Looking at a 512TR for sale - advice sought

Folks,

I've inquired about this car: 1993 Ferrari 512tr


It's a middle eastern car that has been in Australia for about 10 years with it's current owner. It has been converted from LHD to RHD in Queensland.


Is anyone familiar with it? Lovely looking car but a conversion is hard to swallow. Any thoughts?

Any other 512TRs for sale in the woodwork?

Thanks

 

yes, the other one for 100k more. No one is giving these away in RHD.

 

You can't even compare the two, really.

I don't know what they're worth, but compared to the aussie spec car, an import with a conversion is 1/2 the price IMO

Both here........

http://www.carsales.com.au/cars/results?silo=stock&q=(((Make%7b%3d%7d%5bFerrari%5d)%7b%26%7d(Model%7b%3d%7d%5b512tr%5d))%26(Service%3d%5bCarsales%5d))&vertical=car&WT.z_srchsrcx=makemodel&sortby=TopDeal&cpw=1

 

Looks like it has been well loved.

 

They have gone through the roof as well

 

and will fall back quickly when the market corrects. TR's are neither rare or collectable.

Tony F in NSW spent 5 years trying to sell his Aus-delivered 512M for $300K.

The sensible advice is NEVER buy a modified Ferrari. If you can't afford a RHD 512TR now, just wait 2 years.

 

The problem with a lot of this Ian is that many are going overseas which means a lot less cars here and as interest rates are so low it's making purchases easier.

When the crash comes how many will come back due to our stupid importing taxation laws ?

 

Historically speaking, almost none of them

 

As I understand it, if it was originally Aust delivered, the taxes are already paid

 

So a $1.2M Daytona leaves here, it was Oz delivered, it comes back and the Aussie govt won't ask for import duty , LCT, etc ??

 

BTW , shouldn't you be healing the great unwashed ?

Patient : How much will this operation be ?

Ferraridoc : Standard $50k

 

LCT and GST payable again. They ain't coming back

 

even though that's how it should be, it's not.

 

No
The only person that can bring it back is the person who exported it (ie the owner who sent it overseas and is now bringing it back)

The duty is only 5%, GST is 10%, it's the LCT that is the big cost.

Lets say a Vetro 308 GTB is exported to the UK, currently you'd get around 170K pounds for the car in the UK (340 K Aussie)

For someone else to bring that car back to Australia the following week, it would cost around $500k because of LCT and GST and stamp duty (no duty on a 308 because of age)

Assuming that "prices are a bubble and are going to collapse" let' say next year the UK price falls by 40% back to 100k pounds , that 308 would still cost $300K to bring back to Australia

In effect the high import costs to Australia buffers the effect of overseas price falls on the cars remaining in Australia - the assumption is that a car already in Australia would be worth about the same as what you could re-import a similar car for from the UK.

(And note a 40% decrease in the UK price only translates to a 10% change in what that car was exported for. )

As others have said, cars leaving Australia are unlikely to come back, even if there is a major price correction. Once Australian demand exceeds local supply, the Australia prices will rise to the replacement cost of bringing in the same car from overseas, I think we are close to that point already with certain models.

M

 

I'm at work now, which is more than I can say about YOU!
If I were charging that much, my garage would look substantially different.

 

Bummer

 

Once Holden n friends leave Australia the rules could change

 

Work is not all it's cracked up to be ..... I think I'll go watch a movie

 

Why don't you get in your car, and come down to... no, wait - never mind

 

You can be so cruel,is that a doctor thing,or are you naturally narky???

Oh and BTW,I doubt he will be forthcoming with that info you were going to request from him.

 

Just for another perspective, I was talking to a Porsche dealer (non official) yesterday. He told me a good aussie spec 930 is over $200k, an import $100k and a conversion $80-90k

Just sayin.

Anyone who says it doesn't matter is simply delusional.

 

No, I think it's the ad doing it. Mods?

 

Or maybe Page 2 hates Aircon