Newbie looking at a 1985 400i for sale....

Thanks, guys.....I am already making a list of "things to do" in a priority order, and $$ order.
First I have to pay for it, then title and tag.......thinking about a personal plate, we use 6 characters here, 2 groups of 3......(YES V12)....or ....(ITS V12)....or.....?
I am headed to north Palm Beach for dinner tomorrow, I will pass by the dealership and make sure my new old stock Ferrari is there, I just want to see & touch it......am I a little CRAZY ?
PS: I wondered how some of the posters on here get 2k, 3k, even 4k posts......well, I think my fingers are going to be very tired......

 

Got my 400i to the dealership today.....first time I could take a good look at. Noticed a few more minor issues, but nothing surprising......the hood wont release on the right side, I am sure there is another cable release over there, just one more thing to fix. A previous repair to fix an inop fuel door release was to just rip out the cover trim panel and bend up the manual lever....hack job, why not take it apart carefully and fix it ?
So, next transfer the $ and pay for it, fix a couple minor things, and trailer it home in a week or so, then I can get serious about the fuel system.
Also need to sell my 1720 Key West CC to make room and provide repair $'s.
Thats all for now.....

 

To all the experts out there, I need some advice. (See previous posts for background info)
I have had the 400i at work for a week or so and the current owner has been out of town for the last week, so I have still not paid for the car yet.
It does have a problem with the left hand bank fuel inj system, it sat at a local shop for 6 weeks, I do not know was done, or "undone", however, it barely moves/drives to get it into the shop, smells of fuel, no external leaks, but does however have a badly clogged lh cat converter. Now....was the fuel problem the initial symptom that caused the owner to put it in the shop ? Is the plugged converter the result of the ful inj problem ? AND....the engine oil is overfull now, and smells of fuel......or was it overfilled at the last change ?
No, I am not driving/starting it anymore. Which brings me to my question....exhaust system has been changed, car has 2 header pipes into a short Y, welded to cat, with an O2 sensor before cat, then straight pipe to thru rear suspension and a small Dynomax muffler with single outlet at rear bumper, nothing original except headers. I need to remove the plugged cat just to work/diag the fuel problem....the O2 sensor goes away.....here in Florida I can get a "test pipe" installed, no emission checks here. I am thinking a replacement cat or at least a muffler will need to added somewhere....one little Dynomax wont be enough, will it ?
Or do I trash cats, O2 sensors, air pump completely ? Where do the O2s report to ? A module somewhere ? How does the data from the sensors affect changes to the fi system ? I have not traced the wires from the O2s yet. Do I jump right in and have the muffler shop trash everything from the headers back and fit a pancake muffler ahead of the rear axle in addition to a second behind and 2 big chrome pipes on each side?
I would like to have this 400i as a driver, I am not ready to commit to mega dollars for exhaust at this time?
I know, a lot to ask, sort of taking a poll.....toss some opinions my way, please.....and thanks in advance !!!

 

So far I have begged a free flatbed delivery from the local shop where it was "fixed", to the dealership where both I and the selling partner work, the other partner being in Naples, Fl.
And I bought new wiper re-fills because the originals were shot and I did not want anyone to scratch the windshield if they bumped the lever while the key was on. I have also ordered a set of original spark plugs, (at $2.18 each !), and have read chats on several other brands also used in these engines, just figured to start with what the book sez first..
Yes, I am waiting to close the deal, we have agreed on a price, and you are correct, I will not be spending any major bucks until I have paperwork in hand. The previous chat about the exhaust/cat converters was to ask advice in advance so I could make the correct choice first, as I am not an exhaust fabricator and will need to farm this project out.
Thanks for the interest, I feel I will be relying on all of you for guidance in the near future, stay tuned !

 

True....I sell spark plugs Mon-Fri at $7.95 to $11.95 each with no problem, and we have 1 engine that takes 16 plugs !!! I thought 2 bucks a plug was great !! Of course, I might upgrade to better plugs later.

 

ZMAN...actually just paid for mine on Monday.....going to the muffler shop on Friday to cut out the converters, then home.....yours sounds great, but at over twice what I paid, just could not swing it. I am sure yours will sell, there are a few people in this forum looking.....