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Thread: 1 year with a Ferrari (book, not me)

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    Senior Member bellwilliam's Avatar
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    Default 1 year with a Ferrari (book, not me)

    http://www.amazon.com/One-Year-Ferra...=5336121873-20

    it is free if you have Amazon Prime account. I downloaded it last night and finished reading it. A pretty decent book for us car guys.

    Richard version:
    basically a 40 years old guy who bought a Ferrari 355. Plan was to drive it for a year, then sell it with very little out of pocket cost (that's the plan anyway).

    He never owned a Ferrari or any other exotic. plan was either 360, 355 or 456. He picked 355 due to cost (although 456 was cheaper), thinking it probably is at bottom of depreciation curve.

    so after an year, he added all the tally. and the cost of owning a Ferrari for 1 year was .......
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

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    Senior Member DutchOven's Avatar
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    Do you need a Kindle read it?
    -Kevin M.

    2010 Subaru WRX

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    Senior Member DutchOven's Avatar
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    Oh nvm, theres a Kindle Cloud Reader.
    -Kevin M.

    2010 Subaru WRX

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    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by DutchOven View Post
    Do you need a Kindle read it?
    nope, you can download an app for iPad, Windows, Mac, Android, Blackberry or iPhone
    Amazon.com: Free Kindle Reading Apps
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

  5. #5
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    I haven't read the book, but I know that Ferraris require a lot of expensive maintenance, and if the prior owner(s) neglected that, he was doomed.
    The deposed former Sheriff of trackHQ . . .

    2006 Porsche 997 Carerra Coupe 6-MT - daily driver
    1992 Honda (Acura) NSX 5-MT - classic investment I couldn't resist and occasionally drive
    2004 Honda S2000 AP2 6-MT - track day car
    2006 Mitsubishi Lancer Evolution IX MR 6-MT - when I need a backseat, 4-doors, or a real trunk, and still want to haul ass . . .

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    I'll have to check it out. Speaking of car books, just got a killer deal on "Driving Ambition"

    Really looking forward to it.

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    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by Richard EVO View Post
    I haven't read the book, but I know that Ferraris require a lot of expensive maintenance, and if the prior owner(s) neglected that, he was doomed.
    at least in this case. He bought it from a Ferrari dealer, another independent shop did a PPI. no issues were found at the time.
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

  8. #8
    Senior Member fatbillybob's Avatar
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    Quote Originally Posted by Richard EVO View Post
    I haven't read the book, but I know that Ferraris require a lot of expensive maintenance, and if the prior owner(s) neglected that, he was doomed.
    The caveat to that is if you can fix your racecar you have the skills to maintain your Ferrari. I know this because I'm on Ferrari #4 and mine have never been to a shop in 30 years of ownership the the cars are cheaper to maintain than my BMW.

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    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by fatbillybob View Post
    The caveat to that is if you can fix your racecar you have the skills to maintain your Ferrari. I know this because I'm on Ferrari #4 and mine have never been to a shop in 30 years of ownership the the cars are cheaper to maintain than my BMW.
    ?? you need to elaborate.... your experience seem to be completely different from the book.
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

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    Quote Originally Posted by bellwilliam View Post
    ?? you need to elaborate.... your experience seem to be completely different from the book.
    Maybe the book guy just got a used lemon.
    The deposed former Sheriff of trackHQ . . .

    2006 Porsche 997 Carerra Coupe 6-MT - daily driver
    1992 Honda (Acura) NSX 5-MT - classic investment I couldn't resist and occasionally drive
    2004 Honda S2000 AP2 6-MT - track day car
    2006 Mitsubishi Lancer Evolution IX MR 6-MT - when I need a backseat, 4-doors, or a real trunk, and still want to haul ass . . .

