GTC/4 vs 550 and Maranello.nl - Ferrari Life
 
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post #1 of 10 Old 08-12-2007, 03:10 AM Thread Starter
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GTC/4 vs 550 and Maranello.nl

Hi,

Thanks to my friend, Schumacher, I have joined what seems to be a very knowledgeable and cool group of Ferrarisiti.

While in South Africa I enjoyed owning a concours Dino 246gt followed by a 512BB. In my humble opinion the Boxer was twice the car that the Dino was but unfortunately was four times the car when it came to running costs. I think a major part of this was that the Dino was perfect whereas the Boxer needed work. I think it is so true that rather get the best you can afford than an average tipo you might desire more. Don't get me wrong, I loved the Dino and still miss it, but the Boxer blew me away with the smoothness and sound of the flat 12 together with superb performance-an indicted 175 mph came quickly and effortlessly and it felt like it had plenty in reserve. Just so expensive to run!

Anyway I now find myself living in Amsterdam and loving it. I rent an apartment near to Museum Plein and so am near to the centre but away from the hustle and bustle. It also means a nice 5 mile cycle to work with a Porsche 993 C2 stashed in a garage near to work to explere Europe with. This year we have driven down for the Monaco GP as well as to the Le Mans 24 Heures. In a few weeks we head to Stuttgart for the car's annual service at the factory and touring the Porsche factories with Porsche Club GB. In 3 years the 993 and I have covered 18,000 miles exploring Europe and this car is a keeper.

However I long for a Ferrari again, particularly a V12. The plan would be to split Europe touring duties between the 993 and Ferrari GT. I have learnt that a 911 and a Ferrari in the garage enhance the ownership experience of both.

Yesterday I visited by chance Maranello, a dealership specialising in '60s-'70s Italian exotics. Amongst others they have 2 Alfa Montreals, 2 Maserati Boras, 3 Ghiblis and a nice selection of Ferraris including 2 365 GTC/4s.

Their prices seem on the high side but Marco that I met with was pleasant, approachable and seemed knowledgeable. Also they have facilities to fettle and service these classics. And I perhaps could park the Ferrari there.

Does anyone have any experience with dealing with them? I would be pleased to hear their experiences and recommendations.

Until yesterday, my plan had been to pay off the 993 and then save up for a deposit on a 550. However I have always had a soft spot for the 365 GTC/4, especially after my father bought one home for the weekend 20 years ago, unfortunately that one got away as no one wanted to buy his early Dino 246gt with knock on wheels and 206-type interior!

The 550 is faster and technically superior, but the GTC/4 is rarer, smaller and talks to me. Maranello have 2 GTC/4s. The blue one is presentable and needs work at Euro 55k. The black one needs nothing with repaint and all mechanics done in the past 20,000 miles at Euro 80k. The black one seems to be Italian spec with white front indicators.

Given my experience, the black one seems to be the way to go, but do I stretch for another Euro 10k and go for a 550?

Your comments and opinions would be appreciated! Thanks.

Regards
Vitalone
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post #2 of 10 Old 08-13-2007, 01:28 PM
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Have you taken a look at our Buyer's Guides for both models? They can be downloaded from:

http://www.ferrarilife.com/library/guides.php

Resources: Parts List | Buyer's Guides
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post #3 of 10 Old 08-14-2007, 09:38 AM
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Nice dilemma. If you want to explore Europe I would go for the more reliable 550. Or sell the 993 and get both

Have you seen those nice looking 330 GT 2+2's series II at Maranello? Fit's the 365 GTC profile and prices seem to pick up..
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post #4 of 10 Old 08-14-2007, 10:51 AM
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Quite a dilemna. I did a brief check on 550 prices and you should be able to get a nice one for Euro 75-85k so not really any different than the 365 GTC/4. Your running costs will likely be similar assuming that the GTC/4 is in excellent condition. If it needs work, especially on the engine or exhaust it can get really expensive fast (suggest you check: www.365gtc4.com). The 550 will be more comfortable and reliable. For eating up vast amounts of European asphalt, I can think of no finer machine. Both only really seat 2 people. The GTC/4 is one of the rarer Ferraris with only 500 built and you are unlikely to ever run into another one on the road. On the other hand, there are over 3000 550's out and about. THe exhaust note on the 550 is a bit understated where as the GTC/4 is one, if not the best, sounding Ferrari ever built.
Tough decision. My only suggestion, if you are going to rake up serious mileage, then I owuld go for the 550. If shorter trips and 2000-3000 miles a year, then the GTC/4 might be a great experience.

On Maranellos in NL, only experience is I called them twice and neiher time did they get back to me.
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post #5 of 10 Old 08-18-2007, 06:32 AM Thread Starter
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Many thanks for the excellent responses.

The high quality of the responses goes to show how valuable it is to be part of Ferrari life-it is a privilege to be able to speak to experts from all over the world, many of whom own/have owned/have driven most Ferraris. Their experiences and knowledge are invaluable!

