Ferraris have often been compared to beautiful women. Like some of the aforementioned companions, they can become high-maintenance over time. Sure, the first couple of years of getting to really know each other are fun (or, in the case of the Ferrari, under warranty). But once the honeymoon is over, however, you might find that your bank account is getting more attention than you are, and that maybe this endeavour is a little more than you bargained for.

Sports Car Market has a story covering the first 6 ½ years of the life of a very-well-maintained Ferrari 550 Maranello. It began life as a $225,000 plaything for a successful real-estate investor in California. The well-documented repair history takes you through 36,000 miles of Ferrari ownership, and illustrates why owning a Ferrari means so much more than being able to simply buy one in the first place.

On the surface, it seems amazing just how much money has been spent on maintaining, personalizing, and repairing this vehicle. It's really all relative, though. For someone of considerable wealth, covering the maintenance costs of a Ferrari is no different than a person of average means picking up the tab to maintain his or her Toyota, Ford, Honda, or Chevy. The Sports Car Market piece is interesting because it provides such an unusually comprehensive look at one particular exotic's total cost of ownership. Make sure you read it through to the end for a great quote from one of the subject car's owners, which helps put it all into perspective.

Like we said, everything's relative.

[Source: Sports Car Market Magazine]


It is amazing how much money is spent on repairing and maintaining this vehicle. Obviously driven hard and enjoyed, here is a quick, but not nearly complete, list of repairs performed to the 550 at the owner's expense:

  • Front ball joints and swaybar bushings
  • Steering Box/power steering pump/steering rack
  • Suspension bushings
  • Radiator R&R for coolant leaks (twice)
  • Instrument panel repair
  • O2 sensor
  • Front & Rear shocks
  • Cam belts/tensioner bearings (twice)
  • Valve job w/all-new valves and guides
  • Oil leak repairs
  • Plus all factory recommended maintenance, tires, etc.

The third owner purchased the Maranello in August of 2006 for $90,00 and had to immediately repair an oil leak to the tune of $1,582. The total out-of pocket repairs over the span of 36,200 miles and approximately 100 months of Ferrari ownership, including depreciation of some $135,000, comes to $200,760.50, or about $5.55/mile. Take out the$135,000 in depreciation, and the number drops to a mere $2.90/mile, or about fifteen times the number that an average Toyota will set you back for the same period.

On the surface, it seems amazing just how much money has been spent on maintaining, personalizing, and repairing this vehicle. It's really all relative, though. For someone of considerable wealth, covering the maintenance costs of a Ferrari is no different than a person of average means picking up the tab to maintain his or her Toyota, Ford, Honda, or Chevy. The Sports Car Market piece is interesting because it provides such an unusually comprehensive look at a single exotic's total cost of ownership. Make sure you read it through to the end for a great quote from one of the subject car's owners. It puts it all into perspective. Like we said, it's all relative.