Malibu Estate comes with a free Ferrari F40

by Noah Joseph (RSS feed)
Apr 12th 2010 at 11:01PM

We've seen plenty of incentives to offload expensive properties. Sometimes they involve a high-end automobile as a bonus. But this one has to take the proverbial cake.

A house in Malibu is up for sale. It's a half-acre property on the ocean-front with 6,000 square feet of living space, including five bedrooms, five bathrooms and room to park 13 cars. Among them is the current owner's Ferrari F40. A veritable legend among exotic supercars, the F40 remains a yardstick against which all Ferraris since have been measured. This one's got less than 800 miles on it, and is valued around $750,000. And if you buy the $4.4 million property before June 30, 2010, the owner will throw in the car for free.

[Source: WalletPop via Autoblog]

Tags: f40, ferrari, ferrari f40, malibu

Filed under: Estates, Luxury Cars & Autos

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Reader Comments (Page 1 of 1)

gregg Apr 13th 2010 12:03PM

No pictures of the house? Can't live in the car, afterall!!

Spectacular Bid Apr 13th 2010 3:17PM

Pictures of the house aside, unless I'm mistaken, the would-be buyer is likely inviting a huge amount of trouble in this transactions.

Why? 1st, because circumventing the California sales tax on the car isn't possible unless the buyer is somehow shipping it out of State. Since there is no pre-determined amount with assigned value to the car it would be you vs. the State determining that. Less say the "fair market" price is $750k Once the price is determined you'd pay 8.25% percent:

https://mv.dmv.ca.gov/FeeCalculatorWeb/index.jsp

2nd the property itself will reflect the full purchase price (while seemingly the Ferrari reflected a portion of the price) of $4.4 Million and not $4.4M less $750k.

In my view the buyer stands the risk of being fully tax exposed on the house and the car .... vs. just house less the car.

Mik's $ Toy Apr 13th 2010 4:14PM

Yes, no pictures! BUMMER!

What in the world is Luxist thinking?

Show me the house!!

I'd probably take the house, but you can have the car!

Deal or no deal? LOL

Mikki Apr 13th 2010 4:22PM

The liink to figure taxes due on car won't work unless you have the VIN, date of sale, zip code, etc..

By using an online tax calculator, the estimated taxes on the auto would be close to $62,000.00!

Acutal numbers: tax $61,875.00 - total cost for car w/tax + $811,875.00

For that price, I'd let the homeowner keep the car and take the house! LOL