Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550? | Page 34 | FerrariChat

Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

Discussion in '456/550/575' started by Ferrari55whoa, Oct 2, 2020.

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  1. Qksilver

    Qksilver F1 Rookie
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    Feb 11, 2005
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    Certainly may have novelty in the future. And I have enjoyed my F1 575. That said, would you swap your 575 for a completely comparable 550 and $0 incremental?
     
  2. Auraraptor

    Auraraptor F1 World Champ
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    Honestly not sure. I don't have enough seat time to know how a 550 Fiorano drives vs a comparable 575 Fiorano.

    Another way of saying it....if the manual swap cost was, say $5000 and very vetted/all sorted...I would still not be certain I would swap over right now. Maybe when I get tired/frustrated with the F1 it will be a different story!
     
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  3. Auraraptor

    Auraraptor F1 World Champ
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    PS Joe I have some good friends in Philly...I may drop you a line if I am ever back visiting. I miss the restaurants! (Uzbekistan has the best kabobs, and Nord has (or at least used to have) the best Sunday Brunch!). Likewise if you ever find yourself in St Louis drop me a line....
     
  4. Qksilver

    Qksilver F1 Rookie
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    Definitely!
     
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  5. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    If a person is ambivalent as to the interior/gauge differences between the 550 and 575 then an apples-to-apples (color/options) converted 575 should definitely be more valuable than the 550 because you are getting all the evolutionary improvements on the 575 (cooling, COP wires, etc etc).

    From my perspective I'm also always assuming the 575 converted is NOT an "investment grade miles" kind of car.

    From my perspective I'm also assuming ONLY the conversion would be in the $32,500-ish neighborhood. It would seem to make sense to target a car that needed a major and a clutch/throwout and do a bunch of work all at the same time?

    Finding a Maranello like my 550 that has had all the evolutionary upgrades to get it to the 575 level seems very rare so it would seem going the 575 route would result in a more usable/reliable option?

    As more and more conversions are done, it will be really neat to see how the "pricing/value spectrum" plays out:
    +) 575 F1
    +) 550
    +) 575 non-OEM Converted
    +) 575 OEM-converted
    +) 575 factory MT
     
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  6. LorenzoOO

    LorenzoOO Formula Junior

    Sep 21, 2017
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  7. Auraraptor

    Auraraptor F1 World Champ
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    There is a valid point in that certain options appear to be much more common / easy to find in 575s then 550s. When I looking for a car it was less 550 vs 575 and more finding the car with the exact options/features/colors that I wanted (full service history/manuals/documents, all OEM parts included, FHP/Carbon interior, darker color exterior, interior with black dash/black steering wheel and complementary color, 550B vs Modular wheels, and sport > Daytona seats but not standard seats, Hifi with all OEM parts included/no hacked wiring). I was casually looking for years but never could find a car that hit all the points. I settled on one withOUT the sport seats and a set of Tubis which I am swapping back to OEM next week (fingers crossed).
     
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  8. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    My search was insane…..

    Required discipline and patience….

    And I feel very fortunate to be the next long term caretaker of my 550 ;-)
    #beautyshots


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  9. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    Oh and I agree completely about the options comment.

    Trying to find a 550 with “full options” including Daytonas and carbon is really hard….maybe limiting them to 2000 and 2001’s since the older ones were more “classic”.

    If you want a 550 with those plus FHP, modulars, COP upgrade, cooling fan upgrade and fuel system gone thru….the list is insanely short…..heaven help you if you want that and a specific color…..

    #EmbraceTheHunt
     
  10. Auraraptor

    Auraraptor F1 World Champ
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    I don’t want to give a false impression…. I am not one of those people who believe that it’s only OEM or sacrilege (hardly…but that is even more off topic!), rather I just really like having all of the original parts so when the mood swings the other way, can switch back without much hassle. This is more and more relevant as parts become more and more NLA.
     
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  11. LVP488

    LVP488 F1 Veteran

    Jan 21, 2017
    5,875
    France
    I'm still not sure a modified 575 should be more valuable than an original and authentic 550. The 575 is an evolution, so in one sense it will always be the "better" car ; but by the same metric the F1 system is also "better" than the manual gearbox. So to me the lust for a converted 575 will always embed an internal contradiction. This being said, I have no issue with people doing what they like :)
     
  12. Qksilver

    Qksilver F1 Rookie
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    Generally agree but I think there’s more nuance.

    1) 575, questionable MT swap
    2) 575 F1 driver
    3) 575 driver, non OEM conversion
    4) 550 driver
    5) 575 very nice example, OEM conversion
    6) 550 very nice example
    7) 575 very nice example factory MT

    I’d also expect the various categories not be evenly spread between the spectrum. I’d expect a bit of jump between 2 and 3-4. And then the most material jump to 5-7 with 6 + 7 separating from 5.

    Something like:
    1—2———3———-4———————5—————-6—-7

    Also generally agree with this, and is exactly why I only consider OEM conversions, which are literally reconfigured in a way that is identical to factory specification, not modified in any way. In fact, I could probably form an argument that F1 is a modified manual transmission and we are therefore returning it to its purest original state with an OEM conversion. A non OEM project is, however, modified, and to me that a compromise of the Ferrari design. As I said above, an OEM Ferrari exhaust and OEM Ferrari gated transmission are very different things, an exhaust is far easier to substantiate as a subjective, personal choice, in my opinion. No matter what kind of marketing a non-OEM player does around “optimization of the shifting experience”, they are trying to validate their competition with an existing experience that is already simply perfect.

