F355 Market | Page 10 | FerrariChat

F355 Market

Discussion in '348/355' started by Robb, May 19, 2015.

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  1. Eric C

    Eric C F1 World Champ
    Silver Subscribed

    Mar 20, 2009
    11,050
    St. Louis, MO
    Full Name:
    Eric
    For me, property tax every year.
     
  2. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,751
    Lake Villa IL
    Interesting, I wasn't aware of that. What do they reference for vehicle value? Time for Montana plates :)
     
  3. junglistluder

    junglistluder F1 Rookie
    Owner Silver Subscribed

    Mar 23, 2007
    3,617
    VA
    Full Name:
    Brendan
    Annual property tax based on 3.5% of NADA value here in Virginia :(
     
  4. Eric C

    Eric C F1 World Champ
    Silver Subscribed

    Mar 20, 2009
    11,050
    St. Louis, MO
    Full Name:
    Eric
    Last December, I owed $1,000 in property tax on my F355.
     
  5. vracer

    vracer Formula 3

    Jun 23, 2014
    1,098
    NorCal
    Full Name:
    Richard
    That does seem to be quite a bit, but as far as I know, no one has ever invented a tax free state. FWIW, Cal rates for income taxes for incomes from $50-250K are 9.3% + $2200. From $508K-1,000,000 it is 12.3% + $50K. So far this year, I've only lost one friend to Nevada - but I don't have many friends. ;)
     
  6. jssans

    jssans Formula Junior

    Jun 1, 2005
    839
    St. Louis
    Full Name:
    Josh
    I don't think the State of Missouri looks at increased values.
    Your personal property tax should depreciate every year from the 1st year of ownership.
    Mine does. Unless you get your car appraised & send them the appraisal.
    I know people who send in car appraisals to pay less taxes not more.
     
  7. Eric C

    Eric C F1 World Champ
    Silver Subscribed

    Mar 20, 2009
    11,050
    St. Louis, MO
    Full Name:
    Eric
    Do you mind sharing what you pay? PM is fine if you don't want to make it public. Also curious about the car appraisal route.

    Also, I thought the state goes by current market value?
     
  8. cpr075

    cpr075 Karting

    Jul 7, 2012
    58
    Midwest
    I called to inquire about the GTS. I hadn't yet seen this post and didn't know the price when I called and was considering trading for my F1 GTS. I was told it sold for asking price.
     
  9. rennspeed

    rennspeed Formula Junior
    BANNED

    Oct 4, 2007
    528
    Full Name:
    Rennspeed
    No of course I don't but it does not take Einstein to figure it out. Just take a look at their listings; these cars have been on sale for quite some time.
     
  10. SoCal1

    SoCal1 F1 Veteran
    Owner Silver Subscribed

    Jun 14, 2011
    8,630
    SoCal LA/OC/New Mexico
    Full Name:
    Tim Dee
    I came here from New Jersey

    Liking the cost of living and taxes better for sure. no complaints here
     
  11. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,343
    Kzoo Michigan
    #236 phrogs, Jun 24, 2015
    Last edited: Jun 24, 2015


    For me it's my license plate sticker, they base the cost on the original selling price of the car in Michigan if it was built sometime in the 80's. So it's $500 a year just for tags. The. I have crappy insurance rules as well.

    My 82 308 only cost me $25 for tags so vintage cars are cheaper up here.
     
  12. chris1866

    chris1866 Formula Junior

    Mar 14, 2005
    559
    Atlanta
    Full Name:
    Chris
    Wow. Hope they get every penny for the other one too!
     
  13. Eric C

    Eric C F1 World Champ
    Silver Subscribed

    Mar 20, 2009
    11,050
    St. Louis, MO
    Full Name:
    Eric
    Wow, it sold for $180,000?
     
  14. F355steve

    F355steve Formula 3

    Apr 9, 2008
    2,089
    Honolulu - Seattle - Okinawa
    Full Name:
    Steve
    Wow is right. It was just listed in the past few days right? If that is the case, hold onto your pants boys, this is getting interesting quick.
     
  15. cpr075

    cpr075 Karting

    Jul 7, 2012
    58
    Midwest
    That was my reaction too. A pristine low mileage red on tan 355 GTS with a manual transmission is my unicorn that I have been hunting for the last several years. The last time I saw an ad for a similar car was about two and a half years ago-sold by Silicon Valley Ferrari. It was for sale for 79,000 if I recall correctly. I had no idea any 355 could sell for 180K. Up until now, it seemed like 355 prices hadn't risen very much compared to other pre-2000 Ferraris. It will be interesting to see if the GTB is sold quickly or not.
     
  16. F355steve

    F355steve Formula 3

    Apr 9, 2008
    2,089
    Honolulu - Seattle - Okinawa
    Full Name:
    Steve
    Those who follow closely have been reporting on private sales, cars never publicly listed for sale, above $100k for the past 6 months. Probably the exact type of car you have been looking for. They for some time now have been almost exclusively trading hands privately like this. That is why you have never seen them. If this did sell for $180k as fast as it appears it sheds some light on where the private trading prices have been moving at recently.

    The one big notable public sale was the $198k paid at auction a couple months ago for a Fiorano.
     
  17. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,255
    It's a huge bubble - get short subprime ferraris like me and u will thank me!

    Love the 355 - I wdnt sell mine for 250k
     
  18. jssans

    jssans Formula Junior

    Jun 1, 2005
    839
    St. Louis
    Full Name:
    Josh
    If I sold mine for $1 or $200,000 I would miss this: https://www.youtube.com/watch?v=osqzb3J3Fic&feature=youtu.be

    I'm sure a CS is better car but damn the f355 sounds too good.
     
  19. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,255
    Great video!
    Both great cars - I love both
    If a gun to my head I'd keep my 355 and I'd sell the cs
     
  20. jssans

    jssans Formula Junior

    Jun 1, 2005
    839
    St. Louis
    Full Name:
    Josh
    You've nailed it. F355 stays while acquiring or rotating through other Ferrari's. :)
     
  21. Prancinghorse17

    Prancinghorse17 Karting

    Oct 14, 2012
    118
    CFL
    Anyone else here heard of vast.com? They have over 80 355s for sale at some very interesting prices. A 1999 silver berlinetta 6 speed, 15k miles, for 56k??? A red/tan 97 GTS with 31k miles 6 speed for 58k? Never heard of this website before and am wondering if this is legit. If so, someone might get a steal here.
     
  22. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    A compilation of old, outdated listings.
     
  23. GerryD

    GerryD Formula 3

    May 5, 2010
    2,442
    North of TO
    Full Name:
    Guido
    The 355 sounds way better.
     
  24. Prancinghorse17

    Prancinghorse17 Karting

    Oct 14, 2012
    118
    CFL
    I'll say. Thanks for enlightening!
     
  25. WJGESQ

    WJGESQ Formula 3

    Dec 30, 2004
    1,477
    Good luck w that.
     

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