Some buyers do not like black. Seems to be about the only color that will really kill a sale.
When price hike started about 10 years ago it started from older models and worked through almost every model up to 550. Idea was clearly when first Daytona, then 365BB, 512BB etc goes up everyone with too much $$$ to put into something looked from model list whats next newer model and bought it purely as investment. At the end of long line 550 went up and doubled asking price in Europe over just few weeks. If prices are now coming down in general it makes sense early cars are leading the trend. Models have had pecking order for a long time created by number of cars made and how people see them. Meaning if 512BBi price goes down significantly Testarossa has to be cheaper and so on. 550 pricing is again part of larger picture and can't exits in isolation.
Hi All, I have been a long time lurker and I am a massive Ferrari fan, based in England. It’s now coming to a time where I feel I am able to buy my first Ferrari. The car I want is the 550 Maranello, due to the v12 and it being from a time when I was growing up. Now with the introduction over, I would like some advice please. Prices of cars seem to fluctuate vastly between £70k to £150k, with collecting cars or other auction sites being cheaper and the classifieds such as Autotrader and piston heads on the higher side. What sort of prices should I be looking at and what can I expect for condition. Also in terms of maintenance does a lower mileage more expensive car be lower on maintenance in the long run ? Thank you.
Buy the lowest mile, best maintained, best condition car you can afford and haggle hard! Avoid the auction sites unless you have inspected the car, the photos look great but never show all the issues. I would buy from a dealer, so you have some comeback if there are issues. The market is dead right now, so they'll be keen to deal, and many cars are on SoR so don't be shy with your offers. I would be offering £25K below the asking price. Budget on £5K a year for servicing, Even lower mile cars need expensive maintenance, such as leaking cam seals due to lack of use which is a £3K job.
Promoters and (brokers) also have something to say with the sales price. Of course it is a model they have in inventory/consignment. A select model can catch fire all of the sudden. Low production numbers are required.
Thank you so much, I didn’t realise the money can be haggled so much. Any dealers that you’d recommend? Also would things like oil seals get picked up on a pre buying inspection?
I can see the logic in this, but I’m wondering if it’s quite accurate or applicable now. To take other model lineages: the US market for a gated 430 seems strong now irrespective of 308, 328, 348. Different buyers. BBs did jump up 10+ years ago, but is the 550/gated 575 buyer here because they want a BB and can’t afford one so trickle down? I’m not sure. They made loads of Porsche 964s and 993s but you still pay 2x or 3x more for them than a 996. So, BBs definitely going down, but maybe Maranellos are attractive to people who wouldn’t consider a BB? Just a thesis.
I have zero experience with the BB (just lust for them) but if I understand they have engine out belt services so perhaps it’s like the testarossa and you just have to accept a larger on going maintenance regime than with the Maranello….perhaps that keeps some of the “investor/drivers” away from that BB sub market?
low mileage , modulars , daytona seats , CDN $ (14) Marketplace - 2003 Ferrari 575 Maranello | Facebook
Not a crazy starting point. I was going to say things are softening but that red 575 on BaT was WAY higher than I thought given it’s needs.
The seals should get picked up, you’ll need to find someone who knows the cars well to carry out the inspection. Sorry I can’t recommend anyone, the same goes for a dealer recommendation. Some cars have been for sale for months, there will be good deals to have on these cara
This was £189K now £169K https://simonfurlonger.co.uk/cars/show.php?id=1354&p=50&page=1&srt=price%20DESC
This has been for sale for 419 days https://www.cargurus.co.uk/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourceContext=carGurusHomePageModel&entitySelectingHelper.selectedEntity=d3174&zip=GL8+8QJ#listing=149231200/NONE/NATIONWIDE_SHIPPING
This car used to belong to a friend and was a very nice example, well looked after when he owned it. I have seen it many times including when it was being polished for Concours entry, The present owner bought it from KHPC in 2018 when it was being listed at £99,995. I suspect it is SOR and the owner doesn't want to lose money on it. But then you can ask whatever you like but if buyers don't want to pay it then it will sit there. Then people stop considering it at all because they start wondering why it hasn't sold.
Every model has its fans who do not consider anything else but there are also many people who rank models against each other and moves up the list as high as they can afford. All these individual lists are combined by market as overall public list as in how much money each model can bring. If 512BBi's are one day cheaper than 550 it means many of those preference lists have changed over time. This kind of major change do not happen overnight.
575’s are cheaper than 550’s, is the F1 box bad or have they just not picked up in price ? I would prefer 550 due to the manual
The 575 is evolved in so many ways. Many people will accept that the 550 is “less evolved” for the gated-6….that’s another reason the gated 575 is so valuable. If you are doing fast or track driving I’d assume the 575 F1 is the way to go. I drive like a grandpa and love my 550.
It’s definitely the manual change and hearing it click switching between gears, that’s heavenly. The review Henry did for Carfection is amazing
I came on here to link to the CC 575 you mentioned above. Fantastic value for money. I drove a number of 575 F1's over the years I tried to buy one, not one drove the same. When I finally found a well sorted one it felt fantastic (they didn't accept my £90K offer back then!) I drove a few 550's all of which I figured had been neglected, not one drove nicely. I also drove one 575 manual. That was head and shoulders the best of the lot, but I couldn't afford the manual premium. I bought an FF in the end and I'm delighted with it. But I still hanker after a Maranello. My choice would be that Collecting cars 575 and £20K on a manual conversion (now they are a very real thing). Putting you in a manual 575 for under £80K to drive and enjoy without the worry of it being a factory museum piece.
