Bargain Salvage F12 Anyone? | FerrariChat
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Bargain Salvage F12 Anyone?

Discussion in 'F12/812' started by BruceC, Aug 31, 2021.

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  1. BruceC

    BruceC Formula Junior

    Apr 26, 2018
    255
    Tucson, AZ
    #1 BruceC, Aug 31, 2021
    This alert showed up in my email this morning. Of course, there's a catch - the old "salvage title bargain." I made my F12 purchase months ago, so I'm not even remotely interested, but back in Jan '21 came across another listing where the current owner showed pictures of what genuinely appeared to be relatively minor damage on an F12 previously owned by an attorney that allegedly convinced his insurance company to write it off so he could collect a full payout.

    It wasn't a color that I was looking for, but an intriguing thought that prompted me to solicit Sports Car Market's John Draneas Legal Files for his thoughts on salvage titles (attached for anyone that's interested). Mr. Draneas also wrote an excellent article on "diminished value" which really stuck with me and reinforced my view that just having a Carfax with an accident record is a huge negative, not to mention salvage titles, which I would not touch with the proverbial 10' pole.

    So for any of you bargain hunters out there, here you go > https://tinyurl.com/ybvcb7x2

    ....the good side
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    ....and the not so good side
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    Attached Files:

  2. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ

    Jul 2, 2017
    10,212
    Miami and Bay Area
    #2 Natkingcolebasket69, Aug 31, 2021
    They only show a busted door for salvage. I guarantee there was more than that for it to be salvaged


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  3. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,974
    East
    #3 Gh21631, Aug 31, 2021
    Thats probably $100K+ in damage on a Ferrari. I do have someone that can repair perfectly if the price was right. Would be a great car for my wife to beat up.

    Edit: just saw the ask, way overpriced. I would do it for about $70K.
     
    LARRYH likes this.
  4. colonels

    colonels Formula Junior

    Aug 5, 2011
    867
    #4 colonels, Sep 1, 2021
    wow if they lowered price yeah could be a great deal! it'll always have salvage - rebuilt title so under 100k for sure but would be a great beater/daily driver or even track car if there was no structural dmg
     
  5. sunghyun7

    sunghyun7 Formula Junior

    Oct 7, 2019
    256
    #5 sunghyun7, Sep 1, 2021
    130k seem little high. all fixed salvage f12 probably go for 130-150k.
     
  6. ScottS

    ScottS F1 Rookie
    Owner Rossa Subscribed

    Mar 2, 2004
    2,933
    Winter Park
    Full Name:
    Scott S
    #6 ScottS, Sep 6, 2021
    Put the interweb down and walk away….


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    Natkingcolebasket69 and Dogdish like this.
  7. My 1st

    My 1st Karting
    Silver Subscribed

    Aug 12, 2017
    181
    Gladwyne, PA
    Full Name:
    Scott
    #7 My 1st, Sep 9, 2021
    Buy it and part it out.
     
    Dogdish likes this.
  8. ferrari169

    ferrari169 Karting

    Jan 14, 2014
    147
    Northeast USA
    #8 ferrari169, Sep 10, 2021
    Note the absence of underside pictures.
     

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