6 Things You Must Consider When Buying a Ferrari

If you know anything about cars then you know that Ferraris are among the kings of cars. They’re truly masterpieces. If you are obsessed with luxury cars, it’s only natural that it’s your heart’s desire to drive one of these.

Known for their use of race car technology, promotion of V12 engines in their earlier days and the right balance of luxury. The exclusivity of Ferrari’s makes them the dream cars of many.

Ferraris are definitely as good as Lamborghinis and any other high-end car you can think of but they are definitely in a class of their own.

Ready to own your first Ferrari?

Buying an exotic car is certainly exciting but don’t forget that there are many things that you must consider. Read on to learn six things to consider when buying a Ferrari.

A Brief History of Ferrari

Manufactured in Maranello, Italy these luxury cars came about in the 1950s. They were the brainchild of Enzo Ferrari. A former race driver and the creator of a motor racing team.

Enzo used this personal experience to fuel his commitment and desire to develop a car design. This would give birth to the beast that you know as a Ferrari. Ferarri’s are known for their unique design but it’s not the only thing that sets them apart.

Here are some unique facts about them:

  • Ferrari has never manufactured an SUV or sedan.
  • The Ferrari logo represents its racing team.
  • Ferrari’s Pista di Fiorano makes it the only car company with its own testing race track.
  • Ferrari’s race car technology makes its streetcars a cut above the rest.

As you can see there is a lot of history behind the luxury. If you are ready to be a part of the legend, here are some things to consider before you buy this car.

1. Buying a Ferrari Makes You a Part of a Community

Most Ferrari drivers are familiar with each other, when you buy one you’ll become a part of this community. A possible reason for this is the difficulty associated with finding garages and car dealerships specialized in catering to Ferraris.

Socially, Ferrari drivers also cleave together so you can expect to get invited to a few parties or social gatherings.

2. Consider Buying Them Used

If you can’t afford the price of a new car,  a luxury brand Ferraris can be bought used. Yes, you can still expect to spend big bucks on a used Ferrari but it’s relatively cheaper than buying a new one.

Expect to spend anywhere from around$70,000 to $1,000,000 for these supercars. Before you shell out the cash you may want to rent your favorite model and take it for a spin, so that you know exactly what to expect.

3. You’ll Still Have to Use Your Main Car

Owners of Ferraris will tell you that it’s not their main car and that they don’t drive it for more than 5,000 miles yearly. Before you buy one you need to forget about using your Ferrari as your main car as fun as that would be.

Insuring it for daily use is expensive and it’s not the kind of car that you want to make a family car.

4. You’ll Become Obsessed with Driving It

If you’ve got a need for speed then a Ferrari is for you. These cars are popular because of their powerful engines that offer excellent speed.

If you can only afford a low-end model, don’t fear, the low-end models are also known for their speed and power so get ready to have some fun.

5. Buying Gas Will Cost You

Like most enthusiasts, you probably love the V8 and V12 engines that Ferraris offer. Yet these are the very same engines that make them require a lot of gas.

Couple that with their large gas tanks and you’re looking at a small fortune. This is a part of the reason why it is not recommended that you make a Ferrari your main car.

6. Maintenance is Expensive

Both minor and major repairs tend to be expensive so be willing to spend. Once you become a Ferrari owner, you’ll become picky about where you get your car repaired and maintained. 

In fact, you will need to go to a Ferrari dealer to have it fixed and fixing it can get pricey. An oil change for a Ferrari can cost a few hundred dollars. You will normally need to do this at least once per year.

If something goes wrong with the transmission or the belt service you are looking at a few thousand dollars. The bottom line is that its pricey to maintain a Ferrari and there’s no way around it. If you can handle it though then you are ready to step into one of the finest rides you will ever own.

Walk Into Your Dreams

It’s understandable why a Ferrari is your dream car. However, there are a few things to consider when buying a Ferrari.

First, there is the cost of the actual car then you will need to think about whether or not you can afford to maintain a Ferrari. If you were thinking about using it as your main car, you now know that this is not the best idea.

That means that you will need to have the expense of another car in addition to the Ferrari. These are all practical tips that you must consider before you decide to own a Ferrari.

If you decide that it is right for you then you will be driving a high-end vehicle that others can only dream about. Take the time to enjoy it and remember to maintain it as much as you can so that it is always ready to hit the road whenever you are.

If you are ready to buy your dream car, do not hesitate to contact us. We are ready to help you choose the Ferrari that’s right for you!