High mileage in a 550 Maranello - Ferrari Life
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post #1 of 31 Old 12-11-2013, 10:47 AM Thread Starter
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High mileage in a 550 Maranello

I'm wondering what all the Maranello experts think about the idea of buying a high mileage (80,000km / 50,000 miles) 550 Maranello with the intention of putting another 40-50k km / 25-30k miles on the clock over a 2-3 year period.

Theoretical Maranello is a one owner car from new, full Ferrari dealer service history and appears to be presented in very good order, so lets assume that even with 80k km on the clock it is a good car on delivery.

Big questions I'd value an opinion on are;
1) What kind of problems could one anticipate when you bring a 550 Maranello over the 100k km mark (and keep going).
2) What's the likely effect on value if we take a 2001 550M with 80km in 2014 and attempt to sell it with 130-140k km in 2016/2017?

Great idea? or madness?

Ferrari's: 360 Modena, 550 Maranello
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post #2 of 31 Old 12-11-2013, 11:33 AM
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Barry- Another Barry on the other site has a 550 with around 70,000 miles on it and still going strong. The previous owner did break a cambelt using the old recommendation of 30,000 miles for a cambelt change. One belt broke at 29,500 miles or so with the change already scheduled in a week. 24 bent valves were the result.

Other than that, no sweat. I would do a leak-down check, along with a compression check, to make sure you did not get a bad set of valve guides like a couple of owners have seen. Same problem as the F355 in that some batches of guides (all with the same part numbers) were much too soft and wore fairly rapidly. John Cribb is replacing his guides right now. John and Dave can tell you all the fixes for 550s in case yours has not already had them done, like silicone hoses under the intake manifold, front shock actuator wind up, and mild overheating not likely to be a problem where you live. Make sure the coolant has been changed frequently in one you pick up.

Taz
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post #3 of 31 Old 12-11-2013, 01:01 PM Thread Starter
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Thanks Terry
That's all good info. Appreciated.

Ferrari's: 360 Modena, 550 Maranello
Ex's: Dino 308 GT4, 612 Scaglietti
The Rest: Rolls Royce Silver Shadow, Porsche 911 2.7s, Porsche 911 3.2 Carerra, Ducati 916... and the Land Rovers
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post #4 of 31 Old 12-11-2013, 05:44 PM
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Barry- Hopefully some of the owners that actually know something about 550s will chime in.

Taz
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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.
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post #5 of 31 Old 12-11-2013, 07:54 PM
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Quote:
Originally Posted by tazandjan View Post
Barry- Another Barry on the other site has a 550 with around 70,000 miles on it and still going strong. The previous owner did break a cambelt using the old recommendation of 30,000 miles for a cambelt change. One belt broke at 29,500 miles or so with the change already scheduled in a week. 24 bent valves were the result.

Other than that, no sweat. I would do a leak-down check, along with a compression check, to make sure you did not get a bad set of valve guides like a couple of owners have seen. Same problem as the F355 in that some batches of guides (all with the same part numbers) were much too soft and wore fairly rapidly. John Cribb is replacing his guides right now. John and Dave can tell you all the fixes for 550s in case yours has not already had them done, like silicone hoses under the intake manifold, front shock actuator wind up, and mild overheating not likely to be a problem where you live. Make sure the coolant has been changed frequently in one you pick up.
I guess thats one of the main reason you prefer the 575 over the 550. Many of the Gimmicks are just solved !

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post #6 of 31 Old 12-11-2013, 08:28 PM
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212- Affirmative, bullet-proof Mannesmann-Sachs shocks and actuators, sintered steel valve guides, silicone hoses for the big trouble makers in the plenum, no return fuel injection, Motronic 7.1.1 with COP ignition, beefed up transaxle, cam seals that can be changed without removing the cams, more powerful engine, improved cooling, etc.

But the 550 is a great Ferrari, and the Skunkworks and Dave Helms have cures for any differences. Plus 550s all came with a steering position sensor, which only late 575Ms have and the sensor cannot be added realistically (without huge expense).

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

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post #7 of 31 Old 12-11-2013, 10:00 PM
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Quote:
Originally Posted by tazandjan View Post
212- Affirmative, bullet-proof Mannesmann-Sachs shocks and actuators, sintered steel valve guides, silicone hoses for the big trouble makers in the plenum, no return fuel injection, Motronic 7.1.1 with COP ignition, beefed up transaxle, cam seals that can be changed without removing the cams, more powerful engine, improved cooling, etc.

But the 550 is a great Ferrari, and the Skunkworks and Dave Helms have cures for any differences. Plus 550s all came with a steering position sensor, which only late 575Ms have and the sensor cannot be added realistically (without huge expense).

Hi Terry,
why Ferrari removed the steering position sensor on first 575? My probably have?

Fabio

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post #8 of 31 Old 12-11-2013, 11:59 PM
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Hi Barry, you know I'm only going to encourage you to get into a Maranello, and once you do, that is where you will put most of your big miles.

I think it is about finding the right balance and as a collective we need to get away for the idea that we don't touch an Fcar because it might lose some value while we own it. There are loads of threads here about values and future values, and we all go through the same mental torture especially the newer the models. Depreciation is a bugger.

To me it's about the experience, accumulated memories of ownership and the mates you meet along the way which is the real value proposition. Driving 300 miles to meet a mate for coffee, the adrenalin rush of hitting 7000rpm in top on the Nurburgring, or cruising up the west coast of Ireland as the sun sets over the Atlantic Ocean....priceless.

So if and when it comes time to sell, go through your photo album first then set your price.

Oh and make sure it has a full service history including receipts.

