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How Much To Pay From Private Party?

Discussion in '458 Italia/488/F8' started by PrancingHorse1, Jul 22, 2013.

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  1. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #1 PrancingHorse1, Jul 22, 2013
    My buddy has a 2013 with 800 miles on it and a sticker of $271.5. What should I be considering to offer him?
     
  2. skinguy23

    skinguy23 Formula Junior

    Jun 19, 2011
    612
    Midwest
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    Steve
    #2 skinguy23, Jul 23, 2013
    I assume its a coupe. Depends on the options and MSRP. That may be a fair price or to high depending.
     
  3. Noblesse Oblige

    Noblesse Oblige F1 Veteran

    Nov 7, 2011
    6,114
    Three Places
    #3 Noblesse Oblige, Jul 23, 2013
    He's your "buddy." Pay what he paid less $2 per mile.
     
  4. Camelot

    Camelot Formula Junior

    Apr 6, 2013
    555
    down South
    #4 Camelot, Jul 23, 2013
    Good advice...
     
  5. RBK

    RBK F1 Rookie

    Jul 27, 2006
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    Calif and Nev
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    #5 RBK, Jul 23, 2013
    As good as any figure. You know what he paid, you know the car, and you know him. Respectfully and (really) not being sarcastic, if he is your "buddy" discuss with him, not us. Best
     
  6. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    19,256
    #6 ttforcefed, Jul 23, 2013
    if it was me id sell it to my friend for 250...
     
  7. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #7 PrancingHorse1, Jul 23, 2013
    Yeah he's a friend I have done work with in the past. It's a 458 coupe sorry for not adding that. He told me to try and come up with a number. I know that he already has a figure in his head I was thinking to offer $250-255. I asked what it would take to get him out of it but he went off on a story so I'm not sure. I drove it last Sunday with him and I need the car haha. I sold my 430 spider a few years back and have been without a toy ever since. It's in my blood I need to have the car. Thanks for the responses
     
  8. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #8 PrancingHorse1, Jul 23, 2013
    Do you think it would be fair for me to offer somewhere in the $250 range? Let me know what you guys would offer. Thanks, Nick
     
  9. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #9 PrancingHorse1, Jul 23, 2013
    That's the sticker with all the options it has, brand new it totaled $271.5. Not sure if that's exactly what he payed or not because I don't believe he ordered it. I think he bought it from FerrariNe but I'm not entirely sure
     
  10. FerrariFL

    FerrariFL Formula Junior

    Dec 2, 2012
    526
    #10 FerrariFL, Jul 23, 2013
    also, what is the color and options?? this will also play a role in establishing market value.
     
  11. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #11 PrancingHorse1, Jul 23, 2013
    Its Rosso Corsa with matching calipers and the 20" silver sport wheels. It has the paint between the fins on the front bumper as well. Scuderia shields. The interior has the racing seats with red stitching and a red stripe up the seats. No carbon in the car. Its nero interior. Thats all I can recall. Not many options but I like what he did with the options he used. Thanks
     
  12. RBK

    RBK F1 Rookie

    Jul 27, 2006
    3,105
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    #12 RBK, Jul 23, 2013
    Why "negotiate with yourself". Whatever he asks, offer the amount you are comfortable with and see what happens. We are all guessing and often a deal depends on "who" as much as "what" characterizes the transaction. Best
     
  13. tortesq1

    tortesq1 Formula Junior

    Feb 6, 2012
    844
    New York
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    Stephen H. Frankel
    #13 tortesq1, Jul 23, 2013
    If the MSRP is $271.5K and assuming that he added nothing else to the cost (ie. aftermarket 3M wrap, etc.) then I'd say you are getting a reasonable and fair deal for such an incredibly low mileage 1 owner 2013 car if you just pay your buddy what he paid. If you like the cars options and color combo. and considering you will forgo a 9-18 month wait for a new steed and you still have approx. 2 years left on a new car warranty I think paying him the $271.5K is reasonable. If the car had 5K-6K miles on her I could see a 10K-15K discount on that number. The plain truth is that despite what many characterize as a soft 458 market the cheapest 2013 458 Italia for sale seems to an example with approx. 600 miles on her and an ask of $284K (from a dealer). If you can find a 2013 with 800 miles on her for less than $271.5K buy it.
     
  14. PrancingHorse1

    PrancingHorse1 Rookie

    Jul 22, 2013
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    #14 PrancingHorse1, Jul 23, 2013
    Ok thank you. He actually does have the 3M wrap not that it makes a big difference in price or anything. It's tasteful, I like it the car a lot. He said a dealer in Ohio wants it for $260k but he added that he knows that they have to make money. So I dont know if he expects me to offer more than that. I dont think I will. Im going to speak with him tomorrow and hopefully make a deal.
     
  15. Surfah

    Surfah F1 Rookie

    Dec 20, 2011
    3,144
    #15 Surfah, Jul 23, 2013
    $260K seems reasonable assuming the options and color scheme are what you would order. Do you have to pay sales tax on your private car purchase? If not, I would jump on your friend's offer.
     
  16. F430GT

    F430GT Formula 3

    Sep 29, 2005
    1,300
    Marco Island, FL
    #16 F430GT, Jul 23, 2013
    2013 is more expensive on the open market than MSRP. Your friend can get $20k-$40k over sticker today (depending on how tastefully optioned is the car, and assuming there is not too much carbon in there making MSRP way above standard price).

    I have few friends that I would give $20k-$40k as a gift.
     
  17. Caeruleus11

    Caeruleus11 F1 World Champ
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    #17 Caeruleus11, Jul 23, 2013
    I think something close to what he paid is fair.
     
  18. tortesq1

    tortesq1 Formula Junior

    Feb 6, 2012
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    Stephen H. Frankel
    #18 tortesq1, Jul 24, 2013
    For the record a full 3M package by Detailing Dynamics in Mineola, NY cost me approx. $5K. Not saying that it makes the $271.5K car worth $276.5K, but it certainly is a very practical and useful add-on (particularly if you use your 458 as a DD like me). Like I said, if you paid him $271.5K its reasonable. IMHO at $260K your getting a damn good deal as its a 2013 model. Do your research and see if there is ANY 2013 for sale that you can buy for $271.5K (regardless of mileage).
     

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