550/575 - running costs - Ferrari Life
 
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post #1 of 6 Old 03-21-2013, 12:34 AM Thread Starter
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550/575 - running costs

We are moving back to the UK from Switzerland this summer. Unfortunately that meant the CS had to go. However, now thinking about what I can get as a replacement.

When we first get back I'll probably have a 996 Mk2 GT3. Just because a close friend has an immaculate example that he is thinking of selling (he just bought an hotrodded early 911) and he is going to give it to me at trade price. He is about the fussiest person I know when it comes to cars and I know the car is in perfect condition (I've already driven it a few times). However, looking further ahead I'd like another Ferrari and thinking of the 550 as I'd love to have a V12.

I had the F1 gearbox in the CS and now really want a Ferrari with a manual gearbox.

The move back to the UK coincides with a change in career direction and initially I won't be working (will be doing postgraduate study at Cambridge) so need to buy something that won't depreciate much and also won't cost a fortune to run.

I was lucky with the CS in that apart from one part (400) it cost me nothing except tax, fuel and insurance.

What are the longer term running costs like on the 550? Are the running costs any different on the 575 (which I would also consider if I found a manual)?
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post #2 of 6 Old 03-21-2013, 01:39 AM
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Hi Schnellmann, I think a Maranello would be the perfect car to have to waft around Cambridge in style and then get out for a blast on the B roads when the urge takes you.

Maranello prices haven't moved much in the last couple of years in the UK (maybe firming for the good examples) with a fairly constant amount of stock to look at (maybe 10-20 of each iteration at any one time). For a manual you're really looking at a 550 but the odd manual 575M does come up, usually at a premium over F1's now days. IMHO a manual 575M would be a higher initial investment but probably also give a better return down the line, just depends on your timing in finding one.

Running costs are similar for both Maranello's and for what are plus or minus 10 year old cars, pretty affordable, especially if you can work with one of the specialists. Someone on here should be able to give you a contact on that front. If you buy a car with a main service including belts just completed (which most will come with) you should be able to budget well under a grand a year for many many years. Get a PPI and check the clutch, you should be able to negotiate that into the service if its going off.

You're only real cost is going to be dealer margin getting in and getting out, and that is really down to a combo of your negotiating skills (already experienced there), the individual cars desirability and maybe a bit of market movement in the right direction.

In terms of bang for your buck the Maranello's are IMHO the best Fcar bargain out there.

Good luck and I look forward to hearing your experiences.

Cheers
Michael

Current Fcars: 360 Modena
Gone but not forgotten: 360 Spider, 575M, F430.
Other stuff: '71 Holden GTS Monaro, '80 BMW Alpina B9, '74 Porsche Targa, Caterham, MB CL500, Land Rover Discovery.
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post #3 of 6 Old 03-21-2013, 02:26 AM
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Quote:
Originally Posted by 575er View Post
In terms of bang for your buck the Maranello's are IMHO the best Fcar bargain out there.
Fully agree! Every time I enter my 550, it is an occassion. And while hugely capable, it is a thrill to drive even when pottering around. I am amazed at the amount of Ferrrari one gets for the buck!
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Current: 365BB, 550 bluebird and a few 911's
Past: 246gt, 512BB, 308 GTB "Michalone" and a few 911's
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post #4 of 6 Old 03-21-2013, 02:57 AM Thread Starter
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Thanks for the comments.

I see you both have my favourite colour for a 550/575!

If running costs were around 1000 a year (plus any loss on purchase/sale) it would be okay. However, you do see adverts that state that work has been done for a lot more. I suppose that is the risk you have to accept if you own an older Ferrari. I'm less worried about the financial pain but more the emotional (physical?) danger I'd be in from my wife! She very graciously accepted my plans to do some studying but I think she assumed my form of transport in Cambridge would have two wheels (and two pedals!!)
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post #5 of 6 Old 03-21-2013, 03:13 AM
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[QUOTE=Schnellmann;240570]Thanks for the comments.

I see you both have my favourite colour for a 550/575!

Great minds and all that,

Cheers
Michael

Current Fcars: 360 Modena
Gone but not forgotten: 360 Spider, 575M, F430.
Other stuff: '71 Holden GTS Monaro, '80 BMW Alpina B9, '74 Porsche Targa, Caterham, MB CL500, Land Rover Discovery.
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post #6 of 6 Old 03-21-2013, 03:37 AM
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Quote:
Originally Posted by Schnellmann View Post
Thanks for the comments.

I see you both have my favourite colour for a 550/575!

If running costs were around 1000 a year (plus any loss on purchase/sale) it would be okay. However, you do see adverts that state that work has been done for a lot more. I suppose that is the risk you have to accept if you own an older Ferrari. I'm less worried about the financial pain but more the emotional (physical?) danger I'd be in from my wife! She very graciously accepted my plans to do some studying but I think she assumed my form of transport in Cambridge would have two wheels (and two pedals!!)
Hahaa, wives are funny...two wheels and two peddles! Hahaaa.

In 4 years owning my 575M, which had 26000m on the clock when I got it and is now 135m shy of 40000m, I've only had to do annual services that average about 300-400, a set of P-Zeros for about 1100 fitted (which I will change to MPSS but not needed until 2014) and a clutch at under 2000 including one of the services. All work done by my specialist. You can of course spend on upgrading but that is not necessary on the Maranello's.

My guess is that if I sold it, it would wash its face which is comforting if nothing else.

Maybe you could say its a bit thirsty but then smiles don't come cheap!

Cheers
Michael

Current Fcars: 360 Modena
Gone but not forgotten: 360 Spider, 575M, F430.
Other stuff: '71 Holden GTS Monaro, '80 BMW Alpina B9, '74 Porsche Targa, Caterham, MB CL500, Land Rover Discovery.
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