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Pre-owned. How many owners are too many?

Discussion in 'Ferrari Discussion (not model specific)' started by jjmalez, Jun 17, 2020.

  1. jjmalez

    jjmalez F1 Rookie
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    Apr 8, 2005
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    Joseph
    Hello,

    Looking at a couple Ferrari's in my price range. (348-360) Question, how many previous owners are too many?

    Found a nice looking 348. Carfax lists eight previous owners. Yes the car is 26 years old. But eight owners?

    I see this regularly in the 348/355/360 market.

    Joe
     
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  3. 19633500GT

    19633500GT F1 Veteran
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    Nov 9, 2010
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    Muffin-Tops
    Joe. If it looks nice, drives nice, and the PPI checks out alright, who cares how many owners. They aren’t driving it, YOU will be.
     
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  4. Alex308qv

    Alex308qv Formula Junior

    Jul 1, 2016
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    Yeah key is professional PPI and (if available) a review of the maintenance records, and if possible a conversation with 1-2 prior owners. Eight feels like a lot but many owners of occasional use cars run through a lot of them. Doing these things should provide reasonable assurance there isn't some underlying issue causing the sales. (Also, I have also seen Carfaxes that look like multiple owners when it is sometimes the same owner moving and re-registering in a new state.)
     
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  5. vrsurgeon

    vrsurgeon F1 World Champ
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    Dec 13, 2009
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    How does it look right now. Mine had like 6-8 owners 10 years ago, I still bought it and she's been PERFECT. You ask about the owners to get an idea about the condition of the car when you buy it... why not do a PPI before you buy it... to get an idea about the condition of the car?
     
  6. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
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    Fewer is better but Ferrari owners tend to be a fickle lot and always looking to move on to another car. I did that myself in my early days of Ferrari ownership. Over time, I've kept them for longer periods. I would recommend doing as much research as possible to see if there are chronic issues but barring that, I wouldn't worry about it too much.

    Dave
     
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  8. PFSEX

    PFSEX Formula Junior

    Jun 30, 2006
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    A lot of these cars had multiple (2-5) owners in their first couple of years. This was back in the days when a current model (or one iteration old) car in hand was worth significantly more than its MSRP. I would say that the import thing to look at is how many owners in the past 5 years.
     
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  9. technom3

    technom3 F1 Veteran
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    Yes. This makes alot of sense.
     
  10. Ron328

    Ron328 F1 Rookie
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    Mar 10, 2003
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    Exactly.
     
  11. Husker

    Husker F1 Veteran
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    Buy for condition and records.
     
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  13. Robb

    Robb Moderator
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    Feb 28, 2004
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    Right, buy something special that has been well maintained. Number of owners really isn’t a worry. Was it a Vegas rental car? That would be more of a worry...

    Robb
     
  14. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
    3,921
    I like this for an approach....for a 25 year old car, maybe go back and look for 10 years of stable ownership. Another concern is miles over time. It could have had just 1 owner the last 10 years, but if he only drove it 1,000 miles during that period I would be concerned.
     
  15. Texas Forever

    Texas Forever Four Time F1 World Champ
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    Apr 28, 2003
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    Texas!
    Gerald Rouse of Ferrari Market Letter fame used to say only three things mattered when buying a used Ferrari: (1) Condition, (2) Condition, and (3) Condition. What happened before was not relevant. His specific reference was to vintage Ferraris. If you're looking a 275 GTB, for example, what difference would it make if the car was previously crashed beyond recognition. All that matters today was how well the car was repaired.

    I think the same holds true for newer Ferraris. I would only buy a "known car," where you know what has happened and what repairs have been done. Buying an unknown car is not for me.
     
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