550 Maranello article - they'll be Β£200k before you know it!

550 Maranello article - they'll be Β£200k before you know it!

Author
Discussion

roygarth

Original Poster:

2,668 posts

205 months

Wednesday 3rd December 2014
quotequote all
I started this thread 7 months ago as a joke, but £200K is getting closer....

http://www.pistonheads.com/classifieds/used-cars/f...

Come on you beauty!





Edited by roygarth on Wednesday 3rd December 10:19

bertie

8,216 posts

241 months

Wednesday 3rd December 2014
quotequote all
Interesting spec, blue with red.....

What would this make a manual 575 worth I wonder?

DeltaOne

537 posts

170 months

Wednesday 3rd December 2014
quotequote all
bertie said:
Interesting spec, blue with red.....

What would this make a manual 575 worth I wonder?
Whatever someone will pay for it. Advertising this car at insane money is a long way from selling it for insane money...... before anyone says it I realise I'm a cynic but would rather call it the benefit of sometimes painful experience.

bertie

8,216 posts

241 months

Wednesday 3rd December 2014
quotequote all
DeltaOne said:
Whatever someone will pay for it. Advertising this car at insane money is a long way from selling it for insane money...... before anyone says it I realise I'm a cynic but would rather call it the benefit of sometimes painful experience.
Very true, I'm with you, there seem to be some very ambitous prices being asked for various things.

Some might call it trying it on...

MogulBoy

2,485 posts

180 months

Wednesday 3rd December 2014
quotequote all
That 2,500 mile 550 is still POA on Furlonger’s own site but they have chosen to spice up the PH Classifieds by showing their cards [at £159k]. Perhaps this is because they don’t want to pollute their own website with what could prove to be a sticky price.

As to the question “What would this make a manual 575 worth I wonder?” Can’t see any correlation unless you could show me a 2,500 mile RHD 575M Manual in Blue/Burgundy. If so, I would choose the 550 because even though the 575M *could be* a better drivers’ car (e.g. if it was a late model/FHP/HGTC car), you don’t pay a premium for a low miles car to actually drive it and on that basis, I would say that the 550 should, by rights, be valued higher on the basis that the original is best.

P.S. I seem to recall that Furlonger listed a manual 575M at £130k in the summer and perhaps it found a new home at that level but there are some other sticky cakes out there that may need re-heating…

£115k RHD 575M HGTC (listed early summer 2014?)
http://www.exeter.ferraridealers.com/en_gb/used/20...

£99k LHD early 575M Manual (listed late summer 2014?)
http://www.dkeng.co.uk/ferrari-sales/457/Prestige_...

£99k RHD 550 at Autofficina (listed early October’14)
http://www.pistonheads.com/classifieds/used-cars/f...



Edited by MogulBoy on Wednesday 3rd December 13:58

bertie

8,216 posts

241 months

Wednesday 3rd December 2014
quotequote all
MogulBoy said:
That 2,500 mile 550 is still POA on Furlonger’s own site but they have chosen to spice up the PH Classifieds by showing their cards [at £159k]. Perhaps this is because they don’t want to pollute their own website with what could prove to be a sticky price.

As to the question “What would this make a manual 575 worth I wonder?” Can’t see any correlation unless you could show me a 2,500 mile RHD 575M Manual in Blue/Burgundy. If so, I would choose the 550 because even though the 575M *could be* a better drivers’ car (e.g. if it was a late model/FHP/HGTC car), you don’t pay a premium for a low miles car to actually drive it and on that basis, I would say that the 550 should, by rights, be valued higher on the basis that the original is best.

P.S. I seem to recall that Furlonger listed a manual 575M at £130k in the summer and perhaps it found a new home at that level but there are some other sticky cakes out there that may need re-heating…

£115k RHD 575M HGTC (listed early summer 2014?)
http://www.exeter.ferraridealers.com/en_gb/used/20...

£99k LHD early 575M Manual (listed late summer 2014?)
http://www.dkeng.co.uk/ferrari-sales/457/Prestige_...

