Page 1 of 5 123 ... LastLast
Results 1 to 10 of 41

Thread: Really low mileage cars - don't quite get it....

  1. #1
    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    10,845

    Default Really low mileage cars - don't quite get it....

    Following on from David's thread about putting miles on a car (not a bad thing to do IMO) it was interesting to see 2 cars with basically delivery miles go for very high prices yesterday at RM Auctions. A 348 with 600kms went for 75,600 and a 328 with less than 200kms went for 156,800....... yep you read those right. Both were LHD so obviously far more numerous by far than a RHD example but both were obviously in 'as new' condition.

    Obviously whoever bought them has got pristine examples of those motors, good on them, but my 'guess' is that they'll go from one collection into another. Again, each to their own, they are beautiful peices of automotive art. But if you take it that 'into another collection' is the most likely scenario doesn't it make the mileage utterly irrelevant? Just a number on the dash. If the car doesn't go anywhere what's the difference between a zero miles car and one that has done 30k then been spruced up to loook like new? Other than that number on the dash and the car that's been driven having a slightly more interesting 'life' obviously.

    As I said, each to their own but it has left me scratching my head a little. In both cases the 'premium' for zero miles is about 50% of the value of the vehicle (over and above the top end of the rest of the market). Would make sense (kinda) if you were going to drive it and so wanted a 'new' car. Just makes less sense to me if it's literally just that number on the dash because the car's destined to sit anyway

  2. #2
    Join Date
    Jan 2006
    Location
    england
    Name
    jos
    Posts
    19,086

    Default

    There was quite an amusing thread on Fchat the other day when a guy posted that he was looking for a 599GTO - but nothing above 200 miles would be considered.....he got quite a bit of flak but claimed he was only looking for it for a friend

    Conversely the McLaren F1 at Pebble Beach with 1500 km or whatever it was failed to sell even close to market for a regular mileage car

  3. #3
    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    10,845

    Default

    So what you're saying, Jos, is it's just us Ferrari owners who are 'tarts' about low mileage

    One thing I've always found hard to fathom is that we (as Ferrari owners) pretty much all maintain that the cars need driving and that a well maintained, regularly driven car is 'better' than one that's just sat. Then we (as Ferrari buyers) pay a premium for a low mileage car that's just sat over one that's been regularly driven but well maintained.

  4. #4
    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    10,845

    Default

    Excuse the slightly crude nature of this quote but reminds me of something I read a while back.

    In answer to the question "Should I keep the miles off my car to maintain value?" An owner stated "Not driving your ferrari in order to maintain value is a bit like not sleeping with your girlfriend so she's more desirable for her next boyfriend!"


  5. #5
    Join Date
    Mar 2013
    Location
    Lincolnshire
    Name
    Matt
    Posts
    1,173

    Default

    I wonder how it feels to be a designer of a hypercar. ie not the commercial bods, or even production, but the lead of the team that pens it ,knowing all through the process that their creation is probably going to end up in a collection unused.
    I told the boy at Scampton to give that La Ferrari a good coat of looking over as we'd rarely see another - yet in development they get pounded round Fiorano honing the handling and developing the active aero.

    It must hurt the creator to see that, unless I guess, they can "move on" to the next shiny project.

  6. #6
    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    10,845

    Default

    Think the LaFerrari we had at Scampton will get plenty of use rather than languishing in a collection. Many will but I bet that one won't

  7. #7
    Kyodo's Avatar
    Kyodo is offline Frankenstein's monster - The Ferrari F430 Club Member
    Join Date
    Jul 2013
    Location
    Windsor, UK
    Name
    Mark
    Posts
    2,234

    Default

    Quote Originally Posted by Nosevi View Post
    "Should I keep the miles off my car to maintain value?" An owner stated "Not driving your ferrari in order to maintain value is a bit like not sleeping with your girlfriend so she's more desirable for her next boyfriend!"
    That about sums it up. My Grandmother used to go on at my Dad because he didn't put seat covers in his cars like our Aunt did. Again - "what's the point of having nice seats if you never see them..."

  8. #8
    Join Date
    May 2010
    Location
    Herts
    Name
    Graham
    Posts
    584

    Default

    My uncle kept the plastic vinyl on the seats of his Nissan bluebird lol.

  9. #9
    irarref's Avatar
    irarref is offline Nowhere to put the shopping -The Ferrari F40 Club Member
    Join Date
    Oct 2011
    Location
    North West
    Name
    Jeff
    Posts
    3,349

    Default

    So how many miles have you driven in yours then Pete?! ;-')

    Just checked mine and in the 3 years of ownership I've done 10,640 miles which works out at 3546 pa / 295 pm

  10. #10
    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
    Join Date
    Jun 2011
    Location
    Lincolnshire
    Name
    Pete
    Posts
    10,845

    Default

    Quote Originally Posted by irarref View Post
    So how many miles have you driven in yours then Pete?! ;-')

    Just checked mine and in the 3 years of ownership I've done 10,640 miles which works out at 3546 pa / 295 pm
    Less than you. More than the 400 miles in 25 years that the 348 tb that just sold for 75k has done

    Fair point though. But my 'limited' driving has nothing really to do with keeping the miles off to protect value and more to do with spending my time doing other things and the fact my car has 2 seats and my family has 4 members. She really is a toy for the odd blast round the countryside rather than a form of transport.

Page 1 of 5 123 ... LastLast

Similar Threads

  1. high or low mileage 348?
    By photoman1963 in forum Ferrari Talk
    Replies: 18
    Last Post: 23-02-2010, 10:31 AM
  2. What to look out for on low mileage 360
    By dermot in forum Ferrari Talk
    Replies: 5
    Last Post: 20-03-2009, 09:22 AM
  3. Very low mileage cars
    By Webber3 in forum Ferrari Talk
    Replies: 14
    Last Post: 23-02-2008, 04:48 PM
  4. Low mileage 355's
    By candellara in forum Ferrari Talk
    Replies: 24
    Last Post: 21-11-2007, 09:34 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •