Why are Ferrari 456s so cheap?

Why are Ferrari 456s so cheap?

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Discussion

Welshbeef

49,633 posts

200 months

Friday 29th July 2011
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Gad-Westy said:
threesixty said:
17,300 apparently. £2.42 a mile, ouch!
If somebody asked me right now if I'd like to drive 10 miles in a Ferrari 456 for £24.42, I'd rip their arm off!
Its not an every day car for sure.
It will never lose any more value than its current market value is really.

At the end of the day it is a car - at the £20k level if you were handy with a spanner or knew a good local garage they could service it for you. Sure you'd lose the gold plated FFSH but Meh if it costs £5k a year min main dealer vs a 10th of that at a corner garage.....

Discs & Pads - anyone can do.
New Shocks.... long weekend with all the tools
Cambelt.... tricky.
Exhaust - get a stainless steel custom made one for £600
Electrics.... how much would a complete new loom & modern ECU cost for the car? If you know that if it goes funky rip it out then get the reliable kit in.

Liokault

2,837 posts

216 months

Friday 29th July 2011
quotequote all
If the quoted parts prices are correct, there must be a huge profit in buying 456's and stripping them?

Cheapest one on AT is £25000, bit og a haggle = £22000

Bonnet= $8000
Asorted trim = £4000?
Engine (its "only" 74k) £8000?
Grear box £5000?

If you can get anywhere near that, its the initial outlay covered and you still have most of the body panels.

hairykrishna

13,234 posts

205 months

Friday 29th July 2011
quotequote all
Liokault said:
If the quoted parts prices are correct, there must be a huge profit in buying 456's and stripping them?

Cheapest one on AT is £25000, bit og a haggle = £22000

Bonnet= $8000
Asorted trim = £4000?
Engine (its "only" 74k) £8000?
Grear box £5000?

If you can get anywhere near that, its the initial outlay covered and you still have most of the body panels.
It does depend a bit on how long it takes you to shift those bits though, doesn't it? I can't imagine that there's huge volume in the 2nd hand 456 spares market.

Shnozz

27,649 posts

273 months

Friday 29th July 2011
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Top form Martin, top form.

Liokault

2,837 posts

216 months

Friday 29th July 2011
quotequote all
hairykrishna said:
It does depend a bit on how long it takes you to shift those bits though, doesn't it? I can't imagine that there's huge volume in the 2nd hand 456 spares market.
Well, if I were doing it, I would put an ad on here offering parts for sale, then when I had enough interest, buy a car and strip.

mat205125

17,790 posts

215 months

Friday 29th July 2011
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Chrisw666 said:
I'd also guess that the kind of person who want to buy used parts isn't the kind of person who buys a V12 Ferrari.
Conversely, I'd guess that the person who sources used parts for their car, is a perfectly normal and sensible person who recognises that there are sensible ways to economically run premium cars (or indeed their normal cars) on a 9-to-5 workers salary.

As mentioned before by someone else, the cost of a crated engine from a main dealer for any car on the road is going to send the vast majority of private owners of cars to a breakers rather than a main dealer .... When the diff on my M3 became noisy earlier this year, it was much more cost effective to source a unit with half the miles from a breaker, and fit it on my drive with fresh oil (less than £500 all in), than pay the main dealer about £2500 plus fitting plus VAT.

V12 Ferraris (or a 911, or a 355, or an Esprit, or a .....) are not just for footballers to snort coke off of the dashboard, then violate some nieve scouse 17 year old ..... "normal" people can enjoy them too if they are smart with their cash, vigilent with their servicing, and being pretty handy with a spanner helps too.



mat205125

17,790 posts

215 months

Friday 29th July 2011
quotequote all
Welshbeef said:
Electrics.... how much would a complete new loom & modern ECU cost for the car? If you know that if it goes funky rip it out then get the reliable kit in.
That's the spirit! yes

You could have the car running Motec, individual throttle bodies, with a custom loom with military connectors, for "sensible" money ..... It might even liberate a few more horses, and decibels cloud9

Liokault

2,837 posts

216 months

Friday 29th July 2011
quotequote all
mat205125 said:
Conversely, I'd guess that the person who sources used parts for their car, is a perfectly normal and sensible person who recognises that there are sensible ways to economically run premium cars (or indeed their normal cars) on a 9-to-5 workers salary.

As mentioned before by someone else, the cost of a crated engine from a main dealer for any car on the road is going to send the vast majority of private owners of cars to a breakers rather than a main dealer .... When the diff on my M3 became noisy earlier this year, it was much more cost effective to source a unit with half the miles from a breaker, and fit it on my drive with fresh oil (less than £500 all in), than pay the main dealer about £2500 plus fitting plus VAT.

V12 Ferraris (or a 911, or a 355, or an Esprit, or a .....) are not just for footballers to snort coke off of the dashboard, then violate some nieve scouse 17 year old ..... "normal" people can enjoy them too if they are smart with their cash, vigilent with their servicing, and being pretty handy with a spanner helps too.
That is a great post!


For me the biggest reason not to go for a 456 is how cheap 550's are getting.