1st F40 venture. Looking for help | FerrariChat

1st F40 venture. Looking for help

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by 1990ruf, Jun 12, 2013.

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  1. 1990ruf

    1990ruf Karting

    Jun 12, 2013
    214
    Naples FLorida
    Full Name:
    Paul
    Hello. First my name is Paul. I am a Porsche lover, but have decided to dive into a Ferrari F40. I know how helpful guy can be in the forums, so Ive decided to start here with Fchat. This willl be my fist Ferrari. Im attracted to the F40, but have no idea of market value or the in's and out, Euro vs. US and service. Any help is appreciated. Thanks in advance.
     
  2. rblissjr

    rblissjr Formula Junior

    Apr 11, 2009
    495
    Westlake Village, Ca
    Full Name:
    Robert Bliss
    Consult a pro. I am too thinking about going the F40 route. Joe is one of the experts
    Joe Sackey Classics

    Good luck with your journey!

    Cheers,

    Rb
     
  3. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    Thanks for the recommendation Robert.

    Discussion is needed because owning an F40 may or may not be a marriage made in heaven.

    They are extremely iconic, and have become increasingly so over time = higher values as more who have them refuse to let them go.

    An e-ticket Ferrari ride that cannot be duplicated on full boost, it deserves both driving skill & respect.

    Downsides are the low ground clearance, and the effort it takes to climb over the sill and settle into those bucket seats.

    If you are in the USA, only a USA example will do, and this has been much-discussed already.

    Prices can be extreme for the very best cars, and in recent times I have seen everything from $700,000 to $1,100,000 for nice, well-maintained, no-stories examples of varying mileage from delivery miles on up.

    I typically operate amongst my set of collector clients with private unadvertised sales, and I place 6 - 10 cars a year. This year has been typical with 4 so far.

    Do I have one to sell you today?

    Nope.

    But I can always ask one of 40-something people in the USA on my database who have one. The usual response ranges from "if the price sounds great" to no response at all. Sometimes we get lucky.
     
  4. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    By the way I just realized: My first Ferrari was an F40 too! In fact my second Ferrari was also an F40, as was my third. Then 288 GTOs started getting in the way...
     
  5. I<3strippers

    I<3strippers Karting

    Apr 22, 2012
    102
    VIR
    I wish my first F car is a F40.

    Good luck on your search Paul
     
  6. NürScud

    NürScud F1 Veteran

    Nov 3, 2012
    7,308
    Mr Sackey you're killing me. Please stop.

    Best
     
  7. 1990ruf

    1990ruf Karting

    Jun 12, 2013
    214
    Naples FLorida
    Full Name:
    Paul
    Thanks for the response. I have found the F40 I want in Europe. the price seems to be very reasonable with fresh service and new bladders. :) Im going to order an inspection at Ferrari, then I think Ill Fly it to Miami and pick it up. Would anyone know what an 89 with 1700 miles would be worth in today's market? Thanks again.
     
  8. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,676
    South East
    Full Name:
    Jimmie
    Can an 89 Euro be easily registered in the States ?
     
  9. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,481
    Full Name:
    Joe Mansion
    They need to be 25yo to be brought in legally without needing to federalize them.
     
  10. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
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    Joe Sackey
    "If you are in the USA, only a USA example will do, and this has been much-discussed already."

    Well, so much for my advice.
     
  11. 1990ruf

    1990ruf Karting

    Jun 12, 2013
    214
    Naples FLorida
    Full Name:
    Paul
    Why?
     
  12. ross

    ross Three Time F1 World Champ
    Owner Silver Subscribed

    Mar 25, 2002
    38,016
    houston/geneva
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    Ross
    25 years old or older gets you in without epa or dot crap to deal with. so go ahead and buy the 89, but you will have to wait another year at least before it lands in miami.

    btw, have you driven one of these before? if not, then do. it is NOT like anything you have driven before unless you happen to have driven a 917 or perhaps a 935 whale tail in period.

    it is also not comfortable, it is not cheap or easy to maintain, and its primary desire is to kill you.
     
  13. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
  14. ross

    ross Three Time F1 World Champ
    Owner Silver Subscribed

    Mar 25, 2002
    38,016
    houston/geneva
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    Ross
    sorry, that wasnt particularly helpful.
    i will try again.

    if you are in the usa, first stop is joe sackey.
    next thing you need to do is spend some time on this section of the site and look thru all the threads on the f40.
    then you need to at least get somebody to give you a spirited ride in one.
    then you need to drive some other ferraris for comparison.

    after all that, you need to give the whole idea some more thought.

    basically its like saying that you have decided to buy some art, and having tired of some very nice peter doig's, you would now like to buy a significant picasso.

    if your intention is solely to own it, and hold it for a time and then sell it on, joe can help you with that too. if you want to know what its like to own it and use it, you need to follow the steps above.
     
  15. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
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    Joe Sackey
    This is true.

    The F40 is a big commitment in both in terms of maintenance & responsibility. I recently sold an F40 for a kind gentleman who was smart enough to decide that he better sell it before he hurts himself or others.

    Its a very raw car, for special occasions when you are feeling up to the task of controlling its not inconsiderable performance capabilities. If you don't consider it in those terms, ownership could become a let-down, or even a hassle.
     
  16. 1990ruf

    1990ruf Karting

    Jun 12, 2013
    214
    Naples FLorida
    Full Name:
    Paul
    Im still having a hard time understanding why they are less desirable, since they were originally designed for the euro market, then modified to meet EPA & DOT here. One would think the "purists" would appreciate the euro versions over the US versions. IDK... Just a thought.
     
