RE: Ferrari 512 TR: PH Fleet

RE: Ferrari 512 TR: PH Fleet

Thursday 3rd April 2014

Ferrari 512 TR: PH Fleet

Running old Italian exotica is expensive. Horribly expensive in fact, as Chris has discovered



The Ferrari 512TR. I used to love my Ferrari 512TR. I will love it again in a few days time, but right now I'm not very fond of my Ferrari 512 TR.

For once I got myself organised for spring, removed the old red beastie from hibernation early, and booked it in to Dick Lovett Swindon for a service. I wasn't sure whether it needed the dreaded belts changing - designing a mid-mounted flat 12 for with cambelts is manna from heaven for any garage because it requires the engine to be dropped - or if it just required some oil and a general root-around.  

Luckily, a quick peek at the massive history file showed it didn't need belts for another year, but as any fool knows, there is no such thing as a small service bill for an old nag, so I refrained from celebrating at this early stage. This proved to be a prescient move.

I dropped the car at Lovett's airport-sized building and then awaited the technician's report. It arrived from the exceedingly helpful Richard Hatton the following day, with the same eye for brevity Dostoyevsky saved for The Brothers Karamazov. "The offside radiator is heavily corroded", it began, and continued in a manner you'd swear was intended to make you relinquish any passion for motor cars. I scan-read to reduce the pain, there was pain in every sentence: "The battery appears to have lost a cell." Wazzocks.

A radiator was ordered and fitted, then oil leaks around both cam-covers were investigated and, thank the almighty, this was traced simply to the covers and not the seals on the ends of the camshafts because that would have necessitated the engine removal job that we avoided a few paragraphs back. 

Big Red's second home at the moment!
Big Red's second home at the moment!
The problem here was that the last person to fit these was clearly a moron (I shan't name the garage) and had left sealant everywhere, some of it in oil channels. This took a long time to remove and clean. Time is not cheap at Ferrari main dealers, but they are willing to do deals on these older cars. What matters for me is that Lovett's have people who understand these old tanks. I've used people in the past who sound very convincing on the subject, but then the work turns out to be less than stellar. I'd be lying if I said the prospect of an official Ferrari stamp in the book was unappealing.

So, cam-covers neatly in place and radiator fitted, Big Red went off for a test drive - after the handbrake had been adjusted - but this was less than successful because the brake pedal went to the floor. In fairness, even when they're on top form, the brakes feel slightly broken. After limping back, the o/s rear bleed nipple was discovered to be leaking fluid. I was expecting to automatically be stitched into a new caliper, but they had a local engineering firm re-seal the nipple. 

All done! Well, mostly - there wasn't quite enough time to balance both banks for perfect throttle response, but it passed its MOT fine, and I was in a hurry so said I'd pop back in a week's time to do that. I handed over £3,200, and walked to the car like a non-cyclist who had ridden 50 miles on a very lean saddle the previous day. An hour later, I wish I'd left the car at the garage.

Stuck in a traffic jam, it started to intermittently drop a bank of cylinders, the warning light saying this was the case illuminated, then the rev-counter needle began flinging itself around and there I was witnessing a genuinely impressive Italian tantrum. There was clicking under the dash too, it sounded like a faulty relay and clearly it was an electrical issue, but I just don't have the skills to investigate such things, so I abandoned the car for the night, took a taxi home and used many swear words. "Why did you sell that nice Porsche?" queried an old pal, just before my fist crunched into his solar plexus.   

Lovetts recovered the car the following day and found that the left hand bank coil pack connector was broken. This was fixed, and then the bank-balancing (yes, stop tittering at the back) was carried out and, finally, all was.....only it wasn't. Injector number four, the evil little bastard that he is, was found to offer half his normal resistance, so another was ordered and fitted  -£390 incl. VAT. They were good enough to refund my taxis and trains from earlier in the week.

I haven't seen the car yet, it's being dropped back in an hour or so. I care about driving these things, and I tend to find that the most unpleasant period in the ownership process of these old, potentially ruinous sheds is the hinterland between payment and first thrashing it on a favourite road. In other words, enjoying the fruits of your outlay. I'm sitting in that purgatory now, but it won't be for long.

The truth is, these cars cost money to keep, I want it in top mechanical condition and we're probably looking at an appreciating asset, so there's no real problem. And I'm such a sucker for the way it looks that all animosity will disperse the moment it rolls off the truck.

Love cars; hate cars.


FACT SHEET
Car:
 Ferrari 512 TR
Run by: Chris Harris
Bought: June 2013
Mileage: The last number plus driving to Lovetts...
Purchase price: Next question!
Last month at a glance: Servicing gets costly for Big Red 


Previous updates:
Chris has bought another Ferrari...
Family holiday? Take the 512 and be damned!
Rain stops play (briefly) for the 512


Author
Discussion

HorneyMX5

Original Poster:

5,309 posts

150 months

Thursday 3rd April 2014
quotequote all
Ouch!

Hat's off to people like yourselves who look after these things though, surely a labour of love.

Kronstein

294 posts

129 months

Thursday 3rd April 2014
quotequote all
Well that's one way of making the finance payments on the FF (with bundled servicing I believe?) seem reasonable...

pcn1

1,212 posts

219 months

Thursday 3rd April 2014
quotequote all
It dosnt seem that bad for a car of that age and value ?
Plus I suspect your not taking big hits on depreciation every either.


driving

willisit

2,142 posts

231 months

Thursday 3rd April 2014
quotequote all
Doesn't appear to be that bad... hell, our new-ish S5 is causing my bank balance some real issues for things that I would never imagine would go wrong on a new Audi. I'd expect a fairly old Ferrari to be a handful. smile

pSyCoSiS

3,591 posts

205 months

Thursday 3rd April 2014
quotequote all
Stunning car, Chris.

