Owning a Ferrari?
Discussion
I really like the look of the 612 Scaglietti [I'll re-phrase that: I think in the blue, it is one of the prettiest cars I've ever seen!], and so was wondering about the practicality of owning a Ferrari; I have a few questions (so I hope I'm in the right place!)...
(a) Servicing: is this often and costly? Is it true cambelts need to be changed on shortish intervals and is it normal for engine rebuilds every X'000 miles? What sort of money should I be setting aside (I'd do about 7000 miles per annum in the car) say annually?
(b) Reliability: assuming the car's regularly serviced will it be reliable, or should I expect it to be temperamental?
(c) Financing: on a pre-owned Ferrari, do dealerships take non-Ferraris as part-ex (not wholly important), but more importantly, will they sell it with some agreed future buyback (i.e. pay off a sum in 3 yrs or give the car back, my choice)?
(d) Used Warranty: could I get (or pay for - and how much) a 3yr warranty with a used Ferrari?
As you can probably see from my questions, I have in mind the idea of getting a Ferrari, seeing how I like it for 2 or 3 years, with the safetey net of a warranty and "walk-away" if all doesn't go to plan...
Of course, I may be being too greedy, but hey - I'm here finding out!!
Many thanks in advance.
(a) Servicing: is this often and costly? Is it true cambelts need to be changed on shortish intervals and is it normal for engine rebuilds every X'000 miles? What sort of money should I be setting aside (I'd do about 7000 miles per annum in the car) say annually?
(b) Reliability: assuming the car's regularly serviced will it be reliable, or should I expect it to be temperamental?
(c) Financing: on a pre-owned Ferrari, do dealerships take non-Ferraris as part-ex (not wholly important), but more importantly, will they sell it with some agreed future buyback (i.e. pay off a sum in 3 yrs or give the car back, my choice)?
(d) Used Warranty: could I get (or pay for - and how much) a 3yr warranty with a used Ferrari?
As you can probably see from my questions, I have in mind the idea of getting a Ferrari, seeing how I like it for 2 or 3 years, with the safetey net of a warranty and "walk-away" if all doesn't go to plan...
Of course, I may be being too greedy, but hey - I'm here finding out!!
Many thanks in advance.
c4koh said:
(a) Servicing: is this often and costly? Is it true cambelts need to be changed on shortish intervals and is it normal for engine rebuilds every X'000 miles? What sort of money should I be setting aside (I'd do about 7000 miles per annum in the car) say annually?
Engine rebuilds aren't needed. This isn't a Tuscan...
6k/annual miles normally
cambelt at 18k
www.verdiferrari.biz/servicing.htm
c4koh said:
(b) Reliability: assuming the car's regularly serviced will it be reliable, or should I expect it to be temperamental?
Reliability is high... not Porsche high but tonnes better than other marques.
c4koh said:
(c) Financing: on a pre-owned Ferrari, do dealerships take non-Ferraris as part-ex (not wholly important), but more importantly, will they sell it with some agreed future buyback (i.e. pay off a sum in 3 yrs or give the car back, my choice)?
Most take non-Fez as part-ex... but be prepared for a shock for the price they give you.
Financing - dunno
c4koh said:
(d) Used Warranty: could I get (or pay for - and how much) a 3yr warranty with a used Ferrari?
Yes, but 456s are one particular model that is hard to get a warranty for. Don't know details though.
612 will hold its value for at least a year. Most V12 Ferraris do depreciate quite heavily so bargains are out there... eg sub £100k 575s.
1 - depreciation. A v12 ferrari could cost you 100k easily over a couple of years. The 612 is new so may hold flat for a year or so, im referring more to the 456 and 575s which seem to drop horrifically (as do all mega expensive cars)
2 - servicing costs. If you have a dealer warranty you will need to have it serviced by an authorised dealer so factor that in - rather more expensive (and not as good from my experience) than Verdis
3) warranty. Ferrari dealers can selll you a used car warranty on a car you buy from anywhere providing it passes their inspection (which you pay for), is Uk Rhd car, and has been only serviced in the past and will be serviced by auth dealers.
4) reliability. Hopefully the warranty will cover most of it but it doesnt cover everything by any means.
hope this helps
2 - servicing costs. If you have a dealer warranty you will need to have it serviced by an authorised dealer so factor that in - rather more expensive (and not as good from my experience) than Verdis
3) warranty. Ferrari dealers can selll you a used car warranty on a car you buy from anywhere providing it passes their inspection (which you pay for), is Uk Rhd car, and has been only serviced in the past and will be serviced by auth dealers.
4) reliability. Hopefully the warranty will cover most of it but it doesnt cover everything by any means.
hope this helps
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