RE: Ferrari 550 Maranello: You Know You Want To

RE: Ferrari 550 Maranello: You Know You Want To

Tuesday 4th October 2016

Ferrari 550 Maranello: You Know You Want To

Well with nearly 100,000 miles you can just get on with driving it, right?



There appears to be a growing number of glorious cars simply not being driven anywhere near enough. Perhaps it's due to social media making us more aware of these cars or perhaps we really are spending too long in the classifieds but, whatever the reason, extremely low mileage cars do keep cropping up.

Who will take it into six figures?
Who will take it into six figures?
They're becoming the more collectible cars too, and so the vicious circle continues. People see low mileage cars sell for more money, they don't use theirs, the cars don't get seen and the values climb. To see such engineering efforts and, typically, such great cars, be traded like antiques seems rather a shame.

Moreover, modern cars are tougher than they used to be; they can be used more extensively with less concern. Cars are there to be driven at the end of the day, so why not embrace it? You never know, you might actually enjoy it...

Which is a roundabout way of drawing attention to this Ferrari 550 Maranello. It was a very significant car for Ferrari, the 550M, principally because it marked a return to the front-engined V12 GT abandoned for so long during the mid-engined boxer years. And, well, Ferrari hasn't looked back since: 575 replaced 550, after which there was 599 and now F12. All front-engined, rear-driven V12s.

But the 550M was the first, and also the last manual-only Ferrari V12; collectors began to realise its importance a couple of years ago, pushing values up beyond the £40K they lingered at for so long to comfortably beyond £100,000. Which of course means owners are even less likely to use them, as Maranellos become worth more money.

Bordeaux leather as well? Lovely
Bordeaux leather as well? Lovely
There's another way, however. This 550 Maranello, one of just 457 right-hand drive cars, is £80,000. Why? Because it has 96,000 miles. Some will shirk at this figure but, for a buyer who actually wants to enjoy the car, should it be a concern? It does at least mean it can be driven and enjoyed without concern for values.

Certainly the PH Buying Guide suggests they're tough as Ferraris go, with the usual provisos of checking for electrics, rust and regular maintenance. Cambelts, for example... But with such regular use (and a full service history), the common issues that afflict 550s must surely have been dealt with now, and there's hardly any danger of anything having seized through lack of use.

It looks presentable too. The driver's seat bolster has worn but, on the whole, the paint, wheels and leather appear in good condition. Again, with the mileage, it doesn't need to be kept in concours condition. It needs to be enjoyed!

The last sub-£100K Maranello?
The last sub-£100K Maranello?
96,000 miles is still only an average of 5K a year, which is hardly ludicrous. What must be ludicrous is the amount of money spent on fuel, given 550s had an average combined figure of 12mpg... Still, when have Ferraris been cheap to run?

There's a reason why the 550 Maranello is so well regarded, and it isn't as a static garage object. It's because it was fast, exciting and fantastic to drive. With this particular one there's no reason not to discover what all the fuss is about. Go on...


FERRARI 550 MARANELLO
Price:
£79,995
Why you should: One of Ferrari's finest, begging to be enjoyed some more
Why you shouldn't: Selling it on again? You could just keep it...

See the original advert here.

Author
Discussion

shortar53

Original Poster:

548 posts

273 months

Tuesday 4th October 2016
quotequote all
At an average of a fiver a gallon (way optimistic), you're looking at £40k in fuel.

Ouch!

PistonBroker

2,419 posts

226 months

Tuesday 4th October 2016
quotequote all
Love it. The idea of taking a Ferrari into 6 digits sounds great.

I remember reading in Autocar about a chap who'd taken his F360 well into the 100ks. As the article says - they're there to be used.

I appreciate the value argument but wouldn't you prefer to recount tales of thrashing a Ferrari around rather than how you left it in your garage for 10 years and then doubled your money?!

Dave Hedgehog

14,555 posts

204 months

Tuesday 4th October 2016
quotequote all
why you shouldnt: its 80 grand, 99.9% of people dont spend 80k on a car lol

hornetrider

63,161 posts

205 months

Tuesday 4th October 2016
quotequote all
Weren't these in the 40s a couple of years back??

Jez m

813 posts

195 months

Tuesday 4th October 2016
quotequote all
hornetrider said:
Weren't these in the 40s a couple of years back??
That's what i thought! I'm sure there was a guy on here who bought a similar high milage car for around that price and wrote a long piece on it...

lauda

3,476 posts

207 months

Tuesday 4th October 2016
quotequote all
Jez m said:
That's what i thought! I'm sure there was a guy on here who bought a similar high milage car for around that price and wrote a long piece on it...
Not sure if this is the one you mean but this chap bought a £17k 456:

http://www.pistonheads.com/gassing/topic.asp?t=115...

Makes the 550 price look stratospheric!

brogenville

931 posts

201 months

Tuesday 4th October 2016
quotequote all
If/when the price crash arrives, it's the high miler cars like this that will be hit first and hit hardest.

Adz The Rat

14,084 posts

209 months

Tuesday 4th October 2016
quotequote all
One of the best Ferrari's, great colour combination too.

Glad to see its been used, just perfect for jumping in and blasting down to souther Spain.

LayZ

1,629 posts

242 months

Tuesday 4th October 2016
quotequote all
Its nice but...

This or two Maser Granturismos?

