Join Date: Feb 2007
Location: The Netherlands
Ferrari Life Posts: 6,412
If a Corvette costs $2 - 3k a year for maintenance, then I guess they're pretty much the same...
You're making a comparison between apples and hedgehogs. The Ferrari cost $200k - $300k when new, the Corvette $50k. How can you compare the two?
You have to understand that Ferraris are not, like Porsches and Corvettes, produced by 100,000 a year. Nonetheless, they use virtually no parts from other cars. So all the development has to be paid for by 3,700 people in 6 years (if we take the 550 Maranello as an example) instead of 400,000 people in 4 years. You can imagine the factory will try and recoup some of those costs in parts as well. Consequently, parts are expensive. Because these cars are not mass produced and designed by an army of engineers, they are more difficult to work on - a major service on a $30k Mondial T costs you 30 hours of labour and $6 - $8k... More modern Ferraris cost less on the major service, but it's never comparable to a Corvette. There is a reason why Ferraris are seen as the ultimate! If you want the ultimate, you have to pay for it.
When I budgeted for my $130k 550 Maranello 2 years ago, my calculations (including depreciation, storage, insurance and maintenance but NO FINANCE) came to $1300 a month. Two years later my research proved well founded and I haven't been far off (it was a little on the high side, but I have had no problems. If I have a breakdown it will be a different story).
For more info, use the search function.