F430 / 360 yearly cost of ownership?

[Webber3]

Can anyone give me a rough idea of how much it would cost per year to run one of these cars, doing average supercar miles (5k)? What I need to know is how much would you expect to pay for maintenance and how much depreciation to expect. These are the two major expenses I can think of, have I missed anything?

Specifically I've been looking at either an £80k 360 Spyder (lower depreciation?) or a newish £120k F430 Spyder (Lower maintenance cost?). I'm looking at owning one for a year initially, but I've very little idea of costs. I'm not financing this purchase, so interest payments are not a factor.

What worries me is that a friend of mine bought a nearly new Gallardo, drove it for 6 months and lost over £20k when he sold it. Is that normal for a £130k Gallardo?

Lookswise there's not much in it for me, IMO they both look good. I know there's a significant performance difference between the 2 models, but as I'm unlikely to be taking the car on a track, this won't affect my choice too much.

[RVIANT]

Depreciation will be the major factor in this. 430 prices have started to drop recently. If you get a 360 the curve has dropped a lot so you should not loose to much. running costs varies but 3k a year should be more than ample. Hope this helps

[Webber3]

RVIANT said:

Depreciation will be the major factor in this. 430 prices have started to drop recently. If you get a 360 the curve has dropped a lot so you should not loose to much. running costs varies but 3k a year should be more than ample. Hope this helps

Would the £3k a year figure apply to both cars? I would have thought the older car would cost more to run, especially if something needed replacing.

If the running costs are only £3k per year, then depreciation is the main thing I need to consider. Does anyone have a ballpark figure for both cars? I'm thinking of buying in the spring, will the credit crunch be having an affect on F430 prices by then?

[traxx]

The 360 figure partly comes down to luck

My old 360 had endless oil pressure problems which drove the annual cost up to towards the £2,500 number, partly because Ferrari said the problem wasn't covered by the Power Warranty
With the right car, not needing tyres or clutch, I imagine you can get the cost <£1,000

But really these "running" costs are going to be insignificant compared to the depreciation and insurance costs



My 430 has also had a few minor problems, but so far the total cost to me has been £0

iiwy I would wait and try and pick up a distressed seller 430, as it's a much better car than the 360

Edited by traxx on Friday 28th December 10:16

[Vesuvius 996]

Prices for ALL high end cars are about to tumble.

Vantages, 360s, 911s. You name it.


People have borrowed against property to buy their dream cars, and now they are selling up. Dealers are taking the opportunity to bumrape them with their offers.

[Webber3]

traxx said:

But really these "running" costs are going to be insignificant compared to the depreciation and insurance costs

The insurance doesn't seem too bad, not much more than I was paying at 17 on a Golf GTI

traxx said:

iiwy I would wait and try and pick up a distressed seller 430, as it's a much better car than the 360

When do you think would be the best time to buy? When do you think the prices are going to tumble?

Vesuvius 996 said:

Prices for ALL high end cars are about to tumble.

Vantages, 360s, 911s. You name it.


People have borrowed against property to buy their dream cars, and now they are selling up. Dealers are taking the opportunity to bumrape them with their offers.

So would you say that buying private is the best way to go?

Edited by Webber3 on Friday 28th December 11:08

[Vesuvius 996]

Webber3 said:

traxx said:

But really these "running" costs are going to be insignificant compared to the depreciation and insurance costs

The insurance doesn't seem too bad, not much more than I was paying at 17 on a Golf GTI

traxx said:

iiwy I would wait and try and pick up a distressed seller 430, as it's a much better car than the 360

When do you think would be the best time to buy? When do you think the prices are going to tumble?

Already started.

Look at the prices of Vantages and 997s

[Jules360]

When i was looking for a car in May/June Vantages and 997s were very cheap a year old... prices don't seem to be a whole lot softer now for similarly aged cars. I do however agree that dealers bids right now are going to be shocking... they are as nervous as the rest of us about the state of the economy and house prices in particular. On the bright side, supercars are like houses.. you need to own one, so don't worry about the depreciation cos the one you aim to trade up to is also getting cheaper !

[Paracetamol]

Vesuvius 996 said:

Webber3 said:

traxx said:

But really these "running" costs are going to be insignificant compared to the depreciation and insurance costs

The insurance doesn't seem too bad, not much more than I was paying at 17 on a Golf GTI

traxx said:

iiwy I would wait and try and pick up a distressed seller 430, as it's a much better car than the 360

When do you think would be the best time to buy? When do you think the prices are going to tumble?

Already started.

Look at the prices of Vantages and 997s

I am looking and they seem strong to me for the right spec 997s (ie S with less than 30k miles and tasteful colour combos with sat nav). Aston Martins will not hold their values becasue they are not considered to be reliable. Lots of poor reliability stories doing the rounds..

Its all about buying smart- yes if like Ves you go to an OPC or a main Ferrari dealer you are guaranteed to get shafted to the tune of £10k the moment you drive away. These guys are telling stories of doom and gloom when buying and then retailing at full retail plus when selling.

I sold my 360 some 2 months ago and had no problems and nor did I lose any money-why? becasue I bought privately from a sensible and motivated seller and sold to a very sensible and motivated buyer- it helped that the car was red, manual and low mileage- if it had been silver, with 40k miles and I had bought from a main dealer (that is what was available for the same price at the main dealers) then yes I would have been looking at a £10k hit for 500 miles of motoring!

[Webber3]

I found this article whilst trawling the web looking for depreciation costs. It was published back in May and has the new F430 Spyder down as holding 97% of its value over a year! The figures all seem a bit high to me...

