Canadian Ferrari Value.

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...

 

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.

 

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.

 

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.

 

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!)

 

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!

 

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

 

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