Selling your Ferrari privately? Was it worth it?
Discussion
I'm planning on selling my 430 spider at some point in the near future, but I'm not sure if it's worth the hassle of selling it privately?
I tried to sell my 911 privately and it was a huge pain in the a$$. I had lots of calls but most of them offered me stupid amounts £10k less than I was asking despite the fact it was well priced.
I was just wondering if anyone had sold their Ferrari recently? If so how was it?
Thanks.
Hi.. sold my spider a few months ago and priced to make a quick sale! but still the stupid offers still came in with part/x too.. but luckily that was all over the phone... Sold the car to the second guy that viewed it and not far off asking price... but I guess with these cars it's luck of the draw finding the right buyer at the right time... selling early summer obviously would be your best bet otherwise prepare for a further reduction in price later in the year.. and don't forget the golden rule! no test pilots...
Selling cars a royal pain in the arse. But Ferraris are on another level. Even if one was to price the car to sell quickly, there can be problems. Especially on forums, i have seen people throw accusations about cars advertised on PH, only to have it completely wrong, and the owner has to come on to defend his pride and joy.
Then you have the tire kickers and wasters who make you silly offers ect
Me, i always write of any values in my cars and bikes. I would rather put a match to what ever i was selling as opposed to have my pants pulled down by some tawt.
Then you have the tire kickers and wasters who make you silly offers ect
Me, i always write of any values in my cars and bikes. I would rather put a match to what ever i was selling as opposed to have my pants pulled down by some tawt.
Don't think I will ever part with my Ferrari, but if I had to sell it, I would only do it privately.
I don't have any 'sales' experience, but am extremely enthusiastic about my vehicle and it is maintained meticulously - hence I imagine I would rather enjoy the whole experience.
Yes, there will be calls and messages and emails to respond to, viewing and test drives to arrange, inspections etc etc, but then you already knew that.
I don't have any 'sales' experience, but am extremely enthusiastic about my vehicle and it is maintained meticulously - hence I imagine I would rather enjoy the whole experience.
Yes, there will be calls and messages and emails to respond to, viewing and test drives to arrange, inspections etc etc, but then you already knew that.
DrYazz said:
Don't think I will ever part with my Ferrari, but if I had to sell it, I would only do it privately.
I don't have any 'sales' experience, but am extremely enthusiastic about my vehicle and it is maintained meticulously - hence I imagine I would rather enjoy the whole experience.
Yes, there will be calls and messages and emails to respond to, viewing and test drives to arrange, inspections etc etc, but then you already knew that.
In a perfect world you are correct but in reality a good percentage of the tasks will be requested by Weapons Grade Idiots who have neither the money or the intention to buy your car.I don't have any 'sales' experience, but am extremely enthusiastic about my vehicle and it is maintained meticulously - hence I imagine I would rather enjoy the whole experience.
Yes, there will be calls and messages and emails to respond to, viewing and test drives to arrange, inspections etc etc, but then you already knew that.
I think selling privately is hit an miss. You can get some right cocks calling but generally I've found it relatively straight forward to weedle out the wasters from the genuine buyers over the phone. Using phone safe gets rid of agencies/canvasers in my experience, and when a genuine caller rings, being an enthusiast yourself, you'll know the sort of questions they should be asking - you probably asked them yourself when buying your car.
I've always tried to be honest and open and expect the same in return. You dont always get it, but you can do so dont be completely pessimistic, just go in with your eyes open.
Its worth remembering, if it was easy and risk free, dealers wouldnt have a job. The risks can pay off with you getting more for car than you would trading in, but there are risks and headaches too.
I've always tried to be honest and open and expect the same in return. You dont always get it, but you can do so dont be completely pessimistic, just go in with your eyes open.
Its worth remembering, if it was easy and risk free, dealers wouldnt have a job. The risks can pay off with you getting more for car than you would trading in, but there are risks and headaches too.
I have had my 348 on the market since October but have only really been serious about selling in the last month or so.
I have been f
ked about no end to be honnest and I may just take it off sale soon and run it until next summer.
People want to pay nothing for concours cars. Never had a problem selling cars from home before but this one seems to be a pain in the arse.
It wouldn't bother me too much if it were a car that I didn't love but as I say I'm being fked about by people and I don't really care if it goes or not.
When I want something I buy it - Dead simple.
I have been f
ked about no end to be honnest and I may just take it off sale soon and run it until next summer.People want to pay nothing for concours cars. Never had a problem selling cars from home before but this one seems to be a pain in the arse.
It wouldn't bother me too much if it were a car that I didn't love but as I say I'm being f
ked about by people and I don't really care if it goes or not.When I want something I buy it - Dead simple.
All depends on the buyer:
1) I sold my old 997 'S' to another forum member a couple of years ago and we've actually become close friends as a result. It was a quick and painless sale. I had quite a bit of interest and had one guy come test drive the car but he offered me 1500.00 less than the asking price and i refused to budge since it was a mint car. He was upset i wouldn't budge but the car was worth the asking price and it sold to my mate a few days later.
