Cheapest Ferrari to own is... | FerrariChat

Cheapest Ferrari to own is...

Discussion in 'Ferrari Discussion (not model specific)' started by 62 250 GTO, Jan 21, 2006.

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  1. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
    Full Name:
    Neil
    Just curious, I searched and didn't find anything.

    I have 2 cars now that I just putter around in and I was thinking of selling them and getting an entry level older Ferrari for the money. I find all Ferrari cars beautiful and interesting in some way due to my bias so looks aren't a factor and a manual transmission is.

    Which "oldish" Ferrari is the cheapest to buy and maintain. There isn't a Ferrari dealer anywhere close to me but I know I can have it serviced in town.

    I sink a ton of cash into the 924 and 540 and can't imagine a Ferrari in good condition would be more expensive.

    Thanks.

    EDIT - No kids, no shopping trips, no daily driver needed and most likely no race tracks.
     
  2. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
    33,173
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    Snike Fingersmith
    Maintenance wise, most of the 308/328/Mondial series is pretty close to the same, aside from the Mondial T. All of these can be self-maintained by a competent owner. Factoring in purchase prices, your cheapest one is a Mondial 8, followed by the QV Mondial coupe/308 GT4 and then ranging up to the 328. Similar era V12s/Boxer 12s will be much more expensive to maintain. The 400/400i is the cheapest way into a 12, but repairs could eat up a significant percentage of the value.

    Check the classic section for info on these.
     
  3. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
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    Neil
    Thanks for the reply Tillman.

    ^^^ That's not me. I don't even adjust the valves on my 924. The closest I come to working on my cars is calling my mechanics. I'm just not comfortable being the first and last line of defense for my cars. Besides if somthing should go wrong I like yelling at others.

    I'll search those forums.
     
  4. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,003
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Hey did you see the carb 308 for $22k on that thread in General (the Sheisse one)?
     
  5. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
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    Neil
    Yes but it will take some time to buy a car. I don't take the Porsche out untill the end of April, so that's my deadline for buying the car and having it road ready. I will most likely fly to the US and have the car inspected {if one catches my eye} and have it shipped back home. I nearly did this with a 951 but it sold before I could get down.

    Thanks Ryalex.
     
  6. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,141
    Portland, Oregon
    Full Name:
    Don
    Yes, but... a bad Mondial can consume cash just as fast as any other Ferrari. I put over $10k into my 3.2 Mondial during the year and a half I owned it, and I didn't even do a major service on it! (It had been done shortly before I bought it).

    I did things like rear window motors, various electrical problems, etc. I don't remember all the specifics, but it was all fixing various stuff. Of course, it was a lousy Mondial, but I thought I factored that into the purchase price. Obviously I miscalculated.

    Over the first few years I owned it, my 365 2+2 cost far less to maintain than the Mondial did. I think a good 400 would certainly cost less to maintain than a bad Mondial or 308.

    Moral of the story: whatever you get, get the best one you can find.

     
  7. Evolved

    Evolved F1 Veteran

    Nov 5, 2003
    8,700
    360 Modena doesn't need the engine to come out for the belt jobs.

    I imagine the electronics are a lot better then the 80's cars. More computer controls and less actuators, valves, pumps and other stuff to go wrong.

    Oil changes may be 150-200 dollars but for my mitsubushi changes are 70 dollars at the dealer.
     
  8. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
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    Neil
    I learned this lesson twice. My 98 540 {4 months old to me} cost me $10,000 so far. My 99 Audi A8 cost me $5,000 in 5 months.
     
  9. GrigioGuy

    GrigioGuy Splenda Daddy
    Lifetime Rossa Owner

    Nov 26, 2001
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    Snike Fingersmith
    Hmmm, another thought...

    The CHEAPEST Ferrari to own is a new 430 spyder, if you can get one at MSRP. Run it for 1000 miles and sell it for more than sticker. :)
     
  10. mark328

    mark328 Guest

    Jul 30, 2005
    664
    Mi
    Full Name:
    Mark
    Which "oldish" Ferrari is the cheapest to buy and maintain. There isn't a Ferrari dealer anywhere close to me but I know I can have it serviced in town.
    I sink a ton of cash into the 924 and 540 and can't imagine a Ferrari in good condition would be more expensive.

    No Ferrari is cheap to own they are very expensive for parts and labor. You will need a good Ferrari mechanic in your area not the mechanic at the corner gas station. I had a 328 and set aside over $2,000 per year for maintainance and insurance. On a 328 it cost $150.00 for an oil change, and don't forget the 5 year belt service of $4,900.00 minimum. If your a gambling man and go past the 5 years and the belt breaks you could be looking at about $18,000 for an engine rebuild. Prices on the 308 are compariable. For an older good condition 308 your looking at 30-35k and for a 328 in the neighborhood of 45k.
     

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