Tag Archives: 360

What It Is Like To Own An Exotic Car

By   April 16, 2018

Ferrari Ownership

Ferrari Ownership

Owning an exotic car like a Ferrari or Lamborghini is the dream of many people. Unfortunately, few get to experience ownership of a true exotic car as the price of entry of even used cars is often out of reach.

But what if you work very hard (or win the Lottery) and can finally get that Ferrari or Lamborghini or exclusive Porsche? Just what is an exotic car like to live with.

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Why I Bought A Porsche Instead Of A Ferrari

By   April 9, 2018

Ferrari Ownership

Ferrari Ownership

Not all that long ago for about $30,000 you could purchase a Ferrari 308 GTS / GTB. The same car in decent condition is now worth over $100,000 (nicer cars are often getting over $150,000). The 308 is a wonderful vintage Italian sports car, but maintenance costs (especially the engine out belt changes that need to be completed every few years) quickly add up. This makes it strictly a weekend driver.

You just can’t drive a Ferrari every day. There are various reasons for this and it is what led me to choose a Porsche over a Ferrari.

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Ferrari Running Costs

By   April 17, 2016

Ferrari 350

Ferrari 360 Maintenance Costs

Some older Ferraris, like the 360, have become very affordable. In our research we found prices ranging from about $45,000 – $130,000 depending on the year, mileage and condition. At $45,000 you’re likely looking at a rough example. However, move up to the $60,000 – $80,000 range and your choices are much better maintained machines.

Many people will see these numbers and think, hey I can buy a used Ferrari instead of a new Corvette. But can you actually afford to keep a prancing horse on the road? Just what is the real cost of ownership of a “cheap” Ferrari?

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The Limited Production Lotus Exige 360 Cup Gets Slight Power Bump Over Standard Cup Car

By   August 14, 2015

Lotus Exige 360 Cup

Lotus Exige 360 Cup

Lotus has unveiled the limited edition Exige 360 Cup car. Production of the street legal but track focused machine will be limited to just 50. For that you get a slightly more powerful car over the standard Cup car with an increase of 10 horsepower.

That slight power bump brings the output up to 360 horsepower, which is plenty given the lightweight package. In the 360 Cup you also get a new lightweight louvered tailgate and front access panel which further help keep the weight down. With all of this it comes in at just 2,486 pounds.

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Is It Really Better To Buy A Used Ferrari Over A New Porsche?

By   March 13, 2014

Is a Used Ferrari a Better Purchase Over a New Porsche

Is a Used Ferrari a Better Purchase Over a New Porsche

Yesterday over at Jalopnik was an article that claimed it is better to purchase a used Ferrari instead of a new Porsche. Specifically the article talked about a new 911 Carrera versus a used Ferrari 360. Naturally, being a fan of both brands (although a bit bigger fan of the German brand) I took notice of the article.

The article was based on the premise of how much a new Porsche depreciates. It put this versus the maintenance of a used Ferrari and found that the Italian sports cars was cheaper to own.

Of course the first thing that stuck out to me is that a used Ferrari costs about the same as a new 911. Which of course if you use the same logic you could buy a used 911 for much less and then not get hit as bad with the depreciation.

The example Ferrari in the article was a 2004 model which cost just under $90,000. If you chose a 911 Carrera from 2004 then you can find plenty of them in good condition with fairly low mileage for under $35,000. Of course the Italian car would have a bit more performance than the base Carrera, but for not much more you could go up to a 911 Turbo and be in the same performance range. Plus the car would still cost about $30,000 less than the prancing horse, so a used 911 is starting to look pretty good.

While a used 911 will have more miles on it, the build quality is great and the cars can go for many more miles without major repairs. Plus it is much less likely to leave you stranded if you use it every day. So, if you go used Porsche over used Ferrari, the German car is the smarter financial choice (unless you are buying it as a future collectable as the Italian car is more likely to be worth more money in the future).

So, while the logic in the article is true, there may be a better option. Although it really is more about If you prefer Ferraris or Porsches.

Let us know what you would buy in the comments.

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