How much for a 550 ???

[exboxster]

I've just seen an advert on bloomberg for a 1998 550 .
Now it's only done 9500 miles , which could start the whole "if you have it, why don't you drive" argument again, but the guy's asking 70,000 for it. That seems very steep to me, given that you can pick up a 03 575 for about 10k more.
Am I missing something or are they just hoping to appeal to collectors ?

[m raks]

i would have thought anything in concours condition would attract a premium, but how much over the market value is this one?!?!

[crikeymikey]

£70K seems a bit optimistic to me. Okay, it's low mileage, but there isn't the demand for the 550 that there used to be. It's been replaced by the 575 (twice) and now the 599 is about to be released, making it a 3 times redundant model. Front engined Fezzas depreciate like a stone (4 seaters are by far the worst)remember.
The 550 is a brilliant car, actually slightly better than the first itteration of the 575.
If it's sweet, I'd haggle. £70K is a bit rich (even with an extended warranty) and if you're not going to keep it (why wouldn't you though?) you'll lose money. If you intend to keep it the eventual purchase price isn't as important as condition, spec, etc.
It's a 'buyers market' on this one and don't let anyone tell you differently.
Good luck.

[Jonny5]

No 550 is worth 70 (ok well if it's a barchetta...)

575's are selling for 70k see the ads, a lovely car just sold for 71.5k

www.pistonheads.com/sales/list.asp?s=199


You could buy a 98 550 , albeit with more miles for 45k


>> Edited by Jonny5 on Friday 5th May 09:20

[crikeymikey]

Well said, Johnny.

Now why aren't you coming to Bolton Abbey? I have spys, you know!

[basher]

Sounds far too expensive to me

I bought a 15k late 2001 with every single factory option (shields,GT shelf fire extinguisher,yellow calipers,sports exhaust etc...)and it was mint for 67 last december. Colleague bought a 10k miler 2002 for 70k and that was mint - tell them to stuff it ....it will not sell...there are those in the market that never understand the difference between what they want for something adn market value - tht is a 55k car at the very very best.....IMHO

[Jonny5]

crikeymikey said:

Well said, Johnny. Now why aren't you coming to Bolton Abbey? I have spys, you know!

aaah crikeymikey=v10power

haven't got her yet

[crikeymikey]

Jonny5 said:

crikeymikey said: Well said, Johnny. Now why aren't you coming to Bolton Abbey? I have spys, you know! aaah crikeymikey=v10power haven't got her yet

Clever boy! Can't you make it with someone?

>> Edited by crikeymikey on Friday 5th May 11:29

[exboxster]

Cheers- that's what I figured. Sadly I'm not in the market for one, but keep an eye on values anyhow. I suppose it's just another case of someone with an over-inflated value of their car.

[COL87]

70k for a 550 on a 98 plate is outrageous, considering a 4-5 year newer 575 is around the same (70-80k). Low mileage it may be, but still doesn't warrant another 15-20ishk more than its worth!

[andy74b]

I agree the 550 isn't worth £70k, but this one is good as new. I know the seller and can vouch the car is mint. It's up on bloomberg for silly price because no rush to sell. Car is open to offers anf anyone thinking of one should have a look.

[sjw ferrari]

What kind of offer though when the most it's worth is early 50's, i don't think he's going to take 15k off the price, i was offered a mint 01 yreg with 7000miles FFSH for just over 60k, think he needs to reconsider his price if he wants to sell it...

[The red Devil]

If the car has not turned a wheel and is still in showroom condition you would not get 70k for it.