Opinions needed on 488 terms | Page 2 | FerrariChat

Opinions needed on 488 terms

Discussion in 'Ferrari Discussion (not model specific)' started by Dansage, May 7, 2018.

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  1. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,092
    Menlo Park, CA
    Full Name:
    Paul Chua
    Dansage,

    First of all, congratulations on your success in selling your business for at least 10MM and at 20. Well done. As far as the terms, I wouldn't worry too much about it - if you're planning to keep the car for a couple few months - I think you're just splitting hairs at this point. Get it and enjoy it. I think the more significant concerns is Montana registration (there is potential insurance liability) and the percent depreciation hit depending on how much you drive it in those few months. Let us know what you do and how it goes.

    Btw, was it the watch business you mentioned you sold and how did your reckless driving ticket go?

    Cheers
     
    Natkingcolebasket69 likes this.
  2. Dansage

    Dansage Karting

    May 20, 2012
    230
    Well I ended up cutting a check for the full price today and am picking it up next week so odd form of trolling. Anyone near miller motorcars is welcome to be there when I do to confirm.

    Thanks! I ended up cutting a check for the full purchase price. Financing at 6% is a foolish choice considering FFS does not report to the bureau's to build my history. As for the Montana registration, it hasn't been an issue yet and I do make the entire thing legitimate by buying a storage space in a warehouse in Helena so I can legitimately claim a car will spend most of it's time in MT.

    As for the business and ticket, it was indeed a watch business. My first court date was moved to this Friday for the ticket, so fingers crossed! I've got a clean record so I don't imagine it'll end badly plus my lawyers agrees it was just trumped up by a pissed off cop.
     
    paulchua likes this.
  3. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,338
    East

    Did you order this car? I assume so.
     
  4. Dansage

    Dansage Karting

    May 20, 2012
    230
    I did not. It was intended as a dealer demo and I bought it before it could be used as such.
     
  5. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    8,338
    East
    I never heard of a Ferrari demo except for a Lusso. I didnt believe you could get a new untitled 488 without ordering. First time I have ever seen this.

    Congrats on the car.
     
  6. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,092
    Menlo Park, CA
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    Paul Chua
    Good luck, yeah once in a while you get a bad apple. Hope it goes well for you.
     
    daytona355 likes this.
  7. AshAP

    AshAP Karting

    Apr 14, 2018
    142
    Full Name:
    Ash
    The Stratstone dealer near me has an 812 demo, my buddy who has an 812 on order took it out the other day.


    Sent from my iPhone using FerrariChat.com mobile app
     
  8. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    7,743
    Tropical
    Just buy a Lusso for cash:rolleyes:
     
  9. Booker

    Booker Formula 3
    Lifetime Rossa Miami 2018

    Aug 1, 2016
    1,768
    Dallas, Tx
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    Jack Booker
    For the record, I believe Dansage.
    Keep on.
     
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  10. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

    Jul 1, 2013
    16,092
    Menlo Park, CA
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    Paul Chua
    We get a ton of trolls here Dansage, much more than any other forum I've frequent (like say a cooking forum) That explains the skepticism. I myself have been guilty a few times of calling out a legitimate query. 9 out of 10 times it is a troll, which doesn't help the situation and makes sincere posts a hard sell at times, especially from relatively new users.

    This being all said - buy yourself a whole fleet of cars my man, I look forward to your thoughts and discussions on various dynamics.

    Be well.
     
    daytona355 likes this.
  11. azlin75

    azlin75 Formula Junior

    Jul 16, 2017
    785
    Kansas
    Full Name:
    Shawn Hicks
    Glad you just cut the check, as I said earlier in my earlier post 6% is just too darn much for this kind of car I don’t care what your age is especially when you had the ability to do so. At least now when you move up to your new car you can sell this one and eat whatever depreciation is without the interest kicking you to boot. You never know you could get real lucky and off load the car pretty quick and not lose much if anything. Enjoy the car.
     
  12. Dansage

    Dansage Karting

    May 20, 2012
    230
    Completely understand the circumstantial skepticism. The tone it takes coming from a few people isn't the most inviting but I realize where it's coming from. I saw the other thread on financing and the mess it became so having mine follow so quickly after most likely didn't help my case...That being said I do genuinely appreciate the constructive comments. I suppose not all can be pleased.

