It’s crucial to remember as a Ferrari owner that the expense of the automobile doesn’t finish at the car showroom. You start to accrue expenses as soon as you drive the automobile out of the dealer’s lot.
Therefore, you might want to consider all the expenditures related to maintaining the automobile before making that important decision to purchase a Ferrari.
Do Ferraris cost a lot to maintain? The cost of maintaining a Ferrari is high. Normally, a service check would cost between $1,200 and $2,000. On an older Ferrari, an oil change usually costs around $1,000, and a thorough service check can cost anywhere from $3,000 to $7,000.
The good news is that, since the majority of Ferrari owners do not exceed 5000 miles per year, they only need to maintain their vehicles once a year, or even twice for select owners.
Naturally, some models may cost a little more to maintain, but you might be surprised to learn that some Ferraris are less expensive to keep than you initially anticipated.
In This Article...
Carrera GT Porsche
The V10 Porsche Carrera GT may not require an oil change every 15,000 miles, but the cost will be high when it does. Regular oil changes cost $3,000 each. Because the car must be lifted using specialized ramps and secured with specialized bolts to prevent tipping over during the service, the cost is extremely expensive. Two specialist oil filters are also need for an oil change.
You’ll spend a fortune on additional maintenance. A complete brake job will cost you $30,000, and a ceramic clutch replacement would cost you roughly $25,000.
Dealers must spend money on specialized tools in order to service the vehicle, which is one factor in the high cost of maintenance. For the Porsche Carrera GT, for instance, dealers must have a $8,000 jig and a $10,000 table.
How frequently should a Ferrari be serviced?
Up to 10,000 miles can pass before a Ferrari needs an oil change. It doesn’t mean they should, even though they can go that long without needing an oil change. It is safer to have an oil change performed every 3,000 to 5,000 miles due to its high performance characteristics.
Ferrari suggests that owners bring their vehicles in for suggested maintenance every 12,500 miles, however various variables can affect this recommendation. You can require service more frequently if your Ferrari is used extensively for racing or driving track days.
A standard oil change service will run you about $1,300, while a recommended 12,500-mile service may cost as much as $7,000 or more.
The cost of maintenance and how frequently you must have your Ferrari serviced can greatly depend on the model you buy.
Enzo Ferrari a
Despite typical wear and tear, the majority of Ferraris maintain their value over time. This is especially true if they are properly kept and cared for, as the value may rise over time. However, you will have to present all necessary documentation demonstrating that you have kept your Ferrari Enzo in good working order.
Ferraris typically cost around $1,600 with parts and labor for oil changes, which can last up to 10,000 miles. The cost might increase to $9,000 with additional services like fluid changes, engine inspections, and maintenance. Ferraris should use Pennzoil PurePlus Technology, which is commonly used on F1 racetracks.
Enzo maintenance is more expensive than most other supercars because Enzos require a scissor lift, which costs repair shops about $10,000. It goes without saying that this initial sinking cost will increase the cost of repairs for owners. Because the Enzo engine needs to warm up at 4000 rpm and then idle for a while, labor costs are also higher than usual. Contrary to most cars, where the old oil may simply be drained, replaced, and new filters added.
Ownership Costs for a Ferrari Enzo
For practically all auto enthusiasts, owning the Enzo, Ferrari’s newest supercar, would be the ultimate fantasy. Who could blame them, though? The Enzo offers an exciting driving experience that lives up to its heritage. It was built with cooperation from Michael Schumacher himself and was designed to resemble a Formula 1 car.
The Enzo’s distinctive design is achieved by layering additional lightweight carbon and aluminum pieces on top of a carbon fiber chassis. Inside the cabin, where the driver can control the Enzo’s 650 HP V12 connected to a 6-speed F1 gearbox all the way up to 218 MPH, there is also an excessive amount of carbon fiber.
The Enzo’s standard stability and traction control, electronic brake-force distribution, ABS, and the ability to raise the front end to manage speed bumps and driveways make the vehicle user-friendly for a variety of driving situations. All of this resulted in the Enzo having a sticker price of $650,000, but you required more money to get one.
Before we even discussed ownership costs, Ferrari had to determine your deservingness if you wanted a new car. Both an F40 and an F50 had to have been owned previously, and depending on the dealership, a long history with the brand greatly improved your chances.
A well-kept, low-mileage Enzo can now sell for over a million dollars, even though they are no longer under warranty. With components and labor, an oil change for the vehicle will cost roughly $1,400, but adding in the Ferrari-recommended “services” and fluid checks may bring the total to close to $9,000.
