Is Buying a Ferrari a Good Investment? (2024)

FAQs

Is Ferrari a good investment? ›

Ferraris are unique in the automotive industry for their ability to hold their value over time and, in some cases, appreciate in value. However, it is not always a good investment. Many Ferrari owners tell tales of making large amounts of money from buying a Ferrari but these cases are few and far between.

A Ferrari's price depends on many things, most notably their scarcity and the number of models produced. Retail prices are one thing, but many Ferraris appreciate in value over time, and typically go for significantly above their retail price when they end up at auction.

Average Ferrari owners make about $500,000 annually and have a net worth of $5 million. Considering the number of people who buy Ferraris when they really shouldn't, you should treat the average as more of a minimum. So if you aren't worth at least 5 million and making half a million every year, don't get a Ferrari.

While it can vary based on model and year, generally, the average yearly Ferrari maintenance costs range between $1,500 and $2,000. For specifics on your vehicle, reach out to our service team for a consultation.

The average age of a Ferrari customer in North America is 47 (in China it's closer to 32); 45 percent of them are entrepreneurs, and 45 percent have a PhD or an MBA. “We don't advertising, we don't do PR,” Mattiacci says.

Even for its standard cars, Ferrari will often demand to see a history of ownership before allowing customers to buy a new one. If you've never owned a Ferrari, you've got a slim chance of walking off the forecourt with a new one, while many dealers won't take any buyer under the age of 40 seriously.

Ferrari stock has received a consensus rating of buy. The average rating score is and is based on 11 buy ratings, 3 hold ratings, and 1 sell ratings.

To own one of these Italian masterpieces you have to undergo and pass a rigorous background check. Ferrari wants to ensure that only the right people have the privilege of driving their cars, so to do this they take a deep dive into the life of any potential owner just to make sure that they fit their specific profile.

Ferrari is getting ready to burnish its performance heritage with battery- electric power. The brand says electric and hybrid models will make up 80 percent of its sales by 2030. Electric vehicle: The brand's first battery-electric vehicle, which Ferrari said it will unveil in 2025, could debut in the U.S. 2026.

A 740+ credit score.

Some lenders specify that a FICO Score of 700+ falls within their guidelines.

How can I make 500k a year? ›

Service Costs and Frequency

Fortunately, despite the fact that Ferraris are rare and relatively pricey vehicles, regular car maintenance doesn't have to be a financial burden. An oil change generally costs around $195 for all late-model Ferraris.

It should come as no surprise that both Ferraris and Lamborghinis come with a hefty price tag. Buying a world-class luxury supercar doesn't come cheap. The cheapest models available will still cost you a few hundred thousand dollars. Lamborghinis overall tend to be a bit more expensive than Ferraris.

If you drive the car more, you will have to change tires too which will cost you around $1,500 - $2,000 for a set of four. And these tires aren't like your every day tires that will last for 40,000 miles. They are made with a softer compound for more grip, but because of that will only last for around 5,000-7500 miles.

According to Silodrome, this four-door V8 Saloon got a major boost in sales when it got its undercutting nickname. Although its nickname came from its looks, the Ranger SD-1 had a strong career as a Touring car racer.

The primary owner of Ferrari is the investing public, while Piero Ferrari — Enzo's second son — also holds a significant ownership stake, with Exor N.V. rounding out ownership of the company. Exor N.V. is a company controlled by descendants of one of Fiat's original founders, Giovanni Agnelli.

Performance and technical specifications

Performance-wise, Lamborghini's fastest car–the Veneno–has a higher top speed than Ferrari's Enzo due to its more aerodynamic designs. However, regarding acceleration times, Ferrari often takes the lead due to turbocharged engines and superior torque output.

Once you buy your new Ferrari you can't turn around and sell it. You cannot sell your new Ferrari in the first year of ownership-it's in the fine print of the contract you sign.

Of course you can. Anyone can assuming they have either enough cash money, or qualify for the correct financing for said vehicles. From what I have read however, buying a brand new Lamborghini is much easier as a first time customer than buying a new Ferrari.

Is Ford or Ferrari worth more? ›

By market capitalisation – the total value of a company on the share market – Ferrari is currently in eighth position ahead of the Stellantis conglomerate, Ford, Honda, General Motors, and Hyundai.

Ferrari is now worth more than General Motors or Ford , after its market value surged Monday morning to about $30 billion.

Ferrari's net debt is only 1.0 times its EBITDA. And its EBIT covers its interest expense a whopping 25.0 times over. So you could argue it is no more threatened by its debt than an elephant is by a mouse. Also good is that Ferrari grew its EBIT at 15% over the last year, further increasing its ability to manage debt.

Weaknesses of Ferrari

Fuel efficiency- Mostly the Ferrari car need fuel like petrol, diesel but the demand for petrol increase supply decrease this is the most upcoming weakness or challenge that Ferrari gets in future.

Leno recently opened up about his Ferrari non-ownership status on an episode of "Cars and Culture with Jason Stein" and revealed that it is not the sticker price of a Ferrari that turns him away, but what he says is the experience of Ferrari sales that he feels isn't customer-friendly, which puts him off.

The cheapest Ferrari Sypder models on sale in the used car market are the 308 Spyders that range between $50,000 and $60,000.

They say a Ferrari or Lamborghini, if properly maintained, can be driven for 100,000 miles, and be in good driving condition?

