How much my FERRARI 458 COST in 1 year?
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- I added up all the costs associated with owning my Ferrari 458 for the past year and lay it all out for you. The maintenance costs are surprisingly low, but my modifications costs are pretty scary high. I also drove it over 17,500 miles so that may have something of an affect on my costs.
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#ferrari458 #howmuch #costs - ยานยนต์และพาหนะ
I never thought of my sailboat as a cheap hobby. I do now.
It's all relative
@@normalguysupercar boats are expensive for slip fees and planes for hangar fees and ownership costs mega bucks
Happy Ferrari Birthday Dan!!!
🎈🎉🎊🥳👏👏👏👏👏👏
One year as passed already since you got the 458... It seams it was last week...
Yeah it's hard to believe!
What's the smiles per mile metric?
Damn that's a ton of miles, especially for someone that doesn't have a job to commute to. 😂.
It's like 42 smiles per mile.
You just cured me of thinking I wanted a 458. Thanks!
You just need a sponsor
Haha or don't modify it! Lol
Or have no wife and kids
Which insurance provider do you use for auto? My quotes are much higher
Super informative Video!
Your 458 costs much more to run than my 14' 991 Turbo. I did similar modifications to yours like the battery, full exhaust, and I also got a tune. Owned it for about 2 years, I paid $114,016
out the door but my yearly cost is "only" $19999.87
. Surprisingly my insurance premium is much lower at $1015/yr and maintenance at $1643.18
with DIYing just about everything. About time to change tires/rotors/pads, it's gonna be an expensive one (around $7000 in parts, lol) .
Such a beautiful Ferrari. Enjoy it, Dan!
Thank you
Finally a video that has nothing to do with that virus...lol. Thank you Dan!
You're welcome.
By doing the oil changes yourself (like I would), would that lower your resale to a potential buyer for not having dealer service receipts? I know Ferrari guys are very picky about stuff like that, besides the mileage being added.
Not enough to matter
I think you are wrong on home servicing. I’d want a Ferrari Dealer Service Stamp in my service record each year. Plus you do not know of any recall issues or updates that Ferrari may tell the dealers to do. Just because its old, Ferrari still care! As a future purchaser, the first thing I do is look at the service record. There are plenty of Ferrari Main Dealer Serviced cars to purchase before your do it yourself serviced car. Your car will need to be cheap to sell. Higher mileage drops the value big time. I always buy well used higher mileage cars as low mileage is bad news on problems, but I still like to see servicing at proper shops.
My heart says one day I will own a Ferrari. My wallet says be content with a Corvette.
That's a pretty good compromise.
s n I didn’t say it was new🤣 I have an 86.
For mine, I've only had my annual maintenance plus an aesthetic fix to my headlight (split, repair, reseal). I need new tires soon. No mods. It hasn't been out of step with what we've paid for other cars, like Porsches, etc.
Yup, if you don't modify it, they are pretty reasonable. I just can't resist.
Great video! I think the cost of mods is probably the most shocking. Doing the exhaust on the Mas is in the 3-3500 range. Staggering when you think of the upfront cost and then spending significant sums to make them "better". :) I think you've touched on it before, but given you have services, etc., wouldn't your cost of labor (time) be factored in? That's where the significant savings over dealer costs comes in.
Certainly labor costs would have increased the costs a decent amount
Fantastic video... the shine on your ferrari is absolutely amazing 😁😁
Thank you! Authentic Details killed it. It looks brand new!
I got lucky with my last set of tires. Michelin was discontinuing the Pilot Super Sports. TireRack had a BOGO sale on them. $870 delivered for 4. And a $70 debit card delivered later. That was a BIG help since the last time I installed a set they were $1700 installed. It's nice to catch a break now and then.
Oh damn that's cheap as hell for those tires!
My dollar story, '98 F355 GTS manual, (2 previous owners) purchased in 2018, $89.900. Six month major service, away from me for 8 months just after purchase, (sad). Major included gold connector kit (SRI) all the normal major items plus 40 lifters rebuilt, all new hoses and a check written for $33.500. (OUCH), but love the car. Valve guides were replaced with stainless by the previous owner, thank you!, that was $22.000. Again, OUCH, but love the car! Oh, nice close-up's of Mo, he has a nice coat!
