How Much Does it Cost to Own a Ferrari?

These are the actual numbers behind owning and running my Ferrari GTC4Lusso V12! From servicing and maintenance to depreciation and financing, this is my attempt at giving you a full understanding of the costs involved.
After a deal has been negotiated on a car, it beings with a huge variety even in terms of the methods of funding a car, from outright cash purchase, to leasing or financing. From there you then have insurance, road tax, storage, servicing, maintenance, warranty, consumables and many more elements.
A beautiful aspect of the Ferrari ownership experience is the inclusion on all vehicles of a 7 year service package and 4 year warranty, making them relatively inexpensive to operate. Once that is complete extended warranties can be bought as well, although adding to the yearly costs above the basics that vary by individual such as storage and insurance.
I hope this FFT (Fuel For Thought) episode gives an open look into the actual costs and perhaps the eye-watering potential for depreciation.
Thanks for watching, Tim
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[@Shmee150]

Are the numbers more or less than what you would expect for a car like this? This is everything involved in running a car like my Ferrari GTC4Lusso V12

[@Arthur2008]

Shmee150 hi

[@Arthur2008]

Shmee are you going to good wood 2020? (FOS)

[@Kopp54]

Shmee150 hi shmee big ran of you senne

[@snivytepig3372]

I love the spec of this car

[@Arthur2008]

Sarah Branston cool 😎

[@ItsMasq]

“I think I’m going to do 10,000 miles in the first year” Ferrari: *sweating intensifies*

[@GH-fh7pn]

Lol I'm glad he drives his cars. That's what they are built for to drive and have fun not sit and look pretty in some garage in my humble opinion 👍

[@K8Stuff]

Actually with Ferrari you have to drive them to get a chance to be considered for limited editions.

[@mattbrawner7888]

They should be fine. 10 thousand miles is t too much.

[@jaredryan1505]

😂

[@rodneyfosdick3293]

G H just costs a lot of money to put 10k on a Ferrari in a year just a matter of time before u lose so much money and the cost of ownership

[@tijsdhondt8016]

Love Tim, love his cars, love his videos, etc... love everything!!! Happy 2020 Tim!! Big support from Belgium!!!

[@rhyswalmer7073]

So if I gave up my home, did 50hrs overtime a week, didn’t eat, lived in the boot.... I’d be able to afford the insurance.. don’t think this was aimed at an 18 year old 😂😂😢

[@moonriseproductions]

Rhys Walmer just get into investing! Nothing could possibly go wrong.

[@harsaranhehar9073]

Apart from if the market crashes

[@AnthonyDoesYouTube]

@@moonriseproductions took your advice. Now I'm 50k in debt on Robinhood Margin trading. guh

[@09Dangerous09]

I was buying houses at 18, I’m now making £20k a day minimum. Don’t let age limit you.

[@Andy-2022]

JayLaw :yeah with the help of Mum and Dad, money makes money

[@SupercarsinGreece]

Happy New Year!!! This is the perfect video to see whas is like of owning a V12 Ferrari!

[@martinnwosu4259]

Subscribed to your channel in 2019 and have absolutely enjoyed your channel. Happy new year and wish you all the best wishes in 2020. You are currently the best car channel and I appreciate what you do. Martin, london Uk

[@Andy-pu2iv]

Thanks for your honesty there, Tim. 35k per year. And that's one of his ten cars, kids. Good luck to the fella, he's earned it and he does seem to work very hard.

[@tdimac]

Love the way that your running costs for one car were quickly approaching my gross salary before you ran out of things to add up 🤣🤣. Brilliant that you're so up front and down to earth about your real life costs without being condescending. Keep it up Tim and all the best for 2020.

[@uttkarshsuri553]

You can actually make a series like this😂😂

[@Shmee150]

FFT; Fuel For Thought videos here: kzbin.info/aero/PLeHrR-7a2Rb8C-wncjyGp2GNNOVitcp32

[@Ham1001dy]

He did lol I think I gave him the idea for the name too

[@johnprince6640]

Love watching a bit of Shmee every day. Thanks Tim.

[@S.wilson911]

Love watching the fuel for thought series

[@gurindersingh3966]

Let’s just appreciate the openness and honesty. 👍🏽

[@hyperiez]

Love the new vid!! Love that you are exploring new places like boxhill ✅👍

[@Twigster1]

Love the honesty in these videos!! My suggestion would be to have a running total in the top right corner of the screen to be tallying things up as you are mentioning them just so it makes it easier to see the grand total per car.

