Remember the stolen F50 from Algar?

Sketchy stuff — why not just divulge everything? This car has a history that is easily researchable, especially if you are planning on spending over a million dollars. It just makes the dealership seem shady and untrustworthy.

 

I am sick and tired of you guys bashing cars with harmful comments. First of all, We don't allow any negative comments on Intragram. This F50 currently has been Certified through Ferrari North America and has a Classiche Pending through an authorized Ferrari Dealership. The asking price is $1.2M not $1.7M like the last one Sold. Unless you guys are in any position to write that kind of a check, Inwoild suggest you guys ease off a bit. Calling people losers on this forum is a concern of its own and would be addressed by the moderators shortly.

 

What's Intragram?

 

Just an FYI, I bought this car 10 months ago and put 500 miles with no worries and had it inspected by a Ferrari Dealer prior to purchase. Paid considerably less than a no stories one.

 

and now it's for sale again?

This is your car, your listing?

D

 

I'm assuming he's the dealer listing the car now.

 

I would think with the amount of work done to get the car back in shape, plus the salvage title, you'd get a 20% discount off the retail on a no stories car.

I saw this car, at Algar, a day or two before it was stolen. It was an absolutely gorgeous example. Low miles as I recall, and it was very well maintained. It was just a great car.

I was told the folks at Algar were offered the car back after it was wrecked. They did an inspection and passed on it.

This is one of those instances where a salvage title probably is a little misleading. I doubt the damage "totaled" the car. But it was stolen and recovered, and had some pretty serious damage done to it. Once the original owner passed on taking it back, I'd guess the insurance company probably had no choice but to re-title it.


D

 

Yup. This will certainly help you sell the car. Grab a bucket of attitude and pour it on out.

You're on a forum with multiple buyers capable of ponying up this kind of money. Many who HAVE paid this or more. We have a member who paid $13MM for a car. There are others who have a half dozen cars that are as or more valuable than this one.

Why not try this?

"Hey guys, if you're interested, give us a call and we'll discuss the car. It's a beauty, and because of its interesting history, available at a significant discount over other F50's.

Yes, it is the car stolen from Algar, but it has been expertly repaired, we have all the info on that as well, and we are working to get its Ferrari Classiche Certificate."

The old adage, you catch more flies with honey than vinegar certainly applies when wooing buyers for cars worth north of $1MM.

(And yes, I know that **** attracts even more flies, but not the kind of flies you want.)

D

 

Moderator has addressed the issue and concluded that:
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I hate to intervene in these petty discussions about who said what and who paid what and what is or isn't the case, but I'm going to set the record straight right now - anybody who has questions can reach out to me personally:

This F50 103494 was MY CAR which I sold to my good personal friends at Topgear imports after I bought it from Symbolic in 2013. I am THE SAME guy ******* asshat ******bag whatever the **** else I have been called who wrecked 104799 in the same year - which is a different story entirely. I am an F50 aficionado and apart from Dan Herd and Jim Spiro I have driven MORE MILES in F50s than ANYONE I KNOW talking on this forum.

103494 is A STRAIGHT NO ISSUES CAR. It was a THEFT RECOVERY car NOT reconstruction rebuildable case. I bought the car from symbolic ONLY AFTER Ferrari NA PERSONALLY vetted the car for me and agreed to submit it for classiche certification. I know these cars inside and out. 103494 is a cleaner faster straighter car than 104799 which was an ALL ORIGINAL unmolested F50 cared for by two of the best enthusiasts in our little world. Any nonsense talk about it being a ****ed up car with issues should stop right here and right now.
Period.

Second, I would politely request that the muppets in here stop talking smack about dealers with whom they have had no personal experience - especially Topgear. If ANYONE on here has bought a car from them and had anything but a 100% top class experience I defy you to tell me - I have bought and sold millions of $ of cars through them and in a marketplace filled with hucksters and frauds and cheats I have had nothing but a great partnership with these guys.

So
Bottom line
Truth is in disclosure. Speculate and rumor and bull**** all you want but if you want the straight dope on this car talk to me and cut the middle school locker room crap.

Thanks.
Always a pleasure sharing this passion with all of you.

All the best in your endeavors.
GG

 

mechanically maybe, but trust me, this car has issues. I'm sure 30 years from now nobody is going to care about the history as much. But you can easily quantify the cost of those "issues" right now by the price correction versus other cars without issues.

 

oh, here is a photo i took in the car before it got crashed! One of the best days of my life!
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AirCooledPorsche and autophile84 describe the car as a very good no issues car with Ferrari Red book in the waiting. I see no reason to doubt that as none of us actually inspected this car and the quality of the repair work. I would like to wait and see if the Classique will be issued. When exactly was it submitted to Ferrari? Ferrari financial is willing to finance a salvaged titled car? All that is quite important if true and will raise the desirability and value of the car. From my previous dealings lenders will not touch a rebuilt titled car...

 

Isn't it tough if not impossible to register a car with a salvage title in some states?

 

The Ferrari warranty certification (if that is being done) is the key. If it gets that, then it is half the battle on the quality of the repairs.

A Classiche certification does not speak to the road worthiness of the car, only its originality and unmodified state without taking it apart. For a F50 Classiche all you need to do is to take the wheels and undertray off. For example, it will tell you that the fuel bladder is a Ferrari part but not that it is past its recommended life. Anything not visible (behind body panels) is not part of the report.

 

The car can be registered with no problems once a licensed rebuilder has repaired and than passed a state inspection. The car at the end has a "rebuild" title.

 

All true the Classiche will not tell you much other than the originality of the car. There is no X-ray vision to know what the tub looks like after a collision. I would think that the shop or the owner repairing the damaged F50 had the forth sight to document what was found after the car was apart and take some pics.

 

Thanks.

 

Did you and air cooled go to the same charm school?

Your post is certainly going to go a long way towards getting the car sold here.

Don't any of you guys get it?

And no, I did not see the car after it was repaired, all I have to go by is what the previous owner, who is a long time friend of mine, told me after the car was recovered, then abused by the feds, then examined by his people.

I don't know if it was expertly repaired. I don't know if they swapped out the fuel bladder while they were repairing it, I just know he didn't want the car back when it was offered to him.

Why can't you guys approach this from an informational angle, instead of raising your hackles and attacking? Telling the good folks here that they're ignorant of the facts isn't gonna help your case.

I wish you guys all the success in the world in selling your car, but I don't see your posts as contributing to that success.

D

 

This seller has the same attitude as the guy flogging the 348 with a salvage title.
I don't get it. The car is what it is no matter how offended the sellers get.

 

2 posts (on the same topic) in almost three years isn't sharing much of anything.