Yeah it's not something you buy to save a buck. Lol
I’ve had my 458 Spider for 2 years and put 1700 miles on it. PPF, ceramic coating and paint correction $3500. Open flash tune $2500 and transport for annual free service $700. Insurance is $3,000 per year. No payments so I’m not counting that!
Not bad
Tuned in for the car, stayed for Mo! Great vid!
Thanks!
Thanks for being so transparent and honest! Makes me feel a little better... (driving a 2015 V8 Aston Vantage GT). Also enjoyed and appreciate your previous videos, I went ahead with ppf. Cheers.
Right on!
Why did you get the same tyres ? did you had the choice ? i don't think the p zero are that good
I like them.
Dude !?!? That color correction and ppf looks insane !! Congratulations !! Very sharp !!
Thank you! Authentic details killed it! It looks so damn good
How does he not have more views??? He goes in depth more than anyone!
Eh my channel is fairly calm without the crazy drama, so it's smaller
Mo is the best, I love him. He is so chill. Great content Dan. Hopefully we get to 100K subscribers soon. I bet it would help you to make a lot more interesting projects and DYI videos which I really like.
Yes it would certainly help a lot!
Thanks for the content, much needed being in quarantine in California!
You're welcome
When you do this kind of thing again I would love to see depreciation factored in. I know it is a total guess but it plays a part. Could just factor into a TCO if you sold it today as your payments would go toward equity.
That's the thing is it's just a guess.
Worked out pretty good for him lol. Purchased at 150 and sold at 185. Today they're going for 220+ Not a normal few years tho
i like how u had to show the full bottle of corona to imply you’re a chill fun guy or sum 😂😂😂
Lol it was there because I used it as a prop in a previous video
Normal Guy Supercar slow your horses toretto
Man o man, who would pay 14k usd for detailing. I had my diablo done, completely front to back and knock 10k off that! And plugs? Go online to parts suppliers, 5 bucks a piece! I do like your channel, but maybe show people how if they look they can get deal's on stuff!!
Thanks for helping to keep us sane during this quarantine.
You're welcome. Heck I needed to do this to keep myself busy too!
Thanks for being candid about your costs Dan.. data is deadly...if you are keeping your head above water you are a financial wizard.
I think it's enlightening. :)
That's serious money on maintenance costs. However, later models come with a 7-year maintenance agreement which gives them cost-free maintenance, apart from tyres and brake pads. Perhaps if and when you move up to a 488 your maintenance costs will be lighter.
By the time I can afford a 488 they will be out of maintenance
USA insurance expensive. In UK it would be about 30 or 40% of that
Yup
Not bad for a supercar but I would never finance and pay cash. Compared to owning a single piston small aircraft, Ferrari is cheap. How about Lambo are those similar in maintenance costs or more?
Thanks for the break down. Overall on average definitely more expensive than my Porsche and what I've put into it and trust me I've put a lot too into it.
Haha yup
Wow, your Ferrari insurance is exactly $30 more per month then my Cadillac. Interesting. (Me =no points, no tickets, no accidents, middle aged, married, multi car)
What type of Caddy?
Nice break down Sir.
Thank you
And worth every penny/dime, as you know the moment you start a Ferrari up . The smile says it all ..
Keep well , go safe .
Love is contagious,, let's spread it !
Yes I agree
Thanks for all your super Videos
Dan what year is your 458 ?
How do you like your Garage Floor ?
If someone doesn’t do any upgrade to e 458 other then normal changes tires oil ect. I don’t think it’s really that bad. Don’t you agree.
Dan, how do you like your ceiling lights? When did you add those? Link?
amzn.to/2Wtj7Yb
Love them
How did you pay so little? Nearly all available now are near 200K or more! Just curious…
This was years ago
I would be more interested in knowing the long term annual maintenance cost (over 5 years) assuming that you only put 2 to 3,000 miles per year.
$225 a month insurance , wow, OK mine is a Cali T not a 458 but insurance is $41 a month (UK)
UK is much cheaper I believe
Dan, get a Viper ACR, its easy to work on and still a manual.
You should put the numbers in a google sheet or something that we can download and play around with (taking out/adding modifications, etc.)
I did that for the F430 but got lazy on the 458.
Great walk through today Thanks.
You're welcome
Would love to own a Ferrari 458 someday. The financial breakdown is appreciated !
You bet
That's an insane number Dan. You have an insanely expensive hobby. That car has the potential to cost you the price of a nice house in only 5 years... and you would own the house, but your car will be worth less than half of the purchase price. I like your car Dan and love your channel, but I won't be asking for financial advise anytime soon.
