Man adores his Ferrari but is regretfully forced to sell after breaking down the costs

A car enthusiast decided to make the ‘sensible decision’ to sell his Ferrari 488 Spider after breaking down how much it cost to run. 

Many of us dream of one day owning a Ferrari, but the practical side of things can be anything but a dream. 

Supercars need a little more care and attention than your average daily driver, and costs can soon mount. 

So Ferrari owner and YouTube content creator mrninog75 recently made the difficult decision to sell his car, and revealed just how much it had cost him over the years. 

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Selling the 488 Spider was bittersweet

Revealing why he’d decided to sell when he did, he explained that as it was winter the Ferrari 488 Spider would be parked for about four months and would be costing him money. 

But that’s not to say it was a decision he made lightly, and he admitted to feeling a mix of ‘joy and sadness’ when he thought about saying ‘goodbye’ to his car. 

He contacted a dealer to see if they were interested in buying the car, and added that if the price offered wasn’t right, he’d happily hold onto the Ferrari until April when its warranty ran out. 

The original dealer didn’t get back in touch, but someone else reached out to him over TikTok offering him around $2,000 less than what he was looking for.

As he wasn’t keen to sell for under what he’d asked, he got in touch with his own Ferrari dealer and they agreed to his price. 

“I’ve just sold the Ferrari,” he said. 

“Happy days. Well, not happy days, sad days, but happy days because what a good price, which I didn’t expect.”

With the sale sorted, it was time for his last ever trip in the 488 Spider and it was a bit of an emotional one. 

“I’m sad really, but anyway, such is life,” he said. “It’s only a car.”

He went on to explain that he had more important things to spend his cash on in the future, including a new house, so the sale was a smart move.

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He broke down how much owning a Ferrari had cost over the last four years

After selling the car, he then broke down how much it had cost to own two Ferraris over four years. 

First up, he had a 458 Spider for two years. 

During that time, he worked out it had depreciated about $13,670. 

Alongside this, he’d spent around $5,470 per year on insurance, and about $2,735 in repairs, as well as $680 in road tax and for the car’s tracker – in all, he worked out that had cost him around $27,350 in just two years. 

It was a similar story for the Ferrari 488 Spider he’d just sold, too. 

It had depreciated around  $13,670 since buying it, and he’d had to fork out for two services at around $5,470, as well as insurance and tracker costs. 

In total, he reckoned he had spent around $54,700 over four years, or about $13,676 per year. 

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