seen so far was a really nice Yellow 430 Scud in the workshop behind the Chong Qing dealers last week getting some paint done.The show room is empty as usual except for the Masserati's.
    Is anybody heading into watch the F1 race at Malones American bar or similar Sunday evening ? Shout out if you are.
     
    djh4570, May 8, 2010
    #273
  24. djh4570

    djh4570 Karting

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    Last edited by a moderator: Sep 7, 2017
    djh4570, May 9, 2010
    #274
  25. noone1

    noone1 F1 Rookie BANNED

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    Yes, the Cayenne is probably the best selling car in Shanghai. Given the choice, I think I'd opt for the Toureg just so I didn't blend in so much.

    I saw a hideous G wagen today. Black with three orange stripes down the center, orange stripe on the wheels, and some other orange accents.

    It also said "richbaby" in glittery letters on the front windshield and back. Funny enough, it wasn't even the G55. 'Kindarichbaby.'
     
    noone1, May 10, 2010
    #275
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