How Much Does a Ferrari Really Cost? (and 3 Signs It’s Time to Pull the Trig-ger)
Whenever you come across a luxury car, you can’t help but stop and stare. Not only are luxury cars a rarity, but they’re gratifying to admire — even from afar. So when you hear the name “Ferrari,” you automatically picture the iconic red vehicle with the famous prancing horse logo imprinted on the bonnet speeding by on the highway.
Though it needs no introduction, Ferrari is easily the most famous car to date. With hundreds of different colors, styles, and customization possibilities, Ferrari vehicles are consistently unique, while still maintaining their classic, timeless look.
It’s a common dream for many to own a Ferrari, but many people think buying one is completely out of the question. After all, with so many different varieties in the luxury field, how can you possibly choose one?
Fortunately, we’re here to help solve your dilemma. The benefits of owning a Ferrari are just as expansive as the car is stunning. And while many people might consider Ferrari out of their price range, you might be surprised to know how much it costs to own and operate a Ferrari vehicle.
Of course, researching all this information would take hours, maybe even days. But that’s where we come in — we’ve done all the research for you. Here’s what you need to know about Ferrari price, as well as the considerable benefits of owning one.
What to Know About Ferrari Price
Perhaps the first thing people envision when they see a Ferrari is dollar signs. A Ferrari is a luxury car, and most luxury cars average between $50,000 to $100,000, occasionally dipping into the millions. So this is no small purchase, and it does require a considerable amount of thought before even looking into purchasing one.
That being said, let’s analyze the real cost of a Ferrari.
Ferraris are practically considered rolling works of art, and with that status comes a high price tag, with the cheapest model starting at $200,000. That doesn’t even include the additional options most car enthusiasts tack on to the vehicle. Since Ferrari owners can customize their cars in an infinite number of ways, that leaves infinite possibilities for the total Ferrari price.
With over 10,000 existing models of the vehicle, the price of a Ferrari is never constant. For the sake of this article, we’ll make it simple and focus on an affordable, mid-range, and expensive Ferrari car.
Budget Option: Ferrari Roma ($222,620)
We know calling a $222,620 vehicle is hardly a “budget” option, but compared to the more expensive Ferrari’s, the Ferrari Roma is one of the most affordable.
Equipped with a twin-turbo 3.9-liter V8 engine, the Roma is a four-passenger grand touring vehicle that’s specifically engineered for the average daily driver. While it still contains the elegant and artistic style of traditional Ferraris, the Roma is a modern classic.
And unlike most Ferrari’s, the name holds meaning. Jack Rix, a publisher for Top Gear Magazine, writes, “It means Rome. Obviously. But Ferrari’s decision wasn’t just so they could impress journalists with a swanky launch event in Italy’s capital.”
Rix continues, “No, they chose it because ‘its signature Italian styling is a contemporary reinterpretation of the carefree lifestyle of the 1950s and ‘60s Rome’. Hence, the strapline plastered all over the launch event: ‘La Nuova Dolce Vita.’”
Though the Roma is considered an “entry-level” Ferrari vehicle, it still has all the bells and whistles that make a Ferrari … well, a Ferrari. Boasting 612-horsepower and an eight-speed dual-clutch transmission, the Roma can reach 60 mph in around 3 seconds.
From wheels to interior upholstery, the Roma can be customized to the owner’s liking. Of course, if you’re condemned about price, this personalization will add to the cost of the vehicle.
Mid-Range Option: Ferrari 812 GTS ($404,494)
Though the Ferrari 812 Superfast was dropped from Ferrari’s line, the 812 GTS model is still available for sale. Considered a moving museum piece, the scintillating looks and incredibly powerful engine are enough to justify the price alone.
Faster than the Ferrari Roma, the 812 GTS reaches 60 mph in just 2.8 seconds, making this model less of a daily driver and more of a joy ride. Being the convertible version of the 812 Superfast, car enthusiasts can enjoy the sensation of speed with the top up or down.
The ability to customize this vehicle is just as expansive as the Roma, but with the addition of a higher price tag. Including all the extra accouterments, the 812 GTS can quickly reach the half-a-million price point.