Well it's all relative
Says the man who has a Ferrari logo for his avatar and several Ferrari repair videos on his channel. You sir are very hypocritical! Why is wrong for Dan to drive a Ferrari when you obviously have no shame in owning and driving one?
Did the car depreciate?
Certainly
Does it matter?
Interested on your thoughts on who to insure with? Is it a specialty insurance company or a standard insurance company (Geico, Progressive, etc.).
I use USAA but plenty of people use "normal" insurance companies.
Jesus only 29k down that is crazy. Any reason you don't buy the car out right? F430/360 I have pinks for but also down to hear good reason to finance that for so long
I prefer to keep my cash available
almost could have bought a new Corvette C8 with service and long term warranty outright for what you spent...... I love my F355, but couldn"t justify almost 60K per year... 64 years old with different priorities and income ya know.
Yup
the car cost basically 4-5 grand to run a year excluding fuel
Yup
I'm going over some numbers and I was wondering did you deduct your 458 as a business expanse? If so how much % did you put as business vs personal?
3:55 the look he gives you is "I'm getting sick of your sh**..."
Lol
Nice video. How many of the 17k miles did the rally’s put on the car?
At least 10k.
Do you live in North Texas? I think I recognize those roads.
Im looking to buy a Ferrari458 but they are all in the 200 area. Any ides? Someone?
That's about what they are priced at right now
Great Video! Let me know where you end up ordering the spark plugs from. Thx.
Will do
Very honest video as always 👍🏻👍🏻👍🏻
Thank you
I love that you love your dog Dan, it shows that your the real deal,it will be nice to be speaking with you in the next few month for a purchase . Havea beautiful day
Thank you! Mo is the best. Lol
Hey Dan, how this cost of owning a 458 compares to 430? Or have you done more modifications to the 458 than the f430?
Maintenance is cheaper. Mods are similar. Overall cost is higher because of how much more it costs to buy
Great info Dan ! Does Meg know the cost ?...Sammie Hagar said money cant buy happiness , but you can buy a big enouth yacht you can pull right up beside it !
She's seen this video so yes
Thanks for another honest video 👍🏻
You're welcome
ceramic coating can be done by your self for 70 bucks
YOUR IN DEEP! Love it my wife cut me off at 10k in mods...
That's not bad.
Dan are you buying Pirelli's again? If so which ones? And did you consider the Michelin's? It seems most folks across the board with cars like yourself really favor the Michelin's in a big way. Especially for track duty.
I like both. I'm buying pirellis again this time
Normal Guy Supercar which Pirelli’s?
@@TeFLoNMD11 P-Zero. Video soon.
Aaaaaaand right when I thought I was ready to buy one, you posted this... LOL! Maintenance cost, okay. Cost of ownership, alright. But the mods are a MUST! That’s what pushed my plan back a few years lol. Thanks DAN!! Sheesh lol
Yeah, the mods can add up quick unfortunately. However, it's not as bad if you spread them out over many years. I'm just doing them fast for content.
Normal Guy Supercar oh I know lol. But one of the very first things on my list is the exhaust. Looking forward to your test pipe video! I believe it’s going to have an even better F1 sound. Chills! Keep it up man. You’re channel is one of a kind and has really motivated me towards have one in my garage soon. Cheers!
Man you are getting screwed by insurance...I don't think I know many people with exotics paying over $140 a month. You're getting hammered in the rear by some agent.
You also should factor in your Down Payment as a 1st year expense. You actually spent closer to $80,000. Or essentially you could have re-bought another F430 for the amount of expenses dollars for your 458 in 1 year. When you think about it, I am not sure that's a win.
Ok
You change spark plug for sport and oil for sport?
Thanks for the information Dan. You know I have this on my list. But def not cheap. Maybe in a year or two.
Do it. It's still worth it.
All us car guys say that - it’s not that bad if you break it down like that 😂
Lol true
I forgot to mention, Moe is awesome... love him 😁😁
LOL yes, Mo is the best!
yea, i definitely decided that when im ready, i want to come to Austin to have Brad do the work....
He really does an amazing job
Another great video! Keep it up!
Thank you
That exhaust sounds awesome!
