They'll need far more than today's average maintenance/upkeep.
I disagree with this David. These cars are already old enough to need a lot right now. If they are maintained well, then this will not change over the course of the next 10 years. It is not more costly to maintain a 308 now than it was in 2003. And since there were over 10,000 made of these models, part supply will not be a problem. Plenty are crashed on a yearly basis. It will, however, be harder to find a good example with lower miles in 10 year's time, and consequently those cars will be much more valuable. I think the main issue would be cosmetics - worn seats, scruffy exterior. You may have to invest in re-trimming or spraying.
To the OP. First thing you need to realise:
It will be IMPOSSIBLE for you to insure the car in the UK at your age. Just plain impossible. I don't know enough about it having not been a teenager there and not having teenagers myself (thankfully
), but I am guessing you will at least need to wait until you are 25 before they will accept you, and even then premiums will be high. I'm guessing several thousand a year.
Personally, I never buy a Ferrari unless I have the money in the bank to pay for it. I think it is very unwise to take out loans for a toy. A Ferrari needs to be the reward for your hard work, and if it takes another 5 years before you buy it, so be it. But don't put yourself at financial risk! It is just a car - not worth getting into trouble for. A cheap 2nd hand Porsche Boxster is fun too.
Then I would make sure that I had funds in the bank to pay any unseen expenses/repairs. 8,000 pound would be a good number.
Then on an annual basis, for 5,000 miles of driving, you need to think in the 1,000 - 1,500 pound mark for maintenance, and once every 3 - 5 years you would need to spend 2,500 - 5,000 pounds (depending on the model).
Add fuel and tyre costs to that.
So to round it off:
1. 50,000 in the bank (is what I would do)
2. 1,500 per year regular maintenance
3. 2,500 - 5,000 service every 3 - 5 years
4. Tyre and fuel costs
5. Insurance several thousand a year
You have to realise that this is the way I run my Ferraris. There are some out there that would violently disagree with me and say you can do it for much less. This is true, but it also depends on how much you can do on your own car, and what kind of quality you want your Ferrari to be. Many people buy a scruffy one, drive it for 3 years without maintenance and then sell it on. That is much cheaper, obviously, but it is not the way that I want to run a Ferrari. If I can't afford to do it properly, I would rather drive something cheaper.
Good luck! You are earning much more money than I did in my first job, at age 28, and engineers are very sought after so I'm sure you will end up with a Ferrari. But don't be in a hurry - make sure you have secured your financial position first.
Onno Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!