Purchasing advice | FerrariChat

Purchasing advice

Discussion in 'Ferrari Discussion (not model specific)' started by 350black, Dec 11, 2004.

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  1. 350black

    350black Rookie

    Nov 19, 2004
    31
    Chicago, Il
    Full Name:
    360wanted
    I am close to being able to afford my first F Car.

    I am looking at the Modena. I am only 25 years old. I was wondering how to go about it. Can I just walk into a dealership and tell them what I want, they order it and I get my car in a few years. Or am I better off buying slightly used, get my car right away, and not take the big hit of being first buyer? I have been reading a few threads and it seems like you have to get on the dealers good side to even be considered a new buyer. I can not really afford to drop hundred of thousands of dollars just to get on his good side so that I can drop another 200K on the car that I want.

    Any advice would be appriciated.
     
  2. Ferrari 360 CS

    Ferrari 360 CS F1 Veteran

    Dec 4, 2004
    6,888
    Cape Town,SA
    Full Name:
    Jacques
    Ok first things first, you could probably walk into a dealer and tell him what you want, but bear in mind(not so sure if this applies in the states) dealers are only allocated so many cars by Ferrari so chances are you may have to wait, but having said that chances are more than a few guys that were ordering the Modena will have changed their orders to the new F430. A new model wont help you depreciation either. As far as I know prouduction of the Modena Coupe is comming to an end and the spider wont be around much longer either.

    What I would suggest is that you look at used low millage cars, as far as I am concerned buying from a dealer as apposed to an exotic car dealership is better in that you build up a relationship with that dealer.

    (really my word isnt cast in stone, thats just how a few of my mates have bought their cars, when they wanted new cars because they had built up a relationship with that dealer they were able to get in line before others, again not sure if this applies to the states)
     
  3. dakharris

    dakharris Two Time F1 World Champ

    Jun 7, 2001
    29,441
    Sleepy Hollow
    Full Name:
    Cavaliere Senzatesta
    The only way to know what type of deal you can really work is to ask the dealer. I suspect that there may be a few on the list who want to wait for the 430 and the dealer will have some slots to fill for 360's still in the pipeline. With the introduction of any new model, however, comes accelerated depreciation on the discontinued model.
     
  4. whart

    whart F1 Veteran
    Honorary Rossa Subscribed

    Dec 5, 2001
    6,554
    Austin, TX
    Full Name:
    William Maxwell Hart
    The topic of how to acquire these cars is a constant source of friction for first owners as well as long-time Ferrari customers. First, fill out your profile, since it will help identify where you are, geographically, and that alone may determine your fate for new ones. Why not kill 2 birds: you ain't gonna walk in and order a car as a newbie-unless its a 612 or a 575, so you are looking at dealer stock, including trade-ins, consignments and little sweetheart deals the dealer and his good customers have hatched together.
    Depending on the version of the 360, you could avoid some of the over sticker stuff, and get a nice ride; whether that gets you on a list for a new one is uncertain, or whether being on such a list has any meaning is itself open to question. (Just stroll through some of the current threads on these topics- being on a list may not mean much at all).
    I don't know if your local dealer will agree to commit to a new 430 simply because you buy a used 360. But, if the dealer will, insist on making a deposit- not some token amount, but 5 or 10 grand, if they will accomodate. (Don't know what current practices are, since i was last on such a "list" in 2001 and don't even own a Ferrari right now, not that there's anything wrong with that...).
    But, choose your dealer, to the extent you can, wisely; not just for glad-handing, but for service and customer loyalty. There are a number of dealers near me and i can tell you which one has the better sales guy and which one has the better service. If you do your diligence (about the dealer and the particular car), you can actually have an enjoyable ownership and driving experience, which is what it's all about.
     
  5. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
    Full Name:
    Art
    Go in buy a used 360, get on the list for a 430. Given the demand for the new cars, unless you have a history at that dealership, they'll put you on that list, but you'll be so far down on it, that you'll probably not get the car, production will end before you get the car. If on the other hand, you pick up a used car, say a 360, or 355, take some time to know the people at the dealership (they're usually pretty good guys, with a lot of knowledge about the cars) you might be able to get a new 430.

