Tragedy, Ferrari Enzo untouched for 5 YEARS !

What about this man Ibrahim Abou Ayash ? Is he convicted and is the car released for sale to pay his dets ?
If so, Zaid R, be aware that he is coming after the one who sold his car. He is going to give that person $$$$$$$$....between his 2 beautiful eyes. I dont want to be in his shoes...thats for shure.

Enzo52

 

Lebanese wasta system is a joke. If Ziad managed to get in touch with the people who are really legit on this car then props to him.
It's like hell in a nutshell. You go, you bribe, and you realise than even if you bribed the right person there is some other authority that can cancel your venture.

 

I agree. I think that whoever gets himself involved in this mess might end up with quite a bit of mess himself........

 

Showing clearly that ZiadR's claim that he is in charge of the fair sale of this car is a cock-and-bull story with zero credibility.

 

How so?

He is no better off than any of the others that have wasted their time.

Let me clarify the "situation around here" for F-Chat members. This car is tied up by the Lebanese Government as evidenced by its 3-year confiscation, and will remain so for years. I will wager that whomever it is within the Lebanese customs that is talking to ZiadR about selling it, has absolutely no authority to do so. Feel free to prove otherwise.

 

Joe............I am not wasting my time on this Enzo. Chances of not being able to obtain it are ofcourse big, but we are trying our best and through higher authorities and acquaintances. I will not take huge risks. The car is not being sold through customs, it was held there abt. 3 years ago by a court order while the owner tried to export it. The car will only be sold by a decision of a judge, not by customs. Furthermore, the car's title is not in the name of Ibrahim Abu Ayash...........it's owned by someone with the name "Kahwagi". I have spoken to Ibrahim Abu Ayash's son who happened to be a good friend of a friend of mine.

 

If it doesn't go further, just get it sold for parts and rhalas.

 

OK keep us posted.

 

Unless you get it at a great price...its not worth the hassle. Good luck, keep us posted.

 

Joe's explanation sounds quite reasonable to me. But I don't want to participate in speculations and creating suspicions but hope that everything is legit and wish that Tarek can soon enjoy his new Enzo.

 

I have started to read this thread for a while now. Tarek...good luck on this matter! Hope you can save this Enzo from all its suffering.
I will check this thread regular for new updates

Gr.

Vu

 

I am sure whomever is smart enough to amass the wealth necessary to purchase an Enzo is also smart enough not to entrust this Ziad guy with one penny of it. His story is full of twists and turns, and above, he outright admits to making a promise and then immediately breaking it. He is a guy without honor.

Also, (partly) in his defense... don't forget the mindset of a 22 year old who is perhaps goaded into embellishing things. The "you dont understand how things work in Lebanon" only goes so far. It is implausible in ANY part of the world that some guy at the customs house who would be the gatekeeper of the facility or even the person in charge of the building would have anything like the authority necessary to sell the car, and if they did, does it sound plausible at all that they would do so through a 22 year old kid that showed up to take pics and "seems like he knows a lot about cars"?

This is an educated guess, but I'm willing to bet the truth is something more like... kid shows up to take pics of Enzo, asks some questions and is told it will be sold through auction due to the circumsances of it's ownership. Kid says "maybe I know someone" and is likely told "sure, tell them to get in touch, we're more than happy to deal". Kid embellishes this into "I am authorized to sell this car", comes to Ferrarichat trying to find a rich guy who is interested. He has some info, what he doesn't have he just makes up (i.e. price), and figures if he can insert himself in the transaction as some sort of buyers representative or conduit between the buyer and government, then he can pocket a chunk of change along the way of buyers hard earned money.

Tarek, I know you are a smart guy, and I know you know what I'm talkin' about and are smart enough not to let your heart overtake your head - so we will see what the final outcome of this will be.

The other thing to keep in mind is that there are likely PLENTY of wealthy and very connected people who have known about this car for a long time, and haven't been able to get it. If it was available for cheap money, it would probably have been snapped within hours or days of it being available. The idea that a 22yr old kid who went there for pictures is going to be "the one" who gets this car out of the gov'ts grip is laughable.

My .02

 

I don't agree with you Mike on all the things you said but i "feel" this part. Met many people like this. Age not relevant, from 20 to 50.

