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Can you afford to own a Ferrari?


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Just one example, but gotta love the detailed analysis of what it cost to own this beauty:

http://www.sportscarmarket.com/articles/archives/939

The warranty on 550 S/N 111317 ran out in March, 2000, at about 13,500 miles. Our subject 550 went to the third owner in September 2006 at 36,200 miles, so the total miles out of warranty was 22,700 miles, with a total spent of $65,760.50, or $2.90 a mile, right at $11,000 a year.

Bruce

2016 Cadillac ATS-V gray/black

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Sure...no problem. As soon as I get that money tree planted out back... :rolleyes:

Caddy info forums do not condone the use of or sale of drugs to afford vehicles :)

The Green's Machines

1998 Deville - high mileage, keeps on going, custom cat-back exhaust

2003 Seville - stock low mileage goodness!

2004 Grand Prix GTP CompG - Smaller supercharger pulley, Ported Exhaust Manifolds, Dyno tune, etc

1998 Firebird Formula - 408 LQ9 Stroker motor swap and all sorts of go fast stuff

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You can get a Z03 or Linfelter Corvette that you can drive and afford. In addition to almost $3 per mile in maintenance costs, there is the time the car spends in the shop, and the fact that much of this time is not planned. If you need a car at 7:00 AM every morning, you don't want an exotic.

My belief is that anyone can build a Ferrarri or Lamborghini. It takes real engineering to build a Corvette or 350Z or RX7 or whatever, that will go like jet stink every morning at 7:00 AM with a big-boy warranty and service. Of course, only the CTS-V and a few of its close relatives have Cadillac service; never underestimate the value of Cadillac dealers for your Cadillac.

CTS-V_LateralGs_6-2018_tiny.jpg
-- Click Here for CaddyInfo page on "How To" Read Your OBD Codes
-- Click Here for my personal page to download my OBD code list as an Excel file, plus other Cadillac data
-- See my CaddyInfo car blogs: 2011 CTS-V, 1997 ETC
Yes, I was Jims_97_ETC before I changed cars.

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Sure...no problem. As soon as I get that money tree planted out back... :rolleyes:

eprice,

We received a money tree during one of our pre-wedding parties. It was fantastic and we had a good laugh over it. A three foot tree in potted soil and $20s tied to each branch. It never did regrow those $20s once they were plucked. A real shame. lol

egreen,

The above is what he meant by a money tree. It's not a reference to a marijuana plant. Sheesh eprice, first it's porno now drugs. Does your wife know about this? LOL

Truth be told I would love to own a Ferrari. If someone offered me an even swap for my caddy.... well I might have to think about it for a millisecond. I went to school with a guy whose dad had one and the family loved it. Always a head turner and Ferrari always seems to be the benchmark no matter what the opinions are. Of course I'd have to have a second one (so I'm not left stranded) because if I can afford one then the other shouldn't be a problem to swing. And while we're here, I wouldn't mind having a Porche 911 either. What a brain rattling ride they have. Love it.

"Burns" rubber

" I've never considered myself to be all that conservative, but it seems the more liberal some people get the more conservative I become. "

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thats just my dry sense of humor :)

The Green's Machines

1998 Deville - high mileage, keeps on going, custom cat-back exhaust

2003 Seville - stock low mileage goodness!

2004 Grand Prix GTP CompG - Smaller supercharger pulley, Ported Exhaust Manifolds, Dyno tune, etc

1998 Firebird Formula - 408 LQ9 Stroker motor swap and all sorts of go fast stuff

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I would venture that some Ferraris are not exotics. All of the current models available in the USA except the FXX are probably quite usable as everyday cars. I would hope that none of the 4.3 l V8's or the 5.7 liter or 6.0 liter V12 in the coupes would be high-maintenance hangar queens.

I again remind you that you can have everthing these cars provide in terms of performance from a Z03 or Lingfelter Corvette.

CTS-V_LateralGs_6-2018_tiny.jpg
-- Click Here for CaddyInfo page on "How To" Read Your OBD Codes
-- Click Here for my personal page to download my OBD code list as an Excel file, plus other Cadillac data
-- See my CaddyInfo car blogs: 2011 CTS-V, 1997 ETC
Yes, I was Jims_97_ETC before I changed cars.

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Great article, Bruce!! Sheesh, that's a lot of maintenance for such little use.

"I spend more than that on crap on eBay every year."

Very classy and refined, sir. :rolleyes:

Mark

<!--fonto:Arial--><span style="font-family:Arial"><!--/fonto-->2007 DTS Performance - 50K

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As a matter of fact, I <i>am</i> driving 70 MPH in a phone booth.

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Can I afford one? Well shoot, funny you should ask Bruce. ;) I am in the processing of “acquiring” a 2000 Ferrari 360 Modena Spyder. It was one of those things I just couldn’t say no to. Here’s how it goes..This doctors group owes my wife’s company ~100k for services rendered, due and payable very soon. It seems they’re having a little trouble coming up with the entire amount, so to avoid penalties and interest, an offer has been made for 60,000 cash and the Ferrari for the balance. My wife’s business partner called me and said “Hey Bob!” “Want to split a Ferrari 360 Modena Spyder with me for 20 grand apiece??!!” The principal doc in this arrangement is the original owner of the Ferrari, 27k miles with all the service records and such in order.

The deal is we each kick in 20K, drive it for a month or two each then resell it for a tidy profit. Uh…How can I turn this one down? I checked with USAA (my insurance company), and the cost would be ~250 bucks a month for full coverage (the same as all my other cars). Since we’ll ultimately be making money on this little adventure, that cost is covered the way I see it.

You know, I gotta go for it.. :P

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'93 STS.. opened, dropped, wide...fast.

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That may happen…who knows? But look at it this way. We paid 40k for it. Easy,easy sell for 100, 000. That’s 60k profit. Take away ~500 bucks each for ins. and even 10k for a fault. We’re still splitting near 50,000. Not bad for a little fun, and a few Ferrari stories.. B)

Sounds fun, I just hope it does not need a $10K service visit.

'93 STS.. opened, dropped, wide...fast.

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bah, I'm waiting for pics of Bob in his new Ferrari. Especially if he can play with one for a while AND make a profit!

Bruce

2016 Cadillac ATS-V gray/black

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