RE: The £17K Ferrari? I bought it...
Discussion
johnpeat said:
The biggest consistent source of ignorance around here is the belief that you can break a car and make money from bits.
Reality isn't like that (as anyone who's tried it will testify) - unless you're well-woven into the motor trade/specialist scene, you'll find it hard, time consuming and expensive to even try to sell car bits - in many cases you'll probably end-up worse-off than if you'd just scrapped it - in almost no cases will you make the silly sums people list the parts as being 'worth'.
It's easy to understand why - would you buy car parts from a random person "on the Internet" (or in the classifieds) - and even if you were to overcome that trust issue, how far will you travel/is it practical to mail them and how much would YOU pay??
That applies 100-fold on Ferrari bits of course...
Would be nice if people stopped repeating this fallacy - along with the "the numberplate is worth £[silly number] alone" one which is equally wrong-headed - reality for most people is that a broken car is £100-300 in the local scrapyard - perhaps a BIT more 'spares or repairs' on eBay (and all the hassle that entails).
shhhhhh you're currently spoiling the main excuse half of us use to justify buying potentially ruinous older barges etc. We know it's a load of old bReality isn't like that (as anyone who's tried it will testify) - unless you're well-woven into the motor trade/specialist scene, you'll find it hard, time consuming and expensive to even try to sell car bits - in many cases you'll probably end-up worse-off than if you'd just scrapped it - in almost no cases will you make the silly sums people list the parts as being 'worth'.
It's easy to understand why - would you buy car parts from a random person "on the Internet" (or in the classifieds) - and even if you were to overcome that trust issue, how far will you travel/is it practical to mail them and how much would YOU pay??
That applies 100-fold on Ferrari bits of course...
Would be nice if people stopped repeating this fallacy - along with the "the numberplate is worth £[silly number] alone" one which is equally wrong-headed - reality for most people is that a broken car is £100-300 in the local scrapyard - perhaps a BIT more 'spares or repairs' on eBay (and all the hassle that entails).
ks and the thing would be worth nothing more than a couple of hundred at the scrappy if something major goes wrong but it helps with the "justify to self" part of a major purchase, and for some it may also help with the "justify to wife" part too.tosh.brice said:
I did once - collected new from the main dealer as they closed for the weekend, put my rack and bicycle on the back, and ran out of fuel in 100 yd; and the rear wiper motor burnt out pushing silently against on the bike rack. Then all five mag wheels and the rear window were stolen overnight - the car left in the gutter, not even on bricks. Then on holiday a few months later I thought it was stolen until the police came to tell me it had been in an accident and carried away - some drunk in a tiny rustbox had pushed it up onto the kerb and into a wall, concertina-ing the whole body shell (his car fell apart and he was found by the police wandering down the road). The insurance company reckoned the body could be straightened but I managed to persuade them to write it off instead, and buy a different coloured car ...
wow some bad luck lol Edited by tosh.brice on Friday 25th May 15:42
I owned a V12 Ferrari in the 1980s for 4 years- a 365GT 2+2. Always needed something, cost about $5.00/mile to drive, but it was glorious fun, especially with that loud Monza exhaust. A pain to own, but I have never regretted it, as I can still hear and feel it in my mind, especially the times we spent alone together. Envy the man foolish enough to purchase one, for he's one step ahead of the rest.
Great purchase! The 4-seater V12 Ferraris really are the most useable of the bunch and far more satisfying than the V8-powered cafe racers that most first-time Ferrari buyers end up with. And with the new FF being so funny-looking the existing contingent of 456 owners may well decide they are worth holding onto for a bit longer
Doom Goblin here.
Sorry, to spoilt the fun, but to run this car properly would be ruinous. £17k is quite a lot of money to waste for most people. Mr. Goodlad needs his head looking at.
If I was him I would be driving around very gingerly, tightly clenched, thinking 8mpg, V12, cambelt, pop. £5k service.
Still, hats off I am secretly envoius, but I like my risks to be a bit more calculated...
Sorry, to spoilt the fun, but to run this car properly would be ruinous. £17k is quite a lot of money to waste for most people. Mr. Goodlad needs his head looking at.
