1999 Ferrari F355 GTS - Price Guide Please

[arraneagar]

I have a ferrari F355 GTS which I am looking to sell. Unfortunately I have no idea of what I should expect to receive. I will post pictures of the car tomorrow, but initially the details are as follows: Left Hand drive, Red/Black interior, carbon fibre seats, 13,000 miles, full service history.
Unfortunately the car has been in Jersey its whole life so no tax has been paid does anybody know what I would have to do regarding this (do I need to pay it or do I just knock it off the price). I am also prepared to include cam belt change.
How much do you think teh car is worth? Should I try and sell in Europe?

Thanks
Arran

[FerrariV8]

HI Arran,

Your best bet would be to sell into europe - the LHD market is stronger than ours (currently) so prices are firmer. The potential UK purchaser will have to pay import tax which will make the car difficult to sell as there are a lot of easier options in the UK, so you'll need to either attract on price for a UK sale, or aim for Europe, Pistonheads website is popular abroad and Car and classic.co.uk
Good Luck with your sale.

Tim.

Edited by FerrariV8 on Tuesday 31st August 17:03

[rubystone]

There is an age limit on importing cars from the Channel Islands and a sliding scale of import duty too. I can't recall what either are off-hand, but I bet a visit to the DVLA site might help...

If the price were right for the car, I may be interested in buying it, but py offer would reflect the fact it is lhd.

[Mario149]

I'd agree about selling in Europe. My F355 is worth say mid £30ks in a respected dealer sale here, whereas when I was chatting to the director of the Cannes Ferrari main dealer last month about prices, and he showed me a similar condition/mileage car (but in LHD) he had for sale at €65k, so say €60k if he'd been an independent. Assuming the Euro is about 1.2 to the £, that's still about £25k difference

[marky1]

Might be worth getting UK VAT paid on it and then selling into Europe. If Jersey is like Gibraltar then to register in UK you will only have to pay VAT whereas to register in another Euro country you might have to pay an import duty and then VAT. So UK reg might be the cheapest EU country to get it registered in (and easiest as well I would imagine)

[F355GTS]

marky1 said:

Might be worth getting UK VAT paid on it and then selling into Europe. If Jersey is like Gibraltar then to register in UK you will only have to pay VAT whereas to register in another Euro country you might have to pay an import duty and then VAT. So UK reg might be the cheapest EU country to get it registered in (and easiest as well I would imagine)

There is import duty form Jersey at 10% however Uk VAT rates are still lower than most other Euro states so importing it here 1st may still be the cheapest option. Once it's UK registered it won;t attract VAT or equivalent in an EU state however some do have further import/ registration fees