2002 575M - $84,900 w/ 17k - Anyone know this car? - Ferrari Life
 
LinkBack Thread Tools Display Modes
post #1 of 12 Old 08-05-2013, 01:50 PM Thread Starter
Owner
 
bisel's Avatar
 
Join Date: Jul 2012
Location: Scottsdale
Ferrari Life Posts: 419
2002 575M - $84,900 w/ 17k - Anyone know this car?

2002 575M for Sale ... $84,900 with 17,000 miles

Although the dealer does not know the difference between a 6 speed stick shift and a F1 transmission, this 575M seems a very low price ... maybe too low. Anyone know anything about this car?

http://www.hoffmanauto.com/used/Ferr...3713a890bb.htm

Steve
bisel is offline  
Sponsored Links
Advertisement
 
post #2 of 12 Old 08-05-2013, 07:58 PM
Owner
Elite Member
 
tazandjan's Avatar
 
Join Date: Aug 2011
Location: Albuquerque, NM
Ferrari Life Posts: 11,881
Steve- No, that is probably about right for a good 02 with 18" wheels, Daytonas, leather shelf and shields. Have not seen this one before, but she appears to be in good condition. Needs new headlight gaskets, which are readily available. Would be nice to know if they have any service history and when she had her last belt change. Plus whether the dash has pulled loose at the windshield. Would need a good PPI, since photos do not do much to indicate mechanical condition.

Taz
Terry Phillips

Present: 575M 135171
Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

Every day I look around, and if nobody is shooting at me, it is a pretty good day.
tazandjan is online now  
post #3 of 12 Old 08-06-2013, 04:10 AM
Owner
 
Join Date: Aug 2012
Location: New York
Ferrari Life Posts: 74
02 575

Looks like a nice car, You need a PPI from a reputable shop, there's plenty in the tri state area that are very capable. On a 11 yr old car you can expect a few leaks as well as the sticky plastic parts and possibly a belt service with tensioners and intake manifold gaskets and you may as well do the water pump while your in there. If all of these maintenance items and the things Taz metioned have been addressed, it sounds like a good deal. If not, there all correctable as long as you have the price adjusted to have a quality shop do the repairs, NOT the selling dealer who's going to cut corners.If this is your colors I think its worth looking at, you don't find them in this price range with 17k on the clock
DONRON is offline  
 
post #4 of 12 Old 08-06-2013, 05:22 AM
Owner
 
360 Modena's Avatar
 
Join Date: Sep 2009
Location: USA
Ferrari Life Posts: 4,516
Rather suspect when it lists the car as a "six speed manual" but the posted pictures are F1 shifter

I wonder if the listing is wrong, or they uploaded stock pictures from the Internet?
360 Modena is offline  
post #5 of 12 Old 08-06-2013, 05:59 PM Thread Starter
Owner
 
bisel's Avatar
 
Join Date: Jul 2012
Location: Scottsdale
Ferrari Life Posts: 419
I emailed the dealer suggesting that someone stole the stick in the their six-speed stick shift 575M. I pointed out that the little handle thingie on the center console was not the shifter, but got email from a gal there who was told by the sales manager that the little thingie was the shifter. I am going to assume that this local Toyota dealer (or whatever they specialize in) got a smoking deal at a local auction. Maybe trade in for another high end car and a dealer could not move it ... but I question if there are problems here.

This might be an OK car ... CarFax says two owners and last one had the car for a fair amount time. No indication of service records and of course one would want a full PPI. I originally thought $85K seemed low, but Taz thinks about right for a 2002 model. If the car was in "good to go" shape, I would think might be a good deal .... anyone in the Hartford, CT want to provide an opinion?
bisel is offline  
post #6 of 12 Old 08-06-2013, 09:00 PM
Owner
Elite Member
 
tazandjan's Avatar
 
Join Date: Aug 2011
Location: Albuquerque, NM
Ferrari Life Posts: 11,881
Steve- Someone called the dealer and she was a trade-in, so they probably do not have more than $70K in her.

Taz
Terry Phillips

Present: 575M 135171
Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

Every day I look around, and if nobody is shooting at me, it is a pretty good day.
tazandjan is online now  
post #7 of 12 Old 08-07-2013, 06:32 AM Thread Starter
Owner
 
bisel's Avatar
 
Join Date: Jul 2012
Location: Scottsdale
Ferrari Life Posts: 419
Quote:
Originally Posted by tazandjan View Post
Steve- Someone called the dealer and she was a trade-in, so they probably do not have more than $70K in her.
Thanks, Taz. I also posted in other Ferrari chat and have seen similar answers. I was thinking might be good car if the price is right. When I check Autotrader, the 2002 models are asking nearer $100K ... of course I realize there is wiggle room. My thoughts on this car is that the dealer does not regularly deal in Ferraris so there is low likelihood they know of any service records on this car. IMO, one would need to factor in a full service as it likely not performed ... so what is that? Maybe $10k or so to include the headlight gaskets you mentioned, belts, fluids, etc. Assuming that the clutch is OK, but I would want to look at the TO bearing as it is 11 years old ... what do you think? Offer $70K and see what they say?