If I was him I would be driving around very gingerly, tightly clenched, thinking 8mpg, V12, cambelt, pop. £5k service.
Still, hats off I am secretly envoius, but I like my risks to be a bit more calculated...
Catpuddle said:
Doom Goblin here.
Sorry, to spoilt the fun, but to run this car properly would be ruinous. £17k is quite a lot of money to waste for most people. Mr. Goodlad needs his head looking at.
If I was him I would be driving around very gingerly, tightly clenched, thinking 8mpg, V12, cambelt, pop. £5k service.
Still, hats off I am secretly envoius, but I like my risks to be a bit more calculated...
So with a proper tidy up and a full service including cambelts at £5k, its cost him £22.5k. Sorry, to spoilt the fun, but to run this car properly would be ruinous. £17k is quite a lot of money to waste for most people. Mr. Goodlad needs his head looking at.
If I was him I would be driving around very gingerly, tightly clenched, thinking 8mpg, V12, cambelt, pop. £5k service.
Still, hats off I am secretly envoius, but I like my risks to be a bit more calculated...
He has four cars so fuel economy is unlikely to be an issue.
Next question?
I'm with you in being envious, more so as given everything that we know, upside seems to outweigh downside at the moment.
sideways sid said:
So with a proper tidy up and a full service including cambelts at £5k, its cost him £22.5k.
Exactly. I'm sure he's not expecting 320d running costs for a once £150k+ V12 Ferrari. There will be bills. They won't be small. You know this going into such an ownership prospect. It's not like the numerous £35k+ examples are guaranteed to be expensive-fault free are they? He's just got an £18k head start on things. A brave punt sure, but if it wasn't we'd all have one in a heartbeat instead of something more "sensible".
Catpuddle said:
If I was him I would be driving around very gingerly, tightly clenched, thinking 8mpg, V12, cambelt, pop. £5k service.
I don't know anything about looking after Ferrari's and am quite probably naive but couldn't you keep it on the road with a mixture of DIY and taking it to a half decent local garage? Okay, you'd lose all sorts of value from most Ferrari's by not maintaining the right history but at this price do you care? You'd get a good chunk of your money back come sale time (if it doesn't go pop first)?I mean, how hard can it be to drop the oil and filter, push some new air filters in, and change the plugs? I'm sure it's not rocket science to change discs and pads, exhaust parts, press new bushes in either. Replacement parts will cost I'm sure but items that aren't consumables could be repaired. I just can't comprehend the idea of a £5k service, does not compute.
good post in my opinion. Most modern manufacturers allow you to use thrd party garages so long as you use genuine service pats, OK, that's to do with keeping warrantee validity but if it's good for new cars it's good for older ones too. I'd be interested (hypathetically) to see how much money would be lost by not having a full service history vs having one?
XJ40 said:
I don't know anything about looking after Ferrari's and am quite probably naive but couldn't you keep it on the road with a mixture of DIY and taking it to a half decent local garage? Okay, you'd lose all sorts of value from most Ferrari's by not maintaining the right history but at this price do you care? You'd get a good chunk of your money back come sale time (if it doesn't go pop first)?
I mean, how hard can it be to drop the oil and filter, push some new air filters in, and change the plugs? I'm sure it's not rocket science to change discs and pads, exhaust parts, press new bushes in either. Replacement parts will cost I'm sure but items that aren't consumables could be repaired. I just can't comprehend the idea of a £5k service, does not compute.
I mean, how hard can it be to drop the oil and filter, push some new air filters in, and change the plugs? I'm sure it's not rocket science to change discs and pads, exhaust parts, press new bushes in either. Replacement parts will cost I'm sure but items that aren't consumables could be repaired. I just can't comprehend the idea of a £5k service, does not compute.
cjb1 said:
I just can't comprehend the idea of a £5k service, does not compute.
My 993 had a few £5k services in it's day, and that's nowhere near V12 Ferrari league.The way it works is as follows.