But I can see what you mean about the high running costs! That trip to Lovett cost you the best part of £4k.

Ouch!

Zumbruk

7,848 posts

260 months

Thursday 3rd April 2014
quotequote all
"Love cars; hate cars."

Know *exactly* what you mean.

only1ian

687 posts

194 months

Thursday 3rd April 2014
quotequote all
My Alpina and I had a similar relationship. Sold her this morning and am feeling meloncoley like I just lost a child. Cheap Ferrari next???!

Mr E

21,614 posts

259 months

Thursday 3rd April 2014
quotequote all
Suspect I'm feeling better about next weeks service for the ratty old lotus.

IanO

104 posts

237 months

Thursday 3rd April 2014
quotequote all
I feel your pain - my 993 used to play the same trick on me, but at least you are getting a treat back at the end of it all. What really used to hurt was getting big garage bills for a diesel greymobile

zebedee

4,589 posts

278 months

Thursday 3rd April 2014
quotequote all
pSyCoSiS said:
Stunning car, Chris.

But I can see what you mean about the high running costs! That trip to Lovett cost you the best part of £4k.

Ouch!
Only 10 times the cost of a dealer routine full service (oil, filter, spark plugs) with no parts on a Ford though, and he had quite a bit of work done.

Mavican

135 posts

164 months

Thursday 3rd April 2014
quotequote all
Obviously leaving any car alone for a period of time is going to mean some sort of bill when it's time to wake it up. Had this with my Dad's cars when it was time to move them on. Were sat for over 6 months.

But if you love em, you'll keep paying for em!


Leins

9,457 posts

148 months

Thursday 3rd April 2014
quotequote all
If it was easy Chris, it'd be no fun! wink Have already started this year's spend on the 3.8 M5 and it hasn't yet turned a wheel in anger since last summer, but I know (hope!) it'll be worth it when the sun comes back out

bencollins

3,497 posts

205 months

Thursday 3rd April 2014
quotequote all
Probably went up in value by that bill this year anyway, so if you ignore inflation, relax!

2.5pi

1,066 posts

182 months

Thursday 3rd April 2014
quotequote all
I'm sure a Quentin Wilson type warranty would have covered that lot without a query whistle

Froomee

1,423 posts

169 months

Thursday 3rd April 2014
quotequote all
zebedee said:
pSyCoSiS said:
Stunning car, Chris.

But I can see what you mean about the high running costs! That trip to Lovett cost you the best part of £4k.

Ouch!
Only 10 times the cost of a dealer routine full service (oil, filter, spark plugs) with no parts on a Ford though, and he had quite a bit of work done.
About 20 times... a Main Dealer serivce on my Focus ST in 2011 was less than £200.

Although an Ins II on my Z4M has just cost me £745.

mrdemon

21,146 posts

265 months

Thursday 3rd April 2014
quotequote all
I guess it's all eating into the RS4.0 profit ;-)

but still in pocket I would guess.


birdcage

2,840 posts

205 months

Thursday 3rd April 2014
quotequote all
The day I bought my old Ferrari was one of the best of my life, the day I sold it was better...


SydneySE

406 posts

260 months

Thursday 3rd April 2014
quotequote all
I know the feeling running a 2004 Murciealgo....

But I've come up with a solution- I do my own oil change; fixed a door issue, and am about to do my own clutch change, as I'm outraged by what people charge considering how easily a garage can pull the engine (not that they need to actually lift the engine out). I did have to buy an an engine lift from ebay (£165 delivered for a 2 ton lift).

The good thing about older cars is that there is enough DIY support; on one of the USA lambo forums a guy documented his DIY at home clutch change, and i'm following that with along with the factory manual for reference.

Looks like it may also need a new oil pump, but I will just deliver the engine to the mechanic, so labour is just the actual change of oil pump; I just provide the unsophisticated grunt labour :-)

Cactussed

5,292 posts

213 months

Thursday 3rd April 2014
quotequote all
I point this out continually to people.
Running any 20 year old car will need some patience and understanding.
Things like radiators (water and oil), rubber hoses and seals and all other perishables / long term consumables are bound to need replacement.

Its whether or not you have he time, patience, skill or dedication (or cash) to undertake all that.

Incidentally, its why service history is often just nonsense and condition backed by receipts and ideally photo evidence of work done is the best guarantee of reliability and lower running costs, as is evidence of regular usage (ie, higher mileage).

Just my 2c from experience.

Persevere Chris, they are worth it.

As an aside, 512's sometimes eat diffs, so maybe worth investigating and/or getting the oil changed as a matter of course. A replacement is eye watering (if you can find one).

Chris Type R

8,025 posts

249 months

Thursday 3rd April 2014
quotequote all
My hum-drum Italian car(Alfa GT) has cost thus far this year:
- new battery, £100ish
- new tyres, £500ish
- gearbox rebuild, cam-belt service, MOT, seat repair, etc £1600ish.

Probably only done a couple of hundred miles this year most of it to and from the Alfa Indy.

So, the figures quoted in the article for your bit of exotica don't sound too horrendous.

EDIT: still have to pay for a radiator replacement and some more diagnoses of a braking noise later this year.