550 prices vs values

Not sure I understand your reply.

What is CAN Bus system ?

Maybe I missed something in thread.

Sorry for the idiot question

 

Hi Lance,

I could go on about it but Google is so much better than I am, so Let me google that for you

 

Darrin, I've just read the thread up to 15 minutes ago. I'm a bit surprised that everyone has commented regarding 550s and I don't bedlieve anyone has mentioned 575's. Unless you are fixated on a three pedal manual transmission car, the 575 is plainly and simply a better car having made upgrades in several areas. 575 prices have not exploded like the 550s precisely because three-pedal 575's are far rarer and owners simply aren't selling them. When one does appear it will be priced at $200K or more. "Taz" is as expert as you will find on the site and there is a thread detailing the differences between 550 and 575.

Find a fairly late 575 F1 transmission car with the Fiorano Handling Package, referred to as FHP, and your newer, better 575 will be at a lower cost than a 550 in the same condition. And good luck! the Maranellos are the best and most beautiful Ferraris made since the 365GTB/4 Daytona

 

Seth,
complete agree with you!!

 

Many views on this site on whether there is a bubble or not. Read up elsewhere for that. I would not look at what are essentially modern cars as investments, outside very limited edition cars. Convince your wife that you're going to have the car or many years, so value won't matter.

Good luck!

 

intrepidcva11

"575 prices have not exploded like the 550s precisely because three-pedal 575's are far rarer and owners simply aren't selling them. When one does appear it will be priced at $200K or more."

I find that hard to believe but if true , gives me something to think about. Something I don't really want to think about...

 

Interesting discussion, finally the 575 Maranello came also into consideration. A very personal decission, when I had a look last year and the beginning of this year concerning Maranellos, I also wasn't fixed to a specific type. At that time, gated 575 where as well still available at slightly higher prices than the F1 version.

Even if generally not far apart from each other Darrin, both cars have a quiet specific character, the front, the driving attitude and especially the interior. If you are coming from the historical car sector you'll most probably vote for a 550, if you're more the actual car nut, the 575 will fit you perhaps more. For me the "old pattern and manufactured" bucket seats in combination with the classical instruments and the 6 speed lever were just too fascinating....

Having checked out both cars, I finally went for the 550 even knowing, that a 575 might be the better and more developed car. Personal choice, check it out for yourself.

Seth and Fabio mentioned one point which is finally the best argument for a Maranello, they are also imho the direct successor to the great front engined V12 cars, Ferrari became famous for....


Saluti,

Jürgen

 

Very simple: the 550 is still a great Ferrari, probably the best for the money, on the market today. Price range used to be $ 70-90K just a year back or so, now you're looking at $ 100-120K. Still worth every dime. Make sure the car has no particularly negative issues you'd have to deal with, yet don't get too paranoid about it, and buy the car. Just drive it. You'll love it.

 

Just drive it. You'll love it.[/QUOTE]

Correct !

 

The 575 has improvements in many areas but most 550's have by now been upgraded 550 parts including engine mounts, hoses etc. That said, unless you can get a hold of a manual 575 at a cost of over $200k I think the beauty of the 550 is that they are still relatively affordable and offer that gated shifter.

 

Brilliantly said. Will think about this when driving mine tomorrow. Frank

 

Believe it, friend. Mecum's Pebble Beach Auction is offering a 2003 three-pedal rosso corsa/crema 575M that I believe was sold on FChat in June or July for $225K; their estimate is $375K-$500K. Here's the url:

https://www.mecum.com/lot-detail/CA0815-219905/0/2003-Ferrari-575M/6-Speed/

If this car sells in that price range the top is off Maranellos, 550s and 575s.

 

Wow! I wonder what the reserve is.

 

Its usually the low end of the estimate. Owner paid $240k for it. I think Mecum is 6% fee on selling side unless you negotiate it at the sale.

 

This.

I don't think you'll find many owners here or in any section of FChat who think their cars will go down, but some good advice here on what to look for. If you like the car, and it's $120K now and does drop to $90K in five years, that's a fraction of the depreciation on a new Merc SL, Audi R8, Ferrari California, Aston Martin Vantage, etc. People lose more than that on new BMWs and Range Rovers. And you get to drive a car that's rarer than most of those.

Just know that a $10K service/repair bill is possible, and budget for it now.

I do think prices are on the high side currently, but we don't live forever and waiting five or ten years for a price collapse that may or may not happen doesn't appeal to me at all.

The only truly dumb move, IMHO, is to buy one and plan on selling it in a year for a profit. You will need to put some money into sorting what is essentially a 14-year old used car. (A nice used car, but...)

Good luck.

 

I bought a 550 9 months ago from another Fchat member for $85k. Blk/blk with less than 6k miles. I spent $7,500 sorting everything out and now it needs nothing. I'd guess it's worth more than what I paid and it hasn't been a year. I don't really care because I enjoy driving it too much.

 

Good for you Eric. You bought a great car and it seemed like all the money at the time. Turns out you stole the car

 

almost certainly the reserve will be the low estimate

 

Thanks GS. I must've had a crystal ball back then right? The fact remains these cars represent great value and ownership has proven to be very rewarding. Over 8k on the odometer now

 

^^^^ prob time to sell

 

I hear ya, mileage is getting way too high.

I've been kickin around the idea of getting another air cooled 911, of the 993 series if you know of anything? 50k miles plus

 

mine has done 104k and has the steering wheel on the other side but make me an offer..!

 

uggh, i just took a deposit on my 964 speedster............