What Are The Lowest Realistic Costs Of Running A Ferrari ?
Discussion
As above I'm interested in the actual costs not what magazines etc say.
How much would running say 328 / 355 / 360 for 5k/yr cost on average ?
My Dad (I'm 40 BTW) owns a 456 and IIRC the cambelt was only £400ish at an indie, brakes pads were £200ish and a couple of niggles £300ish albeit he hardly ever drives it. It's depreciated a little but it's hardly a horrific amount of money.
Made me wonder what running other models costs.
How much would running say 328 / 355 / 360 for 5k/yr cost on average ?
My Dad (I'm 40 BTW) owns a 456 and IIRC the cambelt was only £400ish at an indie, brakes pads were £200ish and a couple of niggles £300ish albeit he hardly ever drives it. It's depreciated a little but it's hardly a horrific amount of money.
Made me wonder what running other models costs.
Just had mine done (360), £400 for the belts, same for a service. Only faults in 10,000 miles have been roof microswitch (£90) and a clutch cylinder (£200), I use it daily which I think helps it. Don't let the horror storys scare you, get it bought, good time now as price are a tad depressed for winter.
Labour at a good independant is no more painful than Audi/BMW/VAG.
A 355 or 360 at around £40k isn't going to lose a penny over the next 5 years.
Labour at a good independant is no more painful than Audi/BMW/VAG.
A 355 or 360 at around £40k isn't going to lose a penny over the next 5 years.
Edited by Xeno on Friday 4th November 14:14
Had my 328 for over 6 years in that time I have done 24k miles and been round Europe on a number of occasions and to Le Mans every year, I have broken down once when the alternator let go but got home with a jump, other than that she has (touch wood) been reliable.
You need to go into it with your eyes wide open, maintenance isn't cheap but its not horrific either. My total costs have been £11k in 6 years all in, ie servicing, tyres, brakes etc. Fuel consumption averages in the low 20's thanks to most of my journeys being long distance and no track days.
I've toyed with the idea of a 355 but the specialist I use reckons on a 355 costing 50% more on average than a 328 to keep, saying that I think they will both go up in value unless another recession hits....
Its been the best decision I have ever made and it was a real punt at the time, I didn't think I could realistically afford it, but 6 years on I am still happy I did. Also the public's reaction is generally positive - I don't think its perceived as being quite as a flash as a 360 onwards model would be, although my Magnum lineage does get queried a lot!
You need to go into it with your eyes wide open, maintenance isn't cheap but its not horrific either. My total costs have been £11k in 6 years all in, ie servicing, tyres, brakes etc. Fuel consumption averages in the low 20's thanks to most of my journeys being long distance and no track days.
I've toyed with the idea of a 355 but the specialist I use reckons on a 355 costing 50% more on average than a 328 to keep, saying that I think they will both go up in value unless another recession hits....
Its been the best decision I have ever made and it was a real punt at the time, I didn't think I could realistically afford it, but 6 years on I am still happy I did. Also the public's reaction is generally positive - I don't think its perceived as being quite as a flash as a 360 onwards model would be, although my Magnum lineage does get queried a lot!
can't help you with regards to the cheapest way, but can give you my costs since June 2009 and c 19.5k miles
Tyres c 2.1k
Service(one annual, one cambelt) and clutch (twice): c 8k
Repairs (manifolds, alternator, o2 sensors, rads, bootkit): c 7k
MOT etc: c 1.3k
Insurance: 3.5k
Petrol: c 10k
some of the figures are approximated as could not allocate all the work hours precisely to each item, as is the petrol figure.
hope this helps
edit: forgot to mention, it is a 97 355 manual
Tyres c 2.1k
Service(one annual, one cambelt) and clutch (twice): c 8k
Repairs (manifolds, alternator, o2 sensors, rads, bootkit): c 7k
MOT etc: c 1.3k
Insurance: 3.5k
Petrol: c 10k
some of the figures are approximated as could not allocate all the work hours precisely to each item, as is the petrol figure.
hope this helps
edit: forgot to mention, it is a 97 355 manual
Edited by MDahmen on Friday 4th November 18:16
christofmccracke said:
I can't see ferrari prices dropping too much as the price jump of new models is so high. Some models are climbing in price.
But isn't the 2nd hand car market a buyers market? A car is worth only what somebody is prepared to pay for it. With the credit crunch, people are looking to get things much cheaper, or they simply aren't buying. Resulting in sellers either not selling or having to let go at much lower than their asking price.I'm guessing as you point out that the newer F cars are such a high premium over the 2nd hand market that many sellers are just holding on to their cars? Or they accept that depreciation is larger then many seem to point out?
Happy to be corrected of course. Its just my general take on the market of late having sold an EVO VI recently.
Thanks guys.
I must admit I was thinking of the pre 355 because I thought they won't be affected by the jealous idiots like the later cars might and sorry but I agree with the market that the 348 is a bit 80's.
A friend has a nice 328 he's had for 20+yrs but he's rebuilt it all himself and uses it so rarely his costs aren't representative. I was a bit shocked with how crude / dated it was inside though.