Basic cost of service say £500. Then anything else that wants doing slap an enormous premium on. So, the pads, discs, you mention plus tyres could easily cost £3 grand, plus a little bit of aircon fettling, a radiator or two and a clutch and suddenly your looking north of £10k. Sorry, to run these cars properly are ridiculously expensive. If you just want to put it in the garage and look at it, that's fine. But drive it anywhere and you'll need shares in a bank. Brakes are not like a focus, or an old landrover, DIY for a few hundred. No. Sorry.
Sorry, Catpuddle, but brakes, in particular, are very similar to any other hydraulically braked modern car with discs and calipers...
The calipers and discs may be bigger and more expensive, but the basic bits and procedures are identical...
Personally I'd be more worried about servicing the electical bits and perhaps the engine. However, I'm sure it wouldn't be too hard to do on a DIY basis.
The calipers and discs may be bigger and more expensive, but the basic bits and procedures are identical...
Personally I'd be more worried about servicing the electical bits and perhaps the engine. However, I'm sure it wouldn't be too hard to do on a DIY basis.
456s aren't ruinous to run, providing nothing goes 'bang'.
Let me rephrase that.
ALL MOTOR CARS aren't ruinous to run, providing nothing goes 'bang'.
There are few cars that are true wallet busters - there are a few cheap-as-chips repmobiles that cost £400 a year to tax and do 20mpg. Fuelling, taxing and insuring a V12 supercar that once was THE MOST EXPENSIVE ROAD CAR IN THE WORLD shouldn't add up to more than the costs of a decent petrol 5-series.
£17k for a manual 456 is amazing value. Even if something goes bang he's well in the money. Call this transaction what you like, but the thing that cannot be argeud is that it is amazing financial sense.
Let me rephrase that.
ALL MOTOR CARS aren't ruinous to run, providing nothing goes 'bang'.
There are few cars that are true wallet busters - there are a few cheap-as-chips repmobiles that cost £400 a year to tax and do 20mpg. Fuelling, taxing and insuring a V12 supercar that once was THE MOST EXPENSIVE ROAD CAR IN THE WORLD shouldn't add up to more than the costs of a decent petrol 5-series.
£17k for a manual 456 is amazing value. Even if something goes bang he's well in the money. Call this transaction what you like, but the thing that cannot be argeud is that it is amazing financial sense.
Catpuddle said:
My 993 had a few £5k services in it's day, and that's nowhere near V12 Ferrari league.
The way it works is as follows.
Basic cost of service say £500. Then anything else that wants doing slap an enormous premium on. So, the pads, discs, you mention plus tyres could easily cost £3 grand, plus a little bit of aircon fettling, a radiator or two and a clutch and suddenly your looking north of £10k. Sorry, to run these cars properly are ridiculously expensive. If you just want to put it in the garage and look at it, that's fine. But drive it anywhere and you'll need shares in a bank. Brakes are not like a focus, or an old landrover, DIY for a few hundred. No. Sorry.
Shares in a bank? Sounds like another money pit in itself to me!!! Please don't anyone take any financial advice from Mr Catpuddle...The way it works is as follows.
Basic cost of service say £500. Then anything else that wants doing slap an enormous premium on. So, the pads, discs, you mention plus tyres could easily cost £3 grand, plus a little bit of aircon fettling, a radiator or two and a clutch and suddenly your looking north of £10k. Sorry, to run these cars properly are ridiculously expensive. If you just want to put it in the garage and look at it, that's fine. But drive it anywhere and you'll need shares in a bank. Brakes are not like a focus, or an old landrover, DIY for a few hundred. No. Sorry.
Back to the thread - OP you are a L E G E N D. Good luck to you.
Catpuddle said:
Brakes are not like a focus, or an old landrover, DIY for a few hundred. No. Sorry.
Are you sure? Brembo and EBC are decent enough quality, I'd be quite happy to fit these. Can't see it being that hard to take the discs off the hub or unbolt the calipers.http://www.ebay.co.uk/itm/BREMBO-FRONT-BRAKE-DISCS...
http://www.ebay.co.uk/itm/EBC-YELLOWSTUFF-FERRARI-...
Edited by XJ40 on Tuesday 29th May 17:21
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