any value distinctions between a US and a canadian 348? | FerrariChat

any value distinctions between a US and a canadian 348?

Discussion in '348/355' started by gated_shifter, Oct 20, 2016.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    just curious if there are any downsides to owning a canadian delivery car in the states and whether there is any devaluation/disinterest related to that to US buyers in general. i'm looking at a car (a tb) that was originally a canadian car and i want to make sure they are on equal terms or, if they aren't, why. i understand condition would be the first thing, but assuming that's fine, anything specific to it being non-US?

    thanks!
     
  2. vvassallo

    vvassallo F1 Veteran

    Aug 4, 2006
    8,329
    Palos Verdes
    Full Name:
    Vince V
    Unless it's a Euro-spec car, I wouldn't expect any difference in value or worth.
     
  3. ghardt

    ghardt Formula 3

    Apr 18, 2004
    1,260
    Texas
    Full Name:
    Jerry
    I'm assuming its already titled in the US. If so, then I don't feel there would be any difference in value. If the Canadian car never can with the mouse runner seat belts, it may be more desirable than a US car. Be sure and check for rust with northern cars.
     
  4. taz355

    taz355 F1 Veteran
    Owner Silver Subscribed

    Feb 18, 2008
    6,016
    Indio Ca/ Alberta
    Full Name:
    Grant
    I dont think Canadian cars rust faster?
     
  5. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    #5 Wade, Oct 21, 2016
    Last edited by a moderator: Sep 7, 2017
    He said "northern cars", not just Canada. 'Cause they don't salt the roads down south. Except south Florida, but it's Mother Nature who's doing the salting. A1A during some high tides in Fort Lauderdale, for example.

    I was behind a guy who was driving a newer California during one of these events, on this exact same road. But the whole road had several inches of water.
    .
    Image Unavailable, Please Login
     
  6. Drock28

    Drock28 Formula 3

    Jan 13, 2013
    1,430
    Montreal
    Full Name:
    Tony
    two 348's side by side.. all else equal.. one is an imported euro spec.. the other is a North American US/Canadian spec.. why would the euro spec be worth any less..?
     
  7. itsablurr

    itsablurr Formula 3
    Silver Subscribed

    Dec 9, 2005
    1,016
    Carlisle, MA
    Full Name:
    Matt
    The only aspect I can think of would be if the odometer/speedometer was switched over from km/h to mph, showing a flag or discrepancy in the vehicle report. However, that's splitting hairs unless it wasn't done or documented appropriately.
     
  8. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,778
    Ontario, Canada
    Full Name:
    Mike
    Agreed. Should be no difference.
     
  9. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,778
    Ontario, Canada
    Full Name:
    Mike
    Holy smokes, that surfer almost surfed right onto the road.
     
  10. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,778
    Ontario, Canada
    Full Name:
    Mike
    Again, that shouldn't matter. I have a US model and I live in Canada, odometer is in miles.
     
  11. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    2 cars are currently in kms, which is okay with me. i was just curious if anyone viewed a non-US car as less desirable than a US car. we're no longer talking 'gray-market' cars, so i guess it's not a real detraction. 2 of the 3 348s i'm looking at at the moment happen to be canadian cars. i wonder, based on the climate, if canada got more tb (than ts) versus the states and that climate. would be an interesting fact to look into.
     
  12. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    since i'm seriously considering one or both of these canadian cars, what i'm i looking at as far as added fees to get it into the states? i've owned tons of cars in the past, but i've never brought one in from canada. i've read there are/might be some lofty expenses to this process, but then others have countered those claims. anyone know for certain?
     
  13. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    There is indeed a difference in value in the market. You can argue there shouldn't be but whether it's because it wasn't made for/shipped to North America initially from the factory, or worries on KM/MPH readings in odometer trail, or registration/insurance concerns or what not, it's similar to being a grey market car, although not to the same degree as a European grey market car in the past where changes were required to be made to emissions, safety and/or headlights. That being said, the question of how much difference in value is tough to determine. But unfortunately side by side, two absolutely identical cars in North America, one a North America delivery/spec car and the other a Canada spec, the North American car is worth more, or put another way, would be the one to choose in a hypothetical scenario of two identical cars in condition and asking price.

    You should try to factor in some discount to what you will pay, and realize the same sort of discount will apply when you sell down the line. I'm not saying don't buy the car, just realize the situation.
     
  14. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    appreciate the comments, but what about the canadian car makes it less value? side by side, are we not talking about just a gauge package difference? mechanically, are the cars not identical? i didn't think the emissions or safety items would be any different. i could certainly be mistaken though. so, the headlights would be different? would they pass US inspection? i understand the documentation issue and if the gauges were possibly swapped over - that would certainly make me apprehensive as a buyer. beyond that, what would make the car of less value?
     
