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Thursday, November 6, 2014

Totaled $2 million Ferrari Enzo hits salvage auction as the ultimate mechanic's special


Five months ago, a Connecticut mechanic had one of the more expensive oopsies in recent history, accidentally fishtailing on a freeway while driving a 2003 Ferrari Enzo — the 1-of-400, 660-hp supercar, which spun across the freeway and scraped to a halt by the median.
 No one was injured, aside from the collection of Michael Fux, the memory-foam mattress inventor and ardent Ferrari fan, who was forced to total out the Enzo he'd owned for 10 years.
Now that same Enzo with just 2,215 miles has fallen into the purgatory where all salvaged vehicles go — up for sale to whomever wants to undertake one hell of a repair.
As the photos and videos from salvage seller Copart's Crashed Toys division demonstrates, the Enzo will need major reconstruction to drive again. The engine wasn't damaged, and there's no visible harm to the F1-style transmission, but the force of the impact ripped up the rear suspension and the carbon-fiber undercarriage pieces something fierce.
 Even minor bits of road rash on the front panels — along with the misalignment around the car from the impact — will likely require the removal of every exterior part. There's also front suspension damage. And a broken wheel. And whatever else might be lurking underneath.
All in, Copart estimates the Enzo needs $870,000 in repairs, and here's where the math gets interesting. A pristine 2003 Enzo with 8,000 miles sold for $1.93 million in August at RM Auctions in Monterey.
 The bidding for the Enzo stands at $283,000, but that will inevitably rise during a live Internet auction set for Nov. 18. Whomever ends up buying this broken Enzo will need a strict budget or a passion for Ferraris; either way, its rarity ensures that at some point this Enzo will take the road again — hopefully with a better driver.