Because thats actually how you bid on an auction..h'es taken all the dreamers that may become involved out and put in a strong bid..if you make stupid small bids more and more people will come in and become emotionally involved in the bidding and drive it much much higher that it would end up if someone makes a strong kill bid..its big boy tactics that know how to bid to win..
Here’s the minimum any running 355 is worth. https://bringatrailer.com/listing/1995-ferrari-f355-spider-27/
I sure hope the buyer knows what he's doing. If not there is a steep learning curve ahead with many stops along the way. It's going to be quite the experience and I hope he follows through and shares the progress. Parts availability and their associated costs may be the biggest challenge. I'll gladly share any knowledge that may help it be successful.
Did you have any paperwork showing a previous sale/ownership in the US? I have avoided the import duty myself by having paperwork from the previous owner. https://www.cbp.gov/trade/basic-import-export/importing-car "Re-Importing A Previously Exported Vehicle A vehicle taken from the United States for non-commercial, private use may be returned duty free by proving to CBP that it was previously owned and registered in the United States. This proof may be a state-issued registration card for the automobile or a bill of sale for the car from a U.S. dealer. "
I've imported half a dozen cars from Canada. The process is not difficult at all for ex-US cars, but there are several variables. If you fly up and drive the car across yourself, you can sometimes avoid the duty if you have proof of prior US registration. Usually, calling the CBP office where you will be crossing and asking what paperwork they'd like to see will have the best results here. If you ship the car back, the cost will be: ~$300 for customs broker ~$550 for continuous or one time entry bond 2.84% of vehicle value (duties + MPF) Shipping cost
John, that's about as close as you will get to Ken admitting "You were right! (Except off by 50%)" I still contend this would make a good donor for GTS that needed a trans or the GTB sitting in F-chat classifieds (sans drivetrain). It would take a lot of work, but it could be an epic "modificata" type resto-mod. If everything I've understood here to be true the parts alone would pay for themselves.
yes and we didn't land on the moon- conspiracy theories aside, this is how you bid on a car to win it! Also "shills" won't risk losing $5,000 if no other bids come in and if its too low it will be RNM anyways...
I agree with Tarek. Someone wants the car, and wants to send a message to the other bidders that he is serious about it.
Importing that car back into the US will incur a 2.2% duty...even though it was originally delivered in the US. The main benefit of re-importing a US car is you know it conforms to all DOT/EPA standards...and hopefully still has the MPH cluster in it.
The 355GTS stick especially a 1999 will always hold its own it’s a very special car and will remain so . I’ve said this before I’ll say it again I feel that the 355 GTS stick will follow the same flight path in the future as the Dino It will always remain a very sought after Ferrari
True. Of course. you could have bought the red 98 F1 for 93k and the yellow "project" spider gated car for 46k, paid someone 50k to do the conversion and still come out 100k, or more in the green plus lots of spare parts.
Duty is 2.5% + 0.3464% MPF. Total duty + MPF is 2.84%. MPF is capped at $538.40, so imports over ~$155,000 will all have the same, flat MPF. If driven back over by the new owner and if old US registration paperwork is available, some CBP offices will waive duties (in my experience - Portal, ND, International Falls, MN, and Windsor/Detroit crossing). In that personal import scenario, cluster also does not matter.
perfect explanation, as i've imported a couple of Porsches from Canada that were originally USA cars, one of them when going through a broker had to pay duty (they usually just make you pay it to avoid any hassles to the trucker) , the other a friend drove over himself and the officer didn't charge him any duty
That is the saddest car I’ve seen in quite a bit. I’d love to see the person of low standards who caused that heap to be created. It looks like a homeless camp on wheels.
Speaking of which, this showed up yesterday at our C&C. It's a 911 with a fold up tent mounted on the roof. It flips over and has a ladder to climb in. Sleeps two. You know, for the homeless 911 owner. Makes me regret my 355 is a spider. Image Unavailable, Please Login
It appears the Yakima roof top tent trend is in full effect. https://www.google.com/amp/s/www.motortrend.com/news/acura-nsx-t-camper-with-trailer-project/amp/
