A Guide to Buying Used Ferrari

3 minutes read

Are you an exotic car enthusiast eyeing to buy a new Ferrari, but are not quite ready to invest in a new one? Why not buy a second hand/used Ferrari? Yes, you can get one that’s just as good as new from top dealers who carry a great selection on used Ferraris.

The idea of buying second hand Ferrari can be unappealing to some people, especially with the horror stories making rounds on the internet. But if you are interested in owning one, you’ll be pleased to learn that there are a handful of dealers in the market who offer incredible used Ferrari deals. Well, Ferraris are expensive, and it’s only reasonable to be wary; however, your main worry shouldn’t be getting value for your investment, it should be finding the right dealer because that will clear every other concern that you may have.

Here are relevant facts to note when planning to buy a used Ferrari:

The dealer’s reputation

The first thing that you want to look at when purchasing an older Ferrari is the dealer’s reputation. Keep in mind that not all dealers are created equal – they differ based on their relationship with manufacturers, customer satisfaction levels, consistency in delivering quality and so on. You want to gauge how good a dealer is, and how honorable they are when it comes to keeping their word. Some dealers strive to buy the best cars, factoring in aspects like original build specification, pedigree, etc. to ensure they are getting the best possible deal. However, there are others who don’t consider these aspects. That’s why you should pay closer attention to the dealer’s reputation. Ideally, you want to look at their reviews, testimonials, collections and so on.

Provenance and condition

The history of the car will offer vital clues as to how it was taken care of in the past – whether it’s worth the price tag and its future worth. Older and cheaper cars may have gaps between their service histories. Newer and pricey vehicles, on the other hand, should have incredible service history, preferably with a specialist or franchised dealer.

Another critical thing to watch out for is the recent spend – if the previous owner has not invested a lot of money on the car, then you’ll probably have to. Ferraris often have few owners – but you should consider one that has had the least.

Mileage

It’s a good idea to find a Ferrari with low mileage, but it’s best to buy one that has higher mileage with incredible service history, than with low mileage and plenty of gaps between services.

Paintwork

Many used Ferraris have had cosmetic touch-ups or corrective paintwork, so it’s okay if the paintwork isn’t all original. But pay attention to evidence of poor repairs and crash damage and don’t let that slide – if you can see them, then the next potential owner will too.

Test drive

What better way to know how the car in question feels or drives than to take it on a test drive? And if you can’t tell the difference, have someone who has driven a Ferrari before test it for you.

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