What should I consider when buying a 575 with very low miles? | FerrariChat

What should I consider when buying a 575 with very low miles?

Discussion in '456/550/575' started by roccoriley, Jun 25, 2007.

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  1. roccoriley

    roccoriley Karting

    Jun 24, 2007
    230
    So Cal
    I am considering buying a 575 F1 with less than, say, 2000 miles on it. What should I ask, what should I look at, what should I do as due diligence.

    All of the cars I am serious about are being sold by dealers. I have checked them out with Carfax. With this kind of low mileage, should I pay to have a prepurchase inspection?

    Any comments would be appreciated.

    Thanks
     
  2. synchro

    synchro F1 Veteran

    Feb 14, 2005
    9,294
    CHNDLR
    Full Name:
    Scott

    Absolutely YES, but by a trusted shop that is not affiliated with the seller. THere are several examples here of low mileage cars that have sat and they are not the better for it.
     
  3. roccoriley

    roccoriley Karting

    Jun 24, 2007
    230
    So Cal
    What does a PPI consist of and how much does it cost for a 575?
     
  4. titanium360

    titanium360 F1 Rookie
    BANNED

    Nov 10, 2003
    3,446
    i know of a titanium/dark blue 02 with less than 1800 miles that my friend just traded in to the ferrari dealer. i know that they are going to do the major on the car and the car is clean if interested pm me and i will put you on to the right preson
     
  5. roccoriley

    roccoriley Karting

    Jun 24, 2007
    230
    So Cal
    Thank you, email is on the way!
     
  6. vandevanterSH

    vandevanterSH F1 Rookie
    Silver Subscribed

    Jan 27, 2005
    3,158
    AR
    Full Name:
    Stephen Van Devanter
    I would look for a 575 that is still under warranty. It give the new owner great piece of mind when driving off of the lot. If you are looking at cars more that 36 months old (from build date) make sure it had had timing belt change. The "belt change" is not included in a "major service" and may or may not be need at the time of a major. If you plan on driving the car and keeping it for a while, I would think about a car with 10-15k miles with a warranty.
    the "bugs will have likely shown up, and with a market that punishes miles..you will save money that you ccan use for the service bills.


    Steve
     
  7. 360Grigiotitanio

    360Grigiotitanio Formula Junior

    May 17, 2004
    436
    Bay Area, California
    I would consider a car with higher miles.

    First you will pay more for a low mileage car. Then, for every mile you drive it will cost you 2x or more in depreciation than a car with intermediate miles. And, it will still need the belt changes and services due to age. I don't know of any upside actually unless you are not going to drive it and just like the idea of having it. Even then, it will depreciate just sitting in the garage, driven or not. The highest cost per mile cars are low mileage.

    This is not some limited production vehicle where low mileage will be rewarded over time like a Daytona Spyder or something. There were more than 2,000 575's made I think, and there is no upside for collectors, even with the limited edition versions.

    As vandevanterSH said, look for a car with like 10K miles. A good balance.
     
  8. vandevanterSH

    vandevanterSH F1 Rookie
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    Jan 27, 2005
    3,158
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    Full Name:
    Stephen Van Devanter
    Agree with above, the 575 is a GT car, it's transportation, if you aren't going to drive it; I would get a 360 or 430 spyder. I have put 65,000+ mile on mine in 2 1/2 years and she is about due for her third belt change. Even 1000+ mile a day on an Interstate is fun in the Maranello.
     
  9. christianwojo

    christianwojo Rookie

    Jan 28, 2007
    18
    whiterock
    Full Name:
    christian
    agree with both of the above. for me, most important is the "feel." i can't explain it better than that, the car just has to "feel" right before you buy it. it took me 3 years to find the right 550, some just didn't feel right. and by feel, i also mean the previous owner as well. some owners drove the car right and took care of their work of art where other's just drove the car into the ground. i also stress looking for a car with around 10,000 miles with the 15,000 service completed. that way you get an under the carriage look by the tech crew while they were performing the service and they could've found anything else in question that needed to be done.
     
  10. Fontana

    Fontana Karting

    Dec 30, 2006
    177
    Vermont
    Full Name:
    Peter Markowski
    My friend is selling his 18000 mile 575. It is Titanium with tan/black daytona seats and F-1 trans. I think it is a steal at $145,000.
    Major service done. Killer car!
     

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