Would a high mileage f430 scare you? Just put a deposit on a car with 50k miles

You will find a better car. Best to walk away.

 

50k miles isn’t a big deal.

50k miles of someone beating the crap on it would be...but so would 15k of those same miles.

Re: the tinted lights, leave them for now. They may grow on you. Tastes can change when you live with something a while. If not, you can prob trade them with an owner who prefers tints.

Oops...just read your last post.
Never mind.

 

How did they figure that part out?

Interesting thing though is when I bought mine I didn't get any PPI and it's still serving me well after almost 5 years of ownership.

I work on cars previously so I did my own inspection but I'm no way close to a Ferrari specialist, got lucky I guess.

 

“Could it” drop below $50k? Of course it could with that mileage (in the U.S. anyway. Europe seems to be another matter.) I would look at all cars out there now with high miles and get a sense of where they sit price-wise, factor in year and condition, and come up with a worst-case scenario. Not an easy number to come up with but you can ballpark it. That’s probably your floor for depreciation. The fact is there are always a lot of lower-mileage examples available, so a high one will need to have a big sale price advantage. It always come down to maintenance/ repair costs for a given purchase price. Someone who can afford maintenance on a Ferrari (or isn’t worried by it) will likely buy a more expensive lower-mile one.

If you are buying with the expectation of selling relatively soon expect to lose up to that much - then if you don’t you win. Unfortunately miles hurt Ferrari’s unlike Porsches. I went through all of this analysis before I bought mine. Ended up spending more for lower miles. Thing is, don’t know if I’ll lose any less than you after taxes, repairs, insurance and depreciation.


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Who did the PPI? The only thing they found was a leaky fuel pump and they said: "stay away"? Seems like a minor issue and also I am not sure how anyone can know that they tracked the car hard by looking at the underside of a car.

 

This looks like a good deal and it's a members car:

https://www.ferrarichat.com/forum/threads/430-berlinetta-f1-tubi-red-tan.593292/#post-146426534

 

I agree, this sounds like a silly PPI, I don't even think I'd trust them.

Fuel pump leaks are very common on 360 and f430...that wouldn't make me stay away.

And tracked hard because of the underbody? Take a look at mine, limited track time, but speed bumps and my lowered 360 don't go together very well...doesn't mean it was tracked hard.


I wonder if one of them is going to buy it becuase they realized how cheap it was and good shape relatively speaking...

 

There is nothing wrong with oem rotors



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I agree with this as it does boil down to a persons actual use. Someone that will only see short term ownership the lower the miles the better. Someone that will use a 430 as a daily commute car probably wants on the lower end but not lowest possible miles. I subscribe to the mindset that I want to drive the car but it will only be for pleasure. With that in mind I would want something in the 20k to 35k mile range. Sure it will need things as they wear out but it appears the more these cars are driven the better they are for driving. I also will likely keep my car for an extended period, likely over 10 years then move to something else assuming internal combustion engines aren’t outright banned by 2030.

I think the op made the right decision passing on this car since signs show aggressive use. What else is lurking. The ownership experience is expensive enough without tempting fate.

 

Generally if you can schedule an appointment with a Ferrari dealer you will get a very detailed ppi. Like Safe4now said in post 11 have them make sure there is nothing that would keep the car from qualifying for the new power warranty. I trust his advice since he is in the service dept at boardwalk Ferrari in Plano. Alternately if there isn’t a Ferrari dealer available try to fine as reputable of shop as you can near the location. The ppi is only as good as the shop, and the tech, doing the actual ppi.

