Ferrari 550 Maranello: You Know You Want To
Well with nearly 100,000 miles you can just get on with driving it, right?
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.
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!
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.
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?!
http://www.pistonheads.com/gassing/topic.asp?t=115...
Makes the 550 price look stratospheric!
http://www.pistonheads.com/gassing/topic.asp?t=115...
Makes the 550 price look stratospheric!
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.
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
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.
£38k for 109k miles.
£38k for 109k miles.
Nuts.
£38k for 109k miles.
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.
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.
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
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
Gassing Station | General Gassing | Top of Page | What's New | My Stuff