time to go for 812 I guess Mrpseudonym
For what that car sold for you could have bought a spare set of stock rims and tires and still had a great deal. Problem solved.
Hello Happy Monday, Hope everyone had a great wkend. I know we all had several discussions about this F8S. Interesting enough, we dont have to wonder where it went anymore…It just showed up this morning @ Foreign Cars Italia -Greensboro. It sold on BAT including Fee’s for 399,500 + Shipping etc. and NOW they are selling it for 465K…Not a bad 65K profit? And shows that ForeignAffairsMotors sold it to them… Image Unavailable, Please Login Image Unavailable, Please Login
It goes without saying but you don’t make “profit” until it sells. What they are “asking” and what it “sells” for are two different things. So they aren’t making 65k profit. (I know I’m stating the obvious and your point is well taken that it will be a nice profit by the end dealer) As I’ve pointed out and I think everyone knows foreign affairs is bidding and winning a ton of auctions. They are getting the cars at essentially wholesale and then flipping them to dealers who are marking them up. I’d make a wild guess that foreign affairs is selling them for 5-10k more than they are paying and making quick and easy profit.
Agreed. The dealer will undoubtedly turn a profit. However, it will not be $65K! They must condition the car and that can run several thousand dollars alone. Plus, the listing price and sale price can have a big delta these days.
Now everyone is finally starting to get what BAT is there for and what happens to the overwhelming majority of all exotic sales on that site. — AND the bonus, as I stated before, is that it gives the unknowing people a false market value so that the dealers can then also, get their cars directly on trade-in for around those numbers. It’s a pure manipulation. Which is fine as long as everyone knows and stops acting all surprised when a car sells at a number that seems really good. Sent from my iPhone using FerrariChat
Yes, your absolutely right, 65k is not their profit margin and somewhere in there they are paying out 6% commission to their sales guys? So what are they really left with? Some of these cars sit around for 1-4 months?
Agreed. I do Think most people understood that and that the large number, if not majority, of deals are being flipped. I think the important part is any regular person can buy and get a great deal. Not everyone can go to Mannheim and buy cars at wholesale as that’s for dealers. If you have cash or your own financing, can arrange transportation you can get a steal and get wholesale pricing.
The dealer itself will be lucky to make 10k after all is said and done but they will do well on the financing and the exposure is also good for them....it's not a bad move.
Don't forget the carrying costs a dealer has to pay to "display" one of these cars. From the floorplan, to the interest, to the insurance, etc. It's not a zero cost listing.
Indeed, along with facility, utilities, commission, taxes, etc. And that is all minor stuff compared to the inherent risk of carrying a depreciating asset.
We get fresh baked Crumbl cookies and Nespresso. My dealer offers espresso, but for the life of me I can't figure out how to use the damn contraption.
I have found a nice spec f8 spider. I am in a position to sell my 675 Spider and buy the F8 for virtually even money. Any thoughts? An 812sf would also be around even money. I havent owned a Ferrari in around 15 years when ai sold my 458. Been driving porsche gt cars and the 675. Advice much appreciated. Thanks
From what I understand, an F8 spider would be a downgrade in terms of performance and stiffness, compared to the 675. An 812 SF would offer a glorious V12 on the other hand.
How important is having the open-roof experience to you? If it's between an F8 Spider and 812 Superfast, that will be something to consider. Between my STO, 296 GTB, and F8 Spider, the F8 Spider is probably my favorite partly because it feels like having two cars in one due to the ability to go roofless.
I've lived in London for over 20 years. Enjoying nice weather with the top down is a big plus. I keep the 675 in Spain and dropping the top is a high plus. Just dropping the rear glass is a big plus.
That's pretty shocking considering the age gap. I thought the pista engine in the f8 was next level. I was hoping combined with a good exhaust and it could be even better than a 675. The 812 is very sexy but I wonder if it is so overpowered that one can't actually enjoy all that power.
Double-checking on the wiser internet, it seems F8 / 675 performances are actually well matched; stiffness of a carbon tub should still have the upper hand. Regarding the 812, its running costs are probably higher, but it's not overpowered - with the mid-front engine layout and the rear wheels steering, it has a very good agility (even though it cannot completely hide its weight). And I would define the V12 power as addictive, not frightening.
So do u find on spirited drives your going full throttle often or are you hesitant due to fear of losing control?
