Anybody in Miami/Ft Lauderdale area?
Fascinating seeing the differences regionally - GTS in UK was £30k under list very briefly end Q1 early Q2, is now very spec sensitive. A good one of broad appeal will fetch £15K under with an independent and maybe list at an authorised dealer. No chance a premium and can still get H2 2022 slots if connected, though running out faster. It for sure will hold money better than the coupe, I predict the bottom at say 75% of list versus 60%.
I'm in the UK and find this info very interesting. I recently bought a high spec 812 SF from a main dealer with 1.8k miles for about £100k under new invoice cost. Are your predicted future values based on trade prices or retail as there is a sizeable spread between the two.
Who knows John, I think SF is a great buy at that money. As open top V12s are historically rare, likely to be slightly less supply I think they will be a touch more resilient. Enjoy your car
Not worth taking the short term capital gains hit … especially when there are smiles for miles. I have a 812c coming in so might have to make room in the garage but ignoring this for now. Similar to the Speciale I think the 812 GTS is a very special car and even if values dip over time they are going to come back high. The end of NAV12 aside, Covid, microchip shortages, and an already limited production run are going to be hard to account for in the long run.
Curious…have you participated in any of the racing programs w Ferrari? I missed out on the c with a relatively decent history but not in the challenge program. I did get an early GTS which I love.
Yes … tbh I’m not sure how I feel about the back of the 812c but wasn’t given the option of the 812ca…
That actually makes me feel better . It is interesting. When I first saw the photos I thought hey were air ducts and cool…when I realized they were fins that were stuck on…a little less cool. Don’t get me wrong, would take one in a second if offered. Congrats!
To the OP Local dealer sold for 799 against 530 spec. Subtract 6% for consigning fees. So 200+ at 6 months. Nice spec. White car CF race seats etc. @Avia11 how/ why reporting gains? Don’t usually make money on my cars but curious. ScottS Sent from my iPad using Tapatalk
Unsure of the mechanism but in Vegas they report. Real estate same idea. Not sure how the cost basis is tracked etc with cars. That said maybe others with experience ? If you keep a car and it becomes collectible,do people report those cars as well? Never thought about it. Sent from my iPad using Tapatalk
I believe it’s only applicable if you sell it. So if you buy a GTS and sell it for 200K over you have to pay short term capital gains. If you keep it and sell it after a year you pay long term capital gains. That’s why I default to just keeping them. My dealer told me the cost basis was the cost of the car + add ons (PPF, ceramic, exhaust etc) + sales tax. I don’t know for sure though.
Crazy that the US charges capital gains tax on a car (for personal use)! I don't suppose you get a tax credit / offset for selling at a loss?!
Maybe it's just me, but I'm surprised the the OP, DrNik, has yet to comment or chime in any of our posts/comments? I also just remembered that the OP also had his 812SF for sale last November and in same fashion never commented on replied to his own thread either. https://www.ferrarichat.com/forum/threads/for-sale-2019-812-superfast.632848/
I am not sure why you would report it unless you feel obligated for some reason. No one would know otherwise.
Even if it's personal-use you'd still report it as a capital gain. https://www.irs.gov/taxtopics/tc409