Thoughts on this 612

Thoughts on this 612

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WindsorRob

Original Poster:

336 posts

197 months

Saturday 29th June
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Hi there, interested in views on the car below. Not sure if the link will work, but it should give at least the web address.

A colleague of mine recently bought a 612, which to be honest, got me thinking and more dangerously browsing as I always liked these. I also have two boys that love cars, so the thought of some road trips together means that I need at least need two small back seats,hence the 612 fits the bill and it’s a V12 front engined Ferrari, which has massive appeal for me.

I came across the car on the link. Any thoughts on this ? I love the spec, obviously I’d have to check the full history. The owners at 8 is little higher than ideally I’d like and mileage is 59k which is higher than others out there. But, I would intend to use the car a fair amount, so a low miles, pristine version, may not be best for me anyway. However, I did wonder if the miles would make it tricky to sell if at any point I wanted to, clearly as it’s priced relatively low now, it would be relatively low in the future, I get that, it’s more about whether it would sell if I needed to. My plan though would be to make this probably at least a 4 to 5 year keeper, until a two seater may be viable and I go F12.

Other than this, I’ve looked at some of the posts from owners on here and they seem to be really positive. Are there any critical items I need to be aware of that are red lines or negotiation points ?

Any thoughts or views appreciated.

http://www.justinbanks.com/2006-ferrari-612-scagli...


DKL

3,461 posts

167 months

Saturday 29th June
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I saw that a while back in a magazine ad, so they have had some time. It seemed surprisingly cheap, there aren't that many 456s available for less. Its the chapest dealer car by some margin, one private sale in London at the same price on AT but that's a rhd import.
I know very little about them but maybe there's a reason its cheap and hasn't sold but a specialist inspection would show it up, or not.
Best of luck.

jtremlett

713 posts

167 months

Saturday 29th June
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DKL said:
I saw that a while back in a magazine ad, so they have had some time. It seemed surprisingly cheap, there aren't that many 456s available for less. Its the chapest dealer car by some margin, one private sale in London at the same price on AT but that's a rhd import.
I know very little about them but maybe there's a reason its cheap and hasn't sold but a specialist inspection would show it up, or not.
Best of luck.
It's been listed on Pistonheads for about six weeks, so not all that long.
The relatively high mileage will be impacting on the price - regardless that it will be much better for being used, as we know - but also it looks like the interior needs a bit of TLC. Especially the driver's seat and the perennial sticky plastic issue in places. Not quite sure how previous owners have managed to chip both keys so badly either. Seems a bit odd.

andrew

8,781 posts

137 months

Saturday 29th June
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jtremlett said:
Not quite sure how previous owners have managed to chip both keys so badly either. Seems a bit odd.
casually chucking them in the bowl at ferrari owners' club parties ?

thecook101

634 posts

60 months

Saturday 29th June
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Check if the 5 year belt service has been done (3 grand) and at that mileage check if ball joints need replacing (1 to 3 grand depending on upper/lower/front/rear). Check the wipers (noisy equals imminent motor failure), handbrake (it will be ste but should work), radio (aerial known to fail near boot hinge). Other then that, a chance to straighten corners and flatten mountains in a v12 Ferrari. What’s not to like, especially at that price.

jimmyslr

693 posts

218 months

Sunday 30th June
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thecook101 said:
Check if the 5 year belt service has been done (3 grand) and at that mileage check if ball joints need replacing (1 to 3 grand depending on upper/lower/front/rear). Check the wipers (noisy equals imminent motor failure), handbrake (it will be ste but should work), radio (aerial known to fail near boot hinge). Other then that, a chance to straighten corners and flatten mountains in a v12 Ferrari. What’s not to like, especially at that price.
This pretty much. Not sure belt quite that much and ball joints always need replacing as they’re made from chocolate! The service costs range from 1k (once ever for me) to 3k without anything major ever needing doing. I needed a new speed sensor this year as lots of warning lights came on - do check the warning lights and that all the electrical bits, eg seats etc, work fine; my sensor was an easy fix and everything (other than sensor) was fine, but bill was just shy of 3k again. The joy of running a car that retailed for north of 200k.

I love the v12 and the mid range grunt is great. You could manage with just 4th gear!

67Dino

1,171 posts

50 months

Monday 1st July
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OP, you are right to question not just price, but eventual saleability of a high mileage, four-seater Ferrari.

I don’t say this to pour cold water on the idea - I think a 612 is a great car - but just as info. I owned a much lower mileage 456, and sure enough, it proved v hard to sell at almost any price (despite being a fantastic car and prices in the ads looking marvellous). I just think the bigger Ferraris end up being neither a work of art, a thrill to own, nor an especially practical proposition, so get stuck in between all three for future buyers.

The issue for you is that once you’re into 60-70k miles, your 612 will be one of the leggiest around. As a model, it’s never been especially praised by fans or press (whether fair or not), plus it has the big thirsty V12 engine and bills to match, so do think resale becomes a real question.

