Join Date: Jul 2005
Location: Quebexico, Canada
Ferrari Life Posts: 1,990
If im not mistaking, this is a repost but here is what really happened.
Thailand Government Crushes Ferrari's and other exotic cars……
Here’s why…these cars are hot commodities within the auto theft industry in Thailand. But the thieves are smart, they steal the cars, strip the most valuable parts; engine, gearbox, wiring harness, differentials and electronics, and dump the car somewhere to be found by the authorities. The cars are declared a total loss by insurance companies because it would cost almost double the price of the car to order new parts and install them than the car is worth. Then these cars go to the dealer auctions, the thieves bid on the car at a ridiculous low price, because nobody wants to spend that much to rebuild them. Then own the car legally, reinstall the parts and sell it at a very good price in another country without any history of it ever being stolen and all the VIN #’s match. The car is now legally laundered. So the Thailand government caught on to this scheme and is no longer selling them at auctions. Instead, they crush them leaving the thieves with no car, just parts.
One a side note, a car that is made of only aluminum, this is how strong they are built and engineered
1990 348 TS (87284)
“I build cars for young men that only old men can afford” - Enzo Ferrari