Buying a 550

Author
Discussion

AlvinSultana

Original Poster:

860 posts

149 months

Thursday 1st April 2021
quotequote all
So, I think I have decided I want one.

Am I quite mad ?

Not too many cars available at the moment, or is this normal ?

AlvinSultana

Original Poster:

860 posts

149 months

Friday 2nd April 2021
quotequote all
The thought process is; I want to scratch the Ferrari itch, I want a manual V12 over the mid engine cars, I am not keen on the 456/612, and a 550 hits the budget perfectly.

Then I am pretty sure the interior will be crema or beige, I know TDF looks good on a 550 but I already have 2 blue cars.

As others have said there are some salty prices being asked for SOR cars. I see retail cars at £90 - 100k which to me look like they should be £75k, but as always the market will decide.

I once spent 2 years looking for an early 911, it paid off and I bought a fabulous car. This quest could easily take longer as there are fewer cars to choose from.

Thanks for all of your advice.

AlvinSultana

Original Poster:

860 posts

149 months

Wednesday 7th April 2021
quotequote all
This car seems to be making strong money.

Accident damage, tired interior, poor service history, numerous areas of rust bubbles, 11 year old tyres etc, and thats a description which is designed to sound appealing !


https://collectingcars.com/for-sale/2000-ferrari-5...



AlvinSultana

Original Poster:

860 posts

149 months

Wednesday 7th April 2021
quotequote all
21ATS said:
not to consider it "at any price".

.
Indeed.

I cannot imagine the bids are from real persons wanting to sink £60k plus into such an orphan.

The market for these cars is incredibly sensitive to vehicles without the proper credentials.

The 550 buyer wants to see evidence of pampering, not abuse and neglect.




AlvinSultana

Original Poster:

860 posts

149 months

Friday 9th April 2021
quotequote all
No one buys a used 550 at retail price, unseen on an online auction, with a serious list of red flags.

This “sale” will never materialise.


AlvinSultana

Original Poster:

860 posts

149 months

Wednesday 14th April 2021
quotequote all
Does anyone know anything about this car ?

https://www.pistonheads.com/buy/listing/10789990

Black / Black would not be my first choice, but it might look better in the metal.