Question 296

[stevep3]

Done 19000 miles in my 296 GTB and loved every mile question is should i continue to increase mileage and will my car be worth anything .
Ps I have not had any problems with car just gets better with the milage

[johnnyreggae]

Isn't the usual answer that no Ferrari with over about 5000 miles is worth anything so just keep enjoying it - and on a similar note what would you replace it with ? Even a new 296 cost to change could easily be six figures (depreciation & cost increases) - if anything the depreciation curve should now soften

[TBCTBC]

I read somewhere that Ferrari dealerships would not touch any car over 30,000 miles which seemed nuts, but I guess something they can do, considering their success.

[Trev450]

TBCTBC said:

I read somewhere that Ferrari dealerships would not touch any car over 30,000 miles which seemed nuts, but I guess something they can do, considering their success.

I think you source may have been somewhat incorrect. When I was searching for a 488 a couple of years ago, Maranello had a 35K miles example for sale that I was considering and I have also seen a couple of other different models at Lovetts in Swindon with over 30K miles.

[MingtheMerciless]

I wouldn't worry about it too much. Your car is already a "high mileage" car in ridiculous Ferrariland.

[fellatthefirst]

I have to say i absolutely love your attitude. Bought the car, driven it loads, racked up the miles and enjoyed every minute of it.

At the end of the day, i always think if you are able to afford to buy one of these cars then you should be able to afford any depreciation on it especially if you have used it a lot.

I bought a Lamborghini recently and have been really enjoying driving it. I don't care about the mileage, i want to take it on a European road trip etc. When i come to sell it i will probably have lost a fair bit but i see that as a trade for the enjoyment I've had out of it.

As long as you've had it properly serviced (dealership) and extend any official warranties i wouldn't worry too much about mileage and just carry on enjoying the car as you have been...we're all a long time dead!

[M138]

I know low mileage on any car has always been preferable but when did this ridiculous 'Must be very low miles' on Ferraris start?
If I was in the lucky position to own a Ferrari that would've been out all the time over Summer this year.

[rufturbo]

Bought a 2 year old McLaren 720s the end of 2019 with 6400 miles at £112000 less than the first owner paid. Since then I’ve used it as my everyday car and added another 56000 fabulous miles. It’s now worth about £60000 less than I paid. Cars depreciate anyway, yes more if you drive them but the cost per mile drops significantly. Why have a performance drivers car and not enjoy driving her? It’s like having a hot girlfriend and not shagging her

[DeejRC]

Drive it and keep driving it.

[garystoybox]

rufturbo said:

Bought a 2 year old McLaren 720s the end of 2019 with 6400 miles at £112000 less than the first owner paid. Since then I ve used it as my everyday car and added another 56000 fabulous miles. It s now worth about £60000 less than I paid. Cars depreciate anyway, yes more if you drive them but the cost per mile drops significantly. Why have a performance drivers car and not enjoy driving her? It s like having a hot girlfriend and not shagging her

This is going to sound mad, but I totally disagree. Using a similar analogy (apologies if a little crude) and an actual male fact…. Once you’ve shagged a 10/10 everyday for 6 months you get board and want to move on. Much more fun to use sparingly and enjoy the anticipation than ‘buck to boredom’. Apologies again…..

[stevep3]

Most of my miles done on road trips to Europe so usually 2/3000 miles over 7/10 days couple times a year they cost money to own so might as well use and enjoy