Copart... damage 360/430's thread

Was this 430 anyone's here? I want it!

 

This whole thread makes me sad! But then it makes me happy because I can give each car a proper burial in my database (ensuring that no one can "resurrect" them on eBay a year from now saying they were "freshly detailed after sustaining a few scratches").

This one's interesting - when I saw it a few years ago, it as black. I wonder if the white is a wrap, or if it was painted, or if the black that I saw was a wrap and it's really been white the whole time.

But what's wrong with it? How does a car with "normal wear and tear" end up on a salvage site? That alone lends the car an undue stigma.

It was for sale on eBay through Sin City Motoring back in July, 2008, with 10,397 miles, for $169,000. After that, it went off my radar; not sure if anyone here bought - but if they did, and they were in it when that happened, I hope they're okay.

 

Sold for $59,500

 

Gut wrenching...

 

I bought the car. 67k+ with Copart fees and shipping.
It's the only way I could ever afford a one.
I'll try to restore it to my perfectionist standards, which shall take some time.
I'll share the progress from time to time if anyone cares.
Btw, does anyone know who's car it was? I would like to know the service history, etc.

 

I should buy one of these. I need another project.

GT

 

Sweet deal! I quoted the parts, at least as far as I can see, to be less than $5k on eBay.

 

This thread is somehow linked to the "Geico is dropping my 360 insurance coverage spontaneously" thread

http://ferrarichat.com/forum/showthread.php?t=363577

I will say that people paying $67K for a salvage titled 430 coupe with 26K miles seems to be;

1. A little crazy when a no story, clean title 430, solver/black with 18k miles is asking 109k on yahoo.autos.con today. Thus is a salvage titles, very damaged 430 worth the savings? 109-67=42k. 42k is a lot of money, but after fixing for 10-20k, the gap closes. @fill-up, really, "5k for the parts" is quite misleading. The paint job will be 5k and thats not a paint job I would want on my 430. I think its a 10-20k fix if there are no surprises and there is no water damage, the interior looks suspiciously water infiltrated.

But good luck fixing it @Star-Garage and enjoy in good health! Please create a thread with your progress, we eat this stuff up, make it a success story like the 360 CS. Take lots of pics and keep an XLS of the $.

2. Not that bad for the insurance co; I can see that the insurance companies are getting financial hits, but not as bad as it could be because at the copart auction they are losing <40k (assuming the owner was paid 109k, and many other assumptions that cloud my argument) on a totaled car. That could happen on any decent mid grade german car. Heck a 335i is 50k new with any decent options list, and in this condition they would probably lose 30k.

 

I said $5k for parts, NOT labor or paint, etc. I would guess another $10k in labor and paint.

Repair Both Qtrs, fender, bumper, headlight, rear drivers wheel looks a little off (maybe control arm), seat belt, drivers airbag, fender shield, and a few small other parts. Not a hard job to fix

 

Any thoughts on what this may go for? Thanks in advance.

 

True, you did state that and were clear. I was emphasizing the actual cost was misleading. If the final delta is <20k, which in this case it is, and you end up with a salvage title, so not apples/apples, and it is not a deal for everyone.

*Note that I would prefer the car fixed and driven than as a parts car. So more power to the buyer.
**Had the car been my color combo my wishes for its destiny might be different.

 

Don't know who owned it, but it was for sale in July, 2008, through Sin City Motoring of Las Vegas, with 10,397 miles, for $169,000. Maybe you can start there.

 

I think you got a decent deal. Glad to know someone here bought it! Keep us posted on the rebuild!

 

I bid on it Seems I always come up short $17k will fix the car without a doubt.
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Thanks! I'm very excited, I'll post on it!

 

Blue F430 brought 68K with clean title

 

Its back on Copart?

http://www.copart.com/c2/homeSearch.html?_eventId=getLot&execution=e1s1&lotId=15645552&returnPage=SEARCH_RESULTS

 

I have some good friends in the salvage business and I'm very familiar with it myself. That being said, your statment could not be more true....Spend the money up front and get a good one.

 

It was pulled from sale today

 

Here are some progress pics
The entire pass. side radiator and cage were ripped-off and gone when the car arrived.
Funny how COPART staged the damaged fender on the ground in front of the radiator area for the auction picture, so no one could see the extent of the damage! See original posting.
We lined-up the new cage, fender, bumper and headlight today.
My expert welder buddy came over and burned it all in for me.
He welds better than Guido and Luigi.. btw...
Fitted the new radiator and went for a blast around the block! WOW, what a rewarding day!
Thank God for ebay and the usual parts guys in Cali.
Going to paint shop on Monday!
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Mike, It looks Fantastic.
Are you on budget?? How many work hours so far. Any other surprises from the original inspection ??
Congrats again on a great project!!!

 

Thanks for the encouraging words. Tough crowd round-here, lol..
I just about spent all my money so far. I planned on just getting the car and putting it together over time and as I saved additional money. I have'nt been able to leave it alone though. I'm running up the credit card on parts! I probably had no business buying it in the first place, but I have a serious car addiction! I need therapy I'm sure.
There were additional surprises. The windshield was smashed $2000, the radiator cage completely missing $1250, all trunk carpet liners missing (don't care right now), R/F wheel cracked beyond repair $500 and both seat belt ETR's deployed $800. All of which is very hard to see in the Copart pictures and that's what you get when you buy a car over the net without inspecting in person. But I went though this before with a 360 so I knew to expect the unexpected. I don't recommend this sort of thing for just anyone, unless they are able to do most of the labor themselves and have located most of the used parts before-hand. I am in the euro auto repair biz so I had/have both aspects covered. I figure I have spent about 12 hrs. on the car so far. I will only have to pay the paint shop some labor, because I'm no painter.
Working on cars is both my career and my hobby. That's why I enjoy this kind of project. It is very rewarding to me. It is not for trying to make a profit or save $ on buying a Ferrari.
As I said before, this was probably the only chance I would ever have to own an F430 due to my finanial status, so I took the chance.
Cars are my life and I have been a life-long Ferrari fan. The car is well deserved, will be well cared for and extremely well appriciated for a middle classer. Also proud to help another Ferrari stay in population, rather than go to the graveyard!
-Mike

 

Mike, please make a new thread for us to follow on progress. I would love to subscribe to it. I, like you love doing the same thing. So this is more fuel to the fire to do the same haha