A new clutch assembly costs $6,000 with labor, which is not bad when compared to the $40,000 cost of a complete brake overhaul. Although the cost of insurance depends on a variety of circumstances, you should budget upwards of $6,000 per year, and that’s just if the majority of your other assets are covered by the same insurer.
The Enzo is unquestionably not a cheap car to maintain if you intend to drive it, even though its cost of ownership is not comparable to that of the Bugatti Veyron. But who would actually anticipate that Ferrari’s most costly road vehicle would be in any way affordable?
If you can’t afford the $9000 oil changes for your expensive car, you can always drive it for free.
How much would routine maintenance cost?
To maintain the car running as smoothly as possible for as long as feasible, routine maintenance will be necessary to undertake, just like with any everyday driver. However, maintaining a Ferrari goes beyond routine tire rotations and oil changes.
For instance, the F355 needs what they refer to as a “engine-out service,” which is essentially a motor overhaul. Depending on how often you drive the car and how many miles you’ve put on it, you should do this every three to five years.
If, however, there is no additional work required on the motor, the servicing runs an average of $7,000. If so, then you can anticipate paying between $25,000 and $30,000.
For instance, if you’ve had the Ferrari for six years and have had it serviced twice, you’ve likely spent close to $60,000 just on upkeep. In comparison to most modern new cars, that is more. Its cost is also comparable to that of several other sport-luxury cars, such BMWs.
Because parts are so expensive, Ferraris are so much more expensive. One bolt, for instance, may cost over $45, while a bolt for a typical daily driver might cost as little as $5.
Changing out components including valve guides, manifolds, and sensors is typically required during an engine overhaul. The cost of parts can range between $16,000 and $18,000, as indicated in the Autoblog article. Of course, the labor will cost you extra.
Services and Repairs
What about the $5,000 oil change? The $10,000 annual service, please? removing the engine for each and every small task? Fires? failing to start? Check engine light occurrences? Objects falling apart?
In actuality, this was the most dependable vehicle I’ve ever owned. The only unforeseen problem I had was a screw in the tire; it didn’t break down, catch on fire, or leave me stranded. I only went to the dealer three times during the year I had the car, and one of those trips was for a new tire. Or to put it another way, it wasn’t that horrible.
But that doesn’t imply it was inexpensive: I paid $4,629.81 on upkeep and repairs during the past 12 months.
Here’s how it works: in January, after returning from Florida in the automobile, I spent $2,333.75 on new tires and an oil change at 17,941 miles. The vehicle then traveled 3,238 miles over seven months without a problem. When the next oil change was due, the dealer suggested replacing the front brake rotors and pads for a total of $1,754.45. 36 days and 707 miles later, in early November, I made one final dealer visit, spending $541.61 to repair the tire and replace the battery.
Okay, but what about all those pricey services I’ve always heard of, you might be asking. Perhaps you simply didn’t do them?
The cost of replacing the clutch on my 2001 Porsche 911 Turbo was little over $5,000. My 2007 Mercedes E63 AMG station wagon’s front brakes cost more to replace than the front brakes on my Ferrari. There isn’t a yearly belt service; there is just a four-year service. And it doesn’t cost $10,000; rather, it costs more like $4, $5.
What about the $5,000 oil change? In the past year, I’ve had two different oil changes from two different dealers, and I’ve never paid more than $400. Yes, that’s still a lot of money, but when you realize that this car originally cost more than $150,000, it’s not absurd.
Overall, the Ferrari 360 has taught me the following lesson: It just isn’t as expensive to maintain and repair as everyone thinks. The cost of tires is $2,000, while the cost of brakes is $3,000. Yes, you will pay $5,000 for once-per-Olympics significant services and $400 for oil changes. So you’ll be let down if you purchase a 360 and anticipate Camry maintenance prices.
However, if you approach the 360 with the mindset of a high-end luxury automobile, you’ll discover that its operating costs aren’t significantly higher than those of other high-end vehicles, including top-tier Mercedes, Audi, BMW, and other models as well as exotic brands like Lamborghini and Aston-Martin.
How much does a Ferrari oil change cost?
Costs and Frequency of Services Fortunately, despite the fact that Ferraris are uncommon and expensive automobiles, routine auto maintenance doesn’t have to be expensive. All late-model Ferraris typically cost roughly $195 for an oil change.
How much does a McLaren oil change cost?
Regular oil changes cost roughly $8,000, and McLaren estimates that annual operating expenses are close to $30,000. One Jiffy Luber can’t do it; a Hugo Boss-clad pit crew is more appropriate. [Inside joke] Ron Dennis mandates that all McLaren employees wear provided uniforms designed by Boss, which includes undergarments.