If the car is clean and no track history or over revs, the market (even down from its recent peak) would indicate a higher value than 7k over msrp, esp if it's fully optioned. How much more? Won't really know until it's put out there..

 

I'd say he's leaving some money on the frunk.

 

No he is not, because he is going to get a massive sales tax credit against his Ferrari unless that is not applicable. On a 185K car that is almost $14000 - 20,000 credit in most states. That is why I like to trade in - I don't have to field annoying / nit picky buyer questions and its a much more seamless and headache free transaction. Net net I get more or less the same or very close value to a private party sale and dont lose my sanity. So if the trade in provides sales tax credit I would say your original instinct is solid!

 

I'm an idiot and didn't pay attention to the tranny - the cars with which I was comparing were PDK. Car is a cream puff - no track, no overrevs, and mint condition. So more like $195-200?? Sales tax is a factor - 6% for him.

 

A couple thoughts on this. For example in WA your friend can add back into the deal $18.5k, which would be the estimated tax savings on the Ferrari purchase assuming that car was at least 185k or more. This puts the value of the trade at $203.5k with the tax credit. Maybe not near the max bid on BAT, but he certainly must factor in the tax implications depending on the state. The other point I would make is where is the dealer at on the Ferrari? If that’s over priced based on market demand then maybe not a good deal. One way for him to gauge the offer is to work with other dealers. Takes some effort and time but should provide a balanced view of how this deal compares.

 

BAT and PCM does not really signify the market. If you went to a dealer with those comparables they would laugh at you. if you looked at real data points in terms of what they were trading for in November, December and January of 2021 my numbers would make more sense. Prices went crazy in March but until then prices were pretty normal.

 

Tax credits aside, the car could be sold for more. And when I sell a car, I'm available to answer any question, no matter how minute. Because that's how you actually sell something. I put myself in the buyers shoes because that's what they deserve. You don't gain trust by being short or blowing people off, not responding timely, putting precursors in ads like don't waste my time, lowballers won't be responded to etc. Nobody wants to do business with a d*ck.

 

It doesn't really matter what was happening in Q4 '20 or Q1 '21... does it? If you're playing in the market today, you're going to be bound by today's conditions. I'd also argue that BaT and other auction sites are absolutely indicative of the market, way more than what is exchanged via dealers. They are 'efficient' exchanges where the end price is completely transparent and there are more than enough samples to tell the story.

 

This guy is a trigger puller, not a shopper. He is trading his GT3, Corvette and an S class because he wants to trim his stable - he has no time or interest in selling individually and just wants to trade them all on the Ferrari. The GT3 is the only car of the three where prices vary so much because of color and mileage - so I wanted to get some expert opinions from RL. Thanks for the replies.

 

please read my earlier response before responding. I told the seller that a few months ago he would have been happy to lose money on that car so he should take the $10K profit and walk away. Again? Puuuhleez read the context before replying! Lol JK man… it’s all good!

 

Thank you! Sad to see it go.

 

Thanks so much! Would have loved to sell it to you, another Rennlist Enthusiast! Great to meet you in the process

 

I understand. Thought I had to say something before things escalate too far which from the posts before seemed inevitable.

 

Can anyone else agree to what I’m seeing? Lot of GT3 6SPD sales in August on PcarMarket and BAT selling in the 190-212 range. Dealers are holding out for paydays in the 210-235 range. My guess is dealers bought at high wholesale rates in May-July and are fearful of going under water.

 

Finally had time to go to the Porsche dealer today.

DME report for anyone that kept asking. Car is also in the classifieds. Thanks again guys.