Ferrari LaFerrari for sale for $5m

even if they make 700 it's not like they're making 1500

f40 wld be worth 5M today if they had only made 500

 

Surely the cost of repainting any car and conversion from EU to US specs plus import taxes is not worth a >$1m premium? There are enough threads on here about people converting other F cars for US import. Perhaps Joe could give us a view?

 

I was to,d it cost 50 grand to convert LaFerrari to full US spec

 

The last Enzo to be converted to USA specs cost @ $75k to do IIRC, so I can't see it being less than that.

 

Certainly much less than $1m but I'm not sure a color-change is beneficial as a red car will always be considered red even when in another guise.

Ive sold 2 black Enzos in the USA amongst all the others, and they brought @ 10% more than market average.

 

Are you saying then that a black car would command a premium, but only if it was originally black as opposed to repainted? I know its going off topic, but would you expect the same premium to apply if one of the non-red F40s were for sale as well? I guess we may find out soon if a black F40 here in the UK does indeed come up for sale.

 

Yes, for sure.

 

Agree with Joe and conversely a F40 or 288 in anything other than the original red would likely trade at a discount.

 

I mostly drive on the street and show the cars with occasional track visits.

The Enzo will pretty much get you into any show and I get calls all the time to bring it out. It's a showstopper on the street, and is one of the reasons I don't lust after LaFerrari just yet. I see LaFerrari as a refined Enzo. Enzo is always my first choice for high-speed events. It's OK on mountain roads, but a new GT3 is much faster.

F50 is my favorite for the street. It will scare you!!! Shifting a V12 at 8,500 with pretty much no insulation is always a thrill. No power down low, but it's a monster above 6,500. Also a show favorite. Just a thrill to drive on the street.

Just took the F40 on a drive this weekend with friends. It drives like a truck, but the acceleration is still fierce, not unlike my Ruf Turbo R. Not great in the turns and turbo lag, so I usually don't take it out for fast mountain rides. But the group loves to see it accelerate!

In summary, these cars are not about performance anymore, although they are faster than anything you'll ever need on the street. They're about memories, charm, and people.

 

That is a great summary Bill S. Well said.

 

Thank you, Mr S for taking the time to address our questions...T

 

Thank you for that Bill.

 

Is the La Ferrari on Ebay now legit? does it exist? whose is it?

Ferrari Other | eBay

 

I'd say fake. The VIN is to a toyota prius

http://www.autodetective.com/vin/JTDKN3DU2E1788497

 

Ebay needs better policing policies

 

Naples Motorsports sold it for $5mm on September 19th:

Used 2014 Ferrari LaFerrari for sale in Naples, FL | Fort Myers

Pic of it being shipped off: http://photos4.automanager.com/012359/5f53cae995d74fa0b25a28b81ba1b10e//buyerphoto_355.jpg

 

Might be sold but I don't buy the 5M price. Too many out there at 3.5 now. Would have to be one ill informed buyer to pay even 4M right now.

 

Just reported on CNBC right now. That car was NOT sold. No takers at that price. He's still sitting on it. Your info was incorrect. The dealer said he is using the car to take his daughter to school in it now.

 

Good, I thought someone had more money than sense for a few minutes there

 

I don't see the point with taking it off the market then. Just let it sit at that price if you don't want to budge -- it drives traffic to the store.

 

I guess the only risk you have is similar to the dynamic you might find in real estate. At some point buyers will wonder why this car has been offered for sale for such a long time without any buyers. Is it just the price or is there something else? It becomes a "stale" listing.

Maybe the story is another reason. Is the story on the car a good one to add value or a bad one to reduce it? Steve Wynn sells his LaFerari, loses dealership, car sits in Naples for X months/years for sale but doesn't sell. I don't know about you but not sure this is the story car I want to own even if I could pick it up at the current LaF market price around 3.5M.

As you said it has driven press to the story mostly due to the absurd price. If another dealer was smart they would do the same thing and pickup a red one and offer it for $10M. Who cares if it sells. The absurd prices act like catnip to the automotive and mainstream media.

 

Agreed. Good point(s).

 

What do you think that costs on his floor plan every month? Smart??

Buy a 2-3 million dollar car and sit on it? That isn't how business works, I would be horrified if I had his cars sitting on my showroom floor paying juice on them and PRAYING we don't have another 2008.

If that happened many of these dealers would be out of business and broke in months.

 

I agree. He paid 3M for this car. Floorplan has to cost $20k to $30k/yr (finance fees) plus not sure what insurance looks like at the dealership? Does it go up based on inventory? Is it a single umbrella that covers up to X million in cars? Does he need a rider? I would guess insurance could be another $10k to $25k/yr on this car if current policy is insufficient?

And yes if we get another 2008 he could get hurt on this car unless he has enough assets and cash flow to hold on until the next recovery and isn't pushed into forced liquidation of inventory.

I would think most dealers would like to get it off the floor, make a nice profit and roll it into the next car(s). You can make more money with frequent inventory turns. That 3M is tied up and could be put into new inventory (with free 90 day floorplan) and turned over and over.