[MC20]

Correct me if I’m wrong, but my understanding is that the “contract” you all are referencing is for 2023 builds, not 2022 builds. I believe that’s a new requirement for the ‘23 cars, and is not unusual for Ferrari or even the Ford GT, so it seems it’s kind of par-for-the-course at the level that the MC20 is at (or aspires to, if you will).

 

[BlackMasi]

Please correct me if I'm wrong, but a car producer like Ferrari or Maserati only reserves the right to adjust the list prices between order and delivery. To simply want to sell a car above list price (MSRP +x) because the market is just good, seems to me to be legally unenforceable.

 

[skatesusa.com]

I dont think it is enforceable. I have heard that Ferrari will ban people from buying certain car's for not following their rules. I don't think Maserati is in the same position to try and do that.

 

[MC20]

Manufacturer sets “manufacturer’s suggested retail price.” The operative word, as it relates to Maserati (and several other brands) is “suggested.” The dealer can charge as much or little as they’d like. They can’t enter into a contract with you then change the price, but they can tell you upfront that it’s $50 over. Now there may be some internal feathers that might be ruffled at corporate if dealers are constantly gouging, but in general, I think the supply/demand curve takes care of that over time. It’s just that the MC20 is a hot new product, and some dealer markets can command a premium, especially if one doesn’t want to wait a year or more for a car. If I hadn’t ordered one and wanted one now, I’d have no problem paying 25 ADM to skip the one-year wait (assuming you can get a ‘23 slot); more than that would give me pause probably.

 

[Hammer2810]

Received an email from my GM yesterday with an updated delivery schedule of “September”.

 

[MC20]

That’s a short eight weeks away! What color did you order, and did the GM give you a numerical status; for example an 85 is built and off to the first inspection?

 

[Robert C]

So today I received a email from my dealer, attached is a contract stating that if I decided to sell the car they have first right to sell it at there dealer. Apparently some customers got there cars and turned them at auction the same week of sale, My dealer said Maserati headquarters was very unhappy, so now we have to sign this contract. I told them that I am ok with this as long as you guys charge Fair consignment percentage, I ordered my 2022 over a year ago, now they are say it will be 3rd quarter if I am lucky and It will be a 2023.

 

[skatesusa.com]

So today I received a email from my dealer, attached is a contract stating that if I decided to sell the car they have first right to sell it at there dealer. Apparently some customers got there cars and turned them at auction the same week of sale, My dealer said Maserati headquarters was very unhappy, so now we have to sign this contract. I told them that I am ok with this as long as you guys charge Fair consignment percentage, I ordered my 2022 over a year ago, now they are say it will be 3rd quarter if I am lucky and It will be a 2023.

My dealer has not advised me of anything like that as of yet. but in a conversation with my sales person a few of the people that have received their cars took delivery put a few hundred miles on the cars and traded them back in for more then they paid for the cars.

 

[MC20]

Masersti corporate being unhappy with customers turning their cars is consistent with what I’ve heard as well. Having recently taken delivery of my car, I’m not quite sure why a true car enthusiast would flip it so soon, as it’s an amazing vehicle; simply an everyday super car. Certainly if one is a big Ferrari or Lamborghini enthusiast and has a few of those cars, then buying an MC20 was just a simple arbitrage play…understandable. Other than that, it’s hard to see why someone sells it for a $50k gain after having it for a few weeks (I get the ROI as a percentage of purchase price, but what does one buy in place of that, that’s in a similar price range, and hasn’t been on the market for many years)? The $230 to $250 range is a bit unique, if you’re buying new.

 

[BluMC20]

Masersti corporate being unhappy with customers turning their cars is consistent with what I’ve heard as well. Having recently taken delivery of my car, I’m not quite sure why a true car enthusiast would flip it so soon, as it’s an amazing vehicle; simply an everyday super car. Certainly if one is a big Ferrari or Lamborghini enthusiast and has a few of those cars, then buying an MC20 was just a simple arbitrage play…understandable. Other than that, it’s hard to see why someone sells it for a $50k gain after having it for a few weeks (I get the ROI as a percentage of purchase price, but what does one buy in place of that, that’s in a similar price range, and hasn’t been on the market for many years)? The $230 to $250 range is a bit unique, if you’re buying new.

Let’s run the real numbers on buying an MC20 for $250k sticker and flipping it for $50k over sticker.
dealer fee - $1000
title fee - $250
Sales tax (7%) - $17,500
Short term capital gain tax on $50k profit (40 % tax rate) - $20,000

That leaves $11,250.

So, hardly worth the the effort.

 

[MC20]

I agree. $11k may be a best case, as most owners will consign their cars. I was told (by another dealer; not the dealer I ordered my car from) that consignment is 50% of difference between MSRP and selling price. So $50 goes to $25, then sub out the taxes and registration fees paid on the original purchase, then sub out taxes on the gain, and well, you’re not left with much as you pointed out. Only reasons I can think as to why people do it is either they don’t run the numbers or they feel like “hey, I got to drive a new MC20 for a few weeks and I made a couple grand.” A lot of effort for a small return.

 

[ajag]

Agree, not worth it IMHO, but perhaps some of the buyers are not in the same financial situation they were when they ordered the car 6-12 mos ago.

I agree. $11k may be a best case, as most owners will consign their cars. I was told (by another dealer; not the dealer I ordered my car from) that consignment is 50% of difference between MSRP and selling price. So $50 goes to $25, then sub out the taxes and registration fees paid on the original purchase, then sub out taxes on the gain, and well, you’re not left with much as you pointed out. Only reasons I can think as to why people do it is either they don’t run the numbers or they feel like “hey, I got to drive a new MC20 for a few weeks and I made a couple grand.” A lot of effort for a small return.

 

[MC20]

Good point; especially given the YTD performance of the equity and bond markets!

 

[TKM524]

2022 Maserati MC20 For Sale - 47410 (dupontregistry.com) Appears some of the crazy ADMs are continuing to drop. IHMO the MC 20 is not established enough in the market yet for these crazy prices to hold. Just say no and this trend should continue.

 

[ajag]

2022 Maserati MC20 For Sale - 47410 (dupontregistry.com) Appears some of the crazy ADMs are continuing to drop. IHMO the MC 20 is not established enough in the market yet for these crazy prices to hold. Just say no and this trend should continue.

FWIW I was at Chicago Motor Cars today test driving a 720S and was chatting w one of the owners and asked about MC20s, and he said they're trading just slightly over sticker now if I was interested in one (310-320ish sticker cars so heavily optioned I would imagine). So I'd definitely hold off on paying any big ADMs right even if you want one right now.

 

[TKM524]

and with interest rates continuing to climb I'm hoping some allocations open up with people deciding to bail.

 

[BlackMasi]

FWIW I was at Chicago Motor Cars today test driving a 720S and was chatting w one of the owners and asked about MC20s, and he said they're trading just slightly over sticker now if I was interested in one (310-320ish sticker cars so heavily optioned I would imagine). So I'd definitely hold off on paying any big ADMs right even if you want one right now.

I got delivered my brand new 720S three days ago...

 

[ajag]

I got delivered my brand new 720S three days ago...
View attachment 144076

Don't tease, let's see more pics!

 

[BlackMasi]

Don't tease, let's see more pics!

Unfortunately no chance for the MC20… (sorry)

 

[ajag]

Unfortunately no chance for the MC20… (sorry)
View attachment 144083

Gorgeous, congrats! What color is that? Is that a new wheel option?