Buying on consignment

Stop wasting your time and move on...if the seller is "firm" and his price is unrealistic forget it..dealer doesn't care much as he gets to have "inventory" for free . 458's are becoming very hard to buy though, the cheap ones under $145,000 no matter the miles, on auto trader , car gurus if you run their carfax all have 1-2 accidents or lemon law cars ...prices at auction for 458 now seem to be what they were close to retail a year ago

 

I'm in the business. If you can't get communication after 3 days move on. Also I promise you the dealer is frustrated with the seller as well so don't take it out on them.

They tried to warn you the customer was a pain. Turns out they were right.

No biggie. Move on and buy something else. They made over 20k 458s. Plenty to buy.

 

Some cars are legitimately for sale, and others are on a fishing expedition. This one sounds like the latter.

 

Everything is for sale at a price. I have someone who wants to buy my Porsche Cabriolet S right now and he keeps trying to politely convince me that his offer is the most I am going to get for it (he did statistical analysis of auctions as his proof). Well, my car is not an auction car - its in far better shape than most. So I'm not interested in his offer and he doesn't want to pay what I want to let the car go *.

If they have a price on the 458 at that dealer and you pay that price - its probably going to be yours.

* I'm looking to get into a Portofino, still on the fence if its worth the big price jump to do so.

 

There is a difference between market value and make me sell price.

As with drcollie, I have a 430 6 SPD. I am 30-50k above market right now. But for me, I will accept what I think is some future value to sell now, not a past value or current value. In this transaction I am unreasonable but suspect someone will pay this number soon or I keep it. No problem for me.

For a less limited car, I am willing to pay fair market and sell at fair market values. The consignment cost adds to the cost of the car and doesn’t really add value just cost- UNLESS you want access to financing from FF and you can access the CPO for less.

Where the dealer can help- there are price points for consignment cost (6-8%) and there are things they can do to move the sale along if they are allowed.

The dealer will use time to whittle the seller down when they think they get tired and are willing to decrease.

The average Ferrari dealer price is 25K higher than non FD price for sale. This is one of the reasons- the seller wants retail and the dealer wants their cut.


AS others say, leave your number and a price. Ask about including the CPO at their side’s cost. Tell them its good ad long as you haven’t bought another.

Keep looking.

Also post a WTB in the forum. The best cars are the ones not for sale.

ScottS


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