Expo Motors - Anyone Know them - 360 Purchase

looks amazing man good luck with the purchase

 

I don't know them, but i have asked the same question on another forum and have been told that the salvage laws in texas are quite lenient, which could be why some of their cars are very well priced.

 

expo motors has been in business here in houston for many years. i have never bought a car from them but have looked at several. expo is a wholesaler. they list their cars on ebay more for advertising than anything else. the only reason that i have never bought a car from them is they don't take trades. they also do not mess with financing. they take cash or financing only if you have lined it up a head of time. for the most part, they turn a large amount of inventory very quickly. when you see the real highend vehicles on their floor (ie- ferrari, lamborghini, etc....) it is more for a perk for their owner and employees. they don't make money on these cars. they typically will list the car for about $5k over what they have in it, once they decide to let it go, they will lower the price to their breakeven and let it go.

the 360's they have listed are very nice, solid cars. the silver has been there too long and it needs to go. the red 2003 model is not in such a hurry to leave. i have not researched these vehicles, but they look clean and have not had any damage. the silver car was a local houston car. the red car i believe came from california as part of a dealer trade.

almost all their cars come from dealers across the country that took them in on trade and don't have the capital to let them sit until they sell. the majority of expos business is done on mercedes, bmw, porsche, etc... and not exotics.

 

That silver car has caught my eye for MONTHS ... I'm amazed it hasn't sold yet, and frankly that makes me skeptical. They had it listed at $147 originally and have been steadily dropping the price. If it's a good as it looks, why is it still there?

 

The resale on a Ferrari that has a blue interior, is not going to be stellar.

 

A few months ago I was in searching for a M5 and I flew into TX to buy a car from Expo.

They told me that the car was in excellent (flawless) condition but not by my standards - there were swirl marks all over it and small scratches all over the bumper. I was very unhappy with this after buying a one-way ticket from CA and having to stay overnight and buy another one-way ticket back home.

It was disappointing that they did not disclose this to me and they did lower the price but to be honest I never would have traveled so far to buy a car in that condition. Luckily for me we did not agree on price and I ended up getting a perfect M5 a few weeks later

I think as long as you are willing to travel and check out the car in person you will be fine...I would never buy a car sight unseen.

 

My Father just bought the red 2003 360 Modena from them and is getting delivered now. Everything checks out...clean title, one owner, meticulously taken care of.

 

i believe that car doesnt have power seats which i believe makes it harder to sell and lower resale values

 

I have been very pleased with the Boxster I purchased from them. They are very up front about the entire operation and eager to satisfy. I have seen the 360 and it looked great to me, I think it's just a tough market. My salesman was David Yi...very low pressure and easy to work with. I stop by to visit with them every so often, so let me know if there is anything I can do. Nick

 

Are you referring to the titanium color modena or the red one? The 2003 red one that was purchased has them.

 

I'd rather not have power seats anyway(in fact I don't). It saves weight and that's why it is offered. I believe that that is a good arguement for not having them in case anyone asks.

 

I purchased my Z3 from Expo. They were very straightforward and exceptionally easy to deal with. All in all: a ver positive experience.

 

Last year I looked at a 328 GTS for a fellow F chatter, had no problems with them. Expo let me go over the car & they presented all books with known records. Very easy to friendly to work with.

 

I've heard this time and time again, and I have a really hard time believing that anyone could care this much about power seats, especially in a freaking exotic car, which I would imagine is principally driven by only one person! I haven't moved the seat in my daily driver since the day I took delivery.

 

For some reason, it seems to be true. One of our FChatters took a poll of several dealers, and the upshot was lack of power seats would hurt you to the tune of $10,000 at the wholesale level (on the 360). I never checked myself, but it seems to be valid. Martin? Comments?

Gary

 

it doesnt make sense but i have heard the same thing

 

Seems a little high. If anything, the lack of having power seats should "hurt" only as much as the option cost, which I thought was much less than 10K?

 

I am sure this person appreciates the input. Thats one of the things about FChat.

 

lol, you're thinking too logically, this is not porsche logic, it's ferrari logic - it really does make a difference. my first 360 had no power seats and the dealer had a b!tch of a time selling it for that reason! the one i ordered has power seats (and daytona seats) b/c it's worth every penny on resale...

 

the power seat option is less than $2k, IIRC, but the point is that for whatever reason, 360 purchasers want power seats. i wonder if the same holds true for 575's??? i would assume so.

 

Maybe it's linked more to the cost of retrofitting, which is bound to be higher than the option price.

Gary

 

It's not the power seats themselves, it's the power Daytona seats that are the good sellers. Without power Daytona seats, it's as much as a $10k difference. Furthermore, the sport seats are bad sellers. If someone wants a red/tan 360F1 with sport seats PM me.

 

Although the Porsche seats with the power back but the manual slider is really dumb.

TC the reason the power seats are so desireable is that when the Fcar owner reached down under the front seat, his gold bracelet scratches the leather on the seat. With the power seats he has the ability to rub the gold along his pants giving it a slight polish to impress the ladies as his arm hangs out the window at the stop light.