What do you consider to be low, average or high mileage on an F40, considering the model is an average of 20 years old? For example: Low mileage = delivery mileage to 10,000. Average mileage = 10,000 to 30,000. High mileage = beyond that point. I bet owners and enthusiasts alike have a different perspective on this, and my thoughts are that the numbers will be lower for those in the USA as compared to those outside the USA. Please share your thoughts and thank you in advance for participating..
Hi Joe. I break it out a bit different: Ultra low: Under 1500 Very Low: 2-4K Low: 4-7K Avg: 7k-9,999 Mod: 10-15K High: >15K
Generally I've found that to add one million dollars to a car's value it's necessary to drive it about 3000 miles in a 24 hour period in a recognised speed contest.
I am with Joe more than the others. F40s are now getting to be 20 years old or more. How much use do you think is important to get fluids fully warmed? I'd say you should drive at least 30 miles once a month, which over 20 years is 7200 miles - still under 10K and "low" in my view. A car with under 5,000 miles is driven under an average of 20 miles a month - probably not properly warmed up each drive and I'd personally shy away from it (unless I want a static museum piece not really intended to be driven). Just passed 14K on ours which is an average of 60 miles a month over its life, not exactly huge mileage. The use we give it means filters, selas, gaskets, belts, fluids, etc are current, changed and used enough to do their jobs.
A great way of looking at this debate. Which begs the question with the "low" mileage cars, at what mileage point does driving the car no longer take away from premium value?
I,m a f40 owner with 30.000 km, my car is perfect, in my opinion a 20 years old car with 3000 km is not a car is and investissement, and in my opinion this car can have more problems ad a car with 35000km with a perfect services with a full dossier and used regulary. I had some ferrari,s, one of the more probematic had a 412 with 1000 km in 15 years, oil leaks, climatitation unwork, electric problems, original exhaust dead, etc, etc for my the best ferrari is a regulary used car, with a perfect dossier and probably from another ferrari collector.
When I purchased an F40 earlier in the year I felt there were 3 classes of cars avaialble to purchase. 1) Under 5,000 mile show cars that commanded a significent premium. 2) Unmodified cars in the 5-8,000 to 12-15,000 mile range that commanded a premium. 3) Modified cars that sold at significent discount even though every owner said the mods were bolt on; they were not. I ended up buying a 14,000 mile unmodified car because I was going to drive it around 1,000 miles per year and I wanted a car that had not been messed with. The only rub against the car I bought through Joe S was that it was higher mileage and priced accordingly. I tend to agree with Joe's initial accessment of mileage but IMO I feel the modified vs. unmodified issue is an order of matter of greater importance in a numer of buyer's minds; at least it was in mine. Enjoy hearing your responses. Drew Altemara
I'm with you. I've put well over 600K miles on my cars. Every weekend I drive at least two of them at least 100 miles through twisty roads. P 4/5 now has about 8K miles.
Lol @ the OP, I misread your title and thought this thread was about mileage as in MPG. Was going to say, who the hell cares.
You know it really does depend. I have just bought 1988 road version of a group B car that has a confirmed 4500 miles on it. But the car looks as though it has done 15000 miles on it! Ok as a result I bought it a significant discount, and I bought it with the aim of effectively recommissioning it entirely, including an engine rebuild! The car basically did most of its miles in the first 9 years of its life then sat around the remainder collecting dust. So what that it has a very low mileage. I have seen cars with three times that mileage in pristine condition. So its not really that much about mileage but the condition. Overall I prefer it if a 20 year old car has between 8-12k miles on it because, like others have already stated, it means the moving parts have actually had a chance to do just that.... And its also less likely to have been forgotten by the owner because it was stuck in storage. Out of sight means out of mind!
Understood, what your preference is. But, per the OP, "What do you consider to be low, average or high mileage on an F40" ??
Thanks for your input Drew. Interesting comments about the mod cars that are claimed to be reversible but are not-so-much. Bob Houghton mentions the same thing in the November 2010 issue of Octane's Ferrari F40 Buying Guide.
Low mileage is agreed < 5000km Then a gap Average 8000 - 15000km Another gap High anything over 30000km Which a lot of people shy away from but I guess like someone mentioned, not really adversely affecting any component. The major thing with an F40 in particular is with a higher mileage it usually means several owners, one of whom will treat the car roughly. That is anything from hitting a curb to not bothering with proper services.
This is the way I'd view it in the mindframe of buying a car: This is the way I'd image the market perceives it as:
An F40 was sold in Australia recently with only 200 kilometers on the speedo. A 20 year old car with 125 miles on the clock
IMO that is a backwards perspective. Buying a low or very low mileage car of this type should be done for two reasons only. Reason one is for its long term collector value in which case it should be driven as little as possible, like from the trailer to the show grounds and the reviewing stand. Many of the collectors I know fall into this catagory and many own another same or similar car to drive. Reason two, your own personal time machine. You really wanted one new but were a starving student and couldn't afford it. Now you can and every bit of patina can be yours. Not a bad choice either because in folding money an extreme low mile F40 is still cheaper the the selling premium they were going for in 1990 and if you calculate adjusted dollars even at todays price you are stealing it. We got a 10 year old TR with 900 miles for reason two. We paid less than 1/3 what the original owner did and with any luck I will live long enough to wear it out. It was cheap looked at with the correct perspective and every rock chip and leather crease is ours.
Good point, and I think that as F40s transcend 20 years of age, mileage becomes less of a factor relative to condition and maintenance history, in determining value.
Seems about right - though might add the in-the-wrapper/delivery miles cars at under 1K miles, as a good few were moth-balled from the get-go as future time capsule collectibles. Would guess these will always represent the high-end of the market, other than perhaps the prototypes - which may be mileage-proof due to their rarity.
Price of an F40 new in 1989 was about 420,000 USD. Adjusted today using CPI adjusts to about 730,000 USD. I suspect that a 125 mile as new F40 would sell today for about 700k. Am I right Joe?
