The F50 Thread | Page 157 | FerrariChat

The F50 Thread

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by amenasce, Dec 28, 2010.

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Page 157 of 186
  1. Terra

    Terra F1 Rookie Rossa Subscribed

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    Which shop Federalized it? G&K, JK or Wallace?
     
    Terra, Dec 12, 2022
    #3901
  2. Karimsaid

    Karimsaid Formula Junior

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    Thank you for the depth and the detailed knowledge!
     
    Karimsaid, Dec 12, 2022
    #3902
  3. christiann

    christiann Karting

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    Karimsaid. To add to the mess each state in the usa has different tax rates for private party sale and dealership sale. Some can be the same for both. For example in illinois a private party sale in 2021 was capped at $1500.00 in tax. In 2022 the cap went to $10,500 in tax. If car was purchased from dealer its roughly 10% cost of the car. Using a 5 mill car you can see the difference of one cost of $10,500.00 and the other cost of $500,000.00.
     
    christiann, Dec 12, 2022
    #3903
    Karimsaid likes this.
  4. joe sackey

    joe sackey Five Time F1 World Champ

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    joe sackey, Dec 12, 2022
    #3904
  5. Karimsaid

    Karimsaid Formula Junior

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    Thank you, christiann. This seems quite tricky to navigate. I wonder how most expensive supercars sell in the US? Do they have, in general, such hefty taxes attached? If so, then it should slow down the change of ownership a lot.

    In the UK, there are no taxes involved in the buy/sell of cars (private or dealer or auction) except for the Value Added Tax payable (which applies only on the commission charged by the dealer or auctioneer).
    So if I buy a £1m car from dealer x and the commission is 5%, then I pay £10,000 of tax (20% VAT on commission of £50,000). Similarly, If I buy it through auction and the auctioneer’s buyer’s commission is 10%, then my tax bill is £20,000 (VAT of 20% on the £100,000 commission). And that’s it.
     
    Karimsaid, Dec 12, 2022
    #3905
  6. dariedell

    dariedell Formula Junior

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    Allow me to introduce you to the weapon of choice for the F40 buyer facing a $150k tax bill in California:
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    Last edited: Dec 12, 2022
    dariedell, Dec 12, 2022
    #3906
    willcrook, GHG, of2worlds and 1 other person like this.
  7. joe sackey

    joe sackey Five Time F1 World Champ

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    You'd think it would, but it doesn't, cars here trade often as discussed in the F40 thread.
     
    joe sackey, Dec 13, 2022
    #3907
  8. Karimsaid

    Karimsaid Formula Junior

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    Update on the last 2022 visit in on the F50JF refresh and micro-detailing:
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    Note behind the front grille how clean the radiator is…
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    …as well as the bottom part of it which usually accumulates water and debris Image Unavailable, Please Login
     
    Karimsaid, Dec 14, 2022
    #3908
    YellowF50, sjp, Caeruleus11 and 4 others like this.
  9. Karimsaid

    Karimsaid Formula Junior

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    Also the exhaust were just rubbed clean to as they were when they left the factory (no respray of any sort whatsoever)

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    and ‘under the skin’ underneath - everything meticulously cleaned
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    Karimsaid, Dec 14, 2022
    #3909
    Ryan S., YellowF50, Caeruleus11 and 2 others like this.
  10. Karimsaid

    Karimsaid Formula Junior

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    Karimsaid, Dec 14, 2022
    #3910
    Ryan S., YellowF50, sjp and 4 others like this.
  11. Karimsaid

    Karimsaid Formula Junior

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    Finally, some picture of the gearbox and engine (again fully preserving originality with only a good wipe - note original factory clutch still in place)

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    And just behind the bulkhead
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    I don’t need any further Christmas presents
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    Karimsaid, Dec 14, 2022
    #3911
    THE GT3, Ryan S., YellowF50 and 8 others like this.
  12. Rossocorsa1

    Rossocorsa1 F1 Veteran

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    Amazing. Beautiful work and admirable dedication to maintaining this great car at a supreme level. Thank you for sharing the journey with us.
     
    Rossocorsa1, Dec 14, 2022
    #3912
    Caeruleus11 and Boomhauer like this.
  13. Karimsaid

    Karimsaid Formula Junior

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    Thank you and my pleasure, Jeff.
    You pursued a similar quest with your Countach.
     
    Karimsaid, Dec 15, 2022
    #3913
    Boomhauer likes this.
  14. Rossocorsa1

    Rossocorsa1 F1 Veteran

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    Yes, though my Countach is restored. Like you, I enjoy maintaining it at an extremely high level. Keep it up. It's beautiful and you're doing a great service to future generations of enthusiasts.
     
    Rossocorsa1, Dec 15, 2022
    #3914
    Caeruleus11, Boomhauer and Karimsaid like this.
  15. joe sackey

    joe sackey Five Time F1 World Champ

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    joe sackey, Dec 15, 2022
    #3915
    Ryan S., Camelot, Timo Seefeld and 6 others like this.
  16. amenasce

    amenasce Three Time F1 World Champ Silver Subscribed

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    Any F50 going to Cavallino?
     
    amenasce, Dec 15, 2022
    #3916
  17. joe sackey

    joe sackey Five Time F1 World Champ

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    At least one I know of, to be confirmed.
     
    joe sackey, Dec 15, 2022
    #3917
  18. mikesufka

    mikesufka F1 Veteran Silver Subscribed

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    That is bad ass !!!!

    MDS
     
    mikesufka, Dec 15, 2022
    #3918
    Caeruleus11 likes this.
  19. Ryan S.

    Ryan S. Two Time F1 World Champ Silver Subscribed

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    Did this car go to Texas?
     
    Ryan S., Dec 22, 2022
    #3919
  20. Prancing 12

    Prancing 12 F1 Rookie Silver Subscribed

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    Perhaps unrelated, but a (repainted from Rosso) Euro F50 in Nero just landed in the Austin area.

    Joe's car, based on his description, could really only be one car and I don't think it's going anywhere anytime soon... Unless it wasn't born nero?
     
    Prancing 12, Dec 22, 2022
    #3920
    Ryan S. likes this.
  21. joe sackey

    joe sackey Five Time F1 World Champ

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    No.

    It was born Nero.

    The Eu F50 recent to Austin is our client's car, we also sold him the Nero Enzo.
     
    joe sackey, Dec 23, 2022
    #3921
    Ryan S. likes this.
  22. Ryan S.

    Ryan S. Two Time F1 World Champ Silver Subscribed

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    Was lucky enough to see it driving the other day off of 6th. Think it had just been delivered. Looks sharp in black.
     
    Ryan S., Dec 24, 2022
    #3922
    Prancing 12 and TexasF355F1 like this.
  23. BtvFerrari

    BtvFerrari Formula Junior

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    BtvFerrari, Jan 3, 2023
    #3923
    Ryan S. likes this.
  24. amenasce

    amenasce Three Time F1 World Champ Silver Subscribed

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    Anyone knows if the yellow one from Wisconsin is still there?
     
    amenasce, Jan 5, 2023
    #3924
  25. mikesufka

    mikesufka F1 Veteran Silver Subscribed

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    Wow - where abouts ? I’ve never seen one and it’s my favorite of the big 5

    MDS
     
    mikesufka, Jan 6, 2023
    #3925
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