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Ferrari 458 Spider Loses $140,000 In Value After 4 Hours In Garage

Accident / 17 Comments

Supercar owner claims damage caused while in NYC garage has significantly affected 458's value.

As this unfortunate owner found out, leaving your cherished exotic supercar in the hands of somebody else can be risky. But when you pay a lot of money to park your car in a private garage, you expect any damages to be covered. In Manhattan, Mark Rosen, a 70-year old legal executive recruiter and luxury car affectionate, handed the keys to his blue Ferrari 458 Spider worth $347,000 to a valet attendant at a Tribeca parking garage.

When he returned to pick the car up four hours later, he was shocked to find the door had been bashed in and the side-view mirror was missing. According to the New York Post, the cost of the repair bill was $19,500. "I have no idea what really happened," Rosen told the publication. "You're driving a car five miles per hour in a garage, it's almost impossible to do that unless you're really, really careless."

To make matters worse, the garage owners refused to show Rosen where and how the incident happened. "This is the reason we don't want cars like yours in the garage," a City Parking manager allegedly told Rosen. "This is one of the most expensive, exclusive buildings in the city — what are people supposed to drive, Chevrolets?" Rosen replied.

Rosen had been living in the building for only a few months when the incident happened and had already paid the $800 monthly fee for a parking spot and more than $3,000 in tips.

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"The car was in mint condition," he said. "They smashed the entire side passenger door, ruined the door, and the entire passenger side mirror had to be replaced. Any of these cars get into an accident, the value goes through the floor."

Rosen claims the damage caused the value of his 2015 Ferrari, which had just 7,000 miles on the clock, to plummet by $140,000, the suit claims. Rosen sold the repaired vehicle via a dealer, who gave Rosen a $207,000 credit for the car. City Parking initially agreed to pay for the damage but then refused after seeing the how much the bill cost. As a result, Rosen is suing the parking garage for $19,500 to cover the repairs.