Can You Afford To Drive A Ferrari? - 986 Forum - The Community for Porsche Boxster & Cayman Owners

eightsandaces · 03-31-2009, 01:24 PM

Quote:

Originally Posted by mylamb

That article was not surprising. I have read in numerous magazines that the maint. on the 12 cylinder Ferraris is through the roof - makes the 8 cylinders seem like bargains. They pretty much shoot down the notion of purchasing a 456GT.

Still, I can remember shooting the sh#@ with one of the salesmen at Luxury Motors about 360 Modenas, and he said the first major service (12 mos) is $8000. I don't know if he was pulling that from his rear or what, but that seems a little ridiculous.

I believe it, worked with a cardiologist who owned a Ferrari, they are rich men's toys. I only wish I had trained to service such vehicles, if you are a cracker jack Ferrari wrench, you're going to do fine in life...

Perfectlap · 03-31-2009, 02:15 PM

I remember when they wouldn't sell you Ferrari even if you had the cash. They put you on a first time Ferrari buyer waiting list that was years long. if you wanted to buy within a year you had to pony up enough to buy BMW. More millionaires in America than Ferraris to go around. All this was great for used Ferrari auto sales.

ah..... it was only 18 months ago...

eightsandaces · 03-31-2009, 03:50 PM

Quote:

Originally Posted by Perfectlap

I remember when they wouldn't sell you Ferrari even if you had the cash. They put you on a first time Ferrari buyer waiting list that was years long. if you wanted to buy within a year you had to pony up enough to buy BMW. More millionaires in America than Ferraris to go around. All this was great for used Ferrari auto sales.

ah..... it was only 18 months ago...

Old man Ferrari wouldn't sell you a car if he didn't like you, I love that...

roadracer311 · 03-31-2009, 10:11 PM

I've been keeping an eye on the used Ferrari market nearly every day for the last 6 months. I probably won't buy one any time soon, but if I do, it would be an F355 or a good old Testa Rossa. I've seen decent TR's for $50k to $60k recently, and a fully serviced F355 seems to be around $65k.

Reading the article about the cost of ownership, all I could think was how you could reduce most of the repair costs by a factor of 10 if you did all the labor yourself.

I'll probably hold off on Ferrari ownership until I have a garage with a lift in it. Once I have the ability to do my own engine-out service, I think I'll be all out of excuses not to do it.

I wouldn't sell the Boxster if I bought a Ferrari. I'd have to have something to use to bring home groceries.

944boy · 03-31-2009, 10:34 PM

I know a guy who came into some money and ended up buying two Ferrari's. One 87 Testarossa and a 308? He has done his own work because he has a machine shop, has been rebuilding cars for years and knows how to get a hold of wiring diagrams and such. I would be the nutjob who would buy a 360 and work on it himself. I want to rebuild a Porsche flat-6 just for fun.

cvhs18472 · 04-01-2009, 03:40 AM

I had to sell my 64 MGB of 25 years to be able to afford the Boxster. The car was well sorted out and the fastest B around, pull handle or not. Headwork, suspension, trans, cooling system, etc.. I probably put as much yearly money into this car as I have the Boxster and still couldn't really trust it to go cross country. I did put on over 200K on the car in 25 years so I did use it, but it was a different kind of car than the Boxster. I have never regreted selling it but I am saving up for a TD. There is a reason they call our cars modern. Ed

eightsandaces · 04-01-2009, 02:20 PM

Quote:

Originally Posted by roadracer311

I've been keeping an eye on the used Ferrari market nearly every day for the last 6 months. I probably won't buy one any time soon, but if I do, it would be an F355 or a good old Testa Rossa. I've seen decent TR's for $50k to $60k recently, and a fully serviced F355 seems to be around $65k.

Reading the article about the cost of ownership, all I could think was how you could reduce most of the repair costs by a factor of 10 if you did all the labor yourself.

I'll probably hold off on Ferrari ownership until I have a garage with a lift in it. Once I have the ability to do my own engine-out service, I think I'll be all out of excuses not to do it.

I wouldn't sell the Boxster if I bought a Ferrari. I'd have to have something to use to bring home groceries.

TR is one of the Ferrari models requiring engine out freshening although I don't recall the intervals. As for DIY Ferrari repair, with a 500.00 washer tank the parts would still be a kick in the ass.

billybill · 04-02-2009, 05:45 AM

My sisters father in-law has a ferrari 360. He said oil changes cost $1500!!! That's insane. I think I would learn to do it myself. Can't be that difficult.

LoveBunny · 04-02-2009, 05:21 PM

I seem to recall my dad telling me that a Ferrari mechanic he knows told him to allow a good $10k/year or so for the maintenance on one. I'd love to own one. In fact, it's probably my biggest life goal. I just don't know if realistically I ever could. I make good money but not THAT good. When I bought my Boxster I gave a quick thought to keeping my Lexus as a daily driver and instead of buying a new Boxster buying a used Ferrari for the same amount of money. I just think it would be too much even though both cars might cost about the same to buy.