Rough 575 Manual on BAT

looks really beat up

salvage history and a couple accidents

wonder if it was just sitting outside while waiting for parts

 

Shame, it's a nice spec.

I'd love to own one in this condition for sub $50K and just drive the godamn wheels off it all the time, daily driver-check groceries?-check XC to visit a friend cuz we cant fly?- CHECK

 

If the general rule of thumb is 30-40% off for salvage and lets say a good 11k mile 575 manual is $200-220k wouldn't this be a good buy at $100k?

This is good timing, I sold mine 2 months ago, I really didn't want to get back in, but this one is local here in miami and 6 spd so im interested.

The car is 1 of 80 US cars with a 6 speed right?

What would be a good price for this car?

 

Looks like it has significantly more miles.

 

Auction ends within 8 minutes...


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95k: good deal or huge risk?


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Branded titles suck.

 

My guess the buyer obtained a good deal. Fix it up and enjoy driving the car for years. They were valued in the low 200's to mid 250's and just 80 examples are in the USA. I cannot imagine the buyer will end up losing significant money, in the long run. You are out of pocket for mechanical upkeep.

Cars at the top and bottom of the range will always find buyers. No clue how much it will cost on top of a fresh major service and cleaning up some minor cosmetic issues. I would not turn down a 300SL Gullwing with a dirty title. You could do a lot worse and end up with a nice shiny two thousand mile 488.

 

talk about a lotto ticket....

 

Buy a good 575M F1 and swap all the parts.

 

Very strange. Seller's friend is offering it to F355 for 80K net.

https://www.ferrarichat.com/forum/threads/5600-mile-1999-sl500-red-black.590693/#post-147185834

"Hey there,

I think you were bidding on the 575 6spd on BAT today. The guy who won the auction is a friend and had something come up with his family today. I’m looking after this for him. Honestly, it may be best, given everything if he passes on the auction. He’s a man on his word, so he’ll close. But given your interest in 575 six speeds, would you close on it, for 80K if he took care of the BAT fee?

I’m his friend, and am helping him out. It is nothing serious, its just a timing thing.

This is an opportunity, think it over, you can get me at [email protected].

Thanks,

Enrique"

 

Damn this is the first I hear of this lol nobody told me but you was I supposed to read comments after? No thanks still I messaged owner before to go see it in Miami have a look and nobody replied. I think the car is very cheap even if it needs work. How do I buy it for $80k without getting nigerian scammed I bid $90k lol but quit bidding when seller wouldn’t reply. For $80k I’m in. Should I message bat for advice ha

 

Email the guy. Make it a face to face transaction. You can’t go wrong for 80. And bring some muscle out of sight.

 

Have the seller meet you at a bank. Outside of a PPI inspect the vehicle and drive it. Make a checklist and take a paint gauge. Bring a marque specialist mechanic if this is an option. If you are happy proceed inside of the bank.

 

1) buy is a stand up guy

or

2) something smells

 

My spider sense is tingling

Seller would not answer questions while car was on auction.
Winning bid was made days before auction closed.
And now this side deal...

Just look away...

 

Where is your spirit and sense of adventure?

 

It was a parts car from the outset
Money was not well spent

 

It was a parts car from the outset
Money not well spent

if you want to know what god thought about money
Look who he gave it too!

 

Three ways to get a manual 575M: big money up front; convert one; or buy a rough one and the investment will be in restoration costs. The last one, at least, you can spread out the costs and conceivably use your own sweat labor.