Please help to decide to buy or not

In the USA every state has different rules. California is notoriously tricky. One thing you need to be sure of is the emissions passed for both EU and US regions. If it doesn't pass, you won't be able to register the car. The car in my opinion will continue to depreciate. Only the 6 speed is appreciating. Remember, if you buy the car, kudos to you and congrats. If you decide not to buy the car, I expect you to share your information.

 

This is all a joke right. Apparently know little about cars if worried about surface rust on rotors and want to jump into a Ferrari. Can't be for real.

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Where and when was the PPI done? If not done by a reputable shop and/or a while ago, not worth the paper it's on.
Sounds like some damage on the toe rods? That should be checked out further.

Normal to have water and a little smoke, but it shouldn't be smoking heavily. If he tried to sell for 80k and say is selling now at 40K, you have to add your won purchase costs (tax and ref) + ship to europe, + 30% vat duty- so say 90k euro quick sale. That's a possible 25k flip. Not bad. But if customer asks for PPI and they find something that potential 25k quickly can vanish.

Why doesn't the hard luck lottery winner just sell the car himself to Germany or that dealer he's storing it at just so the flip themselves?

While I appreciate your providing lots of evidence, can't help but smell a lot of fish.

 

Sounds like the OP is not a car enthusiast, interested purely as a flip. He is not in a area with easy access to Ferrari support. Apparently a lottery winner is itching to get cash for his win, after trying to sell for a year he decided to slash his 82k asking price to around 40-50k for a 'quick sale' to the OP.

OP wants to buy it (asking for help to assess condition) so he can sell to EU or US.

I believe that's the story so far.

 

Read some weird stories on fchat but I believe that one. I don’t understand why would someone would make this up. Lots of red flags but why not.


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Agreed 100% that’s why this thread is not closed, if for anything else then pure curiosity. I’m very interested in seeing where this goes.

 

The " smoke and water" are normal condesation that every internal combustion car on the planet will make in certain conditions.
The rust on the brakes will scrape off going around the block twice.
Buy the car and then get advice from your local dealer about what to do after you have legal possesion.
Lock up the deal before its gone.

What concerns me is the legal possesion of the current " owner".
In other words is the car stolen or is this some kind of a scam.
You sound kind of naive. People take advantage.
If thats legit....go for it.

 

Hi Andrey,

First, let me say, with all the photos and videos - I believe you. We get a lot of fraudsters here, so you have to pardon the skepticism.

I personally commend you for being industrious, so I will try to help!

Understood about the previous owner now (Thanks for the clarification.)

Replacing the tie rods is not a bad job and an easily doable proposition if that's all that's wrong with it. Be sure to do a full alignment afterward. It's not that expensive relatively.

The smoke, water, and rust on the videos and photos seem okay to me. The problem you will encounter is the new purchaser will demand a recent and qualified PPI. If there is no qualified specialist in your area, it will be challenging to get somebody to spend 90K on this (regardless of how nice it looks.)

Find a qualified specialist to confirm it's condition. If it passes, 45K to me is a bargain. I would buy it on the spot.

I don't know the European market, but in the US, I would say this would sell if you priced it around 90K, and it indeed was in excellent condition.

Let me know if you have any questions. I'm hoping you can make this work!

 

tough and risky way to try to make some money imho.

 

Look at it from the buyer's perspective. You get it into the EU. Are you in a position to pay customs/VAT and register the car? If not, will a buyer want a car registered in wherever it's registered now? (No.) Different EU countries have different rules on registration. In Germany, the biggest market for a LHD Ferrari, you would need to get it through a TUV as well. Who would do this process and who would be the seller on the documentation? Do you have an account in the EU, Would the buyer want to transfer money to an account not in the EU, you would narrow your pool of buyers.

Best case, your ad/spiel to the purchaser would read:

Ferrari F430 coupe F1, first registered in Russia, exported to (Bulgaria?), for sale now in (Germany?) by non-resident, funds to be transferred to (Bulgaria?).

This considerably narrows your pool of potential buyers and each step probably knocks 10k off the price. It's not a car with a story, it's a volume of stories.

Then you'll be forced to sell to whatever dealer would take it, and definitely lose money.

I can see why you see an opportunity here and believe you are genuine. Unfortunately you are comparing two unlike objects: a European 430 in its home market, with your one when transported to that market. Although they may look, drive and be the same, their values are very different, because of the perception of Ferraris when they cross borders and markets. They are not a commodity, and their values have a correlation with their story. So yours might be exactly as good when you get into it and redline it in 2nd (a life changing experience), and a great car for you to drive, but its value is not even close to being the same.

Unless you have a buyer you can trust in the destination country, I would leave it.

 

If a similar German-registered 430, showing as "unfallfrei/accident free", with a German history, is selling for 90k euros on mobile.de (selling price, not asking price), this car will sell for 70k maybe. And it will take a long time.

If you will be a private seller from a non-EU country trying to sell a car with this history in Germany, you will need a lot of good fortune and time. There are more than 200 430s for sale on mobile.de alone, and they start in the 60,000s.

Meanwhile, where is the car located while you are waiting for the buyer and doing viewings? If you don't have a home in Germany, it will either be at someone else's home (warning sign to a buyer) or a dealer. If it's a dealer, remember to add their cut to your calculations.

 

Be careful: asking and selling prices are two different things.


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Even though not a Ferrari mechanic a Mercedes guy could see the basics, a car is a car. Have him put it on a lif


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You guys don't listen to the old Car Talk?

 

Just curious, why would it cost 65K to ship to the US? Is this because of some sort of US Federal incompatibility? I wish you the best of luck. Keep us posted, and I'm rooting for you!

Cheers