Prospective Buyer- Testarossa, 550 or 599 | FerrariChat

Prospective Buyer- Testarossa, 550 or 599

Discussion in 'Boxers/TR/M' started by read33, Apr 19, 2024.

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  1. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Hoping for a robust response here. I want to buy a 12 cylinder Ferrari (I have and have had some 8s). My inclination is to find a really good 12 cylinder 2 seat Ferrari to keep for years and drive- 50 mile Sunday runs and an occasional 300-800 mile weekend getaway road trip car.
    My purchase/immediate service budget is a flexible $165-180k.
    The thought is to get an excellent low-ish mile example, drive it, , maintain it impeccably and see how I feel in 5-10 years. I’m not daydreaming about a 5x return on investment, but future values are certainly on the decision scales for me. Thrill to drive factor is big. I do not expect to track it.
    I am hoping you fans/experts can weigh in here.
    I do like the 550s… and the 599s too.
    Please share your thoughts
     
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  2. Billveloce

    Billveloce Rookie

    Dec 17, 2023
    27
    Full Name:
    Nabil kabbani
    There are some nice 550 and 599. They are more recent cars with the service implications. The BB’s are beautiful machines but not one I’d put lots of miles on to preserve the collectible value. And they are quite pricey.

    I like the mid-engine setup and the iconic look of the Testarossa. It was the 80-90’s poster car right next to the Countach which is now $750k. The TR is poised to rise in value at some point. You can get a solid example well within your budget and leave some money for incidentals or perfecting any flaws.
    They’re not too finicky to maintain and parts are still available. It’s a great cruiser for long drives and a huge attention getter. Some have been driven past 100k miles happily. It’s a drivers car.

    If you’re planning on putting serious miles, then it may not be worth paying extra for very low mileage cars. Unless they’ve had an engine out open wallet service recently, chances are you’ll spend a lot on repairs soon. Get a 30-60k example and you won’t feel bad adding 20k miles on it, nor will you take a value hit lol you would if you paid extra for a 3k miles car and wanted to sell it with 30k miles on it.

    Hope this helps. Good luck!



    Sent from my iPhone using FerrariChat
     
    read33 likes this.
  3. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Thank you! My thoughts are that a car with 7-15k miles on it now can be an immaculate car without a “don’t-you-dare-drive-me” premium, but while still allowing for a concern-free 8 to 10 year run of averaging 1500 miles a year. The Ferrari world of low mileage hysteria is silly/frustrating to me but the perception has cemented. Certainly I don’t look to make money on a car, but the right Ferrari purchased at the right time allows for appreciation that keeps up with running costs.
    Testarossa or 599 or 550… Three very different cars. Difficult, but what a wonderful conundrum.
     
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  4. NGooding

    NGooding Formula Junior
    Rossa Subscribed

    Apr 5, 2021
    961
    Connecticut, USA
    Full Name:
    Nate
    7-15k seems like a decent number for a 599, but it sounds low to me for a 550 and very low for a 512, at least in the context of how you plan to use it.

    I'd think you'd pay some premium for that mileage on those older cars. It also means the car sat a lot. I have no personal experience with lightly driven Ferraris. But a lot of people around here are adamant that these cars get better when they're driven, and have issues when they're not.
     
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  5. M. Brandon Motorcars

    Sponsor

    Sep 4, 2007
    1,825
    Houston, TX
    Full Name:
    Michael Foertsch
    A TR is a very different car to a 550 or 599, obviously.

    I tell my clients, when they come to me with these type of questions: what have you laid in bed thinking about? What do you want to see in your garage, have a glass of wine/scotch/whatever, and just look at? If you’re thinking about a Ferrari, you’ve already had these thoughts.

    Then you’re ready to get into the specifics about what car to buy for a particular model.
     
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  6. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Love them all!!!
     
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  7. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    36,411
    Cowboy Capitol of the World
    Full Name:
    Brian Crall
    I own a TR and have driven and worked extensively on the others. All are great cars for a road trip and are at their best in that environment.
    Buying a Ferrari really makes no sense, it needs to be driven by some internal emotion. If one of those models speaks to you forget the others.
    TR really needs to be considered a vintage car at this point. Many parts are getting very difficult to get. I have come to terms that if ours is crashed, even a minor crash it will be totalled because lack of parts will insure it will be out of commission for a very long time and at my age that loss of use will be a deal killer.

    550 really steps into being a modern car and the 599 even more so. Far more people available to properly service it and vastly improved parts availability. They are however very different in driving experience.

    All are great cars, Id own any of the 3 and really enjoy the experience. Find a way to drive them. It will probably make the decision for you.

    ..
     
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  8. lagunacc

    lagunacc F1 Rookie
    Rossa Subscribed

    Aug 24, 2013
    3,420
    Usually followed by some kitschy quote about girlfriends.

    All regurgitated nonsense.

