how many previous owners are 'too' many | FerrariChat

how many previous owners are 'too' many

Discussion in '360/430' started by Ferrari_Soon, Mar 18, 2014.

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  1. Ferrari_Soon

    Ferrari_Soon Rookie

    Mar 16, 2014
    6
    currently looking for my first f car.. pref 2005-07 F430.. looking at pre-owned cars and hopefully to find the 'right' one..

    so how much previous number of owners is 'too' much when looking at the car's carfax/autocheck history?

    also - are high mileage (20k - 30k miles) examples are any good (or bad) compared to a less than 10k car?

    thanks in advance

    Ferrari_Soon
     
  2. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    24,329
    Honolulu
    Full Name:
    Kevin
    If they all were meticulous about service and records no number is too big IMO.
     
  3. gt4me

    gt4me F1 Veteran

    Sep 10, 2005
    5,666
    UK
    Full Name:
    Lewis Mitchell
    High numbers of owners isn't unusual as there often bought by someone who's always wanted one, once they've ticked the box they sell it on.
    As Keven said, as long as they've maintained it correctly.
     
  4. Afonsolaw

    Afonsolaw Formula 3

    Sep 11, 2011
    1,908
    New jersey
    I don't think the amounts of owners matter as much as the mileage. But if the mileage is low and there is disproportionately a lot of owners compared to the mileage. Example 5k miles and 10 owners to me it sets off a red flag. But for example if there is 5k miles and 3 owners or even 5 it is common.
     
  5. Ferrari_Soon

    Ferrari_Soon Rookie

    Mar 16, 2014
    6
    so how about cars (based on carfax/autocheck) that seems to 'switch' hands (changed titles) 1 owner per year (or 1 per 2 yrs) showing about 4-5 owners in the current life of the car? it seems an indication of lease?

    service history (if not provided by current owner) can be obtained at a ferrari dealer? or are there any other places?
     
  6. future328driver

    future328driver Formula 3

    Dec 10, 2001
    1,838
    Dallas, Texas
    Full Name:
    Ken Thomas
    The condition of the car and its maintenance history are what's important. If the car has documentation to prove that it was well-maintained, then the number of owners should not be too much of a concern. If the car had lots of owners over a short period of time, that might be an indication that there is something wrong with the car.
     
  7. Michael B

    Michael B F1 Rookie
    Owner

    Apr 28, 2004
    3,760
    US of A
    Full Name:
    Michael
    Yup. Primary is condition - condition - condition.

    All the rest is secondary.
     
  8. delaney

    delaney Formula Junior

    Nov 8, 2003
    711
    St Petersburg, FL
    Full Name:
    PETER DELANEY
    I bought a '5' owner 2003 car with 3500 miles on it. Two of the owners had it as a lease for their company (a tax thing), then converted to private ownership. Thus '5' went to '3'. I agree with the previous posts...if the car's had 10 in a short period..red flag. But for a 10 year old exotic car 3-4-5 no big deal. Get a PPI done and if it's OK, they've all looked after it. After all, you're buying the car in its 'present' condition. There are many valid reasons why an exotic can change hands quickly..can't afford the insurance, took too big a loan out...none of which are associated with mechanics.
     
  9. gman3280

    gman3280 Rookie

    Jan 10, 2014
    37
    Atlanta, GA
    I've been noticing the amount of owners as well in my search too. I found a nice f430 with all the boxes checked that I would have from the factory. It had 7 owners and most were less than a year so I kept looking. My worst thought was that it was bought and the owner couldn't afford it so no maintenance was done or it was abused and sold quickly before anything broke. All that said I prefer higher miles because I believe a car that has been driven is better than one sitting. Really though looking at the maintenance schedules there isn't much to be done to a 430 but fluids compared to the older cars.

    Actual owners correct me where I’m off base as I haven’t had coffee this morning yet.
     
  10. MaranelloDave

    MaranelloDave Formula 3

    Apr 27, 2010
    2,203
    LA
    Full Name:
    Dave
    Same for me. I'm the fourth owner of my scud. I was concerned about this too until I learned that it is pretty common.
     
  11. BrettC

    BrettC Formula 3

    Aug 13, 2012
    2,100
    Calif
    Full Name:
    Brett
    Even 10 owners on a low mile car is really not a red flag IMO. Yes, car was bought n sold but several "owners" could be dealerships. 10 seems high but what really could have gone wrong or been done or not done on a low mileage car? Its designed to be driven hard anyway so "Ferrari miles" are normal anyway right? Good buying point for negociation but also will affect selling it...I would worry most about selling to guys who just couldn't get a grip on the high numbers of owners. The car is just spreading out its love!
     
  12. switchcars

    switchcars Formula 3

    Jul 28, 2005
    2,223
    Full Name:
    Doug
    Buy the car based on the car, not the previous owners.