So what to do? I’d suggest one of:
- Spend quite a bit more and accept 15-20k of deprecation for mileage, but at least know you can shift it if <30-40k miles
- Spend a bit less and get an Aston Rapide, which may also be hard to sell, but is astonishingly good value at 40-50k. Or a Maserati (which is what I did).
- Spend the same and get a car that’s easier to sell to the luxury market, eg one of the sportier Bentleys.
- Buy a 2-seater Ferrari and scare the children one at a time
- Ignore this advice, buy a great car, have a lot of fun, and see what happens in a few years time.
:-)

Ian Roberts 86

48 posts

140 months

Monday 1st July
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Hi OP
I have a 2004 car similar spec (Blue / Crema), nearly 40k miles now, had it for 2 years. Its had 4 owners but I dont think the number of owners is a problem. I would say just drive it and see if you like it. At £54k it seems a steal but thats the market price, if it was worth more then it would be up for more.... and sell. When I bought mine there were still some for sale for the next 12 months left unsold. Agree with all the comments on re-sale, but unless your buying with both eyes on depreciation and resale and not using I can see how its an issue. You are buying the lowest priced dealer car in the UK (and you will use it) so the resale of course will be in line with that. All the £50k cars you will buy and use regularly will lose lots and be quite high maintenance. But I will say this the V12 is an epic engine and in the 612 its just sublime to drive, yes its big, yes its thirsty and yes it has loads of rubbish plastic trim, switches, and electrical gremlins......but its such an event to drive. Just take it out and see.
Cheers Ian

WindsorRob

Original Poster:

336 posts

197 months

Tuesday 2nd July
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Thanks all for the great insight and comments. Lots of food for thought, I’ll keep you posted !

belfry

565 posts

127 months

Wednesday 3rd July
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I had a blue/cream 612 a couple of years ago. Truly an epic car. The engine is nearly always so understressed that I wouldn’t worry too much about the mileage. Mid range power is extra ordinary.

My family still miss the 612. It’s the only relatively modern Ferrari that I’ve owned that received almost universal approval from strangers. I think that they’re magnificent but don’t shout “look at me” too much.

priley

396 posts

133 months

Wednesday 3rd July
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Yep, another vote for 612's here. I'm on my second. Fantastic cars. Interiors are fragile so watch for any damaged switches (wing mirror switch, windows, heated seats if fitted).
The spec of this one looks good with the 20" wheels/Daytona seats/yellow callipers and rev counter. Wouldn't imagine the relative high miles are an issue, especially if you intend to use it and the history backs it all up.

NicoG

531 posts

153 months

Tuesday 9th July
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I emailed the Chap about this one about 6 weeks ago, basically saying I was interested but not at that price (as I too was worried about it being by some margin the highest mileage UK 612), and was there any movement before I took a day to go see it.

He was very polite and said come see it make me an offer; the worst I can say is no....
That was 6 weeks ago, so I would *guess* £50K would buy this car now....

If you want to spend the same money for a car with less than 40K miles then look at the left-hooker with the black Daytona interior (eBay).
No wing shields mind, but the wheels these car both have make them imho - they look so much better...

At least then you have the whole of Europe as a market in future sales.
I'm pretty tempted too - what's the worst that can happen....

Maserati GTS is tempting too but I'd need £35K to get the one I want, and they're defo' still depreciating.
Ask yourself this " can I ever see that 612 being worth less than £40K"?

I suspect not, so keep for 5 years and suffer £2K/year depreciation on a V12 Ferrari !

Oh, and lastly, my Son thinks me buying a Ferrari or LP560-4 is a wonderful idea, so that buying one would make me a better Daddy might just tip the balance !

We seem to be in similar positions and considering the same cars - maybe we should meet for a beer and discuss going halves on something wink





kith

427 posts

190 months

Friday 23rd August
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The car is still there for sale and has now been reduced to £49,995. Seems a steal at that price (no affiliation).

cayman-black

8,072 posts

161 months

Friday 23rd August
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kith said:
The car is still there for sale and has now been reduced to £49,995. Seems a steal at that price (no affiliation).
So its been for sale all summer, i reckon offer low forties. Lovely interior.

SFTWend

62 posts

20 months

Friday 23rd August
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Asking prices from this dealer often drop in quite big chunks month on month. Could well be a £40k car by the autumn.

StickBreitling

78 posts

71 months

Monday 26th August
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Things to look out for:
- the folding mirror and adjustment switch on the dash can break easily. A 600 quid replacement
- ball joints wear giving a squeaky and spongy drive. Hill engineering versions are better replacements
- air conditioning works. This is horribly exposed in the front grill and can be punctured by a stray piece of gravel
- window switches are easy to break. 1K to fix.
- another poster mentioned a noisy windscreen wiper. The motor is mounted in a way which can collect water and corrode it.
- I see the LCD screen is working. Sometimes that can fail
- parking sensors are a bit rubbish and can fail due to water ingress. Stick it in reverse and hear if they work.
- does it come with the Ferrari flashlight in the glovebox?

It's a lovely drive and quite engaging as well as being a rare sight these days. I had a Maser GT a few years after the 612 and would say that the Maserati is the better built and designed GT all round, but you give up the V12 for the V8, a bit of leather upholstery and it's not a Ferrari.

But what an amazing sounding V8.


maddernj

218 posts

191 months

Wednesday 11th September
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now sold