A Ferrari F40 only worth US$537,000? | FerrariChat

A Ferrari F40 only worth US$537,000?

Discussion in 'Ferrari Discussion (not model specific)' started by DrewH, Mar 13, 2018.

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  1. DrewH

    DrewH F1 World Champ
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    #1 DrewH, Mar 13, 2018
  2. ross

    ross Three Time F1 World Champ
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    #2 ross, Mar 13, 2018
    gotta be one clapped out f40 at that price. or maybe thats what it is worth AFTER the crash
     
  3. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

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    #3 Ferrari 308 GTB, Mar 14, 2018
    The guy is saying the government will implement a rise in insurance costs for high end vehicles ...to double present costs???
     
  4. A348W

    A348W Formula 3

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    #4 A348W, Mar 14, 2018
    I think they are missing a 1 in front of the 6!!!
     
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  5. DrewH

    DrewH F1 World Champ
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    #5 DrewH, Mar 14, 2018
    My understanding from watching other news sources is that they were saying that the insurance company could have just paid him out $696K so he could buy another one. The whole thing doesn't make sense.
     
  6. DrewH

    DrewH F1 World Champ
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    #6 DrewH, Mar 14, 2018
    Right now our Government run ICBC is in serious debt. They have kept insurance premiums artificially low. To insure an F40 up here would only cost maybe $500 more than my pick up truck. They are talking about charging much more based on the actual replacement cost of the vehicle. BTW: My pick up truck costs $1,800 per year for full coverage.
     
  7. PaulK

    PaulK F1 Rookie
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    #7 PaulK, Mar 14, 2018
    The modus operandi of insurance companies is to collect premiums and deny claims. Is anyone surprised by this?
     
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  8. Andy348

    Andy348 Formula 3

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    #8 Andy348, Mar 14, 2018
    Its my understanding that this was true in 2012 when the crash took place.. I'm no expert on F40 prices but IIRC they were around 600-800K in 2012 (correct me if I'm wrong).
     

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