Maranellos are disappearing | Page 61 | FerrariChat

Maranellos are disappearing

Discussion in '456/550/575' started by intrepidcva11, Mar 30, 2015.

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  1. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    37,985
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    That 550 is not eligible for import to the States until 2022.
     
  2. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    #1503 21ATS, Aug 11, 2020
    Last edited: Aug 11, 2020
    The closest car I can find to yours with an actual sale as opposed to advertised asking price is this one - very similar spec but with 22,000 more miles.

    This was April/May from memory.

    https://collectingcars.com/for-sale/2003-ferrari-575m-maranello-2

    Despite being sold via Collecting cars this was actually sold by KHPC and came with warranty and full dealer facilities.

    So it will be interesting to see if yours sells. It would also be very intersting if you would share the interest and offers you recieve please.

    Edit here's another, this was a private sale - interestingly bought by a dealer (Justin Banks) not as good spec though, no modular wheels, no FHP.

    https://collectingcars.com/for-sale/2002-ferrari-575m-maranello

    The appetite for the these cars at present in the UK (based on open sale information) appears to be starting with a £5x.xxx - it's just down to how much more someone is willing to pay for less miles.
     
  3. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,252
    Eastdown
    Full Name:
    Darius
    I am sure you are right. While no car is isolated from the broader market, I get the idea Maranello owners tend to be older and not so likely to be unsettled by recession. But yes interesting times ahead for sure. Having said that if I sold one of my Ferraris I'd just use the money to buy another car, as I think would many of us.
     
  4. Laserguru

    Laserguru Formula 3
    Owner Silver Subscribed

    Aug 7, 2016
    1,255
    New Hampshire
    Full Name:
    Eric
    I believe this is a minor variant to an old saying about race cars.....

    "If I had all the money I've spent on race cars, I'd just spend it on race cars."
     
    Themaven likes this.
  5. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,252
    Eastdown
    Full Name:
    Darius
    Interesting also to look at this thread, prices currently being paid for certain modern era "mass produced" Ferraris.

    https://www.ferrarichat.com/forum/threads/f430-manual-madness-on-bat.623632/
     
  6. Themaven

    Themaven F1 Rookie

    Nov 2, 2014
    4,252
    Eastdown
    Full Name:
    Darius
    F456M likes this.
  7. F456M

    F456M F1 Rookie

    Jan 8, 2010
    3,665
    Oslo
    Full Name:
    Erik
    I feel there is a rush now in Norway to buy 550s. I have about two calls every month from people who is looking to buy their first Maranello and know that I have had mine for a few years. They want to know how they are like. One Blu Pozzi / Nero went for 120.000 euro. The car was in great condition.
     
    mmyhorses likes this.
  8. JazzyO

    JazzyO F1 World Champ

    Jan 14, 2007
    12,143
    The Netherlands
    Full Name:
    Onno
    I bought one last month even though prices will undoubtedly drop further, and I could have found a better bargain abroad. But I bought it from a specialist who is a great friend of mine and who has maintained my previous 550 for 10 years, and my current one for 15 years. So I am ecstatic. You can hunt for a bargain but you will never know what you are going to get. I now have a 550 with great history that I trust completely to be in perfect shape. And that is much more valuable to me than price, or mileage, or maybe even the colour combination. Always try to buy a really good one. You want to enjoy your experience. The money you forget about.


    Onno
     
  9. JazzyO

    JazzyO F1 World Champ

    Jan 14, 2007
    12,143
    The Netherlands
    Full Name:
    Onno
    Not cuoio, it's ciocolatto or nocciola or something like that. Very rare, I have never seen dark brown carpets like that in a Maranello, after 14 years of obsessing over these cars.
     
    F456M likes this.
  10. ixlr8

    ixlr8 Formula Junior

    Aug 24, 2015
    301
    Eastern Shore- Virginia
    Full Name:
    Jim
    docapl likes this.
  11. AndersJL

    AndersJL Formula Junior

    Apr 16, 2001
    376
    Sweden
    Full Name:
    AL
    Just curious to know how you get in contact with buyers in Norway...? I live in Sweden, do you advertise in Blocket or ?
     
