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rules on buying a Ferrari....

Old_Me

Old_Me

Emissary
i was cruising the facebook pages, and came across "rules of buying and owning a Ferrari....

it was true, not an internet tale.....

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Ferrari ownership, particularly for new or limited-edition models, is governed by strict, unspoken, and contractual rules designed to protect brand image and value. Key rules include no reselling within the first year, prohibiting unauthorized modifications or radical color changes, maintaining official service records, and, for special models, requiring approval from Ferrari's dealer network to purchase.


Core Ferrari Ownership Rules
  • No "Flipping": Owners are generally forbidden from selling a new Ferrari within the first 12 months to prevent market manipulation.
  • Modification Restrictions:Altering the vehicle—especially the engine, bodywork, or the iconic prancing horse logo—is prohibited
    .
    • Authorized Service Only: To maintain warranty and reputation, maintenance should be done at authorized Ferrari centers.
    • The "No Pink" Rule: Ferrari typically bans customizing new cars with pink, rose, or salmon paint jobs.
    • Approval for Limited Editions: Purchasing top-tier or limited-series models (e.g., LaFerrari, Monza) requires a strong, pre-existing relationship with a dealership, a history of ownership, and sometimes, right-of-first-refusal agreements.
    • Brand Protection: Using the car to tarnish the brand image, such as in illegal stunts or illegal advertising, can lead to being blacklisted.








These rules are strictly enforced to ensure that Ferrari cars remain exclusive and that owners act as stewards of the brand's legacy
 
Pitdogg2 said:
A good friend was looking for the old Thomas Magnum Ferrari model, found one at a great price, UNFORTUNATELY he was told that once a year it needed preventive maintenance to the tune of almost 14k, HE ran away and decided he didn't want one that badly....
🤣
Click to expand...
well, if he was buying from a dealer, that would be why...

otherwise....."Jiffy-Lube" it......
 
The "Magnum Ferrari" or 308 does typically require engine out servicing of the timing belts every five years if you drive it or not. (can be done with the engine in, but not at the dealership. Makes it too difficult...anytime you have to pull the engine for servicing, you have a design flaw!) While you are in there, replace the water pump and tensioner bearings because they will fail. All in all, I learned my lesson buying a Lotus. Ferrari is the same, only worse! :)
 
Winchester67 said:
The "Magnum Ferrari" or 308 does typically require engine out servicing of the timing belts every five years if you drive it or not. (can be done with the engine in, but not at the dealership. Makes it too difficult...anytime you have to pull the engine for servicing, you have a design flaw!) While you are in there, replace the water pump and tensioner bearings because they will fail. All in all, I learned my lesson buying a Lotus. Ferrari is the same, only worse! :)
Click to expand...
i used to watch, "Junkyard Empire", where the owner, "Andy" had the Ford GT..??

anyway, yes, that engine had to be pulled to remove the clutch, and from what i can recall, that too was an expensive job.....

thing is, if one owns such machinery, then one must not complain about costs, as in..."they have the money to buy such a car, then they had better have the money for gas, insurance......and repairs".
 
Old_Me said:
i was cruising the facebook pages, and came across "rules of buying and owning a Ferrari....

it was true, not an internet tale.....

=======================================================================================

Ferrari ownership, particularly for new or limited-edition models, is governed by strict, unspoken, and contractual rules designed to protect brand image and value. Key rules include no reselling within the first year, prohibiting unauthorized modifications or radical color changes, maintaining official service records, and, for special models, requiring approval from Ferrari's dealer network to purchase.


Core Ferrari Ownership Rules
  • No "Flipping": Owners are generally forbidden from selling a new Ferrari within the first 12 months to prevent market manipulation.
  • Modification Restrictions:Altering the vehicle—especially the engine, bodywork, or the iconic prancing horse logo—is prohibited
    .
    • Authorized Service Only: To maintain warranty and reputation, maintenance should be done at authorized Ferrari centers.
    • The "No Pink" Rule: Ferrari typically bans customizing new cars with pink, rose, or salmon paint jobs.
    • Approval for Limited Editions: Purchasing top-tier or limited-series models (e.g., LaFerrari, Monza) requires a strong, pre-existing relationship with a dealership, a history of ownership, and sometimes, right-of-first-refusal agreements.
    • Brand Protection: Using the car to tarnish the brand image, such as in illegal stunts or illegal advertising, can lead to being blacklisted.








These rules are strictly enforced to ensure that Ferrari cars remain exclusive and that owners act as stewards of the brand's legacy
Click to expand...
IIRC when the Corvette C7s and C8s came out the agreement with the dealerships was that they couldn't sell these for over $65K (or thereabouts). I think there was a rule about flipping but I'm not sure about that. Anyway, used to work with a man who owned a Ferrari in the 60s-70s and he said it was a very unforgiving car for an unforgiving driver.
 
Not one of those rules applies to me, cause I'm just a broken down retired cop with enough of a pension and a mediocre social security check to buy the dog's food and get my peanut butter and honey sammich fixings.
 
Pitdogg2 said:
A good friend was looking for the old Thomas Magnum Ferrari model, found one at a great price, UNFORTUNATELY he was told that once a year it needed preventive maintenance to the tune of almost 14k, HE ran away and decided he didn't want one that badly....
🤣
Click to expand...
A resident of my hometown (unknown to me) had a 1978-1980ish 308 for sale about 15 years ago. He was asking $40k at the time. Just thought I'd throw that in here for perspective on that exact car (red factory exterior, tan leather interior). Regarding condition....it looked great and he drove it regularly in the summer.
 
One doesn’t buy a Ferrari if one can’t afford engine out services. Ferrari restricts who can buy and has the no flipping rule because people were buying them just to speculate, garaging them for years just to drive the price up. They wanted to make sure that the cars were being driven. But not driven that much as a Ferrari with 30-40,000 miles is literally valueless.

A Ferrari is more than a car, more than a lifestyle choice, it really is quite exquisite. You never get in one, drive one and think “meh”. And no one watches a Ferrari go by and thinks - What a douche. But drive a Porsche…
 
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