Total cost of ownership - Granturismo Sport

Total cost of ownership - Granturismo Sport

Author
Discussion

sticks090460

Original Poster:

807 posts

123 months

Monday 12th April
quotequote all
I've just agreed a deal on a new (to me) car, so thought might interesting/ terrifying to add up the cost of owning my Granturismo Sport since 2015. I bought the car from JCT600 in Leeds in April 2015, the car being a 13 plate with 3,000 miles on the clock. The odometer is now reading just short of 35,000. Costs are:
Depreciation (what I paid vs trade-in value against new vehicle) = £44,500
Servicing (2 major, 2 minor, one of each at official dealership, one each at an Indy), repairs, tyres = £16,042
Fuel (approx) = £9,000
Insurance approx (5 years London, 1 where I live now, not London) = £4,000
RFL = £2,500 or so.

Total = £76,042, i.e. £12,674 per year or about £2.38 per mile. Outside the normal servicing, the car had a new headlamp ECU, new front wheel bearing when the ABS sensor went u/s, new front springs after one broke, new battery, two new front and six new rear tyres, rear discs and pads replaced, new valve cover gasket, new drop links front and rear, subframe Waxoyled, two parking sensors, headlamp washer cover replaced.
I've enjoyed pretty much every mile I've driven it, but it did come as a bit of a surprise when I totted everything up.



Ferruccio

1,507 posts

84 months

Monday 12th April
quotequote all
sticks090460 said:
it did come as a bit of a surprise when I totted everything up.
That’s why people generally don’t!

spikyone

602 posts

65 months

Tuesday 13th April
quotequote all
sticks090460 said:
. Outside the normal servicing, the car had a new headlamp ECU, new front wheel bearing when the ABS sensor went u/s, new front springs after one broke, new battery, two new front and six new rear tyres, rear discs and pads replaced, new valve cover gasket, new drop links front and rear, subframe Waxoyled, two parking sensors, headlamp washer cover replaced.
I've enjoyed pretty much every mile I've driven it, but it did come as a bit of a surprise when I totted everything up.
Thanks for the breakdown, it's an interesting read. There seems to be a lot of things in that list that I wouldn't expect to see needing attention on a car of that age. Were you just unlucky, or is that sort of random bunch typical for a GT? Consensus seems to be that they're more reliable these days though I realise that may be coming from a low baseline!

132

436 posts

228 months

Wednesday 14th April
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This is outside the scope of Man Maths.

12TS

1,328 posts

175 months

Wednesday 14th April
quotequote all
Thanks, it’s very interesting. Depreciation is a bit eye watering.

Were you in the market for a car like your old one would you buy it? On the face of it, it looks like it could be a good buy.

paddy1970

107 posts

74 months

Wednesday 14th April
quotequote all
I bought my 2008 4.2 Granturismo in 2014 for £33k, part exchange it for £24k in 2017 with an additional 35k miles. So not too bad in terms of depreciation (£9K over 3 years: £3K per year).

But it needed 3 rear sets of tyres and 1 front set (£2k including 2 sensors that packed up), a full set of brake pads and discs (£4k), a new air-con pump (£3k including towing and some reverse and front parking sensors that packed up), services (1 main and 1 minor £2K).

Total costs: £20K (£6.7k per year - £550 per month).

If you include insurance and tax (£1000 per year - £3K over 3 years); fuel (£9K - 23mpg - £1.3/l).

Grand total (£32k - £900 per month - £0.91 per mile).

sticks090460

Original Poster:

807 posts

123 months

Wednesday 14th April
quotequote all
12TS said:
Thanks, it’s very interesting. Depreciation is a bit eye watering.

Were you in the market for a car like your old one would you buy it? On the face of it, it looks like it could be a good buy.

I think it’s a decent example, but I think you’d still be needing to have a decent slush fund to cover future expense. At some point the front brakes will need doing, and they’re very expensive. Similarly other elements of the suspension. It’s a lovely thing, and I’ll probably be kicking myself in about 5 years when I see how much they’re going for, but I’m a bit “seen that, done it, got the t-shirt” at the moment.

sticks090460

Original Poster:

807 posts

123 months

Wednesday 14th April
quotequote all
spikyone said:
sticks090460 said:
. Outside the normal servicing, the car had a new headlamp ECU, new front wheel bearing when the ABS sensor went u/s, new front springs after one broke, new battery, two new front and six new rear tyres, rear discs and pads replaced, new valve cover gasket, new drop links front and rear, subframe Waxoyled, two parking sensors, headlamp washer cover replaced.
I've enjoyed pretty much every mile I've driven it, but it did come as a bit of a surprise when I totted everything up.
Thanks for the breakdown, it's an interesting read. There seems to be a lot of things in that list that I wouldn't expect to see needing attention on a car of that age. Were you just unlucky, or is that sort of random bunch typical for a GT? Consensus seems to be that they're more reliable these days though I realise that may be coming from a low baseline!

The only thing I’d class as unusual, being on a couple of forums, was the rear brakes, and that was essentially my fault. I put off getting new rear tyres because they were well within legal limits and all seemed fine. What I hadn’t appreciated was that the fine feeling was due to the traction control keeping everything in check by applying the rear brakes constantly....

Mattjevans

197 posts

57 months

Wednesday 14th April
quotequote all
My experience over 15k miles in a 2009 4.7 MC-S was also about £2.50 per mile.