    If Ferrari started offering reproduction packages in the identical spec of the original, who wouldn’t pick that over a non Factory alternative? Can’t imagine most people saying they wouldn’t. And if a new player entered the game with reproduction parts made to OEM spec, I’d slot that in above non OEM, Non-Ferrari spec.
     
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  13. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    I like and agree with that more “granularization” of 1-7.
     
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  14. Mellow_Maranello

    Mar 16, 2021
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  15. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    #840 Ferrari55whoa, Jul 16, 2022
    Last edited: Jul 16, 2022
  16. ralfabco

    ralfabco Two Time F1 World Champ
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    I 'believe' this car has some issues ^ and the final price reflects the condition.



    A buyer should attempt to purchase an existing 575 6spd conversion. Most likely this will save money when compared to paying out of pocket for the conversion of a good 575 F1.
     
  17. Qksilver

    Qksilver F1 Rookie
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    There's an OEM conversion at Ferrari Scottsdale. Superficially, looks like a nice car.
     
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  18. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    I didn’t realize GTO had done more than 2.

    In my notes I had the
    red one and the Argento ….
     
  19. ralfabco

    ralfabco Two Time F1 World Champ
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    #845 ralfabco, Jul 22, 2022
    Last edited: Jul 22, 2022
    At this price a buyer may as well pay more for a factory build that has potential to increase in price.



    Does the price reflect the true market value.

    Look at it this way: 575M F1 25,000 mile car (cost) + 6spd manual parts and labor (cost) =
     
  20. LorenzoOO

    LorenzoOO Formula Junior

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    About 100 people have made the same comment and yet……….


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  21. Ffre92

    Ffre92 Formula Junior

    May 26, 2014
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    I believe the 6mt conversions warrant a good premium over conversion costs. It’s very hard to source the conversion parts, only a few shops are doing them, and at very long waits, with the car totally out of commission. Someone went through a lot of legwork. So much easier just to buy it after it’s done, so it’s fair to put a premium on that.
     
  22. Crocodon

    Crocodon Karting

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    #848 Crocodon, Jul 24, 2022
    Last edited: Jul 24, 2022
    This is an interesting car for sale: https://collectingcars.com/for-sale/2008-ferrari-599-gtb-fiorano-2

    The seller states that the manual conversation was done at a Ferrari dealer. That sounds strange, but the letter in the image gallery does seems to confirm it was done at Scuderia Grand Tourismo, Official Ferrari Service...
     
  23. tazandjan

    tazandjan Three Time F1 World Champ
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    Post in the 599 forum and the owner will answer your questions.
     
  24. Ferrari55whoa

    Ferrari55whoa F1 Rookie
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    Today the 575 that was bodaciously documented here by our friend @white out sold by the guy that Nick had sold it to.

    https://www.ferrarichat.com/forum/threads/575m-build.621233/page-5#post-147244948

    It was bought by a fellow f-chatter @Rbtrader

    I really lusted after all the mods and work Nick put into that 575 and if I could have kept mine and bought his, I would have. It was one on my "drivers hunting list".

    Here are the deets!

    SOLD for $94,888 on 7/28/22 out of Buffalo Grove, IL
    2002 575 F1 ZFFBV55A220126969 and assembly number 44157
    +) 44,659 miles
    +) Grigio Titanio over bordeaux -- Nick had noted it was the first US 575 but Nathan's registry shows a few before it and calls out 126896 as the 1st US 575 FWIW
    +) Post applied afternmarket shields, daytona's (looked good); carpet rear shelf; love the HRE's he had on the car (25mm spacers in the rear).
    +) Typical docs and tool kit....
    +) Nick's thread covered a ton of stuff....worth noting/reminding he addressed the "stickies" and the gorgeous custom titanium header back exhaust with rear straight pipes (no mufflers) & Fortune Auto coilovers with Nick's method to plug and play remove suspension error message (original shocks included in sale).
    +) From the posting: 2020: major service with timing belt; spark plugs; all fluids & filters; engine & trans mounts; fuel pump seals; sticky button service on entire interior (buttons, steering console, parcel shelf sliders, etc.); exhaust temp ecu replaced; new battery; adjusted door windows;
    2021: coolant lines under intake manifold replaced; coolant; power steering hose replaced; oil change; tires
    2022: oil change; wheels refinished in glossy silver; tires (tires from 2021 were too sticky for everyday use)
    +) Fobs: no one asked (neither did I) about the red master fob. Auction only showed 1 key and 1 black fob.
    +) clutch reading put 14.5% wear after approx 9k miles
    +) 126969
    +) This car was: https://bringatrailer.com/listing/2002-ferrari-575m-maranello-25/

    Always interested in thoughts.....

    Feels like the market is holding......with the aftermarket mods on this one it was a wildcard in my opinion on where it landed. To me the result seemed reasonable.
     
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