2) I just bought a 360 Spyder. Car came up on PH on a Saturday night at 9pm. I sent an email at 10pm. Viewed the car at 10am the next morning and gave the seller a 500.00 refundable deposit pending an inspection. 10 days later the car was on my drive.
1) I sold my old 997 'S' to another forum member a couple of years ago and we've actually become close friends as a result. It was a quick and painless sale. I had quite a bit of interest and had one guy come test drive the car but he offered me 1500.00 less than the asking price and i refused to budge since it was a mint car. He was upset i wouldn't budge but the car was worth the asking price and it sold to my mate a few days later.
2) I just bought a 360 Spyder. Car came up on PH on a Saturday night at 9pm. I sent an email at 10pm. Viewed the car at 10am the next morning and gave the seller a 500.00 refundable deposit pending an inspection. 10 days later the car was on my drive.
Edited by labrit on Saturday 26th June 10:08
sold both my ferraris privately very easily. trade mark ups are over 10k on 430s from my experience. Additionally my 430 spider was silver which put it out of some of the dealers "we only buy red and maybe grey" comfort zone. In both cases on the ferraris the buyer didnt ask for a test drive. with both maseratis i sold, the buyers did and i was very uncomfortable having them drive the car, in both cases too fast.
as a previous poster said, you can quite often tell if someone is serious from the questions they ask.
as a previous poster said, you can quite often tell if someone is serious from the questions they ask.
From a buyers perspective, when looking for mine I was open to private or trade.
But I did expect a private one to be priced 5-10% lower then the dealer equivalent. This is where a lot of private sellers fall down I think, pricing their cars the same or very similar to traders, pointless exercise as you are unable to offer any sort of warranty or peace of mind.
In my case I came across a private ad, priced correctly and in the spec I wanted.
Email, phone call, provisional deal done pending me coming to have a look, bought and on my drive within 5 days. I think a lot depends on the seller, not just the buyer.
But I did expect a private one to be priced 5-10% lower then the dealer equivalent. This is where a lot of private sellers fall down I think, pricing their cars the same or very similar to traders, pointless exercise as you are unable to offer any sort of warranty or peace of mind.
In my case I came across a private ad, priced correctly and in the spec I wanted.
Email, phone call, provisional deal done pending me coming to have a look, bought and on my drive within 5 days. I think a lot depends on the seller, not just the buyer.
Sold my gallardo privately, and brought the murci privately.
Sold the Gallardo within 6 hours (to a private buyer) and got 7 calls on day 1 - me thinks i priced it too cheap!
In general, i think dealer will try to take 7-12% and many of them are just middlemen who are selling on behalf of someone else (sale-return), so, if i can get the same car for 8-12K less knowing the clutch may be worn and there are a few minor things to fix then i think thats a good buy.
I brought the Gallardo from a dealer and it needed 6K's worth of work on it within the first month (air con, clutch) - so dont assume those cars are risk free, just expect people to ask to PPI it before they buy it - also, warranties have more holes in them than the budget...
Sold the Gallardo within 6 hours (to a private buyer) and got 7 calls on day 1 - me thinks i priced it too cheap!
In general, i think dealer will try to take 7-12% and many of them are just middlemen who are selling on behalf of someone else (sale-return), so, if i can get the same car for 8-12K less knowing the clutch may be worn and there are a few minor things to fix then i think thats a good buy.
I brought the Gallardo from a dealer and it needed 6K's worth of work on it within the first month (air con, clutch) - so dont assume those cars are risk free, just expect people to ask to PPI it before they buy it - also, warranties have more holes in them than the budget...
I bought mine privately a year ago, without an inspection. It's just had a major service and the only issue was roll-bar bushes. There are serious buyers out there and if you've got a properly sorted car then you'll sell it privately. Most of the dealer's cars I saw were stinkers. I'd personally much rather deal with the owner first hand. Anyone got a manual 430......! Best of luck with your sale.
I think most people turn to dealers when they have been pestered by silly offers, had an unpleasant character arrive when undertaking a viewing, and get the I have a chipped toyota worth £30k experience. We changed to an appointment only service so that we could filter the enquires and focus on serious people needing advice and guidance on their requirement. Private sellers should try to find the balance between customer service and trying not to please everybody just to satisfy a potential whim.
Oh! and by the way take your plate off well in advance of selling the car so you have your V5 back!
T.
Oh! and by the way take your plate off well in advance of selling the car so you have your V5 back!
T.
I guess it would be *worth* selling privately if the trade offers for the car were massively lower than you feel you can get by sticking with your own classifieds and dealing with time wasters... I would see how close trade could get, if it was close enough then you remove a lot of time wasting, risk, worry etc...
Gassing Station | Supercar General | Top of Page | What's New | My Stuff