To Sell or Not to Sell | FerrariChat

To Sell or Not to Sell

Discussion in '348/355' started by alex348, Jan 7, 2007.

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  1. alex348

    alex348 Rookie

    Jun 13, 2005
    7
    Lake Grove, NY
    Full Name:
    Alex
    I need some help...I don't know if I should sell my 1994 348 spider, with 23,230 miles to a wholesaler tomorrow for 48K. Any suggestions for a quick and fair sell?
     
  2. 285ferrari

    285ferrari Two Time F1 World Champ
    Sponsor

    Sep 11, 2004
    20,958
    MD and NE
    Full Name:
    Robbie
    I don't follow 348 pricing very close, but will tell you I sold my 89 328GTS for more than that 4 months ago...If you don't need the money I would say hold on to it until spring--then try to sell it..
     
  3. gothspeed

    gothspeed F1 World Champ

    May 26, 2006
    10,244
    U.S.A.
    Full Name:
    goth
    Unless you are buying a 355, I would take 285's advice.....springtime!! :)
     
  4. 285ferrari

    285ferrari Two Time F1 World Champ
    Sponsor

    Sep 11, 2004
    20,958
    MD and NE
    Full Name:
    Robbie
    Goth is right if you are dumping your measly 348 for a much more powerful and greater in every aspect 355 - then go for it NOW!!!!!!!!!!!!!!!!!!!!!!!!!
     
  5. alex348

    alex348 Rookie

    Jun 13, 2005
    7
    Lake Grove, NY
    Full Name:
    Alex
    I wish I was buying another Ferrari, it's more like a new home.
     
  6. plugzit

    plugzit F1 Veteran
    Silver Subscribed

    Dec 1, 2004
    7,776
    Redondo Beach, CA
    Full Name:
    Bruce Bogart
    Divorce the evil woman who's coercing you into buying a stationary liability!!!!!!!!!!!!!!!!!!!!!
     
  7. speedy_sam

    speedy_sam F1 Veteran

    Jul 13, 2004
    5,559
    TX
    Full Name:
    Sameer
    $48k is a steal for a spider. Most of the prices I have seen were in the $60+ range.
     
  8. Gershwin

    Gershwin F1 Veteran

    Feb 21, 2005
    6,415
    Kentucky
    If your selling to a wholesaler then expect to sell it to him at a wholesale price.

    Otherwise, attempt to trade and at least off-set the loss on a swap.
     
  9. VTChris

    VTChris F1 World Champ

    Aug 21, 2005
    13,259
    LALALALALA

    Sorry, what were ya saying? :)
     
  10. MDshore348

    MDshore348 Formula 3

    Dec 24, 2004
    2,460
    Maryland
    Full Name:
    Darron
    48k is a pretty good wholesale price ... and you are also dealing with the buying side of the spring house market, so the couple k's you will lose on the 348 wholesale selling price would be advantagous in buying a home now as opposed to the spring housing rush..
     
  11. wantaferrari

    wantaferrari Rookie

    Dec 30, 2006
    47
    So what did you decide? I am looking for a good 348.
     
  12. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,596
    Gates Mills, Ohio
    Full Name:
    Jon
    True, he could buy an upgraded deluxe four-bay garage and put the new minivan in any of several spaces.
     
  13. 348SStb

    348SStb F1 Rookie
    Owner

    If your car is in excellent condition, he will turn around and sell that car to a retailer for $58-$60K. The retailer will sell it for $66-$70K.
     
  14. andrew911

    andrew911 F1 Rookie
    Silver Subscribed

    Sep 8, 2003
    2,894
    Northern NJ
    you guys are all talking asking prices vs. sales price- there is a difference....the $48K is real cash, the other numbers are asking prices and doen't take into effect time value of money (especially if he needs the money NOW for the house), advertising costs, aggrevation, or of course negotiation of price. $48k seems a little low, but it is cash from a wholesaler in the middle of winter, and weighed against the difference in the house price you'll still be ahead.

    You could try one last ditch effort on ebay for the advertising and chance that someone will actually buy it on there to pick up a couple extra grand in the proceeds, & then if that fails after 7-9 days, sell it to the wholesaler...it will cost $50 to list on ebay- put in the ad the car is also for sale locally & you have the right to end the auction at any time...this way people will know it's OK to contact you to buy outside of ebay. I've contacted a couple of people off ebay on cars- I wouldn't do the sale through ebay (want to see the car, PPI, etc), but it's a good advertising medium if nothing else.

    Good luck with the sale and the new house!
     

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