What the unexpected cost of running my 355 for 6 years have been | FerrariChat

What the unexpected cost of running my 355 for 6 years have been

Discussion in '348/355' started by johnk..., Sep 21, 2018.

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  1. johnk...

    johnk... F1 World Champ
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    Jun 11, 2004
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    John Kreskovsky
    I though I would sit down and add up the unexpected costs of keeping my 355 running since I got it, 6 driving seasons ago. I am not including routine maintenance like annual oil changes which run me about $100 for oil and filter, that I put a new set of tires on it, or some of the little things I've done which were unnecessary to keep it running right. These include things like a new leather strap to hold the tool kit in the trunk, the motor for the recirculation flap, some material I bought to make skid plates, and a few other little things, none of which were required for safety or proper running.

    So here it is:

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    That's what it would have been necessary to spend to keep the car running correctly. And I think the 5-8 O2 sensor was unnecessary but I replaced it along with the MAF just to be sure. An annual average of $328, less than the annual cost of gas for the car. I have a major coming up in a year or two or three, but that's a separate issue.
     
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  2. Dave rocks

    Dave rocks F1 World Champ
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    Good post, John but you are light on this estimate ;)

    And, I agree - my car has cost me more for insurance than to run it.
     
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  3. fdekeu

    fdekeu Formula Junior
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    So 10yrs between majors?
     
  4. jjtjr

    jjtjr Formula Junior

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    john truskowski
    Or 10,000 miles. Whichever comes first;)
     
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  5. johnk...

    johnk... F1 World Champ
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    Want to see the receipts? $37 for the filter, a couple of buck for copper washers, and about $60 for the oil and then I but the oil when they had a rebate of $10/5quatrs. So, yes, under $100 for a DIY oil change. And no, I don't change gear oil every 2 years because it's a Ferrari. But if I did it would only push the cost to about $120.
     
  6. Dave rocks

    Dave rocks F1 World Champ
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    #6 Dave rocks, Sep 21, 2018
    Last edited: Sep 21, 2018
    Oil is $85ish for 9 quarts ;)
     
  7. johnk...

    johnk... F1 World Champ
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    Jun 11, 2004
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    First major was after 7 years at 9808 miles, 2002, Ferrari of Dallas. 2nd major in 2006 at 14389 by Boardwalk Ferrari. That's 4 years. 3d major at 19200 miles in 2103, with hears by Steve Maxwell, another 7 years. I can't see doing it any sooner that 7yrs/15k miles unless something I can't fix breaks. Not to mention I don't track my car, I seldom have it over 5000 rpm, and I'm not paranoid.
     
  8. johnk...

    johnk... F1 World Champ
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    Jun 11, 2004
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    Where and what you buy.:)

    I use what was recommended to me, Rotella 5w/40 full synthetic. 10 quarts for$58 less $20 rebate,$38. And if you are willing to go to 0w/40 you can get the Pennzoil Platinum Euro after rebate for $18 for a 5 quart container. Just bought two 5 quart containers in for $56, less $20 rebate in May for by Cayman.. That's what Porsche recommends. Check the viscosity of the 0/40 compared to 5/40 and you will find the only temperature it is lower is at 40*C, and at that temp it is still a lot higher viscosity that at operating temps. Comparing the Pennzoil 0/40 to 5/40 both are recommended by MB, VW, Porsche and Fiat under the same specs. But only 5/40 is recommended by Ferrari and Maserati (because they want the little horse on the bottle?). When you compare the specs of the oil, they are almost identical except of the viscosity at 40*C, 5/40, 80.8cSt, 0/40 72.2 cSt. At 100*C 5/40 is 13.3, 0/40 is 13.0. I see no reason Pennzoil 0w/30 could not be used in a 355.
     
  9. johnk...

    johnk... F1 World Champ
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    Obvious typo. Should be 0w/40.
     
  10. phrogs

    phrogs F1 Veteran
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    Apr 13, 2004
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    Yep, my tags and insurance have cost me the most. I hate Michigan for this reason.
     
