Isn't This 575 A Little Low In Price?

2002 575M in Black on Tan with 14,000 miles for $115,000

http://cgi.ebay.com/ebaymotors/FERRARI-575-MARANELLO-2002-F1-BLACK-TAN-14K-NO-RESERVE_W0QQitemZ180161884480QQihZ008QQcategoryZ6212QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

Sounds too good to be true.

 

great deal. buyers market.

 

that is a pretty price.

 

Something's not right...IMHO

 

+1
Buy it after verification of condition.

 

Definitely a fair price however, I would also assume it needed at least an annual and belt service @ approx. 6K.

 

The prices on 575M's have gotten soft in the past two months. There are several excellent buys out there. The car you cite was at Silicon Valley since June asking $139K and did not move. From FML:

575M MARANELLO F1, VIN ZFFBV55A620127140 (2002 USA model). Metallic black with tan interior. Shields and power Daytona seats with black inserts. 14,000 miles. $139,000. 6/07

There is a nice 2004 on eBay for a buy-it-now of $152K. The 2002's look like the actual transaction (not asking) prices have definetely gone below $130K or less.

The greatest price erosion may be taking place with the 2004s. It is hard to tell what is happening to the 2005's although they are asking in the high $180's in the FML indicating transaction prices of high $170's.

In terms of this 2002 this is a great price for the car but it will most likely need the $6K 15,000 mile service right away and you should factor that in as PCH said.

 

Sold for $119,000...buy it now. Truly a buyer's market.

 

wow, that's 550 money. that's really a great price for the buyer.

 

That was a STEAL!!

 

550 ASKING money, but very few getting anywhere near that now...IMHO, we'll see the $110 k range as normal for 575's over the winter

 

Oh how I hope so because then I can get into one sooner than expected!!!!!