Buying a 599. First Ferrari. Need advice

This is difficult for two main reasons:

1) These cars are darn near bullet proof as you stated from speaking to other owners today.

However

2) Trust with the selling party is number one in my book. Not accurately representing a vehicle speaks volumes and lord only knows how the truly treated the car during ownership.

*Write a google review on the dealership for misrepresenting car. They ought to know better than jeopardize their reputation.

 

Some of this can be chalked up to typical car dealer nonsense. However, if you get a bad feeling in your gut, I say listen to it.

Digging deeper: who did the PPI? I hope not the selling dealer.

If you really want the car and are worried about something catastrophic happening then maybe get that extended warranty for a year or so. However, whenever I run the math, it almost always works out against the warranty.

FWIW, Ive had my car since new, so almost 8 years now, about 19k miles and no major problems.

 

Personally I would run like hell. No trust - no deal.

Lotsa nice cars out there.

 

The dealer fee seems very cheap over here they add $15000 on trade in car and I was told a consignment car was around $10,000!
The whole car seems like a good deal, so Just get a Ferrari power warrantee for 1 year on it, as it covers most things, and I am sure you will find out if there are any problems within a year.

 

8 years and 19k miles. Now THAT'S a driver right there !

Spoiled599, WHNEVER U BUY A FERRARI AND U HAVE THE MONEY TO DO IT, GET THE WARRANTY. And I mean the full one !

Dont have the money to pay for insurance, warranty and mainainance ? DONT buy the Ferrari.

As easy as that.

UNless, of course, you are another driver who puts 2k miles per year. In that case as soon as something starts leaking, just park your car til the next year when u have the money to repair it.

 

Marmist.
I put about 2-3000 miles on my 599 a year also. I love it and drive it when I get the chance. Its not my daily driver, I have other cars as well, the same as other owners on this site, so its great to spread the driving experience around, and more enjoyable when you get back into the car, a realize how great they are and how lucky you are to be able to do something you love.

 

Do you perhaps sell warranties.

 

Is this a 2006-2007 model year 599? Didn't some 599 owners comment about shocks leaking?
I would keep looking for a 599 at this point as someone else noted 'trust' is important when buying as these cars are expensive to repair.

 

how about some more information on the car,like model year and options.

 

how did you determine it was 3 owners vs 2 ?

carfax ? did the owner move ? what it initially a lease, corporate lease, etc, etc , etc

 

Plenty of one owner cars around. Take your time.

 

Here is my .02cents which may be worth a fair bit less. Is the dealer where you are purchasing the car going to be the dealer where you maintain the car and have a potential long term relationship? I think the $995 dealer fee to you is ridiculous esp if you may be a repeat local customer. I would have them add the warranty. Yes it adds expense but for your first Ferrari, and a V12, it adds a comfort level that relieves a lot of headache and worry. I think its about $6k for the v12. Again, it is financially not a great decision but emotionally may help a bunch. You may have some room to negotiate that into the deal for less than the $6k. Also since they will be doing the leak they may do the warranty inspection for nothing.

 

Look it's a used car selling at what 1/3rd of MSRP? You can't expect total perfection....

 

If it's any consolation it took me a year to find my car.

 

Wow- 2008, 20k miles and 130k would be your price into it?

That sounds like a fantastic deal.

FWIW, my car is am 07, no leaking shocks, no problems, Been driven hard, been to the track, total blast of a car. Love it, drive it all over. Lately been driving other things but I will always have this car.

I had someone asking to buy it a year ago- offered me 160k and I said no because I wasn't interested in selling and I thought what would I do with the money in terms of replacement vehicle. I concluded the technology in the car is worth more than the 160k- at least in my opinion.

130k. Wow.... I know the market dynamics but when you consider what you're getting- its almost a steal.

 

A great car. Just don't spend your last dollar. Warranties on Ferraris are expensive, I choose to self insure. You either pay repair bills or depreciation. If you spend 20k on repairs in the next two years, you probably won't, it still a ton cheaper than a 200k depreciation hit.

Otherwise buy a 2 year old 911 and put the rest in your pocket.

 

Since you know the dealer, or at least the salesperson, is lying to you, I'd walk. The only out is if they want to take $15K off, but they probably won't do it because they know they'll find some noob to bite.

 

If it's the right car, if it were me, I think I'd try to work it out. IF it's the right car. At that price point, it's a bottom car. That's where I tend to feed so I know what the deals are like. Know what's wrong with it, set a price you can live with and see if they can, too.

 

Don't take this personally but I think you may be going about this in the wrong way. No matter what car you buy, with few exceptions, you will always get less if turn around and trade it back in 3 months. Also, don't focus on what the dealer paid, focus on the deal you are getting. If it's the right car for you and at the right price for you then get it. You can wait 3 months and it may be cheaper but you lost out on 3 months of fun not having the car to drive

 

Wouldn't prices firm up or even rise a bit in the beginning of the spring?