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Old 06-16-2013, 12:27 PM   #31
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Originally Posted by Gregor View Post
Although ISTR to remember that's $135/hr for every guy working on the car, so if you had 7 guys working on the frame straightener, you're somewhere north of $1000/hr to get that done. I think they said it took a week to get the frame straight - so call it $50k to get the frame done.
Pretty sure it's just $135 an hour, paid to the shop.

The shop then pays mechanics what it feels they are worth, more like $20-$30 an hour, more for the "specialists".
2 guys working on it for an hour, shop pays them $30 each, pockets what's left (using it to make payments on that straightener for example)


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Old 06-16-2013, 12:34 PM   #32
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I like the show. It goes over the top with what's his name's personality, but at least we get to see some of the inside workings of the process, which is what interests me.

As for the billing; most shops charge by the labor hour, which means that for each person involved, the posted rate is charged.
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Old 06-17-2013, 11:46 AM   #33
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Being the car will probably have a salvage title, I'll pass on the refurb.
My understanding was that it will NOT have a salvaged title...otherwise what is the point in having Ferarri re-certify it?
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Old 06-17-2013, 11:48 AM   #34
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so with a choice of a not wrecked vs. wrecked and repaired to better than new spec's you would take the ???

I'd take the not wrecked car myself.
My buddy and I were talking about this....To somebody that has mega bucks, of course they wouldn't touch a wrecked car....but to somebody who this is a financial stretch to buy....they would certainly be interested in saving $300+k. That's who I think they are going after.
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Old 06-17-2013, 03:24 PM   #35
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I recall Arron saying that the car was from 1991 (correct me if I'm wrong) and as good as the car was then he could make it better with modern running gear and more horse power. if you are buying the 91 you are buying a (dare I say) classic and when the boys are done with it, it is going to be special and that may be worth something to someone. From what I've read, just over 1300 were built between 1987 and 1992 making it a rare car for collectors.

http://www.roadandtrack.com/go/car-c...i-f40-for-sale
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Old 06-17-2013, 03:30 PM   #36
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I think you are close....I seem to remember 94 or 95.
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Old 06-17-2013, 03:34 PM   #37
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91 was my memory
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Old 06-17-2013, 05:00 PM   #38
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Here is an article I found about how it got crashed: http://jalopnik.com/5833174/mechanic...00-ferrari-f40
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Old 06-18-2013, 08:34 AM   #39
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As much as I love F&L I'm beginning to think that much of the Ferrari story was scripted.

The Houston news story about the crash says the car was worth "at least $500,000". That was in original condition, not a crash repair. Our story has it valued it $800,000 after repairs.

Here's a 1991 F40 that was owned by Lee Iaccoca (adds to value) with only 283 miles on it. It sold for $781,000 at auction in January 2012. http://www.rmauctions.com/lots/lot.cfm?lot_id=927517

1991 F40, Monterrey auction in August 2012. $715,000. http://www.rmauctions.com/lots/lot.cfm?lot_id=1052948

F40's were made from 1987-1992. Older is generally better for value. As noted in a story link above:

"Pre-1990 F40s are generally preferred by collectors as 1990 was the year that US emissions regulations required that the cars be fitted with catalytic converters, as an ’89 model this car has no such nonsense bolted to it."

As for a "salvaged title" I'm sure the car was insured before the crash. It was the insurance company selling it after they totaled it. From a story describing salvage titles:

"When a vehicle has been in an accident and the total damage exceeds a certain percentage of the value of the car (ranging from 75-90 percent), the insurance company will decide that it is not economically feasible to repair it and declares it a "total loss." What happens next varies by state, but in general, the motor vehicle agency will then issue a "salvage certificate" to the car. This means that the car cannot be driven, sold or registered in its current condition.

Usually, the insurance company sells the car to either a repair facility or parts dismantler. If the car is repaired, most states require that it pass a basic safety inspection before the motor vehicle agency will issue a new title. When the state does issue the title, it's "branded," and notes that the car has been salvaged or rebuilt so future owners are aware of its past."

If this F40 was insured before the crash then it will have a branded title. If nothing else, there's still Carfax. :-)

Overall I could have done without the F40 story. It doesn't fit what makes F&L so much fun. Also, it disturbed me how many changes they made to the original specs of the car - especially the color. The whole concept of "classic" means the original design of a car should be maintained as closely as possible. If you watch Chasing Classic Cars you'll know that cars that have not been restored are now often making more at auction than restored ones.

