RE: The £17K Ferrari? I bought it...

RE: The £17K Ferrari? I bought it...

Author
Discussion

Shnev91

179 posts

113 months

Monday 23rd February 2015
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Good luck to him I say. I would love the space (and cash!) to be able to go out and do the same.

.... ONE DAY!!!!!

paulg390

635 posts

233 months

Monday 23rd February 2015
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Thanks for the enquiries as to the well being of the 456, it has indeed been been dry stored for the winter but is scheduled to emerge very soon. When it does it will have the centre exhaust boxes replaced by some Bradan straight pipes that i bought off a fellow PH'er last year. Will make sure I post up a quick vid of how it aounds... Watch this thread 😉

paulg390

635 posts

233 months

Sunday 7th June 2015
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Hard to believe it is over 3 years since I took the plunge... so far so good.. although a pesky misfire on one cylinder after it emerged from winter storage proved tricky to pin point. Turned out to be a dodgy contact on ECU and while on the diagnostics machine a slight leak on inlet manifold was spotted so that sorted too all ready for the pilgrimage to Le Mans on Thurs... today was a perfect day for pre-trip prep.
Bradan pipes add a subtle but slightly tone so much happier with the sounds ;-) Bloomin CD player playing up again though :-(


Edited by paulg390 on Sunday 7th June 19:27

ILoveMondeo

9,614 posts

225 months

Sunday 7th June 2015
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Well done for keeping the thread going!

Any Exotica at that price seems like a long distant memory now!

Really pleased it's worked out so well!


CliveM

525 posts

184 months

Saturday 6th August 2016
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Bump.
OP - still running ok?

Welshbeef

49,633 posts

197 months

Saturday 6th August 2016
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Hasn't the OP now tripled his money with this ?

CDP

7,454 posts

253 months

Saturday 6th August 2016
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Welshbeef said:
Hasn't the OP now tripled his money with this ?
At least and deservedly.

paulg390

635 posts

233 months

Sunday 7th August 2016
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Evening all, thanks for the "bump".... can't believe that it is over a year since I lasted posted on the 456, and now it is over 4 years since I took the plunge. By coincidence I have just been out on a 300 mile round trip today in it and all went well, even the suspension light stayed out for the whole trip thumbup. It certainly is a great GT car.
But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.

The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment redfacebiggrin


Dave Hedgehog

14,541 posts

203 months

Sunday 7th August 2016
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Superb stuff smile

TR4man

5,207 posts

173 months

Sunday 7th August 2016
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I've just read this from the first to last post - what a great read! I certainly don't have your courage (or deftness!) to buy a cheap neglected supercar.

Would love to see some photos of how it looks now.

Welshbeef

49,633 posts

197 months

Sunday 7th August 2016
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TR4man said:
I've just read this from the first to last post - what a great read! I certainly don't have your courage (or deftness!) to buy a cheap neglected supercar.

Would love to see some photos of how it looks now.
With 0.25% base rate plus devalued £ heat coming off housing market is say you'd be more likely than not to win £ wise.

Mr Tidy

22,065 posts

126 months

Monday 8th August 2016
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paulg390 said:
Evening all, thanks for the "bump".... can't believe that it is over a year since I lasted posted on the 456, and now it is over 4 years since I took the plunge. By coincidence I have just been out on a 300 mile round trip today in it and all went well, even the suspension light stayed out for the whole trip thumbup. It certainly is a great GT car.
But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.

The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment redfacebiggrin
Thanks for the update OP! thumbup

456 values can surely only go one way - given that they must be the last front-engined naturally aspirated V12 Ferrari with 3 pedals and a manual gearbox, complete with the metal gate for the gear-lever!

Fantastic car - I hope you keep enjoying it so I can read the updates! laugh

If only Euromillions would draw the right numbers - I would buy one straight away!

Keep enjoying it, and hopefully keep us updated - terrific thread!

hairykrishna

13,158 posts

202 months

Monday 8th August 2016
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Mr Tidy said:
456 values can surely only go one way - given that they must be the last front-engined naturally aspirated V12 Ferrari with 3 pedals and a manual gearbox, complete with the metal gate for the gear-lever!
Apart from the 575, 612 and the 599.

I think all V12 manual Ferraris will hold their value pretty well though.

Welshbeef

49,633 posts

197 months

Monday 8th August 2016
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hairykrishna said:
Apart from the 575, 612 and the 599.

I think all V12 manual Ferraris will hold their value pretty well though.
There will always be cycles boom and busts - I'm pretty sure 0.25% and very long term low rates will help keep values firm / devalued £ will also make it cheaper for overseas buyers so opening up more demand.


I have to say not much beats a lovely V12 they are pretty special and relatively rare.

k-ink

9,070 posts

178 months

Monday 8th August 2016
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Good to see this thread pop up again. Still a legendary purchase

mudy

874 posts

171 months

Monday 27th March 2017
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Any updates op?

Welshbeef

49,633 posts

197 months

Monday 27th March 2017
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mudy said:
Any updates op?
Must be >€100k now surely

Guvernator

13,103 posts

164 months

Tuesday 28th March 2017
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Not sure why everyone is obsessing over the value of the car? I thought this was pistonheads, not investors weekly and while I'm sure the OP is happy that his car has gone up in value, the turning of these cars into assets really helps no one except those who aren't really interested in cars in the first place.

If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.

TheLordJohn

5,746 posts

145 months

Tuesday 28th March 2017
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Well that's bullst. If a petrol head really wanted one, he could have had one a few years ago for £35k.
I'm not one to overly care about appreciation or whatever, but if a car lifts out of your budget, you simply have to look elsewhere.
Or have the courage of your conviction to buy it when you think they're low, like the OP did.

culpz

4,881 posts

111 months

Tuesday 28th March 2017
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Guvernator said:
Not sure why everyone is obsessing over the value of the car? I thought this was pistonheads, not investors weekly and while I'm sure the OP is happy that his car has gone up in value, the turning of these cars into assets really helps no one except those who aren't really interested in cars in the first place.

If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.
You're absolutely right. However, i think you've kinda missed the point with the whole thread.

It's all about taking the plunge. Buying a car with such a badge as Ferrari for such a relatively small amount of cash is something which appears to be frowned upon. This thread builds up the hope that there are real bargains and opportunities out there that people just don't commit to in fear of it costing them a fortune.

OP did just that and it turned out to be a good bet. Obviously, it doesn't always go this way but that's just the gamble you take. It appears OP has enjoyed and used the car as he should and did not just buy it to make a profit. But, the fact that he most likely will do, is a good enough reason to prove the general consensus wrong.