Bargain Ferrari

I ran across this Ferrari 360 today on a site called This is a heck of a deal on a car that doesn’t appear to have any damage. It’s a red 2003 Ferrari 360 Coupe with just over 10k miles on it. The description indicates it’s a salvage title, but lists damage type as Normal Wear. It has secondary damage listed as Previous Repair. No idea what that means, but if this ran and didn’t have any body work to be done, you’d have a heck of a car for $41,900, which is the current top offer. Even if you had to put $10k or $20k into it, you’d still be way under book value even given the salvage title.