Canadian Car. Corso Rosso with tan interior, Seats are black. Challenge rear grill installed 6spd Manual. Body has 62,500km on it, bearing was spun at 59000ish and entire engine replaced from a yellow modena by Forza in Toronto (have receipt) Engine had 3200km on it, now has approx 5500km. Belts etc on engine all in great condition. Clutch was replaced at time of engine swap with a carbon fiber racing clutch and after 1 summer of driving (2300km mostly to/from Toronto) now one of the pressure plates have failed so the clutch needs to be replaced with a stock clutch, with new pressure plates.
I'll be honest, it's not looking good. I would be a buyer in the low 60's high 50's. You may be able to get someone to do 70's but it would be tough.
Wow that really isn't good. is it because of the engine story or the clutch? I can get the clutch and pressure plate fixed myself if it's going to gain me over 10k.
Resale red with a rather rare 6 spd, I don't think you'll do that badly. Agreed though that the story will cost you if you don't mitigate. Fix the clutch. Get a full PPI. Advertise it as such and I don't see why you wouldn't get $70k+. It's all conjecture really, but under $100k, you're talking a whole different buyer market. My guess is at that demographic, you're not going to get the complete shock that the car has a story, as long as the story has a happy ending.
Where you would suggest that I advertise it to find my right demographic? Any pointers would be helpful.
I don't think you change the way you advertise based on the fact that you're in a different market than new. But if going FSBO, my dealer says that they get better response from cars.com in some areas, and autotrader.com in others. Fact is that selling yourself is always difficult. If you can swallow the 10% commission, I'd put it up for consignment with a dealer. They're start at a higher price and will do far better than you at haggling, so you're not going to eat a full 10%, or at least I doubt it.
Considering everything you've written, I'd expect you'd get $65k-$70k. I'd list for $74999 and go from there... good luck!
Guys, the first thing he says is that it is a Canadian car. The market there is MUCH different than the market here. Your estimates for sale in the US don't mean jack in Canada.
I'm definitely selling it in Canada, I'm here in Canada. Importing a US car (I checked and some similar except colour with 30k miles are around 68-72k usd) is very expensive, so I may be able to get 80k+... I posted it on autocatch for 94k and we'll see if anyone offers ~80ish... fingers crossed! It went to auction last week in Ottawa but people here are cheap and it didn't get anything worthwhile, Montreal next week.
I tend to agree that it'll be on the low side. It'll be treated as a 62K car even though the engine only has 5K on it. Plus it's 2001 etc. etc. and it needs a new clutch. I wouldn't pay too much for it as there are plenty of 360s to choose from both in Canada and the US, and none of them have 62K on the clock. Just my 2c worth, but I don't think it looks great for you.
I got a quote on the clutch replacement with a new stock assembly for $3700 so I'm going to do that since I doubt anyone will buy it as is.
Consider yourself lucky... when I had my '00 done it needed a few updates so the clutch kit would fit per factory spec (or some other BS). My cost was approaching $8k as I recall.
To spend this amount on a car like this is a given. Fix it properly and sell it properly. good luck with the sale!
I was saying it's cheaper than I thought. I am getting it repaired properly, already have a few bites from a message sent out to the Ottawa Ferrari Club. Thanks all!
