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Originally Posted by RandallNeighbour
Phil, what's it like to own a Ferrari long term? Are maintenance costs really as high as everyone says?
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Obviously it depends on the model. The 360 is cheaper bcus they don't have to remove the engine to do the timing belt replacement every three years. The 355 and older mid-engine cars have to have the engine taken out. That is about a $5k service vs about $2k for the 360. The 430 and 458 have timing chains which do not have to be replaced. The 355 and newer cars have hydrolic valves which are automatically adjusted. those older V12s with valve adjustments and belt changes are more costly.
Maintenance expenses average about $5k a year including tires. This is more than a Porsche for maintenance. I have heard people say that since Fcars depreciate less than Pcars, the total cost of owning each is about the same long term.
Hope this helps.