Buy a Classic Ferrari
For the crown jewel of your vintage vehicle collection, you might consider adding a Ferrari, but knowing how to buy a classic Ferrari can seem insurmountable. Making the purchase can be within your reach, though, if you know what features you are looking for, how much you can spend and from how far away you are willing to purchase the vehicle.
Steps
- Begin with knowing background information on the Ferrari to help you make your purchase decision.
- Ferrari has both motor sport vehicles and road cars available for you to search for, so think about if you want a vehicle that you can drive on the road or one that you are just planning to display.
- The fist Ferrari vehicle was the 125 S, and the 1962 250 GTO was one of Ferrari's supercar models.
- Ferrari has a number of concept cars that you might be fortunate enough to find and purchase. Note that like all Ferraris you will most likely pay a premium price for any vehicle like this.
- Begin your Ferrari search locally by scouring your area dealership websites. While most car lots put their newest vehicles in their print advertising, generally you can find their entire stock on their website.
- Move to regional print publications by purchasing a copy at a gas station or convenience store. Use the magazine to find a Ferrari that, while not local, is hopefully within driving distance.
- Move your hunt for the perfect Ferrari to the web.
- Enlist the services of Motor Classic and Competition Corp at http://www.motorclassiccorp.com/ to help you find the right Ferrari. Using a group like this will take the headache out of your search by letting them do the leg work for you.
- Keep track of the Bonham's website to find out when they have Ferraris up for auction. You can plug the term "Ferrari" into their search engine to see when and where their next auctions take place.
- Use the British search tool http://www.carandclassic.co.uk/cat//20/ to locate the right Ferrari for you.
- Narrow down your Ferrari search to one vehicle or a handful, and then look up the valuation in the Kelley Blue Book. Use this pricing to help you formulate a starting offer.
- Contact the seller to begin negotiations. Because an owner's Ferrari is a highly-prized vehicle, though, you may consider the help of an expert vehicle negotiator if there is a language barrier or you feel that you will be over your head in discussing price and/or features.
- Discuss how the Ferrari will make its way to you. Determine if the seller is going to ship you the vehicle by truck or by boat, if the seller is going to deliver it to you, if you will have someone drive you to the location and you drive it home, or if you will fly in to drive or accompany the vehicle home.
- Finalize payment information and wrap up the transaction on your new Ferrari.
- Finished.
Tips
- Contact your insurance agent immediately upon consideration of your final vehicles. A car like this could jump up your rates tremendously so discuss the price with your agent as well as determine under whose policy the vehicle falls while it is in transit.
