| Author |
Message |
Ghostrider (Threefivefive)
Junior Member
Username: Threefivefive
Post Number: 138
Registered: 8-2002
| | Posted on Thursday, June 12, 2003 - 1:18 am: | |
A Black 1998 550 6-speed that seemed (not verified by me, though) in great condition by the pictures and description on eBay went for a No Reserve sale price of $118K about 6 weeks ago. Sold by a personal seller. You can take your cue from there on prices (as well as dealer mark-up).
There are two beautiful 575F-1's available on eBay right now, both of which are being sold at reasonable prices. The blue one, linked below, and black one linked here:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=2419051076
The black one has been advertised for some time, and word has it that the seller will be willig to take somewhere around $220. Was told that MSRP on this was ~$246.
$25K off for 2,000 miles seems like a pretty good discount for a buyer willing to take an "almost new" car. Just my thoughts. No affiliation with the seller whatsoever.
Regards. |
Peter Allen Dysert II (Peterd)
New member
Username: Peterd
Post Number: 7
Registered: 9-2002
| | Posted on Wednesday, June 11, 2003 - 10:08 pm: | |
I just purchased a 575M F1 used with 111 miles on it and got a great deal! The Black car referenced below is for sale in Dallas on the showroom floor. I considered buying it but there was too much of a gap in price, new vs. used. I have owned multiple 360 F1 cars and have another here in 2 weeks. I think the 575M is much better platform for the F1 transmission than the 360 in terms of the way it translates the power curve. Having owned both, IMHO the 575 is a great car. I am not going to take anything away from the 550 owners though. For the money I would buy a 550 for the performance before buying a 360. I know of a 1999 red/tan with 1000 miles and perfect for 150. If anyone is interested I will provide the info. Just my 2 cents. |
Michael C. James (Mjames)
New member
Username: Mjames
Post Number: 3
Registered: 6-2003
| | Posted on Friday, June 06, 2003 - 12:48 pm: | |
I'd agree with the statements regarding FNA dictating what models are on who's showroom floor - that might help to explain why dealers are pricing used 360s they way they are. That might help offset the painful, 'forced' purchase of new models that won't sell. Then again, I also heard a rumor that most factory-authorized dealerships could stay comfortably in the black just from service department receipts.....
Now, If I won a Million Dollars tomorrow, I'd be hard pressed not to bid on the following car:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=2418084306&category=6212
As long as there are still waiting lists for 360s that span several years, I'm comfortable by saying demand is larger than supply. If these cars were so 'common', why are so many used examples going for more than MSRP? Aren't used models supposed to depreciate?
Inquiring minds want to know.... |
J.D. Smythe (Jeff)
Junior Member
Username: Jeff
Post Number: 192
Registered: 2-2001
| | Posted on Friday, June 06, 2003 - 11:52 am: | |
Mjames
Let me correct one statement. The Ferrari dealers are not WILLINGLY buying the 575 to sit on the floor. They are forced by FNA to buy the car per their allocation agreement. The dealer HAS to order the car whether they have a customer for the car or not.
Here's a typical dealer situation. FNA allocates 30 cars for the year to a dealer. The mix of cars might be 20 360's 9 575's and 1 456. During the year, FNA will phone the dealer and say, "we need an oder for 2 360's and 1 575." The dealer has to place the order. If the dealer does not fill the order then mysteriously the dealer will not see anymore cars the rest of the year. |
wm hart (Whart)
Intermediate Member
Username: Whart
Post Number: 1209
Registered: 12-2001
| | Posted on Friday, June 06, 2003 - 11:46 am: | |
I agree with the first part of what you said, at least in terms of perception. I am not sure that demand exceeds supply with respect to the current lineup, except for 360 spyders, and since all of them look like flipmobiles, and there seem to be alot of those, i'm not sure i would even regard those as scarce. Instead, the sticker price is just "artificial," except for those who had the foresight or patience to wait. |
Michael C. James (Mjames)
New member
Username: Mjames
Post Number: 2
Registered: 6-2003
| | Posted on Friday, June 06, 2003 - 11:36 am: | |
I'm new to the group, but well informed (I hope).
If I am to understand FORZA, the vast majority 575s will be produced by Maranello with F1 gearshifts. Old-School Purists aren't drawn to this in the way they were with the 550 because they view the F1 tranny as a gimmick for people who don't really know how to drive true sportscars. The 550, from my point of view, was marketed to be a modern take on the classic Daytona. There is nothing 'classic' about the F1 tranny, so in the minds of many they just don't go together in the same car. Most new Ferrari buyers want a 360 Spyder, so just who is Ferrari trying to sell this car to? I'm sure there are a few 550 owners that aren't exactly trading up right now - resale on the 550 isn't exactly hot like the 360 Spyder, and the 550 performance isn't that off the mark from the 575 for many owners.
