5 Things to Know Before Buying a Ferrari

Ferrari holds over 5,000 trophies from sanctioned races. Easily recognizable with its horse logo, Ferrari cars are classics. Many of them show off the classic red color, and all of them hold a high standard of luxury and speed. People everywhere find themselves working towards the goal of owning a Ferrari. It’s a dream car, but there are a few things to think about before signing your name on one. Below are 5 things to know before buying a Ferrari. Make sure to read them before making the plunge.

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1. Maintenance Isn’t Cheap

While many people buying a Ferrari aren’t terribly concerned with their bank account, we find it fair to note the upkeep isn’t cheap. 

Maintenance on a Ferrari isn’t cheap, and finding replacement parts is a challenge. Some people have found themselves spending several hundred just for an oil change. 

2. Gas Also Isn’t Cheap

On top of the cost of a Ferrari, you’ll also be shoveling out money for gas. These cars are gas-guzzling machines. 

To keep the car in pristine condition, most owners don’t use their Ferrari as a commuter car. It’s more for fun on the weekends. Not making it your typical drive will save money on gas. 

3. There Are Resale Rules

When signing for a Ferrari, you’ll also be signing a contract stating you aren’t allowed to sell your car for the first year you have it. Asking for this signature is the company’s way of swaying people away from flipping the car.

If you are wanting to buy a used Ferrari, this means the car will be at least a year old. Are you unsure about what used Ferrari you want to buy? Check out some classic Ferraris

4. You’ll Get Major Attention

It’s natural to assume people’s eyes will be quickly drawn to a brightly-colored luxury supercar. You’ll attract local attention, including the attention of cops. 

Wanting to drive fast is an itch you’ll have once owning a Ferrari, but be careful with local law enforcement. It might not be a bad idea to set aside some spare change for a speeding ticket

5. You’re Joining a Community

Buying a Ferrari is your ticket into an exotic car community. You’ll be sure to find other people who share your enthusiasm for luxury vehicles.

Chat with other local Ferrari owners. They’ll have information on car shows and special garages. You might even make a few new friends along the process. 

Keep These Things in Mind When Buying a Ferrari

Buying a Ferrari is no small investment. There are a few things to keep in mind before buying one. Make sure to check out the list above. 

Know that you aren’t allowed to sell the car within the first year of owning it. Once you have the car, be prepared for some steep maintenance and gas bills. Share your enthusiasm for the car with the exotic car community around you. 

Are you a lover of muscle cars? Check out the rest of our site. We also have plenty of posts on trucks and bikes you’ll want to read.