selling advice needed

if I had to guess, based on the fact that it's a GREAT looking car, I'd guess your asking price is too high.

Removing the stripe and the wheels probably wouldn't effect that much. But then again, plenty of folks here wouldn't buy a pretender just for the look.

The wheels and tires might sell for a few grand on their own, take 'em off, put the stock tires on, reduce the price accordingly. List the car as having the wheels available for additional cost if you want.

DM

 

Hang in there ... the economy is the problem. We can see light at the end of the tunnel here in the US. I would check the Ferrari dealerships in your area as what the market is asking.

You have a beautiful car and I would let the buyer make the decision on the stripes and wheels

Good Luck

 

Wheels are more attractive IMO, the stripe is really a hit or miss....

Best of success in selling it.

 

Leave stripe & wheels... Lower your price by 10%.

Try that & repost in 2 weeks

 

why not leave it the way it is (with the stripes etc) and put in your ad "can remove the stripes if buyer desires" or something along those lines, and then give the buyer the option. you can show them pics of the car with and without the stripes.

just my humble advice.

 

Problem with that is he will probably end up with an offer at the lower price but With the wheels.

But at least it is sold.

 

I have my modena on the net and it is the 3rd cheapest but still no offers.Had a few offers 12k euro under my asking. It seems people only want to buy now if you take it in the ass.

 

The stripes are painted with clear?

 

Respectfully, that "light" is a train coming. We are in deep trouble.

Mortgage brokers announced at least 75,000 more forecloseures this year (presently being withheld to reduce inventory)., and Deutches Bank predicts 48% of U.S. homeowners will be underwater by 2011. Even so called "good" employment stats, i.e. a drop from 9.5 to 9.4% is based on people "leaving the work force". You don't reduce such numbers when loosing 250,000 more job. In my view, public pronouncements and the stock market up tick is "psychology" not economics. No great earning. Corporations are still suffering, the debt increasing, less revenue coming into the goverment because less workers pay taxes, and we still have enormous spending which can only be paid for by printing (which we have been doing) borrowing (which may come to a hault shortly) and taxing (not that many to steal from these days). Hope I am wrong.

Therefore, my advice to the person asking about their car is , I believe you need to lower your price because it will be lowered for you very quickly. Get what you can and go, if you must sell. Actually, as prices drop , keeping cars makes more sense. May not be the status symbol it was, but the fun is still there. Best

 

I love the wheels but would remove the stripe. Just my .02.

 

The problem is not the wheels or the stripe, luxury goods are very soft!

 

lose the stripe, keep the rims. Everything sells when priced right. There is a bid out there some place, you just have to hit it

Ray

 

I agree with previous posters. My opinion: Try losing the stripe if it's easy to do and see if that works. Rims are fine. If it still isn't selling, try lowering the price. Keep in mind that Ferrari's, especially in this market, can sit unsold for a long time unless the price is "right".

 

Challenge wheels are great. Stripe can go.

 

Bottom line...lower the price. You need to price at the supply and demand equilibrium, and you are not there.

Tim

 

It's probably price. To get rid of stuff now you have to price it right and it will sell. You're probably not going to like the price you'll need to sell at but if you have to sell you don't have much of a choice.

 

What IS he asking? Did I miss that?

 

selling cars is like playing the stock market. It comes down to volume and bid/ask. When there is no volume, prices don't matter. When there is volume, it's all about the price. The bid is what someone will pay who wants the stock (or car in this case), ask is what someone who already owns the stock will sell at. If those two are separated, that's called the spread. If you are trying to sell and your asking price is too high, either you can wait around until someone comes along willing to pay up or you have to dump into the best bid that's out there in the market.

When I sold my 360, it took 6+ months to get my price, but the car was in great condition so I felt like it was worth it. I also was thinking about keeping it, so I was in no rush to sell. In fact, if the person who did ultimately buy the car had changed his mind, I probably would have just kept the car.

Last month I sold my Dad's Honda for him. I told him I would have it sold within a week if not sooner, but he didn't believe me. I posted it on CL at just a little below private party blue book I think. Within 1 hour I had 6 calls and I ended up selling the car that night. The guy who bought it called me not more than 30 minutes after posting the ad. My Dad was shocked when I called him later that same day to say the car was sold and the guy was bringing the balance back in the morning.

So it just shows you, if you hit the right price and have the volume (or in the case of cars, if you are selling a car that is in high demand), then you can sell stuff fast. My Dad inherited a house in death valley a few years ago and called me for advice on selling it. He had tried to sell it via an agent for months with no luck. So I looked at it and checked the comps - his price was way hi. He was almost double what it was worth based on the condition and the problems with the lot, etc. I told him to lower the price, but he didn't believe it would sell - he said no body wanted the house because of the problems and he was going to just give it to me for free. I told him I didn't want it, but someone out there did. Finally he lowered the price. We tried a 20% reduction for 2 weeks, then finally cut the price in half. It sold within a few days once he got the price down to where it was attractive to someone who wanted to do the work and flip it.

On your car, the strip cuts your market (i.e. volume) way down. You would need to find someone who loves the strip like you do and chances are they are few and far between (no offense). The rims on the other hand, that might actually increase your market. Those are nice rims. If they are the BBS ones for the 360, they are actually 1/2 wider than stock so you can let people know they car might handle a touch better. Selling is all about marketing also. You need to post it all over, cars.com, ebay, etc. Good quality pictures and a detailed write up makes the difference. When I sold my car, I had a huge write up and many many good quality pictures.

Price it right and it will sell - either that or be prepared to wait. When it comes to selling stuff, it's the old saying about "what the market will bear". You aren't right, the market is right when it comes to price

Ray

 

btw, a good method to figure out price is take all your low ball offers and then average them out and add about 10% to that figure - maybe 20%. That's probably about what you can get on a good day.

So if people are trying to buy the car all day long at $70K, then you can probably get $77K to low $80K for it if the right buyer comes along.

Ray

 

Spot on!

 

Well, I just bought a 360 yesterday, so I can tell you from a buyer's perspective:

First there seems to be a ton of 360 and 430s for sale. The prices from private individuals was higher than from dealers. Individuals wanted to hold to their advertised prices, dealers want to get these out of the showroom. Most people advise you to buy only from a dealer (well a Ferrari dealer).

The *perception* I had was that I was taking a higher risk buying from an individual, so I certainly didn't want to pay a higher price and have a higher risk of having problems with the car. So if I was to buy from an individual I would want a lower price as a hedge against the perceived risk.

Perhaps like other Ferrari buyers, I own other higher end vehicles. The value of my $92k S500 went to $32k in under 3 years, and I don't want to know what my $110k SL500 is now worth. So for me, I *really* wanted to limit my losses.

There were so many low mile cars available with so many different add-ons that it really boiled down to the price for me. I would say the average advertised price for a 2004 360 was $135k, the negotiated price was $106k - fairly big difference. In the end I paid $106k, with two new rear tires plus $1k towards items noted on the PPI.

Options - exhaust systems, carbon fiber this or that, upgraded stereos, non-oem wheels I decided against cars with these and decided that factory options would be best. Individuals seemed to want to factor in what they paid for the options on top of the value of the car, which I don't think is realistic.

Colors - I found that everything being equal Red commanded a higher price from individuals, and blue was the lowest. Dealers didn't seem to care what color the car was, but blue was still the cheapest.

The above is simply how I felt and what was important to me as a buyer - your results may vary.

 

Excellent overview of your experience, thank you!

 

I think you mark it to market if you want to sell it otherwise you are wasting your money and time.