The three-pedal 575M sold at Mecum's for $385,000. Assuming that was the hammer price before the normal 10% buyer's commission, the buyer paid $423,500. for this car. Stand by for its effect on the Maranello market.
Nice plan Eric to buy a 993, they are quiet bullet-proofed and the last of the aircooled range��. Own one since nearly exactly four years, no problems. Maintenence costs within the four years nearly exactly the half of what I spend for my Maranello within six months.... Prices of nice cars have doubled (at least in Germany) during my ownership as well. Saluti, Jürgen
some great advice here, I will give you my thoughts . I first decided if I wanted a 575 or a 550 which was easy I wanted a manual so a 550 was the practical best choice for me. also the 550 is a little more analog then the 575 which I liked. So now I felt that the best year for me was the last year (usually in any line it is the best package with the most improvement ). THen i decided I wanted only black or red then later refined it to a red car(color is very important in modern ferrari pricing ) Then i also knew i wanted a high option car with daytona seats barchetta wheels etc.... SO after months of looking I finally found the perfect car and jumped on it.. I bought best car I could find and paid a premium at the time but it was well worth it ... I have owned it about 4 years and have maybe spent say 11K on maintenance ... the car is a blast SO i hope my story is a little help for you..
The hysteria has passed. Prices have settled...everyone seems to feel this is the new norm but from past experience I would say a crash is coming. I'm a bit of a pessimist though.
Take a look at the 1999 550 for sale by YellowCompass, a FChat sponsor, in the FChat classifieds. Quite a price drop. Wonder if it sold at their auction. Been for sale since 2015 if I read the string correctly.
reduced again...... Cars for Sale: Used 1997 Ferrari 550 Maranello in Coupe, West Palm Beach FL: 33407 Details - Coupe - Autotrader
Henry: Yes but that looks like that car has had 5 owners and an accident (per Carfax) plus some miles, though not extraordinarily high. Many will shy away from such. The market is soft because there are no buyers looking for 550 at the moment. Nothing at all wrong with the cars and by far they are the best deal if you are looking for a V12 2-seat Ferrari. For those with pristine cars it's hard to watch because the pristine cars are being cast as soft along with everything else.
True. As it stands right now I will either sell the car or add some 19 inch modulars. Don't ask about my rationale; it makes no sense even to me.
Let's not forget that it is almost 8 billion people on this planet, and only a few thousand Maranellos.... And what people forget is that ALOT of these cars have been run everyday the first years. That means alot of them no longer exist. Accidents happen easily in a 500 hp. car! Also, many sports/super cars are for all kinds of reasons being not used.... Things also happen when not in use!! I have seen this many time. Everything from flooding, theft/damage in parking, beeing left out in the sun for extended periods, impounded by the autorities for various reasons etc. etc. I have seen so many of these being sold in parts because of all this... The AMOUNT LEFT is a very different thing that how many were made in the first place. As a matter of fact, I have been driving about 40.000 kms. in Europe (EU countries) with mine The last tree years (and about 100.000 more kms. with my other cars), and I can say I have probably seen others on the roads MAYBE 4-5 times......... When turning up at Cafe de Paris in Monaco with the 550 now this New Year, people are staring at the car..... It is like this is magic! Those prices will continue to climb!
if that is you investment logic than i suggest you focus on land as i they are not making anymore......
Buy land 200 feet above sea level near the ocean. It will be waterfront by the time you retire if the caps keep melting at this rate.
The young folk coming up care more about the climate and eco-friendliness than they do exotic V-12 gas guzzlers that have cache. Once the boomers die off, I see nothing good happening with the values of everyday Ferraris.
