The Pros and Cons of Owning a Ferrari: Is It Worth It?

Owning a Ferrari is a dream for many car enthusiasts.

The bright red sports cars with the prancing horse badge are instantly recognizable symbols of luxury, performance, and status. But behind the allure of having a Ferrari in your garage, some significant downsides to Ferrari ownership must be considered.

Ferraris Come at a High Cost

Ferraris are among the most expensive cars in the world, with models costing $200,000 or more. The initial purchase price is just the start – Ferraris are beautiful but high-maintenance marques. Ownership costs include premium fuel, costly scheduled maintenance, expensive insurance, and repairs from certified Ferrari mechanics. Storage and transportation also add to the bill for Ferrari owners.

They Aren’t Very Practical

The low ground clearance, wide tires, and low seating position make Ferraris impractical for daily use. These exotic cars also have limited storage and cabin space, making them cramped for taller drivers and unusable for families or road trips. The stiff suspension delivers an amazing driving experience but an uncomfortable ride over all but the smoothest roads. And good luck parallel parking one of these supercars.

They Attract a Lot of Attention