That car is hilariously described. It’s been for sale for simply ages. Originally the seller tried to make out it was some kind of special edition car and didn’t declare the Cat C history. The asking price was £120k. Having been called out, the price was dropped by £5k (ie nothing) and the description slightly amended but there is no disguising the fact that this car is way over priced for what it is. Given how easy it is to research car history these days, it constantly amazes me when dealers position cars like this using dubious descriptions and wild claims hoping to snare an uninformed buyer.
Snipe hunting. Generally considered foolishness but then, on rare occasion, a snipe shows up! Living life on faint hope.
This vehicle has been inpected by Autolign, we have the Solera CAP HPI Certificate that states "Having sucessfully passed the Vehicle Inspection, the mark against this vehicle has been removed from our active Condition Alert Register" £115k...
For the non UK readers on the forum this is how the insurance "category" system works in the UK. A vehicle having been subject to an insurance claim and subsequently "written off" will be designated one of the following category letters. A car here can be inspected after repair and deemed roadworthy, but will still be subject to being noted as "damaged, repaired, inspected". Category A: Can’t be repaired. The entire vehicle has to be crushed. Category B: Can’t be repaired. The body shell has to be crushed, but you can salvage other parts from it. Category C: Can be repaired, but it would cost more than the vehicle’s worth. You can use the car again if it’s repaired to a roadworthy condition. Category D: Can be repaired and would cost less than the vehicle’s worth, but other costs (such as transporting your vehicle) take it over the vehicle’s value. You can use the car again if it’s repaired to a roadworthy condition. Category N: Can be repaired following non-structural damage. You can use the vehicle again if it’s repaired to a roadworthy condition. This replaced category C in October 2017. Category S: Can be repaired following structural damage. You can use the vehicle again if it’s repaired to a roadworthy condition. This replaced category D in October 2017. Because some category C, D, S and N cars may have received minor damage that has been repaired at a cost to the owner (not the insurer), these types of write-offs commonly find their way to the used car market. Despite being replaced by N and S ratings, some category C and D cars written off before the changes were introduced may still be up for sale.
I know it’s been up for a while, but this one looks lovely. Although the price... https://www.carandclassic.co.uk/car/C1148992
I've also had my eye on that one since it listed some time ago. The current owner has clearly taken care of it but there are some potential mileage oddities pre his ownership (look at the MOT history online). This was back when these cars were at the bottom of their value curves. At the time the mileage queries arose the car was being looked after by Verdi Ferrari - if you're not aware of who this is, Google the name. He also appeared on an episode of Can't pay we'll take it away and I understand he's now disqualified from being a company officer as a result of his previous business practices.
I appreciate the MOT discrepancy might give cause for concern (or an opportunity to haggle on price) but it is pretty clear to me that it is just down to a typing error on inputting the mileage, very likely on the 2011 entry. I have looked at a lot of Ferrari MOT data and there are quite a few discrepancies I have come across but almost all of them are pretty clear inputting errors - one too many digits etc. I suspect in 2011 the MOT certificate might well have been separately handwritten and if it were with the car, might be interesting to compare. It is also worth noting, though not fashionable to mention, that Verdi had a very good reputation until he trashed it by not paying people money they were owed. I used to pop in there quite a lot and was always welcomed and allowed to take pictures etc. I also stood there one time as he diagnosed and fixed a misfire problem on my 348 and was hugely impressed that he sorted, in a matter of minutes, something that another dealer had failed to rectify after having had the car for a week. Not that I am wishing to in any way minimise the issues that did for the business and the pain it caused those who were owed.
Black 575 in Glasgow looks like it’s going cheap. Though, annoyingly, they don’t tell you if there is a reserve and whether it’s been met (I assume the answers are yes and no respectively). https://collectingcars.com/for-sale/2003-ferrari-575m-maranello Sent from my iPhone using FerrariChat
There is a reserve unless the listing explicitly says ‘no reserve’. Some start with no reserve showing. Others don’t. Then as the auction progresses reserves often get reduced or removed- and again, this is stated on the listing. All fun and games.
https://www.bva-auctions.com/en/auction/lot/50442/15514333?pid=8 LHD 550 - 68,000km on line auction in NL. High bid Euro 61,000 I can't tell if this has sold or not.
