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Offer to Purchase?

Discussion in 'Canada' started by Deep River, Jul 9, 2011.

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  1. Deep River

    Deep River Rookie

    Apr 11, 2011
    48
    Niagara
    #1 Deep River, Jul 9, 2011
    So further to car show, a local gentleman, apparently a F-car enthusiast, spent a lot of time looking over my car (which I bought a month ago), asking me questions, then offered to purchase the car for what I paid for plus a couple extra bucks. Not really interested in selling, but.... If I sold it, that would mean I got paid to drive a Ferrari around for a month. I gave him my number and he is apparently coming by this week. What do you think? I don’t really want to sell, my car is a part of the family, but it makes me feel that I got a good price on the car.
     
  2. Vantage007

    Vantage007 Formula 3

    Jul 5, 2009
    1,375
    Toronto
    #2 Vantage007, Jul 9, 2011
    Given you just bought it a month ago, I wouldn't expect any depreciation to take place period. If you bought it for well-below market value, you may want to consider turning a profit. I guess this point completely depends on where you purchased the car, and for how much; neither of which are really my business. Just something to think about, I suppose.

    On the other end of the spectrum however, if you're not interested in selling because you've developed a sentimental attachment to the car, why even bother wasting your time letting the potential buyer come over and potentially take it for a joyride on your watch and dime?
     
  3. whupwhup

    whupwhup Formula Junior

    Apr 4, 2004
    258
    Stoney Creek, ON
    Full Name:
    Kash
    #3 whupwhup, Jul 9, 2011
    Personally, Id pass unless the "profit" was something substantial. The second that person drives away - you will be looking for another one which may never match the emotions you have with this one.

    But again, its your choice. At the very least - its good to know your car is a wanted ;-)
     
  4. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    #4 AceMaster, Jul 9, 2011
    The answer is very simple - you need to decide which is more important and which you would rather have; a profit on the resale, or the Ferrari you now consider family.
     
  5. PbPedis

    PbPedis Formula Junior

    May 6, 2007
    710
    Ontario, Canada
    Full Name:
    Dennis
    #5 PbPedis, Jul 9, 2011
    so he's willing to pay you your purchase price + the HST you paid on it? If not, you're still losing a big chunk of change. Maybe you should send this guy my way :)
     
  6. Deep River

    Deep River Rookie

    Apr 11, 2011
    48
    Niagara
    #6 Deep River, Jul 10, 2011
    He's willing to pay what I paid including hst and profit on top
     
  7. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    #7 AceMaster, Jul 10, 2011
    Dennis, are you considering unloading the 430?

    By the way, I saw you on Richmond Street a few weeks ago, your 430 looked like a million bucks ;)
     
  8. jqpd99

    jqpd99 Formula 3
    Silver Subscribed

    Jul 25, 2007
    2,479
    Ottawa
    Full Name:
    DFO
    #8 jqpd99, Jul 10, 2011
  9. PbPedis

    PbPedis Formula Junior

    May 6, 2007
    710
    Ontario, Canada
    Full Name:
    Dennis
    #9 PbPedis, Jul 10, 2011
    For the right price Mike, I'd consider it, but not actively trying to sell it.

    Were you in your Ferrari? I don't recall seeing it and it would be hard to miss, so I would assume you weren't.
     
  10. Deep River

    Deep River Rookie

    Apr 11, 2011
    48
    Niagara
    #10 Deep River, Jul 10, 2011
    Last edited: Jul 10, 2011
  11. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,777
    Ontario, Canada
    Full Name:
    Mike
    #11 AceMaster, Jul 10, 2011
    You assumed correct, I was not in my 348 :)
     
  12. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,629
    Toronto,CANADA
    Full Name:
    James Simpson
    #12 JamesSimpson, Jul 11, 2011
    sell it and get a 360...spiders are under a $100k now and not as rare a way way way better car to drive daily or just on the weekend, plus a power roof and steering!
     
  13. benny355

    benny355 Karting

    Jul 20, 2010
    184
    #13 benny355, Jul 11, 2011
    Last edited: Jul 11, 2011
    I love all Ferrari's but the 360 is the least appealing to me. I wouldn't sell my 355 to purchase a 360. This opinion is only based on looks - I have not driven a 360. I just love the look of the 348 and 355.

    Isn't any material object for sale at the right price? If you think you can find a nicer car and pocket some money - go for it! As long as it's replacement is a Ferrari it will quickly become part of the family.
     

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