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Thread: Ferrari 360 F1 - First year ownership costs

  1. #1
    Mike01606's Avatar
    Mike01606 is offline Nowhere to put the shopping -The Ferrari F40 Club Member
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    Default Ferrari 360 F1 - First year ownership costs

    One year of ownership of the 360 F1 ticks by tomorrow.

    I've done what you shouldn't do but the weather tonight was cr&p so I’ve just scanned through the costs and thought I’d post for those on the hunt as this often gets asked….

    Mileage covered was 2700.

    Costs to date excluding purchase price of car…..

    Insurance 670
    12M Road tax 249.75 (Mine is a pre-2001 car so a >1600 cc)
    Fuel 1077.20 (approx 17 MPG)

    Annual 2 service & MOT 739.50
    1L Oil top-up (none used) 11.99
    Clutch wear from 20 to 29%

    Misc maintenance
    Front discs/pads/Goodridge hoses/ATE SB fluid 347.80
    Oil pressure sender 100.62

    18” Challenge Wheels/Hill wheel bolts/PZero Rosso Tyres/Caps/Decals 2484.87
    Offset by 430 wheels and spacer sale (inc eBay fees) 1110.55 -
    Net 1374.32

    Unnecessary stuff
    Later TCU (Ebay) – not fitted 103
    Clear side repeaters 37.99
    Ferrari dust caps 2.87
    Donax TX F1 Fluid 11.99
    Rear Tyres plus fitment 80
    Rattle cans 30
    Hardware 17.53

    So overall, pleasantly surprised………excluding tax, insurance, fuel and unnecessary fluff, its cost 2562 (ex. depreciation) buts it’s serviced, got spanking new tyres, MOT’d for 12 months and taxed until October. Even the brake service was not really necessary yet.

    As far as experience goes, zero oil consumption, no engine lights and run flawlessly.
    The only issue has been the oil sender did not zero with engine off and hence the oil lamp would not have come on and the ABS issue I had with the 430 wheels which was cured with the swap to 18” Challenge wheels.

    For 2013, the car is due the ‘big’ 31250 and belts late in the year. Fingers crossed for what the year brings..........

    M
    Last edited by Mike01606; 23-05-2013 at 10:34 PM.

  2. #2
    MalcH's Avatar
    MalcH is offline Post whore with no life, no friends, and a problem fitting into normal social circles Club Member
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    Default

    Sounds good Mike. Mine is currently zero this year (not took it out yet) but as I had my cambelts and stuff last year it was a big one. Probably near 4k but that does include tax and insurance.

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    9% clutch use for 2,700 miles sounds excessive - of course to be taken with a pinch of salt#
    FYI my Stradale has only gone through 10% clutch and 11% CCM usage in the last 5,600 miles / 9,000 km


    and 2,700 miles only per year!!! get her out ahahhahah

  4. #4
    Mike01606's Avatar
    Mike01606 is offline Nowhere to put the shopping -The Ferrari F40 Club Member
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    Quote Originally Posted by Thrasher View Post
    9% clutch use for 2,700 miles sounds excessive - of course to be taken with a pinch of salt#
    It did include the Silverstone GWR and getting off track which must have been about 5% alone!......

    Clutch has 8k on it so far. Not too bad IMO for the type of driving done. very little motorway use from me......

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    Nosevi's Avatar
    Nosevi is offline There's an outside too? Where? Super Moderator
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    Mike,

    Like the way you've included dust caps at 2.87

    Actually all looks pretty reasonable for running a car of the calibre for a year, doesn't it. Just don't go on Fchat and tell them what it costs to run a 360 over here, you'll hear the howls all the way across 'the pond'.

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    355OXO is offline No I'm Spartacus Club Member
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    Default Interesting thread

    What a great thread for someone who is considering buying a 360, I would have thought you could save 5p on the dust gaps.

  7. #7
    candellara's Avatar
    candellara is offline You thought the Enzo was ugly? - The Ferrari FXX Club Member
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    Differs from owner to owner and car to car IMO

    A good friend of mine purchased a very nice red 360F1 a few years back

    Cost 60,000
    Private Plate 1500
    Detailing by pro-detailer 500
    F1 Pump went bang and the car was deemed as needing a new clutch & flywheel 7000

    This all excludes insurance, fuel etc

    The car did 1000 miles across 1 year as his wife got the hump when he used it.

    Car went on the private market at 45k - no enquiries

    Reduced to 40k after several months of no enquiries

    Offer received of 38k (with plate). Best & only offer accepted

    Running costs (inc depreciation) 31,000 equating to 31 per mile

    Needless to say that he never returned to Ferrari ownership

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    Nosevi's Avatar
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    Jason, that really is a tale of woe, he must have hated that car by the time he sold it. Depreciation on a 360 may be an issue from time to time but he was a tad unlucky to have a bill like that for things like a clutch (which you'd have thought was checked prior to purchase on a PPI). It's also amazing to have lost 13.5k (taking into consideration the plate) on a car in 12 months bearing in mind he had a detailer tidy it up. Bad timing or was he just daft to have paid 60k in the first place? Your opinion is what I'm after, obviously.

  9. #9
    Mike01606's Avatar
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    Quote Originally Posted by candellara View Post
    Differs from owner to owner and car to car IMO
    Absolutely spot on! and 31 a mile.....ouch. Although in fairness my final year of superbike ownership cost close to that as I spent a fortune on it and did about 300 miles that year. Granted not a 31K loss though.

    I just thought it would be interesting to anyone looking as they are not always horror stories.....

    My advice now would be buy a good mid range example that is sorted and looked after even if it is slightly more than others with similar spec/mileage/age. Buy from a trusted source and seek help if you need it.

    I'd much prefer to pay 40k for a sorted car than 35k for a cheap one. The actual price spread on these cars is still quite large (say compared to 348's) and I think shopping above the 60% percentile could hurt you disproportionately if you actually use the car. A good mid-range one will not depreciate too much.

    M

  10. #10
    Mike01606's Avatar
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    Quote Originally Posted by Nosevi View Post
    Just don't go on Fchat and tell them what it costs to run a 360 over here, you'll hear the howls all the way across 'the pond'.
    Tried once and got flamed!

    If you want entertainment on a quiet night in ask; Should I buy a manual or an F1 360? or How long will the clutch last on a 360?

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