I would think Smart money goes to all of the low-mileage used (depreciated) 550s out there, instead of a Quarter-Million car that doesn't offer the that much extra bang for the bucks. Did I mention that the 550 and the 575 look too much alike?
Another idea is that since Ferrari Demand far exceeds supply, dealerships are lacking in New Car Inventory - which they need to bring new-buyer people into the showroom floor and look around. So some of the more profitable dealerships are buying Ferrari's newest flagship without an existing prearranged buyer to display and eventually find a buyer for later. Most smart dealers won't do this with the 456, for obvious reasons - they get stuck with them.
Just my 0.02 cents worth... |
Mitch Alsup (Mitch_alsup)
Member
Username: Mitch_alsup
Post Number: 738
Registered: 4-2002
| | Posted on Friday, June 06, 2003 - 10:59 am: | |
"I wonder why someone would want a 360 when you can buy a 550 for less."
Some of us have more desire for latteral acceleration than longitudinal acceleration! |
Frank Parker (Parkerfe)
Intermediate Member
Username: Parkerfe
Post Number: 2373
Registered: 9-2001
| | Posted on Friday, June 06, 2003 - 9:02 am: | |
I'm just the opposite. I wonder why someone would want a 360 when you can buy a 550 for less. |
Steve (I_love_ferraris)
New member
Username: I_love_ferraris
Post Number: 25
Registered: 6-2003
| | Posted on Friday, June 06, 2003 - 8:53 am: | |
11 cars!?!?!?! that's crazy! |
David Stoeppelwerth (Racerdj)
Member
Username: Racerdj
Post Number: 268
Registered: 1-2003
| | Posted on Friday, June 06, 2003 - 8:46 am: | |
I didn't know why anyone would want a 575 until I drove one at Shelton Ferrari last fall. Torque, torque and ride comfort. It felt like a grand touring car with style with ZO6 and 360 acceleration. The 575 is truly an awsome car! |
Morrie Richfield (Carnut)
New member
Username: Carnut
Post Number: 22
Registered: 11-2002
| | Posted on Friday, June 06, 2003 - 7:46 am: | |
For me the perfect couple would be a 360 spider gear shift, and a 575F1, but thats only my opinion. The guy who order the car in Algars showroom really loaded it up, I would not have ordered all the things he did. I'm hoping in a year or so the pick up a used 575. There seems to be quite a few out there. |
Mr. Doody (Doody)
Intermediate Member
Username: Doody
Post Number: 1174
Registered: 11-2001
| | Posted on Friday, June 06, 2003 - 6:45 am: | |
perhaps the answer to bart's question is:
if you want a new maranello (full warranty; spec'd to your exact liking; zero miles; etc.) then you would want a 575 (not that there's any other option available to you).
if you want a maranello but don't need it "new" (warranty not a big deal; flexible on colors and configuration; etc.), then i think the 575s (new or used) are (apparently) a bit of a tough sell when you get get a 550, only a tiny bit less of a car, for a ton less money.
but if you want FHP, for example, or even a six speed, it makes late-model NA maranello hunting fairly tough.
doody.
yoshi - btw, FoD says you're mistaken. perhaps it was just a customer ordered car that hadn't been picked up yet?
guys - bart has a 550 - he understands the maranello. |
Gerald L. Roush (Ferrmktltr)
Junior Member
Username: Ferrmktltr
Post Number: 79
Registered: 5-2003
| | Posted on Friday, June 06, 2003 - 6:21 am: | |
"Why would anyone want a 575?" It's easy to question that statement if you are not about to write the check to buy one. The unfortunate truth is those who can write the check don't want them! That's why they are sitting around in dealer's showrooms unsold. |
Manu (Manu)
Member
Username: Manu
Post Number: 747
Registered: 2-2002
| | Posted on Friday, June 06, 2003 - 5:25 am: | |
Err... I agree...totally mystified by the question.... |
Mr. Doody (Doody)
Intermediate Member
Username: Doody
Post Number: 1173
Registered: 11-2001
| | Posted on Friday, June 06, 2003 - 5:17 am: | |
bart - why would anyone want a 550?
i don't understand the question.