    Buy the lowest actual mileage / best F you can afford, and drive it a little or a lot, as you prefer.
     
    read33 likes this.
  9. NGooding

    NGooding Formula Junior
    Rossa Subscribed

    Apr 5, 2021
    961
    Connecticut, USA
    Full Name:
    Nate
    Interesting. Like I said, I have no personal experience with lightly driven Ferraris. And I don't think(?) anyone would suggest that you should seek out a 200k mile Ferrari. Just that ultra-low mile Ferraris (a 7k TR seems pretty borderline) may not be worth the premium and may, in fact, have issues that result from sitting so much.

    That notion has always made some sense to me. Gaskets and rubber bits don't get exercised and lubricated so can start to dry out. Issues arise with E10 fuel and other fluids sitting. I've also always had a theory that garage queens are less likely to be carefully broken in - if you're only going to put 200 miles a year on a car, are you really going to wait three or four years to start driving it hard?*

    Sounds like you're saying these aren't valid concerns with garage queens. I'm curious why you think so. (Not arguing, just learning.)

    (The flip side - that they get better with miles - has always seemed like a stretch. The theory I could maybe buy is that issues are discovered and sorted by driving. But, of course, other issues will surface as parts wear.)

    Even if you're right that garage queens aren't more likely to have issues, is it not still sound advice to skip the low mile premium if you plan to add a lot of miles? If you were planning to put 10k miles on a 599, would you pay the premium for a 2k mile car?

    ----

    * Yes, I know a lot of people ignore the break-in guidance, I'm just speculating that this could be more likely for lightly driven cars.
     
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  10. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,190
    Some questions for the OP:

    What is low-ish miles in your mind?
    How committed are you, if at all, to a manual transmission (since you have a mix)?
    Do you have a preference for a mid-engine car (since you have a mix)?

    You can tell from my questions that a 599 is an outlier....why no 575 listed?

    I also think your budget would struggle to include a 550. On Autotrader, just 1 of 6 would fit your budget, and it has 42k miles...AND is a repaired salvage
     
  11. lagunacc

    lagunacc F1 Rookie
    Rossa Subscribed

    Aug 24, 2013
    3,420

    Your points are all very valid and should be taken into consideration vis a vis one's intended use and budget.

    I was referring to the oft encountered refrain "gee, what a pity the car wasn't driven" and a well known collector's signature comparing Ferrari's with girlfriends.

    Nothing with buying a car and staring at it if that's what one likes, and nothing wrong with putting lots of miles on a car.

    One shouldn't assume that mileage accrued linearly. There are 2k miles examples that were regularly started and maintained and 20k cars
    that sat and have the issues you mentioned.
     
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  12. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    36,411
    Cowboy Capitol of the World
    Full Name:
    Brian Crall
    I have dealt with this more than anyone else on this entire website. It is for the most part regurgitated nonsense. A good car when left unused for a long period needs a serious but not very invasive going over prior to being put in service. Very few know how to do that. When you are done you have a very nice car with little to no wear and tear. If you park a poorly maintained piece of **** for a long period you still have a piece of **** and those cars account for most of the stories. Why skip the low mile premium? Do you want a discount hotel room with the bed and towels left form the prior occupant. Count me out. I want a car that was treated the way I treat cars and there is only one way to do that.
    Its mostly a wives tale from those who were unaware of the entire story.
     
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  13. NGooding

    NGooding Formula Junior
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    Apr 5, 2021
    961
    Connecticut, USA
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    Nate
    #13 NGooding, Apr 20, 2024
    Last edited: Apr 20, 2024
    That makes sense to me, thanks @lagunacc and @Rifledriver. Glad I put the notion out there since it's prompted helpful input.

    All else equal, do you agree that you'll pay less depreciation putting 10k miles on a car that starts with 15k miles than one that starts with 2k miles? I'd think so. You'll pay for those miles either way, but the depreciation curve presumably is steepest at the lowest miles. A good investment in happiness either way though.

    When I bought my Lusso, it had 15k miles on it. Which mostly was a non-issue for me because I love the spec, it was impeccably maintained, and owned by a well-known member of the community. But I took the "high" miles as a small plus since I'm going to put a ton of miles on it and figured that low mile premium was already paid by the prior owner. Doesn't particularly matter to me either way since I adore the car, but what do you think...was I out to lunch? :D
     
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  14. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    To me lowish miles means low to high teens.
    As I consider this more and more I have put the 550 out of my mind because it’s not as visceral to me as the others… and they have run up past my comfort level in terms of price. The 575 is great, but I’d prefer the gated 5 speed of the Testarossa and the brutal power of the 599 over the 575 (the gated 575s are beyond my reach)
    Testarossa vs 599 is apples and oranges, but I really am stuck. Both undervalued IMHO and I don’t think the state of things will last much longer….
     
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  15. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    For me personally- I just do not understand the garage queen mentality. I’m not knocking those who don’t drive their cars, I simply do not understand it.

