Nice work if you can get it

Received wisdom is that the best way to make a small fortune is to start with a large one.  Although usually cited as an example of people frittering away their wealth but it also conceals the truth that it takes money to make money.

Consider the cars people buy; ten years ago a ford Focus ST or Mondeo Turbodiesel for about £19,000.  Prices for the Focus today are in the region of £4-5,000, the Mondeo could be had for £1,000 or less.  That, as you’ve probably worked out, is £14-18,000 lost in depreciation if you bought new and kept the car all that time.  Although depreciation is non-linear it works out as costing at least £1,400 on top of the other running costs.

Contrast that with the 2005 Ferrari 575 Superamerica that sold at auction last week for $517,000, which works out at about £345,000.  The list price for the same car when it was new was £191,000 (or £198,800 with the F1 gearbox).  Rather than losing money that is an increase of £14,700 a year on average.  It might not be a large fortune but it is better than nothing.

Of course, to make that money you need to be in the position to buy the Ferrari in the first place.  You also need to choose your car wisely, if you’d gone for an ordinary Ferrari 575 you’d have saved about £40,000 initially but that car would only be worth £90,000 today (only!).  It also makes me wonder if anyone leased a 575 Superamerica and what the monthly payments are like on a car that is going up in value.

News Roundup 21 January 2011

Possibly the biggest car news story of the week, if not the most important, was the announcement of the Ferrari FF. Whether in a deliberate or coincidental nod history it is a luxury, high-performance, four-seat hatchback with four-wheel drive – not unlike the Jensen FF from 1966.

From Fourwheelsteer: Motoring Writer

Ferrari says its FF stands for Ferrari Four (four seats and four-wheel drive) so Ferrari FF is actually a tautology. Whatever the name Ferrari claims the all-wheel drive system does not compromise the car’s ‘ideal’ 47:53 front-rear weight distribution. It also refers to the car having a transaxle. As I understand it; that means there must be one drive shaft from the engine in the front to the gearbox at the back and another drive shaft running from the gearbox to the front differential. No-one else has commented on this, it will be interesting to see what the FF looks like under the skin. Hopefully all the car’s secrets will be revealed when it is officially unveiled in Geneva this March.

If you are in the market for Ferrari’s latest offering then the Aston Martin Cygnet probably qualifies as affordable town transport. The compact, Toyota-based Aston costs just over £30,000 and production is due to start in April.

From Fourwheelsteer: Motoring Writer

Final news story to catch my eye was the report that discussions are taking place about exempting the oldest historic vehicles from the requirement to pass an annual MOT test. Justification for the move is given that the vehicles in question cover such small mileages and are usually well maintained so the safety impact would be minimal. Of course owners would be expected to maintain their vehicles in roadworthy condition – just as every motorist must.

Car of the Week – Subaru and Toyota RWD Sports Coupé

This week Subaru announced that it would show its Rear-wheel drive sports coupé platform at the Geneva Motor Show in the spring. As you might expect few facts have been revealed ahead of the official unveiling. The only thing we know for certain is that it will use a Subaru trademark flat-four engine.

Actually that’s not quite true; there is a Toyota version - the FT-86 – which has been seen at a couple of motor shows. Apparently the FT is about the same size as a BMW 1-series coupé and has room for four. It is also supposed to be light and power could be anything from 150-350bhp.

From Fourwheelsteer: Motoring Writer

If Toyota and Subaru can get the dynamics right, get details right – like the steering, gear change and pedal feel right – and price it affordably and it could be as big a success as the MX5 was for Mazda.

Dream come true

There is a theory that you should never meet your heroes. It is not a view I share, especially not since meeting one of my four-wheeled heroes at the weekend.

From Classic Motor Show NEC 2010

It was a 1966 Ferrari 275 GTB, in silver on alloy wheels; one of only six alloy-bodied, right-hand drive cars built. My ride came about through the Sporting Bears Motor Club, which raises funds for charities by selling off 'Dream Rides' at the Classic Motor Show.

