THE PRICES JUST KEEP FALLING DOWN ON 550 AND 575 CARS

should be 550s ....plural

 

I have to say, as much as they are coming down in value, your numbers are a bit out of whack with regards to the general market. If I could buy a 7k mile 99 550 with no stories for anything below 100k, I'd be pretty happy.

 

My consultant checked out the car. Mostly good news, but there is a problem on the right front. He says that the issue is something where he can't make the call, but need to defer to me. I am flying up tomorrow to take a look.

Apparently the owner hit a curb and mailbox on the right front. The damage is less than a month old--and we are getting estimates on repairs. Hopefully it is all cosmetic.

Normally, I would just pass and move on to the next car, but the price on this one is very good. So, I owe it to myself to do a little more leg work.

Will report more after we check it out.

 

Did you buy the SA? If not I would be very interested-Please pm me-

 

Car being repaired. Check your PM.

 

Hit a mailbox?
Is he completely daft?

 

The owner was driving and had a mild stroke. The car is being repaired. He remains in the hospital--from the stroke, not injuries in the minor accident.

 

Sad to hear about unfortunate health problem.
Please recover quickly and 100%

 

How's the mailbox doing?

 

that is really sad

 

Well, after months of prevarication I have just bought my 550, and I love it. Yes it will continue to go down in value, but life is not about measuring the financial value of your assets it's about living life.

So my advice: If you can afford it without financial stress go and buy one, and laugh every time you go down the road feeling like a trillion $$.

 

Congratulations! Post a pic.

 

+1

+2!


Onno

 

Here is a photo of the car @ Ferrari of Houston, looked like this the day I bought her, today she is a little dirty as I drive it and have yet to wash her. Although I thought that blue with the crema interior was not exactly what I wanted, must say now that I have this color combination, I do prefer to the classic red/tan. feels like Rob Walker's racing team from the 60's.

Quick other point, I have a GT3 as well, and when I started looking for a Ferrari, I tried a 360 and was very disappointed after the GT3, however the 550 just feels like it is a 'proper' Ferrari as opposed to the regular 8 cylinder cars, so go and buyone if you love driving...
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its because its a 12 .......thats why we all need 2 of them at the very least. A 12, and an 8

Congrats on the wheels, enjoy in good health !!

 

Beautiful Car!! Congrats!! I should be just a few months out and I'll have a 550 to go with my little old 348!!

 

Good show. I'm glad someone finally bought that beautiful, super-low-miles car.
I was considering that car too, but decided against a 550 because I didn't feel like loosing another $20K in depretiation.
I think the title of this thread concurs.
(I hope the dealer did a compression check for you.)
Enjoy your driver!!

 

In answer to your point about compression,yes they did (it was great) and a full mechanical test, very realistic on the 'market' price vs asking price as well.
So far I am very pleased, she goes back tomorrow for a couple of minor bits to sort out, so far so good. Bloody good fun too!

 

Great, you won't be disappointed, drive down to Texas and meet all the Ferrari guys here very sociable bunch.

 

Congratulations. I LOVE that color combo; very understated but with enough contrast to be exciting. Sorry to be picky and/or unknowledgable, but "which" Blue is that? And is your interior ALL Crema, or with contrasting dash/carpet set up? Curious because I love it.

 

$84k? wow!

And I saw this listing for below $80k... is this for real?

http://www.dupontregistry.com/autos/Search/DRauSearchDetails.aspx?itemid=432436

2000 Ferrari 550
Vehicle Info
Item Number: 432436
Mileage: 34959
Price: $79,900
Stock#: 109073
Exterior: Argento Nurburgring (Silver)
Vin#: ZFFZR49B000109073
Interior: Black
Body Style: Coupe
Engine: 5.5L 12 Cylinder
Transmission: 6-speed manual
Date Placed: 10/26/2007

Vehicle Info
• AM/FM CD Air Conditioning
• Clock
• Leather
• Tilt Wheel Power Door Locks
• Power Drivers Seat
• Power Mirrors
• Power Passenger Seat
• Power Steering
• Power Windows Dual Front Airbags Alloy Rims

~shahedc
.

 

For sale at least for a few months already, also on and off Ebay. The year is actually 1998, and it is a European model car. That's why there is no taker yet. So, to answer your question: No, it is not for real.

 

I have to agree with that! They welcome us Porsche Club guys to come play with them even! I have enjoyed the few things I have been able to attend...being an aspiring F-car owner I wanted to put my foot (or in my case really my wheel I guess) in the door first...

James

 

An interesting observation since the perception is you are favorably comparing a track warrior GT3, a car with few comforts to what most consider a GT car (550), not as sportscar-focused as a 360.

Can you elaborate further?

 

Actually, it is the water cooled Porsches that experienced the depreciation... the 993s (last air cooled) held their value incredibly well and only up until a couple years ago were selling for nearly MSRP for the best examples. Mid-Engine Ferrari equates to air-cooled 911s