£99k RHD 550 at Autofficina (listed early October’14)
http://www.pistonheads.com/classifieds/used-cars/f...



Edited by MogulBoy on Wednesday 3rd December 13:58
I don't buy this idea that Ferrari spent years developing the 550 into the 575 and failed to improve it.

To be fair, of the 3 examples, first one is F1 not manual, second is LHD and third is a 550 not a 575 so none of them correlate really.

Having driven both I'd say a 575 with FHP is a nice thing than a 550, but maybe that's personal.


Edited by bertie on Wednesday 3rd December 17:30

MogulBoy

2,485 posts

180 months

Wednesday 3rd December 2014
quotequote all
This thread is primarily about 550 Maranello asking prices (or values if you must) and such matters generally all boil down to supply and demand, not what's best or perceived to be the best from a technical perspective - otherwise why would anybody value a Daytona higher than a Maranello etc. etc. On top of all that, there's always plenty of room for irrational exuberance!

I appreciate that the 550/575M Manual comparison is tempting but my point is that super low miles 550's are 'potentially' rarer than Manual 575M's (regardless of mileage) but it's still difficult to draw an objective comparison between two such cars without knowing the detailed specification/colour/condition and mileage of two specific examples.





















Bluebottle911

769 posts

152 months

Thursday 4th December 2014
quotequote all
One might argue that this is to all intents and purposes a new car at original list price. So:

1. That seems a reasonable basis on which to value it at that figure.
2. There is no reason not to buy it with the intention of driving it - lots of customers did 15 years ago, so why not now?

mon the fish

1,090 posts

105 months

Thursday 4th December 2014
quotequote all
Because lots of 15 year old bits that have been doing nothing the last few years will need fixing/sorting I'd imagine - hoses, seals etc.

If you're buying one to use, you'd be wasting your money on that one IMO

jtremlett

913 posts

179 months

Thursday 4th December 2014
quotequote all
mon the fish said:
Because lots of 15 year old bits that have been doing nothing the last few years will need fixing/sorting I'd imagine - hoses, seals etc.

If you're buying one to use, you'd be wasting your money on that one IMO
Except I'm not sure that is true in this case since the car has been (or at least appears to have been) serviced continually and presumably anything that needs doing like that would have been done.

Jonathan

Bluebottle911

769 posts

152 months

Friday 5th December 2014
quotequote all
jtremlett said:
xcept I'm not sure that is true in this case since the car has been (or at least appears to have been) serviced continually and presumably anything that needs doing like that would have been done.

Jonathan
Yes, very unusual in that respect. Clearly the owner cared a lot about his car if he took the trouble to stick so religiously to the servicing schedule despite such low usage.

roygarth

Original Poster:

2,668 posts

205 months

Friday 5th December 2014
quotequote all
mon the fish said:
Because lots of 15 year old bits that have been doing nothing the last few years will need fixing/sorting I'd imagine - hoses, seals etc.
I bought a 550 a couple of years ago with 8k miles on the clock. It had been similarly un-used for a few years prior. I had a big service carried out at purchase - it needed nothing not on the schedule. Since then and 3000 miles it has performed faultlessly, with no 'sitting around' related problems. Its had another annual service and needed nothing beyond the schedule.

Maybe I've been lucky, but I was told by a Ferrari Specialist (not the vendor!) that this is a model that does not suffer from a sitting around.

On reflection, nor does my 10,000 mile 2CV! Its been in an air-chamber for 10 years. Every 6 months I take it out for a 1 hour drive around, I change the oil every 2/3 years and put an anti-corrosion additive in the fuel tank - so far no problems! smile









MogulBoy

2,485 posts

180 months

Friday 5th December 2014
quotequote all
£160k in 2000 is circa £240k in today's money so one could argue that this virtually-new old stock car is up for sale at a 1/3rd discount to its new price spin

Trouble is, adding 10,000 miles might knock 50% off its market value.

P.S. as for the colour scheme... It certainly works on this 250SWB!

http://www.coachtrimmers.com/interior_details.aspx...

