Does Ferraris-online LLC sell vehicles?
A: Yes. We do have vehicles we own or co-own for sale but not to retail buyers in the State of California. Frankly, it is more effort and liability than it is worth to sell retail in the State of California.
What is a brokerage?
A: The business of a broker; charges a fee to arrange a contract between two parties.
What are our fees?
A: Our standard commission is 7% of the first $100,000 and 5% of the remaining value of a sale.
Who pays the broker fees?
They are included in the final sale price of the vehicle and are typically paid directly to Ferraris-online.com by the buyer with the remaining balance paid directly to the seller.
What is a consignment agreement?
A: A legally binding contract that gives the broker exclusive marketing rights for the car for a set time period. It includes a set price range for the value of the car as well as our standard commission rate.
What is a pre-sale or pre-purchase inspection?
A: An inspection made by a certified mechanic as a contingency of the sale. This is standard procedure and simply assesses the condition of the car.
How do we market a car?
A: Our newsletter is over 6,000 subscribers strong and our web site has a visitor count that averages over 2,000 visitors per day, insuring that the right buyer finds the right car. After a car is taken into consignment, we send out a newsletter to our subscriber base to inform them of the new car about to be added to our site. 24 hours later, it is posted to our website along with pictures, history, and an asking price. Sometimes when a car is taken into consignment we already have a buyer in mind, and the car is sold without advertisement. We also run print advertisements for certain vehicles in various trade and consumer publications when warranted.