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Salvage-Title Ferrari: Bargain or a Bad Deal?

John Draneas

Recently, SCMer Bruce Cochran wrote me with an interesting suggestion: “I thought this particular listing for a Ferrari F12 might be of possible interest for a future dissertation. Without knowing anything about ‘salvage titles,’ my first instinct has always been to run in the other direction. My assumption has always been that these cars have…

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John Draneas
John practices law in the Portland, OR, suburb of Lake Oswego, where he focuses on tax and estate planning, business organizations and transactions, and representation of collector-car owners. He is a past president of the Oregon region of the Porsche Club of America and served as the chairman of the PCA’s 2006 parade. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, a John Deere tractor — and one increasingly famous Jaguar E-type. This month’s “You Write, We Read” on p. 20 is full of SCMer advice on whether Draneas should restore his Jag.
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