F8 or STO?

I use ‘cut the mustard’ but don’t trust me….I studied engineering. Nonetheless, your post seems logical.

 

Ok- not to pile on as I like Dustman- but how does one continue to get allocations for new hard to get cars when you continue to flip them? My dealers would laugh me out of the room the first time I did this and I would never be offered another allocation. Im sure there is a reasonable explanation to this.

 

Ok, I’m intrigued. What is a hard to get car? F8 Spider? STO? I’ve never purchased from a dealer before (read, new) yet I was able to get allocations for both.

Also pretty sure I could’ve also snagged a 765 a few months back.

But my naïveté runs deep and I’m sure there’s a bunch of cars I wouldn’t qualify for.

 

You might have been able to snag a 765 but every friend of mine that tried could not. And if you did manage to snag a 765 and sold it immediately after, they wouldn’t offer another.

Same with a pista- these allocations were not easy to get. And to get it and sell it immedialty- not the best way to get future allocations- unless it was prearranged with the dealer.
TDF was likely private party but in California you still pay sales tax on private party sales so that is a lost cost upon selling within a week of purchasing.

I guess my point is, I have a pretty decent relationship with my ferrari and Mclaren dealers but I don’t sense they would be offering me repeated allocations if I just buy and immediately sell the cars- they want the people who buy them to drive them.

there could be a ton more to the story that we don’t know about.

 

Actually, if you sell back through the dealers some will agree to split the proceeds and they would rather do this than have someone hold onto a car. Ideally, they keep flipping them on consignment.

 

Ok so you buy a 500k Pista and dealer happily takes it back. Then you just spent 40k on sales tax that you never get back?

 

Sales tax is certainly a concern depending on where you register your car(s) and in some states property tax as well. I am commenting on the dealers not caring, they will flip'em all day long. No risk on their part.

 

Actually, members should feel free to pile on given his nonsensical appraisals based upon virtually no seat time whatsoever. His flipping is hardly the actions of a legitimate car enthusiast. He lords himself on Fchat as if hes the last word on whats worthy as a proper sports car when his cars never get driven beyond Rodeo Drive. He posts as if his lordship is gracing his presence upon us, usually poking the bear of legitimate enthusiasts who actually drive their cars by making a curt point he sold what they all own because he deemed it unworthy. Like as if they needed to know!? Then he vanishes only to resurface with the same dig on another thread. Take for example what happened here. He wasnt even involved in the discussion but his lordship felt compelled to tell everyone to get off his lawn, threatening to get them banned. I mean what did Dusty want to talk about? He clearly had nothing to say prior too. And the members in discussion all had jcmd under control anway - in fact were having a little fun going by what i read. So Dusty runs off crying to the mods to get guys he doesn’t like banned - im damn sure i would have been on his list too - then after the bannings he posts some litany of tripe based upon a trip down Rodeo drive as if it will suffice as the kind of reading pleasure we all come to Fchat for! Im sorry guys but you all went after noone 1 and others of similar ilk for far less nonsense yet somehow Dusty is legit? Im calling BS. Nah. Genuine enthusiasts dont behave like Dusty and a few other suspects weve come to know, and this is evidenced by 98% of posts on fchat. I say some of you guys need to wake up and smell the roses.
If ever the hounds needed to be unleashed its right here!

 

How are you able to get out of sales tax in LA? California doesn’t give credit for trade ins for sales tax. I’m asking not cause I don’t believe what you say but more for my own personal knowledge.

 

I haven't read through the entire thread. Just a few of the last pages.

Car forums don't have many people posting who are just regular owners. Many are in the business side of cars (directly or indirectly). They are on car forums to push certain narratives to their own financial benefit (pump and dump usually or they have cars for sale or they are in the business of certain marques).

There is certain ways that these professionals buy/sell cars that is not well known to the typical car buyer who isn't represented on car forums or not represented in big numbers.