Cheers
Michael

Current Fcars: 360 Modena
Gone but not forgotten: 360 Spider, 575M, F430.
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post #9 of 31 Old 12-12-2013, 12:27 AM
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Hi Barry,

My 550 has 83,000kms on and shows no sign of stopping, in fact I think she is running the best she's ever has in my care. Vitalone bought his with 82,000kms and has already put another 15,000kms on in 12 months. She is also running better everyday after years of not seeing too much use.

I did have a GBP10k bill this spring - depending on where you jump in you might have to fork out dough for maintenance. I've had two big bills in 40,000 miles (GBP4k and GBP10k).


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post #10 of 31 Old 12-12-2013, 08:45 AM
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Fabio- The 575M has much improved accelerometers compared to the 550, so Ferrari thought they would be enough for lead into turn inputs to the shock ECU. Unfortunately, accelerometers lag (start slowly) while position sensors do not, so they added the steering position sensor in November 2003. All the HGTCs have the steering position sensor.

I missed it by 128 assembly numbers.

Taz
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post #11 of 31 Old 12-12-2013, 11:39 AM
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Hey Barry, totally with Onno. The more I drive, the better it seems to get. You will have to invest at some point, but you will be rewarded with sheer driving pleasure, massive amounts of torque and a thrilling driving experience. The 550 is like a flower, water it with love and it will not dissapoint you!

Jeroen

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post #12 of 31 Old 12-12-2013, 02:32 PM Thread Starter
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Lots of great opinion and advice and from owners and experts. Thanks guys. Once again the power of FLife being demonstrated.

Currently debating the pros and cons of high mileage 550 vs low mileage 550 vs low mileage 575. In general terms each category is approx 10k more than the one before, but each with reducing risk of a 10k+ service bill.

General condition and colour combos also a deciding factor. The things that keep one up at night....

Ferrari's: 360 Modena, 550 Maranello
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post #13 of 31 Old 12-12-2013, 08:01 PM
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Barry- Depends on whether you want F1 or three pedals, too. About 27.5% of UK RHD 575Ms had three pedals.

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.
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post #14 of 31 Old 12-12-2013, 10:46 PM Thread Starter
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Quote:
Originally Posted by tazandjan View Post
Barry- Depends on whether you want F1 or three pedals, too. About 27.5% of UK RHD 575Ms had three pedals.
Never realised the % of manual 575s was that high Terry. Doesn't look that way in the 2nd sales ads. The manuals are obviously been held onto by their owners!

Ferrari's: 360 Modena, 550 Maranello
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post #15 of 31 Old 12-13-2013, 12:05 AM
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Barry, 69 RHD manual 575's as far as I know....so percentage sounds ok but still hard to find. I also agree with Onno and Jeroen, I'm at 43000 miles just shy of 70000km and the car just gets better and better. I haven't had any major maintenance issues or broken down in my 4 year tenure, as the car came with a full receipted history and the major belt service was done as part of the deal. I did the clutch in year one, and brakes and exhaust in year two, nothing major in Year three and am doing a major belt service this winter along with some cosmetics to the exterior and new rubber. Not sure how it averages out each year and a lot of what I have done are subtle upgrades so would not be completely necessary.

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 #16 of 31 Old 12-13-2013, 12:35 AM
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Quote:
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Barry, 69 RHD manual 575's as far as I know....so percentage sounds ok but still hard to find. I also agree with Onno and Jeroen, I'm at 43000 miles just shy of 70000km and the car just gets better and better. I haven't had any major maintenance issues or broken down in my 4 year tenure, as the car came with a full receipted history and the major belt service was done as part of the deal. I did the clutch in year one, and brakes and exhaust in year two, nothing major in Year three and am doing a major belt service this winter along with some cosmetics to the exterior and new rubber. Not sure how it averages out each year and a lot of what I have done are subtle upgrades so would not be completely necessary.

Cheers
Michael




But I understand Michael that you are talking about your 575. Not a 550. Hence the more modern, bullet proof version. You siad you did the Brakes, does that mean you changed the disks as well ?

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post #17 of 31 Old 12-13-2013, 10:51 AM
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Barry- That only makes 69 of them, like Michael said, and several have moved to Australia and elsewhere.

Taz
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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.
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post #18 of 31 Old 12-14-2013, 01:28 AM
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Given the way prices are going on on early 599 GTBs might be worth looking at one of those as well.
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post #19 of 31 Old 12-16-2013, 12:08 PM
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575 Experience

I think Michael has hit the nail on the head. My 10 year old car has doubled its mileage to 24k in my 3 year ownership. The first owner spent a LOT of money on very limited pleasure!

My only other comment would be find the right person to look after it. I have now found somebody who genuinely cares about my car here in Scotland. The difference is huge in that I now completely trust what he says needs doing and what he says he has done. Enough said.

I have no regrets about a two pedal car, and as I have said elsewhere believe that this helps me access the wonderful performance.

Go for it!

S
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post #20 of 31 Old 12-16-2013, 01:34 PM
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Hi 212, yes I'm only conveying my own experience of course and I would definitely consider the 575M a pretty bullet proof car. I wasn't really aware that the 550 was perceived as somewhat less so, even though there were some significant developments. In fairness as mine is a manual I've always sort of looked at it and the 550's in a similar light.

On the brakes, when it was time to do a little more than just pads I looked at CCM and other big brake conversions but decided to stick with a traditional set up and go with EBC discs and Yellowstuff pads and replaced the brake lines with new hand made stainless items with the best fittings we could find. Even sheathed them in rubber so they looked OEM. The brake performance was improved out of sight giving great confidence. I think the lines were the key but must admit that I have been really impressed with the longevity of the pads and how they perform under sustained hard driving like trackways.

Cheers
Michael
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