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How many miles per year do you put on your Ferrari?

Discussion in '360/430' started by striker1, Jan 29, 2008.

  1. striker1

    striker1 Rookie

    Jan 26, 2008
    44
    San Diego County, CA
    When I purchased my F430 less than a week ago, I envisioned it being a car I would drive maybe a few thousand miles per year. But, the car is actually more fun to drive on an open road and, surprisingly, easier to drive in traffic, than I originally envisioned. Now I'm thinking that 5,000 miles per year is more likely.

    How many miles do others put on their Ferraris?

    For those who drive their car 5K or more miles per year, have you had any issues with the car?

    Any issues with the F1 tranny if driven in frequent traffic?

    Man I love this car! :)
     
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  3. Modenafan

    Modenafan F1 World Champ
    Lifetime Rossa Owner

    Dec 19, 2004
    11,916
    Moorpark
    Full Name:
    Jon
    Bought my CS in August '06 with 4,900 miles. It currently has 15,600 miles with no issues. The car gets stronger everyday. :)
     
  4. E60 M5

    E60 M5 Moderator
    Moderator Owner

    Jan 2, 2006
    6,779
    Wash DC area
    Full Name:
    Robert
    I have put 6k on my 360 in the first year of ownership. No commuter driving, I have gone to some shows that added the miles. No problems!!! I have also done some track events, so I have had to pay extra for that maintenance, more frequent oil change, brake flush and so on.

    Its a car, its meant to be driven!! Enjoy or the next owner will at your expense!


    Robert
     
  5. striker1

    striker1 Rookie

    Jan 26, 2008
    44
    San Diego County, CA
    That reminds me of one question I neglected to ask. In the past, I have also tracked many of my cars. Any issues with tracking an F430/F1?

    The only problems I have had with other cars in the past is brake wear and tear. The wear and tear itself does not bother me as long as, after taking the car on the track and returning to normal driving, the pads don't squeal like Ned Beatty (in Deliverance) and the rotors don't warp (like the mind of the Deliverance director). :)
     
  6. Patentman

    Patentman Formula Junior

    Jan 11, 2004
    516
    Boston/Delray Beach
    Full Name:
    Barry W. Chapin
    My 02 360 spider F1 is a daily driver so long as its not raining or wet - put 13K+ miles on it this past year with no problems. Probably will do about the same again this year unless I get a gallardo spider which I've been thinking about. Bought it used on ebay with 4.5K miles in Feb. 2007, it has 17K+ miles now. I keep up with the scheduled maintenance however and had the major belt/tensioner service done when I got the car. Other than that, did regular oil changes and went through a set of tires but car has been problem free for me. My driving style is fairly soft on the car for what it is capable of, but I usually get it up to 7-8K RPMS after warm up on most drives, but much of my driving is around town, some highway, and occasional trips to NY from Boston area and back. No track or street racing. I imagine the 430 would be just as reliable.

    Driving it this much however diminishes the wow factor a little bit for me, somtimes more than others. You sort of get used to it and at times it is just a car to get from here to there on some days (al be it a very nice car for that purpose). When daily driving it, I find I think about it as special for the first few minutes of the ride, but then my ADHD kicks in and other thoughts take over about other stuff in your life and you end up at your destination without thinking too much about the car or driving. On the other hand, after work on a summer evening or when a sunny Friday comes, you snap out of the day to day and blow off your afternoon appointments and drive the hell out of it. To log high miles it also helps to have friends with nice cars as well since you tend to caravan around and find places to go with your cars like golfing, beach, casino, etc. I have been neglecting my 98 Porsche 993 cab and only drove it a handful of times last year.
     
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  8. mgtr1990

    mgtr1990 Formula 3

    Mar 30, 2005
    1,580
    Naples Florida
    Full Name:
    Martin Graham
    I put about 3500 miles per year on my 360 spider mainly Sunday drives and the occasional drive to the office.
     