  12. F456M

    F456M F1 Rookie

    Jan 8, 2010
    3,665
    Oslo
    Full Name:
    Erik
    www.finn.no Best advertizing site and system in the world.
     
  13. BarryK

    BarryK Formula 3

    Dec 17, 2016
    1,160
    Europe
    Full Name:
    Barry K
    For what it is worth, I have just sold the UK RHD 550 I bought almost two year ago (old post below);

    Sold now with 26750 miles, again privately for £76,500. Had no interest for almost 2 months and then 2 buyers arrived the same week. Overall, the result was a bit better than expected but still a 25% hit in 2 years, and that without paying commission at either end.

    Since I have moved to Germany, I will now look for an LHD 550. Great car, a proper GT.
     
    21ATS likes this.
  14. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    #1515 21ATS, Aug 18, 2020
    Last edited: Aug 18, 2020
    How about this one. Less miles than the one you've just sold and about £18K less, leaving a nice budget for bringing everything up to spec, or even a retrim if (like me) you find black interiors a little oppressive.

    https://www.autoscout24.com/offers/ferrari-550-maranello-coupe-5-5-liter-v12-48-ventile-485-p-gasoline-red-df8a7069-5bf4-4439-a3a8-bf2f3e32396f?cldtidx=1&cldtsrc=listPage
     
    BarryK likes this.
  15. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    Up for sale again at the same venue after a no sale at the previous event. The estimate is getting more realistic each time it comes up for sale.

    I drove this car when it was up for sale for £100,000 at Meridian Modena in April 2018 - it had 28,000 miles on at that time and was very clean and drove beautifully. I offered £90k - no deal.

    I now want a manual (550) - but anyone looking for a tidy F1 575 in the UK should take a look at this one - it's a later car also so will have many of the updated ecu's. It also had a new clutch at 24,000 miles.

    https://angliacarauctions.co.uk/classic/sat-22nd-sun-23rd-august/2004-ferrari-575m-f1-maranello/
     
  16. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    21ATS likes this.
  17. 21ATS

    21ATS Formula Junior

    Dec 10, 2016
    988
    Kent, UK
    Full Name:
    Alan
    That certainly seems clean looking through the pictures. The first thing I always look for with 575's is the assembly number - then check it against Taz's crib sheet for where is falls in the upgrades. Many of them always seem quite early for the year of registration, as though the car may have sat for some time before it was actually registered on the road, this is a good example of what I mean :- https://www.pistonheads.com/buy/listing/10713225?cId=10402892&cId=5731533&cId=10578519&cId=10123300&cId=10509483&cId=6778372&cId=10578519&cId=10402892&cId=10646304&cId=10417673&cId=8598120&cId=10562023&cId=8593086&cId=10713225&cId=10626126&cId=9602725&cId=5731533&cId=10703787&cId=10552722&cId=7514148&cId=10595291&cId=6813842&cId=7187138

    2003 car A/N 46961 - world F1 championship badge on the dash showing 2001 as the last date - suggests it could have sat for 18 -24 months before being registerd.

    Compare that to the black car above registered in the same year A/N 49634 championship dash badge showing 1999 through 2002.

    As I'm typing this I realise I need to get out more, or get a hobby!

    I digress, the black 575 on CC looks tidy, has the desirable wheels and the internet required FHP - I forecast a no sale - I can't see it reaching whatever reserve the seller sets but I'd be delighted to be wrong. I'm also never sure what to "add" in value for the 19" rims - which certainly appear to be advertised for £10K on the rare occassion they do pop up for sale - they don't seem to add £10k to the sale price of a car though.

    Off on a slight tangent

    Having read and reread the thread(s) of you undertaking your 612 manual conversion I often daydream about buying a 575 and converting it to manual. There are two or three 575's (currently for sale) that I find perfect in almost every respect bar the gearbox.

    The only problem is I lack the time, facilities, skill or inclination to have any hope of doing something like this myself. I wouldn't be confident getting an independent to do it for me and I dread to think what the cost would be to pay someone who wasn't quite sure what they were doing to undertake a change of this nature.