Pop this reg number into the MOT checker for a 575M and let me know what you think of this MOT history. KD52AWY
Car is effectively unused for fifteen years - so what - and there may be an error of vehicle or mileage at one point Does it really matter to anyone who is actually in the market for a car rather than kicking tyres for years ?
Looks as though its been laid up for a few years with two suspect MOT entries for 2018 that is likely another vehicle - but the mileage for the third one for 2018 seems consistent with the prior one in 2011 presumably prior to lay up. Looks like it could have been finger trouble for whatever the other vehicle was with the 9.5k mile vehicle. Do you know the story?
Yes, the owner was err, "Shooting Tigers" for a few years. History is patchy, the car looks tidy from images and the dealer it's up for sale with has sent me a video walk around and was very up front about the history - or lack of. It was stored for a long period and not serviced. It's a very early 575 so pre any of the ecu upgrades but it has FHP and 19" modulars. It looks like an ideal candidate for a car for a manual swap if the price is right. We're just waiting to see what number the Black 575 on CC reaches tomorrow to use as a guide. It's a very similar spec except it's TDF over Sabbia which I prefer.
It matters with regard to the value of the car. If a seller is expecting the same money for a car that's been unused and unserviced for a decade plus as a well maintained example then there's an anomaly, it's not going to sell. Watching well maintained cars sell gives a guide price for one without history - say less 20%. Am I a tyre kicker? I've had three offers accepted on cars in the last 18 months (far more rejected) - one I said yes at full asking price only for all three sales to fall through when the vendor got cold feet and decided he didn't want to sell really (for whatever reason). All three through dealers all of which it turned out were on consignment. As a buyer (and a dealer also I imagine) it's frustrating trying to buy at the moment due to time wasting owner/sellers.
Yes exactly. The two 2018 MOT entries are so clearly an error I wouldn't bother about them at all. Probably the DVLA would correct the entries if asked by the owner. I know they have corrected some in the past including, actually, one that I pointed out to them on a car that wasn't mine!
Interesting that it mentions Paul Hargreaves as maintaining the car but doesn't mention he was the second owner.
I guess that would go some way towards explaining why there's no documented history if it were self maintained by a specialist.
That is a nice car. Any idea what it sold for? I notice you've put the asking price of your car back up again from £69,995 to £74,995. No interest at the lower number? What's the thought process putting it back up after having reduced? Interesting to hear an owner/sellers perspective for balance.
Not sure what it sold for but I did speak to Barkaways and I got the impression there was no pressure to sell and a large discount to their asking price was unlikely. Re mine, blimey you don't miss a trick, do you keep a spread sheet of cars for sale? I had two cars for sale, my 575 and a very low miles restored Porsche 930. My reason for selling is purely because I have too many cars (7) which aren't being driven and clogging my garages and driveway. The 930 was sold to a collector a week ago, my 575 was viewed by a guy recently who liked it and said he would send a deposit .....and that was the last I heard. I've raised the price as I've one less car now and I'm happy to keep it rather than sell it for less than I believe it's worth.
I keep an eye on 550's and 575's only. However I'm an amateur compared to one of the members on here (and on this thread) who has documented many of these cars since new and through their lives. After a while you realise you're seeing the same cars come up for sale again and again - just moving from dealer to dealer and never really finding a home. Most of the cars at dealers these days are on consignment so it doesn't matter if the asking price is a bit optimitstic, the dealer has no capital or borrowing tied up in the vehicle. It creates a bit of a false market though - people who want to sell look at the advertised prices - think that's where the market is and all becomes a bit self fulfilling, at least for asking prices. Then sellers can't figure out why they aren't getting a bite. The three nearly buys I had in the past 12 months were all cars that were not advertised. I have my details with a number of specialists who will call if something becomes avaialble and we take it from there - no doubt they have a list of buyers, unfortunately in all three cases the sellers got cold feet. Many sales seem to take place in this manner - off market so sometimes it's difficult to keep a handle on actual real world prices. The only true transparent sales or non sales are auctions so I use them as a guide of what the appetite for particular cars are. Tonight this one ended as a no sale with a high bid of £61,000. I just make a note of it and use it when I'm trying to value car that I'm interested in. https://collectingcars.com/for-sale/2003-ferrari-575m-maranello
Two more on Collecting cars:- LHD 575 https://collectingcars.com/for-sale/2002-ferrari-575m-maranello-1 RHD 550 previously owned by the hamster. https://collectingcars.com/for-sale/1998-ferrari-550-maranello
