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Friday 25th May 2012

The £17K Ferrari? I bought it...

Chris Harris recently wrote a 'You Know You Want To' about a £17K Ferrari 456 - we meet the man who took the plunge



Pulling up outside the Hertfordshire home of Paul Goodlad you don’t need to be playing Through The Keyhole to ask who’d live in a place like this. And were there ever a spin-off assessing driveway car collections called How PH Are You? You’d have to say Goodlad has a pretty convincing case for winning top marks.

PH cred enhanced further with this £700 runaround
PH cred enhanced further with this £700 runaround
In the driveway lurk a Nissan R33 GT-R on track tyres and a bright red Vauxhall VXR8. Respectively, the turbo nutter track car and monster V8 rear-drive gas guzzler boxes ticked already. Over the road lurks an engagingly ‘well lived’ Audi V8 Quattro, complete with burly stainless exhaust poking out of the rear valance and apparently bought on impulse for just over seven hundred quid on eBay. V8 smoker barge Shed present and correct.

But it’s Paul’s latest purchase that puts him truly to the front of the queue for the title king of the PH classifieds. Because he’s the man who blinked first and bought the ‘You Know You Want To’ £17K Ferrari 456 dug out by Chris Harris and introduced with the line “what car currently for sale in the classifieds currently has the greatest potential for financial pain?”

Slightly nervous expression still present
Slightly nervous expression still present
He knew he wanted to
On first sight Paul wasn’t sure if he wanted to. But Harris’s musings gave added impetus to his considerations. And two weeks and 14 pages into the 364-post (and counting) thread that followed the Harris story, he came on to claim the virtual pints offered by PHers in the discussion to the person who dared take a punt on the ‘cheap’ Ferrari.

Stating on the thread he was “worried that my famous rose tinted shed buying specs were taking things just a bit too far this time” he won more kudos still for his frank appraisal of the state of his purchase. Which you can read here.

So, what was he thinking? “I was browsing the classifieds, as you do, and I don’t know what caught my eye about it … well, the price mainly I think!” he muses. “So I phoned the guy and he didn’t call back and then when the Harris story went up I thought ‘I’ve had it now’ and I thought I’d lost it but then the guy phoned me back. But by then the banter had started on the forums...”

Smells a bit musty but has scrubbed up OK
Smells a bit musty but has scrubbed up OK
Alarm bells and warning lights
The signs weren’t good either. “I must admit, from the advert it was just the sort of thing I’d never touch,” says Paul, speaking with the voice of a battle-hardened classifieds browser. “I like to see a car parked outside a nice house that’s been well cared for but these were possibly the worst photos for selling a car I’d ever seen. Then again I thought there’s no harm in going to see it.

"I met the guy from the advert and a friend of his called George and asked which of them was actually selling the car. When they said neither, that they were selling the car on behalf of the owner and George was there because he looked after it and knew its quirks, I was thinking 'this doesn’t sound right, walk away'. But the car was exactly as described in the advert and hadn’t even been washed.”

With most of the other 456s in the PH classifieds commanding double the £17K asking price, this particular car had ‘too good to be true’ written all over it. But a test drive confirmed it went as well as its history – fully stamped with Graypaul Ferrari until just three years ago – suggested it should and, before he knew it, a deposit was down and, shortly afterwards, he was there with a mate with a van and tow rope, “just in case!”

This was one of the major attractions
This was one of the major attractions
Walking the walk
So, with everyone telling him he’s mad how’s the reality?

Actually pretty pleasant it would seem. “I’m just going to drive it and figure things out as I go,” he says. “There are issues – the exhaust is blowing from the front a bit, the suspension light illuminates from time to time and those Primewall tyres are going to have to go.”

An exploratory drive to Yorkshire recently uncovered no nasty surprises though, those tyres even coping well with hacking across the moorland roads. Harris was right about the low teens mpg, though, but for a man with two V8s and a twin-turbo Skyline this’ll be nothing new. And though it still smells a little musty and bears a few of the war wounds it’s picked up along the way, a thorough de-lousing has gone a long way to recovering its former glory. Relaxing into the creamy leather, click-clacking that metal-topped gearlever through the gate and revelling in the deliciously smooth V12 delivery, Paul looks like a man very happy to have taken a punt on this old nag.

Just get out there and drive - and Paul has
Just get out there and drive - and Paul has
So, you knew you wanted to. And, without wishing to tempt fate, given Paul’s initial experiences a few more of us probably wish we had. But from us here at PH, a big salute to the man willing to put his money where his mouth is.

Dan Trent
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Author Discussion

sinbaddio

Original Poster:

388 posts

60 months

[news] 
Friday 25th May 2012 quote quote all
Good for him. My bro but a sub £30k F355 with 6 figure and in 18 months it has never missed a beat.

exgtt

1,571 posts

96 months

[news] 
Friday 25th May 2012 quote quote all
beer

Lifes too short

k-ink

5,671 posts

63 months

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Friday 25th May 2012 quote quote all
Kudos cool Hope it goes well in the long run.

doogz

22,746 posts

71 months

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Friday 25th May 2012 quote quote all
Nice one!

Hope it works out.

KennyGT

719 posts

94 months

[news] 
Friday 25th May 2012 quote quote all
Goodlad!

