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Flood Damaged Ferrari, Is it worth the low price?
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Posts: 4From: cape codRegistered: Oct 2004
capecodder
Junior Member


Thursday, October 07, 2004 6:03 PM

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I am new to the forum. I would like some info on purchasing a Flood damaged Ferrari. The price is very attractive but what problems come from a fresh water flood car? Other than being Wet has anyone ever purchased a flood car? Are the Electric systems gone? Is it worth the low price to get into a car but too high a fixit price even for a home mechanic? a company called AUTOSOURCE sells insurance claims to the public, stolen,flood and crashed. So please resond with the Pros and Cons....
Thanks


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Steve i


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Posts: 1202Registered: Dec 2001
BillBadurski
FCA Technical Chairman


Sunday, October 17, 2004 9:07 AM

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Steve,
Without knowing the model and price, it's hard to say, but generally they repairs will be too costly to make this a good purchase.

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William V. Badurski
FCA Technical Chairman


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Posts: 4From: cape codRegistered: Oct 2004
capecodder
Junior Member


Monday, October 18, 2004 10:02 AM

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Thanks Bill, I have spoken to a Ferrari Mechanic since I posted this thread and Got the same info. He said for the price you may pay for the damaged car the repairs might well exceed the cost of a good car to start. Now you have a rebuild title car for the same if not more than a good title car.
He said Electric and engine troubles will probably be major problems, not to mention replacement of the interior. So I will keep saving and look for a good Ferrari at a fair price.
Thanks again


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Steve i


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Posts: 3Registered: Feb 2007
mustachepete
Junior Member


Tuesday, February 06, 2007 5:28 PM

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Just so you know:
How I got here
a search for:
"Kim Motors" comment "
found someone worried about buying a "salvage" Ferrari

I have bought from Kim Motors.
(Jan 2007) Kim spent part of his weekend loading my purchase onto a transport trailer.
He also went to a local business to certify my purchase via/VISA, so, it was paid in full, and gave me the uncashed check I had mailed him.

He also helped my friend with his purchase of a Corvette, on the same weekend, and the car "exactly as shown on the website".
I was actually glad to see Kim's photographer concentrated on the damaged areas, so, I got more than I expected.

I recommend any purchase from Kim Motor Co. as a purchase from a reputable person.
The papers will be good, and acceptable to any DMV/Police Agency.
Kim had cars, up to 'Rolls Royce' for sale with clear/clean/paperwork.

My reason for posting here:
I've rarely found such an honest source for cars and parts, and wish to give credit where due.


Want to save money and fix-it-up yourself?
"Poor Boy" cho wants to drive a Ferrari?
Wanta have a Ferrari for lots less than those bug-bucks guys?
Willing to,
Buy used/salvage and do your own work:
Kim Motors
IS an honest dealer of Insurance Salvage vehicles.

Even his website's photos show all damage from all angles.

I know.
I've been there!

bought from Kim Motors ,
and WILL do so, again.

( Kim is unaware of this post, and i got nothing for posting without his knowledge/ except satisfaction )


BTW/ water will not ruin your upholstery. any flood damage can be undone via solvents and cleaning of contacts. Any/ALL ECM's failure is due solely to factory lack of foresight, in not providing proper insulation./IMHO


 Message edited by: mustachepete on 02/06/2007 17:42:36


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Posts: 3Registered: Feb 2007
mustachepete
Junior Member


Tuesday, February 06, 2007 6:23 PM

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Since I posted my comment.

I checked Kim's website for other "poorboy" cars
I am sure other websites are as accurate and as legal as "Kim's" and he is unaware I am posting this

This one got there after I posted my initial message here:
(but it fits on this website)
sorry, but I've been watching Kim's Rolls Royces
http://www.kimmotor.com/cars.asp?category=Cars&subcategory=Ferrari&Stock=2039
1989 Ferrari Mondial
Stock#: 2039
Today's Price: US$16,500
VIN : ZFFFC33A1K0082283
Odom : 36,298 miles
Trans: Manual
Color: White / Tan-Black
Damaged. Motor runs.

36 pictures
http://www.kimmotor.com/pics.asp?st=2039&category=Cars&subcategory=Ferrari

Kim is unaware I am posting this.
Have bought salvage vehicles (and fixed 'em up cheaply) until I have almost everything I ever wanted...
Just want help everybody to own a Ferrari that wants to.

btw flood damage is normal to the Gulf coast
Rust can be dissolved w/o taking an engine apart.
search: "evapo-rust"


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Posts: 4Registered: Aug 2011
CrankyFerrari
Junior Member


Wednesday, August 03, 2011 9:28 PM

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It really depends if the vehicle has been started, or attempted to run, after the "flood". Water doesn't compress as air does and your engine will be shot if you try to turn it over without the spark plugs removed. IT should never be powered on until all electrical components are sonically cleaned. They can be cleaned much like an iphone dropped in water can be cleaned. The iphone will generally work IF it wasn't turned on after it became wet.

Taking apart the computer/electronic components will be quite time consuming.

It will also have greater rust/mold problems/risk unless the car is dismantled part by part.

However, if one finds a Ferrari that was never restarted after the flood, and one carefully cleans all electronics and removes potential water from engine, it IS possible to drive the car again. Yes, it will have a flood or salvage title, and it will, IMHO, never be on par with a car that wasn't in water, but it will be drivable for far less than a non FLOOD vehicle.

But, most flood vehicles have had an idiot try to see if it'll start, and then , yes, the engine and electronics will probably be shot for good, and cost to repair will probably more than it's worth.






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