High Mileage Ferraris

I drive mine. A lot. But not as much as some here. I have about 125K on two cars including many, many track miles, but there are many members here with that many on one.

Since you are concerned about depreciation and maintenance costs, the most constructive advice I can give you is, do not pay a premium for a low mileage car. For two reasons. First, a low mileage car will often have expensive hidden issues from not being driven, so if you want a car you can drive, you will likely run into more initial problems with the low mile garage queen than with a well enjoyed driver. So you will not only pay a premium on the purchase price, you are also likely to get hit with early repair bills to make it reliable for frequent use.

Second, once you have paid that premium for the low mile car, as soon as you start to drive it, the mileage increases and that premium evaporates faster than spilled 98 octane.

So, my advice, look for a car with higher - not extreme of course - mileage, save yourself 15 - 20% on the purchase price, have less risk of up front repairs, and have minimal depreciation as you enjoy the car for a few years.

That said, you didn't say what models you are looking at, so there may be more specific advice based on that info.

 

Take a look in the 360/430 & 308/328 sections especially for the frequent threads about high mileage cars

 

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Wow, is that the mileage on you 430?

 

A ferrari F50'with 60000 miles sold yesterday in Scottsdale for 1.1 Million yesterday for example

 

64K+ miles on mine.

Low mileage garage queens aren't exempt from the depreciation of the model. Your spending $100k on a perfect example, versus $65k on a beater. Both will depreciate as the model does, pushed down by the newer models. But the $$$ needs of both might be the same. IMHO go for the newest model you can. Unless you're planning on selling it in 24 months and "can't loose any money" (i.e. I can't afford to own a Ferrari), miles shouldn't matter. You'll get a nice discount on purchase price and won't have to worry about actually adding miles. If you do a paddle car, consider a 458.

 

This is my car....only 62K miles on it. Runs like a champ! Other is a friend's euro car. he was thinking it was high mileage but runs perfect for him. They do better when driven regularly! Image Unavailable, Please Login

 

I'm in MN so I choose not to drive in winter (end of Oct to Apr). I put on about 7500 miles a summer. Drive it every day unless they say hail or sever thunderstorms.

The cars were meant to drive. I also take it to the race track. I hate when people talk about how fast their Ferrari is and then say its never been tracked. Drive them, race them, enjoy them. Ferrari is an assume car. The more you fill up the tank them more you will enjoy your Ferrari!

 

68K miles on mine. I try to drive it at least 100 miles a month. Don't always make it as life has a way of interfering with fun.

However, I do notice that it runs much better after driving. Especially after a "spirited" drive.

Sid

 

55k here...will climb more this year after I get her back together!

 

48,000 here, I like the fact that a car is driven vs sitting. A car that sits will always have issues.

 

I have a little over 120,000 on mine.

 

I bought my 360 two years ago, and have put 5k miles on her each year since.

 

I wish I could drive mine 5000 per year. I live in a climate were I am lucky to get 7 months of driving out of it. Our winters are harsh.

Maintenance history is more important to me than mileage.

 

I've had mine for over 42 years.
It has well over 184,000 miles and now that I live in South Carolina, I drive it regularly.
When I lived in upstate NY (salty winters) I didn't drive it much.
Bob Z.

 

My old Scud
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At 80k did it drive almost the same as new ?

 

Believe me, it did! I sold this car with 83 000km on the clock and until the end it didn't used a single drop of oil! Every spring I drained absolutely the same amount of oil, that I have put in the previous spring. And I always like to drive my Ferraris as they deserve . Engine was running like a clock and the gearbox worked flawlessly...also no check engine lights or any other issues... the most reliable exotic I ever had.

 

People who put miles on there Ferrar's are having much more fun than looking at them in the garage!

 

I have always read to buy a car that had been driven if you were going to drive one. But I also wonder at what point is more the the major and fluid change maintainance. Especially on the 2010 and up cars that have CCB standard and DCT that supposedly never need a clutch replacement.

I have heard the CCB rotors need to be replaced around 120k miles so let's say you pick up a car with 35k on the clock and you average 5k a year then your looking at brake rotors in 15+ years. Of course that reduces should you track the car or god forbid chip one.

But what about variators on these newer cars. The highest example of California I have see was approaching 90k miles. I wonder if why it was for sale was because maintainance was becoming and issue or a lot of "big" repairs were needed.

Personally I have been looking at cars 25k miles and up but nothing over 45k miles. This way if something needed attention, likely it has been addressed and should show up on a maintainance record. But I do wonder what major work would be required the higher the miles get, since I don't plan to sell unless I can't drive anymore.

 

A guy in our club has (people here know who he is)

300,000+ on 328
200,000 on 355
150,000 on 430

So yeah, people can and do drive em if you so choose.

I put 10,000+ in my first year alone.

 

My rotors were worn on 70 000km, but it really depends how hard the car has been driven during his life. When I was looking for a 458, there was one with 82 000km and the front brakes had 8% wear (92 still remaining). The dealer said that they have never been replaced, but the car had only 1 owner, who was an old guy, that was using it for a daily driver.

However, changing the brake rotors/pads or the clutch on the older cars is not the end of the world, so this shouldn't worry you a so much. I changed both on my Scud and then enjoyed the hell out of it until I sold it.

As for the fluids - changing ALL fluids on the car every spring will not harm your budget in any way I think.

 

I'm more concerned with more major mechanical issues at 100k+ but haven't seen much info on that on more modern Ferraris. Changing / flushing fluids Is pretty much nothing. As far as CCB components I figure the safe bet is to know where your at to in the beginning and start budgeting for replacement / buying parts out of the gate. I'm not overly concerned with fast increased wear since I will never track the car and don't intend to drive the car "like I stole it" though I'll have some aggressive acceleration.

Thanks for the reply, it does appear that the more modern the car the more maintainance friendly it is.

 

I put about 8000 miles per year on my 612 (I'd put more but I'm in the Northeast). Maintenance costs are quite reasonable. You can find 612's and 599's in your price range.

If you're not going to sell the car, depreciation is not a consideration.