Many of the people who are disguised as typical "owners" are not at all. Some are straw men for dealers who can't sell above MSRP and used to flip cars to other places. Share profits with dealers or even individual sales personnel. Brokers/sales consultants along with dealers who buy cars and send them outside of USA and share profits, etc.

People having dealer licenses to get around sales tax requirements, title in montana and then run it with california dealer license plates. Set up LLC that owns the car and then sell/transfer the LLC to the new owner and the car actually never changes hands. Lease/rent a broker license plate so they don't pay sales tax and don't need to get car insurance.

There's a lot of people like this who make the thing go round and round and it leaves the typical owner on forums to keep thinking "how are they doing this", when in fact they are nothing like you or the typical car enthusiast.

 

I get all that but never assumed Dusty was anything other than a regular guy. If he is a broker/reseller- would have been nice to know. I always assumed he was a private party transaction guy. If he is buying and selling the cars as part of a business, then it makes more sense how he is able to flip cars so quickly without getting hit financially.

 

Looks like Dusty is finally getting smoked out of his foxhole.

Calling @Ferrari 308 GTB ! He loves a good fox hunt.

We have a Fox on the loose! Unleash the Hounds!!

 

Since anyone can walk in an purchase an STO without history (I did), I doubt any profits could be had trying to flip that car.

 

Exactly why Dustys now gone cold on STO. He cant afford to lose his collateral or, any of the money he borrows which could eat into any real collateral he may actually have.

This may also answer why he keeps returning to a ropey old used 458 which represents the value of his collateral. Plus it has a Ferrari badge on it which makes him look good to the punters in between spotting other potential money making opportunities which the dealers put his way.

 

Ahh man.....I hope its all legit. Dusty is/was a hero of mine being able to buy cars and get in and out on a whim with no care for cost. Now with the STO having no flippability...interest lost..... 765 currently selling for 100k over sticker. Sold Pista almost immediately. I mean more power to him if he making money on what many here consider a hobby but just be truthful about it. Damn you Shadow for bringing this up and telling me the tooth fairy doesnt exist.

FWIW - here is the TDF thread- purchased November 2020. Last post in February. Lots and lots of praise for the car. But according to Dusty, car was sold around May of this year??

https://www.ferrarichat.com/forum/threads/f12-tdf-new-to-me-journey-begins.632786/page-6

 

I do think that there’s usual demand for the STO. Partly because the car portends a ridiculously high level of owner satisfaction, partly because it’s the last of the marvelous dinosaurs. I think it’s about as hard to get as a 765LT (I know of half a dozen owners who count that car as their first ever McLaren) and those cars are $25-100,000 over list. I would expect the same for the STO. In fact, the inflationary times we live in almost guarantee some measure of short term bump on the car.

 

That’s entirely possible. Interest could very well spike if the press reviews are glowing and people start seeing them on the streets. The car does have a strong presence in the flesh.

 

I smelled a rat a long time ago tbh which is why he guns after me.

 

Not to change the subject but someone tell JCMD that his boy Tim also owns a Senna.

 

Agree there is demand on the STO but i also notice it bounces around like a lot of these cars have, which opens up opportunities when orders get called and fall over. And sometimes these types of cars come into stock from buyers who find they can’t settle the balance. This is where Foxy/Dusty comes in to play for the dealer.

 

The problem as I see it with the STO that its been forever since it was announced and first deliveries. People get cold feet or distracted or buy something else in the meanwhile.

 

It’s been a long wind up for sure, but what else are they going to buy? No STO customer is cross-shopping the Artura and 296GTB…. The lane the STO occupies is pretty lonely.

 

For sure buyer sentiment can change but in cases where buyers cant settle these cars come available. I saw this with Pista too. And the dealers do what they can to shift this stock as everyday it sits on the floor is money. Dustys so called Pista ownership was a dealers car he helped shift. Ask Dusty where his gifts are. He should have something to show by now

 

STO deliveries are warp speed compared with the GT BS. I’m not aware that a single customer BS that’s been delivered in North America yet production supposedly ends in less than 3 months.