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The 550 marked Ferraris return to producing a front-V12 engined two-seat Berlinetta, a type of car they hadn't manufactured since the demise of the 365 GTB/4 Daytona in 1973. The 550 Maranello features a high tensile welded tubular steel chassis, a frame that featured an extremely rigid central cage and advanced underbody aerodynamics. Wider track at the front than rear improves turn-in while a variable damper control system affords the driver Normal and Sport suspension settings. Speed sensitive power steering varies the level of assistance accordingly. Lightweight components were used throughout the construction of an all-new 5.5-litre 65° V12, cast alloy being used for the cylinder block, four-valve heads and sump while there were also forged alloy Mahle pistons and titanium conrods helping produce an enormous output of 485bhp at 7000rpm, 45bhp up on the outgoing F512 with its five-litre flat-12. All 550 Maranello's used a six-speed manual gearbox and variable back pressure exhausts similar to those previously seen on Ferrari's limited production F50. Weight distribution was split perfectly 50/50 front/rear and greatly contributed to the exceptional handling and balance dynamics.
Performance-wise, 0-60 required just 4.3 seconds while a top speed of 199mph was attainable given suitable road conditions. The body design by Pininfarina featured a number of acknowledgements to the 550's forebears, not least with its 250 GTO-style fender vents carved out from behind each front wheelarch and a Daytona-inspired cut-off tail with two circular light clusters either side. Other prominent features were a hood-mounted engine scoop that boosted air pressure inside the intake system to gain 20bhp, a solitary vent on the left-hand side rear wing forcing cool air into a brake radiator. The 550 was Ferrari's first all-new model since their 1968 Daytona not to feature retractable headlights, fixed homofocal front clusters enhancing the rakish nose with its wide grille opening. The Maranello was replaced in 2002 by Ferrari's 575M, the new car heralding the arrival of Magnetti Marelli's F1 paddle shift transmission for the first time on a V12 GT.
This example offered for sale by DK Engineering was delivered by Glenvarigill in Edinburgh on January the 23rd 1998. The car is presented in Argento Nurburgring with Blue leather and Blue carpets. DK Engineering have continuously looked after the car for the present owner since 2002. The most recent service was a cambelt/major service in November 2008 @ 40,157 Miles. A young family has sadly meant that this car has been used sparingly in recent times having covered just over a 1000 miles in the last eighteen months. Presently the car shows 41,410 Miles on the speedo.