  11. Ferrarium

    Ferrarium F1 Veteran
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    Jul 28, 2018
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    Eric
    It nice to see a post where someone does not calculate depreciation, tires, insurance, gas, brakes, service, opportunity cost of needing another car to prevent miles on the ferrari, cost of portion of the house for storage, cost to detail, cost of octane booster, cost to redo the seats etc etc and claiming 15K a year to drive.

    Frankly if you play the depreciation game a bmw will cost WAY more my 348 was 110K new and is worth 70K 30 years later, bmw's 4 series shed 40K off the price in 4 years. Over the life of the car they likely cost less than 100K range rovers you cant give away 20 years later.

    Anyhow nice post. I get annoyed at the I am so amazing it costs me 30K a year to run my ferrari so don't buy one cause you cant afford it type posts. :rolleyes:
     
  12. johnk...

    johnk... F1 World Champ
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    To get right down to it I probably could have omitted the cats because I knew when I bought the car one of the original cats was hollow and it might not pass a sniff test. So that could reasonably have been considered part of the purchase price. Also, the ignition module was replaced because I was loosing 1-4 intermittently. Turned out to be a broken wire to the crank sensor so I really didn't need the module.

    I also hate the guys who report excessive costs for majors only to find out that it includes stuff like tires, battery, brake pads, repainting the bumper, refinishing sticky parts, new dash leather etc. Next thing you know you'll see a nut and bolt restoration (see Bradan thread) referred to as a major. :)
     
  13. Dave rocks

    Dave rocks F1 World Champ
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    Well, sorting costs are relevant, John. Regardless, these cars cost far less to run than most think.
     
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  14. fdekeu

    fdekeu Formula Junior
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    My last major was 2005, only 7500kms according to the PO
    Just back from Spa Francorchamps F1 track last Monday
    Those belts are bulletproof
    I'm not paranoid either
     
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  15. spider348

    spider348 Formula 3

    Nov 3, 2003
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    Belts are bulletproof. Cam drive bearings and tensioner bearings are not!
    I agree with John regarding service intervals. My drive style is similar. 5~7 years for a major. Fluids I do yearly.
     
  16. Cauf61

    Cauf61 Formula Junior

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    I replaced my tensioners with Hill Engineering ones last winter. This is for me the critical part.
    A belt last very very long. In VW GOLF GTD diesels (i know they don't rev 7500rpm !) they last 110.000 km's !!
     
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  17. fatbillybob

    fatbillybob Two Time F1 World Champ
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    0.04 cents/mile! So everyone should drive a 355 economy Ferrari instead of a Yaris!
     
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  18. AceMaster

    AceMaster Three Time F1 World Champ

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    How many miles have you on it?
     
  19. johnk...

    johnk... F1 World Champ
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    Assuming that question is directed tome, going on 28k miles.
     
  20. AceMaster

    AceMaster Three Time F1 World Champ

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    It was.

    Providing cost over 6 years without disclosing the amount if miles racked up is pointless....ie I can list cost of ownership over 10 years at $0 yet only drive 100 miles (10 miles per year)....that's a crappy hypothetical but I'm sure you get what I mean.
     
  21. johnk...

    johnk... F1 World Champ
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    Agreed. But look a little closer. It say right in my little chart, in bold red type, that it is over 6 years and 8000 miles. :)
     
  22. AceMaster

    AceMaster Three Time F1 World Champ

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    My bad ;)
     
  23. AceMaster

    AceMaster Three Time F1 World Champ

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    If you take away the cats, it cost virtually nothing....but then again if the Queen had balls she'd be the King lol
     
  24. tbakowsky

    tbakowsky Two Time F1 World Champ
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    #24 tbakowsky, Sep 23, 2018
    Last edited: Sep 23, 2018
    So you have had the car for 6 years, but have only put 8k miles on it. That is 1300 miles per year. I walk further then that per year. That is less then 2 oil changes of you follow the book by milage not time.

    Let's look at this another way. Your car has cost you almost $2000 between oil changes. That's a lot of money.
     
  25. Dave rocks

    Dave rocks F1 World Champ
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    I've had mine the same number of seasons and have done 5500. So what? I have more than 1 car to enjoy. :)
     
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