Top 20 used convertibles – ranked by retained trade value after 12 months (2006 ’06-plate)

• Ferrari F430 Spider - 97%

• Volkswagen Eos 2.0 TDI Sport - 94%

• Porsche Boxster S - 87%

• Mercedes-Benz SLK55 - 87%

• MINI 1.6 Cooper S (Chilli) Convertible - 85%

• Audi RS4 Cabriolet - 85%

• Jaguar XK Convertible - 85%

• Porsche 911 3.8 Carrera S Cabriolet - 84%

• Aston Martin DB9 Volante Convertible - 82%

• Mazda MX-5 1.8i - 78%

• BMW 330Cd Sport Convertible - 78%

• Mercedes-Benz SL350 Convertible - 77%

• Honda S2000 2.0i VTEC - 77%

• Mercedes-Benz CLK200 Kompressor Avantgarde Cabriolet - 76%

• Vauxhall Astra 1.9 CDTi 16v (150ps) Twin Top Sport Coupe - 75%

• Mitsubishi Colt 1.5 CZC Turbo Cabriolet - 75%

• Lotus Elise 1.8 R - 75%

• Peugeot 206 1.6 HDi 110 Allure Coupe-Cabriolet - 75%

• BMW Z4 2.5i Sport - 75%

• Audi Tt Roadster 1.8 T (150 bhp) - 74%


http://motortorque.askaprice.com/news/auto-0705/vw...

[andy355]

depreciation "free" motoring only happens if you get something with a stonking wait list and run it for a short time or at the bottom end of the depreciation curve. Now there are more of the 430s, there is probably a new must have toy around etc i would guess they would be in the 10k per annum depreciation stage (before factoring in what may happen if we have a house price drop of real significance). Ive only owned a 355 but when i bought that there was a rhd manual rosso/cream spider for sale for 58k and someone buying that would have been able to sell it for much the same a year later. Right spec and sensible starting price. There was a similar car at Maranellos at the time for over 70k. So if you buy correctly to start with and sell privately then you wouldnt do too badly. If you buy from and sell to dealers you will take a 10k bid/offer spread hit both times. Also if you bought an earlier, cheaper 360 you may get away with v little depreciation as the further down in price ferraris come, the wider the market for them, so they tend to flatten out in the 50s/60s at the moment (spiders). The spider you buy for 80k will be worth 60k in 2 years time say, but the one you buy for 60k would prob be worth 50k.
But wearing my doom and gloom hat, we have house prices looking fragile, the economy will take a shock as peoples mortgage fixes come off (and bear in mind at the moment lenders cant pass rate cuts on as real rates are still sky high), Ken is trying to impose a 25 pounds a day c-charge for band G cars and cancel the residents discount on this band etc, so there are plenty of reasons to be nervous about car prices.
sorry for the long rant...its 3am and been out for a few beers

[jshell]

Just had a look at Autotrader and there're 174 360's, 149 430's and 73 Gallardos for sale...is that normal or time of the year/expected c/crunch driven? Must be some bargains to be had there.....!

[Webber3]

andy355 said:

depreciation "free" motoring only happens if you get something with a stonking wait list and run it for a short time or at the bottom end of the depreciation curve. Now there are more of the 430s, there is probably a new must have toy around etc i would guess they would be in the 10k per annum depreciation stage (before factoring in what may happen if we have a house price drop of real significance).

I think I'd be ok with a 10 to 15k depreciation over one year for the F430. However, the £80k 360 does look a lot more attractive sitting at a shallower part of the depreciation curve. I'll probably wait until the spring before I buy, we should know what's happening with the economy by then.

[neil-f]

Vesuvius 996 said:

Prices for ALL high end cars are about to tumble.

Vantages, 360s, 911s. You name it.


People have borrowed against property to buy their dream cars, and now they are selling up. Dealers are taking the opportunity to bumrape them with their offers.

Yes some main dealers offers are crazy even when you want to trade in against full retail they want to offer way below (I mean way below)what you will have seen for any 360 Spider. I am well p*ssed off with offers on my 360 Spider against some of the various 360CS for sale so think I will have to give it a miss as the figures they are offering are cr*p the lot of them.

[tony h]

you're better off trying to sell spider privately-the dealer will pull your pants down on your px and his car

[Mosi]

Bought an 05 F430 in Sept 07 for £112,999 from HR Owen

Sold it through a broker 3 months (95 days) later / 3k miles later for £110k

No running costs during this period

Cost = £31.56 per day + petrol & insurance

Not bad I thought

[tony h]

Mosi said:

Bought an 05 F430 in Sept 07 for £112,999 from HR Owen

Sold it through a broker 3 months (95 days) later / 3k miles later for £110k

No running costs during this period

Cost = £31.56 per day + petrol & insurance

Not bad I thought

how much did you pay the broker ?

[Mosi]

tony h said:

how much did you pay the broker ?

Nowt, I sold the car to him for £110k - presumably he put a little spread on it for moving it about, then punted it onto his Customer.

In fairness, I think I got a bit of a result - but the F430 was a good and quite unique spec.

[tony h]

Mosi said:

tony h said:

how much did you pay the broker ?

Nowt, I sold the car to him for £110k - presumably he put a little spread on it for moving it about, then punted it onto his Customer.

In fairness, I think I got a bit of a result - but the F430 was a good and quite unique spec.

fair play and yes, the car was totally loaded

[Paracetamol]

Mosi said:

Bought an 05 F430 in Sept 07 for £112,999 from HR Owen

Sold it through a broker 3 months (95 days) later / 3k miles later for £110k

No running costs during this period

Cost = £31.56 per day + petrol & insurance

Not bad I thought

What spec and why did you sell it so quickly? If it was the one that was PXd at HR Owen against a Carrera GT then it was a friend of mine who used to own it