I have owed my 04 575 since 07. I bought it from Roy Disney it is maintained exclusively by Competizioni of Maryland , I can assure you that that are not any problems with a 575 that are properly addressed. I may sell mine if I get an offer
Slades garage, the most optimisitic SOR dealer in the UK when it comes to Maranellos. https://www.pistonheads.com/buy/listing/12104049 Ok so it's a LHD car in a RHD country and was originally supplied to Japan. But what are we seeing here? A realistic asking price at Slades! Sub £60K asking price for a 575M F1 at a dealer. Maybe the "market" is starting to finally get it's point across to the sellers/dealers that the insane asking prices that have been the norm for the last 5 or so years are not in fact normal. Whilst the new and nearly car car market in the UK is in a strange bubble driven by circumstance (chip shortages for new vehicles - strangling supply of quality used) the classic market has stagnated (bar the blue chip investments which create their own market). This week I sold my daily driver Audi for 30% more than it "should" be worth in normal circumstances, to a trader who collected and paid the next day. Interestingly the 20 year old car market (bar Porsche it seems) isn't following.
Interesting and I see your point. I think the realistic selling price of a LHD with stories (Japan) F1 575 in post Brexit (VAT applicable for EU) Britain with 40k miles is probably 20% below what this dealer is asking. I also see a market that is splitting, as we have observed before. A top 575 is worth many times the price of a “undesirable” 575, regardless of the fact that they may be very similar cars. A 4K mile manual RHD 575 with FHP and history in the UK now would fetch comfortably upwards of £200k, while this probably very nice example would fetch less than £50k. Will that last..who knows. I surely don’t.
At 17 years since my car was delivered, and the 40k it has on now, I can assure you that any 04 575 that only has 4K is going to be a mess to get to drive standard. I don’t care if it has sit in a freaking museum, any car needs to be driven warm and put up cool. it can be a Datsun B210. Engine is engine and hoses are hoses and I have owned mine for the last 14 years. anyone who says they have a 575 just for value is full of crap. Drive the balls off it edit: I have only owned my car For 14 of the 17. I bought from Original owner
Yes! I think it's the stupidest thing in Ferraridom that a 5k mile Maranello is considered "investment grade" when you can't drive the damn thing lest you put miles on and thus diminish its perceived value, and if you do drive it you'll have every mechanical and electrical problem possible from it sitting un-driven for months or years on end. Ridiculous!
Reading a lot of forceful declarations here. How many here have had 5K mile Maranellos delivered to their houses recently and started to pile the miles on? The reality is annual inspection and maintenance by a leading specialist will keep any Maranello reliable. Understood that there is frustration with owners who don't put 10K/year on their cars for various reasons, but it's not necessarily bad for the car. Semi regular use is enough to keep a car healthy, and that doesn't require thousands of miles. If the conversation is about creating a convenient subjective context, I'd rather replace hoses, rebuild an A/C compressor, and fix fuel tank valves on a pristine example than a beat up 40K mile driver. At the end of the day, it's more about buying the seller than it is the car. The engineering weaknesses are pretty prevalent regardless of miles. I'd be far more concerned about the nature of the ownership during it's duration. For example, Terry's car may be the best 575 coupe on the planet regardless of miles. Conversely, I'd take a 2K mile car 100X over a 40K mile car that's been passed around 10x and hasn't been truly respected since delivered new. With regard to the original topic, two new Maranellos on BaT this week. The yellow car is already commanding big money. I guess we should all start a go-fund-me for the new owner since it only has 10K miles though!
This 5K mile 575 has been for sale for a long time (years) at £135K, so I think you'd struggle to see £200k. https://www.pistonheads.com/buy/listing/9602725
Missed the word manual when I was reading that Darius. There's always been an oddity with museum pieces and the prices people are willing to pay for them, particulally F cars.
Yes.. I am observing and then giving an interpretation of the market, rather than justifying or offering to take responsibility for it. No doubt a beautifully maintained 40k mile car may drive better than a neglected 4k mile one, but that's not relevant for the market. We all know value decreases with mileage, with any car, all other factors being equal. It's not really about museum pieces. My own gated 575 with over 30k miles is worth more than an otherwise identical car with 40k miles and less than one with 20k miles. As to whether that's strange..beyond my pay grade. But in the world of collectibles, there are many things just as strange or stranger than an expensive, low mile, manual Ferrari. I would also observe that three out of three of the well respected mechanics who look after my cars have all told me they would always take a low mile car over a high one, other factors being equal.
True. Cars are like people. If you don't use them it they dry out. Or as Jerry Seinfeld said "Not driving your car is like having an aquarium and not looking at the fish."
2001 TDF over cuoio with daytona seats and FHP, that's a rare breed! https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?zip=33133&selectedMakeId=m25&selectedModelId=d439&showNegotiable=true&sortDir=ASC&sourceContext=carGurusHomePageModel&distance=50000&sortType=DEAL_SCORE&entitySelectingHelper.selectedEntity=d439#listing=313025561/NONE
Very nice looking 550, and do you get a Ferrari warranty in the US as it's from a main dealer? That's worth something if so
The inclusion of an extended warranty is mostly up to the dealer, if you can negotiate it they'll include 1-2yr power warranty, otherwise you'd have to pay for it.
Bold! I am finally picking up my 575 from this same dealer. They have done a bit of service on it as part of the deal (belts, tensioners, water pump, fuel pumps). It is the Rosso Corsa car still shown on their site. The red car has FHP and interior carbon trim that the CdF manual does not, but it is a F1 rather than 6-sp. That makes the 6-sp premium about 4.25X the price of a F1 car. Mileage is similar on the two. I'm just a regular guy and the 575 is a big purchase for me. The 6-sp is stratospherically out of reach at that kind of multiple, really I just wouldn't go that far even if I had the money. Yeah, yeah, I know how few of the manuals they are and yes I love CdF almost as much as Grigio Ingrid (looking at your car, Eric) but over 4X is over the top.
Thanks for the positive comment on my 550 and the Grigio Ingrid. To me those photos make it look stunning and the color continues to grow on me by the day!
Your car is just drop dead gorgeous, sir. Love what you've done with the wheels, but Ingrid is pure class. That first photo, the head on through the curves, is magazine advertisement quality of a car. I'm going to have to live with mere Rosso but I'll get by....lol
This just posted on YT yesterday...interesting comparison of running costs since new of YouTuber @JayEmm's 550 Maranello and 430 Scud (both cars came with exceptionally comprehensive maintenance records). Will refrain from spilling the beans, but results might surprise. Or not.
If the manual 575's are actually going to start commanding those prices the auto/manual conversion would be a complete no-brainer bargain. Especially if the 550 prices continue going up as well it would be the only way to get a manual Maranello for less than $150k. I don't personally believe this is going to happen however, as I just don't think the car itself is rare/special enough to settle at these current asking prices.