Like the 812 Superfast, the GTS is equipped with a 6.5-liter V12 engine and packs a 789 horsepower. As the most powerful model in its class, the 812 GTS has a seven-speed dual-clutch transmission for adaptive and precise shifting and immediate throttle response.
Undoubtedly one of the most powerful cars Ferrari has ever built, the 812 GTS is the “first series-production front-engined V12-powered Spider that the marque has produced in half a century,” according to CarBuzz. This doesn’t make it an ideal option for the casual driver …
But if you’re looking for a thrill ride in gorgeous packaging, this is the Ferrari for you.
Expensive Option: Ferrari Daytona SP3 ($2.3 Million)
Now we’ve reached the expensive end of the spectrum. The Daytona SP3 — the newest Ferrari release — is the most expensive model of the brand you can purchase today. And with less than 600 examples sold, that also makes it the most exclusive.
Packed with the same V12 engine from the 812 GTS, the Daytona SP3 is a high-powered vehicle whose design is a tribute to the 1960s and early ‘70s classics. Described by Ferrari as “classically inspired, sheer modernity,” the Daytona SP3 was not solely developed with speed as the aim. Rather, Ferrari themselves state that the SP3 is more design-driven.
Chief Design Officer Flavio Manzoni tells all at a preview event in Florence. “I think this is the best car I’ve ever been involved with. It’s a futuristic interpretation of a classic sports prototype, and a perfect showcase for what the team at Ferrari Centro Stile can do.”
The SP3 certainly pays homage to its past forms, but Manzoni wants car enthusiasts to view the vehicle with a visionary approach. Furthermore, such praise justifies the car’s massive price of $2.3 million. The exclusivity of the vehicle might make it difficult to purchase, and the Ferrari price tag is only expected to go up.
And finally, real quick — three signs it’s time to pick up a Ferrari of your own:
1. Making an Investment
While driving a Ferrari is an experience like no other, there’s more to know than just operating the vehicle. Many cars experience a decrease in value over time. However, Ferrari vehicles are an exception to this rule. In many cases, it’s often the opposite. Classic Ferrari models still accumulate millions at global auctions. Even the most recent models have proved their ability to retain value as the year’s pass.
Since Ferrari allows extensive customization of their vehicles, this adds to their exclusivity. In other words, you could potentially own a Ferrari that no one else has — a privilege worth boasting about.
When it comes to the cost itself, it’s more affordable to lease the vehicle. Not only does this eliminate the burden of sales tax, but you’re strictly paying for the duration and mileage allotment you plan to use. This makes operating a Ferrari much more attainable.
2. The Consistently Reliable and Powerful Engine
Throughout the thousands of models Ferrari has produced, one aspect stays the same: the incredible power of their engines. For avid car enthusiasts, this characteristic is enough to motivate them to purchase a Ferrari.
Being luxury vehicles, Ferraris do occasionally require careful maintenance. But thanks to the reliability of their engines, you shouldn’t have to worry about spending too much on high-priced repairs.
Keeping that in mind, it’s important to remember that not every Ferrari is built for everyday use. Choosing a Ferrari isn’t just about the price tag; it’s also about considering your lifestyle. Ferraris are indeed built with high-quality materials that are designed to handle the rigors of everyday use — but as we’ve pointed out in this article, not all Ferraris are the same.
For example, a Ferrari Daytona SP3 can’t exactly handle big grocery store trips or pick up the kids from school. If you’re looking to buy a Ferrari, make sure you’ve picked the right one according to your lifestyle. That way, you can enjoy it to the fullest extent.
3. The Thrill of the Ride Keeps Calling …
Now, we’ve come to the real reason why so many buy a Ferrari: ownership.
The only thing better than driving a Ferrari? Owning one. Regardless of whichever model you choose to purchase, you’re guaranteed to attract double-takes as you cruise down the big-city highways. Setting up your ownership in a Montana LLC can save you on salex tax.
The sheer pride and joy that comes with knowing your Ferrari is yours to enjoy are unmatched. For a luxury car enthusiast, the dream is to move around luxury exclusive circles, and owning a luxury car is the first step toward achieving this.
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