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.
In This Article...
Do Ferraris Cost A Lot To Maintain? 9 Amazing Facts (With Examples)
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.
Costs of Ferrari Maintenance [Regular & Major Repairs]
Think carefully about a number of aspects before making a Ferrari purchase. How much it will cost to maintain your new car is one of the most crucial factors. Your Ferrari will require a variety of services over time, each of which will cost you differently.
The more frequently these services must be performed to make your model survive as long as possible, the more expensive your model is. Here are some maintenance-related facts you should be aware of before making a decision about buying a Ferrari with all of this information in mind.
By doing so, you’ll be able to determine what kind of budgeting is required before making the decision to purchase your ideal vehicle!
A Ferrari requires $1800 in maintenance on a yearly basis. This involves routine fluid adjustments and checks to make sure everything is functioning properly.
After the first year, all maintenance costs will increase by about $500 annually until six years have passed, at which point the cost will substantially increase to at least $4000 per year for routine maintenance.
A Ferrari is a high-performance vehicle, therefore maintaining it in the optimum condition is essential to maximizing performance and ensuring a long life. Your Ferrari might need a simple repair that costs at least $3500. A substantial fix, like an engine rebuild, may cost up to $35,000.
We’ll go through some of the unique costs associated with owning various Ferrari models. Owning a Ferrari won’t seem as terrifying once you are aware of these expenses!
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 monthly Ferrari cost?
Let’s start by discussing the unrealistic route. We’re looking at a 2019 Ferrari 812 Superfast, which costs $315,000 and has a top speed of 211 mph. Owning something like that will undoubtedly require money and good credit. Imagine buying a second house, but paying it off in less than eight years as opposed to 30. Your monthly payment will be $5,831 if we use a 60-month loan with a 4.21% APR as our benchmark. That’s a huge sum of money, and in this case, it’s unlikely that the Ferrari would be your first supercar.
Let’s now examine a more practical route to joining the Ferrari clan. You can get a 2012 Ferrari California Roadster for for under $100,000. Given that the majority of Ferrari customers drive their cars sensibly, the mileage can be under 15,000 at that price, which is half of what a 2018 model sells for.
With $0 down payment and a 4.21% APR for 60 months, the monthly payment for this automobile will be $1,851. That is a much more manageable number now. (Looking around for the best vehicle loan rates you can get is a good idea because the APR can significantly effect your monthly and total balance.) After around three years on the market, a new Ferrari will typically lose $100,000 of its value. Because of this, used Ferraris are extremely valuable. Although the cost has drastically decreased, the car is still a genuine Ferrari.
2007 Ferrari F430 is another automobile that costs little under $100,000. More of the well-known and adored Ferrari design may be seen in this. Although models with low mileage will cost a little extra, those with moderate mileage will only have about 25,000 miles. In addition to saving money, it’s wise to attempt to avoid borrowing more than $100,000 because many lenders won’t do so. There are 293 Ferraris on Autotrader that are priced under $100,000 at the time of this article, and reading through will turn up treasures for as little as $50,000. There are many options, therefore.
How frequently does a Ferrari require repairs?
Ferraris can travel 10,000 miles without needing an oil change, but the majority of non-luxury cars need the service every 5,000 miles. This lessens the expense of oil changes for Ferrari vehicles, which has grown.
How much does owning a Ferrari cost on an annual basis?
It is expensive! Total Cost for Two Years: $266,965 You will shell out about $300,000 over the course of your two-year tenure simply to park one car in your driveway that you can only use for 2,500 miles a year. The entire cost works up to $133,485 each year.
What is the price range for a Ferrari?
For many of these cars, the retail pricing of a Ferrari are more of a starting point than an end point, although the starting prices of some of Ferrari’s most recent products are as follows: Retail price for a Ferrari 812 Superfast is $335,000. Retail cost for the Ferrari 812 GTS is $404,494. Retail Price for the Ferrari F8 Tributo: $270,530
Which Ferrari is the cheapest?
The brand of supercars that is perhaps best known worldwide is Ferrari. This Italian carmaker has gained notoriety for its outstanding performance and domination in motorsports. In order to make their sports vehicles even more thrilling, Ferrari has started using turbocharging and electricity.
The Portofino is the least costly Ferrari currently on the market, yet no Ferrari can be classified as entry-level. The base price of this classy roadster is around $215,000 before options, and like any Ferrari, extras are available in abundance.
Most Expensive: The SF90 Stradale is a display of Ferrari’s performance prowess. Its hybridized twin-turbo V-8 produces close to 1,000 horsepower. The SF90 is considerably over $1 million in price, but you can’t just go into a dealer’s lot and purchase one. To add an SF90 to your collection of Prancing Horses, you must receive a personal invitation from Ferrari.
The most entertaining Ferrari to drive is impossible to choose, just as the preferred pizza variety. Nevertheless, we were in awe of the 812 Superfast. We won’t soon forget the 812 “Stoopidfast’s” V-12 song since emissions regulations cast doubt on the future of 12-cylinder engines.
As soon as a car is released, we want to test and rank as many of them as we can. We’ll rank new models as we periodically update our rankings and we might even change the scores for some models. Vehicles with insufficient testing data, however, are not scored.