Owning a Supercar like a Ferrari is likely to be the result of many years of hard work and success. You’ll be able to save up and reward yourself with one of the world’s most famous sports cars. However, a lot of people are petrified of buying a luxury vehicle like a Ferrari because of the perceived costs. Yes, luxury cars are expensive. The clue is in the name. But, they don’t have to cost you a kidney! And, if you follow these suggestions you’ll be able to cut the costs of running your Ferrari, and still enjoy it as much as possible.
Now, the major thing to remember about Ferraris is that they are gas guzzlers. Any sports car is going to drink through fuel at a very fast rate. And that’s why you need to think about changing to a different sort of fuel. Some gas will work out more cost-effective over time than other types. Make sure you do your research and find out what the recommendations are for the car. The type cited by the dealer when you buy the car is unlikely to be the most cost-effective type. For UK owners, one of the best types of fuel to consider would be Super Unleaded. This tends to go well with Ferrari and Porsche engines as it’s high-octane. Just remember, petrol over diesel, and make sure it’s high-octane as much as possible!
You can also play your part when you’re out on the road in your luxury motor. Yes, you’ve most likely bought this beautiful specimen so you can burn rubber along the empty back roads with the wind in your hair. The problem is feeling like a playboy billionaire doesn’t make you one. The faster you drive, the more you are going to eat through fuel, and you’ll need to fill up more often. This is going to be an added expense that will soon mount up. Furthermore, driving fast in a sports car is likely to increase the chances of accidents and injuries. Slow down and you are going to save yourself a lot of money in the long run.
Cut Insurance Costs
Insurance is one of the biggest costs you’re going to face as a car owner. And, the problem is, because you own a Ferrari, there’s no easy way around the cost of insurance. Your car is very lavish, ostentatious, and expensive, and, as such, the insurance premium is likely to be much higher. Now, there’s not a lot you can do about this. However, you may well be able to trim some of the costs of this. The way to achieve that is to switch your provider every year. Yes, this is a bit of a pain, but it’s worth it to make the necessary savings. If you can go several years with no points on your license and no issues, this cost might drop just a little more once again.
Don’t Let Other People Drive It
You have to bear in mind that your Ferrari is a powerful car. It’s sleek, sexy and handles like a dream. And all of your buddies are going to want to have a go in it. All the time. You need to nip this in the bud right away. Perhaps letting one or two (the sensible ones) have a go occasionally might be okay. But, otherwise, it’s not worth it. You increase the risk of accidents and crashes by letting other people drive it. So, make sure you don’t let others drive your Ferrari. That way you’re going to save on the costs of repairs.
Speaking of repairs… Cars like Ferraris and other sports vehicles develop a reputation as being a nightmare to maintain. This is largely fiction. In fact, Ferraris, if treated well, are one of the most reliable cars out there. That being said, it is important to get the car checked over on a reasonably regular basis. This prevents any major problems from developing and getting worse. You also need to repair any damage, no matter how minor. One of the best ways of saving cash is to use SMART repair services to achieve this. You can get your car looking good as new with these services, and you don’t have to worry about the costs involved.
We all know that cars depreciate from pretty much the second they are bought. And luxury cars seem to have the highest rate of depreciation out there. So, how can you claw back can if you want to sell the car? Well, the easiest way is to try to combat the issue of depreciation. Take your time, and don’t rush through a sale for a lower price than you have to. Also, if you’ve looked after the car, and got it serviced, you will be able to ask for a higher price for the car.
Watch the Weight
It’s been well established that one of the best ways to save money as a driver is to save on fuel. Now, we know that going slower in your Ferrari can help make the fuel last a little longer. But, you also have to be careful to watch the weight. Sports cars are not designed to take a trunk full of heavy things. They are designed to be fast and streamlined. If your car has a lot of stuff in it, then it’s going to be heavy and weighed down, and this is going to make it much less fuel efficient. Try to make sure the car is as light and streamlined as possible. This will mean you use less fuel on journeys, and the vehicle becomes more fuel efficient.
Trying to save yourself money as a Ferrari owner is really important. Just because you’ve shelled out on an expensive vehicle, doesn’t mean you don’t appreciate the value of saving. You want to be able to enjoy the prestige and luxury a Ferrari offers, without having to worry about costs all the time. That’s why you need to make use of the ideas and suggestions on here.