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A duplicate title would depreciate value of F-cars?

Discussion in 'Ferrari Discussion (not model specific)' started by Nod Nanita, Mar 7, 2019.

  1. Nod Nanita

    Nod Nanita Rookie

    Mar 7, 2019
    13
    Lake Oswego OR 97034 USA
    Full Name:
    Nod Nanita
    Hello everyone, I am new here. Hope this message finds you all well. Anyway I would like to have your opinion/idea/advice about my issue. I bought an used 2018 GTC4LUSSO on Dec 26, 2018 from Ferrari of Austin, Texas and been waiting for the title until Mar 6, 2019 the dealer told me that their Ally Bank had lost the title so they started the process of getting a duplicate title from the State of Texas. I really don’t know if the duplicate title will depreciate value of the car significantly or hurt a car history or not? Please advise. I appreciate all your input. Thank you so much. Kindly, Nod
     
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  3. Meister

    Meister F1 Veteran
    Silver Subscribed

    Apr 27, 2001
    5,499
    Duluth, MN
    Full Name:
    The Meister
    A duplicate or replacement title will most likely show on a car history report. If you know the story and can explain it to a future buyer it should be a non issue but keep in mind high end buyers tend to be the most picky of anyone and will nit pick every flaw and possible wrinkle in the cars history because they can. Is it going to cost you 25% hit upon resale, no but a couple grand or scare off some buyers (wasted time) once they see it..probably yes. Its sad but true
     
  4. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    19,118
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    a duplicate ? no
     
  5. Gofastr

    Gofastr Karting

    Jan 7, 2019
    92
  6. Robb

    Robb Moderator
    Moderator Lifetime Rossa Owner

    Feb 28, 2004
    13,013
    Reno, Nevada / Mesa, Arizona
    Full Name:
    Robb Williamson
    Should not cause you any trouble except for the delay in having the paper.

    Robb
     
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  8. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,893
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    You can insist that th dealer prepare a letter or something else to document/explain what happened.
    I can’t imagine a paperwork snafu being a big deal though.
     
  9. Nod Nanita

    Nod Nanita Rookie

    Mar 7, 2019
    13
    Lake Oswego OR 97034 USA
    Full Name:
    Nod Nanita
    Thank you so much everyone. ^_^
     
  10. Smiles

    Smiles Moderator
    Moderator Owner

    Nov 20, 2003
    15,423
    Pittsburgh, PA
    Full Name:
    Matt F
    No change in value.

    I just did this on a Mercedes I sold. It happens all the time.

    Matt
     

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