    To me, the best mileage on a target car is 10,001 miles. It is past the psychological threshold that impacts value and lets you put 15,000 miles on over 5+ years without concern. I have done exactly that with a few Ferraris and the result has been that the cars are pretty much free because if you buy them right and take meticulous care appreciation keeps up with running costs.
    I always wanted a 12 cylinder 2 seat Ferrari- I really do love them all, but I think the 599 and the TR are in that price point that makes them excellent candidates. As far as parts and services go, I am lucky to have Joe at Universal on Long Island as a trusted mechanic (and friend) for many years.
    Decisions… decisions.
     
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  16. mrp_e

    mrp_e Formula Junior

    Dec 19, 2003
    973
    Coasts
    Full Name:
    Bill
    I own all three and will humbly suggest in order 1.) TR 2.) 599 (converted) and 3.) 550. If you're not interested in converting a 599 to manual, personally I'd put the 550 ahead to 2nd place. The TR is so low and exotic in person, every time. Wins the garage visit competition. Especially in red or black (to me). And with a performance exhaust/etc, you can juice her up a bit. It's an icon. The 599 and 550 are not hard on the eyes either and each have their own beautiful design details, and are certainly on another level performance wise than the TR, which won't mean anything for the short drives, but it becomes a little more meaningful on the long drives. I drove my TR from FL to MA in one stretch so I'm not suggesting it's never fun, but 20 hours in the 599 is like flying first class it's so refined and smooth, 550 close behind let's call it business class, in comparison to the 599. The manual conversion route is for sure not for everyone, which I respect. To me, the f1 599 is just too easy and smooth to give me those Ferrari goosebumps, but I respect the f1 is far more capable in terms of acceleration. I took my 599 to Chuckwalla last month and as fun as it was, no doubt the f1 would have been more blistering on the track. I bought my argento/nero 550 ten years ago with 15k miles and now she's just shy of 50k. I did three memorable, wonderful coast to coast blasts that could not have been more amazing, and I still love it, but she doesn't look like the TR and doesn't go like the 599 (which feels twice as powerful and half the weight). I'd suggest to torture yourself a little more, add the 456GT to your consideration list, they're obviously a different thing being 2+2 but in person it's gorgeous and still a ridiculous bargain. Few youtube vids been popping up lately about its design history and background. But I'd still say TR is tops, for that 12 cylinder dream. Great question!
     
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  17. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Wow. Thank you. I fully agree. Yesterday I bought the TR. Actually I created a new thread… posted pics (red/black). It’s coming to me in NY from California… it needs a major service, a straight pipe, a Capristo exhaust, and new tires. I have it going to Universal Auto Sports on Long Island to do all the work…. Can’t wait!!
     
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  18. mrp_e

    mrp_e Formula Junior

    Dec 19, 2003
    973
    Coasts
    Full Name:
    Bill
    d'oh that was you
    outstanding
     
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  19. LightGuy

    LightGuy Four Time F1 World Champ
    Silver Subscribed

    Oct 4, 2004
    43,639
    Texas
    Full Name:
    David
    I've driven the 550 and 599 fairly hard.
    To me they are obviously front engined. To some that's a plus. A Luxury tourer.
    To me its a deal breaker.
    There are plenty of front engined "gentleman" tourers out there. Very few mid engined V12s.
     
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  20. Zeff

    Zeff Formula Junior

    Oct 8, 2018
    690
    Cupertino, Ca
    Full Name:
    Ryan
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  21. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Yes! That’s it. I agree regarding the dealer. Actually this is the third Ferrari I’ve purchased from RJ at Marshall Goldman (they are in Ohio- and I’m in NY).
    In my experience (and that of two friends who each bought multiple cars from RJ at MG), they are honest, professional and a lot of fun to work with- enthusiastic, friendly car guys… in business for decades. First car I bought from RJ was a 328 in 2015. I still have the car.
    As for the cars they sell, they all seem to be no story, top-of-the-line examples. This is reflected in the price, but the premium is more than repaid in peace of mind and ease of operation. I recommend them enthusiastically and without reservation.
     
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  22. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    36,411
    Cowboy Capitol of the World
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    Brian Crall
  23. read33

    read33 Karting

    Mar 23, 2017
    80
    Long Island
    Yeah, a similar comment was made here by another FChat member (albeit politely) and the issues were acknowledged by me as being understood at purchase. MG didn’t perform the last service and the car hasn’t been driven since. In any event, the obvious and easily fixable issues you note are irrelevant as the car is in excellent overall condition and is getting fully sorted mechanically right now by Joe at Universal on Long Island. Joe has 30 years of Testarossa experience. Thanks for your comment though- you are particularly helpful and pleasant.
     
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  24. Zeff

    Zeff Formula Junior

    Oct 8, 2018
    690
    Cupertino, Ca
    Full Name:
    Ryan
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