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How much does it cost to run a classic supercar?

Ferrari F355 Servicing

Ferrari F355 – one year of ownership

There are so many rumours about just how much it costs to run a classic supercar, so I thought it would be a good idea to give an owner’s perspective on just how much it really sets you back. The example I am taking is a Ferrari F355 Spider, which I have owned for a year.

Ferrari F355 Rear Engine

I explain a bit more background about why I bought the car in the first place in the video, as well as providing a greater in-depth analysis of the running costs, but below is a table of precisely what I have paid in the last 12 months . . . June 2018 – May 2019:

Additional InformationPurchase priceOptional extras at purchaseInsuranceRoad TaxPetrolMaintenance / ServicingTotal to run for the year
Including service before taking delivery£100,000
Capristo Exhaust (£4,000) and car cover (£200)£4,000
Fully Comprehensive / stored in secure underground carpark£994
Taxes£265
Covered 2,800 miles, filling with premium fuel (highest octane number available – Shell V Power or BP Ultimate)£1,400
Wheel refurbishment;
Interior leather clean;
Check for annual service;
Replace sticking handbrake cable, sagging engine and gearbox mounts, weeping oil cooler hoses; complete anti-corrosion treatment; replace one fog light.
£3,864.15
Not including purchase price / exhaust and cover as they are non-essential / one off purchases.£6,523.15

 

As you can see, £6,523.15 is certainly not cheap, but the important thing about these cars is you take them to a specialist you can trust, who will perform preventative maintenance on them. It is vital that parts are replaced ahead of time, because then you will avoid the much larger and infinitely more costly disasters that can be associated with these cars in the case that such parts fail completely, thereby causing damage to other areas.

Ultimately, it all comes down to value, or perhaps what value you place on driving such a thing. I have loved every second of owning it and, therefore, for me the cost is justified… But others might think I am totally crazy. I would love to know your thoughts!

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