  9. E60 M5

    E60 M5 Moderator
    Moderator Owner

    Jan 2, 2006
    6,779
    Wash DC area
    Full Name:
    Robert

    No track worries, just the maintenance, brake flush, oil, gear box fluid change. I switched to the porterfield R4 pads after the oem's were spent. Nice brake pad, half the cost and very effective pad! Lots of things depend on how hard you drive the car and how often. Nice thing is you don't have a belt to worry about, but you should have the chain inspected after a while I would imagine. I know the Ferrari Challenge F430 see a minor rebuild every 2 races, vlave guides and so on.
    Really, no worries, just keep it on the pavement and have fun!!!!!!!!!!! I am sure in Race mode the shifts and the handeling would be awesome!!!!!!!!

    Robert
     
  10. RonnieF430Spider

    RonnieF430Spider Formula Junior

    Jan 25, 2006
    993
    Westlake Village, CA
    Full Name:
    Ronnie C
    New 07 F430 Spider...got it the end of December...my daily driver..my guess...15K per year....minimum!
     
  11. J2J

    J2J Formula Junior

    Jan 11, 2008
    271
    At what point does the mileage become "too high"? Meaning...would any of you consider a 360 with 50k miles? Price?
     
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  13. Nick_S

    Nick_S Rookie

    Mar 13, 2007
    10
    El Cajon, CA
    Full Name:
    Nick Spriggs
    I know it is hard to compare a 360 to a regular car, but I think at 50,000 miles you would be looking at a residual value about half of a 2,000 to 3,000 mile car based on the current asking prices for the 120 360 Modena's on autotrader.com. The low mileage cars have asking prices up to 179,900 for a 2004 with 3,005 miles whie the highest mileage car I could find has an asking price of 99,988 with 41,900 miles on a 1999 360 Modena. Assuming these cars were purchased for around 200,000 when new a 50% residual value at 8 years old with 50,000 miles is much better than the usual 50% residual value on a regular car at 3 years 36,000 miles. Factor in another 20,000 for maintenance and tires to get to 50,000 miles.

    I bought a 2004 360 Spider F1 in 2/07 with 7,500 miles for $180,000 and now I am up to 11,000 miles. I have 10 cars to choose from and the more I drive the 360 the more I think it would be a great daily driver.
     
  14. marksp

    marksp Formula Junior

    Jul 10, 2006
    737
    Redmond, WA
    ~ 1K miles/month, no issues.
     
  15. mksu19

    mksu19 Formula 3

    Jan 4, 2008
    1,816
    LAX / YVR / MNL
    Full Name:
    Capt. K. Banzon
    My greatest regret (during my past ownership of F-Cars) was that I didn't drive them enough. Whatever F-Car I get next, rest assured that it will be driven daily!
     
  16. Lio

    Lio Rookie

    Sep 15, 2006
    10
    Cambridge
    I'm now doing 1k miles a month and the car only gets better.

    As for residuals, the trend for low mileage cars is irrational and should be reversed. A correctly maintained high mileage car will have all its issues sorted out and will be running optimally for the next owner. There is a lot of rubber in the car - suspension, seals, hoses etc. Rubber is a natural product and needs to be exercised. If it sits static for years and is not regularly flexed it will dry out, harden or crack at the edges.

    I would rather buy a high mileage car with its renewable parts renewed than a low mileage car that is old and unused.
     
  17. lrattner

    lrattner Formula Junior

    Sep 15, 2004
    390
    Delray Beach, Fl
    Full Name:
    Dr. Lonnie Rattner
    My CS had 2600 miles on it when I bouight it in Nov, 2005 and it now has 8600. So I guess I am using it at a rate of 2500/yr.
     
  18. jim g

    jim g Formula Junior

    Jan 8, 2003
    882
    Waverly, Pa.
    Full Name:
    Jim Gress
    14000 miles first year on my first Ferrari, a 1999 360. My next 5 Fcars about 3000 per year. I just hated getting even the smallest blemish on them so driving in inclement weather was out. That only leaves room for about 3000/year here in Pennsylvania.
     