    Reason #1: Carfax is a computer system evaluating information provided to them by the DMV, which is not always correct. I've seen documented one-owner cars that showed three owners on Carfax, and documented multiple-owner cars that showed 1-owner on Carfax.

    Reason #2: Many, many people buy and sell cars every few months, and they take impeccable care of them, they just have car ADD. I have multiple clients who are in and out of a car every year, and the car always comes back BETTER than it left, because they are also OCD.

    Reason #3: I've seen just as many one-owner cars that were absolutely trashed, as I have 5+ owner cars that were maintained to a T.

    All told, number of owners and overall mileage does not matter the way people think it does. It almost doesn't matter at all. Evaluate each car on its own merit. Inspect, review service records, drive, and buy!
     
  13. futureferraribuyer

    futureferraribuyer Formula Junior

    Jun 23, 2010
    296
    I saw many cars with discrepancies in the ownership history when I was looking. For example Carfax said 4 and Autocheck said 5. Seems some of the 'ownership' was actually a dealer who then sold to another dealer then to a customer. I assume they passed the car along when they could not sell it. Seems like this kind of thing should not count as ownership.

    Agree with comment about condition. My car had 5 owners which maybe really 3, but was the best condition car that I saw including compared to 1 owner cars.
     
  14. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,453
    Wyoming

    Sounds like your concern was the lack of documented maintenance history not the number of owners...

    Also, what does "abused" mean?

    Driven too hard for some?

    Not cleaned?

    Not maintained?

    All of that can be learned to a degree by reading the SD reports (looking for revs), tire condition, lower rocker panels and front end for rocks chips, paint swirls, etc. All part if a good PPI...

    Fwiw, All this says to me is "condition" is what matters. And condition can and should be assessed factually rather than thru inference.

    (Avoid Inferring, for example that fewer owners are better to a car than many owners or that one abusive owner wasn't the sole or one of two owners rather than one of 7)
     
  15. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,453
    Wyoming

    +1 Well said Doug.
     
  16. mikeyr

    mikeyr Formula 3

    Jun 17, 2004
    2,154
    Santa Barbara, CA.
    Full Name:
    Mike Rambour
    I am the 10th owner of my 99 360, in the last 18 months prior to me purchasing the car it went through 5 owners, the longest anyone owned the car was 4 months and the person I bought it from had it 2 months.

    Being the 10th owner is irrelevant but that last 18 months of history should have been a red flag. But I am glad I bought it, the issue was easy to fix and cheap to fix, just took some patience figuring out the butcher job on the wiring from the after market stereo installation and now the car is perfect.

    So as it has been said already, take care of the 3 C's, condition, condition, condition, although I think it should be 6 C's, current condition, current condition, current condition :) and all will be fine with the car.
     
  17. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,392
    San Carlos, CA
    Full Name:
    Mitchell Le
    How many previous boyfriends are too many ??? If you love her, you love her.
     
  18. GyllesSmyth

    GyllesSmyth Karting

    Apr 3, 2013
    138
    Kirkland, Washington
    Full Name:
    CGS


    I saw this with my 360 as well.

    If I remember correctly, AutoCheck showed three owners while CarFax showed six, but only two of them owned the car for any substantial amount of time or put any real miles on the odometer. As best as I could tell from comparing the two and talking to the dealership at the time of purchase, it looked like it went from a lease (1) to a buy-out (2), then traded in (3), sold to another dealer (4), to another owner (5), who traded it in at the dealer from whom I purchased it (6).

    At this point, who knows; all I care about now is that it's well sorted and not changing hands anytime soon.
     
  19. arizonaitalian

    arizonaitalian Two Time F1 World Champ
    Owner Silver Subscribed

    Oct 29, 2010
    20,453
    Wyoming

    LOL...interesting comparison :)
     
  20. DrDon

    DrDon F1 Rookie
    BANNED

    Jul 11, 2012
    3,627
    Infractionville
    Full Name:
    Armando Decredenza
    Sounds nice to say, but if the ball joints have play in then...
     
  21. yelcab

    yelcab F1 World Champ
    Consultant

    Nov 29, 2001
    13,392
    San Carlos, CA
    Full Name:
    Mitchell Le
    Your drive gear is probably loose before you notice her ball joints having play.
     
  22. RichardCH

    RichardCH F1 Rookie
    BANNED

    Jan 16, 2005
    4,661
  23. English Rebel

    English Rebel Formula 3

    Aug 13, 2013
    2,158
    Piedmont Area of NC
    Full Name:
    Alan
    I'm afraid that is no the case. Ferrari is the only manufacturer that I know of that does not maintain a service history database -- only campaign history. Other manufactures do not even give you a service book with places for the dealer to stamp the intervals anymore. You would have to know which dealer did the servicing to get that information.
    Alan
     

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