What I have got from this is that the 550 would be the way to go, being a Daytona of the 90's, newer and faster and at least as reliable as the GTC/4 that is rightly or wrongly seen as a poor relative to the Daytona. I think both tipos are undervalued in relation to the Daytona, but that is fine with me as these tipos present opportunities to own magnificent machines in their own right for the price of a range-topping SUV.

Once again thank you for your comments which have given me some direction. Hopefully in the new year I will be able cough up a deposit on a good 550, hopefully without being tempted by a 512BB or 365 GTC/4-in the presence of either of them, all rational arguments go out the window! But I think that in the Ferrari stratosphere, the 550 could be the best of both the head and the heart worlds.

Regards, Vitalone
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post #6 of 10 Old 08-18-2007, 07:20 AM
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Hi Vitalone,

I've just bought an excellent 550 in Holland in June, and in fact, I live only 15kms from Amsterdam's city centre. I'm not there often, as I work in West Africa, but I'm in Holland again soon (early Sep). We could try and set something up if you want.

I've seen the 365 at Maranello (on the website) and was flirting with the idea of owning one (the blue one's lovely), but I really wanted something more reliable for my first Ferrari. Next year, maybe !

Boxer is not quite correct in his price estimate; it's right on the money for Germany but Holland is different. Due to taxation laws in Holland, you must really stretch beyond 90k Euro for a good Maranello, and a really nice one is more (mine was over 100k). You can import a car from Germany which will save you money, but it will also hurt you a little on resale. It is also risky to import a car, as you will have little or no recourse in case something goes wrong. If you buy from an official dealer in Germany you can opt for the Power warranty, which apparently is transferable between Ferrari dealers, but buying from a private individual is risky. Even so, dealers are no guarantee. There's a red one at an official dealer which actually is not as advertised (a friend of mine went to check it last week and was quite shocked). If you look at cars at official dealers you will quickly see very few below 85k, even in Germany. Importing into Holland, you then have to add a minimum of 3% of special car tax (BPM) for '97, 98 cars, and more for younger cars (there's a sliding scale). This 3% is on the original sale price of EUR254,000! So that comes to a minimum of just under 7,000 euro. If you decide to import, it is cheapest to go for a low mileage '97 or early '98 example. Eberlein had a 5000km 1997 Nero Daytona that I almost bought. That one came to 92k delivered to my door. I believe that car has been sold.

I've put about 50 cars that were for sale the last 7 months, all over Europe, into a spreadsheet which I'm happy to send to you. It gives you a great insight into running costs, importing taxes, and prices.

Finally, you should make a point of visiting Alex Jansen of Forza Service in Oss. Everyone that I have met vouches for him, and I can only verify what a pleasure it's been to deal with him. He can find a good car for you, but you will need to pay a bit more. What you pay for is complete ease of mind - he simply will not sell you a dud, or if he would, he would rectify his mistake.

Hope this helps a bit. E-mail me if you want to know more or receive the spreadsheet.

Cheers,


Onno



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Last edited by JazzyO; 08-18-2007 at 07:27 AM.
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post #7 of 10 Old 08-18-2007, 11:14 AM
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Quote:
Originally Posted by JazzyO View Post
Boxer is not quite correct in his price estimate; it's right on the money for Germany but Holland is different. Due to taxation laws in Holland, you must really stretch beyond 90k Euro for a good Maranello, and a really nice one is more (mine was over 100k).
You are absolutely correct. My pricing estimate is based on a combination of the British, Belgium, and German markets. France also always seems to be a bit higher which I assume is due to local taxes.
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post #8 of 10 Old 08-18-2007, 10:32 PM
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You are absolutely correct. My pricing estimate is based on a combination of the British, Belgium, and German markets. France also always seems to be a bit higher which I assume is due to local taxes.
Yes, I noticed France is higher during my research, as are Spain and Portugal. So is Luxembourg, strangely enough. Switzerland is very cheap but not part of the EU and therefore import duties are payable when importing into Holland. This brings those prices on par with German cars. What ever you decide to buy in Holland, you're bound to get jealous of our German and Swiss friends!!! 80k Euro buys you a quality car from Niki Hasler in Switzerland, and for 95k in Germany you can have a "deliverly mileage" example from late 2001. Import that last car into Holland, and you end up with 115k due to taxes... Still a little bit cheaper than a similar car from a Dutch Ferrari dealer.

I noticed, BTW, that of the 3 or 4 Belgian cars I looked at not a single one had less than 60,000km on the dial. Belgians like driving!


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post #9 of 10 Old 08-18-2007, 11:20 PM
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I have seen quite a few 550's with mileage north of 70k km. IMHO, I think this proves what a reliable, well made, comfortable car the 550 has turned out to be. Net net, it was designed to be a GT you can use every day and plenty of owners have done exactly that.

In terms of pricing, in Spain you have to pay a 10% tax on the purchase price, and Portugal has very high taxes based on age, engine size, and CO2. On a 2000 550 these taxes would add close to Euro 30k to the cost of the car. I have never really checked the Italian market so not sure of prices there
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post #10 of 10 Old 08-19-2007, 12:33 AM
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I have never really checked the Italian market so not sure of prices there
The cars I saw advertised in Italy were around 85k - 90k for a decent one.


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