I had a 599 stick in February 2015 and here is why I don't now!

I heard a rumor this guy is also suing the tooth fairy for his teeth back. Can anybody confirm is this is true ?

To say this is a frivilous case is an undersatement.

 

Hey NYC123:

My following comments have absolutely nothing to do with the discussion about the 599 and the law suit . I am offended by your post re: "intelligence and mental computing power". You stated that the problem with the world is that you have to be smart to own a Ferrari? You are wrong, dead wrong. Perhaps your membership in Mensa should have made you think twice before posting your comment about intelligence and who deserves to own what. One cant be "stupid" to own a nice car? Ones intelligence should have absolutely nothing to do with their ability to have material things or success in life.

It is also offensive to the dentists, massage therapists, hot dog vendors, nail salon owners, etc. that you mentioned. Your condescension of those professions is the true problem in this world. The hard, decent, honest working class who may not be as smart as you, in my opinion, are the ones who "deserve", albeit may not obtain a Ferrari. If you try your best, stay on course, you will achieve success, regardless of your intelligence quota. I propose that an uninformed, bigoted, arrogant and patronizing person is the one who shouldn't be driving a Ferrari, even if they are smart. Do not judge people by their intelligence or their profession.

I went to a community college and am the only one in my family to have a secondary education. I guess you feel that I don't deserve to be on this forum driving a ferrari....Actually several.

 

this entire subject is crazy I am sure the OP agreed to the price he was offered and everyone parted ways .. happy and then someone pays an unbelievable amount of money for a 599 at an auction these things happen.. the op needs to GET OVER IT.. I have paid outrageous amounts of money for cars that later sold for less and then again I paid outrageous amounts of money for cars that i sold for more.... I would take the 30K as a win any day of the week... the op could have kept the car....
i bought my DINO for XX an high price for the time then 2 weeks later at auctions dino mania broke out and they were selling for close to double,say 2X ,,, now when i bought mine the price was well above any price guides probably a crazy price .. I felt pretty good after the sales at auction were about 2x weeks later.. but until then I felt like I paid to much ..
they still sell for around 2X .. bottom line a high price is date specific if the dinos at auction collapsed or sold for around what I paid I would have been fine it never entered my mine that my timing was so incredible..

 

I think you are missing the point. First of all where you go to school and type of education has nothing to do with common sense or smarts. You can go to the finest school in the world and still be a total moron and file a legal action as the one in this thread. Or you can have no education and be very bright with lots of common sense and knowledge. I don't see any relation between the two.
Secondly, I did not say the problem in this world is you need to be smart to own a Ferrari. (although by re reading my own post I can see how
you interpret it that way) The intention of my post was to say , the problem in this world is: "This is the problem with the world today. This person who started this thread has more money than brains and now for no good reason will create legal bills for another business that did nothing other than sell a car to you and then buy it back at a price you were happy with ?" The reason for this comment is I also once was victim of a totally absurd legal action similar to the one described above. Yes it was thrown out by the courts and they actually laughed but none the less it cost me $25,000 in legal bills having to deal with the non sense. So the point of my post is that the downside of our wonderful free country and court systems is people can file legal action for pretty much no reason and while they ultimately will loose they often cause hefty legal bills for the ones they are going after. I do not worry about Miller Motor Cars as they I am guessing can well afford to deal with this, however often small time business owners that don't have deep pockets get forced to spend big $$$ to fend off absurd legal claims like the one in this thread... and that is what I am saying is the problem....

regarding my other comments I apologize if I have offended you or others...

 

Thank you for clearing that up. However, common sense and intelligence are two completely different things.
I completely agree about our legal system. That does go two ways however. After reading the various posts, it appears as if the OP was simply describing what happened to him and has not taken any legal action, and Miller is actually taking legal action to shut him up. Now, his name and picture are in the newspaper, which is unfortunate. Perhaps the old fashioned phone call and discussion between the two parties would have cleared this entire thing up. When something doesn't go ones way, the first phone call should be with the person you disagree with, not the attorneys. I completely agree with that.

 

I would normally totally agree with you about attorneys. But If you look at the webpage the OP has put up on this topic, you'll notice that he's gone quite a bit past the phone call point. I'm not law suit happy at all, but Miller has pretty limited options.

I totally agree about common sense.

