Ferrari Mailing List: Re: ferrari's in Italy

[Erik Nielsen (judge4re]

I bought my Mulsanne S "on the cheap" for under $10k, just shelled out about that much again on a bare metal respray and recovering the front seats, the wood is not done yet as 5 pieces went back for cosmetic issues, but that bill was $2500 so far.  Probably will have $35k in it to get it to the level that I want, so $45k is not really out of line for a borderline #1/2 car.  Cars really below #3 become "beyond economical sense" and end up getting parted out.  Planning a trip to VA later this year to dig through a yard of 100 of them...

 

My 308 QV is $28/year, $30 if I skip going to the mall to renew it and handle the transaction through the mail.  I'll take the occasional tornado for no snow in the winter.

 

Erik

On Wed, Aug 15, 2012 at 7:08 AM, Michael James <cavallino_rapante [at] yahoo.com> wrote:

Finding a running Bentley or RR "on-the-cheap" is like finding a golden unicorn.  People selling those cars have a certain attitude that makes used Ferrari sellers look somewhat congenial, and rational by comparison.  What's an additional $20K overcharge to your typical status-chasing Blue-Blood?  A weekend of shopping at Barneys NY?  C'mon, folks - do they even read NADA before writing a check for such a car?  NADA is for the "little people", after all....  Don't get me wrong - If somebody 'gifted' me a clean rolling-chassis, I'd stuff a used Ford Cobra motor into it in a heartbeat.  Glass-packs and all.  But I like to daydream.

 

...and don't get me started about local Govts that charge 'Property Tax' for cars.  Granted, here in MA the Sales Tax for automobiles is capped at $300.  BUT - their sliding-percentage rates for Automotive Property Tax assessment has you paying MORE over your term of ownership than you would have with an up-front Sales Tax charge, yet the Tree Huggers in Beacon Hill wonder why nobody is rushing-out to purchase the latest $35K+ 'green cars'....maybe its because we can do the math.  Good thing my 308 QV is over 25 years old, and according to the state of MA is 'worthless' - my tax on that is only around $150 annually.

 

M

--- On Tue, 8/14/12, Robert W. Garven Jr. <rgarven [at] gmail.com> wrote:

From: Robert W. Garven Jr. <rgarven [at] gmail.com>

Subject: Re: [Ferrari] ferrari's in Italy

To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>

Date: Tuesday, August 14, 2012, 11:29 PM

Matt,

Can you explain that more. In CA we only pay a state reg fee which is 100$ for the Ferrari and 300 for insurance. The city charges nothing. I pay all my taxes and feel like it is an obligation to be a citizen

but it sounds like you are getting raped!

Rob

Robert W. Garven Jr.

rgarven [at] gmail.com

 "The Ferrari is a dream - people dream of owning this special vehicle and for most people it will remain a dream apart from for those lucky few." Enzo Ferrari

On Aug 14, 2012, at 11:42 AM, Matt Boyd wrote:

What Erik's referring to is my 1991 Turbo R that I doubt you could find at a dealer for over $20k.....and my city/locality is assessing its value at $43k and taxing me about $2.5k/year as a result. No recourse for me (I've tried and met with the commissioner of the revenue)....unless I take it to court. And based on VA state law, I'll lose. The only thing I could do is convince NADA.com that they are screwed in the head publishing that a 1991 Turbo R is worth $43k, since the state says if a "recognized published pricing guide" publishes a value, then that is what you assess the car at for tax purposes....

 

But I digress....

 

-matt

On Tue, Aug 14, 2012 at 1:54 PM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Isn't your county already sticking it to you for your Bentley?  You need to move further off the paved road, some of us are paying a lower percentage than Romey...

 

On Tue, Aug 14, 2012 at 12:04 PM, Matt Boyd <ferrari308driver [at] gmail.com> wrote:

I agree that we shouldn't feel sorry for tax cheats at all. I also don't like the equivalent of racial profiling that would cause someone driving a car to be stopped just because they might be wealthy. But maybe that's just me...

 

-Matt

'85 308

'39 RR P-III

'91 Turbo R

etc

PS-As an aside, if anyone is selling a good manual TDI Passat or Jetta at $15k or hopefully way south of that, let me know....

On Tue, Aug 14, 2012 at 12:41 PM, Michael James <cavallino_rapante [at] yahoo.com> wrote:

I'm supposed to feel sorry for tax cheats because they used their ill-gotten money to buy a Ferrari?

 

How about 'NO'...

 

M

--- On Tue, 8/14/12, Jo Pharris <yokutya99 [at] yahoo.com> wrote:

From: Jo Pharris <yokutya99 [at] yahoo.com>
Subject: [Ferrari] ferrari's in Italy
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Tuesday, August 14, 2012, 10:06 AM

Enjoy,

  Jerry

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