Depreciation: Porsche vs. Ferrari
Originally posted by Adrift
I just don't see how Ferrari guys can claim they are "reliable" when you see so many posts like these on Ferrari boards:
A 360 F1 owner post:
The other day I did this with my son in the car, and by the time I got onto the road the engine bay was filled with smoke! (ok, my son's 270 pounds, and I'm no lightweight either, but the 355 with manual has no problems in the same situation).
A 355 owner post:
Yes i have decided to sell the car already. What a shame. I was orignally in the market for a Lotus Esprit. Wanted to upgrade from my 1995 to a 2000 or 2001 then i ran into a friend of mine (dealer) selling this 355 which i paid 66500 + shipping. I knew i needed to put new belts but now i have a bill of $5800 from Ferrai of atlanta and they are not done yet. I have done every thing they told me to get done. Serives like fixing the CV boot, Shift shat seal, Belt, belt tensioner and bearings. I think cam gasket was leaking so they changed the seals and the cover. All this is costing me 5800 approx. give or take couple of hundred dollars more. Im just paranoid that i will mess something up and end up paying a lot more in services. Leak down test came out ok. I think i am more better off with my orignal plan which was a Lotus. much cheaper to maintain.
Good grief. I love the cars, but that kind of stuff just kills ANY desire to buy one. Give me my less-sexy, but just as fast (or faster), Porsche any day.
I guess I have probably lost far more in depreciation than either of those gents will, but I buy my cars to drive (45k on the Boxster, 15k on the turbo), not to admire in my garage. You see a bunch of folks on F-Chat talking up the "drive them, that's what they are made for" philosophy (which I totally agree with), but I assume a "driven" Ferrari owner is going to take it in the shorts for maintenance AND depreciation.
Oh well, I guess I will just have to admire them from afar.
I just don't see how Ferrari guys can claim they are "reliable" when you see so many posts like these on Ferrari boards:
A 360 F1 owner post:
The other day I did this with my son in the car, and by the time I got onto the road the engine bay was filled with smoke! (ok, my son's 270 pounds, and I'm no lightweight either, but the 355 with manual has no problems in the same situation).
A 355 owner post:
Yes i have decided to sell the car already. What a shame. I was orignally in the market for a Lotus Esprit. Wanted to upgrade from my 1995 to a 2000 or 2001 then i ran into a friend of mine (dealer) selling this 355 which i paid 66500 + shipping. I knew i needed to put new belts but now i have a bill of $5800 from Ferrai of atlanta and they are not done yet. I have done every thing they told me to get done. Serives like fixing the CV boot, Shift shat seal, Belt, belt tensioner and bearings. I think cam gasket was leaking so they changed the seals and the cover. All this is costing me 5800 approx. give or take couple of hundred dollars more. Im just paranoid that i will mess something up and end up paying a lot more in services. Leak down test came out ok. I think i am more better off with my orignal plan which was a Lotus. much cheaper to maintain.
Good grief. I love the cars, but that kind of stuff just kills ANY desire to buy one. Give me my less-sexy, but just as fast (or faster), Porsche any day.
I guess I have probably lost far more in depreciation than either of those gents will, but I buy my cars to drive (45k on the Boxster, 15k on the turbo), not to admire in my garage. You see a bunch of folks on F-Chat talking up the "drive them, that's what they are made for" philosophy (which I totally agree with), but I assume a "driven" Ferrari owner is going to take it in the shorts for maintenance AND depreciation.
Oh well, I guess I will just have to admire them from afar.
"but I assume a 'driven' Ferrari owner is going to take it in the shorts for maintenance AND depreciation."
Didn't anyone ever tell you how stupid assuming can be? Most would correctly argue many of the problems that 355 had can be attributed to NOT driving it enough. Contrary to popular belief, the more an Fcar is driven, the more reliable it is. And, I'm not talking about poseur type driving.
Last edited by ben, lj; Oct 22, 2004 at 11:56 PM.
