There are no Ferraris that are “cheap” to maintain, but certain classic Ferraris can be downright extortionate to keep running if you get unlucky. For example, an F355 is one of the cheapest Ferraris to buy, but every few years, it’ll need to have its engine taken out for a major service. That work alone will cost thousands of dollars, although exactly how much will vary considerably based on where you get the work done. One owner reported a bill of $28,000 for an engine-out service: $12,000 in labor, and $16,000 in parts.
A dealer will be the most expensive option, while a non-franchised specialist will be cheaper. The most wallet-friendly option is to try and do all the work yourself, but that’s not advisable unless you’re already an expert wrencher. Plus, skimping on maintenance to save a few bucks will likely come back to haunt you come resale time, when prospective buyers will be willing to pay significantly less if there’s evidence that someone unqualified (i.e. you) has worked on the car. Really, the best way to look after a classic Ferrari is to take it to a specialist and fix any potential problems areas immediately, but to do so, you’ll need to keep a rainy day fund that should be a lot bigger than many buyers of cheap Ferraris initially imagine.
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