Salvage Ferraris | FerrariChat

Salvage Ferraris

Discussion in 'Technical Q&A' started by Gearjammer, Nov 4, 2011.

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  1. Gearjammer

    Gearjammer Rookie

    Aug 3, 2010
    20
    Sooke, BC
    Full Name:
    Rod J.
  2. bert308

    bert308 Formula 3

    Nov 30, 2002
    1,776
    Roermond Netherlands
    Full Name:
    Bert Kanters
    Haha, I was a only a little suspicious, then I saw the $305.000 Enzo.

    google says:

    "Readytofix Comment Posted on June 15th, 2005. About Uncategorized.Avoid getting your hopes up with the website http://www.readytofix.com. They list cars “for sale” on the page that you can make an offer on or contact them for more details. ReadyToFix is a site designed to get you to subscribe to their sister site Autosource-online.com. None of the vehicles they list are actually for sale through Readytofix. Most of the pictures are stolen from Insurance Auto Auction without their knowledge or consent.

    Should you subscribe to Autosource-online you’re only getting a list of salvage dealers in the US. This list is the same the popular search engine’s would give you for free.

    Don’t waste your time emailing these people, take it from me. I’ve wasted my fair share of time chasing them to only find out it’s a scam to get your $15."
     
  3. Gearjammer

    Gearjammer Rookie

    Aug 3, 2010
    20
    Sooke, BC
    Full Name:
    Rod J.
    Thanks for that. I will give them a pass.

    Cheers.
     
  4. wang

    wang Formula 3

    Feb 23, 2004
    1,998
    Brunei
    Full Name:
    H. Wang
    Thanks for the heads up!
     
  5. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    #5 Darolls, Nov 6, 2011
    Last edited: Nov 6, 2011
    And remember, in most cases insurance companies considered these vehicles 'totaled'. Cost more to repair than actual value in good condition.

    Sure, you could probably part them out and make money, but why doesn't the advertiser do this? Ya just gotta ask yourself.........!
     
  6. tr0768

    tr0768 Formula Junior

    Oct 28, 2008
    736
    Lake Stevens Washington
    Full Name:
    Howard Musolf
    This company just pirates photos from salage pools and then tries to get you to believe they have the car and will sell them difrect to you. Just another internet scam.

    You as an individual can sign up to buy at Copart salvage pools around the country. I beleive the fee per transaction is $200.00. Once you access the Copart website you can go to a section that will allow you to look for a specific make and a range of years. Then all Ferraris or your car of interest will appear on the screen with spefic information and photos of each car. These cars are listed by location of the salvage pools. You can see what date the car is being auctioned and at which loaction the vehicle is stored at.

    One word of caution, as a regualr professional buyer at these sales, there are no deals. The companies that specialize is Ferrari, Maserati, or other exotic cars are linked to these sites as we are and spend lots of time time locating and buying inventory for their
    yards, and they will pay more for the salvage.

    Yes once in a while there may be a car slip through the cracks but for the most part they are near market value based on damage repair costs or salvageable parts. A couple of other things to keep in mind, once a car has a salvage title, it is nearly impossible to finance, branded cars are the kiss of death to banks and finacial institutions and make it difficult to resell. Most will need a vehicle inspection depending on the state you wish to license it in. There are a number of different types of paperwork issued with a salvage vehicle, some paperwork will not allow you to retitle or put the car back on the road, as it is for salvage only. Lastly, most insurance companies will not reinsure a salvage vehicle, especially a high end exotic car. There is a chatter here in the 365/400/312 section that had a 400 he purchased with a salvage bill of sale. He repaired the car and then found out his paper work would not allow it to be repaired, retitled or driven on the road. He tried several different states and finally gave up and parted the car out.

    Very expierenced salvage buyer, just sayin' be careful and know the rules before you spend.

    Howard Musolf
    1981 308gtsi
    1982 400i Cabriolet
    1988 Lotus Esprit Turbo
    1920's-30's Indy cars
    2 many brass cars
     
  7. thecarreaper

    thecarreaper F1 World Champ
    Silver Subscribed

    Sep 30, 2003
    18,063
    Savannah
    My 328 will be available soon for parts.

    I will post a thread will all the details when i can.
     
  8. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,556
    San Carlos, CA
    Full Name:
    Mitchell Le
    It is a fact that you can title a salvaged car, register it, and drive it legally in California.
     
  9. WJHMH

    WJHMH Two Time F1 World Champ
    Silver Subscribed

    Sep 5, 2001
    26,457
    Panther City, Texas
    Full Name:
    WJHMH
    I just found out about your 328, I'm really sorry to hear to this awful news.
     

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