I had a 599 stick in February 2015 and here is why I don't now!

I own a retail business and often think customers get confused sometimes by equating being friendly to them thinking I am their friend. The two are very distinct and separate. I am friendly to earn your business, and by definition a business is there to make a profit. You are my friend if I invite you over to my house to hang out in the garage and play with cars and motorcycles. Big Difference.

It's not about trust. We are making a transaction. You agree to make a purchase (or in this case sell) and I agree to deliver a product (or a check in this instance) at an agreed upon price. Once that is done, the transaction is complete. Should we do business again its because the process was good for both of us, and fair. But there is nothing owing from the first transaction, no carryover.

Let's play devil's advocate. Let's say you sold them the car and a week later it spun a main bearing or threw a rod. Would the dealership then come back to you and say "Ahhh..you know the engine is toast and we want $ 40K of that money we paid you back to repair it". You would tell the dealer to go pound sand, even if you had done transactions in the past. You are not 'friends'.

I sold my 1969 911S for $ 2,200. And my '63 Split Window Corvette for $ 3,500. Today they are both worth a little more than that, can I recover the difference in cash? Nope...

I bought this for $ 2,700 not too long ago. Sold it 6 months later for $ 10,000. Do I owe the original owner something? I do not. Did I know it was worth more than $ 2,700 - you bet I did.

Some days you eat the bear, some days the bear eats you. The wise man learns from it and moves on.
Image Unavailable, Please Login

 

There you go a very fair analysis.
Please you sold a car.
No one could know what would happen. You or the buyer.
Auctions reward and burn both sides.
Crazy price though.

 

Hey OP,

Do you by chance have any other cars for sale?!?!?!?!

 

Ferrari dealer suing customer for trash-talking | New York Post


I'll just leave this here....

Darn it people beat me to it. You guys are quick!

 

You are exactly right. What if the dealer lost money on the transaction? Would they have some recourse? Of course not. When the dealer paid, they took the risk on the car. The OP took the money and the certainty that brings. {edit} thought of another one- what if you told the dealer you would sell the car back to them but then decided you don't want to sell it because you bet it will go up in value. So you tell the dealer no sale. A few weeks go by, we learn someone out there is willing to pay a huge number for a 599 stick and you sell the car for a much larger gain. Does the dealer have any reason to expect you to share the gain with them? Should you have told the dealer back when you bought the car it could be really rare so maybe they shouldn't sell it for the price?

To the OP, I just think you have to understand these are business deals and when you agree to a price and if both sides deliver on their obligations, as happened here, then the deal is over. There are no surviving representations I'm aware of. Like I said, would you have liked if they came back to you to cover a loss if the car traded for less than they gave you?

Maybe you think having done a few deals with the dealer means you should get some kind of "insider" type treatment. That would put us in the world of "should". That usually comes down to personal style. What I think should be might not be the same as what you think should be. Not everyone will be the same. Some people will look after you more and some less. Most of us usually choose to do business with people where the personal style is compatible. But this isn't the same as being cheated.

You actually made some money on your transaction, which is somewhat rare for many of us car enthusiasts. I think the best move would have been to just be happy for the next person and move on. You could have even called up Miller and jokingly suggested since you "helped" put them in a good position to make some more money, maybe they can help you with an allocation of XYZ car in the next go round.

Now you just have lawyers to talk to (and pay)...... Just my 2 cents...

 

I don't think anyone missed anything. And if it's not about the money, why aren't you happy that you got drive a 599 for free, and the dealer you had so much respect for and cared so much about, might have done well? That's right, it's about the money and you don't care anymore about them than you accuse them of "not" caring about you. I mean, you helped your friends make a good deal, yes? Be happy on their behalf then.

Tell me this. If they had told you the car would be going up for auction, then what? Let's say that they had paid you 450 k and the car had sold for 400 k. Should they hold you accountable for their loss? What if they had paid you 500 k and the car had sold for an even larger amount they had an even smaller chance of knowing it would sell for? Like 850 k Would you still be angry and feel cheated? I bet you would.

