98 550 Maranello question

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Author Message philip (Fanatic1) Member Username: Fanatic1 Post Number: 295 Registered: 2-2003 Posted on Wednesday, June 18, 2003 - 2:37 pm:    can I borrow 118,000 from anyone? I'll give you a ride!!! Mark Moon (Enzomoon) Junior Member Username: Enzomoon Post Number: 122 Registered: 4-2002 Posted on Wednesday, June 18, 2003 - 2:33 pm:    KCCK: The comment I have heard from two different Ferrari mechanics regarding reliability of the 550 was "bullet proof". It is now my daily driver so I hope that holds true! KCCK (Kenneth) Member Username: Kenneth Post Number: 389 Registered: 10-2002 Posted on Wednesday, June 18, 2003 - 2:25 pm:    Is the 550 reliable? Mark Moon (Enzomoon) Junior Member Username: Enzomoon Post Number: 121 Registered: 4-2002 Posted on Wednesday, June 18, 2003 - 2:18 pm:    I recently purchased a 1999 TDF Blue Maranello with 10,000 miles, mint, Carbon Fiber Interior, Piping on seats, Colored Dash, Tubi from my dealer for 128k. I concur that the car is WAY undervalued for what you get in quality, performance. What a piece of kit! Mr. Doody (Doody) Intermediate Member Username: Doody Post Number: 1248 Registered: 11-2001 Posted on Tuesday, June 17, 2003 - 6:58 pm:    IMO, the $20K in stereo/nav crap is probably a liability to the price. the tubi won't get you more money, but many folks will not look at a 550 without a tubi, so it's just a cost of doing business. it's a HELL of a lot of car for the money. doody. david handa (Davehanda) Intermediate Member Username: Davehanda Post Number: 1007 Registered: 5-2001 Posted on Tuesday, June 17, 2003 - 6:43 pm:    Yes, the earliest 550's are now right around 100k. And you are right, what a car for the money! But look at 355's...you can get a 95 355B for around $70-75k right now. THAT is a hell of a lot of car as well! Gregori Martucci (Gam4) New member Username: Gam4 Post Number: 4 Registered: 6-2003 Posted on Tuesday, June 17, 2003 - 6:41 pm:    amazing!!!! What a car for that kind of money... Thank you.. david handa (Davehanda) Intermediate Member Username: Davehanda Post Number: 1005 Registered: 5-2001 Posted on Tuesday, June 17, 2003 - 6:28 pm:    He will get little premium for the Nav, stereo and Tubi. A realistic "private seller" asking price is probably around $118k, and will actually sell around $105-110k if he can find a buyer before winter... The market will probably continue to fall and level off in 2004...at least that's what my crystal ball says. :-) Dave (Maranelloman) Intermediate Member Username: Maranelloman Post Number: 1967 Registered: 1-2002 Posted on Tuesday, June 17, 2003 - 5:21 pm:    Too high. The dealer in San Antonio has a 2000 Maranello with 24K miles for $129K. Gregori Martucci (Gam4) New member Username: Gam4 Post Number: 3 Registered: 6-2003 Posted on Tuesday, June 17, 2003 - 5:07 pm:    My friend is selling a Blue/tan USA 98 550 Maranello with 6900 original miles (he bought it with 1200 on it). It has a Tubi, 20K in stereo equipment and navagation. New factory rims. New brakes and tires.. He is was asking $149K then $139K but will now take $129K. Is this to low or should hehold out for a higher asking price. Has this market come down that much?? What are the real values of the 1998 550?