Where to Start - Considering a Ferrari | FerrariChat

Where to Start - Considering a Ferrari

Discussion in 'New Member Introductions' started by scottac8de, Sep 19, 2023.

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  1. scottac8de

    scottac8de Rookie

    Sep 19, 2023
    11
    Full Name:
    Scott Myers
    Hello, I'm a newbie here.

    My background - I'm a 62 year old mechanical engineer and lifelong car enthusiast from the USA. I've been driving European cars for nearly 30 years now and am now considering the ins and outs of a V12 Ferrari. A used FF or a GTC4Lusso as a daily actually; about 10k miles per year. (4WD, 4 seats) Seems that most don't "daily" their Ferraris. I've got a good garage, car lift and much desire and ability and do a lot of my own work... as time allows. And I'm painfully detail oriented... downside of being an engineer. I've not told my salesman at my exotics dealer yet of considering a Ferrari, as I'm not quite yet ready to commit and don't want to waste his time. So I'm starting here where enthusiasts live. BTW - I was in Maranello back in July. Completely Awesome.

    Frankly, I've been a bit leery about getting in bed with Ferrari and having the "Ferrari" life. Sounds consuming, but they are rolling art unequalled. Ferrari has a certain reputation for not "allowing" one to work on their own cars; killing warranties, blackballing, etc. I'm sure some of that is real for them trying to protect their brand and rightfully so. The costs associated with their upkeep are rumored to be higher than anything else. I wouldn't squawk at $10K/yr., but above that seems a bit more than I'm willing to pay... and maybe that is the show stopper. (I can keep an AMG, Bentley and Maserati running which aren't cheap. Parts aren't too bad on those actually.) I get that anything can happen; blown motor, wrecked transmission, etc... and I'm not considering that in the "maintenance" equation. I've done some parts research already on brake pads, rotors, tires, etc., so I get what the parts cost.

    One thing I'm certain of is that a used Ferrari is better at holding value than most cars long term... although many models take a big hit upfront of course. This part is attractive.

    What are the pearls of wisdom for a potential buyer? Am I overthinking this... or should I continue to be leery?

    Thanks, Scott
     
    ryalex likes this.
  2. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    37,087
    Cowboy Capitol of the World
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    Brian Crall
    #2 Rifledriver, Sep 19, 2023
    Last edited: Sep 19, 2023
    Quality technical information and any special tools you may desire will be challenging. As far as "Black balling warranties" that is highly illegal unless they can prove you caused an issue. Your trouble with getting issues resolved that may come up on a car you are servicing yourself, that will be more of an individual dealer rather than the factory. Some are very punitive if they are not your first stop for everything and others are just happy to see you when you do use them. Some have a very highly developed sense of entitlement. Others are normal human beings. Don't know where you are so cannot comment further.

    I had a client that after I did an oil change they refused to sell him an extended warranty. Crazy I know. Other dealers I knew felt the same as I. He was a serial Ferrari buyer and they lost him as a client over it. It was an expensive place to hold their ground.
     
  3. NGooding

    NGooding Formula 3
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    Apr 5, 2021
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    Nate
    Welcome to FChat!

    If you wouldn't count a major repair against your annual maintenance budget, it's hard to imagine how you'd get anywhere near $10k for a modern car, even if you're bringing it to the dealer - nevermind if you do the work yourself. I'm still a relatively new Ferrari owner, so maybe I'm naive. Interested to hear what others say.

    Be sure to read up on the PTU issues with the FF/GTC4Lusso.

    I'd be prepared for reasonable depreciation if you're going to put 10k miles a year on it (which is great, BTW - drive it and enjoy it). Ferraris hold their value well if you keep the mileage down, but high mileage cars definitely get penalized. You can scrape some data from BaT and get a sense of the curve.

    If you find a good FF with 20-30k miles on it, you'll end up paying a lot less in depreciation than with a newer, lower mileage Lusso. You might also consider a 599 or F12. Don't get me wrong, I have a Lusso and love it. But I'd guess it will depreciate more than an FF or 599 from here.

    Good luck! Keep us posted on your search.
     
