Ferrari p/x purchase issue where do I stand

[OverSteery]

Ferrari can chose what to resell as an approved use car - in some ways, it's good to hear they actually do apply some standards.

You chose not to be buy from Ferrari, so accepted that it may or may not meet their standards.

Disappointing for you, but I really struggle to see anybody at fault here.

[ZX10R NIN]

Firstly spend £10 on Vcheck & see if it's been recorded, if it has then they may even have pictures of the damage.

Then proceed from there, if no one is showing this as a CAT car then I'd be asking Ferrari to show that the car was actually damaged.

It may be the case that the car shared a private plate with a car that has been written off.

[maz8062]

OverSteery said:

Ferrari can chose what to resell as an approved use car - in some ways, it's good to hear they actually do apply some standards.

You chose not to be buy from Ferrari, so accepted that it may or may not meet their standards.

Disappointing for you, but I really struggle to see anybody at fault here.

Sadly you’re right. Ferrari’s are all about provenance - that’s what makes the things so valuable over time. Is it the selling dealers responsibility to go above and beyond an HPI check before selling a Ferrari? If a buyer is spending £130k should they be carrying out extra due diligence?

The simple way out of it is to sell on, take a hit and learn for the future. Do you have to disclose to potential buyers info over and above HPI? That’s up to you.

[Krikkit]

Mfb said:

Thanks for all of your input so far. I have established that thankfully the car was not written off. It had some frontal damage and was repaired by a Ferrari approved bodyshop using genuine Ferrari parts 18 months ago. Apparently even if the welded front bumper support beam is replaced, Ferrari log it as structural.

It still leaves me in the same position regarding part exchange.

Bugger, sell it elsewhere is the most sensible route by the sounds

[DP14]

ZX10R NIN said:

...then I'd be asking Ferrari to show that the car was actually damaged.

Why would they be interested in doing that? They didn't supply it, there's no need for them to prove the basis of their commercial decision.

[fflump]

I'm a little surprised that the main dealer refused completely to take it as p/x. Obviously it is not going into their Used Approved scheme but they will take many p/x cars that don't qualify for that and punt them off elsewhere in the trade. The car has a value outside of the main dealer network and was repaired by a Ferrari-approved bodyshop. Indeed, if it had been repaired without them knowing they may have taken it in p/x!

[Fessia fancier]

If you drop me a line I may be able to help.

[griffter]

You would have hoped that if it was repaired by Ferrari, it would have been repaired to a standard with which they were satisfied.

Anyway good luck OP. I quite like the interim p/x idea suggested earlier although you’ll take a hit of course.

[Deep Thought]

Krikkit said:

Mfb said:

Thanks for all of your input so far. I have established that thankfully the car was not written off. It had some frontal damage and was repaired by a Ferrari approved bodyshop using genuine Ferrari parts 18 months ago. Apparently even if the welded front bumper support beam is replaced, Ferrari log it as structural.

It still leaves me in the same position regarding part exchange.

Bugger, sell it elsewhere is the most sensible route by the sounds

^^^^
This

I think realistically it means not being able to trade this car in to a Ferrari main dealer, thus options are to source the car you want to buy from a non franchised dealer and trade it in there.

[Rozzers]

Poor show from the Ferrari network that an approved repair is not good enough for their own used sales.

I’d have thought that they might just inspect a bit more to satisfy themselves. Perhaps that’s why the car was sold out with the network in the first place. Plus I’ve seen some less than perfect approved used Ferrari’s!

If you’ve plenty cash you can obviously sell privately and buy from the dealer, but few have the facility to finance two at once.

[andy43]

That sucks. Official repair with official parts but officially unclean afterwards? I’d go back to Ferrari and ask why the car wasn’t written off if it’s now unsaleable. They can’t have it both ways. A categorised car is classed as uneconomical to repair. Your car clearly wasn’t uneconomical to repair for the original owner or the dealer that took his insurers repair money. Only option is a sale outside the official network or pushing your supplying indie to buy it back.

[Deep Thought]

andy43 said:

That sucks. Official repair with official parts but officially unclean afterwards? I’d go back to Ferrari and ask why the car wasn’t written off if it’s now unsaleable. They can’t have it both ways. A categorised car is classed as uneconomical to repair. Your car clearly wasn’t uneconomical to repair for the original owner or the dealer that took his insurers repair money. Only option is a sale outside the official network or pushing your supplying indie to buy it back.

Writing it off wouldnt have been their decision to make, it would have been the insurance companys.

The car is saleable, just they (this dealer specifically perhaps) are chosing not to have it as an Approved Used car.

They can have it both ways - their dealership, their choice.

It could be this dealership simply dont want to retail the car, having noted that its on the cars record that it has had a significant repair.

[stephenjk]

I'd try another Ferrari dealer to see what their position is and how much they'd give you as straight sale. That dealer might be using this as an excuse and they have other reasons for not wanting to px or might just have different interpretation of Ferrari guidance.

[DP14]

Rozzers said:

Poor show from the Ferrari network that an approved repair is not good enough for their own used sales.

Then there'd be a thread like this with someone complaining that they bought a Ferrari from an official dealer and they've now discovered it's had previous damage repaired, had they known they'd never have bought it, what's the dealer going to do to put this right, etc. etc.

[Dimebars]

As mentioned previously, your issue is going to be proving the original dealer knew about the damage/repair when selling you the car

If there is no CAT record on HPI, and the previous owner hasn't been truthful when selling to the dealer, then you're going to struggle

[Deep Thought]

Dimebars said:

As mentioned previously, your issue is going to be proving the original dealer knew about the damage/repair when selling you the car

If there is no CAT record on HPI, and the previous owner hasn't been truthful when selling to the dealer, then you're going to struggle

Its up to the dealer to know about the cars history, they are experts who must do their due diligence.

But, in reality, whats happening here is the Ferrari dealer is refusing to buy the car because it has had previous damage that means they arent prepared to retail it.

Cars get damaged and cars get repaired. Finding out your car has had some bodywork done to it is not a basis to reject it.

[maz8062]

Dimebars said:

As mentioned previously, your issue is going to be proving the original dealer knew about the damage/repair when selling you the car

If there is no CAT record on HPI, and the previous owner hasn't been truthful when selling to the dealer, then you're going to struggle

I disagree. If the car is not recorded as a CAT and was repaired at a manufacturer approved workshop using OEM parts, there shouldn’t be an issue for punters buying the car.

Ferrari’s however, are valued according to the provenance of the car. Number of owners, servicing, mileage, options and repair history, are all very important in valuing said car.

If I were the OP I’d keep my powder dry and do not publicise this episode, because the sums involved and the potential loss is such that the selling dealer will not want the car back and Ferrari are not going to change their minds. So best to keep quiet and get rid without fuss. After all, there’s a danger the car could get blacklisted the more people that know about it.

Good luck

[Mfb]

A big thank you to all for your advice and comments. I am pleased to say that the dealer I purchased the car from has been positive in their response to the situation, and we are going to resolve it through mutual agreement. I think it’s an important message to one and all when buying anything prestige out of its respective manufacturers network. I will always ask if the car has ANY record of accident damage on any system be it HPI or manufacturer. A lesson learned for sure.
Thanks again.

[Petrus1983]

Pleased to read this. Well done.

[evoivboy]

Was it this one?