512M info/advice

512M I am looking at has some issues that give me concern about what initially looked like a pretty nice car. First thing that caught my eye was black carpets on a tan interior car. They look like authentic carpets/mats but I have never seen black carpets on a tan interior car in a 512M or on any other Ferrari of that era. Second issue is that in one of the photos of the books/records the leather cover has what looks like white mold all over it. I've never seen that before. Third, the service records provided show a recent bill for $60,000 in service which mentions cleaning mold out of the engine bay and from under the car. Lastly, carfax shows a mileage inconsistency but no mentions of accidents or the car being in a flood.

This car is being offered by an authorized Ferrari dealer otherwise I wouldn't even be asking about it anymore. Maybe I'm naive but I wouldn't think an authorized Ferrari dealer would want to mess around with some car that had been in a flood and had the odometer rolled back.

I have been cautiously looking for a good manual V12 and have been looking between 512Ms and 550 Maranellos. Goes without saying that everything is priced at a sky-high number for whatever it is and I have no interest in getting into anything that is an unknown and going to cost me a fortune in time and money to make right after the purchase.

I don't know what the etiquette is for sharing photos and service records provided by a dealer for a car currently for sale is these days but happy to share if that isn't frowned upon.

Any input or thoughts would be welcomed.

 

I didn't even know mold remediation was a thing with cars. How does a car even get mold that extensive without being submerged in water?

 

If you are willing and just an enthusiast/owner (not a broker/dealer) could you PM me?

I believe the car is a US car and is currently advertised for sale at an authorized dealer. VIN: ZFFVG40A0S0100797. My initial impression is the car has been in a flood and had the odometer rolled back.

I guess I shouldn’t be but I’m just shocked that factory authorized Ferrari dealers would participate in this kind of garbage. If what I wrote above is correct this will be the second time I have come across this kind of thing with a major authorized dealer. Last time was close to purchase of a F355 Fiorano and during PPI at an independent shop it was found that the car had been in a major accident.

I guess they just stand to make so much money if they can get a taker at these inflated prices that they just don’t care.

 

I personally like the 512M but am well aware many don’t.

I don’t have a feel for the market outside a few insane prices I saw on auction sites for some ~2,000 mile examples.

I’m not dying to own one but if I had the chance to purchase a quality example at a fair price for the specs at the time the desire is there. I also like the 550 Maranello but want something a bit special and finding an FHP Maranello in a color and condition I am happy with is assumably much harder.

I wasn’t aware that odometer fraud was somewhat that was so prevalent with Ferrari dealers but I do see what you mean with there being tremendous financial incentives for them to try. Since the early 2000s it just seems like they can sell any piece of junk they want at whatever price they want so why waste time taking risks when you don’t need to.

This is a link to the vehicle: https://www.ferraricf.com/inventory/used-1995-ferrari-f512-m-rwd-coupe-zffvg40a0s0100797/

 

Beautiful car. I’m glad you got lucky. Appreciate your input.

Having a pro (if you can find one) do a PPI is extremely necessary. It has saved me from several catastrophes.

 

Thank you for these details. Always nice to know the particular tells for each car.

I agree with you on all points. Hope to have an opportunity to purchase a quality example at some point.

 

Thank you for this info. I wonder what the real story is of the car.

 

That is what must have happened here. Who knows but I get the sense that it must have suffered something like this and then been left to sit for some period of time afterwards. The service records make a few references to the electrical system but nothing that directly mentions replacing anything with the battery or the odometer.