was wondering the current values of 575 , one in excellant driving condition , and how does miles change that value, ie 10k mile car from a 20k mile car grazie
Loose guideline in 20 seconds: $100K for a 35K+ mile driver $120K for a plain jane nice shape <25K $140K for 10-15K mile good color combo $160K for 10-15K mile good color combo + big options $180K+ for <10K mile unicorns (i.e. HGTC) @Ferrari55whoa @root feedback encouraged
I would be interested in this as well: if you have a number in your head that you would (reluctantly, presumably) sell your 550/575 for, what would you replace it with that is equally or more gratifying?
For me the 550 is the ultimate. my search was insane my desire was TdF but i’ve grown to love Grigio Ingrid. I’m 48 and my wife can sell it when I’m dead. At this moment I think I put Terry’s @tazandjan at or near the top of my 575 lust list…..that tach is the cats pajamas I’ve done the rental thing for crazy Lambo/Merc SLR etc and there is nothing at any price id rather have than a 550 for sport touring and my existing Miata turbo to beat the devil out on the track and then my vintage Manx or Vintage Bronco for desert use. I did love the analog feel of the 308 but a man can only have so many mistresses and I admit my limits ;-) my Ducati 916 and ‘86 RWB CB700SC scratch that itch and if I needed more I’d go back and do the airplane thing again but in a 4 person LLC
The market is so strong right now I just don’t understand it. To me it almost seems insane to say this but I agree with you and Root that in relative terms the Maranello in 550 or 575 is a bargain to where other vastly inferior experiences are trading.
Don’t forget how important a PPI is. My car had really modest/normal needs and it’s impressive how fast you can spend $20k theoretically the needs should be manageable for the next 5 till the next major….but…..
That is so true. It is eye opening how much it costs for routine upkeep even at an independent. I am more envious of people who can work on their cars themselves than ones with lots of amazing cars.
Joe, This question has stumped me every time I came close on deciding to sell my 550. All it takes is a brief drive and I'm back to keeping the Maranello. None of its contemporaries come close for me. I think it takes 2 cars to replace one 550. Something like a 996 Porsche or M e39 with manual to satisfy the analogue connected driving experience and a more modern fire breather to satisfy the torque itch. But you'd still be missing the Ferrari looks and sensory experiences. The Maranello wraps all the above in one elegant package.
I continued the party for todays 575 over here https://www.ferrarichat.com/forum/threads/market-prices-575-manual-vs-575-f1-conversion-costs-vs-550.629834/page-27
Agreed. Working on your cars especially race ones can be rewarding if not stressful because you know the mechanic that did the work! I always joke about that when my wife is driving our '69 bronco WAY too fast when I remind her of the knucklehead mechanic that did the drum to disc conversion on that rig! #shadetreemechanic ;-) There ae so many guys here that contribute and work on their cars its amazing. I enjoy it but I'm likely going to leave the Maranello to a more competent mechanic in my instance.
I think condition and service documetation should influence valuation more than mileage. Even less is options as they are not equally valued by all buyers. High mileage well taken care of drivers should be in the $70k-$80k range while concourse low mileage garage queens should be in the $150k-$160k range. Unicorns for the right buyer can go a bit higher depending on its unicornity.
It's hard to get a pulse. And the question in general is around a snapshot in time. It's hard to disassociate historic trends from a market that blows up it's benchmarks. Those numbers are based on my opinion today. I agree with you wholeheartedly; that is how it should be in terms of what should be valued, but I would argue that buyers outside of our circle of Maranello nerds care far more about a prospect's top line resume. Especially if it's represented by a confidence-inspiring seller/dealer. With regard to options I'm mindful that Ferrari of this era had very few, but of those available, several were substantial: Modular wheels, FHP, race seats, HGTC. I would consider those big value-adds ($10-20K per big item?). When combined I would expect them to be worth more than the sum of individual options and HGTC probably adds $50K with those brakes? I think the smaller options like daytona seats (more important on 575 than 550), piping, shields, calipers, and carbon (some may argue that's a major option though) offer incremental value to most people. Unicornity! Love it!
"Unicorns for the right buyer can go a bit higher depending on its unicornity." **** My "Unicornoid" 575 with combo of Gated + FHP is essentially worthless because of mileage, however, I wouldn't trade those wonderful miles for an added $100k in re-sale value.
Both of these responses are exactly what I would expect. It's hard to actually replace a Maranello. Within Ferrari, newer V12s are very, very different and older V12s are very, very different. Outside of Ferrari, I haven't found anything with staying power (as much as I love 911s!). Maranellos do represent a sweet spot on many enthusiast dimensions. And what Ferrari or non-Ferrari delivers on elegance and straight-up art? @tazandjan, hopefully you're sitting down when you see this.
I guess I'm a Maranello nerd, but when I was shopping, shields, daytonas, and leather rear shelf - in addition to good service history of course - were BIG things for me. I also DID NOT want the modulars or any aftermarket wheels. I can't stand them (no offense, please). Luckily, a friend sent me a link to a car with all of those things! FHP would be cool, but there weren't many around, at least when I was looking...but there are some options for getting pretty close. I'm truthfully not all that concerned about it because the notion of a nearly 4,000lb "corner carver" is laughable to me. I rather enjoy it's proclivities. My six-speed 911 scratches the sports car itch nicely.
This is what I love about the English language, which is not my native language. It is so malleable and live and constantly evolving.
Wow that yellow 575 w/ modulars is incredible. There was a yellow 550 that lived at the end of my street when I was a kid, and thus sparked my love for the Maranello. Still remember being able to hear it come up the hill with its Tubis and squeaky brakes so I had time to run outside and catch a glimpse! With respect to what would I replace my 575 with? Nothing. Well if someone traded me straight up for a Barchetta I'd probably accept but only because I have two other mid 2000's hard top front engine GT cars and adding an open top experience would be fun. A nice 575 is absolutely "worth" $150k today imo. With things like exotic cars or collectibles I think the only way to "value" them is to assume you're a price taker within the market and just look at relative value to substitute products.
@Dm993tt in Giallo and his Fabio set up is the cats a$$. also I realize many of you don’t have daughters infatuated with my little pony’s but as a quick primer on the hierarchy…. ;-) There are ponies…. Then pegasus have wings…. Then Unicorns have horns….which are magical Then there are Alicorns which have wings and a unicorn horn and it’s only then you reach “royalty status”. when I was at the park with the girls semi recently I felt bad for a dad with daughters my girls age that neither knew about the pony hierarchy and he shockingly also didn’t have a mermaid name which seemed reprehensible ;-)
Compare the Barchetta to the CGT. Yes, the CGT has it's own pet powerplant, interior, bodywork, and frame. Compare the production #'s and todays prices. Today, it costs 1.8m for a cream puff, 1K mile CGT. Barchetta values cannot hold a candle, to the CGT. A few years after the release of the CGT, a 1K mile cream puff was priced from 250-300K (well below MSRP). P originally scheduled to build more CGT's and eventually cut production #'s.
Drive a Maranello back to back with an Audi R8, - V8 model with stick, then you decide. Sent from my iPhone using FerrariChat
For me….I get it that Ironman is cool and all…..but since I live in California I should say that….. ”I identify as Franco from Gumball Rally”….. This is my 1992 custom Ford Centurion 1 ton diesel….
