|
This is a
very low mileage 1997 Ferrari 355 GTS
that we purchased for ourselves from an insurance
facility in Atlanta Georgia. It had a
clean title and the price we paid was $18,180
which is approximately 1/3 of its Blue Book value.
We did not make any repairs to the car, we
simply cleaned it up and listed it in as is
condition on Ebay where it sold in 2 days for
$32,500. Our net profit was $13,122.
We are
frequently asked, "why doesn't the
insurance company just pay to have these
vehicles repaired for their customers?" They often do, but in
many instances an insurance company will pay the
vehicle owner a settlement and then simply
sell the car at one of the nationwide
insurance salvage facilities. Insurance
companies are in business to make money and they
often decided it's more cost effective to settle
the claim and just sell the vehicle in as is
condition rather than
repair it.
When
this 355 incurred its damage, the front bumpers
were 10 months on back order from Ferrari in
Italy, The insurance company paid the
Ferrari owner a cash settlement to avoid an
indefinite repair period and the costs of a
providing a rental car and storage fees paid to
the body shop that
would have accrued while the vehicle was sitting idle
waiting for parts to arrive. In addition there
could have been further undetected damages and
expenses not revealed until the repair work was
underway.
This is just one example
of the many salvage vehicles we have
purchased for ourselves over the past 30 years.
Register now to enjoy similar profitable opportunities
that we've
experienced since 1976. You'll have
immediate access to more than 15,000 insurance
salvage vehicles each week at insurance
facilities nationwide, usually there are several
in each state.
.
CLICK
HERE
to view entire inventory of repairable salvage
Ferrari cars for sale.
|