    Indeed, I would've had an easier time stomaching the rate if it helped me build my credit history but it's completely pointless if it doesn't as lighting a fire place with cash would make a more worthwhile use of it...I figure putting 2-3k miles on it over the summer will mean I should get out relatively unscathed come time to get rid of it but I don't have a crystal ball so who knows.
     
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  13. daytona355

    daytona355 F1 World Champ
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    Mar 25, 2009
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    Sid Korshak
    Rather than having a pop at this guy, maybe some of us should be like me and wondering - what the **** was I doing wrong that meant I didn’t have a business to sell for £10mill when I was 20! Jeez man, well done, and one day, tell us how to do it please! Enjoy the 488, I don’t think you’ll lose much at all by the way
     
    sidtx and AshAP like this.
  14. Carnut

    Carnut F1 Rookie
    Rossa Subscribed

    Nov 3, 2003
    3,797
    Gladwyne PA
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    Morrie
    I don't care if he is real or not, I just find it odd you can get a new 488 built to spec as a demo since dealers don't get that many build slots (usually have more potential buyers than build slots). When I was your age kid I was homeless begging for food so Ferrari's were not something I thought about, would have probably traded it for a warm safe place to sleep. I have been given a slot for a 488, and if I was given 0% interest I'd finance (I can make 300k+ do a lot in a few years), but that deal I would not take I'd just pay cash.
     
  15. Andynyc

    Andynyc Formula Junior
    Silver Subscribed

    Apr 20, 2017
    264
    NYC!
    Congrats on your success at 20! I am 30 and dd a Ferrari when the weather is nice and I get a ton of comments on my age so I can only imagine the comments you get! Enjoy the 488 ! I’m in queens so pm me if you want to meet up for a drive some day.

    In my opinion good choice not to finance, the rate was too high .
     
    daytona355 likes this.
  16. anunakki

    anunakki Seven Time F1 World Champ
    Owner Rossa Subscribed

    Oct 8, 2005
    72,904
    Las Vegas Nevada
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    Jerry
    I believe the kid for the most part. One of my closest friends sold his company for just under $20m when he was 24. It happens.

    Enjoy your new car.
     
    daytona355 likes this.
  17. Dansage

    Dansage Karting

    May 20, 2012
    230
  18. daytona355

    daytona355 F1 World Champ
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    Love the car Dan, nice colour combo.... what shade of blue is that, looks barker than TdF, maybe Pozzi or NART? Gives the car a very classy look. Congrats!
     
  19. Dansage

    Dansage Karting

    May 20, 2012
    230
    It's Pozzi. I love TdF but once it gets dirty it just seems to hard to keep clean/good looking. The usual Rosso Corsa is just way to "in your face" for me.
     
    daytona355 likes this.
  20. GameMaker

    GameMaker Formula Junior
    Owner Rossa Subscribed

    Apr 17, 2014
    444
    WA State
    You can definitely pick up a 488 from a dealer new. I even test drove the one they had. Not for me, wanted the F12 instead.

    Obviously you passed on the deal, the rate is definitely high. I would have skipped that as well.

    I'm also a bit surprised at the rancor in this thread. I don't think people should be calling out others without some evidence. Take people at face value, take their questions at face value.
     
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  21. daytona355

    daytona355 F1 World Champ
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    That’s the truth, red and yellow for the UK Just gets way too much attention, not always good with the socialist dipsticks wandering around dragging their knuckles on the ground behind them. Had a 575 in TdF, beautiful, but definitely showed every mark and dust speck. Pozzi is a very classy option, especially on a V8 as mainly I’ve seen that on V12s.
     
  22. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,560
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    Mike
    Why would you be surprised? This is Ferraichat, where you burn people at the stake first and ask questions later.
     
  23. paulchua

    paulchua Cat Herder
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    Jul 1, 2013
    16,092
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    Paul Chua
    I think it's due to the disproportionate amount of trolls we get here. That said, agreed-we get folks from all sort of situations. You'll learn (like myself) if your here long enough to give people benefit of the doubt, until proven otherwise.

    Beautiful car dansage! Enjoy in good health!
     
  24. Natkingcolebasket69

    Natkingcolebasket69 F1 World Champ

    I am confused your profile says you are 28...
    Back to your ur thread i think the number add up and make sense.


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