I must admit I was thinking of the pre 355 because I thought they won't be affected by the jealous idiots like the later cars might and sorry but I agree with the market that the 348 is a bit 80's.
A friend has a nice 328 he's had for 20+yrs but he's rebuilt it all himself and uses it so rarely his costs aren't representative. I was a bit shocked with how crude / dated it was inside though.
Edited by redgriff500 on Friday 4th November 18:36
MDahmen said:
Insurance: 3.5k
Bloody hell, that sounds alot? Mine is parked on the street in a horrible postcode, I'm 23 and I pay less than £1k per year. Give Locktons a call.AJI said:
Its just my general take on the market of late having sold an EVO VI recently.
WIDR, an Evo != FerrariEdited by Xeno on Friday 4th November 19:47
Xeno said:
MDahmen said:
Insurance: 3.5k
Bloody hell, that sounds alot? Mine is parked on the street in a horrible postcode, I'm 23 and I pay less than £1k per year. Give Locktons a call.MDahmen said:
costs since June 2009 and c 19.5k miles
Also, serious question, how did Locktons quote you that at 23!? My V8 Vantage at 23 I got a quote like £6k so I'm paying £1200 with Admiral, 6yrs NCB, No convics, central London.Shmee said:
Xeno said:
MDahmen said:
Insurance: 3.5k
Bloody hell, that sounds alot? Mine is parked on the street in a horrible postcode, I'm 23 and I pay less than £1k per year. Give Locktons a call.MDahmen said:
costs since June 2009 and c 19.5k miles
Shmee said:
Also, serious question, how did Locktons quote you that at 23!? My V8 Vantage at 23 I got a quote like £6k so I'm paying £1200 with Admiral, 6yrs NCB, No convics, central London.
It's a Ferrari Owners Club policy, think the underwriter is Chubb.Ok its not the car you are looking for but might give you a few pointers. This months Buying Guide in EVO magazine is on the Ferrari 430. They give a decent break down of parts costs etc. As for servicing they quote DK Engineering's annual service at £948 (6259miles), 18,000 miles service at £1188 and a clutch change from £2076 which does not sound too bad too me
MDahmen said:
can't help you with regards to the cheapest way, but can give you my costs since June 2009 and c 19.5k miles
Tyres c 2.1k
Service(one annual, one cambelt) and clutch (twice): c 8k
Repairs (manifolds, alternator, o2 sensors, rads, bootkit): c 7k
MOT etc: c 1.3k
Insurance: 3.5k
Petrol: c 10k
some of the figures are approximated as could not allocate all the work hours precisely to each item, as is the petrol figure.
hope this helps
edit: forgot to mention, it is a 97 355 manual
2 clutches in less than 20k miles. Is that normal for a 355?Tyres c 2.1k
Service(one annual, one cambelt) and clutch (twice): c 8k
Repairs (manifolds, alternator, o2 sensors, rads, bootkit): c 7k
MOT etc: c 1.3k
Insurance: 3.5k
Petrol: c 10k
some of the figures are approximated as could not allocate all the work hours precisely to each item, as is the petrol figure.
hope this helps
edit: forgot to mention, it is a 97 355 manual
Edited by MDahmen on Friday 4th November 18:16
The newer the car, less the running costs.
The more you use it, less will fail mechanically wise.
I know you haven't asked but I went through my 430 Spider receipts from new recently. It's a 2006 with 10k miles and has cost on average £1,500 pa for servicing and repairs.
The car has only ever been touched my main dealers and does not include ins, Tax, MOT, petrol etc.
The figure also does not include warranty and goodwill gestures as car is still under a warranty.
The more you use it, less will fail mechanically wise.
I know you haven't asked but I went through my 430 Spider receipts from new recently. It's a 2006 with 10k miles and has cost on average £1,500 pa for servicing and repairs.
The car has only ever been touched my main dealers and does not include ins, Tax, MOT, petrol etc.
The figure also does not include warranty and goodwill gestures as car is still under a warranty.
Problem with new cars is I simply couldn't bring myself to spend that much and I certainly couldn't justify the depreciation.
To make its costs in any way comparable to older cars I think you'd have to give a guessimate for warranty work / depreciation.
The more I think about it, I think I'd prefer an pre 348 as the later ones are more likely to get me into trouble with their speed (I have a heavy right foot)
To make its costs in any way comparable to older cars I think you'd have to give a guessimate for warranty work / depreciation.
The more I think about it, I think I'd prefer an pre 348 as the later ones are more likely to get me into trouble with their speed (I have a heavy right foot)
Mr_C said:
It's threads like this that make me think it'd be cheaper to run a 360 than my Elise (fuel excepted) !
I was thinking the same about my ClioSport. A cambelt change is a good couple 100 more than on a Ferrari 360! I'd also love to know how some of the younger (23) folk are scooting about in Ferraris and Astons. I'm 22 and the only way I could afford to drive one is if I lived completely rent/mortgage free. I'm guessing the monthly payments on the likes of a 50k car are well in excess of 1k a month. Factor in fuel, servicing etc you'd need a 25k+ salary purely to pay for the car, nevermind actually living.
Gassing Station | Supercar General | Top of Page | What's New | My Stuff