Is this a project Scuderia?

Most of those errors are common with battery dead.

 

what exactly does "ferrari approved" mean?

i'd be extremely wary of any higher-end car like an f-car that's been sitting for quite obviously a long time. it may not have many issues outside a bad battery (which most of the items on that list *PROBABLY* are, as mentioned) right now, but chances are seals, gaskets, etc are about to fail (if they aren't already) and you're going to have a hell of a sieve on your hands.

if the 70k-kilometer car has a proper, timely service history i'd lean toward that one for a driver.

both cars are likely to need some attention of course, but given proper service intervals the higher-mileage car would be my choice all day.

 

A 12 yr old Ferrari that’s been neglected? No thanks, in the long run you’d likely end up spending more money likely getting it all sorted out then just buying a Nice example in the first place.

 

The 70k car isnt the one thats been neglected.

 

I concur that the 70km one is probably better if looked after. All that cosmetic stuff really adds up in terms of cost (ask me how I know!). With that said, the engines on these things are pretty stout and for the most part everything is well engineered (with a few notable exceptions, like headers, but scuds don't have the same issues since no interegrated pre-cats). Also, cars that sit a bunch can have f1 system problems (accumulators, etc...). Good luck. they are super fun cars and do well with mileage if well maintained! (my scud has 63,000 miles!).