  15. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Your comments are important regarding value. For example, an interested buyer from California asked "Is yours a 50-State car?". Next was "Does it have the OEM exhaust and etc. still installed or available?"
     
  16. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,798
    Lake Villa IL
    I imported my F355 from Canada.

    Low mileage, exceptionally nice condition and an interesting history.

    At this age, there really are no 2 cars identical in condition so for me, that was more important than country of origin.
     
  17. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    did you have to do anything to meet US inspection/emission obligations? any changes to the car necessary at all? main difference just the gauge package?
     
  18. INTMD8

    INTMD8 F1 Veteran
    Owner Silver Subscribed

    Jun 10, 2007
    6,798
    Lake Villa IL
    I needed to get a letter from FNA stating it was dot/epa compliant. Some said the gauges would need to be changed but it was never mentioned to me by the customs broker so I didn't mention it either. Still has the original KPA speedometer.

    Difference between US and Canadian F355 is the Canadian car has the fog lights wired to be on all the time (drl), has 5mph instead of (2.5mph I believe) bumpers, metric gauges and climate control.
     
  19. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    all that seems reasonable enough, but i would NOT want to have to change out the gauge package. to me, that just opens the door for speculation and questions about actual mileage, etc. i want to avoid all that bs. i would want the car 'as is' per canadian spec and have it stay that way. otherwise, a US car would be my only choice.
     
  20. Wade

    Wade Three Time F1 World Champ
    Owner

    Mar 31, 2006
    32,793
    East Central, FL
    Full Name:
    Wade O.
    Just for clarity, is profitability your primary driver? Nothing wrong with that, but it'll help clear the air. If so, for example, then you want a U.S. spec car only to achieve the maximum advantage. A red car is next, for broader market appeal.
     
  21. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    here's how i view that - i want to buy a car that will maintain it's value as best as possible while i own it, so i can move up with the next purchase (and more money). i've had many cars that ran that route - E30 M3, E36 M3 LTW, 964 RSA, G50 Carrera, 993 C4S, 500E - and i want to continue in that vein. profitability, no. retaining solid value with the prospect of appreciation, yes. i also buy drivers, but drivers that look damn near perfect from 20'. that's the type of car i like and buy. if a US car would do 'better' over time than a CA car, that would certainly be a consideration, if not a bargaining point during negotiations. i've bought and sold a lot of cars and i always consider my exit plan, even if the plan initially is to keep the car long term.
     
  22. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    A logical enough stance, and one many of us on here probably share (these cars are 20 years old, and many of us have worked our way up!). It's not that you're looking to make a profit, but retain value. Over the years, I've had 3 aircooled 911s, a 90 corvette, a 360 and now 355- like you, I like things that are fully depreciated to minimize the chance of taking a bath on it if/when I decide to move on.

    Keep in mind, the same questions you have will be had by the next potential acquirer- so not only should your purchase price factor that in since your sale price will be discounted vs a US car (again, tough to put into exact % or $ terms), but also you may have a tougher time selling. You may get lucky and find someone who is fine early on, but overall I think on average a car originally sold in another country takes longer to sell.
     
  23. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,352
    Kzoo Michigan
    No idea really.
    If its in the U.S. already the hard work has been done.
     
  24. gated_shifter

    gated_shifter Formula Junior

    Aug 5, 2015
    537
    Plano, TX
    i would agree with everything you've said, but the other consideration, at that point, will be that the car already exists in the states and will have a valid TX title. there will likely be FAR fewer issues selling a car that is here already versus one that has to come in from canada, eh. i'm absolutely sure, minus the truly wealthy here, that most of us view our purchases in similar light. i just want to understand all the impacts and potential short-coming before committing to a non-US car - with a CA car probably being the easiest to sell on on the back end out of all the options.
     
  25. phrogs

    phrogs F1 Veteran
    Silver Subscribed

    Apr 13, 2004
    7,352
    Kzoo Michigan
    #25 phrogs, Oct 21, 2016
    Last edited: Oct 21, 2016
    355s imported are not like a boxer coming over which never was USA compliant, or a euro 308 that didnt have catylitic converters, the 355s are all identical other than a few small items like gagues, and lights.

    Euro cars are exactly the same as far as emmisions, the DOT said 355s could be imported because they are the same car conforming to all safety/EPA rules.

    Other than the way the lights are wired for europe and the lack of bumper turn signals
    Its the same damn car.

    Ignorance of the federal rules is what hurts these cars once here. People think they need to vet the car, it becomes to much work and they pass because the car has a "story"
     

Share This Page