> Didn't anyone ever tell you how stupid assuming can be? Most would correctly argue many of the problems that 355 had can be attributed to NOT driving it enough. Contrary to popular belief, the more an Fcar is driven, the more reliable it is. And, I'm not talking about poseur type driving.
Do I know you? Try to be polite, would you. Honey...vinegar...you know the rest.
Anyway, funny, there isn't ANYTHING I can do within normal driving parameters in my cars that would cause smoke to fill the freaking cabin. Yes, I consider this an illustrative point of how fragile / unreliable a Ferrari can be. This does not seem to be outside the realm of reason.
The other post describes what appears to be typically outrageous repair / service costs. No one in the thread posted that these were atypical expenses. How many examples does it take to make a point? Should I have combed through the site looking for hundreds of references to cite? Should I also list examples shared with me directly by owners?
So, mosts Ferrari service visits AREN'T in the thousands of dollars? My 15k / 30k services have all been sub $800.
And are you telling me high mile Ferrari's AREN'T seriously impacted in resale price?
Do I know you? Try to be polite, would you. Honey...vinegar...you know the rest.
Anyway, funny, there isn't ANYTHING I can do within normal driving parameters in my cars that would cause smoke to fill the freaking cabin. Yes, I consider this an illustrative point of how fragile / unreliable a Ferrari can be. This does not seem to be outside the realm of reason.
The other post describes what appears to be typically outrageous repair / service costs. No one in the thread posted that these were atypical expenses. How many examples does it take to make a point? Should I have combed through the site looking for hundreds of references to cite? Should I also list examples shared with me directly by owners?
So, mosts Ferrari service visits AREN'T in the thousands of dollars? My 15k / 30k services have all been sub $800.
And are you telling me high mile Ferrari's AREN'T seriously impacted in resale price?
I am the most unbiased Ferrari owner in the world, i hate my 355. I do however beat the **** out of it, and its never given me a problem. In 1 1/2 years of owneship, my total running costs have been a few oil changes.
Originally posted by allanlambo
I am the most unbiased Ferrari owner in the world, i hate my 355. I do however beat the **** out of it, and its never given me a problem. In 1 1/2 years of owneship, my total running costs have been a few oil changes.
I am the most unbiased Ferrari owner in the world, i hate my 355. I do however beat the **** out of it, and its never given me a problem. In 1 1/2 years of owneship, my total running costs have been a few oil changes.
I would love to own a 355 Spyder, but just am scared of the maintenance costs.
I was at a Ferrari dealer one time talking to him about tracking a 355 and he said "Oh no problem, just bring it in for a chassis service after every weekend at the track and it shouldn't have any problems". Huh? Ummm, no. Maybe that was just an unscrupulous dealer trying to make extra dough...?
Another thing that bothers me...why are Ferrari interiors SO fragile? It always seems with minimal use, they show extraordinary wear. There was an F50...looked pristine...at the Concorso Italiano a few years back...but the cloth portions of the seats were "pilling" like crazy. Okay...MINOR thing, but come ON! This IS a bazillion dollar car here! Dashes crack. Leather ages inordinately fast. Interior door handles wear. Control surfaces bubble. Why is that?
in general, Italians aren't known for their engineering, quality, reliability, etc. -- not only about cars, but across all industries.
But they are known for style. looks. etc.
now lambo is getting interesting ... combining the best of Italy with the engineering precision of Germany ... this may turn out to be a winning strategy.
jmo
But they are known for style. looks. etc.
now lambo is getting interesting ... combining the best of Italy with the engineering precision of Germany ... this may turn out to be a winning strategy.
jmo
Originally posted by allanlambo
I am the most unbiased Ferrari owner in the world, i hate my 355. I do however beat the **** out of it, and its never given me a problem. In 1 1/2 years of owneship, my total running costs have been a few oil changes.
I am the most unbiased Ferrari owner in the world, i hate my 355. I do however beat the **** out of it, and its never given me a problem. In 1 1/2 years of owneship, my total running costs have been a few oil changes.
Who's telling the truth?
