Cost of Ownership – Ferrari Enzo

Owning Ferrari’s most recent entrant in the ring of supercars, the Enzo, is a dream for almost every car enthusiast. And who could blame them? Designed to resemble an Formula 1 car and developed with assistance from Michael Schumacher himself, the Enzo provides a thrilling driving experience that lives up to its pedigree.

Starting with a carbon fiber chassis, the Enzo is built up with more bits of lightweight carbon and aluminum to take its unique shape. A gratuitous amount of carbon fiber is found inside the cabin as well, where the driver can pilot the Enzo’s 650HP V12 mated to a 6-speed F1 gearbox all the way up to 218 MPH.

Making the car user-friendly for various driving conditions, the Enzo comes standard with stability and traction control, electronic brake-force distribution, ABS, and the ability to lift the front end to handle speedbumps and driveways. All of this brought the Enzo to a sticker price of $650,000 – but that’s not all you needed in order to own one.

Before we could even get in to the cost of ownership, if you wanted a new one Ferrari had to decide if you were worthy. Previous ownership of both an F40 and an F50 were a must, and depending on the dealership, a lengthy relationship with the brand helped your chances immensely.

Today, prices vary, but a well-kept low mile Enzo can fetch over one million dollars – and they’re out of warranty. An oil change on the car will run about $1,400 with parts and labor, but with the additional “services” and fluid checks recommended by Ferrari this experience could cost in the neighborhood of $9,000.

With labor, a new clutch assembly is $6,000, which doesn’t seem so bad compared to the $40,000 price tag for a full brake job. Insurance is variable on a number of factors, but expect to pay upwards of $6,000 annually, and that’s if the majority of your other assets are insured with the same company.

While it’s not in territory of the Bugatti Veyron’s cost of ownership, the Enzo is certainly not a cheap car to maintain if you intend to drive it… but who would really expect Ferrari’s most expensive road car to be affordable in any way?

There is always the option to driving a luxury car for free in case you can’t afford $9000 oil changes.

2004 Lamborghini Gallardo
Listed for sale at $98,000
Bought at $80,000 plus tax & tags
Drove for 4 months then posted for sale
Sold for $93,000 in less than 30 days
Made $9,000 in Profit


Interact - Questions, Comments, Feedback
 
Get the complete
framework
on mastering
Entrepreneurship
GET STARTED



Porsche 991 Turbo S – Project Sin
Mercedes Benz SL65 AMG Black Series – Project Unicorn
Range Rover Sport GT Project Obsidian




Instagram Podcasts YouTube Twitter

Home | About Us | Latest Articles | Academy | Consulting | Become an Affiliate | Forum | Resources | Events | Contact Us




The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions. No material
here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument, including but not limited to stocks, options, bonds or futures.
Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility. View our Disclosure page.