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Thread: Ferrari 360 F1 - First year ownership costs

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  1. #1
    Mike01606's Avatar
    Mike01606 is offline Kid's bed - The Ferrari F50 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
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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
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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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    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'.

  6. #6
    Mike01606's Avatar
    Mike01606 is offline Kid's bed - The Ferrari F50 Club Member
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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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    Glad the car has been reasonable for the first year Mike. There are some things that are well documented elsewhere that can cause big bills on a 360 and hopefully one acts promptly on the warning signs.
    When I bought mine I started looking at tin tops at 60k and ended being able to buy a very good spider for 59k after travelling a lot of miles looking at cars and being disappointed. Spiders at the time were about 10k more expensive. The prices dropped on 360s during the 3 months I was looking and the first car I looked at, which was a good Modena, was willing a couple of months later to take 10+k less as the prices went down big time. He'd paid IRC 76k just over 12 months previously, so if unlucky it's easy to loose a lot of hard earned 's on cars. As an aside 360 prices seemed to be pretty firm if not rising for good cars at present.
    Happy motoring

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    Quote Originally Posted by Nosevi View Post
    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'.
    I like the Rear Tyres plus fitment 80 - what were they for goodness sake, very part worn??
    Happiness is a full tank and an open road - unless you live in the UK of course......

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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.

  10. #10
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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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