    Between you and 360trev you could have quite a lucrative sideline converting 575's if it were something you'd be inclined to undertake. I doubt Ferrari will ever entertain doing what AM did with the Vanquish by offering a factory manual conversion.
     
    brogenville likes this.
  18. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    Interesting analysis Alan. It amazes me how many 575's CC seem to be listing; they must have listed an appreciable percentage of the total 575 population in the UK. I would hope this black 575 is a £70-£75k car. It seems like just the kind of classic spec that befits the image of the car (nothing against those who like their 550's/575's in a loud colour).

    Re. the F1-manual conversion, the process is actually usefully simpler on the 575 compared with my 612. Parts are (overall) easier to get hold of too due to the sharing with 550 parts. There are a few parts however that are getting very thin on the ground. I'd love to do another conversion though if you want to contract my services. :D Trev is indeed building quite a repertoire for the manual conversions- I know he's been hard at work on a 599 conversion today, which I think means he now has every modern Ferrari from 360 to 599 covered for manual converting.
     
    21ATS likes this.
  19. F456M

    F456M F1 Rookie

    Jan 8, 2010
    3,665
    Oslo
    Full Name:
    Erik
    The value with these cars is to drive them. Not sell them. Not making them collect dust.
     
    308 GTB, tres55, F11 and 3 others like this.
  20. YorkieV12

    YorkieV12 Karting

    May 23, 2014
    132
    Just had an hour to spare.....it's still raining........so looked back at all the recent correspondence. Call me old-fashioned, (OK, I'll admit to the oldish bit), but I just cannot get my head around the fact that so many potential buyers would even consider buying a Ferrari sight unseen from an auction. Gullible or dumb or what ?
    I speak from professional experience, not shooting from the hip. I advise my customers and potential customers alike, but few listen. Auctioneers, bar none, only took over where the horse traders left off, and the tears that are shed afterwards would fill buckets. We are very busy emptying buckets; so, every cloud has a etc etc. If one is buying from an auction , then it needs to be cheap........what could and does , go wrong? Thus, quoting values for potentially dubious Ferraris at auction, is not truely representative of a quality example, sold with confidence from a reliable specialist or say, main agent. The old adage that ''you only get what you pay for'' still rings true. IMHO...not to mention 30 years experience !
     
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  21. brogenville

    brogenville Formula 3
    Rossa Subscribed

    Apr 24, 2012
    2,005
    UK
    Full Name:
    Robin
    I agree with the above to the extent that some of the prices being achieved on these auction sites are comparable with those from reputable specialists. It seems crazy then to go nuts on an online auction, when clearly there is more risk for the buyer than going to said specialists.

    With that said... people seem to like this way of car shopping. As has been said before, the market is never wrong. Who are we to argue?


    Sent from my iPhone using FerrariChat
     
    21ATS likes this.
  22. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    37,985
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    If I were a dealer, I would feel the same way.
     
  23. YorkieV12

    YorkieV12 Karting

    May 23, 2014
    132
    Agreed , Taz. I bought mine to enjoy, not to make a profit which seems to be a sub-current on here. Last summer we drove around Spain and Portugal for holidays. 575 never missed a beat, drove beautifully, and coped well with some very indifferent roads; especially in Portugal. Much admired wherever we parked.
    Thanks to the Chinese Plague, that's all screwed up for this year...but next year..fingers crossed.
     
  24. Vilhuer

    Vilhuer Karting

    Aug 3, 2008
    122
    Helsinki, Finland
    How much car taxation affects prices in Norway? For example if buying similar Blu Pozzi from Germany how much tax would have to be payed to get Norwegian plates?

    In Finland current tax is around 35-40k euros. It drops a lot overnight when car is over 25 years old. Difficult to know exactly what it will be in few years but my estimate is around 10k. Difference is a lot to pay for driving two or three summers. Therefore waiting for what market does due to covid is probably sensible thing to do. Currently there is one 550 with FHP and carbon seats available locally. It is advertised at 122k euros including 35-40k euro tax payed even though its not taxed into Finland yet. Tax free price is probably around 75-85k euros which isn't too bad compared to some cars for sale in Europe.

    https://www.nettiauto.com/ferrari/550/9778552
    https://www.classiccollection.fi
     
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