Cat D 550 LHD - Ferrari Life
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post #1 of 52 Old 12-15-2013, 03:55 AM Thread Starter
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post #2 of 52 Old 12-15-2013, 04:56 AM
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I saw it's engine is chain driven? Is this a mod, never heard that before...??

Jeroen

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post #3 of 52 Old 12-15-2013, 05:29 AM Thread Starter
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I saw it's engine is chain driven? Is this a mod, never heard that before...??
Most likely a mistake in the description. Good indicator of the deep knowledge of the car by the dealer/seller.
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post #4 of 52 Old 12-15-2013, 08:23 AM
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Looks quite nice. The old LHD discount in the UK. Looked at the engine photo and she is pretty much stock, so no chain drive. Likely requires a belt change.

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post #5 of 52 Old 12-15-2013, 08:44 AM Thread Starter
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Looks quite nice. The old LHD discount in the UK. Looked at the engine photo and she is pretty much stock, so no chain drive. Likely requires a belt change.
Cat D is an indication that it has been crashed heavily and repaired. Not sure it is much of a bargain,
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post #6 of 52 Old 12-15-2013, 08:38 PM
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Did not say it was a bargain, just said it looked good.

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post #7 of 52 Old 12-16-2013, 01:51 AM
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Cat D usually means that the damage was sufficient to cause the insurers to write off the car, but not serious / structural - if the damage is serious, it will usually come under Cat C. However, Cat D does not necessarily imply any damage at all: it could simply be a "stolen and recovered", but recovered after the insurers have paid out, in which case the car may not have suffered any damage at all.

Inevitably Cat D will make resale difficult, but so does a high mileage. For someone who wants into a 550 on a budget, doesn't mind (or wants) LHD, and accepts that he is not going to get a good price on resale, this might be a good deal - not a bargain, just a lot of car for little money. The way forward is to find out why it was written off and, if it was damaged, get a thorough inspection to make sure it was properly repaired.

Best wishes, John
Ferrari: 550 Maranello S/N 110995, Dino 246 GT S/N 6934
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post #8 of 52 Old 12-16-2013, 10:01 AM
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Wow, that is complicated. We just call the ones written off for accident or flood damage "salvage" on the title. Not sure we have anything for theft recovery.

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post #9 of 52 Old 12-16-2013, 03:21 PM
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Yes here in the USA it's a "savlage title." Converting British pounds sterling to USD$ the car is still cheap as dirt. It'd be a matter of importing it to the USA to add to the cost, would probably add at least $6000 USD extra to the price.
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post #10 of 52 Old 12-16-2013, 08:43 PM
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VA- Way more than $6K including shipping, insurance, import duties, conversion to EPA/DOT, etc.

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post #11 of 52 Old 12-17-2013, 10:59 PM
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Quote:
Originally Posted by tazandjan View Post
va- way more than $6k including shipping, insurance, import duties, conversion to epa/dot, etc.
$20k?
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post #12 of 52 Old 12-18-2013, 01:28 PM
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That is probably more realistic.

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post #13 of 52 Old 12-18-2013, 07:16 PM
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That is probably more realistic.
I had forgotten that grey imports need DOT certification and modifications as well as the import duties. Shipping is only one dimension. Being that adds up and that this car is a salvaged title I wouldn't bother with it. The intrigue is short-lived. It will stay in the UK.
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post #14 of 52 Old 12-22-2013, 05:49 AM Thread Starter
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Originally Posted by viscount aero View Post
I had forgotten that grey imports need DOT certification and modifications as well as the import duties. Shipping is only one dimension. Being that adds up and that this car is a salvaged title I wouldn't bother with it. The intrigue is short-lived. It will stay in the UK.
My guess is it will go east, damage title will disappear and it will get sold on to the unwary..
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post #15 of 52 Old 12-22-2013, 07:49 AM
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My guess is it will go east, damage title will disappear and it will get sold on to the unwary..
Good point.
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post #16 of 52 Old 01-14-2014, 08:50 AM
 
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Hi all. I've actually been seriously considering buying this car.

Apparently the cat d title was due to the theft of the vehicle in 2004, It has had a new drivers door, along with a bonnet. Looking at the car it is very straight. All panels are nice with correct gaps etc, no paint variation....

There is another down side, there is no service history. Simply a key, a v5 & a current mot cert.

I'm not too concerned about the history as I hope that Maranello in Egham can verify some much needed service history. If it turns out there is no history, is it worth asking a cheeky offer? It is REALLY cheap already, but then again it could be a nightmare waiting to happen.

It will be my 1st Ferrari, is a 550 a good place to start? I'm 29, have a well paid job & the 550 is the only car I've ever said I wanted. My aim was to have one by my 30th, which is 3 months away.

Anyone ave an idea of servicing? Problem areas? Tyre costs?

I anticipate doing approx 2000 miles per year.
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post #17 of 52 Old 01-14-2014, 09:43 AM
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Hi all. I've actually been seriously considering buying this car.

Apparently the cat d title was due to the theft of the vehicle in 2004, It has had a new drivers door, along with a bonnet...
Hmm. I have a little bit of history on this car having seen it in 2008, 2009 and 2012. PM me if you want more info. Maranello's in Egham was not one of the places I've seen it so I suspect they may not be able to help with service history.


With regard to 550s in general, I have had mine for coming up to six years. As I'm sure you appreciate you can pretty much see the fuel gauge going down when you put your foot down (and pretty much if you don't as well for that matter). Allow about £1k a set for tyres, I think. You'll replace rears about twice as often as fronts. They're pretty bullet-proof but allow £2k a time for servicing - there's 12 or 24 or 48 of everything.


I do think you need to use them on a proper journey to fully appreciate what they're all about. I took mine down to Italy a while back.


Jonathan
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post #18 of 52 Old 01-14-2014, 11:34 AM Thread Starter
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I would only put in an offer after you have had a professional PPI done by someone who really knows 550s.
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post #19 of 52 Old 01-14-2014, 12:09 PM
 
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Thanks ever so much guys.

Any recommendations for inspections on such cars?

I run pretty juicy cars that I intend to keep so things like fuel etc are not a concern. Tyres @ £1000 a set don't seem that bad, especially since my mileage will be fairly low. I wasn't expecting servicing to be that high, but again..... It's only once a year I suppose.
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post #20 of 52 Old 01-14-2014, 12:29 PM
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I would only put in an offer after you have had a professional PPI done by someone who really knows 550s.
I would do it the other way around if I were you: that way you only have to go to the expense of a PPI if you get a good deal; and you get a second crack at the negotiation after you get the result of the PPI.

Best wishes, John
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Last edited by Bluebottle; 01-14-2014 at 11:12 PM.
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