doody. |
Kuzi (Kzma)
Junior Member
Username: Kzma
Post Number: 198
Registered: 3-2003
| | Posted on Friday, June 06, 2003 - 12:21 am: | |
Bart, drive one for more than a few minutes around the block of a dealership...............and you'll know why. |
Scott A. B. Collins (Scott)
Junior Member
Username: Scott
Post Number: 159
Registered: 6-2001
| | Posted on Thursday, June 05, 2003 - 11:36 pm: | |
Because they are torque ho's |
Bart Duesler (The_bart)
Junior Member
Username: The_bart
Post Number: 107
Registered: 1-2003
| | Posted on Thursday, June 05, 2003 - 11:33 pm: | |
Why would anyone want a 575? |
Robert J. Steinhagen (Bob)
New member
Username: Bob
Post Number: 23
Registered: 1-2003
| | Posted on Thursday, June 05, 2003 - 9:27 pm: | |
Ferrari of Washington has a new 575 on the floor. I was in there last Friday and it was still there. I think it is a paddle shifter. |
Scott A. B. Collins (Scott)
Junior Member
Username: Scott
Post Number: 156
Registered: 6-2001
| | Posted on Thursday, June 05, 2003 - 9:24 pm: | |
They are going for under sticker. |
Mr. Doody (Doody)
Intermediate Member
Username: Doody
Post Number: 1172
Registered: 11-2001
| | Posted on Thursday, June 05, 2003 - 7:34 pm: | |
fwiw, i was curious and poked around all the official NA sites i could get to. in addition to algar's, there seem to be five other delivery-miles 575Ms out there:
* The Collection appears to have one
* Shelton appears to have two
* Scottsdale appears to have one
* FoH appears to have one
that's a lot.
what are the wait lists like?
doody.
PS: and FoBH appears to have just sold one. |
Yoshi Ace (Tiger_ace)
New member
Username: Tiger_ace
Post Number: 19
Registered: 5-2003
| | Posted on Thursday, June 05, 2003 - 7:24 pm: | |
I saw Black 575 at FOD showroom last week. It was brand new and available for sale as Mike said. First time I saw Ferrari original invoice on a window. Disappointed that it's not in Italian.
Morrie, you should tell your wife it's for your kids, and you dreamed of handing an exotic car's key to them when they leave the house. Need to play Sarah Brightmans' "Time to Say Goodbye" in background. (ladies' killer song) Also tell her the car you're buying won't depreciate like other cars and, if necessary, show some paperworks (like books, and magazines, Cavallino has $ index) to back it up. This approach satisfies emotional & logical aspects. If this worked, let me know.
|
Erik (Teenferrarifan)
Junior Member
Username: Teenferrarifan
Post Number: 158
Registered: 2-2003
| | Posted on Thursday, June 05, 2003 - 3:45 pm: | |
Morrie I was at algar last week and they have two if I remember correctly a silver one and a black one both F1's. Did the silver one sell? I haven't been there in a week. Also how about that F50? that car is awesome.
Erik |
Morrie Richfield (Carnut)
New member
Username: Carnut
Post Number: 21
Registered: 11-2002
| | Posted on Thursday, June 05, 2003 - 2:45 pm: | |
Rob, I agree, but with the spider coming early next year I thought I'd wait till then, but this car is very nice, I think it has every option you can get on it. Wife just found out she is pregnant, first child, so I guess I'll have to write some checks for a babies room. |
Kuzi (Kzma)
Junior Member
Username: Kzma
Post Number: 195
Registered: 3-2003
| | Posted on Thursday, June 05, 2003 - 2:09 pm: | |
In fact thats how I got my 575M. When the auto came in, the guy could not "pull the trigger". I was looking for a used one at the time, but this one had the color combo I wanted. |
Rob Lay (Rob328gts)
Board Administrator
Username: Rob328gts
Post Number: 5175
Registered: 12-2000
| | Posted on Thursday, June 05, 2003 - 1:15 pm: | |
You need a 12 in the family Morrie!
It's my feeling there might not be much of a list anymore on 575's. I think those that have been on the list awhile will still be waiting months and years to get "their" order, but if someone wants a new 575 today and isn't picky, then you can buy one today.
Disclaimer: I have no clue what I'm talking about, just making a wild guess. |
Morrie Richfield (Carnut)
New member
Username: Carnut
Post Number: 20
Registered: 11-2002
| | Posted on Thursday, June 05, 2003 - 1:11 pm: | |
Stopped by Algar Ferrari a couple days ago, they have a loaded 575 sitting on the showroom floor, car came in and the person could not pull the trigger. I'd take it but wife would kill me she thinks 11 cars is enough. Have a feeling they might deal on this car, so if anyone is interested you might want to give them a call. |