Buyer's Guide: What to Look for in a Used Ferrari

Buying a used Ferrari can be a dream come true, but it can also be a nightmare if you're not careful. This guide highlights key areas to inspect before you hand over your hard-earned cash.

1. Service History is Everything

A comprehensive, documented service history from Ferrari main dealers or recognized specialists is the single most important factor. No history? Walk away. Pay close attention to major services, especially cambelt changes on older models, as these can be incredibly expensive.

2. Get a Pre-Purchase Inspection (PPI)

Never, ever buy a Ferrari without a thorough PPI from a reputable, independent specialist who knows the model you're considering. They will check for common issues, hidden accident damage, and give you a realistic assessment of the car's condition.

3. Check for 'Sticky' Interior Plastics

A common and annoying issue on Ferraris from the late 90s to the late 2000s is the degradation of the soft-touch coating on interior buttons and plastics, turning them into a sticky mess. It's expensive to rectify properly.

4. Understand the Running Costs

The purchase price is just the beginning. Insurance, servicing, tires, and unexpected repairs can be eye-wateringly expensive. Make sure you have a healthy budget set aside for running costs. A good rule of thumb is to budget 10% of the car's value per year for maintenance.

By doing your homework and exercising due diligence, you can make your Ferrari ownership dream a reality without the financial headaches.