Well, in my opinion if somebody that young will get a 800 000 dollars car out of the government grip there's nothing to laugh about. It would be very impressive. This case is different because Ziad is far from being a pro.

 

You're right - although it seems to be more prevalent with younger folks who are desperate to make thier mark, get some flash going, etc. Either way, it's something to be wary of. There is NO shortage of people who will promise you the moon and "forget" to tell you about the risks, provided two things... first that they stand to gain, and second that it's not their money they are risking!

Sure, but that's a big IF. People are people the world over... just because it's Lebanon, I am not sure that over there, people are unaware of the value of something with "Ferrari" on it, and are too stupid to check the market value before they sell... and just because it's there, that 22 year old students are given the same opportunity to buy or broker a vehicle as internationally known car collectors or brokers, or wealthy businessmen with the means to purchase.

It just stinks... and I haven't seen anyone say it outright yet.


Of course, this is all just my opinion and I could be completely wrong. I really hope Tarek gets the car for a song, because I know he will post pics of all the women it attracts , and because he's a nice guy who deserves to win the prize.

We shall see.

 

In my experience, this notion that it is more prevalent with younger folks is inaccurate. Perhaps within the context of 'internet deals' but beyond that, it's not the case. Most incompetent brokers I've come across whom have injected themselves into a deal above and beyond their knowledge and expertise were 35-65 y.o. The traits you listed (desperate to make their mark etc) were certainly evident with guys (of all ages) who either crossed over into brokerage from a previously unrelated field or who felt 'business savvy' enough to play one-time broker for a 'cut' of the transaction.

But this discussion is irrelevant to the context of the Enzo deal. As Tarek has pointed out, the purchase will be made through higher authorities and not through Ziad. Any third party payment to Ziad, since his ongoing involvement (getting him in contact, general info, etc) in the arrangement may have been valuable to Tarek, will be determined by both Tarek and Ziad if Tarek is to take purchase of it.

 

Why would anyone say that and spoil a brillant thread

I think most realise it would take an astute individual familiar with the region to complete a transaction - and such a person is unlikely to be mislead by an enthusiastic youngster

Now back to the scheduled programme!!

 

Good Luck! Although, I don't see this being resolved any time soon...

 

After reading 20 pages of this mysterious-neglected Enzo that no one can buy.....wouldn't it be easier to just pay $1.3 million or so for a no story, maintained and documented Enzo?

Surely someone like Tarek has no problem coming up with the extra cash, what's another 600k?

 

I'm sure everynow and then ppl can pick up a bargain but its like winning a lottery.

most of the time if its too good to be true, its simply too good to be true.

 

Perhaps he could just front up with the cash - but where would be the satisfaction in that? This thread is about the potential to save an Enzo languishing in captivity and restore it! It is very sad that a 5yr old car has been allowed to degenerate into such a state that it is going to essentially need a full factory refurb to recover

 

I was going to purchase this vehicle, but passed on the opportunity for two reasons.

1. Lack of studded snow tires and steel rims/half moon hubcaps for this make and model.

2. Lack of Classiche Certification.

Good luck to the eventual owner.

 

Yeah well that is a deal breaker! I think you'll find that any delays in the negotiations between Tarek and the government actually do hinge on the studded snow tire inclusion!

 

The paint is 10% recoverable on that Enzo, it would take a little sanding and a lot of polishing, but 5 years of degradation could be removed quickly. I wonder if the interior has sun faded?

 

Thank you for your concern Mike.............like I said in an earlier post, the car is no secrect and many over the last years have tried to purchase it and failed.

 

Am I correct when I say that there is an official Ferrari dealership in Lebanon?
If that is the case indeed it would be far more logical that the government/customs contacted this dealership if they had the intention to sell the car.
The reason ZiadR gives: 'nobody know what kind of car it is and I know a little bit about it' is not very credible in my humble opinion.

I do understand that some things in Lebanon go a little bit different than in other (western?) counties. But if you have a red supercar with the name Ferrari all over it and you want to sell it, the first thing any sensible person would do is find a company that sells them.

So you turn to the importer or a dealer that sells those kind of cars.