1990 F40 with under 1500mls

Wow.. I didn't know air shipping a car is $7500-ish... makes me wonder about bringing my car over in a container or on de-plane. Price beats renting a Ferrari in europe for the week...

Wait, for its one way..

 

When I said state sales tax was going by experience registering in WA.

 

I think it's only around $1500 by boat. Takes a while though...

 

Whatever the costs may be to import this, I'm sure it would be no issues with someone who has the money to purchase this gorgeous F40.

Would like to see Romo pick this up as he's looking for one

 

Huge difference in the specs, better to just wait for exemption to enter the picture.

If it's 25 years old I htink you are "there".

 

Texas tax offices DO have an internet connection....they use NADA values, not the Bill of Sale..

GLWS!

That is a fine machine.

 

Actually they require bill of sale whether it is a private sale or a purchase from the dealer when you registered a car that you have purchased out of state. The sales tax is still 6.25% for Texas and this is based on the original bill of sale, at least in Harris County, although a friend of mine got away with paying much less sales tax for a 16M which was based on the NADA value and they used the NADA value of a regular 430 (however, this was done in Pearland). This despite the fact that he actually gave them the bill of sale from the out of state dealer where he purchased the 16m from.

 

Ferrari wasn't even in the computer in my local DMV... I'm sure you could put $400,000 for this car and they would be shocked it was so expensive.

 

There are people who do that. I've always thought it asking for trouble.

 

except all that applies here is your "1500 for US transit", the 0.3464% is actually 0.035% (due to the Cap), and if importing for personal use, the customs bond isn't required. So on this transaction you're looking at $1500 + 2.66% to get the vehicle to your door, so at $1.3M this is about 2.78% not 6%.

I Also do not think the Seller suggested the shadiness you are all inferring, in Germany the sales tax (VAT) does not need to be paid on private sales, he is probably unfamiliar with the system in the US regarding used cars

 

Gooding auction, 3000 mile US model Ferrari sold for $1,395,000

 

final sale price was 1.534

 

In California you would get to pay sales tax on the value or sales price, if the claimed price is too low they will use value. Think about 9.25%. PLUS, they would require that the car be federalized and tested/certified because it is a gray market car. They do not wave smog nor permit registration just because it is 25 years old. THAT will cost a lot and may not even be possible.

 

The seller netted 1,255,000

 

so what?

 

IMO, the hammer price is more indicative of the value, not the net price to the buyer and seller.

 

very nice car GLWS

 

Ferrari charged me 13000 to ship my f12 to the USA...

 

Air shipping is a variable number. I'm sure fuel is a part of it. I'm also pretty sure there are other factors I'm not aware of. I once paid a combined $10k to ship to and from Europe. I paid $6500 to ship my 458 from Ferrari. So I think your likely range is 5-15k just depending.

Looks like a really nice car. GLWS.

 

Not necessarily. While the buyers premium is pretty set in stone, the sellers concession is a negotiation. Competing auction houses will lower their stated concession in order to secure a deal. If they had an f40 already for example, they may be less willing to adjust their price.

Personally, I wouldn't accept a selling concession that high given that it seems that selling an exotic is like shooting fish in a barrel 😐 You can drive a 458 through that spread, literally.

GL to seller. Seems like a great car.