Your opinion of this offer?

Not sure if I am totally correct, but if you plan to keep this car for a few years I would maybe consider spending a little bit more for a 2012 because you will receive the 7 year Ferarri maintenance program

 

$205 is pretty low but the 2011 doesn't have the maintenance program. However, on a private sale you could probably get around 220. Of course this way it's less hassle. It all depends if your time and effort are worth 20K? You also have to recall that winter months sales are SLOW (depending on local area) but spring and summer are hot with new sales so I wouldn't necessarily worry about the last two months as a deciding factor. For the dealer 6% of 205 or 230 is not that much different so they will likely push you to sell low and right away from a cash management standpoint.

 

My view is if the offer is in the ball park take it. The 488 is out shortly with a much higher performance spec and the warranty program. You will be chasing your tail hanging in a falling market for a better deal on consignment. If you want more money, sell it yourself but I suspect that won't be easy unless you have a good network of contacts.

 

i would take it thats a very fair offer very close to retail and u dont even have to do anything to sell the car lots of work goes into the sale at times

 

Read again...... He's selling his car and has an offer on it.

 

Will you be buying another car? Can you negotiate with the dealer regarding the 6%?

 

6 percent is cheap. I would take it. There are a lot of 458's for sale. Options add enjoyment but little value. If you sell it privately you will have to deal with PPI's etc.

 

Good for you!
In Ferrari-land, options are extremely desirable separators. And it sounds like you've got got plenty of them. Separators translate into "My Ferrari is better than yours."
I'd suggest Autotrader, Cars.com, and, yes, even Craigslist. With Craigslist, you can place free adds in any section of the country you want. So you might pick those areas known to be infested with moneyed folk (SF bay area, LA basin,etc.,). Find the zip code of the Ferrari dealers and put a Craigslist add in that area. Don't forget to advertise in Ferrarichat. Use as many pictures as you can and make sure the background flatters the car and the car is spotless. Avoid grease stained driveways and the like. You'll know when your done cleaning it when, at the end, you ask yourself "why am I selling this neat looking car?"
Post a picture of the cars "sticker," or something like it if you have it and make sure the price of each is option is visible. How are the tires? Do you have all the maintenance records at hand? Run a Carfax and find out what it says about your car. Offer to provide transportation and participate in the cost. Offer a PPI from the local dealer - paid for by the buyer unless he purchases the car. Always garaged, one owner, never tracked, never in an accident? Say it.
Get ready for lowballers. Keep your cool and be respectful. And be patient.
Good luck with it.

 

I have several different thoughts.
First, if you are planning on trading car in, then don't forget tax benefit of trade. 5-8% tax savings on new car replaces the $ you are losing on commission. Private sale and purchase of another car which you then have to pay tax on negates the extra $ you might reap from private sale.
Secondly, my dealer has lowered his commission if the price isn't as high as hoped. Let's face it, his overhead on your car is pennies as a consignment car. You lower price by $10K and it only "costs" him $600 in reduced commission. He gets a good commission even if less than 6%. Try and negotiate with dealer on his commission.
Lastly, I would be surprised if you can't get 192K next spring as a retail sale on your own. That assumes stock market has not cratered. Do not forget the wealth effect can help or sink used car market for these things. But, it is a huge hassle with NO guarantees when you try and sell a car at this price yourself.
In the end, you have to be brutally honest and decide if the gamble for more money is worth the hassle and risks of waiting.
Best

 

You're correct that 6% isn't a ton at the end of the day but this is why I asked if he's buying another car.... I'd never pay 6% at my dealer. Could I? Sure but if you're going to continue business you should try to get a good deal on consignment.

 

For the hassle of selling privately (I don't bother anymore) I would take it and move on. Yes options might be golden in Ferrari land but they are really only golden to one that values each and every one of them. See if you can reduce the commission if you are not entirely happy with the deal but it really is the season to be selling and the new cars are coming soon.

 

Let her go now. It'll only depreciate further. Suck it up.

 

Your deal sounds like a decent deal, not a great one but not awful. The thing you need to answer is what's the bottom dollar you will take, and my advice is if you can get within a few thousand of that, then sell and be satisfied. If you don't take the deal understand you may not get another offer for some time and the next one might not be as good as this one. Best of luck.

 

Three additional thoughts.

1) If you are trading in for another car and live in a state that the sales tax can be deducted then you must add that percentage to the final price (i.e. if you are buying a 300,000 car and sell for 205 you only pay taxes on 95K) However what folks always forget when they mention this is NOT all states allow for this deduction (CA and I think TX are two examples)

2) Forget about the "sell now the 488 is coming" mantra , at least for now. the average buyer that would want a 458 (not average of course) is not going get his or her hands on a 488 for probably 2 years without paying 25-50K over MSRP (so likely in the 350 range). There is a BIG difference in the 200 and 350 buyer (think current market Cali versus F12) You will be ok for at least 18 months IMO. Im sure lots will argue this point

3) Selling an exotic is not really that hard. I've done the trade and I've sold myself. Put an add in Dupont with lots of photos. Be prepared for some trolls but It only takes one buyer. IF you want to sell quickly list it low (210-215) would be a great price for a loaded 458 with low milage. You are getting nearly 20K more for very little work. Before I bought my 2014 Italia I sold my 2012 Gallardo this was and it took 10 days. Buyer paid for a PPI and organized shipping and 10 days later a shipping company pulled up to my house and took the car.....Seriously easy.

Anyway good luck!

 

It sounds like a decent deal and the clock is ticking on an 11 458. It will only go down from here as people get all geared up for the 488.

 

Sold my 2011 yesterday with 8500 miles for $200,000. Dealer commission was 7%. I'm happy with the deal and my buyer got an absolutely gorgeous car. Now the painful wait for the 488 begins

 

I think that is a very very fair price. Wait until winter and Id suspect itll be $20k less...there are alot of 458 for sale.

 

Bird in hand .........

 

Yep, take it and move on. Time is a wastin'...

 

If they wanted to cheat you, they could do it pretty easily but it would cost them their reputation if they were ever caught. Do you trust them?

 

What color?

 

Sent you a PM....oh, what color? Thanks