(don't mind me copying the same post in a new thread. This is rather urgent and I didn't want it lost in an old conversation) Good morning everyone, can you tell I can't sleep? There have been details on the original titanio/black example that have kept me from pulling the trigger. Meantime, I just ran across a very attractive local example that I can move on if before it's listed on BaT in the next couple of days. The issue is I'd have to stretch my budget a considerable amount and though car has options and specifics that can justify that for me, I'm concerned about the aftermarket sound system, which includes the deck, amps in the trunk and most importantly, speakers through the rear shelf and where I believe the factory ones are on the side. Assuming it's not possible/feasible to return the rear shelf to original, do you think these 4 speakers have a noticeable effect on value? I'd appreciate your thoughts as this may be the top concern on a 550 that might FINALLY be the one! Image Unavailable, Please Login
some purely personal thoughts FWIW you could spend your whole life looking for the 100% perfect car - if it's great in all other respects I'd say this is a relatively minor drawback it looks well done and isn't offensive to the eye if you wanted to you can remove and replace the parcel shelf with new quilted leather - not inexpensive but very possible, see other links on FC for people who have done that. I expect you could get something back by selling the removed hi-fi the original stereo is truly awful! so in my mind, not a deal breaker if otherwise 'this is the one' - maybe a negotiation point if you think that could fly, though I suspect seller may think the opposite...
I've seen a lot worse. If the rest of the car is good, don't let this put you off. If after 6 months of ownership you really feel that you can't live with it, take them out and re-trim the affected part of the back shelf - it won't cost the earth, certainly not as much as buying the wrong car would. PS I like the colour.
Thank you both for the chiming in! Everything on the car seems to have been meticulously maintained by it's single owner and yes, it is a high end sound system that is leaps and bounds superior to the factory stereo. Of course, I doubt I'd ever listen to music over the exhaust and no, the set up doesn't bother me. Main reason for asking is because this example stretches my budget even more so I'd like to feel safe about the one issue that could come up if/when I need to sell.
1. "The quality will be remembered long after the price has been forgotten" (Sir Henry Royce, I bleieve). 2. Take the risk - it's a small one, it's manageable, and anyway you won't be selling it for a very long time . . . So . . . GO FOR IT!!!
Thank you. It's certainly comforting not sensing a red flag, which I did think was the case. She's got 35K miles but for a 1 owner 2001 (hopefully with complete records), that's actually a peace of mind for me. True, I would hope to hold for long enough so a properly done sound system modifications or even miles no longer matter. I'll keep F-chat posted for sure.
Me too, to my own surprise! Yellow has never been a top choice of mine. This car, however, looks so classy and standout...I think it's very well specced car and if I end up negotiating once I receive more info, I'll share more pics/details.
One owner, 35k miles with I assume up to date service history seems like a good situation. The cost of dealing with delayed service or even relatively minor mechanical issues will make the cost of potentially repairing the back shelf seem trivial.
Agreed though I'm still waiting on details to be confirmed. Oddly, it now seems that car doesn't have any service records aside from Carfax entries.
Please don't judge but after 2+ years of trying to find "the one" 550, which I love AND won't have a hard time if I need to sell, I'm starting to wonder if a manual 992 Carrera T would end my suffering? I did test drive one. Excellent driving experience but missing a good deal of the visceral edge.
If you buy a Porsche are you still going to want to buy a 550? If the answer is yes, then why waste time / garage space. Get a 550. Decide the no compromise options and ones you can flex on then go ahead and buy a car. If the answer is no, buy the Porsche. Cheaper, easier to maintain, more reliable, etc.
If you can get it off market for a price that would cheaper than you think it will go for on BaT then you have your answer right there on value. If it checks out and checks all your boxes then go for it. However in nearly every post you keep mentioning stretching the budget, future values and if you had to get rid of it. That means something different to everyone on here, and only you can decide if it’s a smart purchase for your situation. Good history or not, these aren’t always the cheapest cars to maintain. Do you plan to drive and enjoy it or admire it as a garage queen, both have their pros and cons for future expenses. You seem to be looking for awhile, so you know 550 values have been steadily trending up.
Exactly. The purchase price is merely price of entry. an annual maintenance can easily hit high four figures annually.
Thanks for your thoughts and great points. To clarify, I'm not considering anything wreckless but want to establish my not being a "money no object" enthusiast. Already, the effort towards the current subject car is hindered by the apparent lack of any records, which I find odd even if not a 1 owner car...waiting on clarification. Also, I would definitely want to drive a 550, it's the reason that model is the only Ferrari I'm considering. The 360 & 355 don't provide the gentleman's coupe experience I'm after and any other factory manual is above my budget, and not one I'd take over a 550. I consider the 550 to be the ideal modern classic Ferrari for me and maybe I'll eventually connect with an F-chat member selling a sorted example.
Thanks and something I've been researching for a while. Maybe the independent techs I'm in contact with are more reasonable but I'm considering $2-$3K/year for regular service/maintenance + an incidental fund. TBH, a high 4 figure annual maintenance cost would likely change my mind. And going back to your P v F comment, no P would substitute a 550 for me, but like the cost of ownership comment above, there's also a breaking point for the amount of time and effort put towards this acquisition. Doesn't help that I really got behind this right when the pandemic started but didn't have ready funds for those deals.
Have you considered a manual 456? Cheaper than a 550, similar performance, and the added advantage of 2 extra seats (albeit for small people or short journeys).
If you desire a 550, this is moot, but this is great advice! I'm one of those weirdos who sought out a 456. It is a fantastic car for likely 85% of what a 550/575 can do. Essentially the same drive train. It is a wonderful GT car. And in the past few years of ownership, it gets waaay more positive attention than I ever expected. No one, even many Ferrari enthusiasts, seems to be proficient in a 456 and it brings out a lot of positive. Only about 2100 manual cars made over the whole production run of GT and M-GT cars. And for the price you can get a pristine one for likely still less than a 550.
I think I've considered all manual, and several F1/DCT models. Mike Berman would attest to that. I know I'm being very particular, probably because this would hopefully be a long hold for me, but the only other car that has peaqued my interest for filling this shoe has been the SLS.
Your budget is too low. That will cover normal use, but not majors, overhaul, or surprise fix. As 550s are now nearing 30 years in age, suspension/cooling/fuel (that's a big one) all need to be gone through. I just finished redoing my entire fuel system on my 456. It was 3k in labor alone. Mind you the only outward symptom was slight fuel smell and common sense knowledge the rubber supports of the pumps likely disintegrated. Surprised/not surprised when pulling the pumps exactly that was seen with hairline crack on the plates. Also ended up needing a new water pump and various worn bushings warranted that be overhaul as the ride for my 456 was worse then my FHP 575 on track tires (stiff). The labor alone to replace all bushings/balljoints/shocks was far outside your budget. Again, labor alone. Realize 456m and 550 share nearly all the same parts for the aforementioned. Its not a question of if they will need to be done but when.
Speakers in rear deck make it a salvage car. Honestly people these are just cars. Buy them if you enjoy driving the last of the V-12 manual Ferraris with lineage back to the 275GTB. These are not an investment. The same money in the SPY will be $1.2 mill in 30 years. There is no way a 550 will eclipse that with lower risk.
Buy a 575 for half the price of a 550. Get used to it for a bit. Then convert it OEM style when funds allow.
The 456 is a good looking car especially the 95's with the hood vents. I would own both if I had the space.