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Advice on 550

Discussion in '456/550/575' started by stephens, Feb 24, 2004.

  1. stephens

    stephens F1 Rookie
    Lifetime Rossa

    Feb 13, 2004
    4,483
    Australia
    Full Name:
    Stephen S
    I have just been offered a great deal on a 1999 550 Ferrari with 11,000kms and full service history, for less than half the price of a 575M and almost 100K Aust less than equiv cars for sale currently. It is a friend who is looking to cash up quickly. Is there anything I should be looking for specifically? I wouldn't usually look at the 550, but I understand they are a great car and the deal is very tempting.
     
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  3. Varenne

    Varenne Formula Junior

    Nov 8, 2003
    554
    Atlanta
    Full Name:
    Mark
    Almost $100 k LESS than equivalent carrs currently being offered?

    The last time I checked, 550s were generally going for $130-$150 or so. How much less than that are you being offered ? Maybe I just misunderstood you.
     
  4. MadMaxx

    MadMaxx Karting

    Nov 5, 2003
    105
    I think the "aust" he refered to was Austrailian... not sure the currency rate there.

    Just a guess.


    James
     
  5. Varenne

    Varenne Formula Junior

    Nov 8, 2003
    554
    Atlanta
    Full Name:
    Mark
    Aahhhh, that makes more sense. Still 100k LESS than equivalent cars still seems like it's pretty unbelievable....that's about $78k in USD...sounds like he's potentially getting a '99 550 for something like the equivalent to $80k in US currency...
     
  6. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    22,235
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    No... the prices for 550's is depreciating more reasonably in Oz. Even the MSRP is more expensive there. Check the "life in Australia" thread.

     
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  8. stephens

    stephens F1 Rookie
    Lifetime Rossa

    Feb 13, 2004
    4,483
    Australia
    Full Name:
    Stephen S
    The car is being offered for less than 260K (USD 200K ) similar cars are 340K - 370K (USD 265K- 295K), but the prestige market is really struggling here at the moment from what I understand.
     

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