Ferrari vehicles are among the most coveted automobiles in the entire world, delivering world-class performance and distinctive design in the form of unique Italian supercars. Additionally, there are limited numbers of each model produced. Whether you’re talking about a race car or a Grand Tourer, a Ferrari’s value will be as much a product of its availability as its condition. So, what’s a Ferrari worth? It will depend primarily on the following factors.
What a Ferrari looks like is as intrinsic to a Prancing Horse’s value as its incredible performance. A Ferrari is a work of art, and any dent, ding, or scratch will affect its value. The more pristine your Prancing Horse, the higher your Ferrari’s value.
Was the car only used in track settings, or was it driven on the roadways? A car that’s been driven off of the track is likely to exhibit more signs of wear, decreasing its value.
Similar to the exterior, the interior condition of your Ferrari will be a big factor in its price tag. Is the upholstery worn? Are there any flaws on the instrument panel or infotainment systems? Cracks in the glass? It’s true that every Ferrari is a work of art that and fetch a significant price even in a less-than-optimal state, but that also means that every small flaw will have an effect on the vehicle’s price.
The condition of every aspect of your Ferrari is, of course, a key factor in determining what a Ferrari is worth. But just having a perfectly functioning powertrain is not enough to maintain the value of your vehicle: to maintain maximum value of your Ferrari, you must have detailed service records from an Authorized Ferrari service center. Official records of services performed will be extremely important to any prospective buyer.
Proper maintenance is key. Mileage, of course, is also a big factor.
Only 500 LaFerraris were made. Only 250 LaFerrari Apertas were made. There were only 500 Monza SP1 and Monza SP2 models made. The limited nature of these cars alone makes them much more coveted than the approximately 15,000 458 Italias on the world’s roadways, or even than the most cutting-edge models that are currently in production, such as the 812 Superfast or F8 Tributo.
Maintaining your vehicle with trusted Ferrari service and detailing is the best way to maintain the value of your Prancing Horse, whether you intend to keep it for life or sell it someday.
Are you looking to buy a Ferrari, or looking for information on the value of a trade? Whether you live in Milwaukee, Indianapolis, or anywhere else in the state, we can help from our Chicago-area location. Contact us to get started.
The announcement that Ferrari will return to the top class of the World Endurance Championship with a new Le Mans Hypercar in 2023 ignites memories of the first sparks of the relationship between Ferrari and endurance racing. Just two years after their first production car, two V12 Ferrari 166MMs entered in the 1949 24 Hours of Le Mans. The first Le Mans to take place after World War II. After six hours of racing, one of the Ferraris got caught in an accident, leaving the driver team of the Italian-born Luigi Chinetti and British Peter Mitchell-Thomson in a gruesome battle…
Check out this week’s edition of Shop Talk where Noel Rivera, Sales Manager features Kam Palasz, Ferrari Detail Specialist. Learn Kam’s role at Continental and find out why he is someone you should know! More Shop Talk
Check out this week’s edition of Shop Talk where Noel Rivera, Sales Manager features Patrick Lepacek, Ferrari Master Technician. Learn Patrick’s role at Continental and find out why he is someone you should know! More Shop Talk