First impression of the Ferrari: it is small; not so much short but low and narrow, especially compared to the Ferrari 599 that was nearby. Inside there is plenty of room; mainly because the gearbox is behind you and there is no massive central console, in fact there is nothing but the essentials. A simple, crackle-finish dashboard with dials for everything you need to monitor; big, well-spaced pedals and a left-food rest; and the gear lever and steering wheel looked well placed.

It might not look impressive inside but it is surprisingly comfortable with decent seats (non-reclining buckets, as I recall) and firm but well controlled ride. It went well too, and sounded great as the red line approached (about 6,500-7,000 I think). But if you're just cruising it is quite civilised. It also seems nicely balanced. Jerry, the owner wasn't hanging the tail out or anything dramatic like that but you could feel how the car could be steered with the throttle. I was also impressed at how, when we returned to the NEC, happy the car was to sit at tickover for several minutes. The water temperature rose a little but other than that there were no signs of temparament.

Add to that a glorious view down the bonnet, with the front wings curving up and a cinemascope windscreen to frame the scene. Although I noticed that there were dints on the passneger-side wing, looks like someone rested their elbows there and left an impression in the aluminium.

The 275 was everything I hoped for, a glorious experience for the eyes and ears. I still grin when I think about it.

From BIMS 2008 Oldies

From Goodwood Festival of Speed 2010

Oh and I've added a few more Ferrari 275 GTB photos, because I can.

Goodwood Highlights 1: Ferrari Pinin

I was lucky enough to go to the Goodwood Festival of Speed this weekend just gone. It is probably the only place where you’ll find so many high value, rare and unusual cars together. This year there were several cars that I’d admired which I’d never seen before.

One of those was the Ferrari Pinin concept. This was a design study for a four-door Ferrari to celebrate Pininfarina’s 50^th anniversary in 1980. It was once suggested as a possible replacement for the Ferrari 400 GT.

From the pictures I saw it looked like the most elegant four-door saloon ever built. Up close it was just as stunning as I imagined; although four days exposure to dust and crowds probably did nothing for the car’s condition.

(Copyright Wouter Melissen)

It does look a bit dated now although the exterior styling has probably stood the test of time better than the interior. Unfortunately I couldn’t take any interior photos but it was very much of its time.

I just wish Ferrari could build cars as stunningly elegant as this today.

Picture of the Week – Bristol 603

Several years ago I worked in Knightsbridge, London. One of the fringe benefits for any car enthusiast was the number of interesting cars in the area. HR Owen had a showroom up the road where a selection of Ferraris could be found, there was a Rolls-Royce Camargue that parked round the corner but it was the Bristol 603 that always caught my eye. It looked like it was well used although I only saw it being driven once, by an attractive blonde lady.

The 603 was launched in 1976 to replace the 411, mechanically they were more or less identical but the 603 had a controversial new body – the passenger compartment was wider and more spacious but did look a little too wide for the rest of the body.

A blast from the past

Going through the day’s press releases (it is a tough, dirty job but someone has to do it) I saw a name that I hadn’t heard in years. The name was ZF-Nivomat which is a self-levelling suspension strut which works using the movement of the suspension to maintain a constant ride height. I first heard about it in connection with early Porsche 911s (where it was the Boge Nivomat) but I suspect the first use was either on the Range Rover or the Ferrari 365GT 2+2.

The advantages of self-levelling suspension include more consistent handling and ride because the suspension is not bouncing along on the bump-stops. Tyres sit properly on the road, which helps road holding and reduces the danger of uneven tyre wear. Even a slight change in a vehicle’s angle of attack can upset the aerodynamic performance of the body; i.e. a heavy load in the back forces the back of the car down and the front up, increasing aerodynamic drag. Even the headlamps work more effectively because their aim is not upset.

ZF were keen to stress the advantage of a self-contained unit in terms of simplicity and economy. In my experience pneumatic suspension and Citroën-style oleo-pneumatic suspension offer advantages that the Nivomat strut cannot match. What cannot be done is to easily incorporate pneumatic suspension into vehicles not designed for it.