Should I be afraid of a 70k 550M? | FerrariChat
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Should I be afraid of a 70k 550M?

Discussion in '456/550/575' started by apd7147, Dec 22, 2013.

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  1. apd7147

    apd7147 Rookie

    Dec 22, 2013
    6
    #1 apd7147, Dec 22, 2013
    I am looking at a 1999 550M with good doccumentation. Should I be afraid of a 70k 550M? The price is almost half of a low milage 99 550. Any thoughts? Thanks
     
  2. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,667
    South East
    Full Name:
    Jimmie
    #2 greyboxer, Dec 22, 2013
    As soon as you use the low mileage car the extra value will be lost - there are many instances of that engine in higher mileages without major bills - unless of course like one recent poster your intention is not to use it anyway.....
     
  3. fatbillybob

    fatbillybob Two Time F1 World Champ
    Consultant Owner

    Aug 10, 2002
    29,021
    socal
    #3 fatbillybob, Dec 22, 2013
    depends...run hard put away wet or maintained? It is so depreciated out that soon the parts value alone will be worth the entry fee. At that point how can you loose?
     
  4. ///Mink

    ///Mink Formula Junior
    Silver Subscribed

    Sep 5, 2006
    820
    Fair Oaks, CA
    Full Name:
    Tom Mink
    #4 ///Mink, Dec 22, 2013
  5. wbklink

    wbklink F1 Rookie

    Sep 2, 2009
    3,420
    Los Angeles
    Full Name:
    Bill Karp
    #5 wbklink, Dec 22, 2013
    The key being "good documentation" if has been serviced properly your good.

    I would take over a low miles car that has been sitting around 14 years .... They love to be driven (and serviced) !

    JMO.

    Cheers,
    Bill
     
  6. ferraribrit

    ferraribrit Karting

    Feb 27, 2009
    159
    Ridgeland, MS
    Full Name:
    Paul
    #6 ferraribrit, Dec 22, 2013
    2 years ago I couldn't give my 2001 550 away because it had 39k miles on it!!!!!! I put 12k on her in the previous 3 years and had replaced just about everything that the garage queen cars will need to have done as soon as they're driven.

    So, no don't be afraid of a car that's been driven. In fact, if you plan to drive the car (please do, they're fantastic), I think you'll be better off with a car that's had some regular use and therefore cheaper. Quite simply, the service records should show what's been done already. The more stuff that has been recently replaced (i.e. hoses, ecu's, bushings, etc), the better.

    Best, Paul
     

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