1961 Ferrari 250-GT SWB | FerrariChat
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1961 Ferrari 250-GT SWB

Discussion in 'Vintage (thru 365 GTC4)' started by Bart, May 13, 2006.

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  1. Bart

    Bart Formula 3

    Nov 1, 2003
    1,522
    Orange County, Calif
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    Bart
    #1 Bart, May 13, 2006
    According to today’s local newspaper, a man walked into the Costa Mesa DMV to register his 1961 Ferrari 250-GT SWB. He told them the value was $26,500 and paid ten percent as the fee.

    After the man left, a supervisor had some questions. Was this a kit car being registered as a real Ferrari? If this was a real Ferrari, was the value only $26,500?

    After an investigation, the man has been arrested for three felonies: perjury, grand theft, and false evidence of documents. It turns out he paid ₤600,000 in London for the car.

    12 cylinders or walk
     
  2. jungathart

    jungathart Guest

    Jun 11, 2004
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    NoVA, AmeriKa
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    Komrade Jung
    #2 jungathart, May 13, 2006
    I don't understand: if he paid for the car, how is it grand theft?
     
  3. J.P.Sarti

    J.P.Sarti Guest

    May 23, 2005
    2,426
    #3 J.P.Sarti, May 13, 2006
    Thats Kalifornia for ya

    Don't mess with a State thats broke and cheat on any taxes is a lesson learned as well.
    That probably was the highlight of the DMV guys career he'll be talking about that for 20 years, he can now retire as it gets no better.
     
  4. andrewg

    andrewg F1 Rookie
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    Sep 10, 2002
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    Chester, England
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    AndrewG
    #4 andrewg, May 13, 2006
    Must be very tempting to change the value of your car if its taxed at 10%, is that 10% yearly?
     
  5. Vang

    Vang Formula Junior

    May 5, 2004
    713
    Philadelphia
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    Dan
    #5 Vang, May 13, 2006
    Wait, 10% for registration? What the hell? It's a flat $36.00 here.
     
  6. Perfusion

    Perfusion F1 Rookie

    Oct 16, 2004
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    Marietta, GA
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    Aaron
    #6 Perfusion, May 13, 2006
    In California, you pay "sales tax" on a car purchase - new or used - either at the dealer where you purchase the car, or if sold via private party, at the DMV. The tax is based on the sales tax rate of your county of residence. I live in Santa Clara County where sales tax is 8.25%, so I paid 8.25% of my purchase price at the DMV when I registered my car. They didn't ask for any documentation of the sales price, but I had it if needed.

    Fudging a couple thousand dollars off of a car's price, while still not legal, is one thing. Trying to cut its value by over a factor of ten, however, is a completely different ballgame in my opinion, and the guy got what he deserved.
     
  7. David_S

    David_S F1 World Champ
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    Nov 1, 2003
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    David S.
    #7 David_S, May 13, 2006
    I dunno - he should have showed them the original window sticker with MSRP and asked for a refund :)
     
  8. Auraraptor

    Auraraptor F1 World Champ
    Lifetime Rossa Owner

    Sep 25, 2002
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    #8 Auraraptor, May 18, 2006
    We pay sales tax in PA too. I think its 6 or 7 percent, and 5 percent in MD.
     
  9. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    24,729
    #9 Marcel Massini, May 18, 2006
    Re-re-re-post.
    It's 2765 GT, then owned by Joel Laub of Las Vegas/NV who got it from Hall & Bradfield in London for US$ 1.1 M.
    Recently shopped around the world by all sorts of dealers. Check out archives.
    Marcel Massini
     

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