550 Maranello article - they'll be £200k before you know it!
Discussion
bertie said:
I wonder if I should have a word on the insurance value of my manual 575
Anyone suggest who might give me a good idea on value?
Ask Ed Callow Robert, but be quick, he's returning to the world of automotive PR in the next couple of weeks. I think £199k wouldn't be out of order and you should make sure you advise the insurer.Anyone suggest who might give me a good idea on value?
rubystone said:
bertie said:
I wonder if I should have a word on the insurance value of my manual 575
Anyone suggest who might give me a good idea on value?
Ask Ed Callow Robert, but be quick, he's returning to the world of automotive PR in the next couple of weeks. I think £199k wouldn't be out of order and you should make sure you advise the insurer.Anyone suggest who might give me a good idea on value?
roygarth said:
rubystone said:
bertie said:
I wonder if I should have a word on the insurance value of my manual 575
Anyone suggest who might give me a good idea on value?
Ask Ed Callow Robert, but be quick, he's returning to the world of automotive PR in the next couple of weeks. I think £199k wouldn't be out of order and you should make sure you advise the insurer.Anyone suggest who might give me a good idea on value?
Nice spec I think.
It's an excellent spec but the price is only for the very brave.
I have a UK '98 550M with FHP in mint condition with 26K miles. It was my first Ferrari - bought when it was one year old, its original owner is a British Oscar winning movie producer - and even though I've added later more illustrious sisters, she remains number 1.
I've no idea what's she's worth today but back in 2002 she was only worth 25K trade.
The blue 575 manual is a beautiful car but it's not IMO "beach-front property", the type of very special property which can be hit but ultimately weather the majority of financial storms.
If the buyer is buying for love, fine. Anything else on this car and similar, balls of steel.
I have a UK '98 550M with FHP in mint condition with 26K miles. It was my first Ferrari - bought when it was one year old, its original owner is a British Oscar winning movie producer - and even though I've added later more illustrious sisters, she remains number 1.
I've no idea what's she's worth today but back in 2002 she was only worth 25K trade.
The blue 575 manual is a beautiful car but it's not IMO "beach-front property", the type of very special property which can be hit but ultimately weather the majority of financial storms.
If the buyer is buying for love, fine. Anything else on this car and similar, balls of steel.
Edited by Camlet on Wednesday 30th March 09:40
Camlet said:
It's an excellent spec but the price is only for the very brave.
I have a UK '98 550M with FHP in mint condition with 26K miles. It was my first Ferrari - bought when it was one year old, it's original owner is a British Oscar winning movie producer - and even though I've added later more illustrious sisters, she remains number 1.
I've no idea what's she's worth today but back in 2002 she was only worth 25K trade.
The blue 575 manual is a beautiful car but it's not IMO "beach-front property", the type of very special property which can be hit but ultimately weather the majority of financial storms.
If the buyer is buying for love, fine. Anything else on this car and similar, balls of steel.
It is interesting that people assume the 575 is superior and most who voice an opinion have no experience of ownership. I had a 575 Manual with FHP and three 550's ranging from 1997 to 2001 (one of the last), I definitely preferred the 550 for the more retro interior, slightly more playful handling and simple things like the indicators not making that silly electronic beep as they do on the 575.I have a UK '98 550M with FHP in mint condition with 26K miles. It was my first Ferrari - bought when it was one year old, it's original owner is a British Oscar winning movie producer - and even though I've added later more illustrious sisters, she remains number 1.
I've no idea what's she's worth today but back in 2002 she was only worth 25K trade.
The blue 575 manual is a beautiful car but it's not IMO "beach-front property", the type of very special property which can be hit but ultimately weather the majority of financial storms.
If the buyer is buying for love, fine. Anything else on this car and similar, balls of steel.
bertie said:
roygarth said:
rubystone said:
bertie said:
I wonder if I should have a word on the insurance value of my manual 575
Anyone suggest who might give me a good idea on value?
Ask Ed Callow Robert, but be quick, he's returning to the world of automotive PR in the next couple of weeks. I think £199k wouldn't be out of order and you should make sure you advise the insurer.Anyone suggest who might give me a good idea on value?
Nice spec I think.
cgt2 said:
It is interesting that people assume the 575 is superior and most who voice an opinion have no experience of ownership. I had a 575 Manual with FHP and three 550's ranging from 1997 to 2001 (one of the last), I definitely preferred the 550 for the more retro interior, slightly more playful handling and simple things like the indicators not making that silly electronic beep as they do on the 575.
I am quite prepared to believe that the 550 is the superior car. Indeed, for obvious reasons, I should very much LIKE to believe it! I assume that it's the relative rarity of the 575 in manual form that really pushes up the price.Mario149 said:
With all these apparent increases, part of me slightly regrets selling mine 15 months ago, but part of me is quite happy as well as for the first half of my ownership there were no massive rises so I had no fear of driving the tits off it and doing loads of miles. It was only when prices went past £70K for my 37K miler and I was getting itchy feet that I was "watching" the value tick down mile by mile. Funny isn't it.
