Agreed. I could only get $130k insured. I'm about to revisit. And yes Taz, the government goes elbow deep here. 😳
Taz yes the good governments of each state impose a transfer fee as well as registration on buying a car new or secondhand. There is a transfer fee (set amount), stamp duty ( variable amount goes up the more you pay) and if you buy it from some who got a concession ie (classic car or pensioner) the difference owing( calculated amount) So fo the 456 transfer fee $32, stamp duty $8100.00, so you contributions to the state coffers is $8132.00 and just in case you don't get around to paying it for 14 days the transfer is $147. I had a look in the showroom at a new McLaren 650S fully optioned including dealer delivery $8990.00 is $562,740.00 and on roads total came $591,560. Including transfer fee of $27,240.00. The other reason the cars are expensive is the luxury car tax on vehicles over $57k (sliding scale) and yes if you import a second hand car you pay it plus other taxes. Where classic cars (over 30 years old) in NSW gets interesting if you register a classic on Club Plates (restricted club use or 60 day use plate) there is no transfer fee, but put it full reg and you up for the transfer.
In California it's: sales tax (up to 10%,) license fee, and registration. If you're buying a new car there's also luxury tax, and a gas tax.
Unreal both places. 3% sales tax here and 2 years registration was ~$130 for a custom plate (575M). Sales tax is less trade-in, something California does not allow, naturally. Governor Moonbeam has to feed the coffers.
If we were all worried about taxes and the prices had paid we wouldn't be on Fchat sharing are experiences and knowledge.
Graeme- If I lived where you live, I could not afford a Ferrari, so it is interesting to compare costs of ownership. Here in the US, most middle class folks can afford a Ferrari if they want one badly enough. Not sure that is true down under where purchase and ownership costs are quite a bit higher.
Terry its a complex issue. However US car prices due I suspect is to volume of sales for exotics, has always been about half the Aussie price when new. Point F12 "US" price 323,745 Aussie before on roads is 691,000. Say 750,000. Wages corrected for exchange rates are "roughly" similar. The one odd Aussie trait is, Australians buy more Luxury cars per capita than any other country, go figure. As a Final comment, The Australian Ferrari club has the 3rd biggest membership wise globally! Even I found that astounding..
Also, in addition to super high taxes, the ever so clever Kalifornia DMV has been keeping a keen eye on classic car prices the past several years. As prices have climbed, so too have the annual registration renewal costs which are based on market value for the cars. Ruben
Ruben- I did not realize registration in CA was based on car value. Most states it is based on weight.
Actually, apologies for the confusion but I stand corrected: after doing a bit more reading, it seems like in CA it's only based on purchase price and some depreciation curve for the initial 11 years of renewals, according to this: https://www.dmv.ca.gov/portal/dmv/detail/faq/faq_vlf That said, I'll need to go into my records as I distinctly recall my registration going up steadily and seemed like it was tracking the value of a couple of my cars. Perhaps someone with more info can confirm/deny. Cheers! Ruben
Hi all not been on here for a few years now but thought I'd touch base. Bought my 456GT(1st registered 1993) in 2003 with 17000Kms on the clock. It now has 186,683kms on the clock and just keeps going. Mine has been tracked, hill climbed and thrashed within an inch of its life, blown up the engine, rebuilt it and off we go again! Tubi exhaust is a joy to listen too, and occassionally have a bit of fun going through multi-story car parks setting off all the car alarms just for the hell of it, after all you're a long time dead and can't all be boring! To this day I have no idea how much I have spent on fuel (or gas as you call it over the pond), never ever want to know. As soon as its empty, then fill it up and off we go again. Best thing I ever did in my life and would do it all again. Best of all this is not my daily drive, so just forget the excuses about bad weather.......ITS A CAR , not a precious manuscript. Minbe goes out in wind, rain (lots of that as we are in the UK), snow..who cares. Just adds to the fun and the tense nervous twitchy moments. Picture attached of what happens to your cylinder head when you jam an exhaust valve shut at top speed (north of 180), didn't like it much to say the least. Just keep on top of the servicing and the car will just keep pulling. Mine let go because it was thrashed and decided to pay me back, but that year I had done several track days and hill-climbs and many high speed jaunts, but the damage was caused mostly be thge mechanics failing to diagnose the real issue I had when I reported back on hunting and miss fire issues, so when I pushed it up to max it gave out in a big way, so I can't really blame the engine. Rebuilt engine and gearbox at the same time about 3 years ago, and the next stage is 200K + on the odometer and then retire her for some serious TLC and possibly convert to spider, as I like the way they look. Maybe pick up a 599 while the 456 is off the road, or just stick with the wifes porsche 718 spider or my range rover sport, jury is out, but deep down I don't think either of them will fill my "need for Ferrari thrills" There are some very nice examples of 456's on this thread, but don't let them become garage queens and don't be afraid to drive them, enormosuly capable car and a lot faster than you think if you realyy let it exercise its lungs as it was designed to do, just get rid of the crap ferrari discs and pads, upgrade them (mine are AP racing ones) and put the hammer down, you won't be disappointed. Image Unavailable, Please Login Image Unavailable, Please Login
Andy thank you for sharing your experiences, and congratulation on the milage achievement. Yours is the second high milage car that has been discussed on Fchat, it inspires others to use their cars. Was the cause of the misfire identified? If you do a Cab conversion please create a post and pictures.
Annual registration fee is $75.00 for all vehicles ($95.00 in Milwaukee County) and sales tax is 5.56% regardless of make, model, price, etc. $15.00 extra for vanity/personalized plates.
That is about what I remembered from 30 years ago, the last time I lived in CA. No trade-in allowance for tax is a big hit.
Spare wheel option XC90 + 30mm thick Concentric spacer. http://www.ferrarichat.com/forum/456-550-575-sponsored-bradan/525423-456-spare-wheel-options.html
Interesting article and comparison, apologies if it's a repeat: torn - f l ü s s i g m a g a z i n e Interestingly, it features my 95 456GT which was being sold at the time by Kessler Auto: Kessler Auto Group, Inc - Photos for 1995 Ferrari 456 GT. I don't think the article is affiliated with Kessler, so I'm guessing they just scraped the pics off their site. Thoughts on the comparisons made? Cheers! Ruben
Ruben Excellent article however for me the 928 is great car but I'm also a Porsche purist 911 air cooled or nothing. There are issues with the 928 not covered by the article as well as some scary ones For me I have always wanted a V12 Ferrari and the way they drive and make you feel is worth price of entry.
Hey everyone. A pair of 456M suitcases JUST came up on eBay. Search SCHEDONI luggage. They are in the US. I have no connection, or interest, but I know how hard to come by they are.
In keeping some relevant info together, from a prvious thread http://www.ferrarichat.com/forum/456-550-575-sponsored-bradan/525423-456-spare-wheel-options.html If any one is interested I have had spacers made as per the previous Photos to mount a Volvo XC90 Space Saver on a 456 with original bolts. Other items needed are Volvo XC90 space saver, Jack, plus handle ( Lancia Intergrale a Classic Fiat 124 Spider may work), 22mm wheel wrench. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Interesting video I'd not come across before: https://youtu.be/OXTvGbGxvLQ Seems like it was filmed in the early to mid 1990's. I don't speak any Japanese at all, but the 456GT seems to hold its own against some pretty impressive contemporary competition, including an F40 (ok, competition with this last one may have been staged). Enjoyable nonetheless. Cheers! Ruben
