I'm new to the forum here and this is my first post. I have a Shelby that I paid 15K for 15 years ago that is currently worth over 120K in its' current state. I plan on buying a Ferrari with my dough and I am trying to make an intelligent buy with my money. I don't need to make any money, I just want to protect my money. I'm not a rich man, but I have a strong mechanical ability. I have restored numerous Shelby's and specialized rare muscle Fords and Mustangs over the years. Additionally, I am a former FIA, IMSA and SCCA National license holder. So I'm not new. I'm interested in purchasing a 512tr, but I need to do my homework first. Have Testarossas and 512TRs bottomed out in the market yet? I've heard that the Testarossas have bottomed in value. Is that true? And what's the general opinion on the 512s? I know the current values on the 512s is considerably higher. All Opinions welcome...
Dear Comrade gsjohnson,
I have a 512TR that has been within my custodianship for many years long standing. It is a wonderful motor car and nothing would encourage me to part with it. In every way possible it is truly sublime.
Comrade Boxer has stated that they are expensive to maintain. However, I have not found this to be the case. Naturally, the cam belt change is not inexpensive as it requires the engine to be removed.
The 512TR is a very different motor car to the Testarossa. I have not driven a Testarossa, but my understanding is that the 512TR is more refined.
I have no evidence to corroborate my opinion, but I suspect that the Testarossa, 512TR and 512M have depreciated as much as they are likely to.
I suspect that if you take your time and make certain that the car you eventually acquire is a very good example, I am confident that you would be very happy with it and likely to have the additional comfort of zero depreciation and perhaps, even a gradual appreciation. All this notwithstanding, should a poor example find its way into your tutelage, you may well find that Boxer's opinion may well come home to roost. As I can well understand how the maintenance costs could go into orbit. So do be careful and make haste slowly. One final comment, there were essentially two examples of the 512 TR. The later version had ABS and other refinements. So you would be best advised to find one of these if at all possible.
Regarding maintenance: I have a friend within The United States of America and he has a 512TR. He is a physician and performs all of his own maintenance - including removing the engine for the cam belt change. So it is possible for someone with the desire and the mechanical aptitude/expertise to perform their own repairs and servicing.
I live in England and have presumed from your post that you live within The United States of America. However, should you be domiciled in Florida I could speak to my friend there and I do feel most confident that he would be only to pleased to proffer help and advice.
All good wishes.
With kind regards,