If Rich was in the art business he would want to add more color to the Mona Lisa and improve her smile.
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Old 06-18-2013, 08:45 AM   #40
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The thing is that that particular F40 was wrecked so it would never be an unwrecked/unrestored/unmolested car, why not change the color and other items?
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Old 06-18-2013, 09:28 AM   #41
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...Overall I could have done without the F40 story. It doesn't fit what makes F&L so much fun...
Totally agree with this. Hell...most of the work was outsourced.
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Old 06-18-2013, 12:21 PM   #42
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I agree this car has not been interesting. As for it not being original, that is what those guys do. They are always mixing and matching what they want. Not going for original condition.
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Old 06-18-2013, 12:53 PM   #43
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The thing is that that particular F40 was wrecked so it would never be an unwrecked/unrestored/unmolested car, why not change the color and other items?
When it comes to the color....I'd find a buyer FIRST and ask THEM what color they wanted. A lot of F40 buyers are purists and would want the factory red.
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Old 06-18-2013, 07:00 PM   #44
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Dennis was obviously getting the car from the beginning.
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Old 06-18-2013, 07:45 PM   #45
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Dennis was obviously getting the car from the beginning.
That's what I've been thinking. The buy was scripted and he already bought/owned the car and was going to have the Ferrari shop do the repair work and Gas Monkey was just worked in for dramatic effect.
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Old 06-18-2013, 09:12 PM   #46
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That's what I've been thinking. The buy was scripted and he already bought/owned the car and was going to have the Ferrari shop do the repair work and Gas Monkey was just worked in for dramatic effect.
Quote:
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Dennis was obviously getting the car from the beginning.
I agree with the above, the end of the F40 story felt very scrypted, the car looked great, not sure it was $900K great, but still pretty cool.
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Old 06-18-2013, 11:32 PM   #47
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That's what I've been thinking. The buy was scripted and he already bought/owned the car and was going to have the Ferrari shop do the repair work and Gas Monkey was just worked in for dramatic effect.
Just watched the part 2 and totally agree. Disappointing
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Old 06-19-2013, 01:02 AM   #48
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Certification process was glossed over (not mentioned). Repair was massive hack job.
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Old 06-19-2013, 09:22 AM   #49
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Certification process was glossed over (not mentioned). Repair was massive hack job.
Yeah...another dissapointment. They BRIEFLY mentioned during the 20 second wrap up that they got it within 1 mm of spec but that was it. I still don't know what that certification really means.
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Old 06-19-2013, 10:32 AM   #50
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All I know is those are the ugliest replacement headlights I've seen!
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Old 06-19-2013, 11:30 AM   #51
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I'm hoping that this Ferrari crap was just a season finale/premier thing and they will get back to what they do best, next episode.
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Old 06-19-2013, 07:26 PM   #52
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Yeah...another dissapointment. They BRIEFLY mentioned during the 20 second wrap up that they got it within 1 mm of spec but that was it. I still don't know what that certification really means.
It means Dennis gets a cheap Ferrari.
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Old 06-20-2013, 05:35 AM   #53
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All I know is those are the ugliest replacement headlights I've seen!
Yes, when they showed the front of the car that is the first thing I thought of too. yuck.
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Old 06-20-2013, 08:19 AM   #54
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I just want to know why these guys keep taking things to auction. He never gets what he's expecting. So either his original number is BS, or auctions are a bad bet. My guess is that it's a little bit of both. But if a car is worth 100K, and it goes for 50K, I don't think it really was worth 100K to begin with...
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Old 06-20-2013, 08:32 AM   #55
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I just want to know why these guys keep taking things to auction. He never gets what he's expecting. So either his original number is BS, or auctions are a bad bet. My guess is that it's a little bit of both. But if a car is worth 100K, and it goes for 50K, I don't think it really was worth 100K to begin with...
When they do the wrap at the end of each show they also fail to note the costs of selling a car at auction.

For example, at Barrett-Jackson:

WHAT DOES IT COST TO SELL MY CAR?

To sell a vehicle at Barrett-Jackson, the Consignor is responsible for an entry fee as well as a Seller's commission of 8% of the hammer price for No Reserve consignments or 10% of the hammer price for Reserve consignments. The entry fee is determined by day and time of your Lot entry and includes tent space.

They also don't count any labor costs at their shop. I think they barely broken even on the Porsche after labor and auction costs.
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Old 06-20-2013, 03:41 PM   #56
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They also don't count any labor costs at their shop. I think they barely broken even on the Porsche after labor and auction costs.
Sometimes they do.

They'll say it cost $$XX dollars for parts and labor, but they say it so fast sometimes it's hard to hear what they said,


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Old 06-21-2013, 11:49 PM   #57
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You can ask anything you want, getting someone to pay it is the real trick. Discovery pays some $ for being on the show, I wonder how much that is?
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Old 06-22-2013, 07:44 AM   #58
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As for the billing; most shops charge by the labor hour, which means that for each person involved, the posted rate is charged.
I did not know this, but it sure explains a couple of my labor bills.
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Old 06-22-2013, 08:02 AM   #59
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I did not know this, but it sure explains a couple of my labor bills.
Yes, that's how it's done. When I had a clutch in my TSX replaced, it takes 16 hours of labor - 2 people for 8 hours to pull the engine, replace the clutch and then replace the works. $1600 for labor and $900 in parts. Read on a bunch of forums that seemed to be the standard replacement cost.
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Old 01-21-2014, 06:50 AM   #60
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I caught this show for the first time over the weekend. Watched a two part episode where they rebuilt a Shelby Mustang. I really enjoyed this show. I think I need to go back to the first episode and catch up. Is there anywhere online that past episodes can be streamed? If not, I'll see if I can find the show on usenet.
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