    Art
     
  6. 350black

    350black Rookie

    Nov 19, 2004
    31
    Chicago, Il
    Full Name:
    360wanted
    Thanks for all of the replies.

    As much as I would like the 430 it is out of my price range. The 360 I can get for a lot less due to the 430 coming out. That is why I am at the position of being able to afford the 360. I am starting to lean towards used, I would like to have this car for the Spring time here in Chicago.
     
  7. PerryJ

    PerryJ Formula 3

    Jun 5, 2003
    1,909
    N. Alabama
    Full Name:
    John Perry
    There are a TON of nice used 360's, I mean they made 10,000 of them, look at du pount registry, hemmings and such. shelton always has several.
    plus it'll be 10,000's off the price of a new one. ;)
     
  8. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    A "TON" of 360s would be less than one as they weigh over a ton each.
     
  9. marknkidz

    marknkidz Formula 3
    Silver Subscribed

    Oct 7, 2004
    1,327
    so cal
    Full Name:
    mark
    hey guyz, just a little info from my own personal experience. I read all the time about going to your dealer putting down some benji's and getting on the LIST.. Well guys i don't know how many of you have actually tried to do this BUTTTTT... If you are not on the list yet, you can forget it. I sent my 5K to the dealer i purchased my current 360 from and he sent it back!!!! already had 150 deposits (translates to 3 years worth of 430's) and this was 1 1/2 months ago...
     
  10. Nuvolari

    Nuvolari F1 Veteran
    Owner Silver Subscribed

    Sep 3, 2002
    6,638
    Toronto / SoCal
    Full Name:
    Rob C.
    A used 360 will not sell for much less than a new one. Certainly not at the depreciation rates seen with all other car marques. Also it is important to know how much it costs to own one of these cars. Lots of people just afford the car then sell them fast when they realize that ownership is pretty pricey. My opinion is that a first time buyer who even considers the price difference between a new or used one may be a little too tight on funds to make the ownership experience positive. I mean to offend no one so please just take my comment as an opinion. I do not know your financial details and do not wish to underscore your purchase in any way. Good luck with the purchase.
     
  11. 350black

    350black Rookie

    Nov 19, 2004
    31
    Chicago, Il
    Full Name:
    360wanted
    Money wise is not "really" the issue here. For me it is more of the fact that I want this car like right now. I want it this spring and I dont want to have to wait a few year to get one. And buying it used seems to be the way to go. But I have noticed a significant difference in a new one versus a used one. I found a 01 with 7K on it for sale for 110K. To me that is a big difference.
     
  12. jaturon

    jaturon Formula 3

    Oct 25, 2004
    1,599
    Bangkok Thailand
    Full Name:
    Zane
    I think for a first f car at a young age it is better to go for a good used one as you will not lose out much after that and just to get experience in the f cars.
    However, if the money is no object then splash it on brand new one and once you are bored with it sell it and step up to V12 and on and on.
     
  13. vanimal

    vanimal Formula Junior

    Mar 19, 2003
    380
    UK
    Full Name:
    Vaughan
    Stupid question - why the opening gambit 'I am only 25 year old' what has that got to do with buying a car, is it a statement meant to impress or make us feel sorry for you as you might have problems buying the car. If you have the means to make the purchase what difference does it make if your 19 or 90?
     
  14. trevi

    trevi F1 Rookie
    Owner

    May 19, 2003
    2,619
    Switzerland
    hmmmm.....90 and a 360??? does this really make no difference? :D
     
  15. 350black

    350black Rookie

    Nov 19, 2004
    31
    Chicago, Il
    Full Name:
    360wanted
    Of course my age has plenty to do with it. I was wondering how to purchase a new car. Do I have to be part of a club with a dealer. If so what chance do I have of becoming part of this club at 25 years old. Trying to impress you guys??? This board has people on it who have thousands and thousands times the amount of money that I have. I do not feel that 25 is very young to be able to buy a F-car.


    I just felt that if I wanted a valuable response then knowing my age would help.
     

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