My first European car...

Discussion in 'Non-Z Related' started by MikeZ32, Feb 11, 2019.

  1. MikeZ32

    MikeZ32 das Über member

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    and dream car! Due to the image count I will spread this over 2 posts.

    Firstly, thanks to AndyMac for providing advice on investing in supercars. Watching you build your ridiculous collection gave me the courage to also follow my passion these past few years.

    Some of you have already seen the photos but at least here on forums we can talk more technical stuff.

    1994-06 built Ferrari F355 in "Resale Red" aka Rosso Corsa , cream interior, non airbag 350mm wheel, proper gated manual, genuine Challenge rear grill.

    This has been my dream car since I was a kid. Before the JDM scene, like any other child, I wanted a Ferrari and specifically this one because of the noise it makes.

    Fast forward to 2016 and I started to look more seriously into getting one. Didn't quite have the funds back then but needed to have a game plan if I was ever going to make it happen. Thankfully the career supported the hobby, made smart investments along the way and followed a strict savings plan to get me close.

    They were at half today's prices back then and I was too fussy and didn't want the F1 version. In hindsight I do regret not buying a black F1 Spider that was going at bargain basement prices. Had I done so I could have flipped it last year which would have paid for this one.

    Here she is back home in the garage with my other humble dream car:

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  2. MikeZ32

    MikeZ32 das Über member

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    Part 2

    I had Kristian from Iron Chef Imports keep a lookout for me these last few years. With the price of RHD versions going nutty locally, I was nearly going to give up and look for a LHD version to import when the market opens up despite Andy advising against this as the resale value is poor in Aus.

    Kristian came across this unregistered right hooker going in an online auction in Sydney and passed me the link 2 days before it ended. Here are some photos from that listing:

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  3. MikeZ32

    MikeZ32 das Über member

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    Part 3

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    The bastards at the auction company weren't very helpful. I could have sent someone to look at it for me but they refused to let anyone drive it and I could only go off the info they provided along with the photos. Thankfully the car did have history books from new and they said engine runs without strange noises but they weren't mechanics and I'd have to buy it as is, no cooling off on just their word.

    I did some more research behind the scenes based on what I was given and made calls to the import company that brought it in. Have dealt with them in the past thankfully and they gave me a no bullshit review on the car stating definitely not been in a massive accident.

    I also managed to convince them to give me the original Australian owner's email and proceeded to send him questions hoping he would respond in time. He was kind enough to call me direct 1 day before the auction ended and informed the car was sold to a friend of his and didn't even know the friend was moving it on. Assured me the history of the car is all documented in the folders as the photos show.

    So armed with all this info, thought bugger it, if I was ever going to own one, this one might be the chance since it's within budget and spec'd exactly like I wanted. Was sitting in traffic on a Wednesday night coming back from work, watching my phone, put in my maximum bid and I ended up winning the auction. Didn't really know what to think because I had no idea if it even ran properly or not so was a couple of weeks of nail biting suspense until it finally arrived last Saturday and it was unloaded it off the trailer.

    She has a slight miss at idle, I can only assume due to old shitty fuel or been started and moved so many times without being driven. Drove it around the block and gave it a few revs and she revs cleanly under load.



    Only just finished looking through the thick folder that came with it and thankfully, timing belt was done NOV 2017!!! Fantastic, I get another 3 years of driving before that engine needs to come out again.

    Since it's a 1994 car, once I'm done cleaning it up a bit, I'll get it ready for RWC and will be putting this car on club in June when it qualifies. Can't believe it still, felt excited like it was buying my first car when I sat in it. You can probably see in the video, I was having a crisis.
     
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  4. MagicMike

    MagicMike Mod and Event Coord [QLD] Staff Member

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    A$$hole Mike! Totally jealous
     
  5. lidz

    lidz Well-Known Member

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    Awesome story Mike, super happy for you mate (& jealous as I've said...) Talk about living the dream mate.
    Still got the rest of the fleet or has there been a shuffle? Be up to 8+ by now yeah?

    I think I need one of these plans in place stat!
     
  6. MikeZ32

    MikeZ32 das Über member

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    Love you Mike, thanks Tim.

    Still got the whole fleet. This would be #9 and the only non Japanese car. There's a lot of shuffling but have sorted out the storage issue.

    I do property sales so that's helped tremendously in finding the right investments along the way to pay for the car hobby. I don't particularly love property, happily sell something to buy another car.

    Buying property is similar in some ways to buying cars. One thing I learnt is that I needed to take calculated risks outside of my comfort zone. None of them were the sure shot buys and most normal people wouldn't consider them acceptable risk but if you get it right, rewards are there.
     
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  7. lidz

    lidz Well-Known Member

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    Must say Mike probably most looking forward to the "Shoestring Build Thread V.2" haha!

    It looks fairly good in the photos mate, other than a good clean is there much that needs doing to it or just fill it up & enjoy?
     
  8. stumagoo

    stumagoo Active Member

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    awesome car.... a garage to turely be envious of lol...... and finaly a car here that "Should" have those tail lights...... :D
     
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  9. MikeZ32

    MikeZ32 das Über member

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    Gave the car a good once over yesterday and looks like it just needs some fluids changed and clean up some wiring. The UK is terrible with their insurance companies wanting all sorts of alarms installed which is what ruined Jeremy Clarkson's Ford GT ownership experience.

    This car has a tracker in it which obviously doesn't work in Aus and 2 alarm systems... factory one and the dreaded aftermarekt one which is definitely not needed so I'll try and get that one removed.

    Weirdly it has adjustable coilovers in it. The shocks all have adjustable spring perches. I have no idea whether that's factory, F355 Challenge part or custom. There is an invoice for 1600 UK pounds for suspension in the invoices but doesn't go into any detail. Doesn't leak at least so I might give it an adjustment to get the ride height perfect.
     
  10. lidz

    lidz Well-Known Member

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    hmmm well quick look on yahoo auctions & these coilovers pop up, standard shocks per description with the ferrari logo on them, just with after market springs.

    https://page.auctions.yahoo.co.jp/jp/auction/l499716656

    Had missed it was a UK import, all in all though sounds in good condition for 25 years old!
     
  11. Chrispy

    Chrispy Pretentious Upstart

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    Looks pretty good for a 90's Ferrari! They're normally rough as guts inside with bits falling off. Doesn't even look like it's got sticky plastic disease. I really regret not buying one 5 years ago :( Out of reach for me now :(
     

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