612 Values: Mileage-vs-age - Ferrari Life
 
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post #1 of 13 Old 11-05-2012, 06:01 AM Thread Starter
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612 Values: Mileage-vs-age

Hi folks,

I started this query over on my member introduction thread... but think this is probably the more appropriate place. Apologies for the double-up.

Anyway, I'm thinking of taking advantage of the great value 612s appear to be at the moment and adding one to be my DD alongside the Scud.

Like many others I'm looking at the Italian market for some very competitively priced cars... some nice early examples are being offered for 60k eu with reasonable mileage too.

I have heard most of the scare tales about dealing with the Italian market, but I also believe in the old saying 'buyer beware' so believe a lot of personal effort would negate many of the potential pitfalls. I have a local specialist dealer (in France) who has agreed to negotiate and purchase on my behalf should I/we find the right car.

Looking for the 'right' car has thrown up one interesting topic! That's the question of mileage vs age as the main depreciating factor. There are a couple of 2008 OTOs for sale with 80k+ KMs (50k+ miles) one in particular that has my perfect spec available for early 70k eu.

Now, much as I'd like to admit an early 2004-5 model would be very nice... I can't help but be tempted by the newer gearbox, clutch, Bose system, etc. All would be very nice to have in a daily driver. I haven't driven an OTO, but I found the gear change on a 2005 a little slow (compared to the Scud everything feels a little slow!).

Also, I'm a driver not a collector and will be looking at covering about 20-25,000km a year with the 612. I might be wrong (often am) but it seems to me that if a car has been well looked after and maintained correctly, then a four-year-old, 20,000km-per-year car is better sorted than an eight-year-old that's only covered 20,000km in total.

My dealer thinks I'm mad by the way. He thinks a high-mileage example will be next to impossible to sell on should I want to. The 80km OTO is about 50k eu cheaper than a similar version with 35,000kms.

Does anybody have any thoughts on this? Is there even a right answer to be had?

Many thanks.

Julian.
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post #2 of 13 Old 11-05-2012, 10:52 AM
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Julian- See other thread and posts by Onno and me.

If you plan to really drive it, the medium mileage (80,000 kms/50K miles) OTO would seem like a pretty good deal. The OTOs even have a new engine (Type F133H) plus the dual plate clutch and 599 transmission case you mention. That should be at least a 300,000 km engine if driven normally, and nobody has worn out one of those dual plate clutches that I have heard about. Not even someone with a torquemaster 599. Even if it is worth only half of what you paid for it after 3-4 years, that is less depreciation than you would see on an equivalent BMW or Mercedes.

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Last edited by tazandjan; 11-05-2012 at 02:30 PM.
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post #3 of 13 Old 11-05-2012, 05:25 PM
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Looking for the 'right' car has thrown up one interesting topic! That's the question of mileage vs age as the main depreciating factor. There are a couple of 2008 OTOs for sale with 80k+ KMs (50k+ miles) – one in particular that has my perfect spec – available for early 70k eu.



Go get it!

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post #4 of 13 Old 11-06-2012, 12:31 PM
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Given that you will be putting 20-25k km a year on the car, either will be a tough sell after 3 years. Hence I would worry that much about it. Get the OTO.
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post #5 of 13 Old 11-06-2012, 03:46 PM
 
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Oto?

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post #6 of 13 Old 11-06-2012, 07:59 PM
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Jim- Search OTO in the modern V12 section for a lot of hits that explain what a 612 One To One is.

Taz
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post #7 of 13 Old 11-07-2012, 08:21 AM
 
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Thanks Terry!

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post #8 of 13 Old 11-16-2012, 01:52 PM
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The previous box change is a little stupid ...
Surely no one will buy a Ferrari 612 with 120.000km, if it will not be dramatically price competitive...
So... are you gonna sell it in the next years?
If the answer is 'yes', pay attention with miles.
If not... well... a faster change box is surely a plus. I will not give a penny to others changes: the engine and interior of my 2006 612 are absolutely perfect.

Ah, I'm italian and I've bought mine here in Italy. It's not easy, primary dealers wanna let you think their car are jewels easy to sell, secondary dealers... well... are secondary.
In the end, it's just to mantain open eyes, and don't drink any bullshit about how good used Ferrari are sold, or how many € it will surely appreciate, or the classic "it's from a ild man client with many Ferrari, used so slow my turtle laugh at him"...

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Last edited by decanof; 11-16-2012 at 02:01 PM. Reason: Add on
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post #9 of 13 Old 11-16-2012, 05:17 PM
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Of all the changes on the OTO, a quicker gear change would be of least interest to me. The more durable clutch and smoother F1 Superfast system, plus the updated engine and Manettino are real plusses for the OTO. And standard CCMs. Throw in the 100 ms change for free.

High mileage lowers price, but at the correct price, cars sell. Simple economics. You just have to crunch the numbers. At a low enough price, somebody will buy her and depreciation may be low enough to make a deal attractive.

Taz
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post #10 of 13 Old 11-18-2012, 11:12 PM Thread Starter
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Thanks for all the help folks.

Well, after much consideration I've decided that if everything checks out as it should, then the OTO with higher miles will be the one to go for.
I'm really not too concerned about the mileage as it is reflected in the asking price and I don't think it will have an impact on the car mechanically or trim wise. I don't plan on changing it anytime soon well not until the FF has depreciated a lot more.

Spec wise the car is ideal (Nero metallic, nero daytona, Challenge wheels, sports exhaust, shields) and I like the sound of the OTO 'upgrades' particularly the transmission and carbon brakes. I haven't been able to find out much about the engine changes... except the OTO is EURO4 compliant whereas the earlier models are not.

Also, I know it's not to everybody's taste... but the glass roof is much appreciated by my children who feel less cocooned in the back with the extra light. They were most impressed when they sat into the FF with the glass roof that was on display at the Paris motor show. It had a lovely chocolate daytona interior too!

So, I'm off tomorrow to Italy to have a look at a few. Does anybody know a reputable independent F workshop around Rome... or even a little bit further north towards Perugia/Umbria?

And is there anything that I should be paying particular attention to with respect to the 612? I've heard of electrical gremlins, but not much else. All advice gratefully received.

Thanks,

Julian.
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post #11 of 13 Old 11-19-2012, 06:12 AM
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Even with triple the miles, if it's well maintained, how much lower than 70k could it go?
50K maybe?
It would be worth more in parts I would think!

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post #12 of 13 Old 11-19-2012, 08:10 AM Thread Starter
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Killer, I've made the same point myself to my wife!!

And, I've just sold a 12-month old Audi A7 and NOTHING this side of Felix Baumgartner could drop as quickly.

It makes perfect, twisted, logic to me. Now, fingers' crossed the car checks out.

Julian.
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post #13 of 13 Old 11-19-2012, 11:16 AM
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Julian, make sure you drive over some pot holes and listen out carefully to excessive noise through the suspension. This will probably indicate excessive play in the ball joints. Mine has only done 15k miles but I've just had to change them which wasn't cheap. My dealer told me this is a common issue throughout the range, not just the 612.
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