£50K-What would you buy 550, 575 or something else?
£50K-What would you buy 550, 575 or something else?
Author
Discussion

ack0

Original Poster:

184 posts

236 months

Friday 4th June 2010
quotequote all
Want something special that won't lose a fortune and be special to drive. Always like the look of the 550/575.

Or do you go more classic as per some of the magazine articles recently 512TR etc?

Decisions, decisions

Are these v12s as ruinous to run as some would have me believe?

Any real world views gratefully received

AndrewW-G

11,968 posts

248 months

Friday 4th June 2010
quotequote all
Depends on what you want to use the car for smile if it’s a toy I'd go for a 512 as it’s a little more dramatic than a 550, however if it’s going to be used for normal car duties (commuting, shopping etc.) then the 550/575 is the better choice as its more user friendly and costs a little less to run.

Running costs tend to be a tad over exaggerated, as you will only ever tend to hear from people who've had the HUGE bills and not the people paying almost sensible amounts for servicing . . . . . . . . but even so, these cars were the equivalent of £200k new and parts can be expensive and there tends to be a lot more of them with a V12.

You should be able to run one for around £2k a year (excluding insurance, fuel etc.), with any money not spent one year rolled over to the next budget for when a big bill does come along and don’t forget, when it is being serviced, all the little "while it’s in bits" jobs like repainting cam covers and re-plating / coating parts, tend to add up rather quickly hehe

Sneak

130 posts

225 months

Friday 4th June 2010
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I went through a similar process last year, I looked at a few cars including the 550/575's, and a few others. I went for a 512 in the end and have been very happy with it.

Don't assume that the 550 will be cheaper to run than something like a 512, some of the more modern cars I saw had a lot bigger bills in their history, and the likes of DK Engineering have fixed price seriving for 512 cambelts that is cheaper than a 550 service.
Make sure you spend the time and money getting a well maintained car and you should avoid servicing horror stories on either.

What it comes down to is what you plan to use it for. My 512 hasn't missed a beat. I use it regularly and it's always a treat on long or short runs, but it's not a daily driver. The more modern cars have that ability so if that what you want then the more modern the better, but if it's a fun car you want to use occasionally I wouldn't rule out an older well maintianed 12.

Angelis

2,333 posts

267 months

Friday 4th June 2010
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pdavison

1,641 posts

308 months

Friday 4th June 2010
quotequote all
My view (and I admit it is biased) would be based on your requirements:

"Want something special that won't lose a fortune and be special to drive"

Go for my 348 GTC which is currently for sale at Rardley's:

http://www.pistonheads.com/sales/1768785.htm

It is very special, very rare, shouldn't lose any money and is actually likely to rise and believe me it feels and sounds wonderful when you drive it.

Just a swerve ball to throw into the mix!

Edited by pdavison on Friday 4th June 17:13

melvster

6,841 posts

216 months

Friday 4th June 2010
quotequote all
Why would you want a 348 GTC, O.K only 50 were made but you can get a brilliant 355 for that price, personally out of the 550 and 575 i would buy the 550, slightly better looking and it has a manual gearbox not a silly F1, 575 were available with a manual but most are F1. I also read in Evo magazine that the 550 is becoming rarer as some are now being exported. Price wise, they are set to remain at about 45-50K and up to 60K for the best, Harry Metcalfe from Evo mag' also quoted that they may even go up slightly in value due to some being exported, he also quoted that the engine is pretty Bombproof. I would get a Rosso/Creama 550 with a Manual shift.

ferrari spider

1,107 posts

205 months

Friday 4th June 2010
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Angelis said:
I like that.

markcoznottz

7,155 posts

255 months

Saturday 5th June 2010
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You could get the best 355 on the market for that price, and to top it off, in 5 years youd get your money near enough back.

lambo_xx

2,199 posts

228 months

Saturday 5th June 2010
quotequote all
ack0 said:
Want something special that won't lose a fortune and be special to drive. Always like the look of the 550/575.

Or do you go more classic as per some of the magazine articles recently 512TR etc?