  11. #11
    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by Richard EVO View Post
    Maybe the book guy just got a used lemon.
    Not really. There was a ppi. Author also did the clutch himself.
    I am just surprised it is possible.to fix a modern ferrari oneself
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

  12. #12
    Senior Member fatbillybob's Avatar
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    Quote Originally Posted by bellwilliam View Post
    ?? you need to elaborate.... your experience seem to be completely different from the book.
    I have rebuilt ferrari motors for more power, rebuilt so many ferrari gearboxes that pros have tried to hire me, can do anything on a 3 pedal ferrari. If the owner of that 355, replaced his own clutch, he might have learned how to do that from threads I posted on FerrariChat. Over there we are 20,000 members strong. If you are really interested go to Ferrarichat and search fatbillybob and years of "how to's" will popup. In addition to myself there are a legion of other diy'ers equally skilled. If you can fix your own racecar you could fix your ferrari. They are just cars built by guys drinking too much wine at lunch. Assuming your not drunk you already have a leg-up.
    mlk_f1, katc10, Olitho and 8 others like this.

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    ^^^ Carl, I never would have known. Racer, physician and Ferrari mechanic. Quite the rennaisance man!
    psychoazn likes this.
    The deposed former Sheriff of trackHQ . . .

    2006 Porsche 997 Carerra Coupe 6-MT - daily driver
    1992 Honda (Acura) NSX 5-MT - classic investment I couldn't resist and occasionally drive
    2004 Honda S2000 AP2 6-MT - track day car
    2006 Mitsubishi Lancer Evolution IX MR 6-MT - when I need a backseat, 4-doors, or a real trunk, and still want to haul ass . . .

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    Senior Member fatbillybob's Avatar
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    Quote Originally Posted by Richard EVO View Post
    ^^^ Carl, I never would have known. Racer, physician and Ferrari mechanic. Quite the rennaisance man!
    Thanks but truth be told...Slow racer, still learning...actually a tooth mechanic,still learning...ferrari mechanic,still learning!

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    Senior Member mlk_f1's Avatar
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    Quote Originally Posted by fatbillybob View Post
    I have rebuilt ferrari motors for more power, rebuilt so many ferrari gearboxes that pros have tried to hire me, can do anything on a 3 pedal ferrari. If the owner of that 355, replaced his own clutch, he might have learned how to do that from threads I posted on FerrariChat. Over there we are 20,000 members strong. If you are really interested go to Ferrarichat and search fatbillybob and years of "how to's" will popup. In addition to myself there are a legion of other diy'ers equally skilled. If you can fix your own racecar you could fix your ferrari. They are just cars built by guys drinking too much wine at lunch. Assuming your not drunk you already have a leg-up.
    This has to be the single most liked post ever.
    flink likes this.

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    Captain Planet tq3z's Avatar
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    Okay someone break the suspense, how much did he spend!?
    Do you understand?

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    Senior Member bellwilliam's Avatar
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    Quote Originally Posted by tq3z View Post
    Okay someone break the suspense, how much did he spend!?
    he said the 1 year cost him $50,000. But it really was $22k in depreciation, $16k in maintenance/repair, $12k in misc stuff that don't really count (insurance, financing cost, his blog fee, his cost of going to Ferrari group trips, track days, etc..). so I would say $38k on a 355 he bought for $70k.
    Supermiata S1, SuperMiata S2, Supermiata S3
    13 Tesla, ma: no engine !!
    17 GT350 !!
    08 M3 - Carmax warranty !!
    96 NSX
    06 EVO MR
    15 Mini Cooper S

  18. #18
    Senior Member robburgoon's Avatar
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    Quote Originally Posted by bellwilliam View Post
    he said the 1 year cost him $50,000. But it really was $22k in depreciation, $16k in maintenance/repair, $12k in misc stuff that don't really count (insurance, financing cost, his blog fee, his cost of going to Ferrari group trips, track days, etc..). so I would say $38k on a 355 he bought for $70k.
    He probably made the mistake of actually driving his ferrari. The used car listings are full of cars with 7,000 miles.

    Probably better off to buy one used in perfect low mileage condition, learn to fix it, and just keep it.

  19. #19
    Captain Planet tq3z's Avatar
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    Thats actually not so bad. I expected worse lol
    Do you understand?

  20. #20
    Senior Member mlk_f1's Avatar
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    ~55% of the cars value per year is not that bad. I'm sure miata owners can easily spend over 300% per year.

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