Canadian Ferrari Value.

Hi Guys,

I am sure that this topic has been discussed MANY times before but.......

If you have a Car for Sale in Canada.....do you not wish to Sell that Car?

I have been watching Cars for the last year. Currently I can buy a near pristine F355 US Car for $65,000 CAD, Landed at my door, with ALL of the costs taken into account. Don't give me the FNA $10,000 import costs as a excuse, EVERYTHING can be done, in the US, to make the car compliant for less than $500!!!! I know this because a family friend is a Car Broker and imports cars for a living.

How come all the Selling Parties in Canada (Dealer and Private) think their higher mileage vehicles are worth $20,000-$35,000 more?!?!

If your car is not for Sale, why do you insult Potential Buyers with a Price that is nothing Short of Ridiculous?

I know everyone has A LOT of money in their Cars. However, if your car has been on the market for more than a year and you still have the original price on it with FIRM beside it......your Car is not Actually for Sale.

Has a single 355 Sold in Canada in the Last year? And what was the Selling Price....thats some info I would like to know.

Just my 2 cents.

 

I'll bite...

Why haven't you bought one in the US then? You know what they say, money talks, bull...

And yes, I know of several Canadian F355s to sell in the last year. Some near US pricing, some well over $100k for pristine, Canadian F355Bs...

 

Truth be told, I am still looking. I am a little picky when it comes to purchasing my Dream Car.

100K+ for Pristine, wow. For that kind of money I can buy a Very Nice one out of the States AND a Beat one to use as spare parts!

I suppose people in Canada have money to burn.

Thanks for Biting though....I always love a good debate.

Prancing 12.......I would LOVE to see some links with a "Sold" Text over the picture and the selling price. I just can't believe someone that is going to spend 100K on a car would not try to save 1/4 OF THE COST!!!!

It just dosn't make any sense, no matter how much money you have.

 

You are missing his point.....he said that he can find a 'pristine' F355 in the $65000 dollar range, compared to your estimate of $100k.

Thats a $40k difference for the same car, just different country.

I too am baffled about the price differences....there is absolutely NO supply and demand excuse being used in Canada.......there is lots of supply, and very little demand, therefore prices should be extremely low, but they are not? Why?

I can understand a High US dollar being the reason for a high Canadian exchange price. IE... $100k US will equal $140k Canadian during regular economic times. But this has not been the case for the last 2 years since the dollars have been equal if not +/- 5% of eachother.

Why can't we buy a pristine F355 in Canada for $65k yet? Advice please.

 

There is a Hyundai forum?!?!

What the Hell am I doing here then?!?!?

My Mistake.

Enjoy your Ferraris! Drive em like you stole em'!

 

Thank You starboy!

 

Sorry Lucas but our dollar was as high as 1.10US 2 years ago and then a year ago fell back to .78. It has since climbed back up to .95. The Canadian dollar has been up and down like an elevator. You cannot realisticly expect the price of a Ferrari to do the same. The price of houses are very low down it the US and Im sure glad that my house is still worth what it is. Pro stock seems to think that those low priced yanky cars are beautiful but has he actually seen one in person. Any car can be made to look good in pictures but when it come right down to it there is an old saying we use around our firehall, "you cant polish a turd" and many of those cars (not all) but many are turds with much more millage than the ODO says they have. BTW I would like to know where in the USA one can upgrade to the 8km an hour bumbers for a 355 for $500. Its one thing to talk about it but quite another to do it.

 

Hi 355,

I have read many of your posts and you seem to be quite knowledgeable about the 355.

Yes, the Canadian Dollar has been "on the move". However, if you wish to sell your house today, do you not have to price it accordingly? I can ask $400,00 for a $300,000 house but it WILL NEVER SELL! If someone is selling a car, this rule does not apply?

If something is Actually For Sale, it should be priced close to current market Value. Otherwise it is just an Ad with a Pretty Picture of a Car.

Now a technical question: I was under the assumption that due to Canada relaxing its Importing Laws, the Bumpers on the US 355 were fine and did not have to be changed.

Is this incorrect?

Thanks.

 

Well if they changed it in the last year then ok but I doubt it. I have seen many american 355s that have come up here and they are well used. If I was still looking for my 355, yes I would look south of the border too but it would have to be a prestign car and I would never buy untill I fly or drive there and see it on a hoist with my own mechanic. This costs money and there is only a small chance that car will pass a ppi. Most of the guys getting rid of their 355s are guys that buy and drive and when they are told what the service and or repairs are worth, its sell sell sell and its usually on ebay. A good 355 is very hard to find. I was lucky to find mine and I wouldnt take anything under 100k for it. The 355 is a car that needs to be sorted but when it is, its an amazing machine indeed. Kinda makes the 3x8s and the 348s look like they belong in jurassic park.

PS there are 355s out there now whos build dates are surpassing 15 years and those cars can be imported without doing mods.

 

I'm going to guess that most of these Cdn cars were bought in the US for said 65K. Guy buys a car, drives it, enjoys it, and decides that if he can make 10-20K+ on the car....he'll sell it, if not he'll keep it. Why does it bother you if someone is asking too much money for their car? don't buy it.

That being said I don't understand why dealers will ask huge dollars for a car that can be bought stateside.

I understand your frustration and your "reason" for not buying is that your too picky. Realistically, although it is easy to buy one in the US...... it's a PITA. Not the import part per se, the actual buying process. Talking, viewing, wire tranfer, transport, time, trust, etc etc.

There is something to be said for buying one local and I think as Canadians we should expect to pay a little bit of a premium, 10%, maybe more??? But for a 30-50% premium I think most of us will choose to go to the US.

