The F50 Thread | Page 167 | FerrariChat

The F50 Thread

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

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  1. Karimsaid

    Karimsaid Formula Junior

    Oct 2, 2014
    562
    Hi Joel, hope you are enjoying driving your F50 in this nice weather. Two F50s sold recently here, one with very high-mileage surprisingly achieved £3m and another with high-mileage achieved £3.7m. And currently you have two low/very low-mileage ones each at £4.5m (both were offered to me a couple or so years back). What they will achieve and when, is to be seen.
    The key if you are an F50 seller is to be financially strong so that selling in one or one-and-a-half year later is of no concern. Dealers don’t like that as they want the sale to happen ‘now’.
     
    JagShergill likes this.
  2. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
    The Carhuna / DK Engineering car is now listed with Graham Rahal.
     
  3. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    To be fair, the old adage asking is not getting is particularly applicable to F50s as several have been for sale for a long time, and, there are several low mileage F50s available for the equivalent of the mid-£3ms.

    True, if a seller is financially strong then they can take their time selling, but IMHO it's never a good idea to have a car on the market unsold for too long because it suggests the price is too high and it dimities that car's desirability in the market.

    I don't speak for other dealers but personally I don’t mind a bit if a potential seller wants to wait for a better market, nowadays our Supercar buying clients have so many makes & models of similar value to choose from as options.
     
  4. Karimsaid

    Karimsaid Formula Junior

    Oct 2, 2014
    562
    £3.5m * 20% import duties = £4.2m (then add air freight).
     
  5. Karimsaid

    Karimsaid Formula Junior

    Oct 2, 2014
    562
    they are welcome to buy whatever other cars they want…
     
    Boomhauer likes this.
  6. joe sackey

    joe sackey Five Time F1 World Champ

    May 23, 2006
    57,525
    Southern California
    Full Name:
    Joe Sackey
    The F50s for the equivalent of the mid £3s I'm referring to which are in the USA where they can sell to the large USA market without any import duties or air freight.
     
  7. JagShergill

    JagShergill Formula 3

    Dec 31, 2014
    1,827
    England
    Full Name:
    Jag shergill
    Amazing Karim - as always !
     
    Karimsaid likes this.
  8. christiann

    christiann Karting

    Nov 29, 2006
    207
    Any recommendations for carbon fiber restoration for door panels and other removable pieces in the states. Also any feedback appreciated if the panels should just be left alone and stick with the patina. Thanks
     
  9. 500drvr

    500drvr Formula Junior

    May 5, 2014
    297
    So Cal
     
  10. 500drvr

    500drvr Formula Junior

    May 5, 2014
    297
    So Cal
  11. Ferrari 360 CS

    Ferrari 360 CS F1 Veteran

    Dec 4, 2004
    6,887
    Cape Town,SA
    Full Name:
    Jacques
    There was such an incredible hype in South Africa when this car was sold (I have no idea what the price was). As I have learnt selling out of SA to the UK is not particularly easy because the conversation generally is around the high import duty in the UK and the need to "adjust" prices accordingly.

    Hence I am not surprised it now seems to be "touring" the USA. The first owner who I knew quite well will be looking down the smile on his face.
     
  12. christiann

    christiann Karting

    Nov 29, 2006
    207
    thank you
     
  13. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
    The price circulated by the South African representative was R70,000,000, which at the time was high US$3s, or mid £3s.
     
    Ferrari 360 CS likes this.
  14. Karimsaid

    Karimsaid Formula Junior

    Oct 2, 2014
    562
    I saw the car the day it arrived in the UK and over dinner with the owner I made a casual offer. But the belief was that there is more money to be made by paying transport and 2.5% import duties and selling it in the US.
    I don’t believe that import taxes in the UK are pertinent as the SA owner could have sold to any buyer irrespective of local duties (for example in Australia or Denmark the overall import duties would be much more than in the UK). Furthermore, the new owner ended up not paying any UK duties…
     
  15. Ferrari 360 CS

    Ferrari 360 CS F1 Veteran

    Dec 4, 2004
    6,887
    Cape Town,SA
    Full Name:
    Jacques
    Very interesting....was sad to see one leave as its nearly impossible to bring anything back into SA.
     
  16. 250boano

    250boano Formula Junior

    Apr 27, 2022
    450
    Europe
    Full Name:
    DD
    How come? I left over 20 years ago so not familiar with the lay of the land anymore!
     
  17. Ferrari 360 CS

    Ferrari 360 CS F1 Veteran

    Dec 4, 2004
    6,887
    Cape Town,SA
    Full Name:
    Jacques
    The problem is you end up paying nearly an effective 60% import duty and you cannot import a LHD car unless by some absolute miracle you can convince the authorities its a collectable car.
     
    willcrook and 250boano like this.
  18. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
  19. TFPG96

    TFPG96 Rookie

    Jul 13, 2016
    49
    UK, Herts
  20. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    24,860
    107130 of Patrizia C.

    Marcel Massini
     
    joe sackey, TFPG96 and ivo73 like this.
  21. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,425
    Full Name:
    Joe Mansion
    Never understood why they didnt paint the headlights cluster to match the body color.
    Also did i miss it, or the auction doesnt list the mileage?
     
  22. Prancing 12

    Prancing 12 F1 Rookie
    Silver Subscribed

    May 11, 2004
    2,757
    The long way home
    "Just 9,100 kilometres from new"
     
    amenasce likes this.
  23. Karimsaid

    Karimsaid Formula Junior

    Oct 2, 2014
    562
    In collections like the Bloodline Collection, where quality is paramount, a car is not purchased unless it is excellent on many fronts (including mechanically and driving-wise) and during the ownership period, the car is taken care of as much mechanically as cosmetically and on the other dimensions of quality
    Before Purchase: This car was stunning when test driven in Germany in January 2012 during my first inspection. Additionally, it was bought from the largest official Ferrari dealer in Germany who carried all necessary work to make it as good as needed mechanically to warrant them giving a full guarantee lasting a year or more. Also engine compression tests were done and sent to two other official dealers in the UK (J. Macari and Maranello Sales) for indepinspection and advise.
    After purchase: It has been been driven regularly and not only with a Tubi exhaust but I also installed a straight pipe for many years (no to look at the exhaust but to to enjoy high-rpm music).
    .
     
    YellowF50 and sjp like this.

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