Jez m

813 posts

195 months

Tuesday 4th October 2016
quotequote all
lauda said:
Not sure if this is the one you mean but this chap bought a £17k 456:

http://www.pistonheads.com/gassing/topic.asp?t=115...

Makes the 550 price look stratospheric!
Ah, thats the one. Not a 550 then! boxedin

Durzel

12,270 posts

168 months

Tuesday 4th October 2016
quotequote all
hornetrider said:
Weren't these in the 40s a couple of years back??
Quite possibly. Prices have gone rather bonkers on classic Ferraris these last few years.

As remarked above when/if the correction comes it's cars like this that will be hit the hardest. That being said people have been predicting a crash for at least as long as prices have been on the rise, so...

Personally I can't shake the fact that at £80k it has a lot of competition, albeit without a Ferrari badge. £80k as near as dammit buys you an early Aston DBS, for example.

Guvernator

13,156 posts

165 months

Tuesday 4th October 2016
quotequote all
Dave Hedgehog said:
why you shouldnt: its 80 grand, 99.9% of people dont spend 80k on a car lol
Agreed it's still far in excess of what a lot of people could spend on a car so who is the target audience? Collectors won't touch it because of the mileage and a person who could afford to blow £80k on a Ferrari to drive around could probably come up with a bit more money and buy one with a 3rd of the mileage.

I haven't even mentioned maintenance costs, at 100k miles major components like the suspension will be worn and need replacing so even if you are handy with the spanners, parts prices will be eye watering.

A few years ago this would have been worth £30k, at that price it may just have been worth a punt. I know anything vaguely interesting from this era has inexplicably rocketed in value but £80k for a basically unsellable Ferrari with 100k on the clock, just where is the value? I suspect the seller will be waiting a while

LP670

822 posts

126 months

Tuesday 4th October 2016
quotequote all
Durzel said:
Quite possibly. Prices have gone rather bonkers on classic Ferraris these last few years.

As remarked above when/if the correction comes it's cars like this that will be hit the hardest. That being said people have been predicting a crash for at least as long as prices have been on the rise, so...

Personally I can't shake the fact that at £80k it has a lot of competition, albeit without a Ferrari badge. £80k as near as dammit buys you an early Aston DBS, for example.
Spot on or a brand new nissan gtr if looking for performance thrills.

thegreenhell

15,346 posts

219 months

Tuesday 4th October 2016
quotequote all
Jez m said:
hornetrider said:
Weren't these in the 40s a couple of years back??
That's what i thought! I'm sure there was a guy on here who bought a similar high milage car for around that price and wrote a long piece on it...
http://www.pistonheads.com/gassing/topic.asp?t=115...

£38k for 109k miles.


hornetrider

63,161 posts

205 months

Tuesday 4th October 2016
quotequote all
thegreenhell said:
Jez m said:
hornetrider said:
Weren't these in the 40s a couple of years back??
That's what i thought! I'm sure there was a guy on here who bought a similar high milage car for around that price and wrote a long piece on it...
http://www.pistonheads.com/gassing/topic.asp?t=115...

£38k for 109k miles.
That's the one.

Nuts.

Guvernator

13,156 posts

165 months

Tuesday 4th October 2016
quotequote all
thegreenhell said:
Jez m said:
hornetrider said:
Weren't these in the 40s a couple of years back??
That's what i thought! I'm sure there was a guy on here who bought a similar high milage car for around that price and wrote a long piece on it...
http://www.pistonheads.com/gassing/topic.asp?t=115...

£38k for 109k miles.
Lol that was a scant 4 years ago and there were people in that thread saying it was still overpriced and I would have agreed although it looks like the purchaser did get some money off.

It's amazing how a bit of market manipulation can reset peoples value perceptions. I bet there will be people who'd be ready to defend to the death the idea of these cars at 6 figures now. wobble

Vitorio

4,296 posts

143 months

Tuesday 4th October 2016
quotequote all
Lovely car, but 80K for a 550?

you can buy a brand spanking new Maserati GT for 83K, sure, its "only a v8", and the trident is less prestigious then the prancing horse, but i would get the Maser any day.

  • saunters off to look at second hand masers*

998420

901 posts

151 months

Tuesday 4th October 2016
quotequote all
Durzel said:
Quite possibly. Prices have gone rather bonkers on classic Ferraris these last few years.

As remarked above when/if the correction comes it's cars like this that will be hit the hardest. That being said people have been predicting a crash for at least as long as prices have been on the rise, so...

Personally I can't shake the fact that at £80k it has a lot of competition, albeit without a Ferrari badge. £80k as near as dammit buys you an early Aston DBS, for example.
OK, competition, with a Ferrari badge....

http://www.pistonheads.com/classifieds/used-cars/f...

A V12 Ferrari, front engined, 2009, 25K

If you want a V12, to use.. IMO you would have to be mad to buy the 550, much though I love them

smilo996

2,793 posts

170 months

Tuesday 4th October 2016
quotequote all
Prefered the 456 but it is a beauty.

Love the uncluttered pre F1 inspired interior.

jeremyc

23,468 posts

284 months

Tuesday 4th October 2016
quotequote all
998420 said:
OK, competition, with a Ferrari badge....

http://www.pistonheads.com/classifieds/used-cars/f...

A V12 Ferrari, front engined, 2009, 25K

If you want a V12, to use.. IMO you would have to be mad to buy the 550, much though I love them
That's not a V12 - the California has a V8. It also doesn't have a manual 'box. wink