[@981porsche3]

Twigster1: 13:50 He gives the total

[@chrisp4899]

35k a year just to run a car wow 🤯 the man knows where its all going at least

[@gagandeepbasi9853]

These types of videos are amazing Tim. A possible series containing your other cars.👍👍

[@casvian1215]

Happy new year shmee ✌🏻✌🏻 can not wait for the shmuseum content coming. Cheers

[@elmadi7391]

Big thanks Tim for sharing .... Happy New Year!!!

[@Slimkoification]

Very informative video Mr Shmee as always. Keep the good work in 2020.

[@sharingfamspace3156]

Happy new year Tim.we love you and your car content..all the way from South Africa 🇿🇦 we wish you all the best

[@MrSly870]

One of my favourite videos. Actual useful information!

[@jamiecoates9301]

Amazing video Tim , keep up the great work

[@Shmee150]

Thanks for the support

[@BrianAz]

Once again we get to live vicariously through Shmee even though most of us will never be fortunate enough to own a fine car like this, but it’s still awesome and informative.

[@matty020896]

Thank you for this wonderful insight, was always thinking of upgrading to a gt4 lusso from my fiesta st as a natural step up, and this is more than affordable on my full time job at Tesco's.

[@TiagoSilvaLx]

Great vid , thank you! And have a great 2020

[@TheRealEstateMamba]

Shmee this was a great informative video. So well put together and informing I now have a likeness to Ferrari. Thank you!

[@NG-vb3pb]

I love these kinds of video's, they give great insight as to what this all costs, thats why stephan graham is so loved in the community as he share's all of his incomes. I wished you would do this too, shmee, but I understand not everyone can share everything, anyway thanks for this very informing video!

[@isimon.]

Niels Geldhof Sadly, in this world talking about money and big nubers mainly just gives you hate from a lot of people. It‘s sad, but also sadly true. Also talking about KZbin, many people look a bit lost when they talk about it. It‘s just a huge change to make a business from nearly nothing, so as a business man you can consider doing it, but as said, many dudes laugh more about it... I would suggest Tim to keep his income a private thing. Just think about it, owning the Lusso costs about 35k per year. And now thing about his garage, his trips... You can maybe come up to ha quite impressive cashflow. And still, just a business men making the best out of it 😉

[@yoonkim3335]

kidnappers love more than you :) Kim Kardashian spent 20 million about sharing all of her life .

[@Prince_Pig]

Sounds wonderful. Nothing like a naturally aspirated V12. Tim, it seems you really look after your cars. I’d happily buy your cars knowing the care you give them. Love following your stories, keep up the good work.

[@deancraze142]

Brilliantly honest and insightful video

[@petercan1020]

I have to tell you that I am so glad that you have made it in this KZbin world and have been blessed enough to afford the things you have big reason for that it's your personality you're not arrogant in any way shape or form you're a person Who's down to earth. No one deserves it more than you and I'm very happy for you and I hope there's much more to come in your future which I am certain it will be a lot more so even though I'm from the US I'm going to see cheers to you.👍🤙🙂

[@SandeepSingh-mx4kh]

Happy New Year! Looking forward to your new videos 🤙

[@Shmee150]

Happy New Year to you too

[@nathanjamesmedia1644]

Thanks Shmee really cool video, your never obligated to talk numbers but so interesting to hear.

[@callumw6464]

More than I thought it would be. Very well deserved though, the details you provide in your videos are second to none. Looking forward to seeing some mileage put on the Senna and GTR Pro!!

[@bnastali]

Thanks for all the useful detail about your Ferrari. I want one more than ever.

[@FoxyEmGee]

Love the fft series!

[@georgeskourgias2196]

Just watched one of your older videos and I must say that I am quite impressed with how much you have evolved over the years

[@Shmee150]

Thanks!

[@djwarren5081]

He comes across as a very laid back easy going guy who loves sharing his passion for cars with us.

[@georgeskourgias2196]

@@djwarren5081 indeed he does, which is why he has been so successful

[@raayanbeg]

Who else thought he said he bought his ff when he was 4 years old and sold it when he was 6 😂😂

[@kaas12]

I rewinded and heard the same thing again

[@morganmorris2698]

@@user-ve7rz3pm3h 4:28

[@streetwise-ray5499]

I thought the same, then realized he said "it", (meaning the car).................Thanks for the single "Like" ;) Anyone else allowed to see this comment or is it the same guy each time?

[@raayanbeg]

Street Wise 😂 yeah same. I had to rewind like 5 times though

[@raayanbeg]

TOUGH GUY I realised 😅

[@HypnotizinDetailz]

Thank you very-very much for sharing these very useful information with us Tim! 😊 Ferrari - as a brand - doesn’t really excite me in general, but the FF and the GTC4Lusso really caught my attention, I’d love to have one of them one day! And now, thanks to you, I know what I can expect! 🤩

[@lotusgav]

Thanks for the candid info - very interesting 👍

[@BMW7series251]

Brilliant Tim , thanks for posting.