Steve
bisel is offline  
post #8 of 12 Old 08-07-2013, 06:42 AM
Owner
 
Join Date: Mar 2011
Ferrari Life Posts: 50
keep in mind alot of those 02 cars you see listed on autotrader for closer to $100 have been sitting there for a looooong time.

trade in imo on that car is 60-70K
p1turbo is offline  
post #9 of 12 Old 08-07-2013, 09:07 AM
Owner
Elite Member
 
tazandjan's Avatar
 
Join Date: Aug 2011
Location: Albuquerque, NM
Ferrari Life Posts: 11,881
Steve- $10K should more than take care of any service she needs. As a data point, my five year, which was really a 10 year since the last belt swap was a lock and swap, that included degreeing the cams and R&Ring the intake manifold, was $5300. I would also have the suspension aligned on any new Ferrari acquisition. Did not do that on mine, and she wore through the front tires in about 2000 miles.

Taz
Terry Phillips

Present: 575M 135171
Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

Every day I look around, and if nobody is shooting at me, it is a pretty good day.
tazandjan is online now  
post #10 of 12 Old 08-11-2013, 05:26 AM
 
knutzl99's Avatar
 
Join Date: Mar 2013
Location: naples,fl
Ferrari Life Posts: 61
575 belt service/ f1 actuator

Maybe I can give some input 575 being sold by Hoffman Porsche/Audi in Hartford . It was originally by Miller Motors for $224,000. Took car as trade in on Porsche. Marcia the sales gal says interior still intact and not separating.

Second had car for about 7 years. Had last performed by Ferrari of New England in February 2013. This included fluids ,flushing and belt service for 15000 mile service.

The tech who did the service at dealer noted "dampness around F1 actuator.

Owner did not pursue this and also was supposed to replace tires.

No mention of exhaust gasket condition or loose manifold by technician.

I have copies of original MSRP and last service performed. Owner spent $6500 on service.

This specimen has been on my short list also. But have info and willing to share.

Called Josh at ECS to review last service. He says need the PPI to ascertain whether there are issues with F! actuator. Repairs could run $4000 and up. I have read complete trans rebuild could be $15k..

Also these cars have history of issues with steering assembly seals going. Replace is about $6500.

Given price of car I would think $5000 off selling price for negotiation and then at $80,000 deduct repair issues. Worst case $4000 + for actuator if needed , manifold gaskets, loose brackets, etc.

So $80,000 less $4000 gives about $76000 or less to cover repairs.

Before that I think dealer might just wholesale rather take price discount.

This long Porsche dealer so may very well be tough negotiator.

don Knudsen

By the way Naples, Fl has three high exotic car dealers all selling Ferraris and there is a Maserati dealer that gets Ferrari tradeins.

I was at Naples Autosports and they have several interesting 575's...3 in different greys.
Blackhorse motors in Naples has a red/tan 2002 575 for $115,000, 17k in miles and several owners including one that owned the car for 5+ years. Servicing performed by Manfred's Automotive in Naples. Did belt change in March 2012.

There are some others I am following in my hunt. I find very good prices at Jakes and Ferrari of Washington has tradeins on vehicles they have serviced. Depending on vehicle, lots of service records.

I coordinate with Josh at ECS to do PPI. Washington's prices may not be the lowest but these are consignment cars and often owners will accept reasonable offer. Consequently, their cars turn over in 3-4 weeks sometimes sooner.

When I find my ride, would appreciate advice from forum ,especially Taz, I am finding attractive 575's but keep running into maintenance issues where owners do not attend to vehicle needs. Some defer the maintenance
knutzl99 is offline  
post #11 of 12 Old 08-11-2013, 01:44 PM
 
knutzl99's Avatar
 
Join Date: Mar 2013
Location: naples,fl
Ferrari Life Posts: 61
further follow up vin ZFFBV55A020127585, ASSEMBLY MUMBER 44863

originally listed for 89,900 and then reduced to 84,900.
$6321 spent on belts, foil change, headlight.

conditions noted: 1. ss break fluid black
2.power steering fluid brown
3.some [email protected] actuator
this was noted onFeb 13,2013

like to get impression on findings
I think owner reflected on repairs and decided to sell.

don
knutzl99 is offline  
post #12 of 12 Old 08-11-2013, 02:58 PM
Owner
Elite Member
 
tazandjan's Avatar
 
Join Date: Aug 2011
Location: Albuquerque, NM
Ferrari Life Posts: 11,881
Have to use an expert to look at her. On any used car probably a good idea to change all fluids and filter when you get her to give a baseline. Suspension alignment, too. No telling where the dampness on the actuator originated, but having someone run an SD2 check on her while observing the actuator would be a good idea, along with changing and bleeding the F1 fluid and system.

Color on fluids does not bother me too much, but checking for leaks on the power steering hoses and boxes would be in order. Hoses are a relatively easy fix as long as you get them from a hydraulic shop and not Ferrari.

Taz
Terry Phillips

Present: 575M 135171
Past: Dino 246 GT 02984, 365 GTB/4 14009, 308 GTS 25125

Every day I look around, and if nobody is shooting at me, it is a pretty good day.
tazandjan is online now  
Reply

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome
Copyright 2012 ONE Media, Inc.
FerrariLife is independently run with no affiliation with Ferrari SpA
Ferrari for Sale | Maserati for Sale