What's the ownership cost experience of a Ferrari Howard so far?
Tend to think that dealers might use(assumed) rich owners as cash cows.
Hard to give you a realistic answer with my sense of valued firmly anchored in the 60s !
And being born in Gods Own County.
Insurance cost is high because the car value is high and you need agreed value cover. Road tax is high at £500. Service - well it depends on what extra they find. The basic annual service is about £800 but thats for the same change of oils etc that costs £250 on the family Merc.And if they find anything else, then the cost can easily get to 2k or 3k.
The first big cost trap for me is that the car has a 2 year Ferrari guarantee that is linked to dealer service so I cant use the indies yet. Yes I know about the EU rules but they dont cover the issue of full dealer service history and resale price, and Ferrari buyers are obsessive about condition / history / records in a way that I hadnt realised.
Which leaves the last cost trap - mileage. There is an owner called Aldous Voice who does a good service for all fellow owners with statistics on asking prices, trends etc. His data shows a 50% increase in asking price from mid 2013 ( beat that Morgan
) but also a delta on prices of £1 per mile recorded. Add in the 20% mark up that the dealers work on and I reckon that if I dont use the car at all but service it every 12 months, I might break even sometime in 2021! As long as the bubble doesnt burst of course.
See this. In financial terms its stupid. But the car is gorgeous and the performance is epic. Which is why racing versions of the same basic 430/458 design win at le Mans.
Last comment. Yes some of the owners are rich or at least successful self made businessmen with several Ferraris and a trophy wife. But at my end of the spectrum there are lots who scrape the money together to run a Ferrari and are every bit as obsessive / enthusiastic about the breed as Morgan owners are, if not more so.
Dont know whether that answers your question. Its in the same cost ballpark as an Aero. FWIW I am budgeting £5k pa but we shall see.
