How much does owning your ferrari cost you?

Let's say you buy a 328 (perhaps the cheapest to own).
For argument, we'll say it is cherry with 20K on it and you paid 50K.
Drive 6K miles a year for 5 years. Here is the therotical breakdown:

Loss of income from 50K @ 4%/year: 10K
Inusrance: 1200/yr 6K
Gas $2/gallon 20MPG 3K
Anual oil changes (2) DIY w/synthetc .5K
15K service 2K
30K service 4K
Misc repairs, maintenance tires, etc. 5K
1 clutch (almost a definite) 1.5K
Mileage deduction (car with 50K worth 38K) 12K
Total 44K
1.46/mile. 8800/year.
If you drive less, as most people do, cost per mile goes up, anual cost goes down.

Some things are best left not calculated!

Dave

 

88 TR. Bought new drove 140K miles over 10 years. $2.50 per mile.

 

1.00 per mile? i think im going to go out and rip my odometer out of the car , then its FREE !???
or block it up and put it in reverse like ferris beuller did with his....

 

Man, if I added that up right you spent (including purchase price) almost
a half million dollars on that !!!! holy moly. I hope you drove the wheels off of it ! But at 140k miles it looks like you did

 

I thought I would share my 308 cost to operate expenses so far this year.

This should help people who are looking at getting into ferraris,
and since my car is considered a very good example and maintained flawlessly this will serve as a reference point as to what the cost of ownership is really like for this cars.

(Granted alot of this is nit picky stuff and optional but I like to maint the car to the highest degree, but on the other hand alot of it wasn't optional)


$600.00 Insurance (Hagerty premium with extra towing)
$50.00 Tag
$100.00
PPI- (post receiveing the car, I had a PPI prior to purchase, but
after the car arrived here I took it to my mechanic
to have him go over the car and fix any potential problems as
preventive maint)
$400.00 Gas for 20 weeks @ $20 a week
$150.00 2 oil chages (2x10 filters, 2x45.00 oil, 2x20 labor)
$80.00 Gear oil change (Redline) 6x10.00 quart, 10.00 shipping, 10.00 labor)

_________Total for reg. fluid and maint and direct operating cost_____
$1380.00
__________________________________________________ _____________
(Cosmetic upgrades and maint)
$25 Wheel cap
$50.00 Targa cover fasteners (2x25)
$60.00 Stainless covered brakelines
$20.00 Gas fill neck rubber mat
$120.00 Floormats
$110.00 Roof/doors rubber trim
$150.00 Repaint exhaust heat cover
$50.00 leatherique rejuv oil/cleaner
$50.00 leatherique dye
$100.00 waxes/polishes/microfiber towels/window cleaner/rubber cond., etc.
$125.00 Replace one cracked tailight
$40.00 Car show fee
________total for cosmetic upkeep__________
$950.00
__________________________________________________ _________

Repairs/fixes
$140.00 Frayed Accelerator cable (60.00 cable, 80.00 labor)
$200.00 Frayed Clutch cable (120.00 cable, 80.00 labor)
$300.00 Cracked distributor cap ($285.00 cap, $15.00 labor)
$150.00 Replace cam cover gasket (100.00 kit, 50.00 labor) I overfilled oil
$20.00 Check fuel pressure leakage, adjust idle(was found to be ok
_______total for needed repairs/fixes_______________
$810.00
__________________________________________________ _____________

Grand total for 5 months of 308 operating and repairing cost.........

$3140.00

Keep in mind that this is my first 6 months owning this car, and some of the items are one time cost to upgrade the car to mint condition.
THANKFUL that is almost complete !!
__________________________________________________ _______________
As you can see even 308's are NOT cheap to own !! If my car was not a good conditoned car to start with, my wife would have me sleeping in it !!!

The miles driven during these 5 months is 2,800 miles (I thought it was more, I'm not driving as much as I thought)

$3140.00/2800 miles = $1.12 per mile

So the $1.00 a mile is about spot on,
if you subtract for the unecess upgrade/cosmetic items.

 

Cost less sale,fuel, maint., insurance, EVERYTHING $2.5 per mile.

 

So far, 'bout 4 years, my 328 has cost me $2/mile

 

Jim, out of curiosity, how much does a TR with 140K miles go for?

 

I suppose I spend an average of $2500 a year to drive my BB512i 5000km or so a year. Most of that goes to the major service every 5 years.

 

22K rusted chassis and all.

 

You are scaring me, guys, with repair costs!

01 SL500, 02 C320, and an 03 CL500-total expenditures in 3 years= $456.00!

That 997 S Cabrio is looking better all the time!

I would have to say that if a Ferrari is a requirement for a trophy wife, there is a big problem!

So, the question is really who did get the trophy in that scenario.

And, come to think of it, I believe I saw that movie as well! I don't recall any trophy!

Are we talking horse races here?

 

The cost of the cars is minimal.............The 348 has been around 15 years. I've done 3 majors.....2 myself. Most other work I do, so the costs aren't too bad. The F40, TR, 308 and Mondial t cab are about the same.

The real cost was the wife that hung around for 3 years(no kids) and stole $500k as a parting gift! I'll buy more exotics...but rent the females!

 

This is why God invented hit men!

 

We got our second car (360) in Jan. of 2005 and it now has over 20,000 miles on it. We take it to the store, work, clients, pick up the boy from school. Its a car that is ment to be driven and enjoyed. Does everything else really matter as long as you are having fun? The only time we do not drive it is if it's raining and we live in southern CA so we do not get much of that at all.

 

I think you'll fit in nicely here.

C.

 

Why calculate? Why scare yourself?
I have 512TR and 328GTS and I don't keep count of its costs of maintenance and repair as I do not wanna know.
I just love looking at them and enjoy every minute in them. Period!

 

werd

 

Annual license registration ~$800
Annual six month insurance with State Farm $750
Maintenance (because the previous materialistic "saving it for the next owner" idiots didn't drive it) .50-$1.00/mile
gasoline, based on 16mpg and $2.15/gallon (you can do the math)

First speeding ticket in seven years: $220

My first year cost $150,000; purchase, shipment, $7,000 sales tax, all of the above, etc

 

um......

 

Dude, you're gettin' ripped off. Move to Canada.

 

or Wyoming

 

..You're the man!!!!!

 

"wyo" thank you Bernardo. That "wyo"'s very nice of you to say

 

"wyo" 'nt they ban this guy?

 

Don't know. "wyo" don't we return to the "secret thread" and ask this question.