How to sell an Ferrari

In CA you pay sales tax on the new car anyway, so no advantage there.

Gary

 

When I purchased my Ferrari, I ran the paperwork through the local Lexus dealer who was only too happy to do what is referred to as an "in-out." I located the 308 in another state and arranged for the dealer to purchase it from the seller immediately prior to my purchasing it from the dealer. The dealer actually owned the Ferrari for about one minute, selling it to me "As Is." I traded in my Lexus SC on the Ferrari, so I'm sure that the dealer made a profit on the deal.

I have run at least five purchases through a Jeep dealer here in town. I've probably purchased at least a dozen cars from him so I know him pretty well.

When it came time to sell my Ferrari, I ran one ad in the DuPont Registry. I received about 40 calls from all over the place (one from Norway if my memory serves me correctly) and sold it to someone who I've seen on f-chat a number of times.

 

I'm selling mine on E-bay. I sold another specialty car through there and it worked out alright. The first link below shows my car, just recently placed on E-bay by RM-Motors.

I'm not an experienced E-bayer so using a company like RM is best. They handle the transaction and the charge is very reasonable. The bidding always stays low until the last day.

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&item=4519976711&ssPageName=STRK:MEWA:IT

 

I've sold my cars either on ebay or autotrader and have had good success. You just have to be careful about all the fraud out there. I've had a least 6 stolen or fraudulant checks sent to me.

I don't know who is falling for this but it does make it a little difficult to sell your car.

Ciao

Dino

 

I purchased mine after being offered on FerrariAds.com. I also kept a saved search on eBay and Collector Car Trader online. Depending on the car, the DuPont Registry may be an option, but for the car I wanted (308 QV or 328 suitable for driving) the prices in DuPont were just too high.

Personally, I was willing to pay more for a car on FerrariAds that was offered by a long-time FerrariChat member. I knew the type person that owned the car and was able to see how serious they were about maintaining the car.

Local advertising in the classifieds is also good if you live in a sizeable area with a good potential purchaser base.

 

I've consigned mine to your local Ferrari dealer - very happy, no problems.

 

I don't think I'd accept anything but a completed wire transfer on an ebay deal for a car.

 

Every dealer I've ever worked with will do the paper transaction to trade and then sell you car immediately without any cost to me.

They want the new car sale, even if it's a high end car, and will work with you to save you a few bucks, as long as it costs them nothing.

Here in PA, if you find a buyer, and they take the car in trade, you save the sales tax dollars on the trade value.

As to ebay. I've sold a couple of hard to find, extremely clean cars with success on Ebay, buy otherwise, it seems to be bottom feeders there.

DM

 

Tax on the whole purchase price, not purchase price minus trade in value? Really? Wow. That hurts. If that was the same in WA, I may not have gotten a new car so quickly... - Tim :-|