O.K. I'm sure it's been discussed before but there seems to be a vast number of 348's with super low mileage out there,sorry I'm calling B.S. As low as 4000 miles on a 15-18 year old car,get real, even 15000-20000 miles seems low. Granted, I'm sure there a few garage queens that fit this category but it seems unlikely that many of these cars have that low of mileage given the fact that so many 348's were produced. Do the math 400, 800, 1200 miles a year? I've heard that many of the sending units or entire speedos went bad needing replacement and that unscrupulous dealers/owners never recorded the fact, not to mention the crooks that just disconnected the speedometer. I know that my speedometer was replaced at 26000 miles because I checked the numbers on all repair receipts before purchasing. Even DMV records can be deceiving if the car was reregistered and the current owner did not report a speedometer replacement and or actual mileage. Hey, getting a PPI is one thing but doing your detective work on all paperwork is just as important. If the seller does not have complete documentation on maintenance, good luck, you're probably about to embark on the 'Starship Enterprise".
There are tons of Ferraris for sale all over the place especially on Ebay that have super low miles on them. Usually the low millage cars are sold to friends and family becuase they are so well kept. There was one dealer on ebay Naplesautosport or something like that used to sell 355, Testas, ect with only 4K or so on them all the time. It makes you wonder. I can see them finding a car once and a while but every car they sold had super low millage. I dont think they are around anymore. If you have been looking for a particular model then you will be used to the tell tale signs of wear and tear on certain models and can guess the milage. If it dosnt look or feel right then walk.
I bought my car with 9500 miles on in it 2001 / it now has 11k on in the car. You do the math. The speedometer started to act up / Ferrari told me to replace speed transducer / I don't think there is a difference in 5 miles.... There are low mileage cars / they are REAL numbers. And they may be worth pursueing if you can find them.......
Good for you, I think. You've had your car for 6 years and you drive it less than 20 miles a month! Sorry, you're the one that's missing out. Drive your car or hang it up on a wall and look at it. If it's a 246 Dino or a classic GTO that's another thing, there were only so many produced and they have seen some years, on the other hand if it's a 348/355 the manufactured numbers are too high to put up on a pedestal yet. Do you not like your Ferrari? or do you have a collection of many toys that this is just part of your collection? Seriously, why don't you drive your car?
I bought my car with 34,000km on the clock in 2005. Car now has nearly 40,000km on the clock. They ARE the original km's on the car. I have the complete service history with my car and the mileage has been documented since new. Every km is accounted for on paperwork from service records ect.... One year, the car travelled less than 800km for the year. Another time, the car did 35km before it had a AU$800 service. Both times, before I owned the car. Drive your Ferraris gentleman...............
You can always verify this by looking at other wear and tear items. Most obvious candidate is the leather and seat bolster condition. Then look at inside the engine, condition of rubber seals, etc. Last but not least, there's always carfax. Not the end-all-be-all for a PPI but just any data point. Any well taken care of car will have a full service history with someone who used to work on the car to talk to. You're not being a Honda so most techs will remember each car they service.
I would'nt believe most Ferrari odometers as most have been clocked. It's easy to do even on a car with an F1 gearbox. I got my 348 2 years ago with 25,000 miles on it. It's got 35,000 miles on it now and that's with it having the engine out for nearly 4 months. I drive it more than my other two cars put together and I work from home.
Carfax helps with tracking the mileage. Mileage gets recorded when the car changes hands, gets inspected, emissions test, etc. And quite honestly I wouldn't want a low mileage car - engines last better when they're used and not sitting. Instead of paying top dollar for a 5k mile car which you wonder about the odometer, buy a 20k+ mile car - save money, sleep well at night, and drive it more!
I'm with Bushwhacker. I'm calling BS. As an owner of a "high mileage" 348 trying to sell, everyone wants a "low mileage" 348 to buy. The 348 is definately not a GTO so why let them sit? It's a $50K investment at best, I paid more than that for my X5... It's not like they are going to go up in value...
Absolutely, I picked up my '99 355 with 37k miles on it - which is about 4500 per year. That's perfect. And I can drive it all I want and not worry about mileage depreciation; my opinion is that pretty much everything over 25k miles gets put into the 'high mileage' category. Same pricing between a 30k and 40k mile car. But from 10k to 20k there will be some price difference...so if you pay more for a 10k car, yeah the more you drive it the more you lose in value (right or wrong, that's just what the market is unfortunately).
