The fine print of the contract you sign states that you are not allowed to sell your new Ferrari during the first year of ownership. This is done to deter flippers. The owner may make a sizable profit by selling a low-mileage, first-year Ferrari, particularly when it comes to limited-edition vehicles. Ferrari wants the opportunity to buy the car back from you if you decide to sell it.
Ferrari and Lamborghini have been at odds for many years and it hasn’t let up. If you buy a Lambo and want to be on the VIP list for a limited-edition Ferrari, forget about it. It doesn’t want to mix with the bull, even if you have several Ferraris.
In This Article...
Ferrari Won’t Sell You a New Model, Here’s Why
We have terrible news if you weren’t aware of it or were having problems entering a Ferrari dealership with a few hundred thousand dollars and expecting to leave in a brand-new vehicle. Ferrari won’t only offer you a brand-new car. No matter what you have or who you are, you cannot purchase a new Ferrari. (Well, that last part does have a few exceptions.) I’ll explain why you can’t.
What about a Ferrari sale?
In the first year after purchase, Ferrari prohibits owners from selling new Ferraris. Additionally, sellers must let Ferrari know if they intend to sell their cars so that it can decide whether or not to buy them.
In order to regulate who owns these limited-edition vehicles, Ferrari will probably also incorporate conditions granting them the right to buy back limited-edition models if owners decide to sell them.
These sales limits are meant to deter individuals from purchasing Ferraris only with the intention of reselling them for a profit, which is particularly possible when the vehicle in question is a limited-edition model with low mileage. If Ferrari finds that a customer has violated the sales agreement, they will ban them from purchasing any new Ferraris in the future.
A Ferrari Is Expensive
Even though it seems relatively clear, the fact that the cost of owning a Ferrari makes it difficult doesn’t change the fact that it is true. Depending on the model, a basic Ferrari can cost anywhere from $180,000 and $450,000. Keep in mind that this doesn’t account for all the money you will have to spend on upkeep. If you take that into account, the price will probably be much higher.
This is due to Ferrari’s annual car production being somewhat small. In order to continue turning a profit every year, they must sell their sports vehicles at exorbitant prices. That is how they have been at the top for so long.
One of the Prancing Horse’s biggest selling features is exclusivity, so you’ll have to shell out a lot of money to get one.
Since Jay Leno despises car dealerships, he won’t purchase a Ferrari.
The majority of people may recognize Jay Leno as the former host of The Tonight Show, but in our region, he is likely even more well-known for being a true and dedicated car enthusiast. He still keeps busy with his CNBC vehicle show, Jay Leno’s Garage, after leaving the talk show business, and is hailed as one of the world’s most active car collectors. Jay Leno owns 181 automobiles in addition to 160 motorcycles, according to a duPont Registry list published last year. The exact number of cars in Jay Leno’s actual garage undoubtedly varies regularly.
The late-night legend reportedly does not own any Ferraris despite having a sizable collection, and there’s a good reason for that: He abhors the requirements Ferrari dealerships place on buyers in order to be allowed to acquire a vehicle from Maranello. It’s a little-known fact that dealing with Ferrari can be challenging unless you’re a lifelong, paying Tifosi member with a long history of Ferrari ownership.
Leno remarked on Cars and Culture with Jason Stein that “Simply put, I’ve never enjoyed dealing with dealers. I don’t want to give a man $25,000 in a sealed envelope, you know. I’d prefer not to have to purchase two Mondials.” The Ferrari Mondial, a car made by Ferrari from 1980 to 1993, is used by Jay to illustrate his point, which tells me two things: first, Jay has held this opinion for literally decades, and second, Ferrari has been conducting business this manner for at least as long.
Then he contrasted Ferrari’s “prove your worth” strategy with its bitter competitor McLaren’s significantly more customer-focused outlook.
“The dealer service is one of McLaren’s smart features. I purchased my McLaren and paid the sticker price in full. The purchasing process was excellent. My MP4-12C was the car I owned for about six or seven months. They informed me by phone one day that there had been an increase from 592 to 617 horsepower. Do you desire the upgrade? When I inquired about the cost, they responded, “It’s free.”
He continues with another incident about how Leno was once talked out of purchasing carbon brakes by a McLaren salesperson who suggested that they might not be necessary for street driving, thus saving Leno $20,000. Jay contrasts the BDSM experience with the Ferrari dealership visit. It’s like when wealthy men visit a dominatrix and say, “Oh, she kicked the snot out of me, it was terrific.” I mean, some men are like that.
Leno does not, however, deny his admiration for the vehicles themselves. “They’re great vehicles. Just the fact that you’re spending so much money is not a criticism of the car. You ought to be treated like a client.”
It’s strangely heartening to realize that “screw car dealers” is a sentiment that can actually transcend tax rates, even though the ordinary car lover like you or I may not have anywhere near the amount of vehicles that Jay Leno does.
Who can’t afford a Ferrari?
One of the wealthiest athletes and the richest boxer of all time is Floyd Mayweather Jr. Therefore, one might assume Ferrari would be more than eager to sell him their cars, but in spite of his enormous riches, he is supposedly on the infamous blacklist.