    Rifledriver likes this.
  4. 05F430F1

    05F430F1 F1 Rookie
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    Oct 22, 2005
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    Todd
    Well, if you're looking at an FF, full factory warranties are already gone so I wouldn't worry about that part as the other available warranty options aren't that great compared to full factory extensions. And a lot of that stuff is hyped up. Ferrari isn't going to care or even know if you're doing your own repairs and they're not going to stop you from buying future ones for doing that on your used car anyway. Also, I seriously don't you'll ever get anywhere near 10k/yr in maintenance/repairs-- you'll be fine.. buy one, enjoy it and you'll be surprised and happy with how inexpensive they are and as you said, will hold their value VERY well.
     
  5. scottac8de

    scottac8de Rookie

    Sep 19, 2023
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    Scott Myers
    This is all good information and really encouraging! Thank you! And yes, I know I'll depreciate it driving it a lot. But I'm 62. The equation for me is different than it was when I was 40. Not only will I drive it often... I'll drive it hard as it was meant to be driven.
     
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  6. NGooding

    NGooding Formula 3
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    Nate
    Music to my ears. Enjoy it! Have fun with the research and the search too.
     
  7. JGL

    JGL Rookie

    Jan 13, 2023
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    Essex
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    Gary Jack Lomas
    I'm 65 and bought my first Ferrari 8 months ago. It's a 2012 FF and had 23k miles on it when purchased and now has 25k miles. It's been a great experience and well worth waiting for. Previously I has a S1 Elise that I worked on myself and this is now in the USA. I use my car every weekend and because of the flexible configuration give people lifts and I've even taken stuff to the recycling centre. Petrol consumption is okish on a good run and other people always keen to chat at the petrol station
     
    NGooding likes this.
  8. JWeiss

    JWeiss F1 World Champ
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    Nov 18, 2010
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    JWeiss
    When the FF was introduced, it certainly garnered a lot of mixed reviews. I didn’t like the styling until I saw it “in the metal” at the NYC showing, and then when I drove one a few months later. The few I’ve seen on the street since have always turned my head - I really like it. And the Lusso even more so.
     
    NGooding likes this.
  9. scottac8de

    scottac8de Rookie

    Sep 19, 2023
    11
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    Scott Myers
    Also very beautiful, but for a daily, I'd want the 4 seater but more importantly, the 4WD. We get cold weather where I live and my driveway is literally an an uphill off-camber chicane and 1/8 mile down a private lane that sometimes doesn't get plowed promptly, so get ice covered after plowing for a few weeks sometimes. I do have a 4WD SUV (and another on order for my wife), but I really don't like driving the SUV.
     
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  10. scottac8de

    scottac8de Rookie

    Sep 19, 2023
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    Full Name:
    Scott Myers
    That's great! That's the beauty of that FF/Lusso configuration. As far as fuel economy, I owned a Mercedes AMG G63 "G wagon" and sold it last year. We drove it all over and hauled all sorts of things in it.. so the fuel economy on any Ferrari is going to be MUCH better that that G63 was! At least the way I drove it. Of course I live in the USA, so my fuel costs are much lower than yours.
     
  11. NGooding

    NGooding Formula 3
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    Nate
    I'm with you on SUVs. They're lost on me.

    FYI, if you keep the FF/Lusso in Sport mode, it keeps the front gearbox disengaged. Then, when you need the extra traction, turn the manettino and presto: AWD.

    Personally, I think the car feels much better at corner exit in RWD. Plus, I'd imagine you'll get better life out of the front clutch if you drive in Sport mode. (Given the different ratios front and rear, apparently the front clutch needs to slip whenever the front wheels are driven.)

    But you get the best of both worlds. It really is an amazing car.
     
  12. scottac8de

    scottac8de Rookie

    Sep 19, 2023
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    Scott Myers
    I'm really interested to see how a FF/Lusso feels compared to say my C8 Corvette or 911. You mentioned exiting corners, so that's the real question; How does it rotate in a corner is you push it. Does it tend to understeer, oversteer or is it more neutral? Since it has the main transmission over the rear axle, so weight distribution is nearly perfect, so I'd expect a really nice corner rotation a neutral feel.

