Quote:
Originally posted by TaDoW
so, back in the day when I had my first job at sexhound ... and I was supposed to get "stock options" in the company ... I went down to the ferrari shop just to check things out, cuz I was young and stupid and had the wool over my eyes. However, I did pick up a few cool details about the ferrari market.
Basically here's the way it works :
You can get a brand new ferrari 360 Modena for about 130,000 and with options about 150,000 ... HOWEVER there's a huge waiting list. many people purhase two cars at the same time ... because the second you walk out the door with the keys the value almost doubles. So, you buy two, turn around and sell one to someone who wants it RIGHT NOW for about 250,000 and almost cover the cost of both cars. :-)
I imagine with the enzo, the base cost is 650,000 .. but if you want one today you'll be paying $1 to $2MM for it :-)
I'd like to start buying ferraris and reselling them, but need a half million dollar line of credit... can anyone hook me up with a good bank that will take a guy with a $40,000 line of credit and give them half a mil for a car?
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1 - You can't get a brand new 360 for $130k. Depending on if you want the F1 trasmisision ($10k option), it's gonna run you about $165-180k out the door, depending on what options you want.
Sales, luxury, & gas guzzler tax alone will run you $10k+, depending on what state you live in.
2 - I GUARANTEE you that no authorized Ferrari dealership in the USA/Canada will sell you 2 brand new 360s at once. With waiting lists up to 5 years long and these cars being cash cows, they know everybody and their mothers would love to buy more than one.
Quote:
Originally posted by The Hun
Tadow is almost right... I bought my 360 Spider 'secondhand' so I didn't have to wait 20 months. Paid about 15K over the new price. You'd have to order at least 20 to get one free though...
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Smart thing to do, but not in the USA. Used 360 Spiders are going for $80-100k over sticker, depending on the mileage. Most USA dealerships are not even taking names for the 360 Spider waiting lists anymore, as they will stop producing the car by the time the bottom entries get a car. This is driving the price of used ones skyhigh.