  19. Shark01

    Shark01 F1 Rookie

    Jun 25, 2005
    4,022
    Yeah, but you're not going to do it.......and what I mean by that is as long as there is a ton of 7-8 year old cars with less than 15k miles, the perception will continue.


    On how much a 50k mile car is worth, if I was presented a well cared for 2000 360 with 50k miles I think a price that would stand out for me is if it was in line with the next model down (355). So if a sale could be had at $75k, I'd be breaking my piggy bank. Otherwise I buy the car with 15k miles for $95k.
     
  20. hamdog

    hamdog Formula Junior

    Mar 21, 2005
    720
    Northern VA
    Full Name:
    Hamdog
    I do about 8K miles/year. Just keep in mind that Ferraris are by no means Hondas. If you drive the car 8-10k miles/year, you are bound to have more service costs than if you drove 2k/year. I've calculated about $1-1.10/M of service costs over that last 2 years on my 00 coupe.
     
  21. bwiele

    bwiele Formula Junior

    Mar 21, 2007
    255
    West Harrison, NY
    Full Name:
    Brian
    I bought my '02 360 in mid-March 2007 with 692 miles on it. The odometer just hit the 3k mark. I generally expected to drive it about 3k miles per year, I'm running a little under that, but in any case at this pace or even higher I will always have a "low mileage" car because I bought it at 4.5-yrs old with so few miles on it.
     
  22. fc2

    fc2 F1 Veteran
    Owner

    Nov 2, 2006
    5,136
    Silicon Valley Ca.
    Full Name:
    Frank C.
    Wow... Brian, where did you find a 5-year old car with only 692 miles on the speed-o. Quite a find!

    Frank
     
  23. bwiele

    bwiele Formula Junior

    Mar 21, 2007
    255
    West Harrison, NY
    Full Name:
    Brian
    Hey Frank - the car was actually owned by a co-worker of mine. He's a wealthy guy with a reasonably large car collection. This car happened to stay on his farm in MD (he lives in NYC) which he didn't get to very often. A mutual co-worker and friend pursuaded him to sell it so it wouldn't sit and waste away. That mutual friend knew I was waiting for the new Turbo Cab to be released, and he called me and insisted that I should take a serious look at this car at almost the exact price as the Turbo. I looked, I bought immediately. I had the fluids and belts done (which were techinically overdue based on time) and a seized tensioner bearing replaced, clear-bra applied to the whole front end, and the car has functioned flawlessly. Proof that it IS possible for a low-mileage car to work out.

    I bought a Capristo Level II late last year but haven't installed it yet. I'm going to get it done in early spring and do a full detail at the same time.

    Brian
     
  24. racerdj

    racerdj F1 Veteran
    Silver Subscribed Owner

    Jan 19, 2003
    6,846
    Indianapolis
    Full Name:
    DJS
    1500 miles/year
     
  25. jbdmd

    jbdmd Formula 3

    Sep 30, 2007
    1,142
    Phoenix
    Full Name:
    Doc Jay
    400 miles on my spider in the week I have owned. I think that is largely the "new toy effect". Plan is ~5k per year
     
  26. mksu19

    mksu19 Formula 3

    Jan 4, 2008
    1,816
    LAX / YVR / MNL
    Full Name:
    Capt. K. Banzon
    Veru true, they're like aircrafts that has to be serviced regularly. But, like I said before man, I dont let my cars dictate my life. I wont be a slave to my cars anymore. To each his/her own I guess.
     
  27. striker1

    striker1 Rookie

    Jan 26, 2008
    44
    San Diego County, CA
    Thanks all for your replies.

    I think 4-5K is probably where I will end up. If it will just stop raining...
     
  28. $$$=SPEED

    $$$=SPEED F1 Veteran

    Aug 18, 2004
    5,289
    Portland, Or. USA
    Full Name:
    Depends who's asking
    10k a year on the exotics. easy
     

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