400i for sale in São Paulo BR | FerrariChat
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400i for sale in São Paulo BR

Discussion in '365 GT4 2+2/400/412' started by merstheman, May 16, 2013.

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  1. merstheman

    merstheman F1 Rookie

    Apr 13, 2007
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    Mario
    #1 merstheman, May 16, 2013
  2. rustytractor

    rustytractor Formula 3

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    Russell Schacter
    #2 rustytractor, May 18, 2013
    Last edited: May 18, 2013
    Now this IS interesting....

    A 400i being advertised as a 365 with an asking price of $175k ?

    Either I'm misunderstanding the advert, the conversion rate is wrong (which I'm too lazy to check) or someone:
    a) is insane
    b) thinks the rest of the world is insane
    c) doesn't understand the car
    d) doesn't understand the market
    e) is insane (again)
    f) put the wrong photos in the ad and they're really selling a Daytona

    Shame really - I may have been tempted at $165k for a 1974 365/400i/daytona whatnot but $175k ? They must think I'm insane...
     
  3. Ashman

    Ashman Three Time F1 World Champ
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    #3 Ashman, May 19, 2013
    Maybe this is the first ever conversion of a 365GTB/4 Daytona into a 400i! :eek: :D
     
  4. jacques

    jacques Formula Junior

    May 23, 2006
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    #4 jacques, May 19, 2013
    Aw..go ahead and forgo several of your kids' college education, at that price.. we'll all help you part it out..heh,heh. I hope that this is of some help. JQ.
     
  5. wrxmike

    wrxmike Moderator
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    #5 wrxmike, May 19, 2013
    What you guys are missing is that the price of cars (Ferrari's) is much higher in many countries due to the local import taxes.

    The website is from Brazil, have a look at the other Ferrari asking prices, eg 430 Coupe R690000 = 338K US or 246 GT R849000 =416K US

    Prices in Australia are not as high as in Brazil, but way more than the UK or USA. For example, new 458 is around $570K in Australia.

    If you really want a shock, check out Singapore.

    Compared to most countries, you have now idea how "cheap" Ferrari's are in the US or UK.

    M
     
  6. Stackhouse

    Stackhouse F1 Rookie
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    #6 Stackhouse, May 20, 2013
    Nossa!!

    :eek:
     
  7. rustytractor

    rustytractor Formula 3

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    Russell Schacter
    #7 rustytractor, May 20, 2013
    Mike, are you 100% sure about that ?

    I understand that prices will vary country to country or even region to region but thats 8-10 times what these cars are worth elsewhere in the world which (to me) is way too far out of whack. If the price is correct and the car is actually a 400 and actually sells forv$175k, much as I love it mine will be on the first boat out!
     
  8. wrxmike

    wrxmike Moderator
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    #8 wrxmike, May 20, 2013
    It does seem a bit high, but all Ferrari prices in Brazil seem to be. One thing I am sure of is that someone in the trade would already be doing this if there was a quid to be made ( ie someone like Arthur Daley )

    How to Import a Car to Brazil? - The Brazil Business

    "What's the cost of Importing a Car to Brazil?
    It's easy to guess that the process of importing cars to Brazil isn't cheap. We have tried to summarize the major costs when importing a car worth BRL 40 000 abroad.

    Agent Fees – BRL 1.000
    Harbor Taxes – BRL 3.000
    Import Duty (35%) - BRL 14.000
    IPI(25%) - BRL 10.000
    ICMS (18%) - BRL 7.200
    PIS, COFINS and other taxes (12%) - BRL 4.800
    Freight cost – BRL 6.000
    This adds up to BRL 46.000 or 115% of the car price.

    Please notice that these calculations are approximate because taxes and freight cost will vary. You should assume that the cost of importing a car to Brazil is between 90 and 120% of the foreign value of the car."


    In recent times the favourable exchange has made it worthwile importing a UK car to Australia, as a result hundreds of eligible Ferrari's have been shipped to Australia.

    This has caused the prices in Australia to fall to the point where there is hardly any profit in bringing in a car. EG a 40K pound 360 will cost about 100K Aussie landed, complied with taxes and duties paid. The market price is for such a car is perhasp 100-115 k, hardly worth the hassle and risk.
     
  9. merstheman

    merstheman F1 Rookie

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    #9 merstheman, May 20, 2013

    Guys, first of all, it's advertised as a 365 because these websites usually have preset model designations when you are advertising cars, and sometimes you can't input a new one. So he went for the closest.

    Sometimes people just do it to see if it sticks, too.

    On the price, it's like what has been said here. We have to pay ludicrous prices for imported cars, so large is the tax. This is expensive, for sure, but the general rule for a good classic car is to triple average market value in dollars, then double to get what it costs in Reais. It's the simple reality of tax mathematics. 400i's or 246's are in the domain of the "rich collectors" here. They are extremely scarce, as importation wasn't allowed in period - except embassy cars, and a few other case-by-case exceptions - and so command high prices. The brand speaks very loud in this case.

    I posted this up here so you'd feel lucky about how much some of you guys are paying for these cars...
     
  10. rustytractor

    rustytractor Formula 3

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    #10 rustytractor, May 20, 2013

    Speechless. Nothing else to say really other than I'm glad I live in the UK and pity others who get their pockets raped in this way.

    Are there many other countries where this price disparity is also true ?
     
  11. wrxmike

    wrxmike Moderator
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    #11 wrxmike, May 20, 2013
    Pretty much the whole planet except EU zone, USA, NZ.

    Apart from the high taxes, in a lot of places regulations (designed to protect the local car industry) prevent the importation of vehicles. EG for all intents and purposes unless you've owned the car overseas for at least a year, you can't import and comply a post 2005 Ferrari to Australia...... Or any post '89 Porsche.

    Australian's who own truly high end cars ( ie value say $3M plus) often leave the car overseas ( ie Europe) and buy a house there and travel overseas to use it. The overall cost is less than the taxes they would pay when importing the car , AND they end up with a house overseas (as opposed to "loosing" the money to the government).

    M
     

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