You did not do your homework, period. They bought a car from you, you made some money, and they probably did the same. Btw, your car was sold prior to the auction. How much was it sold for?

 

I'm just pissed because the guy I sold my Apple stock to in April 2014 for $75/share didn't tell me they were going to $130!! But it's not about the money!

 

599 for $175K
Repairs around $2k
Sold for nearly 30K profit
Silly website Home that leads to lawsuit. Priceless.

 

So I actually read his website... And he says he's called Ferrari 3 times?! What in the world would they have to do with this? That's amazing.

 

I spent time reading this and wanted to provide you some response.
In the summer of 2014 bought a 6 speed 599. Loved the car but ended up selling to the dealership for $185K--it only had 3k miles on it. They sold it in Nov 2014 for around $195K..at the time I felt that was market--in 2014(July) purchased for $170k for the 6 speed..so-the upswing is wild but seems like they may have known they could get 10K more or even $20K but that is the business of buying and selling cars.

Not sure if it helps but that is the way it goes.

 

I wonder if the first owner who sold the car to Miller will sue the OP. If Miller sold the car to the OP for 175 and still made a profit, the previous owner can't have gotten much. If he's anything like the OP, his head must have exploded.

 

It seems weird. The question I have, is what did his car resale for? His car was not the one at the auction correct? I may have missed something obvious, but not as obvious as the rarity of a modern era six speed Ferrari.

 

Now, if the DEALER had been unable to sell the car at a profit could the dealer have sued him for that? Or if he had failed to disclose a minor imperfection in the car that happened under his ownership?

Kinda seems like the same thing to me....



PDG

 

steve McQueen called - he wants his $9M car back....

 

Aye caramba.

I wonder if this thread will eventually get more views than Reza's thread.

 

I think that what he really want back is the Lusso of his that sold in 2007 for $1m.

 

They were in on it. They failed to reveal the fact that the car is going to appreciate.

 

😁 even when they bought it for more than they sold it to him for?

 

Let me google that for you

 

Yes. It was their duty as Ferrari specialists to know the exact future appreciation of each model ever sold.
In fact, they should make it a law to incorporate these values on the sticker price of each car.
If I go and buy a new F12, it is Ferrari's duty to tell me what the car will be worth in 5, 10 and 15 year increments.

Hope you didn't think either of my replies are serious...just a whole jumble of sarcasm

 

I just got to my non car enthusiasts GF's house. The following is a true story:

Me: What was special about the 360 I was looking for two years ago?
Princess: It had to be a stick.

Me: Yeah, tough to find.
P: Aren't they rare?

Me: Yup. So this guy bought a 599 six speed about a year ago for somewhere around 175K. And a year ....
P: ( interrupting me) Isn't that cheap?
Me: at the time is was a fair price, but the dealer called in Feb and offered him somewhere around 205K for it. He decided to...

P: (interrupting me again) He didn't sell it did? I wouldn't have, I mean why did the dealer call and offer to buy it back?

Point: Even she knows how hard six speeds are to find. I finished the story and she concluded, "it's his own fault he should have checked that website you are always on"

 

quite frankly, donation to charity is irrelevant to the discussion. How do you know that this gentleman isn't a philanthropist in his own right and donates far more than 30k to charities? Your assumptions and you bringing up the fact that he made a profit and he should consider donating it to a charity is disheartening at the very least.

 

To the person who started this thread and is suing the dealer, you sir are a complete and total moron. You sold a car and a similar example later sold for a higher price and you want to file a lawsuit against the dealer ? They did not "disclose" it was rare in a manual ? How can somebody this stupid afford to drive a Ferrari. This is the problem with the world today. This person who started this thread has more money than brains and now for no good reason will create legal bills for another business that did nothing other than sell a car to you and then buy it back at a price you were happy with ? WTF is wrong with you ? What will be the next legal action out of you ? Maybe file a claim against the local strip club for getting "no sex in the champagne room?" My goodness you are a putz.