Why are Ferrari 456s so cheap?
Discussion
Good to see all the usual rubbish about these cars being recycled! Very eco.
The main cost of running a 456 has been, historically, depreciation. It's the perfect storm of V12 and 4 seats, either of which on it's own is enough to soften resale values. You have to consider that the earliest cars are nigh on 20 years old now, so the ones at 20K are probably ropey as an old crack w
e, especially because many were bought cheaply and not maintained.
I had mine for 10 years which is I think long enough to smooth out any exceptional costs; on that basis it cost me £4250 per annum as a blended average, including insurance. A bit more than running a V8 I guess (have never had a Ferrari V8 that long so I don't know), but not hugely more. True, my nightmare scenario was the engine detonating, through the bonnet, but it's a pretty lazy engine tuned mainly for torque and I haven't heard of any that have blown up. I don't know how many people on here know off the top of their heads how much a new crated engine is for their car, but I daresay if the worst happened you'd be looking in the breakers yard, not the dealer.
It's a lovely car and very, very classy.
The main cost of running a 456 has been, historically, depreciation. It's the perfect storm of V12 and 4 seats, either of which on it's own is enough to soften resale values. You have to consider that the earliest cars are nigh on 20 years old now, so the ones at 20K are probably ropey as an old crack w
e, especially because many were bought cheaply and not maintained. I had mine for 10 years which is I think long enough to smooth out any exceptional costs; on that basis it cost me £4250 per annum as a blended average, including insurance. A bit more than running a V8 I guess (have never had a Ferrari V8 that long so I don't know), but not hugely more. True, my nightmare scenario was the engine detonating, through the bonnet, but it's a pretty lazy engine tuned mainly for torque and I haven't heard of any that have blown up. I don't know how many people on here know off the top of their heads how much a new crated engine is for their car, but I daresay if the worst happened you'd be looking in the breakers yard, not the dealer.
It's a lovely car and very, very classy.
chuno said:
I must be the only Ferrari nut who doesn't actually like the 456...
The proposrtions look all wrong to me.
IMHO: Compared to modern cars the wheels look too small and the windows too big. But that is only when compared to expectations from looking at modern cars all the time. In isolation it's a very pretty car.The proposrtions look all wrong to me.
Edited by Vladimir Pukin on Tuesday 26th July 12:39
I'd love one but, in comparison with similar cars of the same ilk - 996 turbo or 355 - the running costs are significantly greater. Take a look at Verdis menu prices.
True the depreciation has now gone and glorious these things are but you would need to budget for the runnign costs carefully.
True the depreciation has now gone and glorious these things are but you would need to budget for the runnign costs carefully.
456mgt said:
. True, my nightmare scenario was the engine detonating, through the bonnet..
Like this you mean?http://www.youtube.com/watch?v=4NLqUTwD8uA
456mgt said:
. True, my nightmare scenario was the engine detonating, through the bonnet..
Like this you mean?http://www.youtube.com/watch?v=4NLqUTwD8uA
456mgt said:
Good to see all the usual rubbish about these cars being recycled! Very eco.
Which bits aren't true? On yours, maintenance was, what, £3500 every year? That's quite a lot whichever way you cut it. How many miles did you manage for your £40k in bills, 50k? How close to a quid a mile are we in just maintenance alone?Whichever way you cut it, it's not a cheap car to run. That's one of the reasons it's cheap to buy. Depreciation won't be much of an issue at £30k compared to the cost of running it (though historically that's no doubt been the biggest cost)
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