RE: The £17K Ferrari? I bought it...
Discussion
Thanks for the enquiries as to the well being of the 456, it has indeed been been dry stored for the winter but is scheduled to emerge very soon. When it does it will have the centre exhaust boxes replaced by some Bradan straight pipes that i bought off a fellow PH'er last year. Will make sure I post up a quick vid of how it aounds... Watch this thread 😉
Hard to believe it is over 3 years since I took the plunge... so far so good.. although a pesky misfire on one cylinder after it emerged from winter storage proved tricky to pin point. Turned out to be a dodgy contact on ECU and while on the diagnostics machine a slight leak on inlet manifold was spotted so that sorted too all ready for the pilgrimage to Le Mans on Thurs... today was a perfect day for pre-trip prep.
Bradan pipes add a subtle but slightly tone so much happier with the sounds ;-) Bloomin CD player playing up again though :-(
Bradan pipes add a subtle but slightly tone so much happier with the sounds ;-) Bloomin CD player playing up again though :-(
Edited by paulg390 on Sunday 7th June 19:27
Evening all, thanks for the "bump".... can't believe that it is over a year since I lasted posted on the 456, and now it is over 4 years since I took the plunge. By coincidence I have just been out on a 300 mile round trip today in it and all went well, even the suspension light stayed out for the whole trip . It certainly is a great GT car.
But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.
The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment
But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.
The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment
TR4man said:
I've just read this from the first to last post - what a great read! I certainly don't have your courage (or deftness!) to buy a cheap neglected supercar.
Would love to see some photos of how it looks now.
With 0.25% base rate plus devalued £ heat coming off housing market is say you'd be more likely than not to win £ wise. Would love to see some photos of how it looks now.
paulg390 said:
Evening all, thanks for the "bump".... can't believe that it is over a year since I lasted posted on the 456, and now it is over 4 years since I took the plunge. By coincidence I have just been out on a 300 mile round trip today in it and all went well, even the suspension light stayed out for the whole trip . It certainly is a great GT car.
But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.
The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment
Thanks for the update OP! But jeez it is thirsty esp with aircon on at full blast, reckon about 18 mpg today. Since the last update it has flown through its latest MOT although it was close on emissions, maybe due to the Bradan pipes ? Just seen a pair of cats on eBay for £200 and wondering about buying them... just in case... In the spirit of my original intention.of continuous improvement I have had the seats cleaned and refurbished in crema and they look amazingly good now, makes a huge difference to "first impressions" when you open the doors. Sadly this has highlighted that the front carpet mats now look they need a refresh.
The values for 456s definitely seem on the up, no doubt being dragged up by the more desirable ones (and Porsches ?) going stratospheric, and a few recent articles in the classic car mags singing their praises can't have done any harm, and so spending a few quid on improving it seems less "risky" than before. I do keep pondering if a full respray would now be worthwhile, but to be honest because it has a few marks here and there I feel less precious about it and am more likely to use it... If that makes sense.
So yes still enjoying a "cheap" Ferrari and not worrying too much about depreciation at the moment
456 values can surely only go one way - given that they must be the last front-engined naturally aspirated V12 Ferrari with 3 pedals and a manual gearbox, complete with the metal gate for the gear-lever!
Fantastic car - I hope you keep enjoying it so I can read the updates!
If only Euromillions would draw the right numbers - I would buy one straight away!
Keep enjoying it, and hopefully keep us updated - terrific thread!
Mr Tidy said:
456 values can surely only go one way - given that they must be the last front-engined naturally aspirated V12 Ferrari with 3 pedals and a manual gearbox, complete with the metal gate for the gear-lever!
Apart from the 575, 612 and the 599. I think all V12 manual Ferraris will hold their value pretty well though.
hairykrishna said:
Apart from the 575, 612 and the 599.
I think all V12 manual Ferraris will hold their value pretty well though.
There will always be cycles boom and busts - I'm pretty sure 0.25% and very long term low rates will help keep values firm / devalued £ will also make it cheaper for overseas buyers so opening up more demand. I think all V12 manual Ferraris will hold their value pretty well though.
I have to say not much beats a lovely V12 they are pretty special and relatively rare.
Not sure why everyone is obsessing over the value of the car? I thought this was pistonheads, not investors weekly and while I'm sure the OP is happy that his car has gone up in value, the turning of these cars into assets really helps no one except those who aren't really interested in cars in the first place.
If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.
If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.
Well that's bullst. If a petrol head really wanted one, he could have had one a few years ago for £35k.
I'm not one to overly care about appreciation or whatever, but if a car lifts out of your budget, you simply have to look elsewhere.
Or have the courage of your conviction to buy it when you think they're low, like the OP did.
I'm not one to overly care about appreciation or whatever, but if a car lifts out of your budget, you simply have to look elsewhere.
Or have the courage of your conviction to buy it when you think they're low, like the OP did.
Guvernator said:
Not sure why everyone is obsessing over the value of the car? I thought this was pistonheads, not investors weekly and while I'm sure the OP is happy that his car has gone up in value, the turning of these cars into assets really helps no one except those who aren't really interested in cars in the first place.
If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.
You're absolutely right. However, i think you've kinda missed the point with the whole thread.If a petrolhead wants to own a Ferrari 456, you know to actually drive and enjoy, they now have to find £100k which is well beyond the means of most and means Ferrari ownership which might previously have been a possibility is now a pipe dream. Even if you have the money the rising values invariably mean they are tucked away rather then taken out and enjoyed as they were meant to. I'm really not sure why as PH'ers we seem to be happy about that.
It's all about taking the plunge. Buying a car with such a badge as Ferrari for such a relatively small amount of cash is something which appears to be frowned upon. This thread builds up the hope that there are real bargains and opportunities out there that people just don't commit to in fear of it costing them a fortune.
OP did just that and it turned out to be a good bet. Obviously, it doesn't always go this way but that's just the gamble you take. It appears OP has enjoyed and used the car as he should and did not just buy it to make a profit. But, the fact that he most likely will do, is a good enough reason to prove the general consensus wrong.
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