FERRARI FOR SALE
6 THINGS TO KNOW BEFORE BUYING A FERRARI
So you’ve decided to step it up a notch from your daily driver? A vehicle to let you get away from reality and blast through the city and just focus on one thing – the road. But wait! Before you start looking into buying an exotic or luxury vehicle there are a few things you should know!
1) TAX & TITLE
The cost of ownership begins with tax, title and license fees. Plan on spending $15,000 - $20,000 before you even take the first drive.
2) INTEREST / COST OF CAPITAL
Financing a supercar isn’t cheap - and if you purchase the car outright, the cost of capital is even more because of tied-up cash. Figure at least $12,000 a year for this.
Coverage for a supercar is different than your daily driver. Realistically, expect to pay around $5,000 a year and be prepared for serious limitations in the policy.
4) VEHICLE MAINTENANCE
Annual service can run $5,000 and tires cost at least $2,000 for a set of four. Expect the unexpected, and don’t rely on it being covered under warranty. Allocate $2,500 per year at a minimum.
Like conventional cars, expect to see your prized possession lose 40-50% of its value over a three-year period. Even more for high mileage or if any Carfax issues are reported. Estimate $35,000 - $40,000 per year and you’ll be right on track.
6) TOTAL COST
In total if you are looking to get a vehicle like a Ferrari 488, Ferrari Portofino, or a Ferrari 812 Superfast you are looking to pay about $60,000-$80,000 a year for just one vehicle.
A BETTER OWNERSHIP ALTERNATIVE
SUPERCAR MEMBERSHIP MEMBERSHIPS
What if I told you that there was a new alternative that cost half of car ownership and with all the benefits and access to a whole collection of cars to drive? At Freedom Supercars you can drive more than most owners, you never have to worry about maintenance, you don’t have to purchase any special insurance, and you have a whole supercar collection at your finger tips to choose from so you can drive ALL the supercars, not just one!
It is a great stepping stone to see which car you really do like best, and all with only a one-year commitment!