Help w/procedure for out of state purchase | FerrariChat
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Help w/procedure for out of state purchase

Discussion in '360/430' started by 2thmvr, Jul 28, 2008.

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  1. 2thmvr

    2thmvr Karting

    Feb 24, 2008
    61
    Huntington Beach
    Full Name:
    Sam
    #1 2thmvr, Jul 28, 2008
    I just put a down payment on my first Ferrari today(360). Can't wait to get it. This is my first out of state car purchase. I am in California and the car is at Competizone in Maryland. What do I do next? They emailed me the wire transfer info. Do I need any paperwork signed first or a bill of sale or do I just wire the money? They recommended Horseless carriage for the transport. Do I just contact them to go pick up the car once the money clears. Do I have them send me the second key and books or do I just have them put everything in the car. Do I need to insure the car first or does the transport have insurance. Any help would be greatly appreciated. Thank you.
     
  2. utah997

    utah997 Formula Junior

    Apr 24, 2007
    399
    Utah
    Full Name:
    Doug
    #2 utah997, Jul 29, 2008
    I live in Utah, and bought my 360 from cali. I just had the signed bill of sale, checked their references and wired the money.

    I did get the VIN number and have it added to my insurance before it was shipped, but most exotic car shipping companies have mucho insurance. I had them put the keys and fobs in the glove box, and overnight me the title seperately.

    Hope this helps.
     
  3. mgv1

    mgv1 Formula Junior

    Feb 6, 2006
    496
    San Francisco
    Full Name:
    Mark V
    #3 mgv1, Jul 29, 2008
    Hi 2thmvr,

    I am in Southern California and just bought a 360 from FOW and had Competizione do the PPI for me. They seemed like a pretty good bunch and have a good reputation but it's better to be safe than sorry. Here is my advice.

    1, make sure to get a pre purchase inspection (PPI). This is a must not an option, as you just don't know the score unless it has been checked out.

    2, Have them send you the cars service history and a bill of sale detailing what you will get for how much, vin # etc.

    3, Make sure you pick a good transport company. The one you mentioned wasn't available for 2 weeks so I used one recommended by Ferrari of Washington. This is JP logistics based in Sun Valley, CA. Their service was excellent and they picked up 2 days early. The guy to talk to is George. http://jplogistics.net/ I have no affiliation with them but they move for a lot of Ferrari/lambo dealers. Make sure you get a hard (Enclosed) trailer whoever you choose.

    4, Have the dealer ship the spare keys, books, records, tools etc to you separately. There are two reasons for this. a, You make sure that nothing goes missing (accidentally) in the transportation process. b, In the eyes of the law if you have received components of the vehicle then in effect you have taken delivery. So if something goes awry during the move then your insurance will have to look after you which is better than trying to claim from the shipper/dealer etc.

    5, Drive the hell out of the thing when it arrives.

    Hope this helps.
     
  4. CyclingPeaks

    CyclingPeaks Formula Junior

    Jun 11, 2006
    361
    Big Island, Virginia
    Full Name:
    Hunter Allen
    #4 CyclingPeaks, Jul 29, 2008
    Check around for prices and availability on delivery services. They can vary wildly. I would check at least 5 services. I have had mine sent with VIP transport and they are good. Whomever it is, make sure you ask about their insurance limits. A couple I checked with only went up to $100,000. I requested a fax of their proof of insurance as well. Check your insurance policy to make sure you are covered in transport as well. Some won't cover it while being transported. DEFINITELY insure the car asap. I would go ahead and contact the carriers now, as most are 5-10days out from time you call them.
    Get a bill of sale and contract BEFORE you wire the money!

    Hunter
     
  5. PCH

    PCH F1 Rookie

    Apr 7, 2004
    3,007
    #5 PCH, Jul 29, 2008
    Prior to purchase;

    1. Is the service up to date according to FNA scheduled maintenance?
    2. Are the service records complete?
    3. Did you run a Carfax?
    4. Did you have a PPI performed by a qualified mechanic not affiliated with the seller?
    5. Did you discuss the prior service records and the results of the PPI with the tech?

    If you said yes to each of the above items and confirmed all is in proper order continue with the following;

    1. Request the following documents;
    a. Service records and PPI results
    b. Copy of the title
    c. Signed Bill of Sale stating, seller, buyer, date, model, year, VIN, selling price.
    d. Sellers warranty if any
    e. Due Bill - work promised to be performed at time of sale
    f. Odometer statement

    2. Upon receipt and review of the above documents, arrange a secure method of payment.
    3. Contact your insurance carrier prior to transport and confirm coverage. They will probably require a copy of the bill of sale.
    4. Contact a reputable enclosed transport carrier to schedule pick up and delivery dates.
    5. Request the seller to FedEx, (signature required) the extra keys and books directly to you. Confirm that the book entitled, Warranty Card and Owner's Service Book is included. This books contains; Factory sticker detailing model, VIN, Engine No, original owner information, Delivery date, selling dealer, Warranty info., Scheduled Maintenance, Recording of Schedule Maintenance Service by dealer/stamp. Note; FNA WILL NOT REPLACE THIS BOOK UNDER ANY CIRCUMSTANCES.
     

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