Market Prices 575 Manual vs 575 F1 (conversion costs) vs 550?

This was an example of a well represented and super strong sale IMHO. Not any "hidden" issues or seller "misrepresentations" that I could find.

 

Seemed like the sales approach killed the results and I am always shocked that people wont let the reserve go - are they not seeing the reality in the market? Yes, they will say "the other one sold for 190, so ours is a 190 car - but it aint! lol

 

that 355 was a SHOCK to me. I blasted the seller on this site for asking that price, no way no how did I imagine that a blue 355 would get there today!

 

Yeah, pretty strong result for a Euro-market 550 with a cam belt service that is a year past due. Offset by mid-teens mileage (assuming it is actual/correct from KM conversion), desirable color combo with decent options, excellent presentation & great detailing work (especially the undercarriage), and quite a bit of documentation. Had this been an original US market 550, all other factors equal have to think it would've cracked $200k.

 

Do you really think the "year past due" is an issue? Curious, not judging you! lol

For me, having owned a performance/race/repair shop (we did work on Ferrari's as well as P'cars, AMG and BMW M) I am always skeptical. I think that cars need it when they need it - depends a lot on environment (dry v damp), stored v driven, etc. Just saying that I dont believe in hard and fast rules like "years" for certain service.

 

Brad- Works fine until a belt breaks and there is no way to inspect a cambelt and tell if it needs replacement. Plus, there are other failure points in the cam train.

Used to be 3 years for the V12s, so we were happy when it went to 5.

 

Yes, of course you are right. But again, the environment plays a part. If you live in a dry area (like we do) if needs to be 5 years max IMHO. If you live in an area with more moisture in the air, things will be less brittle. But to each their own! I am echoing the words of our mechanic, not just my own. He is an ex dealer lead who has his own here in PHX and is recommended on this site.

Another note, is this one on anyone's radar:
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"You are bidding on a Low production 2003 Ferrari 575m Maranello Coupe. Less than 600 of these were presumedly made to North America. This car was purchased in 2018 used and they drove it back to Minnesota from the East coast. It's a fast car. The car is Rosso Corsa, Red, in color. It has a 5.7L V12 motor. The Odometer shows 11,255 miles. It runs and drives. The car has 6 speed automatic transmission and paddle shift. There are a few touch ups on the paint. Assembly #49685/. Title. The tan leather interior is attractive with red leather piping. Tan leather dash. There is some slight separation on the dash by the glove box. Bucket seats and comfortable and loaded with options. Electric windows and locks and more. Pina Farina. This is a wonderful and rare car. Since he drove back from the East coast to Minnesota, he and or his friend drove only a few times. It has been in a storage unit. Custom exhaust. The friend said that it was a fast ride back from the East coast and really a lot of fun. This rare car is selling as part of the estate. Call for inspection or more info. This is part of the Jams Hultman Estate-The Lakehouse Estate. We are settling an Estate and SERIOUS BIDDERS ONLY. This is an ONLINE ONLY auction. All cars and motorcycles are sold AS IS AND ALL SALES ARE FINAL. NO EXCEPTIONS. The vehicles/motorcycles are located in Alexandria, MN. Buyer is responsible for reviewing all information and bid accordingly and call for more info if needed. Buyers are responsible for all winning bids. Buyers are responsible for shipping and costs and removal in proper time line. Buyers are responsible for loading. No motorcycles are running and have been in storage for several years. They will need some work to get them ready for the road/riding. They may have old gas and or other issues. Check website for VanDerBrink Auctions for preview availability and info."

Currently at 82K, on a site most Ferrari people wont see it with collector miles. Presented un-detailed. No feedback or interaction with seller. Will be interesting. IMHO, this could be a deal.

 

My indie Ferrari mechanic, who worked for Penske Ferrari for a time in the early 2000s, agrees with you for many of the same reasons you cite, and says there is really no need to replace the cam belt every 5 years or 30k miles (which ever comes first). And I generally trust what he thinks as he's never steered me wrong. But Ferrari said otherwise, and as an owner, kinda like Eric says, why take a chance?

My original comment, though, was made with respect to the market, where most buyers tend to favor cars that have received regular "by the book" maintenance (with documentation of such) vs. cars that have not.

 

We have one 550 here where the belts failed just before 30,000 miles, with the belt change service scheduled, but not completed. Nobody actually cares when an owner changes the cambelts until it is time to sell her.

 

Still at 82K with 3 hours to go....

 

If you really must have OEM parts...

https://www.ferrarichat.com/forum/threads/manual-conversion-parts-for-575-superamerica-599.665522/#post-148745153

 

lol, good catch!

 

as @brogenville suggested, I don’t think those pedals are oem. This is mine, 4 circles wide.

reminds me, have to get the rest of that gum off of the gas pedal…

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Yep, could be a good deal. Given that it hasn't been driven much during current ownership, could also need a lot of deferred maintenance items addressed. Buyer beware. But still...

"Pina Farina." Is that like a Pina Colada? Too funny. Too bad deceased owner's estate is selling through a clueless auction co.

 

Yes, I have a couple family members that own estate sale companies and I always tell them to let me help them sell special cars, but they almost always just want them sold on the timeline of the estate, not necessarily for the most money. Great buying opportunities. I have bought a few vehicles (cars and bikes) and flipped them. If this 575 goes for under $100K with that mileage, a deal was had IMHO

 

I bet closer to 10k, but depends on your local mech and how friendly. Lol

I think this car with a manual swap would be a deal! We will never know most likely.

 

52k-Kilometer Euro 2003 Ferrari 575M Maranello 6-Speed for sale on BaT Auctions - closed on September 22, 2022 (Lot #85,142) | Bring a Trailer

INSANE to me that they did not let this sell. IMHO this is ALL the money for this car!

 

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i would not be surprised if they ban importation of gas vehicles eventually

might never see the 25 yr rule on this one

 

especially in Kalifornia

 

Is anyone else surprised this Euro is already $145?

Another non CA compliant car too, and the seller doesn't seem too interested in replying to questions.