The reality is that the vast majority of us will never be able to afford a Ferrari outright, no matter how badly we want to be behind the wheel of one of the best cars on the planet.
Fortunately, there are alternatives to buying a six-figure prancing pony. A (somewhat) affordable way into a Ferrari comes in the form of shared ownership, which, as you can see in the infographic above from, drastically reduces the cost of ownership by as much as 75% and allows a driver to enjoy the car like it was theirs. compares shared ownership to owning or leasing a Ferrari outright. And it seems pretty clear that, for most people, sharing is the best option. Here's how the math breaks down (numbers are based on a 2009 Ferrari F430 and 7 days a month of driving):

Sole ownership

If you somehow can come up with the $175,000 to buy a used 2009 Ferrari F430, you'd still be looking at some staggering costs: $20,000 of depreciation, $10,000 for maintenance and repairs, $2,000+ for gasoline every year. figures that based on 7 days of usage per month, owning a Ferrari by yourself would cost about $380 per day. Shared ownership would cost $95 per day.


So, let's say you're over 25 and have a spotless driving record. How about renting a Ferrari? To do so, you'll have to pay a huge security deposit ($10,000 or so) and you're going to be charged around $1,000 a day. This means that in order to drive your Ferrari for 7 days a month for a year, you'd be paying $84,000, nearly double the cost of shared ownership. Renting also ensures that you get nothing back. At least under sole ownership, the owner holds equity, minus depreciation.

Peer-to-peer renting

This is a slightly cheaper form of renting. The basic idea is that a person who owns a Ferrari will rent it to you for about $500 a day. Again, while this is indeed a less expensive option, it's still not as cheap as shared ownership. And just like traditional renting, you get none of this money back.

So, all in all, shared ownership of an exotic car is indeed a much more economical way to own a Ferrari. Of course, it comes with the caveat of only being able to drive the car 7 days per month, and not really ever knowing what the other owners are doing in that beautiful piece of machinery.

If you're lifelong dream comes in the form of owning an exotic car, however, and you haven't been getting any banker-like bonuses lately, shared ownership looks like a viable way to achieve it, assuming you can deal with its setbacks. Check out services like Jointli or Curvy Road for more info.

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