I don't understand Ferrari prices

$36,000 for an engine out service at 12K miles?

Seriously?????

 

So how is that a Ferrari price???

He was seriously taken advantage of and he was a co participant of a screwing. If not this it would have been a bad boat or airplane transaction. Stupid people and their money will soon be parted. What else is there to say? How bad do I need to feel for dumb people? If not this he would have sent money to some government functionary in an African country needing to move some unaccounted for money between accounts.

Some people cannot be helped.

You are asking the wrong question. What I do not understand is how do such gullible people have the ability to write checks like that? Or as I once said to a former service manager "Please tell me he inherited the money".

 

Exactly!

 

That's ridiculous....One of the cars I was looking at had a reman engine FROM Ferrari installed at a dealer and the total price was around $26k...granted it was a 360 and not a TR, but in no world should a new engine cost 1/3 less than a belt service....that car did go on to have about $30k of service completed by the new owner, but I think roughly half of that was new cats/exhaust.

 

Actually it was "only" a $34,215 engine out service.

Reading the details of that service though......(carried out by Maranello Sales Ltd, so already you're talking main dealer pricing):

"A 30k engine-out service was done, including compression test, check cooling system, replace cam belts and aux belts and all new gaskets, new clutch assembly, new spark plugs, A/C service, new water pump, machine cylinder heads, replaced both coolant thermostats and radiator thermal switch plus flush and replace all filters and fluids. Total invoice was £26,554.13 ($34,215.00 USD).Mileage was 12,302 miles"

... that sounds suspiciously to Me more like blown head gaskets due to the engine overheating, rather than just a standard engine out service.

If that is the case, then with main dealer pricing on top, along with VAT, £26,554.13 ($34,215.00 USD) doesn't seem so out of place.

 

Well quite. It is clearly not a standard engine out service which would have been something like a tenth of the price.

Jonathan

 

I think I paid like 7k for my last one on the 512tr. Put new tires which were on top of that.

 

Certainly that is possible in which case the ad should say

Car poorly owned, maintained and treated like a rental car to the degree that at very few miles it required major mechanical intervention to make it sellable.


Major obfuscation to refer to a job like that as a service. The term service carries with it a connotation of routine, scheduled servicing.

 

Ferrari pricing is a narrative and the price depends on who believes the narrative. The only one I know about is that Ferrari prices never go down. Just because a car has been for sale over a year doesn't change that.

 

That is also my firm opinion.

I would just add that it can be a bit tricky on modern Ferraris not to believe the narrative and ask for a second opinion, on a small country like mine.

Kind regards,

Nuno.

 

Maybe he just replaced the whole engine with a new engine in the "engine out"?

 

There are still average TRs out there for less.

 

I brag to my friends about how much I spend to maintain my car. It makes me feel big and powerful and wealthy. I spend more just on an oil change than your entire car is worth.

It's a matter of ego you see.

So much so that I don't notice the other people shaking their head at the absurd stupidity.

 

The cost of maintenance on the engine out variety is why Ferrari is now paying for maintenance for 3 years and no more engine out service is required. It costs a ton for the older cars.

 

I wonder if there is significant variability in the build process as well. Some cars after coffee and on a Wed afternoon don't have many problems. But right after a holiday weekend after alot of Prosecco.. all that is out the window. Some variability in the operating conditions as well. Too hot and too cold with too few or too short operating cycles might lead to wear.

I'm convinced the only way you truly get perfection in a repair is if you do it yourself or your mechanic likes you.

 

There has been sub-component failure on MANY european cars now. 50k miles and the window regulators and door cables in modern Porsches will go. It's the plastic. Of course it's out of warranty at that point.

328 has CIS fuel injection. Just bumped into an owner that had the mixture go rich on his this last weekend. Good luck finding someone who can diagnose CIS well who doesn't throw 3 expensive parts at it before crying uncle. It's the reason I sold my 928.