[@turbofanlover]

Interesting. Love these kinds of vids, Shmeester.

[@james_ross]

Eye watering costs. Thanks for being open about it.

[@oliverwoollon3636]

Keep up the good work shmee

[@Chris-dw3xl]

Cheers for your honesty we all appreciate it 👍👍

[@keithyp8427]

Another great video. Very informative.

[@bulletproof1421]

Wow, I found this very interesting and informative about the ins and outs of owning a car like this. I understand the figures are going to be different from person to person as well as car to car but to get an idea of how the mechanics work on how to go about owning a really nice car was nice and very appreciative. Thank you for this Shmee

[@Samtrevett]

Crazy!! Dorking,Leatherhead,Fetcham so close to my house I wish I was around that day to watch you go past

[@markcady6882]

Not long now Shmee at you’ll hit 2million subscribers, way to go. Love this car of yours, would be my first choice if I could afford, I daily a 2018 530 and love it, but the GTC4 Lusso would be my ultimate daily....

[@noblsht]

Give credit to you for choosing Ferrari is your daily driver unlike some other big names on KZbin , that was thorough and informative thanks I need to watch that more than once

[@davidohora5454]

Great video, keep up the good work

[@sgoldens24]

Superb content thank you for posting !

[@lffit]

I like this car, a favourite, 4WD is a big plus and its very practical and comfortable!

[@Rocky-bl6yu]

I like how he knows a lot about what he spends on his cars (not only his GTC4 L). This really encourages me more to save my money

[@antoncarlestam2135]

I have never experienced anyone, who uploads as consistently and frequently as you

[@matthis141]

Great video as always 👍

[@arashk1849]

Might not mean alot to you but i really respect the fact that you shared your personal financial details with us enjoyed it.

[@LawranceMM]

Love these videos would be awesome once you got your garage if you could break down all the costs and the business aspect of it all !

[@bridlingtonrcbashers9230]

Love the channel 👍

[@limpunsing224]

Very good informative content

[@vishnusupremex7955]

Hi shmee love ur content

[@Shmee150]

Thank you and thanks for the first comment today

[@VoxGav-bd9rc]

Man, this video just makes me realize I’m beyond I’m poor. Yeah, I gotta work harder. Great video!

[@detgoat]

i liked the format.. would luv to see the same cost video on 1 of the mclaren's, especially the senna

[@pasha12343]

Very interesting video , amazing how the running costs build up . 👍🙂

[@theemenice864]

Great video as always. I would love to see a dyno video for all the cars. Especially the Aston Martin GT8 🤤. Would ever consider this Tim?

[@maxxmaxx88]

Happy New Year

[@brianiswrong]

The FF In my opinion is going to be a Ferrari,Ferrari collector's will want in their collection. I loved the spec on your old FF. the lusso V12 seems an ideal family Ferrari.

[@azaanmohammed8963]

Happy 2020!!!

[@jz2188]

Shmee, just found your channel (bit late I know as you just celebrating 10 years, congrats), anyway, I live very close to the roads you used for this drive about, am a superbike rider, had a few Ferraris and Jags and way back when RS2000, Quattro S2 etc and lots of things inbetween., basically, know the roads back to front around the area, have driven them for fun/work commute for 20+ years, then they fitted average speed cameras around everywhere we play, I'm now taking up meditation to deal with the lack of joy of car/bike ownership and looking at taking up stamp collecting as a new pass time.

[@michaeljanes5726]

I've been watching your videos for YEARS and I still get freaked out everytime you pull out and drive on the wrong side of the road, (the left side) haha.

[@RichardRatner.1972]

Happy New Year Tim, thanks for all your videos last year, kind regards Richard U.K

[@FrostyCamaro]

Very nice Mr Shmee

[@mikecolz7867]

As always. Great vid. Are you going to boost one of your cars?

[@I_can_hear_you_not]

Great video 👍🏻

[@ZacLP3]

Shmee: how much does it cost to own a Ferrari? Me: Alot

[@limone466]

This V12 sounds really heavenly! Love it! My I6 engine sounds half-heavenly 😁 should I say "halfenly"

[@blkhrse6]

For those keeping score at home, that is about $47K (at current exchange rates) for just this car. This guy works his tail off for all this, so more power to ya Shmee, love the vids!

[@thehumbleairgunner750]

Really interesting, cheers

[@jambanja7]

Just made me realise I’m not doing enough with my life. That car’s total annual running costs near enough match my annual income. Must start thinking outside the box. Thanks for the motivation.

