Negotiating with a Ferrari Main dealer

Negotiating with a Ferrari Main dealer

Author
Discussion

Ferruccio

1,507 posts

84 months

Tuesday 30th June 2020
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Francois de La Rochefoucauld said:
What's the view on buying sight unseen?
Don’t.

Durzel

9,778 posts

133 months

Tuesday 30th June 2020
quotequote all
Ferruccio said:
Francois de La Rochefoucauld said:
What's the view on buying sight unseen?
Don’t.
+1

Make a day of it, might as well savour the experience. Even if it were a main dealer I'd want to look over the car and ask them to fix anything as part of the prep.

Francois de La Rochefoucauld

331 posts

43 months

Tuesday 30th June 2020
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Probably sound advice, they aren't especially rare in any case!

veramay

2 posts

12 months

Tuesday 30th June 2020
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Thats a good situation to be in!

Francois de La Rochefoucauld

331 posts

43 months

Friday 3rd July 2020
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Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.

Taffy66

4,463 posts

67 months

Friday 3rd July 2020
quotequote all
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
I've bought a Ferrari from Redline without seeing it prior to purchase..Car was exceptional although don't expect the same standard of detailing as you would get from a Ferrari main dealer. Factor in a high end detail after Redline which you don't need after a Main dealer..
I estimate a Redline Ferrari needs to be up to £10K cheaper by the time you factor in detailing,paint correction and two year warranty.
I've used Lombard to finance cars who are brilliant and untouchable on rates..

xcentric

594 posts

184 months

Friday 3rd July 2020
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/thread hijack/
Lombard only do business finance though, right? - or am I missing something?
/end hijack/

Taffy66

4,463 posts

67 months

Friday 3rd July 2020
quotequote all
xcentric said:
/thread hijack/
Lombard only do business finance though, right? - or am I missing something?
/end hijack/
Not quite 100% correct..Lombard will finance all assets including super yachts, private jets, high end cars etc for private use..However you need to be a registered business to access their finance even if the car will be used only for private use..All payments has to come out of business accounts..

tuscaneer

7,212 posts

190 months

Friday 3rd July 2020
quotequote all
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
i've bought 2 ferraris and a big 5 ltr rangey from redline... all 3 perfect cars.



Francois de La Rochefoucauld

331 posts

43 months

Friday 3rd July 2020
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Thanks, good to know about Redline, their cars do look pretty immaculate.

achaddy

33 posts

94 months

Friday 3rd July 2020
quotequote all
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
They have a few in stock. Which one are you looking at if you don't mind me asking?

Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.

Taffy66

4,463 posts

67 months

Friday 3rd July 2020
quotequote all
achaddy said:


Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.
Only if you're a Director of a Limited company..No BiK if you're a Self Employed business owner.

Francois de La Rochefoucauld

331 posts

43 months

Saturday 4th July 2020
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achaddy said:
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
They have a few in stock. Which one are you looking at if you don't mind me asking?

Second question. How does it work if you are financing through your comapny but the asset is for private use only. Don't you hit some benefit in kind tax, which for something this expensive would be some tax bill.
https://redlinespecialistcars.co.uk/used-cars/ferrari-488-3-9t-v8-gtb-f1-dct-s-s-2dr-2-202005199418018/

Seems to be pretty well specced and looked after. I enquired about it yesterday and they promised to send the spec sheet through asap, I'm still waiting...

Also I'm not financing this through a company, Lombard are sorting it through our private banking.

Taffy66

4,463 posts

67 months

Saturday 4th July 2020
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Francois de La Rochefoucauld said:
https://redlinespecialistcars.co.uk/used-cars/ferr...

Seems to be pretty well specced and looked after. I enquired about it yesterday and they promised to send the spec sheet through asap, I'm still waiting...

Also I'm not financing this through a company, Lombard are sorting it through our private banking.
After looking at their website noticed that Redline have the best choice and best value 488s in the whole of the UK..They only retail the best cars which means any one of these 488s will be a safe bet..Depending on how risk adverse you are its worth factoring in how much a Ferrari main dealer warranty would cost..
I particularly like the Grigio one however the Nero 16/16 one which is high spec has just been reduced to £149K looks great value unless you really want the Carbon seats

bad company

14,179 posts

231 months

Saturday 4th July 2020
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Superleg48 said:
Out of principle, I will never deal with a brand that requires me to earn ownership points in order to qualify to be allowed to go on a waiting list for a particular new car. My money is as good as yours or the next person’s. If I want an F8, why do I have to jump through so many hoops to be considered for one? It’s not even a special limited edition. Brand snobbery of the most outrageous form. Elitist and distasteful.
Fair enough but if you hold those views what are you doing here?

Jack-flash

171 posts

37 months

Tuesday 7th July 2020
quotequote all
Francois de La Rochefoucauld said:
Disappointingly the 488 I'm keen on looks as though it's not in top notch condition. Does anyone have any experience of Redline cars? They have a couple of 488's I like the look of.

On the finance front I've been offered 4.4%APR over 36 months from Lombard. 50% balloon.
Bought from redline before , I’d say there better than the main dealers , car prepped and after sales are better

Francois de La Rochefoucauld

331 posts

43 months

Tuesday 7th July 2020
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Thanks chaps, good to know about Redline! Drove a yellow one at Dick Lovett this morning, epic! Vetoed by my wife on grounds of taste...

Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:48


Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:49

f1_dragon

281 posts

189 months

Tuesday 7th July 2020
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Just to echo others, I bought my 458 from Redline, all fine and as described. When I thought I had an issue a couple of weeks into ownership they booked the car in to my local Ferrari dealer to get checked out, turned out to be a non-issue but the response was good.

achaddy

33 posts

94 months

Tuesday 7th July 2020
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Francois de La Rochefoucauld said:
Thanks chaps, good to know about Redline! Drove a yellow one at Dick Lovett this morning, epic! Vetoed by my wife on grounds of taste...

Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:48
Bet they were gutted you didn't buy it. They have had that one up for sale for ages. Really nice looking car and spec but guess the solid yellow isn't attractive at the price.
What was the format of the test drive. Did the salesman go out with you in the car?

Saweep

5,835 posts

151 months

Tuesday 7th July 2020
quotequote all
achaddy said:
Francois de La Rochefoucauld said:
Thanks chaps, good to know about Redline! Drove a yellow one at Dick Lovett this morning, epic! Vetoed by my wife on grounds of taste...

Edited by Francois de La Rochefoucauld on Tuesday 7th July 15:48
Bet they were gutted you didn't buy it. They have had that one up for sale for ages. Really nice looking car and spec but guess the solid yellow isn't attractive at the price.
What was the format of the test drive. Did the salesman go out with you in the car?
My friend had a test drive in a Lambo he bought last week.

The dealership had one staff member who had already had CV confirmed by a test to go out with him. He wasn't a sales person, just some random bloke who worked there. biggrin