Originally posted by Adrift
Another thing that bothers me...why are Ferrari interiors SO fragile? It always seems with minimal use, they show extraordinary wear. There was an F50...looked pristine...at the Concorso Italiano a few years back...but the cloth portions of the seats were "pilling" like crazy. Okay...MINOR thing, but come ON! This IS a bazillion dollar car here! Dashes crack. Leather ages inordinately fast. Interior door handles wear. Control surfaces bubble. Why is that?
Another thing that bothers me...why are Ferrari interiors SO fragile? It always seems with minimal use, they show extraordinary wear. There was an F50...looked pristine...at the Concorso Italiano a few years back...but the cloth portions of the seats were "pilling" like crazy. Okay...MINOR thing, but come ON! This IS a bazillion dollar car here! Dashes crack. Leather ages inordinately fast. Interior door handles wear. Control surfaces bubble. Why is that?
Don't compare the aluminum parts in the Ferrari to a Porsche. Oh, that's right, the Porsche parts are painted plastic!
And, don't tell me a Ferrari costs a "bazillion" dollars more than a Porsche because the last time a I checked a GT2 costs as much or more than a 360 Modena or Spider.
Originally posted by ESK
Don't compare the leather work in a Ferrari to a Porsche. Oh yeah, I forgot, that's not leather in the Porsche, it's vinyl! Nice sunvisors.
Don't compare the aluminum parts in the Ferrari to a Porsche. Oh, that's right, the Porsche parts are painted plastic!
Don't compare the leather work in a Ferrari to a Porsche. Oh yeah, I forgot, that's not leather in the Porsche, it's vinyl! Nice sunvisors.
Don't compare the aluminum parts in the Ferrari to a Porsche. Oh, that's right, the Porsche parts are painted plastic!
Originally posted by ESK
And, don't tell me a Ferrari costs a "bazillion" dollars more than a Porsche because the last time a I checked a GT2 costs as much or more than a 360 Modena or Spider.
And, don't tell me a Ferrari costs a "bazillion" dollars more than a Porsche because the last time a I checked a GT2 costs as much or more than a 360 Modena or Spider.
Last edited by Adrift; Oct 24, 2004 at 08:17 AM.
First off, on some points i definately agree. Ferrari interiors are horrible. The plastic pieces are coated with some sort of rubber that with time melts. the leather shrinks, they detoriate very quickly. Ive brought this up to many Ferrari guys, as my Lambo interior is AS NEW, and i drive it much more often. The interior on my 348 and TR was also the same. The Ferrari also shakes and rattles, when my lambo does not. But mechanicly, the car has been fine. I have no reason to lie, because in truth, i wish it were not as reliable as it has been so i could rub that into the Ferrarichat guys faces.
Even though i prefer not to drive the 355, when i do, i drive it hard, many of you have seen the pics of it at the SCCA track, me doing donuts in it, racing the Z06 here etc etc. When i bought the car approx 1.6-1.8 years ago, it already had the 30K service completed. Ive done nothing to it but oil and filter changes.
As a whole the Ferrari definately feels more fragile than my lambo or a Porsche for that matter. A Porsche interior wears better because of the plastic and vinyls used, not soft leather that Ferrari uses.
I would personally prefer a modded 996TT to the 355, but in the long run, the Fcar will definately retain its value more. Id stick with the 355 over a stock 996TT though.
Even though i prefer not to drive the 355, when i do, i drive it hard, many of you have seen the pics of it at the SCCA track, me doing donuts in it, racing the Z06 here etc etc. When i bought the car approx 1.6-1.8 years ago, it already had the 30K service completed. Ive done nothing to it but oil and filter changes.
As a whole the Ferrari definately feels more fragile than my lambo or a Porsche for that matter. A Porsche interior wears better because of the plastic and vinyls used, not soft leather that Ferrari uses.
I would personally prefer a modded 996TT to the 355, but in the long run, the Fcar will definately retain its value more. Id stick with the 355 over a stock 996TT though.
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