Why the reluctance to let people know what you paid for your car?

Discussion in 'FF/GTC4Lusso/F12/812S' started by deshapiro, Jul 17, 2017.

  1. deshapiro

    deshapiro Karting
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    Sep 25, 2015
    #1 deshapiro, Jul 17, 2017
    Last edited: Jul 17, 2017
    I never understood this. The actual selling prices is the main leverage that dealers have over buyers. This is particularly true for Ferraris, where so much of the dealing involves used cars.
    As I go through the threads, I find the usual suspects claiming to pay 60-70 percent of the asking prices, yada yada.... True or not, I have no clue. And yes, I'm aware that you make an offer and negotiate, etc.

    I think that a registry of actual selling prices, along with year, mileage, color, etc. that go into the valuation of cars would be extraordinarily helpful to those of us that are looking.

  2. 21ATS

    21ATS Karting

    Dec 10, 2016
    South East UK
    #2 21ATS, Jul 17, 2017
    Last edited: Jul 17, 2017
    What I find more difficult to comprehend is people ordering a Ferrari and not being given a final price until they arrive to pay for it and drive off.
  3. Scraggy

    Scraggy Formula 3
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    Apr 2, 2012
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    Guess if you can "afford" 300k you can afford 290 or 315.
  4. koop

    koop Formula Junior
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    Apr 30, 2011
    I think everyone is afraid they paid too much
  5. Gran Drewismo

    Gran Drewismo F1 Rookie

    Jan 24, 2005
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    What I think is strange too is people who post pictures of their cars on here and then when you look at their profiles they have "N/A" for "Personal Ferraris"
  6. ROMO

    ROMO Formula 3
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    Mar 18, 2008
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    When can we PLEASE see a detailed listing of ALL options other than "other options"...? Ugh!
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  8. MDEL

    MDEL Formula 3
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    Feb 24, 2016
    Southern Europe
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    After having searched during months through hundreds of different Ferrari cars located in continental Europe, I bought two different used models during a period of one year. During this process I made several short lists of the cars that really interested me, contacted the sellers, enquired about prices and details and requested final discounts. What I can tell you is that the final discounts obtained for the Ferraris I bought were 5% and 8% of the asking price and, for all the cars that interested me, I never had any seller proposing a discount bigger than 15%. I came across several cars where the sellers proposed final discounts bigger than 20% but in all these cases the cars were either aged, had excessive millage or some kind of issue.

    May be things work differently in other parts of the world but when I ear someone mentioning that bought a Ferrari for 60 - 70 percent of the asking price I became very suspicious. I recall some stories I read here on FerrariChat about early F. Californias which were bought at bargain prices without an extended warranty and short after the owners were in despair because of transmission issues which costed more than $10 K to repair.
  9. 21ATS

    21ATS Karting

    Dec 10, 2016
    South East UK
    I don't think afford is the issue. I'm guessing most people that are buying £300k cars are reasonably good business people that would spend a lot of time and energy getting details ironed out before shaking hands on a business contract.

    What if the car arrives and they suddenly decide to charge you £35k for the "special" leather colour you chose which is really only worth £3k, do you suck it up or tell them you don't want the car?
  10. CrazyMD

    CrazyMD Formula Junior

    Mar 10, 2012
    Southern California

    They tell you prices for all special options. At least they have on my builds. But ya you don't get the final price until the car comes in. Kind of weird.

    Sent from my iPhone using Tapatalk
  11. colamclean

    colamclean Karting
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    Nov 5, 2013
    McLean, VA
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    Patrick Transue
    I agree with David that it would be great to have more visibility into actual sales prices, but it is not a simple issue. BTW, I responded to PM requests for what we paid for our FF ($186k) a couple of years ago because when I am a buyer, it helps. I hope others do the same.
  12. killer58

    killer58 Formula Junior
    Silver Subscribed

    Jun 30, 2010
    CA & DC
    I recently bought a 456M GTA.
    I'm happy to share my market research and sales price. Simply send me a PM.
  13. DavidJames1

    DavidJames1 Formula 3
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    Mar 6, 2010
    Bangkok, Thailand
    Visibility is great but quite honestly I think what you pay for something is a private matter and I feel no obligation to share what I pay for cars or anything else and have no expectations for others to share either. If I'm buying a used car, I'll do my own research and make my own decisions - for better or worse. If I'm buying a new Ferrari, then I know when I first specify what I want, I won't see all the pricing but I've always had the total from my dealer before I finally committed. Maybe that varies by market?
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  15. Tupps11

    Tupps11 Formula Junior
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    Jan 7, 2009
    The typical discount we see in our market for Brand New or slightly used (low mileage) cars is between 5-9%...depending on your relationship with the dealer.

    If you buy second hand from private sellers, you can get a much higher discount. Just get on www.mobile.de and you will notice used F12's going for almost 100k euros less than what their owners paid a couple years back.

    North American market is way different though. The prices i see dealers charging customers for new and used cars are shocking. Much higher than this side of the pond.
  16. MDEL

    MDEL Formula 3
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    Feb 24, 2016
    Southern Europe
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    The range of discount you indicate as being practiced on new and low mileage cars confirms the empirical feeling I have. I already bought in Germany two Ferraris from the same dealer which is also an official seller for the brand, and on the second one I got a better discount because I became to know the people. Concerning the F12 I've followed many available cars in Germany during several months, and the prices of the best ones with low mileage, above average extras and nice colors, never dropped. Beginning of this year some of this top F12's available were sold as soon as they were adverted and I was lextremely lucky to be able to buy one of the best in the market.
  17. tmario

    tmario Formula Junior

    May 11, 2004
    New York
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    As in every other market in the world, transparency would be beneficial for everyone except the dealers (and ultimately even they would benefit from more transactions and a more educated consumer). It would also require much more information to be public including repairs and such.

    The counter to that is that luxury items try to increase mystique as that increases perceived value. Consumers' egos can benefit from having other people (non owners) believe prices are higher than they are.

    It is tremendously annoying to me that in this age of electronic records, that I cannot request all the repair/maintenance records of a car I am interested in. The answer is that dealers don't really want to know either as it gives them cover.

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