This is mostly because of his propensity to flout Ferrari ownership regulations, which require owners to keep their cars for at least a year before even thinking about selling them. Floyd, on the other hand, has a reputation for purchasing expensive, brand-new vehicles and then selling them as soon as he’s finished flaunting them. He isn’t exactly regarded as a “auto collector,” thus Ferrari feels the megastar is unworthy.
Can anyone purchase a Ferrari?
To acquire a loan for a Ferrari, you would need to have at least 10 to 20 lacs saved up on the side. This might differ depending on the bank and the individual’s credit history.
Can you possess a Lamborghini and a Ferrari?
Some of the most fiercely contested automaker battles in history are Ford vs. Chevy, BMW vs. Mercedes-Benz, and Audi vs. Peugeot. Lamborghini and Ferrari are among the best and should be listed as well. The Vintage News claims that Ferruccio Lamborghini’s remark about Enzo Ferrari’s automobiles was the catalyst for the entire incident. The rest is history as Lamborghini broke away and began building his own vehicles.
These two automakers haven’t gotten along so well, and things have grown so bad that they’ve set boundaries. Fans must choose one or the other; it is improper to drive vehicles made by both automakers.
Why am I unable to alter my Ferrari?
Pop star Justin Bieber reportedly won’t be able to buy another new Ferrari after allegedly breaking the Italian company’s modification rules. The Prancing Horse disapproved of the Canadian singer’s decision to repaint his 2011 Ferrari F458 Italia electric blue and modify it with a Liberty Walk widebody kit, according to Milan-based tabloid Il Giornale.
The investigation found that the 28-year-old did not adhere to the moral standards for maintaining and operating vehicles. Ferrari automobiles are not subject to unauthorized alterations, and owners are not entitled to sell their vehicles without first notifying the business. Bieber sold the customized car at auction in 2017.
According to a story in the newspaper, Fabio Barone, director of the largest Ferrari drivers’ organization in the world, said: “A Ferrari is a work of art, therefore it’s appropriate the company communicates the message that it must be conserved.”
If the allegations are confirmed, Bieber will no longer be qualified to buy a brand-new Ferrari, although the Prancing Horse has not yet issued an official statement on the subject. If accurate, it wouldn’t have a significant impact on the singer’s style given that he owns high-end vehicles including a Lamborghini, Bugatti, Rolls-Royce, and Porsche.
Celebrities including reality TV star Kim Kardashian, singer 50 Cent, and Hollywood legend Nicolas Cage, who was forced to sell his Ferrari Enzo in 2003 due to bankruptcy, have all been blacklisted by Ferrari in the past.
Is operating a Ferrari challenging?
Ferraris are relatively simple to handle and drive. Particularly the more recent ones, which, provided you drive them at a normal speed, are just as simple to manage as traditional cars. You receive good traction and grip when you accelerate quickly, which also helps you stay on the road at all times.
Why can’t the Kardashians purchase a Ferrari?
Ferrari claims there is no “blacklist” that prevents anyone from purchasing their vehicles. The Italian automaker does, however, have the right to pick and choose who has access to its most coveted units. It is more of a fact than a legend.
Can you be sued by Ferrari?
Yep. Ferrari filed a lawsuit against the Purosangue Foundation and prevailed in the legal battle. When the supercar manufacturer sought to utilize the Purosangue moniker (“thoroughbred” or “full-blooded” in Italian) for its future SUV, it first approached the charity that supports health and fitness. After the negotiations fell through, the Purosangue Foundation filed a lawsuit to prevent Ferrari from registering the name as a trademark in Europe. Ferrari responded by starting legal action, asserting that the foundation hadn’t used “Purosangue” for commercial purposes enough since registering it in 2013. “Why do we have to get go of who we are? Ferrari ought to have simply done its homework.” The Purosangue Foundation’s Max Monteforte spoke to the Financial Times in the UK. “There is a ton of proof of what we’ve been doing lately.” No thanks.
How much does it cost to buy 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
Why is Justin Bieber prohibited from purchasing a Ferrari?
Because of his actions, Ferrari allegedly decided to prohibit Bieber from purchasing new automobiles. Despite the fact that Justin Bieber has experienced countless PR mishaps throughout his development, you can be sure that the specifics Ferrari cites are really trivial. However, that is perfectly consistent with standard Ferrari corporate conduct.
Ferrari hates it when its cars are changed, as the entire world is aware. Bieber’s multiple widebody and wrap changes are so unpopular with the prancing horse’s clothes. Funny thing is, though, the ban isn’t primarily due to this.
What did he do then? Did he crash his Ferrari into another photographer? Perhaps he wrecked a vintage Ferrari? Did he receive a DUI while operating a matte red 458? Nope! After leaving his automobile parked for two weeks, he lost track of where it was. How could he?
This, in Marca’s opinion, was the proverbial straw that broke the Italian camel’s back. The person has to be fairly busy, even though it may be an outrageous display of riches and even a little reckless. He presumably has millions of cars as well. There are many things Justin Bieber may have done wrong in the past. But the punishment here simply doesn’t seem appropriate for the “crime.”
Perhaps Bieber will start spending his money on Lamborghini and McLaren instead, similar to Deadmau5.