[@prinzmarcusvonabfahrt7637]

Exactly, working 9-5 everyday and getting a paycheck every month never ever will get you rich. You have to start thinking out of the box, you are on the right way brother!

[@AMan-ct1gu]

That's because he's a youtuber, let's be real

[@DevKumar-bi2ld]

So ,how are u doing now?

[@iainf6]

#Shquad..... Hi Tim, have a great 2020 in the Ferrari..... What a great noise!

[@braddavies9162]

Shmee this video is very interesting!! Could you possibly do this for all of your shmeemobiles?? Would be a great series to see 👌🏻

[@Shmee150]

We could do something that compares the relative costs perhaps, I'll consider some options

[@braddavies9162]

@@Shmee150 that would be brilliant shmee! Keep up the amazing content! :)

[@tmbthe1425]

@@Shmee150 that would be really interesting to see

[@reggieboy3271]

Happy New Year mate! Love your videos and looking forward to 2020's content!

[@robertl2856]

Good insight thanks knew it would be expensive

[@tommyneil303]

Great video very interesting on the costs Are all your cars leased?

[@paulc7070]

That's just one of Tim's cars.... ouch.

[@jm671]

Hi Tim .......a quick question does one need to down size the rim in order to put winter tyres on or can you buy winter tyres for the rims you have your summer tyres on ? Thanks for all the great content and happy new year 🥳

[@eddiemcevoy3888]

found my second car. Wish my mum knew how cheap it was before she got me an '02 corsa

[@atefelabed8365]

Very interesting and eye opening (and watering at the same time!), so basically running costs for one year buys you a very decent "normal" car! 😄

[@simoned1978]

Now you should do one about the RS, a bit more real world affordable, amazing car collection and look forward to your vids in 2020 👍🏻👍🏻👍🏻

[@TwinTurboTwinz]

cool vid. my friend is actually looking to get one as well

[@mattharte7334]

Great video and thanks for sharing and I love your Ferrari. Just one point on manufacturers warrantees, the Consumer Rights Act 2015 sections 9 and 10 imposes an obligation on the retailer to fix free of charge all the issues and problems likely to come up and covered by a manufacturers warranty. The obligation under the act lasts 6 years from the date of buying the goods/car. I used to practice law and warranties generally only mirror your consumer rights, and the irony is they get you to pay for it! You need to look at this before buying one, you'll be surprised.

[@sf2372]

Tim why did you say the V12 would depreciate heavily? Great video though, real eye opener. Saw my first Senna in black with red accents in Adelaide Australia at a Mclaren dealership. Videos do it no justice. In the flesh it is like a fighter jet. such an amazing presence. No wonder you got it.

[@iplamen]

13:32 - short version of the vid :)

[@FuuLLSpeeD]

I’m just sitting here watching this video knowing I can’t even afford one tire on this car, yup, seems good.

[@981porsche3]

FuuLLSpeeD: Don’t think of it that way. Think how awesome it is that you get to share the experience with someone that has cars like this. Before KZbin, you just had to dream about what it would be like!

[@dstone2067]

Step your game up

[@stephenoverstreet9898]

Yes Tim, that was a Morgan Aeromax. Would be an amazing Shmeemobile!

[@BMW7series251]

Right .

[@andrew8992]

Err no it’s an MX5 with a body kit. Really. I go past it several times a week.

[@quentinstacy35]

@@andrew8992 Correct. Mitsuoka Himiko.

[@andrew8992]

Quentin Jones , thanks for that. I didn’t know it was a “Mitsuoka” or indeed that there was such a thing! Perhaps my comment was a bit disingenuous but I did correctly spot the MX5 underpinnings.

[@rosszs]

Very interested about the current market views by yourself. I buy and sell plant, and the markets are all over the place at the moment. Interesting times and great vid

[@CE11SCAN]

Love fuel for thought more please tim you have gone cold on fuel for thought

[@mattd744]

Hi Shmee happy new year! Which one your prefer between the Lusso & FF and why?

[@b.e.nracing4774]

Great video, very interesting 🤔😁

[@bonzaimolly]

Not an apple guy, my type of guy! Android all the way!!!!! Brilliant video btw, nice to see someone so influential being so open and honest about money and costs ext. Good on you mate, good on you...

[@tomerock]

I don't think you stopped smiling once while driving. Amazing car congrats!!

[@C12sR]

and when you start it up it sounds a little bit like this : ad plays bruh

[@ranmashin]

Same here

[@michaelhunter636]

It costs around......at botb someone wins their dream car every week.......2 grand to......at botb someone wins their dream csr every week 😂

[@Bobg425]

Get adblocker then.

[@981porsche3]

Cometz: That’s what KZbin Red is for 🤷‍♂️

[@michaelhunter636]

It's a joke ffs