Thanks
So, you purchased it at 157G's US (which is about 227.3G's cdn). Already, I'm not even looking at anything in this type of price range. Simply way too much. Regardless, you go ahead and finance 128G'sUS (Which is sitll 185G's cdn). The monthly's are at $1973US (2858cdn!!). Insurance is sitting at $225US a month (326.25cdn! For just this 1 car!). This is insane. How are you affording this?? You've got a substantial financial backer to keep this going. I couldn't even imagine something like this. These are payments done on a reasonably sized house!
I"m so grateful I only have to pay for insurance on 2 cars ($275cdn a month, which is only $189.65US). The rest goes for living purposes and retirement! Absolutely insane. To have that type of money...
Well 20 years of software certainly helped
@@normalguysupercar Must be a pretty big software gig... I hate computers.. lol (speaking after 30yrs in the IT business) ;-)
~$14k for the paint/clean/awesome look mode, whoa!!!!
Yup, that's about what it would run but this was way easy beyond typical.
@@normalguysupercar It looks mega don't get me wrong. Im still hunting F430 let me know if you see black or dark grey one pop up seem like good condition/value!
Probably why you see alot of garage queens. There not for the faint of heart. Keep the content coming, Please
Thank you
Talk about the cost of taking it to the dealer for maintenance.
Well I don't know for certain because I didn't take it to the dealership but we know it would be substantially more.
Tell me you didn't pay $250 for those fabspeed extenders. They are no different from the $35 ones you can get off of eBay.
These are the little catalytic converters that are 100% guaranteed. But yea, there's probably cheap-o ones available... But I also was trying to establish a connection with Fabspeed... And it worked. ;)
Have you noticed any changes in your channel statistics since the outbreak?
Yes, it's doing much worse.
“You hide is and moe will find it” lol sounds like a commercial ad
If you need food clean up service, Mo has your back
Why finance such an expensive car that will depreciate? If you can’t pay cash you can’t afford it.
Ugh I've discussed this many times. That's a stupid statement. Do the math.
Wow your maintenance is low! Impressive. Bravo!
Thank you! Yeah the maintenance was shockingly low
$700 for a battery... scratch that car off my list. sigh.
That's for a Lithium battery
That’s a lot of money every year. What about buying a second property instead wouldn’t that be a better investment to spend $50k a year? or your happy with spending it on the car
It's not always about what makes the most money
@@normalguysupercar I’m guessing you earn alot from the channel as well ? Which would offset the cost Im guessing?
Also when you bought the car did you sell it at a similar price? Or how did that pan out?
I can't believe how cheap cars are in US. In my country, they cost 3x more cus of import tax
Yeah that really sucks
Man, all I could do was keep staring at that shine coming of the car. So distracting! :)
Authentic Details absolutely killed it! It seriously looks like a brand new car now
Between the cost of the car and the loss on the rentals I'm begining to think your business plan was written by Adam Neumann.
Lol
I applaud your mileage bless you for driving the car
Thank you
Do you know how much this would have been for someone in your situation thats not a DIY'er excluding the cost of the car?
Probably at least $10k more
I cant imagine how much cost ferrari laferrari one year in only oil change and all that stuff
Pretty penny
I haven't done this, adding up cost because frankly I don't want to know lol I'm sure it's too much , it's crazy what we do to live the carguy life isn't it.
Yup! Cars are never cheap
this dog is no drug all day long
Was the expense of depreciation factored in?
No
GOOD morning TH-cam
Goooood morning
At :08 sec in the video your intro that is you in the car right if so if you can send me the link i want to watch the video please
th-cam.com/video/nqGQQYbP_Yw/w-d-xo.html
The real question is what is it worth today? Are you under water on it still?
Lol I wasn't underwater when I bought it. I put a lot down.
Normal Guy Supercar you should count your down payment as part of the loan. That money is tied up in the car whether it is a down payment or part of the loan.
I missed , what year is your sweet 458?
I think 2011, his still has the pops
I just realized.. owning a 458 is way cheaper than having a wife and 3 kids.. though it wouldn't be as fun but it isn't really as bad as I thought. LOL
What year is your Ferrari? I have a 2012 458 spider with 8000 miles on it.
2010
Normal Guy Supercar What are your thoughts about when people say they have transmission issues up the 2012 model’s?
@@JP600LT I think they are only reading what a few loud people said on the internet.
Normal Guy Supercar that’s fair. So over all your think the 458 is fairly reliable?
@@JP600LT very much so.
Hey Dan - Hope all is well...!
Thank you. Indeed all is OK here