Just Bought a F40, need info

Hi all,

A Year ago, I was in the process of buying a 288GTO and receive a lot of help here, with historical detail on the car targeted. Thanks to all who helped me.

now a F40 brings me here again, because I think a lot of the members here are real connoisseur and can give me a good feedback.
My Partner just bought a F40 in Europe. He is a European dealer and I am a Canadian Dealer. Here is the Car:
1989 F40, red on red with 53 000 km (real of course). Single owner car that we have all history and invoices. Previous owner did some race with the car (laping) but the car never has been accident. Intensive services just done (all) and completely repainted this year, aesthetic reason only. The car will be for sale at 310 000 Euros within the end of next week.

Here is my question. I will have to promote/sell the car in North America. Euro F40 with high mileage, but one owner clean history, what should be my targeted price, Landed / USD$.
Except my 40-50 over-sea regular customers, I am not handling European customer but if someone is interested in our F40, I can refer you directly to my partner.

Thanks for your help.
Sorry for my bad English

Thierry Begin
Auto Reference
Montreal, Canada
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Visually a very nice looking F40 but it doesn't show the factory wheels. Also the small front spoiler lip should be black. The market price is less strong for an F40 with any modifications. The Americans only go after USA market F40 models.
Does this car have cats? Is the suspension adjustable? That was another Euro feature option on some cars there. The liner for the fuel tanks needs servicing at some point. I would stick with the Canadian market as the age of the vehicle allows easy access...
Bon Chance
CH

 

If this car were to come to North America, it would have to be Canada. The car is not admissible to the US for another 5 years.

More than likely, I would think this car will find a home in Europe. The Europeans are more tolerant and accepting of "high" mileage...

 

There's no hope to sell it for 310,000 euro plus all the taxes here in Canada. Its best to sell it in europe.

 

Thierry,

You'll have a couple of things working against you, all of which will have North American buyers expecting a discount.

- Your car is illegal on the road in the USA.
- It has what Americans generally consider to be very high mileage for this sort of car.
- It has been repainted and whilst in some situations thats a good thing, in America your typical F40 buyer is looking for one that has not.
- There are a lot of F40s for a buyer to consider, and some of them are almost new.
Hopefully the car has all its original equipment such as the original road wheels, books & tools or else you can add that to the list above.

I think you'll have much more success in Europe where most of the above either doesn't apply or is less of a deduction.

Best,
Joe

 

Yes European F40 prices are typically in the 280,000-360,000 range so it would do better there. Still it's legal here and the Americans can't have it! Some would argue yours is the real F40. But we won't go there.
CH

 

Really fast reply, thank you all.

I know that the car need to have 25 years old to be legit in the US, but I was thinking more that it can be interesting for a private collection or for lapping… some have different toys than others!

We are selling the car 310 000 Euros but we had pay less… of course. Do you think that if I bring the car here (Montreal) I could have 409 USD for it (Landed here) by a Canadian or American Client, or I am completely delusional and better stick with what some of you suggested… the Euro Market.

Vintage car is not my cup of tea as you can see.

Another Question:
We are presently in negotiation with an Enzo owner in Europe. Do somebody knows if the petition had been already filled by someone for the USA for a Euro car?
Thanks in Advance
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$409,000 USD for a euro car with 32,000 miles? delusional is not the first word that comes to mind, but its close.

 

Looks like it is to me?



OP nice car by the way!

 

Thats really your only hope for an American buyer - finding someone who wants a track F40 and so mileage and illegal status doesn't matter. Thats really a long shot, and even then youd be looking at offers around $300k, maybe less. I see the car is a French-delivered car serviced by Pozzi...

 

In the US there is Title, and there is Registration. You Title the car to get it in your name legally. You Register the car to drive it on public roads. You have to first Title before you can Register.

For a private track car, you would Title only, not Register.

In some states you cannot Title without Register (Montana comes to mind). That would prevent a problem in those states.

Until the 25 years comes up, its a problem car. Nobody will pay a premium for a problem car.

(I realize you know this Joe, I'm just saying this for someone that may not be familiar with the process).

 

Each state is different. California is the strictest, and the only state with smog devices needed to be attached to cars. In Maryland, a 20 year old car qualifies for Historic license plates, and no emissions tests are ever done again on Historic plated cars (no cats needed). I believe Ohio has the most relaxed car registrations in the country.

 

SN 88774 ??????

 

For Joe and Greg, yes. 80774.

Thanks for the tip, will stick to Europe.

For the Enzo, any clue?

Also Joe, I saw on your web site that Lambo is something you play with, we just bought a Miura, and about to buy a Reventon / US Specs. A will PM you directly with details , by end of next week

 

So, Engine prepared by Michellotto no ?

 

That [88774] is a RHD Testarossa.

 

s/n 80774 was delivered new to Pozzi in France.

Any idea about the assembly number ?

Thank you in advance.
Ivo Pucci

 

Ivo,

80xxx s/n range is too early to have an assembly number .

Mika .

 

early cars don't have the assembly number plate in the engine compartement near the Vin plate,but
in the front beside the small tank(for the brake fluid).
Of course,can't be spotted from outside..

regards
ivo

 

Was this the F40 Foskers had for sale ?

 

"Yes European F40 prices are typically in the 280,000-360,000 range so it would do better there. Still it's legal here and the Americans can't have it! Some would argue yours is the real F40. But we won't go there.
CH "


We can get a nice one for 250 to 275 000 euros nowadays in europe, and if you look after UK ones due to currency exchange rates between UK pound and euro, it's even better.

And if you consider that there is still some stigmates from the financial crisis to happen in coming months, it's time to wait to bargain one at around 250 000 euros.

I should consider that there is some 20 to 30 cars available for negotiation in Europ, from stradale to LM, from 0,240 to 1,4 m €. The market is open, but quite different than the US one.

 

The US cars actually had a larger lip. Both the US and Euro cars have black lips, the US cars just have larger ones. And as you said, this cars is correct.