Decisions, decisions

Are these v12s as ruinous to run as some would have me believe?

Any real world views gratefully received
As already said it depends what you want it for. The 550 and 575 could be used every day, where as a 512tr probably couldn't. If it's just a toy I would be very tempted by the 512 tr because I just love them! Go drive them all and see what you think.

Edited by lambo_xx on Saturday 5th June 17:43

Kickstart

1,124 posts

268 months

Sunday 6th June 2010
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The only other car that I would think about is a 996 GT3 - all that I would say about a 550 is that it really is worth paying the difference for a 100% car (eg DK eng or Nick Cartwright)as I know from experience that buying a 550 that needs some improvement is an expensive process.

On 550s I would have a look at the following plus the obvious full service history:

1. Leather on dash (it shrinks)
2. Corrosion on front underlip of bonnet
3. Condition of switchgear (goes sticky)
4. underbonnet felt (it drops)
5. Leak from oil cooler
6. Air conditioner
7. Brake life

Please also bear in mind that lots of these cars have been clocked and if the car does not drive like a 30k miler should then the chances are it isn't.

On running costs mine have cost almost exactly £1 per mile plus fuel etc

SimonSays

449 posts

306 months

Sunday 6th June 2010
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50K gets you a nice Diablo. I love mine to death smile

andysv

1,363 posts

258 months

Sunday 6th June 2010
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i have a lambo already, but if 50k was hidden under my carpet i'd be out monday looking for a gallardo to put in the garage. values are steady and audi build quality.

paul0843

2,006 posts

238 months

Monday 7th June 2010
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575...basically a sorted 550

Midds

247 posts

269 months

Monday 7th June 2010
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I changed my 550 for a 360 which gets used every day, has a really decent boot, the mpg is ok and it is a constant joy. Oh and when you nail it, it's still f***ing mental - £45k

doppioexpresso

171 posts

214 months

Tuesday 8th June 2010
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I had the same thoughts some 3 Months ago. Next to my Chimaera I was looking for a GT that's reliable and shows some lugage space. I went for a 550 and am very pleased with it. I have been driving it almost every day and seriously I am thinking of selling my Golf GTI. in the past 3 Months I drove about 6'000 km (3'700 Miles) with absolutely no problems.

The only thing that's not absolutely fantastic is it's turning circle and the fact that my dog can't go in.... ah yea... and that it tells me the bonnet is open over 160 mph...

You will love it!

ack0

Original Poster:

184 posts

236 months

Tuesday 8th June 2010
quotequote all
Thanks chaps

As ever-you pays your money.......


Lefty 200 Drams

21,506 posts

233 months

Tuesday 8th June 2010
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andysv said:
i have a lambo already, but if 50k was hidden under my carpet i'd be out monday looking for a gallardo to put in the garage. values are steady and audi build quality.
You get a decent one for £50k now? eek


Obiwonkeyblokey

5,400 posts

271 months

Tuesday 8th June 2010
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I had a 575 F1, used it everyday no problems. loved it but sold it when our baby arrived. I preferred the 575 to the 550 on looks but its very subjective.

Jules360

1,949 posts

233 months

Tuesday 8th June 2010
quotequote all
Lefty 200 Drams said:
andysv said:
i have a lambo already, but if 50k was hidden under my carpet i'd be out monday looking for a gallardo to put in the garage. values are steady and audi build quality.
You get a decent one for £50k now? eek
You may have done a year ago. £60k seems about the base now for a good car.

Plug550

1,108 posts

246 months

Tuesday 8th June 2010
quotequote all
doppioexpresso said:


ah yea... and that it tells me the bonnet is open over 160 mph...
That's just an adjustment on the bonnet switch. smile

I've suffered most of the issues listed above, nothing that particularly upsetting or costly to sort other an a suspension fault which required a new actuator - £700 all done, and slow 2nd & 3rd synchros - about the same.
On 47000 miles now, owned 4.5 years, and would only consider swapping for a Barchetta or Superamerica, (Do the SA's come in manual?), as I only seem to use it these days when the sun is out!