How to Sell A Ferrari?

This was discussed previously in detail. Ebay ad, Ferrari Market Letter, here at FerrariAds.com.....those would be my recommendations to start. AutoWeek and Dupont Registry are other good sources. I would not let a guy test drive unless he was a very serious buyer. Even then I would not let him go alone and I would want to see verifiable ID etc. A broker or consigning your car is a good way to avoid tire kickers and, I'll bet you'd end up getting more money that way. Good luck!

 

There are alot of wbsites for selling regular cars with special pages for Classic, Custom, Exotic and Collector cars for sale. Dig around on GOOGLE and you should run into a few of them. Auto-Trader is one website and here's the exotic page: There are TONS of Ferraris on here.

http://www.collectorcartraderonline.com/cctol_adbrowseprocess2.html

http://www.collectorcartraderonline.com/

 

You could try with www.ferraribuy.com
That is where I found mine...

Ciao

eugenio

 

Scroll to the top of this page. Just below the Ferrarichat.com header, in the center left, is Ferrariads.com. Post there for free. I know a member on the board that sold his car in 8 days off of this forum.

 

Would anyone recomend Hemmings Motor News for a Ferrari? It does focus on older America cars, but they do have plenty of pages of others... comments on it?

 

When I was looking at an old 911, the owner insisted I put down $500. I of course didn't. I told him what I knew about the car, {specific problems with the model etc...} to prove that I was interested. It's tricky to weed out tire kickers and joy-riders but be careful. If the PO {prevoius owner} of my car had his way I wouldn't have bought the car. He thought I was there just to fool around.

 

Try getting a dealer to list it on www.ferrarina.com
then look under dealers and then market place

 

You may want to try the Ferrari Market Letter as well. Good luck

 

No, I would not suggest allowing a potential buyer drive the car. If you want to take them for a ride fine, after all it's an excuse for a quick drive. But, until you have agreed on a price, and you know they are a qualified buyer, no way. No test pilots!!

 

Yes, you have to be really careful about test drives. Among other things (esp finding out how serious the buyer is), I recommend you ask to see a proof of insurance and driver's license before having someone take the car out for a test drive.

Good luck!

 

I have a new tack on this thread - how about alittle honesty? That would be refreshing to hear from a Ferrari seller. Some Honesty. Answer every question with the truth for a change, instead of a dodge or a flat-out lie. If the car has flaws, tell people about it. If you're too lazy or cheap to keep the car well-serviced, be honest about it. If you try and hide the fact that you really didn't have those belts changed, or the fuel lines swapped out or the clutch is on its last leg, or the heads are cracked, well, be honest about it. If you're that 'hard-up' for the money that you are unwilling or unable to be honest about the car, its history, the service records, etc., then don't bother selling the car to the general public.

If your busy schedule does not permit to be responsive and courteous to people when they attempt to contact you, then hire a honest car broker - buyers HATE being 'blown off' by some goofball who announces to the world that he's selling a car, and nobody can get-ahold of him to find out mileage, service history, arrange a meeting, etc.

Be honest in your business dealings - if someone hands you a check, that indicates an intent to buy. Don't turn around and sell the car to someone else who, after-the-fact, offers more money. A deal is a deal, and if you can't respect that, don't bother selling the car to the general public.

Buying a used car these days has lost all its dignity, from a buyer's perspective. Its a car, not your daughter's virginity. Don't be ****** about it.

 

I sold a 355B on this site(FerrariChat classifieds). Very quickly and to a buyer who knew what he wanted. We achieved all the info flow including specific pics via email.

But the post regarding honesty is the best advice. Also, realistic pricing sells cars. Everyone in the market for a used F car has a gazillion resources to determine current market prices, so to try and sell your car at the wrong price simply won't work. Posting a a "higher price" is just wasting time. If you want to sell, find out what the market is paying and sell your car at that price.

 

Baron,
There are many good responses here.

Buyers of Ferrari's are by and large a very well educated group and have
many questions and concerns regarding the purchase of one of these cars, whether it is a 308 or a 360.

I do believe sellers do not realize the time and effort it takes to field calls and answer questions to potential buyers.
Usually by the time a seller has spent so much time with the inquiries from
the "buyers" who are not quite ready to buy, when a very serious buyer
comes along they do not give them adequate time or answers. That is why
the process can be so frustrating for buyer and seller.

Having said all that Baron, I would be happy to help you sell your 360.
Please E-mail me at info@exoticautobrokers.com
or call me at 636-273-6774

Chuck

 

Call up his insurance company to see if it will cover him in a test drive of your car.

In the motorcycle game, one often puts up the cash to buy a bike before the test ride just so that if he wrecks the bike the owner is fully compensated without hassle.

 

Chuck,

Is there a way where a long distance broker/dealer can help with a sale and bring in a serious offer? I would like to find a way to have a win-win situation where I don't take forever trying to get the last dollar or get the wholesale minus all kinds of BS from a dealer who wants to buy hugely low at my expense and sell even higher. Can a longdistance dealer/broker meet use somewhere in the middle to get some business he would not ordinarily get?

 

EBAY is a great way to test the waters. For $40 you get an international ad with 12 supersize pics and unlimited text. An ad in you local city paper probably costs the same to run for 3 weeks with no pic and 2 lines of text. Think about it, every person that finds your car is searching for Ferrari or your particular model. Looking for Mustangs or Vettes will not turn up your car.
I sold 2 past cars, an NSX and a Porsche 928 on EBAY within 4 hours of listing them. Put in a "buy it now" price, a lower reserve and a moderate starting price. The key is to put in that you have the right to end the auction early due to other advertising. This will open up the buyers to negotiating with you to end the auction early. You must have a reasonable price to gain interest.
Plus, with EBAY, you can track the results and high bids by looking at completed items. It's possible that you may be priced to high and it may not be the venue for you.
Pictures and honest text are the key. Tell them the faults, if any.

 

Hello Fatbillybob,

The answer to your question is yes.
I will market your car by advertising it on various websites including my own.
I will field all buyers calls and answer any questions they may have.(as I say
this can be a time consuming task) I will assist the buyer in arranging a PPI
I will also handle the final transaction and help find and arrange shipping.
Visit my website www.exoticautobrokers.com there you will see a full
description of my services.
Please feel free to E-mail me at info@exoticautobrokers.com or give me a call
at 636-273-6774.

Chuck

 

A good broker, or a dealer on consignment can be an excellent approach to selling a car. However, it is important to remember that these are, or should be, professionals and businesses. As was noted, selling a car including dealing with phone calls, advertising the car, showing potential buyers the car, etc., takes time, effort, and some $'s for advertising. Don't expect these groups to perform the service for free, and you get the longest retail dollar possible.

Brokers are especially very common in the boating world. But, as with most things, some are good, some are not so good.

 

I've used Chuck Ligon's services recently....he's terrific. I can vouch for his company. My previous experiences, however, were less than stellar - hence my previous post.

 

Here's another source for selling (and buying):

http://www.ferrariclassified.com/