At what the car is priced at it’s on the lower end of the price range. I briefly looked at car gurus before I had to run to an appointment but a similar car at a similar price point had accident damage. Not saying this car has any but at 75k I’d expect to find more then a leaky fuel pump wrong. It’s priced low for a reason and like I mentioned in one of my earlier posts you have to build as good of a case to purchase as you can. If the issues are reasonable, research the costs to correct them and see where that would put you at into the car. Bear in mind the tires, and clutch being new and brakes in good shape point to there being something weird possibly wrong. A Ferrari dealer will ferret out these issues. If they too only find a leaky fuel pump then it might be a good idea to familiarize yourself with what the new power warranty covers and maybe purchase it in tandem with the car. That way is something major does occur you’d be covered.

 

Where in Los Angeles did you take it for PPI?

 

If you dont buy it please let me know where the car is for sale.

 

For what it’s worth, my recent PPI for the F430 I bought came back clean except for minor issues. But the gas tank was near empty and when I took delivery and filled the tank, bam, both fuel pumps leaking. $3000 later, great car! So I agree, having the dealer do the fuel pumps (make sure they do both, the crap is plastic and deteriorates with age!) plus the new clutch and tires is worth probably $8k-$10k.


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Question- I didn’t think a car this old qualifies for any warranties. Can you please post details? Would love to get one on my 2006! Sorry to thread jack!


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If it helps, my 360 has 64k miles on it. When I bought her in 2010, I actually posted pics of my car on here before I bought it. And posters had all kinds of bad things to say about it. Got her with.. 50k miles. NOT a top notch example. I suspect a lease car, definitely tracked. Front lower tray was missing. Obviously torn off when she went off the track or hit a parking curb. Front end resprayed, crappy sony radio installed and a ton of trackers, etc. Brake lights on, etc. etc.
Of course I bought her. BECAUSE I PRICED IT IN.

Now I have a 3 pedal 360 that I drive on the weekends and put away on sunday. Fully paid for. Don't care what the depreciated value is because I bought her for so little it doesn't make sense to sell. Fixed all the issues on my time at low cost. Never have any CEL lights or issues. I wish you the same with the 430.

Brakes, pads, fuel pump. All these are going to go in a $50k car or a $150k car. Esp the fuel pump. The plastic becomes brittle with age and heat, not use. You can spend $200k for the car and it can STILL need a fuel pump. Get rid of the rear speakers when you buy it. Pull them out with all the crappy amps and god knows what else. It just drains the electrical system and makes it less reliable. Once you buy the car you can repair and fix it to your liking on your timeframe. Trim can be done at your leisure while you enjoy the car. Only things that would concern me are wear in the transmission, water pump leaks, hydraulics in the F1, and suspension wear. May want to pass on it IF there is too much beaten on it. I also wouldn't go into this thinking there is a max that you can "loose" on the car with resale. It could drop to $20k. You never know, that shouldn't deter the purchase IMHO.

 

https://www.boardwalkferrari.com/power-warranty.htm from information ive gathered it appears you can purchase the new power warranty for cars up to 12 years from the date the car was registered to start the original warranty. There are also mileage restrictions, 56,000 miles, that Safe4Now mentioned. to the oldest car would be a model year 2007. if i recall there is an actual brochure that gives more specific detail.

 

Thanks, the 12 year limit is what I had read...and unfortunately just missed the cutoff - because I’m stupid and didn’t research it fast enough.


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Cliff Notes

New Power 15 is a reduced coverage option ( reduced from New Power Warranty coverage )
Price is the same as New Power Warranty

V8 Pricing
$4,500 Year to Year ( MSRP )
$375.00 Renewal discount ( If you have coverage during the prior year and renew again )
$375.00 Discount if you had no claims in the prior year

v12 Pricing
$5,760 Year to Year ( MSRP )
$375.00 Renewal discount ( If you have coverage during the prior year and renew again )
$375.00 Discount if you had no claims in the prior year

I attached both the New Power checklist that is required to be completed prior to submitting a request for coverage. I also attached the bulletin that outlines coverage, etc.

Happy to help!

Steve

 

As noted in my post above, Ferrari has extended coverage options up until the 15th year ( from warranty start date / delivery date )

So , you are still in luck!

S