Yes! I have seen a few cars with very low miles that look like they have been off roading for every single "low mile".... This is a sad reality.... that few will admit happens..... lest it causes doubt on thier own 'low mile' car.... +1... I personally wouldn't like the piston rings sitting in one place too long.....
I am happy with my "high mileage" 348. It's been consistently driven & has a paper trail for 15k & 30k services. I purposely avoided the low mile cars (out of suspicion & thriftiness).
+1 I bought mine with 29,500 miles on the clock. It now has 47k. While I have absolutely no regrets or concerns with the seller, I seriously doubt the original mileage. People who f$%k with the odometer obviously can't afford to own the car in the first place, and really have no business in the marque.
If I am going to drive a Ferrari I would rather have something with 22+ on the dial with records up to date than to have a sub 10 even with records.
Bushwacker, I think you are being a bit harsh on this gentleman. ( I am in agreement with you on odometer falsification and people not driving their cars enough) BUT, I think you should go easy on this guy...you are complaining about fictitious low miles, then given a first hand example of truthful low miles, and give the guy a drubbing. I think everyone should drive and enjoy their cars as much as possible...(I recently turned 45k on my 97 355 spider), but believe SOME should keep low miles...just so I have a nice selection of cars for my next purchase!
First, apologies if I was a little harsh, no offense taken but the gentleman did ask us to do the math and we did. He is assuming the miles on his car are correct and I sincerely hope for his sake they are. And granted there are some prize example cars out there that do have zip for miles. Some individuals have multiple cars in their stables and can afford to drive their steeds very rarely, some are collectors and speculators and again drive rarely in hopes of monetary appreciation (maybe 40-50 years) with so many being manufactured. Some, I'm sure are widower cars left in some garage for years only to be discovered as the dream car garage find of the future. BUT, Sorry, to own a mass produced Ferrari such as the 348/355 and drive it less than an average of 240 miles a year, personally, I find astonishing, just my opinion though. If you own the car you can do whatever you wish, you can paint it pink, turn it into a dune buggy or just marvel at it sitting there in your garage as the piece of beauty it is, turn it into a dining room table in your home, Whatever floats your boat. Just don't expect a medal and kudos from those that actually drive their Ferrari's. Hey, maybe were just all jealous and envious of such gems and in 40 years these cars will be worth eighty ca-zillion dollars and all the rest of us will have to show for driving our Ferrari's is a ca-zillion miles of smiles. Who knew!
I drive mine as much as possible, record is 2300kms in two days. But over winter I wont use it for 4 months solid and during summer Im pretty busy and might drive it every 3-4weeks if Im lucky. Its not like I dont want to drive the car but more the time I dont have. Plus I know a few people with Ferrari's that are not at there current living place. So they might have drive even less then me. I bought it with 11,000kms and Ive done 9,000kms ontop. The condition shows its true. I remember while hunting for it I saw two cars in condition you cant imagine and it had less then what I had. Some BS some are for real.
I bought my Spider with 14,800 miles on it and tought I was getting a virgin car. I noticed that the speedo would sometimes stop for a few miles then restart. Then a few weeks later, the speedo sensor died and I realized that it was very likely that my car had much greater mileage on it. A major service indicated a pretty worn/stretched timing belt. I still wonder about mileage on that car. I assume it was pretty close, however.
Good point, Nodoubt, Ernie,Fatbilly,Goth, Plugsit,Daniel,Pap chime in here ............is there a real substantiated historical issue with these speedo units?
I bought my car with ~15100 miles on the clock. My car belonged to a multiple Ferrari owner - I believe he had some 6 Ferraris - so he didnt drive them very much. I think my mileage is correct based on the carfax history. Right now my car has 19600 miles on the clock - nearly 5000 miles in 8 months. I intend to keep my car for many years and do 5k miles every year. Dennis and Goth, watch out I am gonna catch up with you guys soon. People who buy 348s and don't drive it are saving it for people like me. Now all you Challenge Stradale owners ... drive those suckers and bring its value down. I want to buy one a few years time.
Awesome! Sam, you definitely have one of the choicest 348's on the planet, in the solar system, the galaxy, the universe...oh, you get the drift! A true driver.