Perhaps Furlonger should track down the owner and see if he would be interested in a daily snotter biggrin

P.P.S. What do you think a full 550 retrim would cost at O'Rourkes? £20k??




Edited by MogulBoy on Friday 5th December 10:03

TKH

395 posts

146 months

Friday 9th January 2015
quotequote all
Well having just picked up a lovely low miles FSH 550 in Grigio I can only agree with others who love theirs, I have just put christening 50 miles on today and I am already very smitten.

I have previously had a 575 F1 which although a great car I personally could not quite get on with the paddle change although I know many love it

for me swapping cogs in the 550 makes it a very special car to pilot.

and with only 457 in RHD built I guess they are destined to join the list of older desirable Ferrari models as time rolls on.


Mario149

7,673 posts

135 months

Friday 9th January 2015
quotequote all
I sold mine the other day to a PHer that initially contacted me 6 months ago. Hassle free sale, never had to advertise, lovely motivated buyer, job jobbed, tidy profit. The car will have paid me approx £1.50 per mile driven including all servicing/maintenance deductions when I factor my final works bill from when I was away last year.

ETA: lovely cars, glad I managed to get in on time at today's prices I wouldn't have had the chance

Edited by Mario149 on Friday 9th January 13:49

smartypants

46,970 posts

126 months

Friday 9th January 2015
quotequote all
I don't own one, but been fortunate to drive one on a number of occasions. Recently so the car just clicked and I fell in love. It may not be the most striking of Ferrari's and of course it's front mounted engine can be seen as something to play down, but hustling that car down the road is something truly fantastic. It also has a touch of class (Grigio has to be the colour for it!)


roygarth

Original Poster:

2,668 posts

205 months

Friday 9th January 2015
quotequote all
3 page puff piece for the 550 in this months Classic Cars mag....

phib

4,093 posts

216 months

Friday 9th January 2015
quotequote all
roygarth said:
3 page puff piece for the 550 in this months Classic Cars mag....
Thats worth another 10k then !!

Phib

phib

4,093 posts

216 months

Friday 9th January 2015
quotequote all
Mario149 said:
I sold mine the other day to a PHer that initially contacted me 6 months ago. Hassle free sale, never had to advertise, lovely motivated buyer, job jobbed, tidy profit. The car will have paid me approx £1.50 per mile driven including all servicing/maintenance deductions when I factor my final works bill from when I was away last year.

ETA: lovely cars, glad I managed to get in on time at today's prices I wouldn't have had the chance

Edited by Mario149 on Friday 9th January 13:49
So what have you bought now ????

Phib

Mario149

7,673 posts

135 months

Friday 9th January 2015
quotequote all
phib said:
Mario149 said:
I sold mine the other day to a PHer that initially contacted me 6 months ago. Hassle free sale, never had to advertise, lovely motivated buyer, job jobbed, tidy profit. The car will have paid me approx £1.50 per mile driven including all servicing/maintenance deductions when I factor my final works bill from when I was away last year.

ETA: lovely cars, glad I managed to get in on time at today's prices I wouldn't have had the chance

Edited by Mario149 on Friday 9th January 13:49
So what have you bought now ????

Phib
Nothing yet, but you're all going to crucify me (boxedin) - I did give serious consideration to a 599, but having had 2 Fcars I've decided put Italians on hold for a bit and tick a life box by ordering my first ever brand new car and spending my "profit". Hopefully going to be putting in an order for a new Boxster GTS in the next few days and complete my trio of Porsches. Since all Caysters and road biased 911s are going turbo for the next gen and I have no interest in FI engines, I wanted to get in before I lost my chance to spec a car exactly how I would have it. I've had a real soft spot for the 981 Porsches since they came out and in GTS form they are proper junior supercars with performance you can use on the road. They also look stunning IMO. Plus from a beardy PoV I quite like the idea of having one example each of:

1) last of the aircooled
2) last of the manual GT3s
3) last & best driving NA Porsche road biased car

My current favourite spec:

http://www.porsche-code.com/PF7BBSF4