    I'm surprised the sport mode keep the front box completely disengaged and doesn't watch for slip to engage it. Most of these AWD cars that offer this AWD do engage when needed in sport or corsa modes, unless TC is turned off. Very interesting.
     
  13. NGooding

    NGooding Formula 3
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    I haven't driven a C8, and haven't driven a 911 hard since the early 2000s. At that point, 911s weren't my favorite. It seemed that they started trying to dial out the lift throttle oversteer, but their solution was to dial in massive on-throttle understeer. I gather they've since found a much better answer.

    I can compare it to my F8 or McLaren 570. And it's a very different car. It's a heavy GT car, and unsurprisingly, it feels less precise. Steering is slower and it takes longer to set, which can give the sensation of understeer at turn in. But once the weight transfers and sets, it feels quite neutral to me. Unless you try to get on the throttle before the car has taken a set, I find it tends towards mild rotation, not understeer.

    Full disclosure: I haven't brought it on a track, so I've barely and rarely explored the limits. And because of that, I think it's possible that the mild rotation sensation is created (or amplified) by the rear wheel steering. Not sure. If anyone has more experience near the limit, I'd love to get their take.
     
  14. scottac8de

    scottac8de Rookie

    Sep 19, 2023
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    Scott Myers
    Thank you for confirming those points, which is as I expected. I'd guess the FF wouldn't be as quick at weight transfer over a C8, but probably pretty close. The C8 you have to watch brake/throttle transfer for the understeer when you are really pushing it in tight twistys, like most mid engined cars with their heavier rears. The Front/Rear balance is better a FF. The 570 is an awesome quick handling car, but it is light with very stiff suspension, so not apples and apples. I'd never make a 570 a "daily" though. No idea what a F8 feels like, so I'll have to take your word for it. But it's not like I'd be buying the FF for the track anyway. Just a really gorgeous tight handling daily that I can take other couples in.

    Side note on the 570 - I rented one for the track once. Very "lively" with great feel. Might be a great one to buy for a weekend fun buggy at a pretty reasonable price these days... after all, you have one so you must still enjoy it. If it weren't for its pesky known issues. All fixable these days though, except for the annoying key fob issue... unless someone found a fix. I did recently look at one in a showroom and someone had torn the crap out of the bottom of it; broken brake release, loose fuse panel and a bunch of other minor heavy wear items. It just seemed pretty abused. I pointed it all out to the sales guy and they pulled it out of the showroom in less than 10 minutes while I was there. I think they were embarrassed how quickly I found all the issues with it.
     
  15. swc5150

    swc5150 Formula Junior
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    Jan 5, 2021
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    Scott Calderwood
    I think once you find the right, well-maintained Ferrari for you, it'll treat you well. Like any car, they perform so much better when driven regularly. I've had much better luck with Ferrari reliability than Porsche actually. Enjoy your search!
     
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  16. scottac8de

    scottac8de Rookie

    Sep 19, 2023
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    Scott Myers
    Thanks everyone for the the experience and encouragement. I've not stopped into my Ferrari dealer showroom (part of a larger highline dealer, but Ferrari has it's own dedicated showroom and sales team that is separate from everything else, so I didn't know those guys. I'm now in the list and the search begins. I may have to find the car, get a PPI, then have my local dealer get it, mark it up a bit and certify it.

    Promised my wife I'd sell a car though. I think it may be the '23 C8 Corvette. I'm torn. I like that car a lot, but not the dealerships and dealing with GM.
     
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  17. Sunshine1

    Sunshine1 Two Time F1 World Champ
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    Jan 22, 2011
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    Welcome to Fchat! Surely a lot of information here…
     
  18. NGooding

    NGooding Formula 3
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    Nate
    I now believe this statement is incorrect. My sincere apologies if I did indeed propagate misinformation.

    Doug DeMuro and this random article in Digital Trends both stated that this is the case. However, in the snow this winter, I got the distinct impression that I was still getting power to the front wheels in Sport mode. Which led me to review the owners manual. And, by my reading, it seemed to confirm that Doug and Digital Trends were incorrect.

    Anyone know the answer definitively?
     

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