I also found the rear tyres seemed to go from acceptable to almost slicks quite quickly. Passed an MOT and three months later when I switched to winters I was told I’d have got points if I’d been pulled over with them.

sticks090460

Original Poster:

807 posts

123 months

Thursday 15th April
quotequote all
Mattjevans said:
My experience over 15k miles in a 2009 4.7 MC-S was also about £2.50 per mile.

I also found the rear tyres seemed to go from acceptable to almost slicks quite quickly. Passed an MOT and three months later when I switched to winters I was told I’d have got points if I’d been pulled over with them.
Yep, same here. Not sure if that’s the car, or to do with P-Zero construction.

EC2

1,097 posts

218 months

Friday 16th April
quotequote all
I never include fuel, tyres, car tax and insurance as there will be something sat in the garage and they are all about the same in this regard.

I only look at depreciation and servicing/maintenance. So far ten years into my Granturismo I am looking at about £6250 pa on depreciation and £1950 pa on servicing/maintenance which is not too bad given how stupid Maserati parts costs are, certainly in relation to what these cars are now worth.

spikyone

602 posts

65 months

Tuesday
quotequote all
sticks090460 said:
I've just agreed a deal on a new (to me) car, so thought might interesting/ terrifying to add up the cost of owning my Granturismo Sport since 2015. I bought the car from JCT600 in Leeds in April 2015, the car being a 13 plate with 3,000 miles on the clock. The odometer is now reading just short of 35,000. Costs are:
Depreciation (what I paid vs trade-in value against new vehicle) = £44,500
Servicing (2 major, 2 minor, one of each at official dealership, one each at an Indy), repairs, tyres = £16,042
Fuel (approx) = £9,000
Insurance approx (5 years London, 1 where I live now, not London) = £4,000
RFL = £2,500 or so.

Total = £76,042, i.e. £12,674 per year or about £2.38 per mile. Outside the normal servicing, the car had a new headlamp ECU, new front wheel bearing when the ABS sensor went u/s, new front springs after one broke, new battery, two new front and six new rear tyres, rear discs and pads replaced, new valve cover gasket, new drop links front and rear, subframe Waxoyled, two parking sensors, headlamp washer cover replaced.
I've enjoyed pretty much every mile I've driven it, but it did come as a bit of a surprise when I totted everything up.
If only you'd sold this privately - I've just put down a deposit on it (pretty sure it's yours, from the history!) and it cost me a fair chunk over your trade in value! Hope you're enjoying your new car as much as I'm looking forward to your old one!

p4cks

5,414 posts

164 months

Tuesday
quotequote all
fk me!

sticks090460

Original Poster:

807 posts

123 months

Wednesday
quotequote all
spikyone said:
sticks090460 said:
I've just agreed a deal on a new (to me) car, so thought might interesting/ terrifying to add up the cost of owning my Granturismo Sport since 2015. I bought the car from JCT600 in Leeds in April 2015, the car being a 13 plate with 3,000 miles on the clock. The odometer is now reading just short of 35,000. Costs are:
Depreciation (what I paid vs trade-in value against new vehicle) = £44,500
Servicing (2 major, 2 minor, one of each at official dealership, one each at an Indy), repairs, tyres = £16,042
Fuel (approx) = £9,000
Insurance approx (5 years London, 1 where I live now, not London) = £4,000
RFL = £2,500 or so.

Total = £76,042, i.e. £12,674 per year or about £2.38 per mile. Outside the normal servicing, the car had a new headlamp ECU, new front wheel bearing when the ABS sensor went u/s, new front springs after one broke, new battery, two new front and six new rear tyres, rear discs and pads replaced, new valve cover gasket, new drop links front and rear, subframe Waxoyled, two parking sensors, headlamp washer cover replaced.
I've enjoyed pretty much every mile I've driven it, but it did come as a bit of a surprise when I totted everything up.
If only you'd sold this privately - I've just put down a deposit on it (pretty sure it's yours, from the history!) and it cost me a fair chunk over your trade in value! Hope you're enjoying your new car as much as I'm looking forward to your old one!
I believe it’s on sale at Bracknell. Looks like they’ve done a nice job tidying up the wheels and giving it a good clean. I left the branded CTek in the boot - hopefully it’s part of your purchase, because it absolutely needs to be kept on trickle charge unless you use it daily, or the car will throw an error message. Other than that, it’s a great car - hope you enjoy it.

spikyone

602 posts

65 months

Wednesday
quotequote all
sticks090460 said:
spikyone said:
If only you'd sold this privately - I've just put down a deposit on it (pretty sure it's yours, from the history!) and it cost me a fair chunk over your trade in value! Hope you're enjoying your new car as much as I'm looking forward to your old one!
I believe it’s on sale at Bracknell. Looks like they’ve done a nice job tidying up the wheels and giving it a good clean. I left the branded CTek in the boot - hopefully it’s part of your purchase, because it absolutely needs to be kept on trickle charge unless you use it daily, or the car will throw an error message. Other than that, it’s a great car - hope you enjoy it.
beer

Yes, that'll be it then. It was my ideal spec, just a gorgeous colour combination and there aren't too many with Astro wheels, which I prefer to the usual Neptunes. I have a trickle charger already if they decide to take the CTek out before I collect it. It'll certainly get a good amount of use and I'm already looking forward to the drive home, hopefully with the windows down to appreciate that exhaust note! driving