  17. kverges

    kverges F1 Rookie

    Nov 18, 2003
    3,179
    Dallas
    Full Name:
    Keith Verges
    I am surprise to see European prices much lower than US cars and remember you still have duties and what may become significant shipping and forwarding fees
     
  18. ross

    ross Three Time F1 World Champ
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    Mar 25, 2002
    38,016
    houston/geneva
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    Ross
    the value differentials between usa and euro cars will vary. currently the age makes the usa ones more easily collectable for you, and then there are a few spec differences that can be argued to advantage the usa versions - altho you can do the same on the euro versions if you like (thinking aluminum tanks for example).

    eventually, once the euro versions can flow freely into and out of the usa, the value delta will not be such a big deal, imo.
     
  19. Jason Crandall

    Jason Crandall F1 Veteran

    Mar 25, 2004
    6,375
    ATL/CHS/MIA
    Full Name:
    Jason
    The answers you're getting apply to pretty much every car imported from Europe. It's not F40 specific. I feel you have a lot of research to do before you start importing cars and this is separate from the F40 research you should be doing also.
     
  20. ross

    ross Three Time F1 World Champ
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    Mar 25, 2002
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    Ross
    btw, given that you have not filled out your profile, we dont know much about you in order to tailor our advice...but from your chosen handle, are we to infer that you might have a yellow bird?
     
  21. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,481
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    Joe Mansion
    I agree. The Euro F40 is lighter and since we are talking about F40's here and no a BMW m6 or a Bentley, lighter should mean better. They also sound better stock in Euro guise but that is easily corrected with a Tubi or Tubi LM. Finally, they look better without all the rubber added around the car.

    Maybe the main reason would be that the car will be a grey import and parts might be more difficult to obtain. I am not sure if that would apply to the F40 but i was told that US dealers would not order parts for your Euro Vin Ferrari..
     
  22. Birel

    Birel Formula 3

    Sep 12, 2005
    1,953
    Brisbane
    Full Name:
    Andrew Turner
    1/ Not modified, completely unique version for USA market.
    2/ 1,102 euro versions, 213 USA versions, so the supply/demand formula kicks in.
    3/ A USA version is virtually worthless in Europe because of the reverse "grey market" perceptions. A Euro version in USA will always be regarded as an orphan alongside the pure American car. If you want a car in America, best listen to the American experts, isn't that why you came into the forum? Anyway good cars will always get good prices in any market, a nice one owner Euro car with low kms has just sold at the equivelant to US$730,000
     
  23. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    The Tipo USA F40 is a purpose-built variant, not a modified Eu/ROW car.

    It is much safer (trust me, if you crash, you'll want to be in one of these), and has a limited production run of just 213 cars.

    Here are some differences of the type USA car versus the Eu/ROW car:

    1. USA production spanned from early 1990 to late 1992. Chassis numbers to follow (European production started late 1987).
    2. USA F40s weigh in at 2878 lbs dry. Actual USA F40s weighed by FNA with all fluids and half-a-tank of gas weighed in at 2969 lbs (European cars are stated at 2717 lbs dry).
    3. USA F40s have aluminum gas tanks with twin fuel pumps mounted within the tanks ( European cars have rubber fuel cells which require replacement each 7 years with externally located fuel pumps ).
    4. USA F40s have twist-off gas caps (European cars have the locking items).
    5. USA F40s were all supplied with the variable ride height system deleted (some European cars were thus supplied).
    6. USA F40s have 2-peice seats with reclining backs and a passive restraint system (European cars have single-peice seats with 3-point seat belts).
    7. USA F40s have their tow-hook attachment mounted directly into the chassis (European cars attach to the front body).
    8. USA F40s have a final drive ratio of 10-29 (European cars are rated at 11-30).
    9. USA F40s acheive maximum torque of 58.8 kgm/427 ft lbs at 4300 rpm (European cars acheive this same torque at 4000 rpm).
    10. USA F40s are rated "at or above 500 bhp" @ 7000 rpm (European cars are rated at 478 bhp at same rpm).
    11. USA F40s were the first car to utilize metallic (titanium) based catalysts to allow faster warm up and greater resilience.
    12. USA F40s have a 'secondary air injection' for emissions that can be heard at each start up.
    13. USA F40s had to pass DOT front, rear & side impact tests. These include the 2.5 mph front and rear tests. Accordingly the bodywork is strengthened.
    14. USA F40s have a drag co-efficient of 0.34CX including the rear wing (European F40s are rated the same).

    With respect to the gear ratios, please note the following:

    First gear - 1:10.707 (USA), 1:10.069 (Euro)
    Second gear - 1:6.628 (USA), 1:6.262 (Euro)
    Third gear - 1:4.745 (USA), 1:4.463 (Euro)
    Fourth gear - 1:3.724 (USA), 1:3.501 (Euro)
    Fifth gear - 1:2.965 (USA), 1:2.787 (Euro)

    Hope this helps.
     
  24. Bill S

    Bill S Formula 3

    Oct 2, 2004
    1,995
    #24 Bill S, Jun 14, 2013
    Last edited by a moderator: Sep 7, 2017
    I think most buyers in the US, including myself, are willing to pay a premium for a US car. It's a special 213 car variant that Ferrari spent 10s of millions of $ developing. The US cars are very fast. See the acceleration thread. I believe this is the latest...
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  25. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    Very true Bill.

    I believe the factory lost money on the USA cars, such was the extent of the development & testing. John Amette can shed more light on this than anyone.

    Also, if anyone can tell the difference in speed between a USA car and an Eu/ROW car on the street, they are out of their mind.

    Lastly, I will get the owner of a USA car more money than I can for a Eu/ROW car in the USA. One should always consider the possibility that one might need to sell one day.
     

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