Yearly 458 Italia costs. New to supercars. (Overview of the different running costs) | FerrariChat

Yearly 458 Italia costs. New to supercars. (Overview of the different running costs)

Discussion in 'Ferrari Discussion (not model specific)' started by Albrekt, Oct 22, 2017.

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  1. Albrekt

    Albrekt Rookie

    Oct 22, 2017
    2
    Full Name:
    Jonas Hansen
    Hello everyone.

    My dad has always dreamt of owning a ferrari, but has always had the mindset that you would have to be a billionare to own a car like that.

    I really want to show him every expense there is owning a supercar (458). And how much each expense will be about, Like insurance, maintenance and etc. So he possibly could look into buying his dream car..

    Is it possible that somebody could give me a overview of the major running costs of owning something like a 2010-2014 ferrari 458, or something in that price range. And possibly even give a shot of what each expense is about, in rough numbers.

    Thank you very much for your time, I appreciate it

    Best Regards Jonas
    (I've been looking everywhere in the internet, but I find it really hard to find specific numbers)
     
  2. Redneck Slim

    Redneck Slim Formula 3
    Rossa Subscribed Silver Subscribed

    Mar 10, 2011
    1,683
    Palo Alto,CA,USA
    Full Name:
    Walt Kimball
    Spend some time going through the 458 section. You will find a lot of useful information. And order Forza #151 (August 2016),which has a 458 buyer's guide.
     
  3. versamil

    versamil Formula 3
    Rossa Subscribed

    Apr 28, 2013
    1,243
    Gaston, Oregon
    Full Name:
    Brian Healy
    Cost to own a 458 for Maintenance- ZERO so far. With the seven years of services paid for by Ferrari, maintenance isn't an issue. Depreciation is the highest cost. I figure my 458 has lost Fifty thousand dollars in one and a half years.

    Replaced the windshield because of a rock chip. With a thousand dollars deductible it was a bit more than an ordinary car .Insurance at a couple a hundred dollars a month for full coverage is cheap considering the value of the car. So the cost of admission is high, the cost of depreciation is the biggest hit. The fun per mile- worth every bit of it.
     
  4. Albrekt

    Albrekt Rookie

    Oct 22, 2017
    2
    Full Name:
    Jonas Hansen
    Thank you for the rough numbers, exactly what i wad looking for!

    Just for pure curiosity:
    Do you think (or know) if the 458 will dip a lot down in price, when th 7 year warranty is over?

    Best regards
     
  5. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,911
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    Too many factors to consider, but wouldn't be a shock if it declined for 15 years before hitting rock bottom.
     
  6. Need4Spd

    Need4Spd F1 Veteran

    Feb 24, 2007
    6,678
    Silicon Valley
    Annual maintenance if just fluid changes is $1k-2k depending on whether you change all of them or just some, and where you live. Main cost is depreciation. Early 458s are at or under $200k, but are going to continue down to at least $100k in the next few years, if not lower. But new BMWs or Mercs will also suffer same over same period. Biggest issue is if something breaks out of warranty. But 458s so far do not seem afflicted by as many issues as prior generation cars. Put aside $10k every year instead of buying hugely expensive extended warranty and odds are you will have close to $30k in the bank in 3 years, vs $18k out of pocket for warranty. Hope this helps.


    Sent from my iPad using FerrariChat
     
  7. daytona355

    daytona355 F1 World Champ
    BANNED

    Mar 25, 2009
    12,655
    London
    Full Name:
    Sid Korshak
    I think the 458 is a great super car to buy. Free servicing for the first seven years is absolutely brilliant, then it's just tyres and any damages you do yourselves to the car, which will hopefully be none at all. Compared to my Mercedes C63, the ferrari are angels on tyres, that car used to do in a set of rear tyres every 2000 miles, which equates to a ridiculous cost. The 458 can get through them quicker than a normal sedan or coupe, but I've found that as the tyres on ferraris tend to be the most expensive to buy anyway, they last longer because the ferrari isn't spinning its wheels up, and handling is so good, there's no scrubbing. On the 599, I managed 10000 on a set of rears, and only changed them because they reached five years old, and I drive like I stole it everywhere I go, so didn't trust tyres past the 'use by date'.

    If you can afford to get into 458, then a couple thousand dollars a year on tyres if and when shouldn't worry you, and a good warranty, at least in the UK, which covers everything, is about £1500 per annum ($1900). I've had lots of cars over the years though, and the best cars for reliability and being free of issues has been the ferraris and Maserati's. Worst are BMW (gearboxes, turbos, steering columns etc etc) and range rovers (dealers wanting £1500-3000 for services, niggling electricals and sensors, odd tyre damage), but range rovers I still love, BMWs I won't bother with anymore
     
  8. JimDeaton

    JimDeaton Rookie

    May 21, 2017
    6
    Jonas,

    Owning a 458 after the initial cost of purchase is not much more than any other car assuming it’s not your daily driver. Like all other cars it will depreciate in value. It’s a very reliable, well built car. Have the oil changed once a year and drive it. Insurance for me was about 25% more than the Caddy I️ drive every day. If your not racing it, the brakes and clutch will last forever.
    Buy a real nice one for $200K, drive it for a few years, sell it for $160K and check it off that bucket list!
    One other piece of advice that I️ live by, as my Daddy always said, don’t borrow money to buy toys and you will stay out of financial trouble.

    Good luck!


    Sent from my iPad using FerrariChat.com mobile app
     
  9. LightGuy

    LightGuy Four Time F1 World Champ
    Silver Subscribed

    Oct 4, 2004
    46,139
    Texas
    Full Name:
    David
    #9 LightGuy, Nov 13, 2017
    Last edited: Nov 13, 2017
    This is a strange market right now.
    Lots of interest in "The Last Ofs" as in The Last Of the manual cars. Look at the price of manual F430s and 599s. Crazy.
    Granted those were very low production which also elevates the price.
    The 458 is The Last Of the naturally aspirated V-8s

    If depreciation is a main or pivotal concern (it is to me) get a 360CS or 430 Scud. IMO 430 Scuds are undervalued but have at least stabilised.

    More probable.
    The 458 is just a stunning car and fun to drive although production numbers were huge.
    I can see buying one in a few years after they have hit bottom.
     

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