In terms of satisfaction, the best cars to drive have surely got to to be the ones which hold their value during ownership. Otherwise, on the one hand you get annoyed at cars that depreciate and on the other you stop wanting to drive cars that are appreciating because of the "lost" money
Look at it another way. It's a win-win, situation: the more you use it, the more you enjoy doing so; but when you are not using it, it's earning you money. Your car gave you a load of driving pleasure AND a tidy profit when you sold it In terms of satisfaction, the best cars to drive have surely got to to be the ones which hold their value during ownership. Otherwise, on the one hand you get annoyed at cars that depreciate and on the other you stop wanting to drive cars that are appreciating because of the "lost" money
All this talk about values...especially the value of 575 manuals...is getting a bit tedious...isn't it? As owners of 550s, we're all doing quite nicely thank you. As far as which is the better car, a friend of mine in New Zealand who has both (his 575M manual is ultimate spec by the way) says that the 550 is significantly the better drive due to better bump absorption...in other words, even though the 575 has more power and torque, the 550's tyres stay in better contact with the roads here, and thus make it a better drive.
Let's be honest: the 575M was developed primarily for the US market, with its F1 'box and softer suspension, which the Fiorano pack only partly improves. Other attributes which make the 550 the nicer car to live with are the better front-end ground clearance and the more comfortable seats. I also think the steering is a standout feature.
My two-penneth on values is to buy a well-sorted and well-maintained high-miler, and drive it as far and as often as you like: the higher the mileage, the less depreciation per mile you have to worry about...and all the while it's gaining in value. Happy days!
Let's be honest: the 575M was developed primarily for the US market, with its F1 'box and softer suspension, which the Fiorano pack only partly improves. Other attributes which make the 550 the nicer car to live with are the better front-end ground clearance and the more comfortable seats. I also think the steering is a standout feature.
My two-penneth on values is to buy a well-sorted and well-maintained high-miler, and drive it as far and as often as you like: the higher the mileage, the less depreciation per mile you have to worry about...and all the while it's gaining in value. Happy days!
Bluebottle911 said:
cgt2 said:
It is interesting that people assume the 575 is superior and most who voice an opinion have no experience of ownership. I had a 575 Manual with FHP and three 550's ranging from 1997 to 2001 (one of the last), I definitely preferred the 550 for the more retro interior, slightly more playful handling and simple things like the indicators not making that silly electronic beep as they do on the 575.
I am quite prepared to believe that the 550 is the superior car. Indeed, for obvious reasons, I should very much LIKE to believe it! I assume that it's the relative rarity of the 575 in manual form that really pushes up the price.ramjet22 said:
All this talk...
The 550's chin always looked more exposed than the 575M to me and the below images from Owners manuals would appear to back that up. Remember that the FHP geometry on both cars (and the HGTC geometry on the 575M) lowers the front by around 10mm (although cars delivered to the USA were not lowered by the factory to comply with local headlight height rules).
Head over to FerrariChat for a more active technical discussion, if you are interested, and you could tell us about your HID retrofit?
http://www.ferrarichat.com/forum/456-550-575-spons...
550 chins: Thanks for the drawings: I'm not sure they prove much because both front overhangs appear to be the same at 1080mm. There are no vertical measurements shown. Perhaps my comparison wasn't fair: Having driven a 575 Superamerica in NZ, as opposed to a regular 575, the 550 definitely has the advantage: I know the Superamerica was lowered compared to a regular 575, so perhaps that is the difference. NZ's subtropical rainfall and hilly terrain tends to make for challenging thresholds in any case: SUVs predominate as daily drivers!
I know someone that very recently bought a RHD for £45k... I won't give too many details, but standard mileage, desirable colour combo. Needed freshening up as it had been stood a while, but nothing more than that.
I told him he was a very lucky boy in slightly stronger words. Right place, right time and a (wealthy) disinterested owner that just wanted it gone and clearly didn't use google very much!
I told him he was a very lucky boy in slightly stronger words. Right place, right time and a (wealthy) disinterested owner that just wanted it gone and clearly didn't use google very much!
harrykul said:
Now that the threshold in the thread title has been broken, does anybody actually know of someone who has bought in or around these prices?
Highest I know of for sure is a friend who sold recently at £130k. Who knows if they are selling above that but as with the entire Ferrari market there is a lot of speculative advertising of SOR stock which gets shuffled around/withdrawn with people then drawing the conclusion that something has actually sold at an inflated level which is not always the case. If you look carefully you'll often see the same car appear to be sold by one dealer only to turn up for sale elsewhere.Hardly any dealers other than franchised have the capital to actually invest in stock, a quick asset search determines how little some independents have in cash reserves whilst advertising machinery in the hundreds of thousands, and even those that do are reluctant to invest at inflated levels in case they are left holding the parcel. It's also telling that many franchised dealers now heavily rely upon SOR.
outofstepuk said:
I know someone that very recently bought a RHD for £45k... I won't give too many details, but standard mileage, desirable colour combo. Needed freshening up as it had been stood a while, but nothing more than that.
I told him he was a very lucky boy in slightly stronger words. Right place, right time and a (wealthy) disinterested owner that just wanted it gone and clearly didn't use google very much!
Which is about the level they were three years ago. I bought my minter in Grigio/Bordeaux for £38k in 2013.I told him he was a very lucky boy in slightly stronger words. Right place, right time and a (wealthy) disinterested owner that just wanted it gone and clearly didn't use google very much!
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