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Discussion Starter #1
How come it seems like Dealers only sell used Ferrari's and you can't buy them through private owners?:wall: I've searched the net and it seems like they are always at Dealers only.

Anyone tell me how to find private owners selling there Ferrari's.:thumbsup: Is there a website strictly for this?
 

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You can look on the Ferrari Market Letter but that requires a subscription.

There's also www.drautos.com. That's Dupont Registry.

Hemmings Motor News.

Buying & Selling section above.

Tons of places.
 

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What's wrong with buying from a dealer? Ferraris are costly when they go wrong, so a bit of warranty is not to be sniffed at.

If you do want to buy from a private person, I would recommend going through your local Ferrari club. The vehicle will then have a history you can corroborate and you'll have much more peace of mind.

I'm not a member myself but I think you can also find good private buys in the Ferrari Market Letter.


Onno



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I agree with Onno. I would only ever buy from an Independent or main dealer. If you buy privately you have no come back if it goes wrong 2 months later. You must have PPI done if you buy privately (or even if you buy from a dealer).
If you have to buy privately, make sure you ask members of owners clubs or forums if they know the car, you need to get as much info as you can.
 

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Discussion Starter #5
Thanks everyone for the info/advice.:thumbsup: I've just been doing some research on different used Ferrari's and they only seem to be at Dealers. Perhaps most people trade them in at Dealers rather than selling outright afterall it's not a used Toyota.
 

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I just made a bi sale and have about $45,000 to spend on a Ferrari. Which would you recomment keeping in mind I would have to keep total annual costs under about $3,500. Is that possible? Should I go 328 or 348? Please don't let my first dream car experience be a bad one!! ADVICE!!
 

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I just made a bi sale and have about $45,000 to spend on a Ferrari. Which would you recomment keeping in mind I would have to keep total annual costs under about $3,500. Is that possible? Should I go 328 or 348? Please don't let my first dream car experience be a bad one!! ADVICE!!
First of all welcome to the forum. I am not an owner, but from my learned knowledge on the site for annual running costs a 308/328 would be your best bet with a pristine car. A 348 would cost you a bunch more per year to run with the belt changes costing $6,000+/-. Hope this helps some. There are many veteran owners that will chime in soon.

Chris
 

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Maintenance costs vary and if you are buying based upon maintenance costs you are not thinking clearly.

You might be best to narrow down you vehicle choice and then decide from there.

here's another good spot to check: http://www.globalautosports.com/

And again there is no definite peace of mind buying from a dealer than from an individual or from an independent.

Use good judgment at all times.
 

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I understand what you are saying, however, maintainance cost is a factor for those of us with limited funds. I guess if money wasn't a factor I'd buy a brand new 430. I believe you don't have to make 1m a year to enjoy a Ferrari. Am I right? So, if someone can easily afford $4,000 a year in maint cost and afford around $50K to purchase...is there a Ferrari that matches that criteria? I'm I going to be disappointed with a 328? I'd like to think I can put 5,000 plus miles a year on one.

Input is welcome. Buying a Ferrari is scary! I'd like to know how high maintainance are these cars (328, 348, mondial).
 

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mercermedia69,

Yes, buying a Ferrari is scary. But it is certainly manageable and not out of reach for the numbers you quote. You can run a Ferrari on a budget - in fact, a lot fo my friends do. And I do as well, except my budget is a bit larger. Here's my opinion:

It is perfectly viable to run a 328 on the numbers you're quoting, provided you do the following.

1. Buy a good one from a reputable specialist including major service.
2. Keep at least $5k in the kitty for a rainy day.
3. Budget for $4k a year and put this money also into the kitty if you don't need it.

You should be fine after that. If it's a good car and a good specialist, you shouldn't have any costs in the first year, and little in the second (depending on how much you drive it). You can be unlucky, though, so that's why I put in the $5k.

The 328 is a perfect first Ferrari - great looks, great sound, not too heavy on maintenance, reliable and great to drive.

Cheers,


Onno



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Motorcars of distinction (www.modexotics.com)

I really do not recommending businesses to friends, family, and colleagues when it comes to dealerships or service centers since I have gotten burned so many times but I would like to recommend Piero Navarro and Motorcars of Distinction based in Palm Beach, Florida. You should check their website, www.modexotics.com. I live in Illinois and ship all of my cars for service there. They will arrange shipping for a very nominal fee and hands down is the best and most honest service center you will ever encounter. Piero has certified Ferrari and Lamborghini techs and is also an authorized parts dealer. He also has dozens of cars for sale and if you are in a market for a car, just let him know on what kind of car you would like to purchase, he will then go to the auction and purchase the exotic car for you. He will then transport the car to his dealership and do a full service and all of the punchlist that by the time it is done, you have yourself a brand new Ferrari for the price of a used car. Piero currently has seven exotics cars he is servicing for me and I know I can bank on him. He also has a full service body and mechanical restoration shop in which he is currently restoring one of my Countachs, Murcielago, and Chevelle for me. His price is super reasonable and he does not advertise. Check him out and tell him that I sent you. You will not regret it.
 

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Is the maintainance on a 348 a lot more? It seems for 50K I can get either a 3289, 348, or mondial. Which do you feel is my very best bet for getting the Ferrari experience with the least "exposure" to high costs?
 

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Is the maintainance on a 348 a lot more? It seems for 50K I can get either a 3289, 348, or mondial. Which do you feel is my very best bet for getting the Ferrari experience with the least "exposure" to high costs?
My first Ferrari was a 1988 Testarossa. Hands down, IMHO, the testarossa is the best exotic for the money. You can get a lower mileage testarossa which has been recently serviced for $60K still. Those cars were over $200K when new.
 

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just to add some [in my case small :D ] weight to the above.

+1 on local Ferrari clubs as the owners usually are well known or understood and their vehicles have been also. The stories of an unknown car can be damaging to estimated car budgets. I feel the car clubs or sites like this one will offer the best in a car that can be understood better.

ONNO's budget is about right. IF you feel just having cash stashed in an account for Ferraris only is a bit over the top, well, think of a better means to finance such and pay off the repair or issue quickly. ME, I sometimes have 'balance transfers at 1-2%' for life of loan, that is a better use of cash, in my case...but I pay the balance off very quickly. Why? I am more concerned with fixing issues than drawing them out for a lack of cash.... I just sleep better knowing the car is done. Some may not agree or shy from my style, but to each their own. Shoot, I have a friend, Greg [not the same here] who was a DIY and a shoestring owner ... couldn't slap about the bucks like some big rollers [neither can I truthfully] but managed FIVE Ferraris over his time. It can be done, just don't bet the rent money on shoestringing your way.

the 355/348 series are among the MOST expensive even when sorted out, to maintain. But should not be stayed away from as they are great cars. True the older 3x8 series can be a better bang for your buck...but, quite frankly there are few bargains in Ferraris as they have their own set of issues. For instance, the older the car the more it needs to have parts replaced. In the long course of things, the engines are the most robust, it's the things that attach to it that need replacing.
 
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