Brilliant name.

What a good lad for doing a lad thing and having the balls to buy it. Hats off.
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herebebeasties

294 posts

103 months

[news] 
Friday 25th May 2012 quote quote all
If it goes spectacularly pear-shaped, then hey - it's only money. ;-)

Betcha Paul won't lie there on his death bed thinking, "I wish I hadn't bought that V12 Ferrari".

ETA: To all those of you thinking, "it's a lovely sunny day - I should go and buy a sports car" - GO GO GO.

Benjaminbopper

135 posts

53 months

[news] 
Friday 25th May 2012 quote quote all
PLEASE give us an update in another 6 months...good luck to that man.

k-ink

5,671 posts

63 months

[news] 
Friday 25th May 2012 quote quote all
If it goes wrong just sell the ricer to cover it biggrin

johnpeat

4,162 posts

149 months

[news] 
Friday 25th May 2012 quote quote all
If he'd bought the VXR8 from new (as someone local to me did, along with an Insignia VXR!!) he'd have lost more in a year than he can possibly lose on this ever (unless he plans to turn it into a money pit) so where's the issue again??

C7 JFW

181 posts

103 months

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Friday 25th May 2012 quote quote all
WHAT a purchase. What spirit! That's more like it biggrin

We all avidly stay tuned.

DanDC5

8,600 posts

51 months

[news] 
Friday 25th May 2012 quote quote all
herebebeasties said:
If it goes spectacularly pear-shaped, then hey - it's only money. ;-)

Betcha Paul won't lie there on his death bed thinking, "I wish I hadn't bought that V12 Ferrari".

ETA: To all those of you thinking, "it's a lovely sunny day - I should go and buy a sports car" - GO GO GO.
Stop saying this stuff. I'm already avoiding going to view Elise's and asking about part ex's on the Integra as it is.

wackojacko

8,532 posts

74 months

[news] 
Friday 25th May 2012 quote quote all
Good man !

herebebeasties

294 posts

103 months

[news] 
Friday 25th May 2012 quote quote all
DanDC5 said:
herebebeasties said:
If it goes spectacularly pear-shaped, then hey - it's only money. ;-)

Betcha Paul won't lie there on his death bed thinking, "I wish I hadn't bought that V12 Ferrari".

ETA: To all those of you thinking, "it's a lovely sunny day - I should go and buy a sports car" - GO GO GO.
Stop saying this stuff. I'm already avoiding going to view Elise's and asking about part ex's on the Integra as it is.
I bought an Elise a few years back on a day much like today. One of the best decisions I've ever made. :-)

RichTBiscuit

403 posts

35 months

[news] 
Friday 25th May 2012 quote quote all
Great article.

I'm wondering what sort of person the previous owner was...... i mean, who lets a Ferrari get into that kind of state in the first place?!

chevronb37

5,899 posts

70 months

[news] 
Friday 25th May 2012 quote quote all
DanDC5 said:
herebebeasties said:
If it goes spectacularly pear-shaped, then hey - it's only money. ;-)

Betcha Paul won't lie there on his death bed thinking, "I wish I hadn't bought that V12 Ferrari".

ETA: To all those of you thinking, "it's a lovely sunny day - I should go and buy a sports car" - GO GO GO.
Stop saying this stuff. I'm already avoiding going to view Elise's and asking about part ex's on the Integra as it is.
Best thing you'll ever do. Buy a good'un and you'll not look back mate.

Sivraj

256 posts

75 months

[news] 
Friday 25th May 2012 quote quote all
A true PH hero!...beer
Well done for walking the walk and not just talking the talk!...

SirSamuelOfBuca

1,120 posts

41 months

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Friday 25th May 2012 quote quote all
good on him!

I live my life by one rule though

NEVER BUY A GREEN CAR


Kermit79

87 posts

31 months

[news] 
Friday 25th May 2012 quote quote all
I remember this car from my time at Graypaul. Was a car that had been used, and was properly run-in. I can attest to seeing the car in the workshop and having to park it up at night on a good few occasions. Always had a soft spot for these, this is not the more sought after Modificata model, but a genuine 160-180K car when new.

Just don't damage the front clam shell bonnet, seem to remember one of my collegues having a coming together with a ford at a junction, and a bonnet is/was approx 12k, lovely honeycomb construction! That was back in '02, so may have come down, but knowing Ferrari part stock levels they will be up there still, 'if' you can get hold of one.

As long as these are used and looked after they are no more scary than anything V12 from some of the competition. Windows mechs were a problem on the non-M cars not closing properly, along with the moving rear aero vallance spoiler. If memory serves me, something on damper settings used to play up (could be confusing this with another model, a while ago now).

Anyway, enjoy.

Edited by Kermit79 on Friday 25th May 13:41

Owlwood

131 posts

40 months

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Friday 25th May 2012 quote quote all
Awesome. Fortune favours the brave.

Traveller

1,893 posts

101 months

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Friday 25th May 2012 quote quote all
The line between brave and foolhardy is very thin, you are one or the other, we will know soon enough but this is certainly worth many, many, many, man points simply for doing it ! I salute you. Best of luck and enjoy the 12 cylinder dancing donkey.
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