 

Are you are a schmuck for agreeing to the deal?

Are you a schmuck for not looking into the going rate for the cars before agreeing to the deal?

...or...

Are you a schmuck for being a cry baby about stuff you agreed to do and even signed paperwork to do??


or is it all three?

 

Does this mean you are no longer going to buy Ferraris?

 

right up there with "yes Mrs Lincoln but other than that, how was the play?"

 

Lee, let me give you some additional information. This is not a criticism, merely some points to help educate you.

1) You stated that Miller called you to broker the deal in "early February." The RM Amelia auction catalog didn't get to the prospective bidders until right around March 1. It's not like everyone saw this sale coming up and knew these cars would sky rocket. The online catalog came out earlier but early Feb is a stretch.

2) This is important. The car sold at auction with a reserve of $200k. That's inclusive of fees. That means that consignor and auction house figured that the car would most likely sell for somewhere around $200k or so all in so the consignor would probably net something in the mid $160's after fees. In other words, THE CONSIGNOR WAS PREPARED TO SELL A CAR WITH MUCH FEWER MILES IN EXTRAORDINARY CONDITION AND MORE DESIRABLE COLOR COMBO FOR ALMOST $50K LESS THAN YOU SOLD YOURS FOR. Even if someone scouted that sale in early February, you got a very fair offer for your car at the time - an offer HIGHER than the current market price. If you didn't like the car, which it sounds like you didn't, then selling it for a $30k profit was a safe bet, especially for someone who's not a collector and doesn't follow the market.

I don't think that anyone faults you for selling the car at the price you did, when you did. Given your knowledge, or lack thereof, it was a very prudent decision. The issues that everyone has is with everything that you did since the sale.

 

...then...

...and then...

...and then again...

So...

You're a liar too?

 

exactly correct.

if i recall correctly. the auction estimate in the catalog was $200-220k valuation.

 

I suspect that he will continue to buy ferraris, just not from that dealer.

 

I am sure all the dealers here do as well.

 

what is selling commission ar RM ? 10%. so at the low end he would have netted $180k minus transports costs, etc.......

and those are not guaranteed.

 

Selling commission varies depending on the car and the value but for a $250k car, it's hard for it to not be 10% at a premiere sale like RM Amelia. Usually under $250k is no reserve and this had a reserve so figure that if it had a reserve at that price, the sellers commission was near the top. But there is ALWAYS a buyer's premium of 10%. So figure that at a $200k sale, it would be $180k before seller's commission and transport is even deducted.

And it's easy to look at the high estimate or the eventual sale if things get out of hand but what's more indicative of the market at the time is what people are prepared to take. If the market was even $300k at the time, no consignor is going to put a reserve of $200k plus all the fees.

The point is that at the time of the sale, Miller gave this guy an offer higher than going rate in the marketplace as evidenced by the reserve and commission structure of the RM sale. No one had a proper crystal ball about the Amelia sale.

 

Out of curiousity, I decided to read every post from your first. The mistake you made, and we've all been there, is to believe because you're buying a supercar and a few over time this grants you any status - and I mean the trust you talk about. I now own several Ferraris including an F50, F40 and 599 GTO. I've used the same dealer for 15 years. And you know what, I don't trust them beyond what's reasonable. I don't kid myself they owe me anything other than basic courtesy, and basic honesty. They don't owe me any insights and given half a chance they'll duck an issue in a heartbeat. Does it make me angry? Nope. It's life. Much in the same way they don't ask me to sign an exclusivity deal, I'm free to pick and choose as I wish. And I know from them some customers have champagne tastes and beer money. They suck it up. I do get where you came from but your expectations were unreasonable, you felt incorrectly they had taken the piss as we would say and your anger did the rest. Honestly I understand but let it go. The dealer should let it go. And no one should be calling you schmuck, unrealistic for sure but abuse is unhelpful. We've all made mistakes. FChat should as it tried before to now shut this down, and you please don't feel the need to answer so kicking it off again. Let it go. Cheers.

 

To OP: What makes you certain Miller knew a car was going to auction? Documented proof would be nice.

 

Pleeeeeeeeeeeeeeeeeeeeease keep your promise to us and refrain from posting any further. Every post you make inflicts further damage to the negative perception board members already have of you.

FOLD YOUR HAND AND CALL IT A DAY. GOT IT????????????