Latest. Ferrari have appointed Fred Vasseur as Team Principal, with the Alfa Romeo boss and Sauber Motorsport CEO replacing Mattia Binotto from January 2023. Binotto, who joined Ferrari as an engine engineer in 1995 before rising to take the helm of F1's most famous team, resigned last month.

Net profit also set a new record for the company. Ferrari had a fantastic year in 2022, according to the automaker's newly released financial results. It set a new sales record by delivering 13,221 vehicles, versus 11,155 models in 2021.

Ferrari Financing

Think of it like owning a second home, but instead of paying it off in 30 years, you're doing it in under 8. If we take an average loan term (60 month loan with 4.21% APR), your monthly payment will be $5,831.

How do people finance a Ferrari? ›

In addition to traditional car loans, Ferrari Financial Services offers an option with a balloon payment. This comes with a low monthly repayment, followed by one larger payment at the end of your loan term. Leasing through Ferrari Financial Services. Ferrari leases range from a short 13 months to five years.

What Is the Minimum Score Needed to Buy a Car? In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

Choose the right career

And one crucial detail to note: Millionaire status doesn't equal a sky-high salary. “Only 31% averaged $100,000 a year over the course of their career,” the study found, “and one-third never made six figures in any single working year of their career.”

Earning more than $100,000 per year would put you well ahead of the median American household, which brings in $74,784 as of 2021. Assuming you're an individual without dependents, that salary would qualify you as upper class, according to three different definitions (Brookings, Urban Institute and Pew Research).

Follow the 35% rule. Whether you're paying cash, leasing, or financing a car, your upper spending limit really shouldn't be a penny more than 35% of your gross annual income. That means if you make $36,000 a year, the car price shouldn't exceed $12,600. Make $60,000, and the car price should fall below $21,000.

Across the entire country, that range is between $47,189 and $141,568, based on Census Bureau income data. But $150,000 is still a middle-class income by Pew's definition in nearly half of the country's 50 most-populated metropolitan areas, where incomes tend to be high.

Using an average interest rate, and a car payment calculator, you can afford a $19,000-20,000 car on a $70k salary using the 20/4/20 rule of car buying.

While specific Ferrari service can vary depending on the model, the general rule of thumb calls for service or an inspection at least once a year.

For maximum peace of mind, every new Ferrari comes with the standard factory three-year warranty along with a seven-year free maintenance programme.

How much is the Ferrari 7 year maintenance program? ›

Unprecedented in duration and scope, the Ferrari Complimentary 7 Year Maintenance Program is designed to help owners get the most enjoyment and peace of mind from their new Ferrari, at no additional cost.

Ferraris are unique in the automotive industry for their ability to hold their value over time and, in some cases, appreciate in value. However, it is not always a good investment. Many Ferrari owners tell tales of making large amounts of money from buying a Ferrari but these cases are few and far between.

A Ferrari's price depends on many things, most notably their scarcity and the number of models produced. Retail prices are one thing, but many Ferraris appreciate in value over time, and typically go for significantly above their retail price when they end up at auction.

What is the Difference? Both are incredible machines, but in general, Ferrari is faster (top speed), more luxurious, and more expensive.

While it can vary based on model and year, generally, the average yearly Ferrari maintenance costs range between $1,500 and $2,000. For specifics on your vehicle, reach out to our service team for a consultation.

We found that the average APR on a 2017 Ferrari 488 Spider loan is 5.64% over 65 months with a monthly payment of $2103.

Ferraris are expensive because they are made with extreme care and are of limited quantity. Their quality assurance is incredibly tight, their racing legacy is legendary, and there are simply not enough of them for everyone who can afford to have one. Even among supercars, they can seem overpriced.

Ferrari NV (NYSE:RACE)

The 18 analysts offering 12-month price forecasts for Ferrari NV have a median target of 316.16, with a high estimate of 380.00 and a low estimate of 260.00. The median estimate represents a +8.73% increase from the last price of 290.77.

Lamborghini's trajectory under the ownership of Volkswagen Group has been a hell of a ride, but its worldwide sales numbers are still lagging behind Ferrari, which sold a record 10,131 cars in 2019.

Ferraris are so expensive because they keep their cars at a low inventory to increase demand, they're handmade, and they have rigorous quality control for every car they produce. Among supercar enthusiasts, they're a status symbol due to their history in racing.

Why Lamborghini over Ferrari? ›

Differences in the driving experience

Ferraris are known for their raw power and aggression, with a focus on performance, while Lamborghinis are more refined and luxurious. Regarding speed, the prancing horse is renowned for its acceleration off the line and ability to reach top speeds quickly.

Who Owns Ferrari Today? After restructuring to establish Ferrari N.V. as the holding company of the Ferrari Group, FIAT Chrysler Automobiles (FCA) sold 10% of their shares and distributed their remaining 80% of shares among FCA shareholders. 10% of Ferrari was and continues to be owned by Piero Ferrari (son of Enzo).

Ford would pay million to Enzo Ferrari for his company and all its assets. A former racer, Enzo was supposedly eager to put a deal together with Ford, a move that would relieve him of the burden of running the company day-to-day.

Ferrari Is The Cash Cow Of The Industry

Among all the brands, Ferrari continues to be the most profitable automaker by far. Its operating margin increased from 21.4 percent in 2020 to 25.5 percent last year. Based on the figures, The company earned an astounding $106,078 per unit sold in 2021.