Prices dropping in Italy

No question Italy Exotic prices are falling.

Keep in mind Italian F 40's are a bit higher mileage and used harder than those in the US.

If you don't mind one that's a bit beat up you can find one for a lot less than in the US.

 

I'd be curious what current US prices are then?

 

Italy has always legislated its somewhat older premium cars out of the country.

Then, years later, they wonder why all of their creations now reside elsewhere.

For example, back in the 70s and 80s their registration (the infamous bollo) was fixed at the time when a car was new. So, if the registration on a new 1965 Ferrar1 275 GTB weas $900 per year, that was what it would cost forever. (and - as an aside - if the engine had more than 2000 cc the price doubled - hence the startospheric $900 per year). Now in the late 1970s, $900 was a very good monthly salary in Italy. So, a normally middle class person could not own a 1966 Ferrari because they could not pay a month's salary to register it. The rich people sold off their old cars and bought new ones...no one in Italy could afford to register the old ones...so they sat in barns until Americans went over there and bought them and brought them back to the USA. Where the registration for a 1965 Ferrari might have been $100 per year at that time (late 1970s). And where we were making twice as much per month as the same level Italian.

Hence, older cars were worthless in Italy at the time an d they all got exported out of the country. Until there were none left.

For example - I remember the rattiest (but it ran and was all there) Miura of all time (cigarette burns all over the carpets) being for sale in Italy in the late 70s for about $1,500. Price was doubly low becuase it was a '69 which made it difficult to import to the US.

So, it sounds like the same thing is going on now. Italian laws are depressing Italian prices and as a result cars are being exported. Nothing new.

 

Good to know that my 512 BB is not on the list

But the average price is still very low (around 100k € for a nice car) compared to the Daytona or the Dino...

 

So, it sounds like the same thing is going on now. Italian laws are depressing Italian prices and as a result cars are being exported. Nothing new.

Sad and extremely true.

 

Not quite. This is very specifically happening because of the Superbollo.

This annual tax is charged at €20 per kW for anything over 185kW. It doesn't apply to registered classics over 20 years old and there's a sliding scale for cars older than 5 years.

 

In the meantime, it's not the handful of supercars that are making the air in Rome un-breathable, but the kazillions of little Fiats. Socialist b*llsh*t.

 

The other factor is the increased controls made on expensive looking cars.
This started some months ago in Milan and other turistic areas.
If you're driving anything above the Italian average car you could be stopped, and they'd check your financial situation to see if you can afford owning that car.

Who is not ok with the taxes agency can't risk driving around anymore.

Lots of cheap cars then, especially if you're willing to pay cash.

 

Indeed, lots of people getting caught in Porsches and Ferraris who are declaring an income of less than 30,000 euros annually.

Another factor is that even the "honest" people who own these cars are tired of getting harassed by the guardia di finanza so they are selling them which only drives down prices due to availability.

Those who keep driving these cars in Italy nowadays actually have a copy of their tax returns on the passenger seat in case they get stopped. Crazy!!!

 

If you pull up the Canadian RCMP website their first order of business is to protect the Canadian Governments revenue stream.

It still seems bizarre when you actually see things like that in this country.

Incidentally, our last three leaders have been put on trial for theft!

Yes this is Canada (not Kenya, or, Congo)

 

Italians Say Goodbye To Ferraris As La Dolce Vita Expires
http://www.bloomberg.com/news/2012-08-13/italians-say-goodbye-to-ferraris-as-la-dolce-vita-expires.html

Not expected to return to pre-crisis levels until 2016.

 

This almost happened to me when I drove my Ferrari in Italy earlier this year. When the police saw my foreign license plate they let me through.

Is this maybe a solution: drive around with foreign plates?

 

Maybe that's why the Club Ferrari Italia 25th anniversary event at Fiorano only had about 20 cars present, not the hundreds predicted.

 

The problem is not only economical, the huge taxation or the victimization of exotic car owners. The stigmatization will exist long after all else is forgotten.

 

Any Italian website out there in English like autotrader.com/mobile.de?

I would be interested in comparing F430 prices Italy vs. Germany. But as I understood it from last time this topic was discussed, the sweet deals are to be found amongst private enthusiasts, not online advertising...

 

It is happening already, renting long term cars from Germany.
If you already have a car and want to keep it, some companies will buy it, and then rent it.
The car doesn't even have to move and they'll send the new plates by mail.

Driving with German plates also means no tickets from speed cameras, as the German law requires the driver to be recognizable in the picture and Italian cameras don't take picture which show the face of the driver.

All this is now completely legal and easy to do as you don't need to live or work in Germany.



An Italian website which I believe is among the most crowded is http://www.autoscout24.it/

Here showing F430 only http://www.autoscout24.it/ListGN.aspx?atype=C&mmvmk0=27&mmvmd0=18547&mmvco=1&make=27&model=18547&pricefrom=1000&cy=I&ustate=N%2CU

 

Thanks!!