360 - Selling an Exotic | FerrariChat

360 Selling an Exotic

Discussion in '360/430' started by delaney, Oct 9, 2021.

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  1. delaney

    delaney Formula Junior

    Nov 8, 2003
    704
    St Petersburg, FL
    Full Name:
    PETER DELANEY
    Are there any tricks to selling an exotic and avoiding ‘tire kickers’? Auctions, consignments….lose on both I would think.

    but what if you wanted to sell it yourself?

    regards.
     
  2. EastMemphis

    EastMemphis Formula 3
    Owner Silver Subscribed

    May 25, 2019
    1,719
    Memphis, TN
    Full Name:
    John
    If you want to avoid the hassle of the tire kickers and tourists, use a broker or consignment to a dealer. You'll probably net the most by selling it yourself but you will have to endure legions of worthless human flesh to do it.

    Call Mike at @Yellow Compass if you want to use a good, honest broker.
     
  3. Dewinator

    Dewinator F1 Veteran
    Silver Subscribed

    Jun 22, 2017
    5,973
    WA
    Whatever you do, don't let anyone drive it until it's bought and paid for.

    We don't need it getting out how good of drivers cars they are and sending prices out of control. I want to add a second one someday.
     
    tatry68 and Targaflorio0199 like this.
  4. patina

    patina Formula Junior

    Jul 9, 2005
    502
    Lake Norman, NC
    BringaTrailer is by far the best platform to sell on right now.

    $350 total out of pocket including their photography. 7-day auction. Scan and show all documentation in the listing to eliminate most of the dumb questions. Easy deal.
     
    LARRYH, Melvin Diagnosi and LightGuy like this.
  5. EastMemphis

    EastMemphis Formula 3
    Owner Silver Subscribed

    May 25, 2019
    1,719
    Memphis, TN
    Full Name:
    John
    Great if you're a dealer but for the "regular guy" type sales, you might wait three months or more if they accept your car into their auction. As far as I know, you can't set your own reserve either. They set it for you, or force you to sell without reserve.

    If you've got the time, BaT does seem to sell cars at good prices though.
     
  6. Michael B

    Michael B F1 Rookie
    Owner

    Apr 28, 2004
    3,758
    US of A
    Full Name:
    Michael
    BaT does bring the boys to the yard. They have a wonderful ~ or rather loyal audience. Some cars will be placed in queue for an extended period, but I have found that when listing cars of particular interest that they are rarely on hold for long. I would assume two weeks +/- after photo submission before you are live.
     
    Texas Forever and EastMemphis like this.
  7. delaney

    delaney Formula Junior

    Nov 8, 2003
    704
    St Petersburg, FL
    Full Name:
    PETER DELANEY
    Thank you for all the input. Exactly as I thought!

    Pete
     
    patina likes this.
  8. flash32

    flash32 F1 Veteran

    Aug 22, 2008
    5,563
    Central NJ
    Full Name:
    Dominick
    I would have said post in the forum of the make you are selling ...i bot all my thru forums

    Sent from my moto g power using Tapatalk
     
  9. KC360 FL

    KC360 FL Formula 3

    Jun 20, 2017
    1,677
    Melbourne Florida
    Full Name:
    KGC
    BAT seems like the place. I've said it before; great place to sell. But as a buyer-- not so much. Which means most cars go for far more than what I would expect or pay. And to be sure you still can get stung as a buyer. I have a credible story about a colleague who bought what appeared to be a really nice classic on BAT.

    The access to the seller is a plus when asking questions about the car and the comments sometimes also help when those commenting actually owned a similar or exact same model offered for sale.

    Good Luck!
     
    Ira Schwartz likes this.
  10. one4torque

    one4torque F1 Veteran
    Silver Subscribed

    May 20, 2018
    5,090
    Houston
    Full Name:
    One4torque
    I bet there is a way to sell as an individual… where buyer is by reference and appt only.

    p rhaps to a fellow f chatter or other car club.
     
  11. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    My main piece of advice to avoid time wasters is to not get sucked into email back and forth. You can waste hours responding to long lists of questions in an email that could be resolved quickly and efficiently with a phone call. Serious buyers are willing to pick up the phone. Answer the first email with a polite request to continue the conversation by phone then; if they never call, then they were wasting your time anyway. You also get a chance to learn a lot more about your buyer by having a chat with them.
     
  12. Dewinator

    Dewinator F1 Veteran
    Silver Subscribed

    Jun 22, 2017
    5,973
    WA
    I see it the opposite, BSers always want to get you on the phone to rattle off nonsense rather than just write factual information in an e-mail.
     
    Jaguar36 and EastMemphis like this.
  13. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
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    Robin
    Yeah, I can see that perspective, but you can usually work that out quickly in a phone call and close down the conversation. Emails can rattle back and forth for weeks.
     
  14. RedNeck

    RedNeck F1 Veteran
    BANNED Silver Subscribed

    Jul 8, 2016
    9,875
    The CSA
    Full Name:
    Me
    I agree. Plus I like to have a record of everything.

    If you sell it yourself, I would not give anyone a test drive without a copy of driver's license, refundable deposit and agreement or something of that nature. I let a couple stupid kids take my GTO out when I was selling and heard burnouts all of the neighborhood. Never again.
     
    Jaguar36 and Dewinator like this.
  15. ItalGerBrit

    ItalGerBrit Formula Junior

    Mar 15, 2016
    804
    S La
    GTO is "exotic"?
     
  16. patina

    patina Formula Junior

    Jul 9, 2005
    502
    Lake Norman, NC
    That's rude.
     
  17. ItalGerBrit

    ItalGerBrit Formula Junior

    Mar 15, 2016
    804
    S La
    Ok. What is a GTO?
    Pontiac?
     
  18. Penzinger

    Penzinger Karting

    Jul 13, 2019
    135
    Austria
    Full Name:
    Heinz
    Maybe one of these?
     

    Attached Files:

  19. Penzinger

    Penzinger Karting

    Jul 13, 2019
    135
    Austria
    Full Name:
    Heinz
    Or maybe one of them?
     

    Attached Files:

  20. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    On the subject of test drives, I fully agree on the insurance aspect, but it always baffles me when sellers let people test drive cars unaccompanied. In the example of the GTO above, the insurance is really incidental to the burnouts. Had you been there, you clearly wouldn't have let it happen.
     
  21. one4torque

    one4torque F1 Veteran
    Silver Subscribed

    May 20, 2018
    5,090
    Houston
    Full Name:
    One4torque
    when I bought my gated 360..... the little consignment shop in Dallas just threw me the keys and said check it out.... nobody came with me..... they were holding the keys to my amg product at the time.

    so beware of consigning your car....... the care they take of your car ....
     
  22. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    I think we're now into the realms of exploring some interesting cultural differences between car buying in the US vs the UK. :D
     
    AtomicPunk88 likes this.
  23. RedNeck

    RedNeck F1 Veteran
    BANNED Silver Subscribed

    Jul 8, 2016
    9,875
    The CSA
    Full Name:
    Me
    I never claimed it was an exotic, I was using a personal story to attest to the need to require more out of test drivers before letting them take your performance car out. But thanks for your input.
     
    Raconteur, 430tdf, patina and 2 others like this.

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