575 manual watch, Europe | Page 37 | FerrariChat

575 manual watch, Europe

Discussion in '456/550/575' started by Themaven, Aug 1, 2015.

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  1. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    There's an awful lot of uncertainty here.
     
  2. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,222
    UK
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    Robin
    Anyone see what the 575 on CC got to then?


    Sent from my iPhone using FerrariChat
     
  3. [gTr]

    [gTr] Formula 3

    Mar 11, 2008
    1,040
    Hamburg, Germany
    High mileage factory manual 575s do not get much love. These cars are rarely being bought to be driven (oh the irony!). I remember clearly back in 2015/16 when the mania for manual 575s kicked off suddenly out of the blue, low mileage 575 manuals were going for ~300k and then a 50K+ miles car sat unsold for $150k for months and ultimately sold around 120-135K range if I remember correctly.
     
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  4. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    It was at £88,500 with 2 hours to go but I had to go out.

    The listing has been removed now, they don't no sales being searchable.
     
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  5. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,361
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    Darius
    All very interesting. I can say that, as owner of a manual 575, I just would not have bought that car at any price, had I been in the market. I’d have waited for a nicer one. I’m not saying all owners are like me but..
     
  6. jtremlett

    jtremlett F1 Rookie

    Feb 18, 2004
    4,785
    You can see the listing from the link in your original post. High bid was £94,500 (with no guarantee it was from a genuine bidder, of course).
     
  7. brogenville

    brogenville Formula 3
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    Apr 24, 2012
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    Robin
    And oddly, this is one of the reasons why Porsches (for example) are over valued compared with cars like the 575.

    Let me give you an example- I’ve been chatting with a pal this evening about him buying a 550 or a 575. He’s not familiar with the market, but was struck by the wide difference in pricing, which I mainly put down to the cars being very sensitive to spec (all else being equal). This makes it generally quite hard to price these cars, whereas conversely the 911 market is so well nailed down that a specialist can price a car competitively within a few hundred pounds on 70k. A touch too high and nobody will bite; a touch too low and the car will sell in days.

    I know there’s other factors at work here, but this certainty in pricing makes 911’s a much more liquid commodity than a 575. That in turn helps their value.


    Sent from my iPhone using FerrariChat
     
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  8. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    Interesting, I had this car on my watchlist and they normally show up when I do that. This is what I see when I click on the link.

    Image Unavailable, Please Login
     
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  9. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
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    Darius
    That’s very interesting and I see exactly where you are coming from re 911s. But I wonder if it’s chicken and egg.

    911 buyers know exactly what values are, so the market is liquid, so 911 buyers know exactly what the values are..

    Meanwhile 575 buyers don’t know what values are..

    there’s more to it than that of course. But the fact that nobody can work out what this car is worth is quite telling. I don’t know what my manual 575 is worth. Agree insurance value is £180k but who knows.
     
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  10. brogenville

    brogenville Formula 3
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    Apr 24, 2012
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    Robin
    Possibly. I guess another way of putting it is that liquidity has a value in itself, and the picky buyers/specification sensitivity, reduces that liquidity.
     
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  11. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
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  12. ralfabco

    ralfabco Two Time F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    28,029
    Dixie
    Full Name:
    Itamar Ben-Gvir
    M8 with that color just go ahead and buy it. No need for a PPI.

    With Grigio Alloy you just ask where to sign the papers :D.
     
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  13. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
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    Alan
    I went in a different direction and bought an FF. Which I'm delighted with as I can use it way more than I could a 575, as much as I love them.


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  14. 635CSI

    635CSI F1 Rookie
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    Jun 26, 2013
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    Anybody looking at the 575M on DK?

    Low miles, possibly explained by the last service being in 2016.
    Factory FHP
    200K GBP
     
  15. Condor Man

    Condor Man F1 Rookie
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    Sep 8, 2006
    4,938
    Los Angeles
    That is a super cool photo!


    May the Horse be with you
     
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  16. intrepidcva11

    intrepidcva11 F1 Rookie
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    Jan 12, 2009
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    Saratoga Springs NY
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    Seth
    no FHP would put me off any 575
     
  17. Ffre92

    Ffre92 Formula Junior

    May 26, 2014
    684
    NY
    My 575 without fhp rides great! I have a 2002. The original suspension ecu was atrocious, but with upgrade to 205619, it transformed the ride.

    I did install the fhp ecu which was also nice, but not transformative to the degree of the suspension ecu.

    I have the fhp springs, but havent been compelled to install since it rides so well as is for the road.
     
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  18. 635CSI

    635CSI F1 Rookie
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    Bars are now available from Ferrari skunk works I believe?

    So with some electronics and a bit of steel you can get FHP handling relatively cheaply.
    So, from a drivers point of view I think the FHP mystique is overhyped. I would buy the best car I could and then instal the ECUs and make it handle how I wanted, as Ffre92 has done.

    However, from a collectors point of view, factory FHP probably adds something to the value.
    One could try to crunch the numbers from known sales but there are many other variables and few sales.

    Sadly the collector who wants the perfect low mileage car with the correct options is unlikely to drive the car so handling is immaterial to his/her ownership.
     
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  19. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    39,063
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    Terry H Phillips
    F- What FHP ECU did you install? There are none that I am aware of. The 550 had an FHP shock ECU, but not the 575M. My 201674 was marked FHP, but that is not in the parts catalogs.

    Seth- Post AN 52556 575Ms do not really need FHP, especially post AN 55769 575Ms.

    Graham- Looks like around 15% of 575Ms had FHP from my small data base. Higher in the UK, but insufficient data for a number.
     
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  20. Ffre92

    Ffre92 Formula Junior

    May 26, 2014
    684
    NY
    I meant the fhp steering ecu 175891. It firmed up the steering at speed. It feels really nice, but not a must have like the updated shock ecu
     
  21. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
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    Darius
    Looks nice, I like Sabbia. No Daytonas or leather rear shelf. DK generally sell good cars. It will be interesting to see if this sells at this price.

    https://www.dkeng.co.uk/ferrari-sales/1768/prestige_cars/ferrari_575m.html
     
  22. 635CSI

    635CSI F1 Rookie
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    It does look good.
    Though I wonder if Sabia is too light for a Grigio Titanio exterior?
    That said, you can’t spec a second hand car ;)
     
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  23. tazandjan

    tazandjan Three Time F1 World Champ
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    Jul 19, 2008
    39,063
    Clarksville, Tennessee
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    Terry H Phillips
  24. 635CSI

    635CSI F1 Rookie
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  25. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    https://collectingcars.com/for-sale/2003-ferrari-575m-maranello-14

    RHD 2003 Manual 575 - FHP - 31,000 miles Nero Daytona over sabbia.

    Not much to dislike about this one, mileage not so low it's a collectors piece, not so high that it puts people off.

    Will be a reasonable barometer of the value of a tidy driver in the UK marketplace
     
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