How Much Does It Really Cost to Own a Ferrari in 2025?

The Real Cost Breakdown

When most people think about buying a Ferrari, they focus on the purchase price. A new Ferrari 488 GTB starts around $250,000, but that's just the tip of the iceberg. The total cost of ownership over 5 years can easily reach $400,000 or more.

1. Purchase Price: $250,000 - $350,000

The base price of a Ferrari varies significantly by model. The 488 GTB starts around $250,000, while the SF90 Stradale can exceed $500,000. Don't forget about options - Ferrari buyers typically spend $30,000-$50,000 on customizations.

2. Insurance: $8,000 - $15,000 per year

Ferrari insurance is expensive due to high repair costs and theft risk. Factors affecting your premium include your age, driving record, location, and chosen coverage. Many owners pay $10,000+ annually for comprehensive coverage.

3. Maintenance: $5,000 - $10,000 per year

Ferrari maintenance is notoriously expensive. Annual services cost $2,000-$4,000, while major services (every 3-5 years) can reach $8,000-$15,000. Brake pads alone cost $2,000-$3,000 to replace.

4. Depreciation: $40,000 - $60,000 in the first year

New Ferraris typically lose 15-20% of their value in the first year, then 10-15% annually for the next few years. However, limited editions and classic models can actually appreciate over time.

How to Afford a Ferrari Faster

Traditional saving might take 10-15 years to afford a Ferrari. However, smart investment strategies can significantly reduce this timeline. Many successful Ferrari owners didn't just save money - they made their money work for them.

Bottom Line

The true cost of Ferrari ownership extends far beyond the purchase price. Budget for $300,000-$400,000 over 5 years including depreciation, insurance, and maintenance. But with smart financial planning and investment strategies, your Ferrari dream can become reality sooner than you think.