 

Right on 355!

Good thing the only year I am interested in is a 95.

Nice car BTW.

 

Changing the government rules for the Canadian bumper standard broke down the 'price protection' wall that Canadian market Ferrari models enjoyed previously. For every Canadian Ferrari there are probably TEN in the American marketplace. On average if 80% of the American cars are beat on junk with the odometer rolled back that still leaves two good American cars for every Canadian Ferrari offered. You can also be sure every Canadian car is not perfect either. For car buying; America is the 'land of opportunity' if you know what you are doing...
CH

 

The reality is that most of the cars for sale in Canada are looking for suckers. That's why the same cars are listed for years! They are not "real" sellers.

I have been told from people in the business that the actual sales that occur are no where near the ridiculous asking price. Remains to be seen.

It is not very hard to get a car from the states. You can get around having to deal with the canadian dealers money grab in most cases. They are designed to scare you and discourage you. It is a bit of an inconvenience to buy from the states and that inconvenience may be worth paying a small premium for a canadian car. Personal preference.

Real buyers are forced to go to the states, especially when our dollar is strong.

 

Also the reason for the premium on prices is that FoO won't take any US cars on trade, so it's either a private sale if you want to get ride of it, or you're stuck with it.

I imported my 360 from the US and have no regrets. I've driven it over 8,000 miles in just over a year and a bit and have barely spent any money on repairs and maintenance. It's been a dream for me. I couldn't be happier

(Except for the fact the prices dropped like stones 3 months after I bought it, but that's a different story!)

 

That is a shame. It would be nice to deal with a fellow Canadian and keep the money North of the Border.

Alas, there is just too much difference between Canadian Sellers and their "Asking" Prices, compared to what you can buy in the States.

I have the Help of a Car Importer so the "process" does not scare me at all.

Buying a Junk car and Paying waaaaaay to much for it does!

 

Thats weird, I figured FoO would jump at the chance to buy a car for 1/4 of the price and then sell it for double what its worth.

They must be slipping.

Fo0 are some of the biggest crooks in the business!!!! I guess they have to be, have you seen that new building?!?!? Bet that cost more than a $1

(just my opinion)

 

One of the nicest 355's that I have seen just sold yesterday from Daytona. It got big money and it deserved it. Yellow on Black GTS with Yellow stitching. FoO sold that car just over a year ago for $120,000 plus taxes and with only 14,500 kms. A few of us are very familiar with that car. I wanted to buy it but it was too rich for my blood. If you want a good car then you are going to have to pay for it. Plane and simple.

Just ask the regulars here - it's always pay now or pay later. Does anyone not remember the recent $44,000 engine out service a 355 just underwent? Do you guys not understand that to own these cars costs big money, and that the cost to buy it is just the price of admission? For the most part owners here pay big money for their regular maintenance costs and some (like me) spend hours of time trolling the net for some stupid part that nobody has anymore and will probably pay big money for it just to make sure their car is perfect. Most of us that have good cars aren't going to give them away at any price, let alone what they are going for today. If you don't like the Canadian prices then don't pay them and go down south. Just refer to the "Where to fix your car thread" as you will need it!

 

Hi Ron, keep in mind that some of the nice cars that exchange hands for big money are not publicized anywhere. It's between colleagues and perosonal contacts etc. So no one will be able to prove too much for you on paper or in links etc.

I see your point but people will always pay big bucks for a local clean car. Personally i'd do the same. But I have seen some nice stuff down south....but like 355 said I'd be catching a flight first!

 

Ok, Fair Enough. What was the Selling Price?

As far as needing the "Where to Fix you car" Thread......

Anyone and Everyone that owns a Ferrari Needs that thread, regardless of your cars condition. We are talking about Ferraris here.

To Assume that because a car is Priced at $65K, is any worse than a car FoO priced at $120k is a joke! It ALWAYS boils down to the individual car.

About the $44,000 Engine Service, what would you have paid for that car pre-service? Would he have sold it to you for that much? I doubt it! And how badly was this car neglected that it needed that much work?!?!?!?

A car ALWAYS has the right price....regardless of condition.

Canadians seem to think they are exempt from that rule.

 

355 bumpers do NOT have to be changed anymore, NO BUMPERS NEED TO BE CHANGED ANYMORE.

 

Hi Vasco,

Trust me, I would never buy a car I havn't seen with my own 2 Eyes!

 

Perfectly said !!

And to add, you will notice the orginal poster said a 355 for 65CDN in the US....peope tend to forget that there are alot of Katrina cars that come from the US...plus alot of those Arizona and Texas cars sit in the Heat at 110 degrees and drive for 12 months with the speedo pulled. But nobody ever talks about those cars that are bought...do they ?

If you buy a 355 for 65K i would love to see it compared to the ones that sell for 100K...would love to see those cars side by side...lol....!!!

Bones, you know your 308 is only worth 22K on fchat ...wanna sell it

 

I know it is not a 355, but how about a 348 Special 93

I have had it for year, I am looking for a 512 BB.

I placed an add in Auto trader last week. 61 Can

 

Hi Big Red,

I respect your opinion but......if I do end up with a 65k Car, I would be more than happy to line it up beside.....let's say......355's car.

I can assure you there will not be a $35,000 difference.

And to assume that All US cars are Flood Damaged or anything else of the sort is ridiculous.

There will be good and bad cars anywhere you look. The key is to keep looking till you find the right one.

There are Gems in the States and there are Gems in Canada. The only difference is the ones in Canada cost 30% more.